What are bitcoin wallets?

Bitcoin wallets can be hardware products, or software running on mobile, the web or through apps. Some of the most popular bitcoin hardware wallets include Trezor and Ledger devices, while other popular bitcoin wallets include the mobile app Blue Wallet and the desktop app Wasabi Wallet .

What is a wallet and how does it work?

Aside from securing your funds, wallets offer a means to send and receive payments. You can transfer and receive funds to and from anywhere in the world at any time. For example, a friend can send you bitcoin or vice versa or you can transfer bitcoin from or to a coin exchange or other wallet.

Where should I store my Bitcoin?

You might want to store most of your bitcoin in a more secure hardware wallet, and keep some in a software wallet for convenient access for online payments. We’ll delve into these and more below. The range of bitcoin wallets available can be almost as confusing as the concept of bitcoin itself.

What are the different types of cryptocurrency wallets?

There are a number of different cryptocurrency wallets, including desktop, mobile, web, hardware, and paper wallets. These all come with their advantages and disadvantages, as we’ll see below. Desktop wallets store Bitcoin data on a desktop computer.