What is a bitcoin wallet?

[Ethannecessary1760]

  If you are considering how to send bitcoin, send with something and where to store them ? Bitcoin is the answer, bitcoin is used to store data, for transactions. Anyone who uses bitcoin also creates a bitcoin wallet on their own. The way it works is that when you open the wallet, you will be provided with one or more public addresses so others can send money to that address. Some reputable sites allow you to create a wallet such as: Blockchain.info, Coinbase
  Most bitcoin storage wallets have extremely high levels of security combining multiple layers. If you want to log in you need to authenticate by email and by phone, or have a feature that allows you to print your wallet yourself for safekeeping. whole. However, you absolutely must not disclose your wallet information to anyone, because if they have login information on your wallet, they can make a transaction and steal the entire number of bitcoin in your wallet.

[1715458067]

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[1715458067]

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[ngalamunan]

  If you are considering how to send bitcoin, send with something and where to store them ? Bitcoin is the answer, bitcoin is used to store data, for transactions. Anyone who uses bitcoin also creates a bitcoin wallet on their own. The way it works is that when you open the wallet, you will be provided with one or more public addresses so others can send money to that address. Some reputable sites allow you to create a wallet such as: Blockchain.info, Coinbase
  Most bitcoin storage wallets have extremely high levels of security combining multiple layers. If you want to log in you need to authenticate by email and by phone, or have a feature that allows you to print your wallet yourself for safekeeping. whole. However, you absolutely must not disclose your wallet information to anyone, because if they have login information on your wallet, they can make a transaction and steal the entire number of bitcoin in your wallet.

in my opinion, bitcoin wallets are a wallet to save money and coins after we invest and get a lot of profits and stored in the wallet for reasons not lost or exposed to sophisticated scammers who are eyeing your money and coins. so the point is that wallets are a safe place to store coins and money that are protected from scammers

[LorenoCoin]

I have used coinbase, however, no wallet guarantees anything, no matter how secure it is, it is prone to being hacked, it is best that you know how to distribute your money in BTC, it is my opinion.

[roadwell890]

a very good explanation, which one do you recommend to save BTC for a long time
in an exchanger wallet or at Coinbase?
indeed both have their own strengths and weaknesses, but what consideration should I have in order to be safe in storing BTC in large numbers and for long periods of time

[MinerHQ]

a very good explanation, which one do you recommend to save BTC for a long time
in an exchanger wallet or at Coinbase?
indeed both have their own strengths and weaknesses, but what consideration should I have in order to be safe in storing BTC in large numbers and for long periods of time

All exchanges or any online wallets are not safe to store you a large number of coins in the long term because these wallets private keys are not under your control so your money is safeguarded by those exchange people and if they change mind then you may lose your money or if someone hacked your online wallet then also you will lose your money.

The safer wallets are paper wallets and desktop wallets to store coins for a longer term. Whenever you access these wallets make sure your PC is clean. All these wallets will have some risks but we need to find a way to overcome those risks to protect our money.

[libert19]

I have used coinbase, however, no wallet guarantees anything, no matter how secure it is, it is prone to being hacked, it is best that you know how to distribute your money in BTC, it is my opinion.

Do only you hold private keys of coinbase wallet? If no it's not secure at all. The more precautions you take, more you are shielded against attacks but yeah nothing is guaranteed.

[Binugon]

  If you are considering how to send bitcoin, send with something and where to store them ? Bitcoin is the answer, bitcoin is used to store data, for transactions. Anyone who uses bitcoin also creates a bitcoin wallet on their own. The way it works is that when you open the wallet, you will be provided with one or more public addresses so others can send money to that address. Some reputable sites allow you to create a wallet such as: Blockchain.info, Coinbase
  Most bitcoin storage wallets have extremely high levels of security combining multiple layers. If you want to log in you need to authenticate by email and by phone, or have a feature that allows you to print your wallet yourself for safekeeping. whole. However, you absolutely must not disclose your wallet information to anyone, because if they have login information on your wallet, they can make a transaction and steal the entire number of bitcoin in your wallet.

Bitcoin wallet is a place to store bitcoin in an account that has an address, where we can send or receive digital coins, each wallet must have several different layers of security, to provide an extra layer of security usually in the form of verification to the registered mobile number or in the form of a pin authenticator. the most important thing is to backup private keys that really need to be kept secret, I think a good wallet is bitcoin knots.

[alvipalangka]

Bitcoin wallet or wallet is a place where you can store your Bitcoin balance safely and efficiently. ... To create a personal wallet, you can visit special sites that do provide Bitcoin wallets such as: Blockchain.info, Hive or BitGo.and for security so that our account is not hacked using security systems like passwords

[tungaqhd]

  If you are considering how to send bitcoin, send with something and where to store them ? Bitcoin is the answer, bitcoin is used to store data, for transactions. Anyone who uses bitcoin also creates a bitcoin wallet on their own. The way it works is that when you open the wallet, you will be provided with one or more public addresses so others can send money to that address. Some reputable sites allow you to create a wallet such as: Blockchain.info, Coinbase
  Most bitcoin storage wallets have extremely high levels of security combining multiple layers. If you want to log in you need to authenticate by email and by phone, or have a feature that allows you to print your wallet yourself for safekeeping. whole. However, you absolutely must not disclose your wallet information to anyone, because if they have login information on your wallet, they can make a transaction and steal the entire number of bitcoin in your wallet.

Bitcoin wallet isn't a place to store your bitcoin, it only store your private keys and transaction history of the network, your bitcoin is on the main server.