Replies to post #3166 on Bitcoin (BTCUSD)

[Big_Money_Upward]

yes it gets very complex the deeper you dig into it. For simplicity purposes yes you need a wallet. If you buy them on an exchange you could keep it in their hands, but i would not trust that.

Also make sure to put a good password on your wallet and consider additional steps here:

https://en.bitcoin.it/wiki/Securing_your_wallet



you can track where bitcoins go/come from using the blockchain
http://blockchain.info/