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.