How a Bitcoin wallet gives you more security and control over your digital assets

How a Bitcoin wallet gives you more security and control over your digital assets

"Not your keys, not your coin" is a popular saying within some parts of the cryptocurrency community, and for good reason.

It's a reminder that if you choose to store your bitcoin on a cryptocurrency exchange account, the exchange actually owns the key to your digital assets. And if you don't own the private keys needed to transfer and access your bitcoin, you don't control it.

So how exactly do you control your keys and, by extension, your bitcoin? A dedicated Bitcoin wallet. 

Bitcoin wallets are designed to store the private keys to your cryptocurrency, enabling you to move your funds without having to rely on a third-party. Here's what you need to know about what a Bitcoin wallet is and how it works. 

What is a Bitcoin wallet?

A Bitcoin wallet is a software program that allows you to transfer and store bitcoin. Bitcoin isn't technically "stored" anywhere so the wallet actually stores a private security key that corresponds to the Bitcoin address of your wallet. The key is actually what gives you ownership and control of bitcoin stored in it, making it an invaluable tool as an investor.

A Bitcoin wallet is "a way for you to store your digital keys, or access, to