What is a Bitcoin wallet?

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What is a Bitcoin wallet?

A Bitcoin wallet is a software application that stores Bitcoins. It offers the consumer control over their Bitcoin balance and make receiving and sending Bitcoins easier.

Every person who has a balance in a Bitcoin wallet has a secret or private key that corresponds to that wallet's Bitcoin address.

  • A Bitcoin wallet is a software application for trading and holding Bitcoins rather than a physical object.
  • This wallet is open-source and deterministically built, which means that any developer can inspect the code from anywhere in the world.
  • Since the Bitcoin wallet uses SPV and the Bitcoin network, it necessitates a low level of trust in third parties.


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