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What are bitcoin wallets?

A Bitcoin wallet is a software program in which Bitcoins are stored. Technically, Bitcoins are not stored anywhere. For every individual who has a balance in a Bitcoin wallet, there is a private key (secret number) corresponding to the Bitcoin address of that wallet.

Why is it important to store your bitcoin wallet securely?

For example, they could use your private keys to send your Bitcoin to their own Bitcoin address. Your Bitcoin would then be stored in their wallet and would be secured by their own private keys, to which you wouldn’t have access. That’s why it’s very important to store your Bitcoin wallet and its private keys securely.

What happens if you lose your bitcoin wallet?

Your Bitcoin would then be stored in their wallet and would be secured by their own private keys, to which you wouldn’t have access. That’s why it’s very important to store your Bitcoin wallet and its private keys securely. Attackers aren’t the only concern. If you lose the wallet and your private keys, you’ll also lose access to all your Bitcoin.

What is the difference between a debit card and a bitcoin wallet?

For instance, debit cards have information associated with them, including an account number and a password. Each Bitcoin “account” within a Bitcoin wallet also has information associated with it. For our purposes, the two key pieces of information are the public bitcoin address and the private key.

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