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Could you imagine having hundreds of thousands of dollars in Bitcoin stolen from you, because you didn’t keep it secure?
We’re going to get into cryptocurrency wallets. So if you’re curious about where and how you can store your Bitcoins digitally this is going to be your number one resource.
Why do you even need a Bitcoin wallet?
Bitcoin is a digital currency, and as Bitcoins don’t actually exist in physical shape or form, they can’t be technically stored anywhere.
what they do use instead, is actually having a device that stores your public and private key which are used to publicly access your Bitcoin address as well as your private key using it as a transaction signature.
the combination of somebody’s public key and private key together Is what makes a Bitcoin transaction possible. Now, there are several different types of Bitcoin wallets. So let’s get into every single one of them in this…