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A lot of people use to ask me what is bitcion wallet address? how it works? and where to get it?. So today i decide to make this post so that people that don't know bitcoin wallet and address will understand it in a simple way.

First of all

What is Bitcoin wallet?

A “Bitcoin wallet” is just like having a bank account in your local bank where you deposit, send and received money. Basically the Bitcoin wallet is equivalent to bank account. It allows you to receive bitcoins, store them, and then send them to others. 

There are two main types of wallets.

  • Software wallet
  • Web wallet

A software wallet is one that you install on your own computer or mobile device and you are in complete control over the security of your coins. Example of software wallets are:

Electrum Bitcoin Wallet

Multibit wallet

Bitcoin Wallet (For Mobiles)


Now you can download and install any of the software in the list above and start storing, sending and receiving bitcoins.

While 

Web wallet is an online bitcoin wallet that allows anyone to make worldwide payments for free. And is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins. Example of web wallets are:

Blockchain

Localbitcoins (Currently accept minimum deposit amount of 0.0002 BTC)

Coinbase




What is bitcoin wallet address?

Now you can sign up from any of the link listed above and start storing, sending and receiving bitcoins.

Since you have bitcoin wallet now as your bitcoin bank account the you need an account number which is called ''bitcoin wallet address''

Every bitcoin wallet has wallet address and you can view it when you log into your wallet and click on received and you can copy your wallet address.

A bitcoin wallet address is just a set of letters and numbers that allows the blockchain to recognize when funds are sent to or from your Circle account. You'll need to give this address to anyone without a Circle account that wants to send you funds. 


  1. i have withdrawn but I have not seen anything in my bitcoin wallet

    ReplyDelete
  2. i have withdrawn but I have not seen anything in my bitcoin wallet. I am registered at localbitcoins.com

    ReplyDelete
    Replies
    1. They send payment every Saturday 7pm, when you request it before friday 7pm

      Delete
  3. i requested b4 Friday 7pm. this is Saturday and i have not received it

    ReplyDelete
  4. Can it be changed to local currency

    ReplyDelete
  5. Get extra bitcions here.https://bitminer.io/164506

    ReplyDelete
  6. http://freebitco.in/?r=2909939

    ReplyDelete
  7. how can I link my address with bit maker app

    ReplyDelete
  8. Earn free bits with this simple app
    www.vassound.jimdo.com/mobile-apps-android/

    Note: you must have a Xapo wallet to obtain your bits. You can create a Xapo wallet by opening Xapo official site @ www.xapo.com

    ReplyDelete
  9. Claim free satoshis over at Moon Bitcoin. 514 sat. per day.

    ReplyDelete

Confused? Feel free to ask.Your comment is always appreciated.I will try to reply to your queries as soon as time allows.Spam comments will be deleted immediately upon my review.

 
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