jennyukim
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【If stocks have securities accounts, where is the 'money' in the cryptocurrency world actually stored?】
In the stock market, people tend to open a securities account and transfer money into it,
and you don't really think about 'where the stocks are', because you assume 'the brokerage will take care of it for me.'
But when it comes to the cryptocurrency market, many people feel lost, because:
- There are no banks
- There are no securities accounts
You can see the assets on the exchange app, but where are they actually stored?
In fact, many people are unaware that the stocks you buy have never been kept by you.
When you transfer money into the securities account, it is actually going into the 'brokerage firm',
and you don't really think about 'where the stocks are', because you assume 'the brokerage will take care of it for me.'
But when it comes to the cryptocurrency market, many people feel lost, because:
- There are no banks
- There are no securities accounts
You can see the assets on the exchange app, but where are they actually stored?
In fact, many people are unaware that the stocks you buy have never been kept by you.
When you transfer money into the securities account, it is actually going into the 'brokerage firm',
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