Topic: What is Bitcoin Wallet? (Read 1395 times)

A bitcoin wallet is a software program that stores the record (aka private key) of every bitcoin you own. Bitcoin wallets come in many different forms, and it's important to understand them -- and how to keep them safe -- before you even start buying bitcoins.
To understand bitcoin wallets, it is helpful to review some basic foundational information. Bitcoin addresses, which are strings of letters and numbers, contain both a private and public key.
A private key gives a user the means to spend bitcoin. A public key is more like a destination that lets a user to receive bitcoin.
Because a private key holds all information needed to access a bitcoin address, one can use it to derive the public key.

It is just like a pocket wallet, or you can say it a safe locker or account , Every sort of transaction, earning, withdrawal of Bitcoin will be processed by the Btc wallet.

The private keys that are necessary for accessing a Bitcoin address are stored on a “bitcoin wallet.” In general, wallets grant you access to your public Bitcoin address and allow you to sign off on transactions, but they differ based on how you choose to access them. Factors to consider when choosing the best bitcoin wallet for you  include security, anonymity and control.

If you’ve made the decision to buy some bitcoins, you may now be asking yourself how to store the digital currency. In name, the answer is what you might expect from experiences with fiat currency. But the details require a little explanation.

The private keys that are necessary for accessing a Bitcoin address are stored on a “bitcoin wallet.” In general, wallets grant you access to your public Bitcoin address and allow you to sign off on transactions, but they differ based on how you choose to access them. Factors to consider when choosing the best bitcoin wallet for you  include security, anonymity and control.

Desktop wallets allow users to create an address for sending and receiving bitcoins and provide a place to store the private key for doing so. This can be done by downloading software to an individual computer.

Mobile wallets, accessed through apps, allow users to transact on the go. While “full Bitcoin” clients download the entire Bitcoin blockchain, mobile wallets are designed to utilize only a small fraction of the blockchain and rely on other nodes within that network to access the remaining necessary information.

Custodial wallets, which store Bitcoin keys on the internet through a third-party website, also allow users to access their bitcoins from almost anywhere. There is, however, the potential danger associated with entrusting someone else with that information.

Bitcoin paper wallet services provide users with a Bitcoin address and two QR codes, one that links to that address and another that provides the private key necessary for transferring bitcoins stored on it. The thinking is that this eliminates the digital storage of the key and, therefore, the potential of a cyber attack.

There are also wallets that store private keys on physical devices, like USB sticks, external hard drives and hardware wallets.

Ultimately, the choice of bitcoin wallet will come down to an individual user’s preferences. Whatever they decide, it will be a crucial aspect of their experience with the digital currency.

Bitcoin wallet is a bank there your work providing money or token is took a place otherwise it is a bank there you took your earn money or you will get invest money from forum.

i don't used hardware wallet. with 0,6BTC i used Coinbase wallet. Coinbase is company based in U.S

A Bitcoin wallet or more accurately "Cryptocurrency wallet" is a program/place/item which stores private key data. This private key data is the "signature" for a transaction that is recorded on the public key.

We have a detailed "Cryptopedia" which covers wallets, their purpose and the different types.

https://midcrypto.com/pages/cryptopedia

A wallet is basically the Bitcoin equivalent of a bank account.It allows you to receive bitcoins, store them, and then send them to others.There are two main types of wallets.
 1.A hot wallet is one that you install on your own computer or mobile device.You are in complete control over the security of your coins, but since they are on a device that is connected to the internet they are less secure.
 2.the second type of wallet is a hardware wallet.They maintain high levels of security to protect your coins by storing your coins offline.

Pretty much--if you’re going to hold digital currency, you’re going to need a wallet to store, send and receive your coins. 
Some wallets can simply be a software wallet running on your mobile device or desktop computer. Others exist as a hardware wallet, a flash drive or even just a piece of paper. Some digital currencies have their own dedicated wallets while others can support a multitude of different cryptos.
If you’re going to be buying, selling or trading cryptocurrencies, you will need at least one digital wallet for your assets. Owners also generally hold most of the responsibility for their wallet, meaning they can potentially lose their wallet and cryptocurrencies with no recourse. So it’s very important to understand how they work 

As i start up in bitcoin after im able to become a junior member i start up also to have my wallet and thiet are too much wallets but more of the bitcoiners used an ether wallet and i also using ether wallet so that untill now i had my own wallet that makes my account more safer because i had a wallet to hold all my bitcoin as well as a plenty of coins.

Bitcoin's wallet more then your words. Well bitcoins wallet is like a bank where we hold/save our money. In just one click you can send your money to other wallet. There's many type of wallets one of them called Software wallet and other call hardware wallet. I mostly prefer people to use hardware wallet instead of browsers. Bitcoin now days hackers are attacking and stealing your data via your browsers cookies and stole your bitcoin from browser's wallet. So to be secure i use hardware wallet where i save my all bitcoins.

bitcoin wallet is known as a digital wallet work only for online, that is in a software form 

Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.

Bitcoin wallet is a place where you can keep your Bitcoin balance safely and efficiently.

That is it. Your wallet is your storage that can be accessed by a private key.

A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. There are two main types of wallets.

A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; 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 is simply means is used to received token and send token online transaction as cryptocurrency.

bitcoin wallet is found on blockchain technology platform, where you can create an account by sign up, then undergo the necessary processes and attached your email address as a back up password, secondly bitcoin wallet is an online wallet that work in cryptocurrency on a digital way, base on the amount paid in and payout transaction with effective cash flow. 

A Bitcoin wallet is an electronic wallet which is used to store Bitcoin. It means every Bitcoin has its own private key for every Bitcoin address, that private key is stored in Bitcoin wallet of that person who owns the Bitcoin.