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Understanding ownership is a fundamental aspect of engaging with Bitcoin. The journey begins with purchasing Bitcoin, which serves as your introduction to its significant role in financial innovation. Knowing how to buy and sell Bitcoin is crucial, as it empowers you to transition between various monetary systems and discern who genuinely holds the Bitcoin.

This understanding is essential for making informed choices about the storage of your Bitcoin, whether you use wallets or leave it on an exchange. In the world of Bitcoin, ownership is defined by control over private keys. These keys are what grant you access to your Bitcoin and determine your sovereignty over it. Thus, grasping the importance of private keys and the responsibilities that come with them is a critical step in mastering Bitcoin.

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