Bitcoin is a digital form of currency. It has many purposes and intents. There are a few things that make bitcoin unique when compared to traditional money or the dollar bills that we are using so widely even today. This form of currency does not exist in any physical form. Therefore it would not be possible to store it in a physical form. In order to store bitcoins, there is a need to have a wallet. This is known as bitcoin wallet. However, technically speaking, it may not be possible to store bitcoins in the wallet. Any person who has a bitcoin also has a bitcoin address. Such addresses can be accessed and this is done with the help of a private key. This private key is what that is stored in a bitcoin wallet. This makes it possible for the user to receive, send and also own bitcoins with the help of a bitcoin wallet.
How Does One Get A Bitcoin Wallet
There are many people who ask the question as to how to make bitcoin wallets, how the wallets can be set up and so on. There is no a straight jacketed way to set up free bitcoin wallet or even paid wallets. This is because there are different types of bitcoins that are available in the market today. You need to have a clear understanding about the different types of wallets and only then will you be able to answer the above question. It also will help you to find out the right way by which bitcoins can be stored.
A few examples of bitcoin wallets are online wallets, paper bitcoin, wallets, mobile bitcoin wallets, desktop bitcoin wallet and hardware wallets. Each one is unique in its own way. But according to users and experts, bitcoin paper wallet is the safest option. This is because it could prevent the users from the risks of hacks, malware attacks and other such problems. This comes in a piece of paper and it has a bitcoin wallet address. This can help the users to receive bitcoins and send bitcoins. This comes for free and you can operate it with the help of a private key.