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Author Topic: What is Bitcoin Wallet?  (Read 1395 times)
gulechain
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January 22, 2018, 07:42:59 AM
 #21

Many types of wallet, different functions, according to blockchain data maintenance, we can divide the wallet into:
1. All nodes (such as the bitcoin-core core wallet) maintain all the blockchain data (currently above 50GB), completely decentralize and synchronize all the data;
2.SPV light wallet (as compared to too), only to maintain their own blockchain data, basically decentralized (to rely on other nodes in the bitcoin network), only to synchronize their own data;
3. Centralized wallet, do not rely on bitcoin network, only rely on their own centralized server, do not synchronize the data, all the data from their own centralized server
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bunsd
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January 22, 2018, 07:47:24 AM
 #22

Bitcoin wallet allows you to trade with the world. It allows you to have exclusive bitcoin addresses that can be used to receive bitcoins from other people and to pay for others. Like e-mail, bitcoin can be received even when offline, and all wallet software is compatible with each other.
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January 22, 2018, 07:48:55 AM
 #23

Private keys needed to access a Bitcoin address are stored on a “bitcoin wallet.” Specifically, wallets will allow you access to your public Bitcoin address and sign off on transactions. Few factor to keep in mind when choosing the best bitcoin wallet are anonymity, control and security.
Superpacman
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January 22, 2018, 07:50:36 AM
 #24

Bitcoin wallet is a sotfware where can you  store your BTC
- it allow to received btc
-withdraw
-varying in terms of safety and security
you have to keep/make a copy for your private key(private) and wallet address.
johnlhy251
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January 22, 2018, 07:52:09 AM
 #25

Bitcoin Wallet is like the physical wallet where money stores. And Bitcoin is like the fiat.
jose111
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January 22, 2018, 07:56:28 AM
 #26

BITCOIN wallet is bank that might be your better privacy.Bitcoin wallet is your way to save your bitcoin and to withdraw.Each Bitcoin wallet have a code   :)bitcoin wallet is like a ethereum wallet it has a privacy code that your  the one who knows that code. and if your withdraw you need  Smiley

Yes, bitcoin wallet is what you use to receive, send, and store your bitcoin.Setting up a bitcoin wallet is very easy and takes just a few seconds.
All you need is an email address and a password of your choice. You will be able to send and receive payments immediately.
Zyborg
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January 22, 2018, 08:04:27 AM
 #27

BTC Wallet is like a storage of your BTC Online.You have proper secret code for your this BTC wallet.You can receive,withdraw BTC through this Online wallet Account.Its like your bank account.With secret code you can use your BTC Wallet.You can download this BTC Wallet from net and can save it on your computer or you can save it online.Online saving is risky.
MilkBi
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January 22, 2018, 08:10:29 AM
 #28

Bitcoin E-wallet is your bitcoin store, Bitcoin E-wallet allows you to trade with the world and it can be used to get bitcoin from others and pay for others, electronic wallet bitcoin. Not a credit card used to debit a certain business. And the important factor to keep in mind when choosing the best wallet is anonymity, security and control.
kioicoin
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January 22, 2018, 08:55:47 AM
 #29

We use. Bitcoin wallet to send, accept or pay,  it's like also same with atm 🏧 where you use them to send or received money specially to places where in you cannot just travel to give the money itself... And since bitcoin is a digital currency we need digital wallet to store them. Right?

Bitcoin wallet is actually a total net billing system, your bitcoin balance is actually your bill balance.
RACallanta
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January 22, 2018, 09:03:15 AM
 #30

A bitcoin wallet is like a bank that we invest or store our bitcoin. Here at the philippines we use the coins.ph for investing my bitcoin. And i love it because i know my bitcoin is secure as i want. On your country, what did you used wallet for your bitcoin? Thank you very much..

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shagor106
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January 22, 2018, 09:18:29 AM
 #31

bitcoin wallet is a most popular in our country.best of the bitcoin wallet storrage bitcoin save the money.many other person like to bitcoin wallet.so it is a bank system wallet in our countries now.
Klestar
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January 22, 2018, 09:30:57 AM
 #32

Bitcoin wallet is where you bitcoins can be store like banks for our fiat currency, It is also used to do transactions such as send and receive of bitcoin. Here in Phillipines the most popular local bitcoin wallet is Coins.ph where you can send Php to php, Bitcoin to bitcoin or Bitcoin to php with just a slide of your hand, it really work efficiently with secured features and easy accessible interface.
engrlodi
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January 22, 2018, 09:32:18 AM
 #33

Bitcoin wallet is where you store your bitcoin in the safe place. It is just like wallet where you store it, and you can withdraw or deposit more bitcoin. It is like a bank where you save your money but in bitcoin wallet is in the digital world where you can't actually hold. By saving in the bitcoin wallet, you need sometimes a private key to have your bitcoin is in the safe place. Don't share your bitcoin private key because this the most important and keep in the secured place.

megatrix
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January 23, 2018, 10:08:30 AM
 #34

We use. Bitcoin wallet to send, accept or pay,  it's like also same with atm 🏧 where you use them to send or received money specially to places where in you cannot just travel to give the money itself... And since bitcoin is a digital currency we need digital wallet to store them. Right?

He already said it all. This is where you can store or save the bitcoins you have earned and you will be able to pay with it by converting it into money either cashing it out or pay through it right away.

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Wittycoin
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January 23, 2018, 10:11:17 AM
 #35

Bitcoin wallet is a digital wallet where you can store, hold, and transfer your bitcoin.
kitkat04
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January 23, 2018, 10:15:07 AM
 #36

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.
Bitcoin wallet is an online wallet use to store, keep and protects your bitcoin from different matters.

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TiffanyLien23
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January 24, 2018, 12:36:36 AM
 #37

Bitcoin wallet is a an online wallet that you can hold your bitcoin. You can transfer it to another bitcoin wallet or save it as well. It contains a password that you should have to be keep and be carefull on not to posr it any sites because it may loose your bitcoin if someone will hack it.
DrGuns4Hands
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January 24, 2018, 12:38:14 AM
 #38

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.
Asuspawer09
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January 24, 2018, 12:42:14 AM
 #39

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.

What you have said was all right. For me, it is like the usual wallet yet a most innovative one. The wallet would count what you have, which is less hassle. This also secures on its own since you don't have to bring this one as a pack of coins or any fiat. It is handy as it can be since it is virtual and coyld be set through mobile phone or ant source of internet. I can say it is a good thing to have specially when you're really into bitcoin.

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jeribean
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January 24, 2018, 12:43:48 AM
 #40

Where you can receive, store or spend bitcoins.
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