You’ve decided to take the jump into mining and trading, but now you need to understand how money changes hands.
Your coins are stored on a wallet. This wallet can either be stored on your computer (Desktop) or at a source on the Internet (Online). Once you’re ready to move funds from your wallet to another coin or to your bank, you use an Exchange. The Exchange talks directly with your financial institution or another brokering service and can exchange crypto for cold hard cash.