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What is Bitcoin?

Started by admin, Oct 28, 2019, 04:36 pm

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admin

Oct 28, 2019, 04:58 pm #45 Last Edit: Apr 20, 2020, 06:47 am by admin
Bitcoin wallet.
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About BitcoinOfficial.org.
BitcoinOfficial.org is a simple and free Bitcoin wallet online.
We created a Bitcoin Official wallet in accordance with the principles laid down by Satoshi Nakamoto, the creator of Bitcoin:
The funds are safe and under your complete control. Light bitcoin wallet, download is not necessary. Open access to private keys and full control over the commission. Fully anonymous Bitcoin Wallet, no personal identification is required. Fast transactions in the Bitcoin network. No one can block your account. Instant registration of a bitcoin wallet.
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admin

Download a wallet.
Getting started with Bitcoin Cash is super easy. The first step is to download a wallet so that you can begin participating in the Bitcoin economy. Most wallets are free to download and are easy to use that have a few key features such as sending, receiving, storing funds securely, transaction lookups, and more.
Featured Wallets.
Start using the Bitcoin.com Wallet for a simple, secure way to send and receive Bitcoin. The wallet supports both Bitcoin Cash (BCH) and Bitcoin Core (BTC), allowing users to switch between the two different currencies effortlessly.
Yenom is a simple, beginner friendly Bitcoin Cash only wallet. Great for family or friends using Bitcoin Cash for the first time! It’s the simplest way to send or receive Bitcoin Cash. Anyone can easily give it a try using Yenom.
Your private keys are encrypted and never leave your computer. Your funds can be recovered from a secret phrase. Electron Cash is fast, because it uses servers that index the Bitcoin Cash blockchain. You can export your private keys and use them in other Bitcoin Cash clients.

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The official wallet app by Bitcoin.com.
Manage Bitcoin Cash (BCH) and Bitcoin Core (BTC) in one secure app.
Total coin control.
Our non-custodial wallet app prevents anyone but you from accessing your coins.
Digital currencies simplified.
Send, receive, and store both BCH and BTC in the same secure app.
One app, multiple wallets.
Create specific BCH and BTC wallets to manage your chosen digital currencies.
Make instant global payments.
Send and receive any amount of Bitcoin Cash (BCH) and Bitcoin Core (BTC) anywhere in the world. Transactions move much faster without banks slowing things down.
Buy Bitcoin with ease.
Purchase Bitcoin Cash (BCH) and Bitcoin Core (BTC) directly to your wallet with a credit or debit card. It’s quick, simple, and secure.
Spend Bitcoin Cash (BCH) online and in-store.
In your area.
Discover nearby brick-and-mortar merchants where you can pay with Bitcoin Cash (BCH) simply by scanning your wallet app at checkout.
On the Web.
Browse online businesses accepting Bitcoin Cash (BCH) payments and spend your coins on everything from flight tickets to Amazon essentials.
Are you a merchant? Accepting Bitcoin Cash (BCH) can boost your business.
Download the Bitcoin.com wallet app for free now.
Are you looking for a desktop wallet? We recommend the Badger Wallet.

admin

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WHAT IS BITCOIN?
Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
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admin

Download a wallet.
Getting started with Bitcoin Cash is super easy. The first step is to download a wallet so that you can begin participating in the Bitcoin economy. Most wallets are free to download and are easy to use that have a few key features such as sending, receiving, storing funds securely, transaction lookups, and more.
Featured Wallets.
Start using the Bitcoin.com Wallet for a simple, secure way to send and receive Bitcoin. The wallet supports both Bitcoin Cash (BCH) and Bitcoin Core (BTC), allowing users to switch between the two different currencies effortlessly.
Yenom is a simple, beginner friendly Bitcoin Cash only wallet. Great for family or friends using Bitcoin Cash for the first time! It’s the simplest way to send or receive Bitcoin Cash. Anyone can easily give it a try using Yenom.
Your private keys are encrypted and never leave your computer. Your funds can be recovered from a secret phrase. Electron Cash is fast, because it uses servers that index the Bitcoin Cash blockchain. You can export your private keys and use them in other Bitcoin Cash clients.

admin

Bitcoin Wallet.
A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance. Bitcoin wallets facilitate sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user. The Bitcoin wallet comes in many forms; desktop, mobile, web, and hardware are the four main types of wallets.
Breaking Down Bitcoin Wallet.
A Bitcoin wallet is also referred to as a digital Wallet. Establishing such a wallet is an important step in the process of obtaining Bitcoins. Just as Bitcoins are the digital equivalent of cash, a Bitcoin wallet is analogous to a physical wallet. But instead of storing Bitcoins literally, what is stored is a lot of relevant information like the secure private key used to access Bitcoin addresses and carry out transactions. The four main types of wallet are desktop, mobile, web, and hardware.
Desktop wallets are installed on a desktop computer and provide the user with complete control over the wallet. Desktop wallets enable the user to create a Bitcoin address for sending and receiving the Bitcoins. They also allow the user to store a private key. A few known desktop wallets are Bitcoin Core, MultiBit, Armory, Hive OS X, Electrum, etc.
Mobile wallets overcome the handicap of desktop wallets, as the latter are fixed in one place. These take the form of paid apps on youOnce you run the app on your smartphone, the wallet can carry out the same functions as a desktop wallet, and help you pay directly from your mobile from anywhere. Thus a mobile wallet facilitates in making payments in physical stores by using "touch-to-pay" via NFC scanning a QR code. Bitcoin Wallet, Hive Android, and Mycelium Bitcoin Wallet are few of the mobile wallets. Bitcoin wallets do not generally work on both iOS and Android systems. It's advisable to research your preferred mobile Bitcoin wallet as several malware softwares posing as Bitcoin wallets are an issue.
As for web wallets, they allow you to use Bitcoins from anywhere, on any browser or mobile. The selection of your web wallet must be done carefully since it stores your private keys online. Coinbase and Blockchain are popular web wallet providers.
Hardware wallets are by far the most secure kind of Bitcoin wallet, as they store Bitcoins on a physical piece of equipment, generally plugged into a computer via a USB port. They are all but immune to virus attacks, and very few instances of Bitcoin theft have been reported. These devices are the only Bitcoin wallets which aren't free, and they often cost $100 to $200.

admin

The 7 Best Bitcoin Wallets of 2019.
Protect your investments.
Image by Theresa Chiechi © The Balance 2019.
We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting links within our content . Learn more about our review process .
Bitcoin has taken the world by storm, offering a currency alternative to the government-backed currencies we all know from daily use. Proponents argue that the digital currencies are easier, safer, and offer better privacy than traditional currencies. Because the value of a Bitcoin compared to the U.S. dollar and other currencies has skyrocketed over the years, it has shown up on some people's radar as an investment opportunity as well.
Before you put a dollar into Bitcoin or any other cryptocurrency, it is important to understand the risks. Bitcoin could easily double in value over the next few years, but it could just as easily drop to near zero in value. Only put in what you can afford to lose because there is a chance you won't get it back. If you understand the risks and you're ready to move forward, any of these best Bitcoin wallets should have you covered.
Coinbase is one of the easiest ways to buy, sell, and hold cryptocurrencies, which earns it the first spot on this list. With Coinbase, you can connect to a U.S. bank account and easily transfer dollars in or out of your wallet. You can use those dollars, or transfer in new ones, to buy and sell. In addition to Bitcoin, Coinbase currently supports Bitcoin Cash, Ethereum, and Litecoin. There are constant rumors of additional currencies like Ripple getting support from Coinbase as well.
While the big upside of Coinbase is ease of use, that is offset with some worries about security. Mt. Gox was at one point the dominant platform for Bitcoin and other currencies. That is until it was hacked and lost nearly half a billion dollars in user currency. But Coinbase did learn from Mt. Gox's loss, and has very firm security in place, and regularly updates and improves the entire user experience.

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Bitcoin Wallet.
Bitcoin Wallet is easy to use and reliable, while also being secure and fast. Its vision is de-centralization and zero trust; no central service is needed for Bitcoin-related operations. The app is a good choice for non-technical people.
Control over your money.
This wallet gives you full control over your bitcoins. This means no third party can freeze or lose your funds. You are however still responsible for securing and backing up your wallet.
This wallet uses SPV and the Bitcoin network. This means very little trust in third parties is required when verifying payments. However, it is not as secure as a full node like Bitcoin Core.
This wallet is open-source and built deterministically. This means any developer in the world can audit the code and make sure the final software isn't hiding any secrets.
This wallet is loaded on mobiles where apps are usually isolated. This provides a good protection against malware, although mobiles are usually easier to steal or lose. Encrypting your mobile and backing up your wallet can reduce that risk.
Prevents spying on your payments.
This wallet makes it harder to spy on your balance and payments by rotating addresses. You should still take care to use a new Bitcoin address each time you request payment.
Discloses limited information to peers.
Peers on the network can log your IP address and associate your payments together when receiving or sending payment.
Tor not supported.
This wallet does not let you use Tor to prevent attackers or Internet service providers from associating your payments with your IP address.
Full control over fees.
This wallet gives you full control over fees. This means that this wallet allows changing the fees after funds are sent using RBF or CPFP. This wallet also provides fee suggestions based on current network conditions so that your transactions are confirmed in a timely manner without paying more than you have to.

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Get a Bitcoin Wallet.
Are you a new Bitcoin user ?
Or have you been using Bitcoin for a while and want to upgrade your security practices? Then keep reading!
Types of Wallets.
There are many different ways to use Bitcoin and so there are many different types of wallets:
Online bitcoin wallets. Wallets that can be accessed on the web from any internet connected device. Bitcoin hardware wallets. Physical devices designed to secure bitcoins. Software wallets. Wallet applications downloaded to your phone, computer or tablet. Paper wallets. Bitcoin private keys printed from an offline computer.
By the end of this article you'll understand Bitcoin wallets and have a better idea about which type is right for you. Here are some factors to consider:
On the go? If you are making payments in person and not online then a mobile wallet like Copay (iOS & Andro >
Atomic Wallet.
Atomic Wallet is a fully decentralized, non-custodial multicurrency wallet, supporting over 300+ coins and tokens. Atomic provides an interface that allows you to not only manage, but also exchange and buy cryptocurrencies without using external services. The wallet has a built-in decentralized orderbook enabling users to exchange BTC, LTC and QTUM using the Atomic Swap technology. Atomic Wallet provides users with a 12-word mnemonic seed, so they get full access to their funds. All private keys are encrypted on an end device.
Copay.
Copay is a Bitcoin wallet by Bitpay and available on iOS, Android, Windows Phone, Linux, Max OS X, and Windows. Because Copay is available on multiple platforms, it's easy to use the same wallet or accounts across multiple devices.
Copay's simple, clean user interface makes it a good choice for new Bitcoin users. Copay is also a good option for businesses due to a shared account feature, which requires a certain number of users to sign each transaction. Two co-founders, for example, could create a 2 of 2 wallet where both will be required to sign each transaction.
Hardware Wallets.
Hardware wallets are small computers or smartcards built with the sole purpose of generating Bitcoin private keys offline. Hardware wallets securely sign transactions in the same offline environment.
COLDCARD Wallet.
Coldcard is an easy to use, ultra-secure, open-source and affordable hardware wallet that is easy to back up via an encrypted microSD card. Your private key is stored in a dedicated security chip. MicroPython software design allows you to make changes. It goes above and beyond, by giving you the option to sign transactions fully Air-Gapped/Offline via MicroSD (PSBT-BIP174)
Coldcard is different than other wallet. No specialized software required. It accepts standard PSBT transaction (BIP 174) stored on an MicroSD card. No companion 'app' on your computer, works with the major wallets already (Electrum, and more to come). It's cheap! Simple packaging, plain design, no fancy boxes, no redundant cables. It's ultrasecure! Real crypto security chip. Your private key is stored in a dedicated security chip, not the main micro's flash. Easy back-up! MicroSD card slot for backup and data storage. This allows truly offline signing, by transferring the unsigned/signed transactions on sneakernet. Open source software design runs Micropython and you can change it.
Ledger Nano.
The Ledger Nano is a smartcard based hardware wallet. Private keys are generated and signed offline in the smartcard's secure environment. The Nano is setup using the Ledger Chrome Application. A random 24-word seed is generated upon setup and backed offline by writing it down on a piece of paper. In case of theft, damage or loss, the entire wallet can be recreated with the seed. A user selected PIN code is also assigned to the device to protect against physical theft or hacking.
The Ledger Nano may be used on any computer, or Android phones with Mycelium or GreenBits.
TREZOR.
The TREZOR differs from the Ledger Nano in that it's a very tiny computer rather than a smartcard. Private keys are still generated offline.
TREZOR also generates a 24-word seed upon setup. The TREZOR has its own built in screen where the seed is displayed and copied down during backup. Since the TREZOR is an offline device it offers extra security since the seed isn't displayed on an online computer.
An additional passphrase can be added to the 24-word seed. This provides extra protection, since anyone who finds someone else's 24-word seed is free to access the funds. If the optional passphrase is added, an attacker still wouldn't be able to access funds without both the seed AND the passphrase. If the passphrase is forgotten, it cannot be recovered.
OPENDIME.
The first Bitcoin Bearer Bond or called a Bitcoin Stick. Opendime is a small USB stick that allows you to spend Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one.
Acts like a read-only USB flash drive. Works with any computer, laptop, and phone.
A QR Picture and Text file inside contain Bitcoin address and support.
The private key is generated inside the device, and is never known to any human, not even you!
The Bitcoin world changes fast but Opendime is built on the fundamental Bitcoin features that have not changed in five years.
Give an Opendime to anyone and they don't need to worry that you can take back the funds later.
You have got the private keys in the device. This is physical Bitcoin as it was meant to be to just hand it to someone and they have got it.
Pass it on multiple times! Simple as a handshake. No miner fees, no confirmation delays.
Uses Bitcoin message signing, normal (non HD) bitcoin payment addresses and private keys in WIF format.
Ledger HW.1.
The Ledger HW.1 is a more affordable version of the Ledger Nano.
Ledger Unplugged.
The Ledger Unplugged is a credit card-size wireless hardware wallet. Private keys are generated offline. Transactions are signed on the device and sent to a mobile phone via NFC.
The Ledger Unplugged is ideal for everyday use, since the device fits perfectly into wallets and no OTG cable is required.
Online Bitcoin Wallets.
Online Bitcoin wallets, or web wallets, store your private keys online. Wallets can only be accessed with a user-set password.
GreenAddress.
GreenAddress is a multisig web wallet, with apps available for Chrome, iOS, and Android.
SpectroCoin.
SpectroCoin is an all-in-one solution for Bitcoin. Services offered include a wide range of Bitcoin solutions, from exchange to Bitcoin e-wallet.
Mobile Wallets for Andro >
Atomic Wallet (Andro > Learn More Download.
Atomic Wallet is available on Google Play and fully optimized for Android devices. The app provides the option to seamlessly manage and exchange 300+ coins and tokens. Private keys are encrypted on users' device and never leave it.
breadwallet (Andro > Learn More Download.
Breadwallet started out as the most popular wallet for iPhone, and now it is also available for Adroid devices running Android 6.0 or higher. The simplicity and easy-to-use security makes it a great place to start for users who are new to bitcoin.
Mycelium (Andro > Download.
Mycelium is a favorite among experienced Bitcoin users. It's an HD wallet with many advanced features, like support for hardware wallets TREZOR and Ledger, watch-only accounts, cold storage spending, and Tor.
Bitcoin Wallet.
Bitcoin Wallet was the first Bitcoin wallet for Android. It's simple, easy to backup, and connects directly to the Bitcoin network with SPV.
Airbitz.
AirBitz is another Bitcoin wallet that's great for everyday use. It's integrated with Fold, meaning you can get 20% discounts at Starbucks from within the wallet.
Airbitz manages accounts with usernames and passwords, but doesn't have access to your funds. This type of account creation is easier for less technical users who may have trouble backing up or understanding HD seeds.
GreenBits.
GreenBits is the native version of GreenAddress. It's fast, simple, and supports hardware wallets TREZOR and Ledger Nano/HW.1.
Mobile Wallets for iOS.
breadwallet (iOS)
Breadwallet's combination of simplicity and security has made it the most popular iOS wallet. iPhone users in search of their first Bitcoin wallet should find Breadwallet easy to understand.
Copay.
Copay is available in the App Store. Click here for more details.
Airbitz.
AirBitz is also available in the App Store.
Desktop Wallets.
Desktop wallets are software wallets that are downloaded and installed on your computer. The desktop wallets below are available on Mac OS X, Windows, and Linux.
Paper Wallets.
Paper wallets were the standard method of cold storage before hardware wallets were built. Paper wallets are private keys printed out on a piece of paper. If generated and printed with a secure, offline computer, paper wallets are secure cold storage.
The main problem with paper wallets is it can be inconvenient to create and print a new wallet each time you send funds to cold storage. However, it's possible to bulk print paper wallets to save time and eliminate address reuse. Our cold storage guide explains step-by-step how to create a secure paper wallet.
Best Practices.
Bitcoin lets you control your money, meaning you are responsible for both your money's security and your financial privacy. Here are some steps you can take to ensure your privacy and security:
Control your private keys.
Services like Coinbase and Circle offer "Bitcoin wallets", but in reality control your private keys. It's best to use a wallet where you control your private keys. This is the only way to have full control of your funds and not have to rely on third parties for security.
Protect your privacy.
Each time you request blockchain data from a wallet, the server may be able to view your IP address and connect this to the address data requested. Each wallet handles data requests differently. If privacy is important to you, use a wallet that downloads the whole blockchain like Bitcoin Core or Armory. Tor can be used with other wallets to shield your IP address, but this doesn't prevent a server from tying a group of addresses to one identity. For more information, check out the Open Bitcoin Privacy Project for wallet rankings based on privacy.
Don't reuse addresses.
Most Bitcoin wallets today automatically create a new address for each transaction. Since all Bitcoin transactions are public, address reuse makes it easy for others to group transactions and understand which payments are connected to one identity.
Use different wallets for different sums of money.
Just like you don't walk around with your savings account as cash, there are different Bitcoin wallets that should be used depending on how much money is being stored or transferred. Secure wallets like paper wallets or hardware wallets can be used as "savings" wallets, while mobile, web, and desktop wallets should be treated like your spending wallet.
Create multiple secure backups.
Users should create multiple backups of their wallets. Backups should be kept in separate physical locations in the case of fire or water damage. Paper wallets can be laminated or written in metal for extra protection.
How to Store Bitcoins.
Earlier it was mentioned that there are four types of Bitcoin wallets: online wallets, hardware wallets, software wallets, and paper wallets. These four categories can be broken down further into different kinds of storage and security:

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Hot Wallets.
Hot wallets refer to Bitcoin wallets used on internet connected devices like phones, computers, or tablets. Because hot wallets run on internet connected devices there is always a risk of theft. Think of hot wallets like your wallet today. You shouldn't store any significant amount of bitcoins in a hot wallet, just as you would not walk around with your savings account as cash.
If only used with small amounts, hot wallets should be used for your everyday Bitcoin needs. One may, for example, want to keep $200 worth of bitcoins in a hot wallet for spending, with $10,000 locked away in cold storage.
Custodial Services.
Although often called Bitcoin wallets, services like Coinbase and Circle aren't true Bitcoin wallets. Customers private keys are held by these third party services, meaning users don't really have control of their money.
As Bitcoiners often say: "if you don't control the keys, you don't control the coins". Mt. Gox is an extreme example, but one that illustrates the importance of holding private keys. Gox was the first and largest Bitcoin exchange up until 2013. Thousands of users stored more than 800,000 bitcoins in their Gox accounts.
At the time, one may have claimed to have 1,000 bitcoins in a Gox account. While true at the time, as soon as Mt. Gox claimed to have been victim of theft users with bitcoins in their accounts were left empty handed.
Services like Coinbase and Circle may in fact use good security practices and there's a chance your bitcoins are safe. But by storing bitcoins with a third party you are always taking on additional risk.
Cold Storage.
Cold storage is achieved when Bitcoin private keys are created and stored offline. Private keys stored offline are more secure since there is no risk that a hacker or malware could steal your coins.
There are three ways to create cold storage: paper wallets, hardware wallets, and software wallets run on offline computers. Think of cold storage as your savings account. Use it to securely store bitcoins that you don't plan to spend.
Multisignature Wallets.
Multisignature wallets like Copay make it easier to share control of bitcoins between multiple parties. If created offline, multisig can also make cold storage more secure.
Multisignature wallets require multiple parties to sign transactions in order for funds to be spend. In a 2-2 wallet, for example, both parties must sign a transaction. In a 2-3 multisig wallet, two of the three co-signers must sign each transaction.
Armory Multisig: Armory offers a Lockbox feature that requires any amount of up to seven co-signers to approve shared transactions. A Lockbox is created by one party who adds additional public keys as co-signers. This solution provides a mix of flexibility and security for personal use or organizations.
Armory's fragmented backups is another useful feature. Instead of requiring multiple signatures for each transaction, fragmented backups require multiple signatures only for backups. A fragmented backup splits up your Armory backup into multiple pieces, which decreases the risk of physical theft of your wallet. Without a fragmented backup, discovery of your backup would allow for immediate theft. With fragmented backup, multiple backup locations would need to be compromised in order to obtain the full backup.
Here's a look at some everyday use cases for multisig:
2-2 Wallet: Two business partners work together at a startup. They create a 2-2 multisig wallet so that no funds can be spent without the permission of both founders. If one tries to create a transaction, the other partner will be required to sign off on the transaction before money can be moved.
2-3 Wallet: A 2-3 multisig wallet could be used to create secure offline storage with paper wallets or hardware wallets. Users should already backup their offline Bitcoin holdings in multiple locations, and multisig helps add another level of security. A user, for example, may keep a backup of a paper wallet in three separate physical locations. If any single location is compromised the user's funds can be stolen. Multisignature wallets improve upon this by requiring instead any two of the three backups to spend funds--in the case of a 2-3 multisig wallet. The same setup can be created with any number of signatures. A 5-9 wallet would require any five of the nine signatures in order to spend funds.

admin

Bitcoin Wallet.
A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance. Bitcoin wallets facilitate sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user. The Bitcoin wallet comes in many forms; desktop, mobile, web, and hardware are the four main types of wallets.
Breaking Down Bitcoin Wallet.
A Bitcoin wallet is also referred to as a digital Wallet. Establishing such a wallet is an important step in the process of obtaining Bitcoins. Just as Bitcoins are the digital equivalent of cash, a Bitcoin wallet is analogous to a physical wallet. But instead of storing Bitcoins literally, what is stored is a lot of relevant information like the secure private key used to access Bitcoin addresses and carry out transactions. The four main types of wallet are desktop, mobile, web, and hardware.
Desktop wallets are installed on a desktop computer and provide the user with complete control over the wallet. Desktop wallets enable the user to create a Bitcoin address for sending and receiving the Bitcoins. They also allow the user to store a private key. A few known desktop wallets are Bitcoin Core, MultiBit, Armory, Hive OS X, Electrum, etc.
Mobile wallets overcome the handicap of desktop wallets, as the latter are fixed in one place. These take the form of paid apps on youOnce you run the app on your smartphone, the wallet can carry out the same functions as a desktop wallet, and help you pay directly from your mobile from anywhere. Thus a mobile wallet facilitates in making payments in physical stores by using "touch-to-pay" via NFC scanning a QR code. Bitcoin Wallet, Hive Android, and Mycelium Bitcoin Wallet are few of the mobile wallets. Bitcoin wallets do not generally work on both iOS and Android systems. It's advisable to research your preferred mobile Bitcoin wallet as several malware softwares posing as Bitcoin wallets are an issue.
As for web wallets, they allow you to use Bitcoins from anywhere, on any browser or mobile. The selection of your web wallet must be done carefully since it stores your private keys online. Coinbase and Blockchain are popular web wallet providers.
Hardware wallets are by far the most secure kind of Bitcoin wallet, as they store Bitcoins on a physical piece of equipment, generally plugged into a computer via a USB port. They are all but immune to virus attacks, and very few instances of Bitcoin theft have been reported. These devices are the only Bitcoin wallets which aren't free, and they often cost $100 to $200.

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Sign up for your free Luno Wallet on web, iOS or Android and follow our easy process to set up your profile.
2. Deposit money.
Choose your preferred payment method like bank transfer or credit card to add money to your Luno Wallet.
3. Buy crypto.
Buy Bitcoin or Ethereum, then securely store it in your Wallet or send it on easily to friends.
Luno helps you buy Bitcoin and Ethereum in three easy steps.
1. Sign up.
Sign up for your free Luno Wallet on web, iOS or Android and follow our easy process to set up your profile.
2. Deposit money.
Choose your preferred payment method like bank transfer or credit card deposit to top up your Luno Wallet.
3. Buy crypto.
Buy Bitcoin or Ethereum, then securely store it in your Wallet or send it on easily to friends.
Why are so many people investing in cryptocurrencies like Bitcoin?
It's a better way to move money.
People all over the world use Bitcoin to send money to friends and family or buy things online. It can be cheaper, faster and easier to use than ordinary money.
It's true financial freedom.
Like the internet, no single entity controls Bitcoin. It provides users with both transparency and privacy. It puts you back in control of your money.
It's a new type of investment.
People are buying Bitcoin because it's like digital gold. It is used as an alternative store of wealth, for portfolio diversification, and long term investment.
Learn more about Bitcoin and Ethereum on our Learning Portal.
Why are people from all over the world choosing Luno?
Luno is trusted.
We're early industry pioneers and have been around since 2013, successfully processed more than 8 billion dollars in transactions and have happy customers in over 40 countries.
Built for you.
People love our easy-to-use products. From local payment methods to customer support in many different languages, we make your Bitcoin experience the best one.
Global expertise.
Our expert team has worked all over the world for top tech and finance companies such as Google, Amazon, Morgan Stanley and Barclays. Plus we're backed by some of the world's top investors.
Luno is secure.
When we say your money is safe, we really mean it. We've built some of the world's most sophisticated Bitcoin security systems and have never been compromised.
Here's what our customers have to say.
" I'm glad I came across luno. It has simplified my online transactions and cut down on the transaction fees. So fast to buy and send Bitcoin. I love it.

admin

Atomic Bitcoin Wallet.
Manage your Bitcoin, Ethereum, XRP and over 300 tokens in a single interface.
Trusted Reviews.
Check what our customers say on Trustpilot.
Atomic Wallet is available for all major Operating Systems. Subscribe for our updates to know about latest news and releases.
How to setup Bitcoin Wallet.
Manage your Bitcoin wisely! Learn how to setup Atomic Wallet to send, receive, exchange and buy BTC.
Buy Bitcoin with Credit Card.
Features.
Atomic Wallet provides a powerful, in-demand service that allows users to reduce effort spent on managing crypto assets​ and makes it transparent and reliable.
Atomic Wallet is feature-packed. It is the most secure, trustworthy, transparent and decentralized wallet solution you can imagine. Download.
Use decentralized Atomic Swap to proceed with cross-chain exchange avoiding third party risks.
For coins not yet supported by Atomic Swap, we have built-in ShapeShift, ChangeNOW and Changelly exchanges.
Instant limitless exchange service, supporting 90+ altcoins.
Private, convenient and fast way to exchange cryptos.
Best option for uncensored cross-blockchain swaps.
Strong encryption and custody-free solution guarantee our clients the highest level of security.
Your private keys are encrypted and never leave your device. Only you have control over your funds.
Partners &Investors.
Our Partners.
What is Bitcoin?
Bitcoin is a cryptocurrency based on blockchain technology. Cryptocurrency in terms of a bitcoin is digital money, protected with cryptographic hashes and distributed on a decentralized network. Within the blockchain, Bitcoins distributed among different accounts which are called addresses. If you want to learn more about what is Bitcoin and how it works, please read our guide .
What is a Bitcoin Wallet?
A bitcoin wallet is a software used to manage your Bitcoins. It contains private keys and public addresses and gives you full access to your funds. Some of the wallets are hardware, some of them called hot, cold, desktop, and mobile wallets. If you want to learn more about cryptocurrency wallets, please read our guide .
Wallets are the main user interface through which a person interacts with the cryptocurrency system.
Bitcoin Wallet security.
The bitcoin wallet is protected as you keep your seed or private keys in a safe and secure place.
Do not store large amounts on your computer, web service, or mobile app. Most likely, hardware wallets are better suited for large savings, though they are not convenient for everyday use. Hot wallets allow you to backup through email of 2FA, though, there are risks of losing funds due to the hackers' attack. Decentralized wallets enable you to manage cryptocurrency on your device, but you need to pay attention to how you store your backup as it's the primary access to your funds .
Bitcoin transaction fees.
Bitcoin transaction fees can plunge new users into a stupor, who do not understand how they are calculated and why sometimes Bitcoin fees for a transaction is higher than $3. To understand the reason for the high bitcoin fee, you need to delve into the principle of the blockchain .
What factors does the Bitcoin Commission depend on?
Each Bitcoin block consists of multiple recipient and sender addresses. Most likely, you will see hundreds of transactions in a block. There are miners in Bitcoin blockchain; they create new blocks, thus allows to send money from one account to another. The more transaction is waiting to be approved in the system, and the more likely the fees will skyrocket. It happens when Bitcoin's price increases rapidly.
As Bitcoin blockchain works on a UTXO principle (you own Bitcoins that are currently unspent), the more inputs you have, the larger will be the fees for you to send Bitcoins.
How your funds stored in Atomic Wallet?
Atomic is a decentralized multi-currency wallet, which supports more than 300 cryptocurrencies, has built-in cryptocurrency exchange, mobile app and Buy Crypto feature.
This wallet is well known for its simplicity, convenience, excellent interface, and security. Security is ensured by the fact that your crypto is entirely under your control as your seed phrase stored only on your device. So you fully control your cryptocurrency.
The primary purpose of Atomic Wallet is not just to store cryptocurrency, but also to create a strong ecosystem with many functions that will resemble in some way a decentralized exchange. There is also a native token AWC (Atomic Wallet Coin), which will have many use cases in the ecosystem: dividends for holders, cash back program. Furthermore, it also serves as a marketing tool for bounty and airdrop campaigns.
How does Cryptocurrency wallet work?
Bitcoin wallet has several keys that are needed for its operation. Private key. This is a 256-bit number that is randomly generated and serves as a personal wallet ID on the network. Is a sequence of 16 digits and characters: E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262 ; Public key. It is generated from the private key of the wallet by solving a special cryptographic formula (elliptic equation). The key is 512 bits long and is also written as a 32-character sequence: 0499B4B0FB28848277DCF15C5EB78B80D9E560D55770EA897CFBEC7E85B8B-62C8F8685F4211DF935A5DE20664A7F596358ED25D74FB95E53B3FAE6F49F6700DB3B . the Public key always starts with the byte "04В»; Address. It is created from the public key by hashing (converting an array of data into a string of characters of a certain length) вЂ" this is the code that the user of the bitcoin network sees on the screen. Usually, it is 27-34 digits and letters of the Latin alphabet: 14qViLJfdGaP4EeHnDyJbEGQysnCpwn1gz . The address is generated only if there is a private key вЂ" the reverse sequence can not be solved.
Thus, the anonymity of bitcoin wallet is achieved. It is impossible to crack it unless the owner himself personally provided all the data to the attackers.
How to Install Atomic Wallet.
Run Atomic, click "CREATE WALLET," enter a secure password, click SET PASSWORD. Now we see 12 keywords to restore access to the wallet. Be sure to keep in a safe place! Then click: "START USING ATOMIC."
Now we can see the wallet interface. In the first tab "WALLET," we know the balance of all available coins and generated wallet addresses of different coins. Here you can sort by volume, and you can also hide negative balances or add any Ethereum tokens.
In the tab "EXCHANGE" has the opportunity to exchange tokens through exchanges partner ChangeNOW, Changelly and ShapeShift.
The "SETTINGS" tab allows you to change your password, get private keys that are securely stored in the encrypted form, as well as import an external wallet into Atomic Swaps Wallet (you must enter a private key).

admin

Oct 28, 2019, 05:03 pm #59 Last Edit: Apr 20, 2020, 06:48 am by admin
Bitcoin Australia.
Why do I need a wallet?
Before purchasing bitcoin, you'll need to set up a wallet to store them. In this guide we'll discuss types of Bitcoin wallets and why you may choose one over the other. Wallets can be on your mobile, on your desktop or even a physical hardware than you can carry with you. When you set up your wallet, you will have what is known as a private key which functions as the password to access your Bitcoin. As you complete a transaction, you will then receive what is known as a public key, which connects you from one Bitcoin user to another.
Please note: Never purchase a wallet on eBay. Someone may be attempting to sell you a wallet that has been tampered with to steal your bitcoin. Remember, regardless of which wallet you choose, keeping your bitcoin secure is most important.
Mobile Wallets.
(Recommended if you own under $1000 worth of bitcoin)
Free and easy to set up Accessibility: Your money lives directly on your smartphone or laptop. Convenience: Using Bitcoin mobile wallets allows you to send and receive bitcoins by scanning a QR code.
Mobile and Desktop wallets are not secure enough to store large amounts of bitcoins.
Recommendations.
We recommend Edge wallet or Blockchain Wallet for iPhone and Android users. It is easy and quick to set up for beginners; just download from the App store and you are ready to go in minutes.
Here is a quick video demonstration of setting up a Mobile Bitcoin Wallet.
Desktop Wallets.
Free and easy to set up Accessibility: Your money lives directly on your smartphone or laptop. Convenience: Using Bitcoin mobile wallets allows you to send and receive bitcoins by scanning a QR code.
Mobile and Desktop wallets are not secure enough to store large amounts of bitcoins.
Recommendations.
We recommend Exodus as a desktop wallet. It is one of the most secure and convenient software wallets.
Physical Hardware Wallets.
(Recommended if you own over $1000 in bitcoin)
Security: Hardware wallets, also referred to as cold storage, have been designed to protect your private keys from malware, virus and phishing. They are the most secure way to store your bitcoins. Portability: It can be connected to any Windows, Linux or Mac machine as an external device. You can use it anywhere in the world with any machine. Extensibility: It is compatible with different wallets: MultiBit HD, Mycelium and others.
Price: They aren't free, but they are a necessary expense if you're holding larger amounts of bitcoin.
Recommendations.
We recommend Ledger Nano S TREZOR, which are renowned for their security and ease of use.
Paper Wallets.
Paper wallets are different from the other types of wallets and are often described as the most secure way to store your cryptocurrency. Unlike online wallets, this form of bitcoin storage is completely offline and physical, giving you full control. A paper wallet is exactly how it sounds, a piece of paper that contains your private key and public address, usually printed in the form of a QR code.
Being a physical form of storage, it means you must take extra care to protect the paper. People with paper wallets often laminate the paper, or place it in a tamper-proof envelope and then within a safe to keep it completely safe and secure.