What is Bitcoin Wallet

Bitcoin Wallet

A Bitcoin wallet is a program where Bitcoins are to be stored. Actually, Bitcoins are not stored anywhere; there is a secret key for every Bitcoin address that is use to be saved in the Bitcoin wallet of the person who owns the balance. A Bitcoin wallet is also referred to as a digital Wallet. Establishing such a wallet is an important step in the process of obtaining Bitcoins. Bitcoin wallets provide facility of sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user.  The Bitcoin wallet has four types i.e. Hardware, Desktop, Web and Mobile are the four main types of wallets.

Hardware Wallet

Hardware wallets are by far the most secure kind of Bitcoin wallet, as they store Bitcoins on a physical piece of equipment, generally plugged into a computer via a USB port. 

Desktop Wallet 

Desktop wallets is clear from its name that means it installed on a desktop computer and provide the user with whole control over the wallet. Desktop wallets allow the user to create a Bitcoin address for sending and receiving the Bitcoins.

Web Wallet

web wallets allow you to use Bitcoins from anywhere, on any browser or mobile. The selection of your web wallet must be done carefully since it stores your private keys online.

Mobile Wallet 

Mobile wallets dazed the handicap of desktop wallets, as the latter are fixed in one place. These take the type of paid apps on you Once you run the app on your smartphone, the wallet can carry out the same functions as a desktop wallet, and help you pay directly from your mobile from anywhere.

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