The cryptocurrency wallet is equivalent to a concrete wallet processing the transactions. The bitcoin wallet is the primary requirement to proceed with digital currency trading. The paramount feature of the wallet is to stock the secret key needed to access the bitcoin address and funds. The key is a 256-bit long number which is selected randomly as you make a wallet.
Bitcoin Wallet Genre
Paper Wallet: The Paper Wallet is the printed form of a document comprising the public address to receive bitcoins and a private key to transfer or spend the currency. Such wallet can be produced through services like BitAddress or Bitcoinpaperwallet.
Mobile Wallet: The Mobile wallet runs as an application storing your private keys and allowing transactions.
Physical bitcoin: The physical bitcoin wallet is pre-loaded with a fixed amount of BTC and protects the private key. Its value cannot be spent until the private key remains hidden.
