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If you're concerned about malicious computer hackers getting access to your wallet, then a paper wallet is one of your best options. There are many ways to get a paper wallet wrong - all of which can result in a total loss of funds. Proceed at your own risk.

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What is a Bitcoin wallet Bitwala After understanding how Bitcoin worksnaturally, the next questions revolve around cryptocurrency ownership. So, what is a Bitcoin wallet and which one is the best for you?

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Change Show wallets ideal for new users. Note: This option is unavailable based on your previous selections. Skip helper Which criteria are important to you?

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Simple cryptocurrency wallet An actual bitcoin transaction from a web based cryptocurrency exchange to a hardware cryptocurrency wallet. A simple cryptocurrency wallet contains pairs of public and private cryptographic keys.

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A Bitcoin wallet is a software program in which Bitcoins are stored. Technically, Bitcoins are not stored anywhere. For every individual who has a balance in a Bitcoin wallet, there is a private key secret number corresponding to the Bitcoin address of that wallet. Bitcoin wallets facilitate the sending and receiving of Bitcoins and give ownership of the Bitcoin balance to the user.

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This means that you can connect the wallet to your iOS or Android device and do not need a computer. It supports well over 1, cryptocurrencies. This list continues to grow each year as the community asks for support for their favorite cryptos.