What Are Bitcoin Wallets? It is a storage of a set of secret keys which are used to access the Bitcoin public address. You need the address so that you can access the public Bitcoin and carry out transactions. The set of keys stored in the Bitcoin wallet determines the amount of Bitcoins you own and how you can spend them.
Before you can transact on the Bitcoin platform, you will need a wallet where you secure private keys are stored. Bitcoins are not stored because they are a form of digital currency. You will need the keys to allow you access the public Bitcoin platform from where you can carry out transactions. The Bitcoin wallets are available in different forms. You will need them in your device before you can proceed to the Bitcoin platform and carry out transactions. Some of the Bitcoin Wallets include the following:
Physical Bitcoin wallet
It is a form of wallet where the secret keys are kept so that you can use them offline. If you prefer using Bitcoins in your offline transactions, then you will need the physical Bitcoin wallet to do so. The wallet looks more of a credit card but it
stores the secret keys you will need to transact in Bitcoins. There are different companies which manufacture the Bitcoin physical wallets and they employ the highest level of security measures to ensure the wallets are always secure.
Mobile wallets If you will like to store the information about you bitcoin revolution accounts and funds on the mobile devices, then you will need the mobile wallets. With the mobile wallets, you will just tab your phone close to the reader and the reader will access the necessary information about the secret keys so that you can pay for the services and products if you choose to pay via Bitcoins. It is a secure way of storing the important information about you Bitcoin so that you can securely pay.
Web Bitcoin wallets
The wallets are stored online in a server of a company which provides the services. If you would like to pay, then you will access the wallet online from where you can authorize different transactions. For example, if you would like to pay for goods and services online, then you will have to log into the online server where you can then carry out the transactions. There is control of third party who ensures the servers are always safe to prevent theft of your information in regard to the secret keys.
Desktop Bitcoin wallets
The wallets are downloaded after which you can store them in your desktop computer. There is no reliance on third party websites to access them. You will just download the keys and store them in your private hard drive where nobody can access them unless he or she can access the computer physically.
Hardware Bitcoin wallet
It is a form of wallet which allows users to store their secret keys in secure hardware devices. They are among the safest wallets which you can employ to achieve great safety for your Bitcoins.