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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - SimplilearnHow does Bitcoin work for dummies is a super simple guide that's technically precise, yet explains everything so quickly you can read it in. Dummies helps everyone be more knowledgeable and confident in applying what they know. Whether it's to pass that big test, qualify for that big. Bitcoin is stored in digital wallets, which can be software-based or hardware devices. Bitcoin transactions are sent from one wallet to another.