What is Bitcoin Wallet?

[Isaak Brenner]

Custodial wallets, which store Bitcoin keys on the internet through a third-party website, also allow users to access their bitcoins from almost anywhere. There is, however, the potential danger associated with entrusting someone else with that information.

Bitcoin paper wallet services provide users with a Bitcoin address and two QR codes, one that links to that address and another that provides the private key necessary for transferring bitcoins stored on it. The thinking is that this eliminates the digital storage of the key and, therefore, the potential of a cyber attack.

[Damian Banks]

anothar wallets:
Desktop wallets allow users to create an address for sending and receiving bitcoins and provide a place to store the private key for doing so. This can be done by downloading software to an individual computer.

Mobile wallets, accessed through apps, allow users to transact on the go. While “full Bitcoin” clients download the entire Bitcoin blockchain, mobile wallets are designed to utilize only a small fraction of the blockchain and rely on other nodes within that network to access the remaining necessary information.

[James Newman]

What is a Bitcoin Wallet?
A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. There are two main types of wallets.

A hot wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but since they are on a device that is connected to the internet they are less secure.

The second type of wallet is a hardware wallet. They maintain high levels of security to protect your coins by storing your coins offline. Offline storage keeps your coins and ata out of reach from hackers.

The two most popular hardware wallets are the Ledger Nano S and TREZOR.

[niktuneable]

Bitcoin wallet is simply a software that do the cryptographic operations to approve transactions, there you have your bitcoins and you can send-receive transactions. Is something like having your own automatic cashier in your mobile/computer.

[Uriel80]

Very good explanation. Please, if someone could explain a little more about the paper wallets, this is not very clear to me.

[Azlan2020]

Seperti halnya uang, bitcoin juga membutuhkan tempat penyimpanan yang bisa disebut dompet atau lebih populernya dengan sebutan rekening bitcoin.
Jika di ibaratkan,dompet bitcoin adalah sama halnya dengan jenis bank yang ingin anda pilih untuk menyimpan uang anda. Memiliki fungsi yang sama, yaitu sebagai tempat penyimpanan dan media transfer.

[coinxwife]

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 

Yes it is a  new way of saving money in an eletronic wallet but not in a bank anymore,you can store all your savings/crypto money through it,and its the easiest way on to send and receive to any transactions.

[thanhqn]

The bitcoin wallet is where you store bitcoin. You can transfer and receive bitcoin there. You can create thousands of bitcoin addresses. The bitcoin wallet present: coinbase-blockchain-coinpayments....

[niemsarkar]

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. Bitcoin wallets facilitate sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user.  The Bitcoin wallet comes in many forms; desktop, mobile, web and hardware are the four main types of wallets.

[ashlyvash00]

      For me bitcoin wallet is a kind of apps that can hold your bitcoin in a safe and secured. Because if you let you money in a exchanger there chances that you bitcoin will be gone there thats we need a self wallet..

[jobe101]

A bitcoin wallet is what you use to receive, send, and store your bitcoin. Just like a bank account which has an assigned, unique bank account number, your bitcoin wallet has an assigned, unique wallet address. You can use wallets from any bitcoin wallet provider you prefer. You can also open wallet accounts with as many providers as you like. 

[jhezmark]

Bitcoin wallet is needed. Because the bitcoin you earn you need to put to your bitcoin wallet to coaim it directly or you ca  keep it safely and in bitcoin wallet you can invest bitcoin you can put it in your wallet.

[Rolf Walker]

Types of wallets:
-Paper
-Mobile
-Web
-Desktop
-Hardware
Bitcoin wallets and security
Possible problems
Catching malware. Malicious software can scan your disk and find your private keys. Seconds later, all your Bitcoins can be gone.
A trojan can encrypt all the files on your hard drive. Afterwards, it might find all links to your wallets, realize how much money you own and demand that exact amount of Bitcoins to decrypt your hard drive.
A virtual exchange can run away with your money.
You can lose your laptop or your phone with your wallets installed on them.
Pieces of advice
Avoid using any kinds of wallets that require Internet connection; use cold storage options instead.
Always be cautious and double-check everything. For instance, you could receive an email made to look like it’s from BlockWallet, but it is actually from BlokcWallet. If you authorize it, your Bitcoins will disappear immediately.

[Mark Sherman]

A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. There are two main types of wallets.

A hot wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but since they are on a device that is connected to the internet they are less secure.

The second type of wallet is a hardware wallet. They maintain high levels of security to protect your coins by storing your coins offline. Offline storage keeps your coins and ata out of reach from hackers.

[ThePresident]

Bitcoin wallet, is an e-wallet, an app perhaps which allows gou to create an account for you to send and save your coins. So basically its more like a bank acct for you bitcoin. But an E-Wallet where you put your bitcoin is.

[drakegon]

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.

Well, i try to not keep my money in one single wallet. I like to use Exodus for it's user interface and Electrum. These 2 are my favorites wallets.

[DrYe5]

A bitcoin wallet is what you use to receive, send, and store your bitcoin. Just like a bank account which has an assigned, unique bank account number, your bitcoin wallet has an assigned, unique wallet address. You can use wallets from any bitcoin wallet provider you prefer. You can also open wallet accounts with as many providers as you like. 

As for web wallets, they allow you to use Bitcoins from anywhere, on any browser or mobile. The selection of your web wallet must be done carefully since it stores your private keys online. Coinbase and Blockchain are popular web wallet providers.

[ridwan99]

Bitcoin wallet great opportunity for our..Bitcoin wallet is like our bank account. bitcoin wallet for us to store or deposit. So we should make sure that we keep our private key in a secured place and not to give to anyone .

[uchiikina14]

What is bitcoin wallet?
 - You can search the meaning of the bitcoin wallet on the internet or in the Google. But for me bitcoin wallet is where receive and store BTC. Similar to a traditional wallet you may carry in your pocket, a bitcoin wallet is used to store money. The difference is that instead of storing a collection of bills and cards, a bitcoin wallet stores a collection of bitcoin private keys. Typically a wallet is encrypted with a password or otherwise protected from unauthorized access.

[Fotoriki]

Bitcoin wallet is an electronic image of a device for storing Bitcoin electronic cryptocurrency banknotes. There is stored a key that allows you to dispose of virtual money.
Typically, the keys are stored in an encrypted wallet file.dat (wallet), password protected.