ᐈ What is a Bitcoin wallet | official Bitcoin exchanger BUYBank

Bitcoin Wallet

What is a Bitcoin wallet?

Bitcoin wallet is a special program designed to store cryptocurrency. For access, public and private keys are used, as well as a mnemonic phrase. This provides higher security than a bank account.

Bitcoin-wallet facilitates the process of sending and receiving BTC and gives the user the right to manage the funds on the account. The main types of wallets for storing crypto money:

  • Online
  • Local
  • Mobile
  • Hardware
  • Paper

Each wallet guarantees the highest level of security, transparency and confidentiality. Additional functions of bitcoin-wallet are the ability to control funds and verify payments made.

How to get a paper bitcoin wallet?

What happens if I lose my wallet key?