What is a bitcoin wallet?

On a practical level, a Bitcoin wallet is a device or program that is used to send and receive bitcoins. The term wallet can be a little confusing for people new to Bitcoin and crypto. A physical wallet is used to store physical currency, however a Bitcoin wallet does not store bitcoins within it. How can this work?

What is a hardware wallet?

A hardware wallet is an external accessory (usually a USB or Bluetooth device) that stores a user’s keys; a user can only sign a transaction by pushing a physical button on the device, which malicious actors cannot control. The best practice to store cryptocurrency assets that do not require instant access is offline in a cold wallet.

What is a digital wallet?

A digital wallet (or electronic wallet) is a financial transaction application that runs on any connected device. It securely stores your payment information and passwords in the cloud. Digital wallets may be accessible from a computer; mobile wallets, which are a subset, are primarily used on mobile devices.

What are the features of a wallet?

The main feature of the wallet is it includes an inbuilt 1.75-inch knife that’s discreet and easily accessible when needed. Made from metal with a titanium coated steel body the wallet is amazingly lightweight. The wallet has a max capacity of 5 cards and a money clip on the back to store any notes.