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.
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