I never quite understand. It's often been reported that some people have their BTC on USB sticks/have lost them, etc.
But how do BTC get into a stick? So how does it work?
I mean, if you buy shares, for example, you have a share portfolio and this can be viewed everywhere, for example via Scalable.
Why didn't they just do it like that? Why on a USB stick, and how does it work?
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Can you imagine similar to the stock deposit?
You know you have the shares and you are also registered and can assert your claims. Even if the bank, due to your legacy, goes broke.
At Bitcoins you have the access data, your conclusions, virtually the registration on the blockchain, and can claim to your bitcoins.
If you lose the key, it’s over. Bitcoin is so sicjer that there is no access without conclusions. No emergency or back door.
Just no conclusions, no access.
This is the hard backup behind Bitcoin.
Here the flashes of Coinfinity are very helpful if you don’t know about Bitcoin yet.
https://coinfinity.co/bitcoin flashes
Bitcoin are stored on the blockchain on the sticks were the private keys to be able to move them on the blockchain.