As part of the process of creating an account with an Exchange you automatically get a web wallet (jump to this article for more information). This is like an online bank account or App where you can check the value your balance in fiat (Euro/Dollar etc) which hopefully increases over time.
Your newly purchased cryptocurrency will stay in your new exchange wallet – in the custody of the exchange – until you choose to use the knowledge from the previous lessons which will enable you to perhaps send it to your non-custodial wallet, where you control the private keys.
Even though you’ve just discovered how to buy cryptocurrency, the next article will explain how to sell or convert one cryptocurrency for another.
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