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    Home Videos Bitcoin Videos

    What is a Bitcoin Wallet? (in Plain English)

    99Bitcoins by 99Bitcoins
    February 8, 2017
    in Bitcoin Videos
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    Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X

    A Bitcoin wallet is a device or program that stores your private keys and allows you to interact with the Bitcoin blockchain (i.e. send and receive Bitcoins).

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    It’s important to differentiate between wallets where you have complete control over your private keys (non-custodial) and those that don’t give you access to your keys (custodial).

    That’s Bitcoin wallets in a nutshell. For the complete explanation keep on watching the video here’s what I’ll cover:

    0:55 – Bitcoin wallets in a nutshell
    1:22 – What is a private key?
    1:55 – What is a Bitcoin address?
    2:22 – What are HD wallets?
    3:13 – Backing up your private key
    3:41 – Different Bitcoin wallet available
    7:30 – Cold storage wallets
    7:51 – Paper wallets
    8:25 – Hardware wallets
    9:07 – Brain wallets
    10:00 – Multisig explained
    11:31 – How to choose a Bitcoin wallet
    12:53 – Conclusion

    For the complete text guide visit:
    http://bit.ly/2zYDVeo

    Join our 7-day Bitcoin crash course absolutely free:
    http://bit.ly/2pB4X5B

    Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:
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    See anything we haven’t covered? Leave us a comment in the comment section below

    source

    Tags: best bitcoin walletbitcoinBitcoin Walletbitcoin wallet explainedbitcoin whiteboard tuesdayWhat is a Bitcoin wallet
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