Bitcoin Wallet Explained

bitcoin themed wallet

Bitcoin wallet is used to store your bitcoins. There are different kinds of wallets that you can use to store your coins. There are online and offline wallets as well. It’s up to you what kind of wallet you want to use. In an offline wallet you need to download a wallet software on your computer, extract it on which directory and folder that you want and set your password. When you open your wallet for the first time it will update buy you can get your wallet address in the receive coin tab.

Offline wallets are safe, you have complete control of your coins. Before you setup your offline wallet be sure that you computer is safe for malwares and viruses and be sure to back up your wallet and saving your backup in a USB, so even if your computer’s hard drive broke you wont have any trouble restoring your wallet.

Online wallets are safe also. You need to register in a website that offers a cryptocurrency faucet with your email address, a password and phone number. There are different online wallet and they offer different service. For example: CRYPTO PAY is an online wallet that offers members to acquire their card. In which members can use to withdraw their bitcoin in an ATM machine already converted into USD. Conversion depends which country are you in. If you withdraw money from and ATM in Europe the your bitcoin will be converted in Euro. In some online wallet they provide built in exchange, so you can exchange bitcoin with other altcoins and vice versa. Here is an example: CRYPTONATOR