My initial question is: is the Bitcoin that I purchased represented by any unique digital information, so that I can point to what is "mine"? If so, how do I get that unique digital information?
If you purchased the coins to the exchange, the digital information you can get is the amount of coins on your wallet. Means its inside your purse that controlled by an exchange. Im thinking that you are purchasing a form of digital coupon like most of virtual currency in games and gift cards, that has particular set of number or code for it. Its not the same with bitcoin since its not a form of currency that can be quantified on such occasion like (for example) a code 12949ANFOE= worth $100 of btc no, it isnt. 
Topic: Beginner question - page 2. (Read 241 times)
Bitcoin is "yours" only if it's in a wallet you are controlling.
And you are controlling a wallet only if you have its private key or seed.
There are multiple types of wallets.
If you kept your coins at an exchange, that's not your coins, since you have only an account (the exchange holds the private keys).
If you have your coins at an online wallet, most probably you have, again, just an account.
If you have a local wallet installed by yourself and was told to keep safely a seed, then you have your own wallet and the money is yours (!! as long as you are not careless and allow the private keys get into others' hands too !!)
And you are controlling a wallet only if you have its private key or seed.
There are multiple types of wallets.
If you kept your coins at an exchange, that's not your coins, since you have only an account (the exchange holds the private keys).
If you have your coins at an online wallet, most probably you have, again, just an account.
If you have a local wallet installed by yourself and was told to keep safely a seed, then you have your own wallet and the money is yours (!! as long as you are not careless and allow the private keys get into others' hands too !!)
Hello -- I am completely new to crypto currency. About a week ago I purchased some Bitcoin on one of the on-line exchanges to try to learn the mechanics of how it works. There are so many tutorial resources available, but I don't really understand them. I need to learn by doing.
My initial question is: is the Bitcoin that I purchased represented by any unique digital information, so that I can point to what is "mine"? If so, how do I get that unique digital information? I've asked the support team at the exchange this question, but I can't get an answer. Appreciate any guidance on this question that anyone can provide. Thanks.
My initial question is: is the Bitcoin that I purchased represented by any unique digital information, so that I can point to what is "mine"? If so, how do I get that unique digital information? I've asked the support team at the exchange this question, but I can't get an answer. Appreciate any guidance on this question that anyone can provide. Thanks.
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