Bitcoin Wallet – What is a Bitcoin Wallet

DEFINITION of  ‘Bitcoin Wallet’ – Get a BitCoin Wallet Now!

A Bitcoin wallet is a software program where Bitcoins are stored. In direct terms, Bitcoins are not kept in an actual physical wallet; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance. Bitcoin wallets facilitate sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user.  The Bitcoin wallet comes in many forms; desktop, mobile, web and hardware are the four main types of wallets.

bitcoin wallet

Bitcoin Wallet Explained

A Bitcoin wallet is referred to as a digital Wallet (Bitcoin Wallet). Getting a Bitcoin Wallet is the first step you must take if you are planning on getting bitcoin. Bitcoins are the digital equivalent of cash and becoming more valuable on a daily basis, a Bitcoin wallet is where your amount of bitcoins are available to you, what is stored is a lot of relevant information like the secure private key used to access Bitcoin addresses and carry out transactions. The four main types of wallet are, web, hardware, desktop and mobile .

A Desktop wallet  installed on a desktop computer or laptop  is the best way to provide the user with complete control over the wallet. Desktop wallets enable the owner  to create a Bitcoin address for sending and receiving the Bitcoins. All wallet’s allow users to store private key’s if needed.

Mobile wallets run right on your mobile device, as the latter are fixed in one place. 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. Thus a mobile wallet facilitates in making payments in physical stores by using “touch-to-pay” via NFC scanning a QR code.

Web wallet allow you to use Bitcoins from anywhere, on any browser or mobile phone and this can be very convenient. The selection of your web wallet must be done carefully since it stores your private keys online. Coinbase and Blockchain are popular web wallet providers.

Keeping your Bitcoin wallet safe is very crucial. You can encrypt the wallet with a strong password, take any and all precautions to keep your passwords safe.

Get Your FREE  BitCoin Address Instantly

Get a FREE Coinbase Bitcon Wallet and Account, Buy and Sell Bitcoins, and join their exchange. *Recommended

Get Free Bitcoins, and other alt coins, (Paid Daily, This is also a Faucet) and free web wallet on QoinPro *Recommended

Get a Free Xapo Web Wallet. Many faucets also pay instantly if you use a Xapo wallet with them.

or Choose Your Wallet from Bitcoin.com

Download Bitcoin Core and Save Your Wallet on Your Computer or Laptop.

We reccomend you get a Coinbase wallet first, then a Qoinpro account. Use a Coinbase wallet receive address to collect from faucets. If you plan on using and spending your bitcoin, you should get a downloadable wallet you can store on a hard drive (memory stick backup recommended). And send all ypour winnings there to spend it. Or just use your Coinbase online web  wallet, that is up to you, we like our wallets on our laptops.

btc_2-minBitcoin, doge_2-minDoge, ltc_2-minLiteCoin and dash_2-minDash .

Click on any of the Coins to go to their wallet download pages.

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