TYPES OF BITCOIN WALLET
A Bitcoin wallet has a private key (secret key or number), also known as a digital wallet, for each Bitcoin address stored in a Bitcoin wallet. So it can be said that it is a software program that is basically the same as a bank account that is allowed to be stored, sent, and received. This is the main reason Bitcoin wallets come in many forms. Desktop, mobile, web and hardware are the most important wallets of this type.
1
DESKTOP WALLET
It allows the user to create a bitcoin address to send, trade, sell, receive bitcoins with the help of installation software installed in the desktop like a desktop wallet. So the desktop wallet is installed on the desktop computer and gives the user full control of the wallet services and allows the private key to be stored.
2
MOBILE WALLET
It removes the barrier of desktop wallets. So when you install
any
bitcoin
wallet
application
in
your
smartphone the wallet service fulfills the same features or functions as the desktop wallet, but the biggest feature
of
the
mobile
wallet
service,
is
to
make
payments with encrypted QR codes and full control. There is facility of payment in physical stores using touch. On the safety of your coins.
3
HARDWARE WALLET
It keeps a high level of security to protect your coins by storing your coins. Its functionality is currently limited and it holds private keys electrically. Hardware wallet depends on two types of wallet service.
4
LEDGER NANO S WALLET
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5
WEB WALLET
It is the best wallet service to use anywhere, accessible from any browser or mobile browser platform and stores the private key online. This is a software wallet, so you have complete control over your bitcoins.
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