BItcoin Wallet-Explained further

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Bitcoin Wallet-Explained further


At the most basic level, a bitcoin wallet is essentially something like a file that keeps track of your public and private pairs. As you might remember your private keys are the secret that only one person can have...which is you...have that allows you to "spend", and the other public keys are the addresses that we use to receive bitcoin!!

A wallet for bitcoin can actually exist on anything from you android device, apple device, pc, mac computer and even a blackberry! many people prefer to use an online wallet so they don't have to update and maintain the software. This will keep your pc or mac from being used as a node on the Bitcoin network, and prevents them from having to worry about software backups or security. others choose to download wallet software and manage it remotely however whichever you do make sure you constantly back your wallet up and take all preventative measures to prevent disaster!



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