Bitcoin Wallet Guide
A comprehensive guide to help you start buying, selling and storing bitcoins.
What Is a Bitcoin Wallet?
Bitcoin, for all its intents and purposes, is a digital currency. It does not exist in physical form and hence cannot be stored physically. In order to store bitcoins, you need a bitcoin wallet. Technically speaking, you don’t store bitcoins in the wallet; here’s how it works – every person that owns bitcoin has a bitcoin address, and every bitcoin address can be accessed using a secret ‘private key,’ and this private key is stored in the bitcoin wallet. This allows the user to send, receive and own bitcoins using a bitcoin wallet.How to Get a Bitcoin Wallet?
You must be full of questions like, “how to make a bitcoin wallet?”, “how to setup a bitcoin wallet?”, or “how to create a bitcoin wallet?” There’s no single way to setup a bitcoin wallet, since there are several different types of bitcoin wallets in existence. In order to understand how you can get a bitcoin wallet for yourself, you need to understand the types of wallets and how effective they are in helping you store bitcoins. Let’s take a look at the types of bitcoin wallets below.
Types of Bitcoin Wallets
• Paper Bitcoin Wallet
• Online Bitcoin Wallet
• Desktop Bitcoin Wallet
• Mobile Bitcoin Wallet
• Hardware Wallet