Where is cryptocurrency stored?
- In a wallet
- On an exchange
- In a bank account
- On the blockchain
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Answers Explanation & Hints: Cryptocurrency is stored in a digital wallet, which can be either a software application or a physical device designed to securely hold private keys that grant access to one’s cryptocurrency holdings on the blockchain. It is not stored in a bank account or on an exchange, although these platforms may facilitate the buying, selling, or trading of cryptocurrencies. |