Category: 14. Wallet

Opening a Bitcoin Wallet Account

We can go to sites like coinbase.org and sign up with our name, email id and phone number. Opening a wallet account is like opening a bank account where we can send, receive and store money in bitcoins. In Coinbase, we can create multiple wallets which is a great way to...
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Hot Wallets

Hot wallets are Bitcoin wallets that run on internet connected devices like a computer, mobile phone, or tablet. Private keys are secret codes that hot wallets generate on an internet connected device. As such we cannot say these private keys are completely secure. Hot wallets are like your physical...
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Hardware Wallets

A hardware wallet is a physical electronic device to secure bitcoins. The hardware wallet must be connected to your computer or smartphone, before bitcoins may be spent. The three most popular and best Bitcoin hardware wallets are as follows − Ledger Nano S TREZOR KeepKey Hardware wallets are the preferred choice...
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Mobile, Desktop and Web Wallets

These are software apps available on mobile phones, desktops, laptops or websites that allow bitcoin transactions. For those people who use Bitcoins frequently, paying for goods and services, a mobile bitcoin wallet is a necessary tool. A mobile app runs on your smartphone, has your private keys and allows...
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Types of Bitcoin Wallets

There are several types of wallets available in the market. They can be of several types as follows Hardware Paper Mobile Desktop Web Paper Wallets A paper wallet is a piece of paper on which the public address and private address are printed, usually in the form of QR...
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What are public and private keys?

The public key is the address to which others can send you the money, while the private key is that which you will use to send money to anyone. It is important that ONLY you should know your private key; otherwise anyone who knows your private key can steal...
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Intro

As we have already discussed, Bitcoin is a virtual currency made up of 0s and 1s. They are collected and stored in a software portfolio called a wallet. A wallet identifies amount of cryptocurrency with unique addresses that are used to send and receive money. A cryptocurrency wallet is a digital wallet that...
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