Some people think cryptocurrency wallet is where we keep our digital cash, or electronic cash safe secured, it is somehow true but there is more to that.
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Back in the days when Satoshi nakamoto came up with the solution to wallet, then it is called CLIENT not WALLET.,to everyone convenient the nickname was change from ""client" to "wallet" or "cryptocurrency wallet".in the old financial system when it comes to cash like paper money, we normally kept that in the wallet. But when it comes to cryptocurrencies there are no coins in the cryptocurrencies wallet or whatsoever.>>
"People believe that they have most of the cryptocurrencies in their wallet"this is one of the most misconception people do have in cryptocurrency, which is not true what cryptocurrency does is that,you will have access to your funds , for example in the case of Bitcoin, you don't have Bitcoin in your wallet as all the Bitcoin already sitted in your blockchain. However if you have Bitcoin in your wallet you can have access to your Bitcoin in your blockchain using your cryptocurrency.
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If you have your funds you can do many things such as checking your balance withdraw or exchange to other cryptocurrencies even if it's other cryptocurrency or flat currency, you can transfer some to your or family as well, which would be that you basically assign an access of your Bitcoin to another client in your wallet address.
Copied text from cryptocurrency terminologies
something about my binance they are asking me for an authenticator code which I don't even understand ..am still trying to fix it out I don't know what's wrong with it ..please if you know of any better trading app ...I will be very happy if I can see that in my comment.
A screenshot of what my binance wallet is showing
To cut the story short, *wallet are a software technology which allows you to have access to your Bitcoin and other cryptocurrency.
