Please are crypto Wallets like Bank or?

Please I want to know more about crypto Wallet… Are they more like bank accounts or different?

A crypto wallet is a long ass string which can be assigned some value via transactions on a blockchain.

It isn’t like a bank account where someone can take value out of (besides you).

You need to also remember that crypto transactions are irreversible: there’s no bank or govt to step in and reverse stuff if the receiving party isn’t willing to initiate the reverse transaction.

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Thanks a lot for this insight