Do you imagine that when bitcoin has no physical existence so how can you store this digital currency? There is a solution for the very problem, and the bitcoin is also stored in the bitcoin wallet. The bitcoin wallet is the type of wallet which is designed for safely storing bitcoin. There are various bitcoin wallets available in the market, and you can choose the one that is offering you the best services.
It is totally up to your which bitcoin wallet you want to make use of and why. If you don’t have proper knowledge about bitcoin wallets and their features, then you should surely have a look at the points that are listed below.
The desktop bitcoin wallet is the software application in which the bitcoin private keys as well as the public address as stored on your desktop. As you are aware of the fact that the address and private keys of your bitcoin wallet are stored on your desktop, then this is a more secure type of bitcoin wallet than the web wallet. The desktop wallets are secure, and the best thing is that they are highly encrypted also.
The desktop wallets are more secure after the cold wallets if we see them regarding the security offered. But the thing is that you still need an antivirus system for protecting your computer from any kind of malware attacks. It is essential for you as it can be risky if you will be making online bitcoin transactions without having an antivirus system on your desktop. Visit https://bitcoins-digital.com/ and you will be able to do bitcoin trading in the most secure way possible.
The next one that comes in the list of top bitcoin wallets is the mobile wallet. We can conclude that the mobile wallet is basically the mini version of the desktop wallet. The amazing thing is that they are the ideal option for bitcoin investors who want to have access to their bitcoin by using mobile phones. These are kinds of bitcoin wallets that are really very convenient for access. All you have to do is simply access this application on your mobile and start using your mobile bitcoin wallet. In the mobile bitcoin wallet, you also get the feature of QR code scanning.
This can be sued for sharing as well as receiving the bitcoin in a smart way. The best thing about the mobile bitcoin wallet is that they are entirely encrypted, but the thing is that it lacks security. This is because your smartphone is very prone to fraud and hack attacks, and this is the reason that you should always use the mobile bitcoin wallet carefully. If you want to increase the safety of your mobile wallet, then it is advised to you that you should keep only a small amount of bitcoin holding in the mobile wallet.
This is basically a device that can be used for securing your bitcoins. This physical device really stores your private keys as well as your public address. Some of the hardware wallets also come with the OLED screen, and it also contains side buttons. These can be used for operating the bitcoin wallet. For using the hardware bitcoin wallet, the only that you need to do is connect this device to your computer system.
You can easily connect this device with the USB port, and then you have to install an application on your device for using this wallet. The main reason behind the immense popularity of hardware wallets is their top-level security, and it has no chances of getting hacked.
A paper wallet is a pure cold storage bitcoin wallet. In this, the private keys and the QR code are printed on the appear, and it is by far not at all related to the internet. The paper wallet is the best and most secure kind of Bitcoin wallet, but it also has a drawback. The drawback is that if you lose this piece of paper or the ink on it fades with time, then you can lose your bitcoin holding. So, it is a better option to laminate the paper and then keep it safe in the locker.