What is a Bitcoin Wallet? (in Plain English)
Hello Guys and gals, my name is Ashu, And welcome to Bitcoin Whiteboard Tuesday! Every few weeks we’re going to send you a cool new Post , just like this one, explaining some basic concepts around Bitcoin. This way you can learn about Bitcoin yourself or forward these Post to friends or family members who have questions. Today’s Post is all about Bitcoin wallets and how to choose the best one. We’re going to cover a lot of topics like mobile wallets, web wallets, desktop wallets, paper wallets, brain wallets, HD wallets, multisig wallets and of course hardware wallets. So even though we’ve got a lot to talk about, don’t worry, we’ll simplify it for you, and in the end we’ll also help you choose the best wallet for your needs. Let’s get started. A Bitcoin wallet is a program to send and receive Bitcoins, store Bitcoins and monitor Bitcoin balances. Just like you need an email program like Outlook or Gmail to manage your emails, you need a Bitcoin wallet to manage your Bitcoins Wallet