Bitcoin “wallet” is simply a virtual wallet for storing Bitcoins. The function of a wallet is similar to that of a real bank account, and is sometimes referred to as an “account” in Bitcoin.
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You can deposit Bitcoin like opening a bank account and depositing money.
Also, it is used in combination with what is called a “bitcoin address”, which plays the role of an account number when using bitcoin.
Bitcoin is the only thing that can be traded with someone.
This bitcoin address is used in the same way as an email address, so please be aware that if the person you are sending money to also does not have this bitcoin address, you will not be able to send money.
There are various types of important “wallets” for such Bitcoin.
・ a wallet that can be used on a desktop computer
・ a wallet that can be used on a smartphone terminal
・A wallet that can be used on the Internet
・A wallet that can be used on an analog basis
・A wallet that can be used on a dedicated terminal and, of course, each one is unique.
Here are some typical wallets.
Types and characteristics of Bitcoin “wallets”
Here are 5 types of wallets that are easy to use, even among a wide variety of Bitcoin wallets.
(1) Desktop wallet
This is a wallet that you can install and use on your own computer, but you can run it without being connected to the internet.
Once installed, you can use the bitcoin system in various wallets. Know more about xrp marches towards next target
As a precaution, there is a possibility that the wallet will be stolen due to viruses, so we recommend that you use it after taking measures such as installing security software.
(2) Mobile wallet
- This is a wallet that downloads and uses a dedicated app on your Smartphone.
- It is perfect for those who want to use Bitcoin at physical stores.
However, considering the situation of losing the Smartphone itself, it seems good to store a small amount of Bitcoin.
(3) Web wallet A
Wallet that can be easily created on the Internet. The feature is that there is no troublesome setting and it can be made very easily and smoothly, but it seems that it is better to pay attention to security here as well.
No matter how much you are aware of information leakage, if the site itself is attacked, you may lose the deposited bitcoins or the server may drop and become suspended.
It seems good to keep the web wallet as small as possible before using it.
(4) Paper wallet
- Analog-based wallet that is strong in security.
- A paper wallet is a paper on which a Bitcoin address and password are printed.
- Once you withdraw Bitcoin from the address written on this paper wallet, that wallet will not be available.
(5) Hardware wallet
- Bitcoin can be stored in a dedicated terminal and used on the dedicated terminal.
- Some of them can be connected to smart phones and PCs, so they are very convenient.
- Also, since it can be used offline, it is as strong in security as a paper wallet.
However, many dedicated terminals are expensive, so be careful when handling them.
It is safe because you can manage the actual item at hand. For those who want to emphasize usability anyway, we recommend web wallets and mobile wallets. There is some concern about security, so in either case, use a small amount of money or take proper measures.
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If you want to use various wallet functions, why not use a desktop wallet?
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It can be used offline, so depending on how you use it; you can trust it in terms of security.
It would be nice to be able to choose one in consideration of what you want to emphasize.
We introduced the points you need to know in order to trade Bitcoin (BTC), such as the mechanism and usage of Bitcoin address, the role that private key and public key play. Blockchain technology, which is the basis of Bitcoin (BTC) technology, is very strong, but not perfect.