Cryptocurrency wallets, like TP, are decentralized, which means users have full control over their private keys. While this decentralization enhances security, it also imposes a responsibility on users to properly store and protect their keys. Loss of private keys translates to loss of access to funds. Therefore, users should consider hardware wallets or encrypted backups as a means of securing their data, ensuring that even in a technical failure or personal mishap, they can recover their digital assets.