How do online cryptocurrency wallets work?

The principle of a cryptocurrency wallet operation is based on three terms such as wallet address, public keys, and private keys. The address is an alphanumeric code required to send crypto to a specific user's wallet. The address is generated based on the public key, and the private key, which is known only to the user, confirms that the crypto assets really belong to him. Transactions are encrypted, and to decrypt them, the recipient uses a public key that points to the wallet address for transferring coins.