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Bitcoin wallet .. Best types, advantages and disadvantages

2018-02-12 02:47 pm | Resource: Crypto Section | No Views : 787

Bitcoin wallet .. Best types, advantages and disadvantages We will explain in detail in this lesson dear reader, what is the portfolio of Bitcoin, its benefits and types, as well as defects, if any, and what the purpose of this wallet, and the best species currently available, and then we will give you important tips, especially from the best analysts in the field of currency trading Digital.

What is the Wallet of Bitcoin?

In the beginning we need to know what we mean by the word wallet, word wallet when you think about, you will of course mean that wallet in your back pocket where you keep your money, credit cards, and other things you use daily in your life, this applies correctly to Purdue wallet.
Bitcoin trader needs a place where he keeps the coins he bought, whether it is buying or mining, and he is safe so he can spend it as he wants and when. Also, through the wallet you can send and receive currency easily and use your balance in trading on different platforms.
The wallet is like your bank account, but it is online because of the currency default, as we mentioned in the previous lesson about the currency of "Bitcoin." The wallet gives you a 34-character key to be similar to your password to access your e-money holdings.

Types of Bitcoin Wallet

Bitcoin wallet

Devices of a wallets

An electronic device, created for the sole purpose of securing your currency from piracy, the device is connected to your computer or your phone or tablet, before you spend your coins.
Purse devices are a good and preferred option for some because your keys are isolated from Internet-connected devices that are vulnerable to hacking and are fully secure even when you connect your device to a computer infected with viruses or malware.

Advantages

  1. The easiest way to store Bitcoin in a safe way.
  2. Easy to create backup.
  3. It is difficult to make mistakes when used, and their preparation is very easy even for ordinary people.

Negatives

  1. It is not free, and its price is a little expensive, the good of which exceeds $ 50.
  2. It can be lost without a backup.

Types

Trezor
Trezor Wallet
Trezor, a wallet that can be used to store a number of currencies, including Bitcoin and ethereum, is one of the safest devices on the market, making its ease of use a popular choice, costing around $ 99.
Ledger Nano S
Ledger Nano S
The Ledger Nano S is the most popular and used among the purses, and its price starts at $ 65, which can access your money without connecting it to the computer, but it is not better than Trezor, but its low price make it more popular.
keepkey
keepkey
The KeepKey wallet, released in 2015, is a proprietary device for the Bitcoin Wallet, a screen that gives you some protection and security features, priced at $ 129.

Governor of Bitcoin online

This type is the most common and used on the Internet, because of its simplicity and ease of dealing and damage, you can through one of the websites of the governor to establish a portfolio in less than minutes and get the address, and send your home to those who want to complete the purchases, Sale, as well as manage all your physical transactions.

Advantages

  1. Easy to use and most common.
  2. Most platforms offer strong protection to keep your platform.
  3. Activate several protection steps to secure your wallet completely.

Negatives

  1. Your account's encryption keys are stored on the Internet and compromised.
  2. The possibility of hacking your wallet and stealing it if you do not care about the steps of protection.
  3. The storage platform is the real owner of your money and not you.
  4. Loss of access information to your wallet.

Types

GreenAdress 
GreenAdress
GreenAdress is a multi-assertion wallet, available on the Internet, computer, Android and IOS, that cares about the security and security of your money tremendously.
Electrum
Electrum
Electrum was created in November 2011. The main features of Electrum are: Supports portfolio devices (such as TREZOR, Ledger Nano and KeepKey), and secure storage of Bitcoin using a PC that is not connected to the Internet. Electrum is a good choice for all its users whether they are beginners or experts.

Governor of Android and IOS devices

There is a wide range of Android wallets, IOS, as well as your tablet and we will mention some of them in detail but we have to explain their advantages and disadvantages first.

Advantages

  1. Easily used for in-store and other payments.
  2. Provide protection and security for your currencies in the wallet.
  3. Use your money anytime and anywhere you want.

Negatives

  1. Its only drawback is the possibility of stealing your phone and thus losing everything.

Types

Mycelium
Mycelium
It is one of the most used portfolios, because of your ease of use in sending and receiving payments, and provides a backup copy of your wallet.
Breadwallet
Breadwallet
One of the best purses for the iPhone and is the home of the company, and has been issued a special version of the operating system Android, and it provides the user with a special key control is an easy-to-use interface and is equipped with a password system.
Airbitz
Airbitz
Easy-to-use wallet, especially for iPhone and Android devices, easy to access and easy to backup.
GreenBits
GreenBits
Is a fully-encoded Android version of GreenAddress, a multi-assertion portfolio that supports portfolio devices such as TREZOR and Ledger.
Bitcoin Wallet
Bitcoin Wallet
It is the first mobile phone portfolio, the safest, because of its direct connection to the Bitcoin network, and its facade is characterized by simplicity and the right amount of features it nominates to be one of the best conservatives ever.

Paper wallet

Paper wallet
Paper wallet is just a piece of paper that contains the currency address and private key that is accessed using the QR code.

Advantages

  1. Cold storage is not connected to the Internet, which reduces the risk of piracy.
  2. It is one of the cheapest options for cold storage

Negatives

  1. The most complex portfolios are not recommended for ordinary people to obtain.
  2. If it is lost, you can’t restore your access to your currency because there is no backup.

Important Tips

Tradingpeek, Dear Reader, provides important tips for you to take into account when creating your online wallet:
  1. Create your own keys in a secure and offline environment.
  2. Make a backup copy of your own keys, ensuring you can protect against the loss of your hard disk drive, other problems, or accidentally.
  3. Encrypt the wallet for extra safety, to avoid theft.
So, dear reader, we have finished studying the wallet of Bitcoin, we hope that the lesson will include all the Meidor in your head towards the wallet of Bitcoin, and we will talk in the following lessons about other electronic currencies and types of wallet.

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