4 Types of Bitcoin Wallet you need to know

[FlatterCar 696]

Thanks to the author for an interesting article about all kinds of wallets. But as for me, the topic with paper wallets with cryptocurrency is not very disclosed. That sounds weird. Personally, I use only bitcoin wallets through the phone.

[CryptoBoy20 170]

You mention electrum is a software wallet isn't electrum is a cold wallet? I though electrum is a cold wallet which is the most safest wallet.

[dmnqe07 365]

I am using right now online wallets and hardware wallets, i store some coins on online wallets, but most of my coins are in my hardware wallets which is really safer for me. you can bring your hardware wallets with you, so if its lost it is your fault. 

[Crypto123 0]

For me, I use the first type and the second type. Yes, the first type is the most used by beginners because they do not know the seriousness of this type of portfolios on the Internet are vulnerable to hacking and it is possible that there are some sites SCAM and in general they are very dangerous, the second type is much better but as you say is not Totally safe because the device may have been hacked. The third and fourth types have not been used so far.

[DORANBU0818 56]

On 10/28/2019 at 10:22 PM, xBDT Script said:

We often talk much about which wallet to use, which one is convenient to use, which one is secure, etc. I am going to share 4 types of bitcoin wallet and their features shortly.

1. Web Wallet
This is very well known to use- Coinbase, blockchain.com etc. Web wallets are very risky to use. They can be hacked any time.

2. Software Wallet
Software wallets are like bitcoin core, Electrum, Mycelium etc. These are also connected online but not web wallet. These wallets have benefits of holding seed key or private keys, These are better for daily using of BTC. Not much better for long term though.

3. Hardware Wallet
Hardware wallets are cold storage where you can hold the private key safely. This is very much recommended for long term holding of bitcoins. Example like- Ledger Nano, Keepkey etc.

4. Paper Wallet
Paper wallets are very cheapest methods for having the been fits of cold storage. It's holding the private key in a paper. This is very easier method of storing bitcoin.

Please share you thoughts.

Thank you for sharing this informqtion to us ans thank you also for putting their features. Now it is clear to me what is their difference. Thank you so much again for this. 

[ajizz 195]

16 hours ago, Bijoy said:

First of all thank you for sharing this article with us.  I think paper wallet is best.  It is cheapest wallet.And it is easy for storing bitcoin. I also read many thing about paper wallet.So I think paper wallet is best.

I think the best wallet with a cheap fee that does not exist man, all costs for withdrawing bitcoin are almost the same. if you expect to find cheap withdrawal fees on bitcoin obviously it will add a long delivery time. so you don't need to look for cheap costs that are needed to find a good wallet.

[Corrado25 9442]

The hardware wallet is good but you will have to pay little money for it. In addition, there is a risk that someone unpacked and knows the private keys. Therefore, you should watch if the protective tape is broken and no one is unpacking your wallet. I use Electup cold wallet. Very good wallet

[tranhungritc 191]

Can you show me where to buy the micro-hardware without coin, I know it's safe, but is it expensive?

[Akbor 1042]

Your information is much important to all crypto trader. before doin anything one should store his asset to a secured wallet. I use coinbase wallet also use hardware wallet for storing my asset.

[fo1lluko1l 487]

Previously, I used only web wallets, now I use wallets-applications from the Binance exchange and others, I do not see the point of using others since I do not transfer particularly large amounts.

[crypto2020 2]

What are the Different Bitcoin Wallets One Can Choose From

A Bitcoin wallet is a bank account for transacting in crypto-currencies. Without a Bitcoin wallet, you cannot send or receive Bitcoin payments. Therefore, before you get bitcoins, you will need to buy, download, or create a Bitcoin wallet.

The Bitcoin wallet is a combination of public and private key technology. The public key indicates the amount payable/receivable and the private key tied with the public key establishes the ownership. There are many different types of Bitcoin wallets but the wallets can be divided into two main categories; Hot Wallet and Cold Storage Wallet.

[cryptozalmii37 257]

This article is very much interesting and knowledgeable I think hardware wallet is best and secure way to keep your Bitcoin safe

[Sohel Rana Sazzad 453]

Every person has to have good knowledge of wallet before using crypto. If he does not have good knowledge of wallet then he will not be able to deposit his bitcoin properly and it is necessary to know which is the best and most reliable.So every person needs to know at least four wallets to store Bitcoin.

[Sagor 500]

Thank you very much for your detailed information. mainly i like to use hardware wallet for storing big amount and i put some asset to any exchange wallet for trading.

[Syedbesharat 5423]

I would like to add hardware wallets like the trezor.If you want to use a hot wallet for small amounts I would say that a mobile wallet with a secure element would be a secure enough for nominal amounts. Like the galaxy s10.

[ShakilA 373]

Thanks for sharing with us very useful information about crypto wallet.Everyone should know about 4 types of wallet.This is very helpful for you

[Apple 202]

I need bitcoin staking wallet. Has anyone has experience?

[pakjobhelp 1585]

On 10/28/2019 at 7:22 PM, xBDT Script said:

We often talk much about which wallet to use, which one is convenient to use, which one is secure, etc. I am going to share 4 types of bitcoin wallet and their features shortly.

1. Web Wallet
This is very well known to use- Coinbase, blockchain.com etc. Web wallets are very risky to use. They can be hacked any time.

2. Software Wallet
Software wallets are like bitcoin core, Electrum, Mycelium etc. These are also connected online but not web wallet. These wallets have benefits of holding seed key or private keys, These are better for daily using of BTC. Not much better for long term though.

3. Hardware Wallet
Hardware wallets are cold storage where you can hold the private key safely. This is very much recommended for long term holding of bitcoins. Example like- Ledger Nano, Keepkey etc.

4. Paper Wallet
Paper wallets are very cheapest methods for having the been fits of cold storage. It's holding the private key in a paper. This is very easier method of storing bitcoin.

Please share you thoughts.

This information is new for me and i know as for my knowledge this information useful for all those person who's use the crypto currency and trading with this currency and earn more and more profit with this currency.

This information for beginners is cream and they use this information more and more. 

[Saif588 84]

Thanks a lot for sharing such a important information.i think everyone should need to know about 4 kinds of wallet.i personally use many kind of wallet to keep my coin secure.

[Tarkin4ik 3160]

Are these all kinds of wallets that currently exist? It seems to me that this is still a small part, it seems to me to be cool if you still find out and do the second part!

[Maxtron73 3269]

Of these 4 wallets in my opinion the only one and best one as a anti-hacker is a hardware wallet like ledger nano. You are saving your keys and your crypto offline and so away from potential threats.

[pakjobhelp 1585]

The hot wallet has the unique strategy but the best wallet is which provide easy and friendly environment, a good wallet feature include easy use platform with low charges fee. There are a lot number of crypto wallet is available but you chose the simple and secure wallet.

[SuperCrypto 7193]

Hardware wallets are physical electronic devices that use a random number generator (RNG) generator to create public and private keys. The keys are then stored on the device itself and it is not connected to the internet. As such, this type of storage acts as a cool wallet and is considered one of the safest alternatives.

[scorpiali 5626]

On 12/29/2019 at 5:39 AM, Chandan kumar said:

The best Bitcoin wallet I Know is 

1) coinbase because it is easy to use for new comers.

2) binance because of its interface and high security to avoid from scammers or hackers.

3) blockchain is also a best wallet with high security.

4) any hardware wallets.

There is no Binance wallet I think you mean Trust wallet because it supported by Binance exchange , any way it's the best wallet easy to use and 

[kazumina91 148]

I know that there are two types of wallets we are and hard wallets, in essence, the wallet of reputable exchanges is also quite ok, I just lost money when idax on the floor, it hurts, and if the hardware wallet you lose bit cost to buy about 100 dollars, really safe