Monday 12 June 2017

4 Types of Bitcoin Wallet

There are several types of bitcoin wallet. The priceless bitcoin if you buy Bitcoin in India or anywhere in your country to store them you need to have a hot or cold wallet. These wallets are available in the bitcoin exchange in India and other.

1. Hardware Wallets

The hardware wallets are physical wallets and fall under the category of cold wallet. The wallets are portable and similar to the USB port. The port is to be plugged into the computer for the transaction.

2. Paper Wallet

The paper wallet is the suitable option to store bitcoin in the wallet. The process involves the printing out of your public and private bitcoin key on paper. It operates offline, therefore, it is a cold wallet.

3. Desktop Wallet

The desktop wallet is the wallet to secure and hold your bitcoin. even your system is offline. Access them on laptop and PCs.

4. Online Web Wallet

The are the hot wallet property the online wallet or web wallet are same. These wallets are easy to use. The key is stored in the cloud rather than your computer. You can access your wallet anytime as they are connected always with the internet on multiple devices.

No comments:

Post a Comment

Converting Bitcoin to Fiat Currency

Bitcoin is been adopted by many countries including India. People are investing and trading in bitcoin on a large scale. But the awareness ...