What is a Bitcoin wallet ？What wallets are available on the market ？

However, this kind of wallet user does not have a private key in hand ，It is not recommended to store Bitcoin funds in the long term ，Suitable for short-term trading

Like a traditional wallet ，Bitcoin wallet can protect your Bitcoin funds well 。It is an important foundation for Bitcoin's existence ，Bitcoin wallet is missing ，Bitcoin cannot be used ，So what is Bit Wallet ？What wallets are available on the market ？Let's take a look together 。

one 、Introduction to Bitcoin Wallet

Simply put ，It is a tool for storing and using Bitcoin 。In the form of software 。It has two basic functions ：One is used to save the Bitcoin private key ，Another one is used to send and receive Bitcoins 。

Private key ，It is a necessary signature for generating and paying Bitcoin ，Used to prove ownership of funds 。The private key must be kept confidential ，If known by others ，Then the Bitcoin assets it protects will also be transferred by others 。There is an old saying in the currency circle ”Whoever has the private key will have the wallet ”The rumors did not appear for no reason 。

Bitcoin sends and receives Bitcoins from one wallet to another 。This is an important function of Bitcoin circulation ，When we trade Bitcoin in the market ，Only users with Bitcoin wallets ，Only then can the transaction be realized 。

In addition to these two basic functions ，It also has a payment address ，View transaction history and other functions 。Different kinds of wallets ，It also has different special features 。

two 、Types of Bitcoin wallets

1、Hardware wallet

It is a more secure one in the wallet ，Hardware device management ，Not via Internet connection 。Users need to use it when using it usbConnect the interface to the device ，A wallet for Bitcoin transactions 。

2、Online wallet

Online wallet ，It can also be called an online wallet ，What's different from a hardware wallet is that it is a wallet stored on a cloud server. 。Convenient for users ，Through Internet devices ，No need to follow any software 。Be careful of being stolen and attacked by the Internet when using this type of wallet 。

3、Multi-signature wallet

A more secure wallet ，It's like putting two locks on the account ，A wallet that requires two keys to make a transaction 。Unable to complete transactions with a separate private key 。This kind of wallet is usually used in enterprises 、Institutional or Bitcoin trading platform 。

4、Online exchange wallet

It is a wallet launched by the digital currency exchange 。Can facilitate users to trade Bitcoin on the exchange platform ，Quick transaction ，The platform provides certain security guarantees 。However, this kind of wallet user does not have a private key in hand ，It is not recommended to store Bitcoin funds in the long term ，Suitable for short-term trading 。

5、Desktop wallet

This type of wallet is a software-based wallet ，Ability to store private keys on local devices ，More secure than online wallets ，It is more convenient to use than hardware wallets 。

6、Paper wallet

A special wallet ，It has no equipment support ，Knowledge to the private key of Bitcoin 、The wallet address is printed on paper for storage 。When using it, enter the private key into the wallet software and then you can conduct transactions ，It's more troublesome to use 。

three、Bitcoin wallets on the market

1.Coinbase

CoinbaseWallet can be on your phone 、Use on your computer 。It is ToshiThe wallet is busier ，Can help users manage Bitcoin 、Outside of transaction ，You can also buy and sell currency through Volkswagen decentralized exchanges or agents 。CoinbaseWallet has access to third parties dappsFunctions ，Able to pass verification 、Execute services or complete tasks to implement the function of others in the blockchain to earn cryptocurrency 。

2.BitGo

BitGoIt is a high security multi-signature wallet ，Able to safely protect Bitcoin funds ，And the Warriors use multiple BitGoWallets are easier, too 。

3.KeepKey

KeepKeyHighly practical ，A hardware wallet 。In addition to Bitcoin, it also supports other types of virtual currencies. 。Have a special recovery mechanism ，Just need 12One word can be restored ，Make wallet safer 。And this security mechanism allows users to not need to store private keys on the device ，Restore private keys and transactions ，Then you can eliminate the records on the device 。It is a safer wallet for storing Bitcoins 。

4.kcash

kcashIt is a wallet used on your mobile phone 。It can help users solve the management problems of multiple digital currencies ，Simple redemption mechanism ，Combining its own high-performance public chain provides powerful infrastructure for Bitcoin ，Promote the overall application and development of money 。

5.WOOKONG

WOOKONGIt's a hardware wallet 。Cryptography algorithm and high-level financial security hardware solution are adopted ，The security of the wallet is greatly guaranteed 。Its main service targets are institutions with high security levels 、Exchanges and Teams 。

6.Trezor

Trezor，A kind of hardware wallet 。The most powerful hardware wallet ，It is highly secure without sacrificing convenience 。Can be passed USBConnect to your computer and sign a Bitcoin transaction ，No computer access to private information is required during transactions 。

Four 、summary

I believe everyone has a new understanding of Bitcoin wallets ，So when we choose a Bitcoin wallet ，Choose a wallet that suits you according to your own characteristics ！