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⁣why do we need wallets if we can store assets on the exchange?

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⁣when you are new to crypto and you don't know how wallets work🤣🤣🤣

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⁣The legal status of Bitcoin varies by country, with some nations embracing it, while others have imposed restrictions or bans. Regulatory developments can impact the use and acceptance of Bitcoin.

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⁣Cryptocurrencies operate on decentralized networks, typically based on blockchain technology. This means they are not controlled by a central authority, such as a government or financial institution. This decentralization provides a level of security, transparency, and resistance to censorship.

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Cryptocurrencies provide individuals with direct control over their funds. Users can manage their assets without relying on traditional banking systems. This financial empowerment is particularly significant in regions with unstable or restrictive financial environments.

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