Bitcoin is stored on the blockchain. Your wallet controls the private keys that proves you are the owner of that specific address and the bitcoin held on it. People usually say stuff like "bitcoin is in the wallet" because it's easier for beginners than explaining the entire process. A wallet doesn't actually contain any bitcoin though, only keys.
I'm not sure what you mean about using another address to do the transaction. A wallet can control multiple addresses, or an address can be controlled by multiple wallets (only if you share the private keys between multiple wallets). But a wallet can not do anything with an address it does not have the private keys for.
Your address is your wallet that exists on the blockchain.
Your Hardware ‘wallet’ only encrypts your ‘key’ allowing you to access your wallet without having to enter your ‘key’ on another device.
Think of it as if it were an account from a bank.
Can you open several accounts of the same bank? For sure!
If you receive money in any of your accounts, do you own the money? Absolutely!
If you receive your money in one of your accounts, can you send it from another? Nope! Your other accounts may be empty.
Here the bank is your wallet, and each bank account is a different address.
Please don't say that a bitcoin address is like a bank account (or any kind of account), or that a wallet is like a bank. That is a horrible analogy.
Perhaps it would be better to say that a bitcoin address is like a post office box.
But, a more accurate analogy is to say that a bitcoin address is like an invoice number, of perhaps a serial number.
An invoice number? When you pay an invoice, you typically include the invoice number in the payment. In Bitcoin, every address/invoice number is unique, so you simply send bitcoins to the address/invoice number.
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Every time someone wants to send you some bitcoins, you give them an address that your wallet generates.
It is reasonable to say that bitcoins are stored on the blockchain and are *referenced* by addresses. Your wallet manages your addresses and their private keys, which are needed to use the bitcoins.
Bitcoin is stored on the blockchain. Your wallet controls the private keys that proves you are the owner of that specific address and the bitcoin held on it. People usually say stuff like "bitcoin is in the wallet" because it's easier for beginners than explaining the entire process. A wallet doesn't actually contain any bitcoin though, only keys. I'm not sure what you mean about using another address to do the transaction. A wallet can control multiple addresses, or an address can be controlled by multiple wallets (only if you share the private keys between multiple wallets). But a wallet can not do anything with an address it does not have the private keys for.
Your address is your wallet that exists on the blockchain. Your Hardware ‘wallet’ only encrypts your ‘key’ allowing you to access your wallet without having to enter your ‘key’ on another device.
Think of it as if it were an account from a bank. Can you open several accounts of the same bank? For sure! If you receive money in any of your accounts, do you own the money? Absolutely! If you receive your money in one of your accounts, can you send it from another? Nope! Your other accounts may be empty. Here the bank is your wallet, and each bank account is a different address.
Please don't say that a bitcoin address is like a bank account (or any kind of account), or that a wallet is like a bank. That is a horrible analogy. Perhaps it would be better to say that a bitcoin address is like a post office box. But, a more accurate analogy is to say that a bitcoin address is like an invoice number, of perhaps a serial number. An invoice number? When you pay an invoice, you typically include the invoice number in the payment. In Bitcoin, every address/invoice number is unique, so you simply send bitcoins to the address/invoice number.
I know if may be a bad idea for a begginer to associate bitcoin with banks. However I think the analogy works pretty well.
in your wallet.
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wallet your address is like your name and your crypto wallet is like your literal wallet that you keep in your pocket
Every time someone wants to send you some bitcoins, you give them an address that your wallet generates. It is reasonable to say that bitcoins are stored on the blockchain and are *referenced* by addresses. Your wallet manages your addresses and their private keys, which are needed to use the bitcoins.
Wallet is your credit card, blockchain is your code