Jason User

When you buy bitcoin on any exchange platform, or someone wants to send you Bitcoin, you need a Bitcoin wallet to receive it. You can think of it as the virtual equivalent of your physical wallet, where you store your cash and IDs. However, a Bitcoin wallet is a digital wallet explicitly designed to hold bitcoin. Be careful not to send any other form of cryptocurrency that isn't bitcoin to your bitcoin wallet may lead to you losing that cryptocurrency. Coins noted a bitcoin wallet is something you would use to receive, send, and store your bitcoin. “All you need is an email address and a password of your choice. You will be able to send and receive payments immediately. You can think of your wallet as your bank account,” according to Coins on its website. A hardware wallet is a type of cold storage device, typically like a USB, that stores the user’s private key in a protected hardware device. These wallets are similar to portable devices that can be connected to the computer (plugged in). As noted earlier, they are less prone to malicious attacks and are hack-proof. Ledger, Trezor, and KeepKey are the top hardware wallets on the market.
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Member since: Monday, May 8, 2023