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Author Topic: What is Bitcoin Wallet?  (Read 1395 times)
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March 03, 2018, 09:54:22 AM
 #201

For the sake of simplicity it is just a box with a set of private+public key pairs. The best one is Armory that runs on the top of Bitcoin Core.

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March 03, 2018, 10:02:54 AM
 #202

Bitcoin wallet is used to enter bitcoin or transfer bitcoin. Another is mobile wallets, it can be accessed through apps, allow users to transact on the go. Another is custodial wallets, which store Bitcoin keys on the internet through a third-party website.
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March 03, 2018, 10:13:27 AM
 #203

Simple, bitcoin wallet is the wallet that used for save your bitcoin balance.
with your wallet, you can use it for send, receive bitcoin into your wallet balance.

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March 03, 2018, 10:16:13 AM
 #204

Bitcoin wallet is a wallet where you can store your bitcoin, whenever it is necessary you can redeem it.
The wallet where bitcoin is the only asset for the transaction. You can convert all other coins to bitcoin & then transfer to the wallet.
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March 03, 2018, 10:29:49 AM
 #205

It is a digital wallet in other words, if you wanna move your bitcoin you need a personal address it works like an email addres it is public. If you wanna read your email first you need to enter a web interface like gmail for ex. you also need the similar of it in bitcoin called bitcoin client. then you need to login by your email password same in bitcoin you need your private key. Private key + Bitcoin address called bitcoin wallet. My best is hardware wallets but currently they are produced limited due to the high demand to them. Because I think they are the safest storing technique.


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March 03, 2018, 10:32:41 AM
 #206

Without bitcoin wallet then we can not save bitcoin that we have, available many wallet options, such as web wallet, offline wallet, paper wallet and so on, since I know bitcoin I just store bitcoin in web wallet blockchain, Xapo and coinbase.

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XEOP$
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March 03, 2018, 10:37:29 AM
 #207

Bitcoin wallet is a wallet where you can store your bitcoin, whenever it is necessary you can redeem it.
The wallet where bitcoin is the only asset for the transaction. You can convert all other coins to bitcoin & then transfer to the wallet.

Wrong perception. Bitcoin is just  records ( in simple words) in distributed ledger. Wallet holds the keys to access those records.

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March 03, 2018, 10:39:06 AM
 #208

A Bitcoin wallet is a product program where Bitcoins are put away. To be actually exact, Bitcoins are not put away anyplace; there is a private key (mystery number) for each Bitcoin address that is spared in the Bitcoin wallet of the individual who claims the adjust. Bitcoin wallets encourage sending and getting Bitcoins and gives responsibility for Bitcoin adjust to the client. The Bitcoin wallet comes in many structures; desktop, versatile, web and equipment are the four fundamental sorts of wallets.
A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance. So, never tell/show your private key to anybody else so that it will not be stolen. A Bitcoin wallet is also referred to as a digital Wallet. Establishing such a wallet is an important step in the process of obtaining Bitcoins.

Read more: Bitcoin Wallet Definition | Investopedia https://www.investopedia.com/terms/b/bitcoin-wallet.asp#ixzz58kAXW94j
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March 03, 2018, 10:44:06 AM
 #209

There is no single application from the developer or team that created Bitcoin. But now many developers are launching and building applications to help Bitcoiners keep their Bitcoin safe and cost-per-transaction low. And you can find out about cool wallets on PC applications to securely store and protect your Bitcoin.
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March 03, 2018, 12:20:16 PM
 #210

Bitcoin wallet is the place where you store your bitcoins. Bitcoin wallet can be hacked so that I prefer to use a hardware wallet or use two factor authenticator when logging in to assured wallet is safe. Bitcoin wallet provides private key which is it will be hacked if anybody knows your private key.
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March 23, 2018, 06:07:40 AM
 #211

Bitcoin wallet is a place where you can save or stored your bitcoins or altcoins.
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March 23, 2018, 06:11:30 AM
 #212

Bitcoin wallet from the word itself,  it is a wallet for the bitcoin that you have earned.  It is the user's main storage for his/her bitcoins . The difference is just that bitcoin wallet is digital since it was meant for cryptocurrency while normal or usual wallets are not .
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March 23, 2018, 06:11:43 AM
 #213

if I think Wallet Bitcoin, is a Bitcoin place and a personal storage wallet where One can not have Bitcoin without Bitcoin Storage Wallet Bitcoin / Bitcoin Wallet Bitcoin serves as a wallet to store some cryptographic keypair or better known as Bitcoin Address (Bitcoin address). Cheesy
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March 23, 2018, 06:24:21 AM
 #214

A Bitcoin wallet is a software program where Bitcoins are stored.
To be technically accurate, Bitcoins are not stored anywhere;
there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance.

it is a technical definition about bitcoin wallet
as a simple langue Bitcoin wallet is place of bitcoins store....
 
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March 23, 2018, 06:36:24 AM
 #215

Bitcoin wallet is like your own bank but in digetal form that you can store all your bitcoin unlimited storage and you can store or withdraw your money anytime without delay and there no question, fast and more safe than regular bank today and you dont need third party to withdraw or deposit your own money.
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March 23, 2018, 06:41:32 AM
 #216

When we use Bitcoin, the first thing you need to have that is a Bitcoin wallet. Because without a wallet , you can not receive, store or spend bitcoins.
You can think of a wallet as your personal online bank account in Bitcoin network. Bitcoin wallets contain private keys, secret codes that allow you to spend your bitcoins.
A Bitcoin wallet is simply an app, website or device that manages Bitcoin private keys for you.

You can use bitcoin wallet app to secure your digital currency.
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March 23, 2018, 06:50:03 AM
 #217

Bitcoin wallet from the word itself,  it is a wallet for the bitcoin that you have earned.  It is the user's main storage for his/her bitcoins . The difference is just that bitcoin wallet is digital since it was meant for cryptocurrency while normal or usual wallets are not .
Bitcoin wallet is referred to as a digital wallet, where Bitcoins are stored, just as Bitcoins are the digital equivalent to  cash.Technically, Bitcoins are not stored anywhere; there is a private key for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance. Bitcoin wallets facilitate sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user.

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March 23, 2018, 06:57:47 AM
 #218

Bitcoin wallet is like a bank account where you can receive bitcoins, send to others and store your bitcoins.It is the place where only you can access them. 
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March 23, 2018, 07:00:34 AM
 #219

A Bitcoin wallet is a software where Bitcoins are stored. There is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance.
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March 23, 2018, 07:48:24 AM
 #220

This is like a typical wallet. Wallet A flat, folding pocketbook, especially one large enough to hold paper money, credit cards, driver's license, etc., and sometimes having a compartment for coins. Only the difference here was it is on online or need to use internet or application to be run or access. Also same as a typical wallet that you can store your money or coins. Just the good difference here it is digital. You don’t need to have it unto your hands to keep it or to use form one place to other. All you need is an application and the internet and then it will be use or access.
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