What is a Bitcoin wallet?
Bitcoin wallets come in many different variations. You will need to set up a Bitcoin wallet to send and receive Bitcoins. In recent times they have become very user friendly and easy to set up and use.
Software wallets are the most commonly used wallets and are compatible on desktop computers, mobile phones and tablets. They are generally free and can be set up in a matter of minutes. Below is a suggestion of wallets depending on your platform:
Hardware wallets are small USB devices that are extremely secure and used by Bitcoin users for extra security. These devices protect your Bitcoins by requiring additional physical on device confirmations of any outgoing transactions. The most common hardware wallets are manufactured by the following companies:
No matter which wallet you decide to use, you need to read and follow the instructions carefully upon set up to avoid any potential loss of funds.