Basics: Wallets vs Addresses in Daedalus, Explorers, Cold-storage, etc

[vantuz-subhuman]

As a part of a separate discussion I have wrote a comment that I think might be useful as either:

1. One of the “basics manuals” for newbies
2. Reference point to send links to, in response to duplicate questions

Hope someone finds it useful. The whole discussion actually might be helpful for newbies.

Paper wallet

Exactly. Your ADA is not stored in Daedalus - it’s stored on the blockchain. The “Daedalus wallet management program” is just a tool that allows you to: Create new wallets and obtain 12 secret words Import (restore) already existing wallet, using 12 secret words View your “wallet balance”, once you have a wallet Create and send transactions, signed by your secret key, to spend ADA [future] Delegate stored ADA to pools The “problem” here is that when you withdraw your coins from an exchange -…