A hard wallet only stores a password to the blockchain address where my cryptocurrecny is stored ? A hard wallet does not actually store cryptocurrency ?

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A hard wallet only stores a password to the blockchain address where my cryptocurrecny is stored ? A hard wallet does not actually store cryptocurrency ?
asked

A hard wallet only stores a password to the blockchain address where my cryptocurrecny is stored ? A hard wallet does not actually store cryptocurrency ?

Answers

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Basically any hardware wallet has, after being initiated, in some way, shape or form the private key/s stored.
Therefore hardware wallets act merely as a tool to access your funds; the “cryptocurrencies” are on their representitative Blockchain, while the hardware wallet is essentially nothing else than the access itself to the associated public address/es.

Not all hardware wallets do the same approach, i.e. & more specific:

Trezor:
https://wiki.trezor.io/Private_key
https://wiki.trezor.io/Account_private_key

BC-Vault
https://support.bc-vault.com/support/solutions/articles/43000079915-how-is-bc-vault-secured-

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