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What is a Bitcoin wallet? Is it a fine way to secure your Cryptocurrency?
Bitcoin wallet works the same way as a bank account for traditional money i.e. stores your Bitcoin assets. And yes, it is a secure way of protecting your coins as there is a multilayered security system which is protected by a private key, and the key is only known by the owner. Unless you decide to publicize your key - which would obviously be a mad decision - your coins are completely safe.
bitcoin wallets is self descriptive i.e. wallets for storing bitcoins. There are different kinds of wallets. Hardware, software and paper wallets.
this is a very basic que. You can Google it! Anyways no offense! Bitcoin wallets are for storing bitcoins and hold a private key for security and authorization purposes.
bitcoin wallets are to keep your bitcoins safe. Initially you have a private key and a sharable address, which can be generated more.
A caution for beginners! to access your bitcoins in your wallet private key plays the vital role. Without it your wallet can't be unlocked and this is the indirect way of losing your bitcoins. So, wallets may keep your bitcoins safe but your careless can make you left with nothing.
you can download wallets on your PCs, Phone, tablets etc. providing you an easy access to your bitcoins.
A good bitcoin wallet keeps track of your transactions.
you can have more thn one bitcoin wallets. According to me and others smaller amounts should be kept in online wallets while bitcoins for long term should be saved in hardware wallet or paper wallet.
there is also another concept related to bitcoin wallets I.e. hot wallets and cold wallets. Hot wallets require internet connection while cold wallets require no internet (also called offline wallets).
the scams are every where, so don’t trust every online bitcoin wallet.
In addition to what others said, the desktop wallet also exists and the prvt key is saved in your PC's drive.
A bitcoin wallet is a vault to store your coins and yes, if you choose a reputable application your coins are secure in the wallet.
do you wanna about bitcoin wallets? So first you need to have some little bit knowledge about bitcoin history, go ahead on google or try to do search about bitcoin wallets yourself
Bitcoin wallet works an indistinguishable path from a financial balance for conventional cash i.e. stores your Bitcoin resources.
bitcoin wallet is like that a store or locker where you people can keep your money and its is secure, if you have a locker then you should definitely have its keys
bitcoin wallet is like a bank account
What's more, truly, it is a safe method for ensuring your coins as there is a multilayered security framework which is ensured by a private key,
as bitcoin is a digital currency so if we talk about bitcoin wallet that mean it’s a software where bitcoin are stored
its like a bank account but bank are not safe while bitcoin wallet are totally have a secured and safe from theft
if your key is not sharable or just you know about it then bitcoin wallet is secured
bitcoin wallets is self distinct i.e. wallets for putting away bitcoins. There are various types of wallets. Equipment, programming and paper wallets.
bitcoin wallets are to protect your bitcoins. At first you have a private key and a sharable address, which can be produced more.
To save bitcoin there are many type of wallets.
First you have to choice the type wallets,wallets are of some types online wallets,desktop wallets , Mobile software wallets, papper wallet, hardware wallets.
Which one is more secure type of wallet.
I think desktop wallets are more secure.
Hardware ware are also secure.
What will happen if hardware device will lost.
Just make the back up of that device.
If you want to select online wallet then use GreenAddress
"For hardware wallets these are good Ledger Nano S,
If you want software wallet for desktop then use Bitcoin Armory
Web base wallets are not secure.
There are Different types of wallet.
But hardware wallets are also secure.
The reason of preferring desktop wallet is they are more secure.
Hardware wallets are offline they just connect to laptop.
must keep backup of you wallet.
Bitcoin wallets divide in three different type of wallets.
Desktop wallet Green address.it, spectroCoin.
Mobile wallet Coinbase
hardware Wallet Keep key, CoolWallet, Ledger.
Paper wallet is not a real money.
It's just look like real money.
It is safe to store bitcoin in paper.
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