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What is a Bitcoin Wallet? Simple Explanation

Published on
10 Apr, 2025 | 15:12

A Bitcoin wallet is a tool that allows you to store, receive, and send Bitcoin. It doesn't hold physical coins — instead, it stores the private keys that give you access to your Bitcoin on the blockchain.

Types of Wallets:

  • Software Wallets: Apps or programs for desktop or mobile.

  • Hardware Wallets: Physical devices that store your keys offline.

  • Paper Wallets: Physical printouts of your keys (less common today).

Your wallet is like your bank account, but you’re the bank. That means you are responsible for keeping it safe.

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