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Bitcoin Wallets are very similar to our mobile wallets where we store our money and do transactions from that. While in Bitcoin wallet we hold bitcoins and other cryptocurrencies.
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AVANEESHPARASAR.COM Avaneesh Parasar CRYPTOCURRENCY 01 AVANEESHPARASAR- CRYPTOCURRENCY
What are Bitcoin Wallets ? BitcoinWalletsareverysimilartoourmobilewalletswherewestoreourmoneyanddo transactionsfromthat. WhileinBitcoinwalletweholdbitcoinsandothercryptocurrencies. A BitcoinwalletisasoftwareapplicationthatallowsyoutostoreandkeeptrackofyourBitcoins. Abitcoinwalletdiffersfromatraditionalwalletinthatitholdsbitcoinprivatekeys. Awalletis usuallypassword-protectedorotherwiseprotectedfromunauthorizedaccess. ABitcoinwallet isoperatedexclusivelybyitsowner, unlikeblockchaintechnology, whichisdistributedand shared. Thereareseveralbitcoinwalletstochoosefrom, eachwithitsownsetoffeatures. All bitcoinwalletsmustfollowtheBitcoinprotocolinordertobeabletosendandreceivefunds, regardlessofhowtheyareimplemented. 02 AVANEESHPARASAR- CRYPTOCURRENCY
FinancialPreparationforMillennials | EWCG Types of Bitcoin wallets Desktop Wallets Web Wallets Hardware Wallets 03
04 AVANEESHPARASAR- CRYPTOCURRENCY Desktop wallets arewalletsthatareactivatedona computerdeviceandgivetheuserfullcontroloverthe wallet. Theyalsoallowtheusertostoreaprivatekey. Web wallets enableuserstoaccessBitcoinsfromany browserormobiledevice. Sinceyourprivatekeysarestored online, youmustchooseyourwebwalletcarefully. Hardware wallets, whichstoreBitcoinsonaphysicalpiece ofequipmentthatisnormallypluggedintoacomputervia aUSBport, arebyfarthemoststableformofBitcoinwallet.
AVANEESHPARASAR- CRYPTOCURRENCY Top 7 Bitcoin Wallets In India 2021 1. WazirX Bitcoin Wallet -Withover900,000users, WazirXisIndia's fastest-growingcryptocurrencyexchange. WazirXisthesafestand trustworthycryptocurrencyexchangeapp, allowingyoutobuyandsell Bitcoin, Ripple, Ethereum, Tron, Zilliqa, andmorethan100other cryptocurrencies. 05
AVANEESHPARASAR- CRYPTOCURRENCY 2. Zebpay Withitsuser-friendlymobiletrading experience, theZebPayappforAndroid providesaccesstoastablecryptoexchange platformforusersonthego. Zebpay securitymeasuresaredesignedtokeep yourcryptossecure, with98% ofcoins storedincoldwallets, robustinternal controls, 3rdpartysecuritytesting, and more. 06
07 3. Coinbase Bitcoin Wallet Youcansafelystore, send, andreceiveBitcoin (BTC), BitcoinCash (BCH), Ether (ETH), Ether Classic (ETC), Litecoin (LTC), XRP, and Ethereum-basedERC20tokenswithWallet. Connectyouraccounttopasscryptocurrency toyourowncustodyquicklyandeasily. Using yourprivatekey, signmessages cryptographically. Seethecurrentpriceof assetsinyourwalletinyourlocalcurrency. AVANEESHPARASAR- CRYPTOCURRENCY
08 4. Unocoin Bitcoin Wallet DespiteIndia'sstringentregulationsondigital assets, theUnocoinwalletflourishesthere. The businesshas45topinvestorsandsupportsover 1.5millioncustomers. Unocoinwalletissafeand easytouse. BothAndroidandiOSuserscanuse thewalletapp. Unocoinisadigitalasset exchangeandwalletlocatedinIndia. AVANEESHPARASAR- CRYPTOCURRENCY
AVANEESHPARASAR- CRYPTOCURRENCY 5. Ledger Nano TheLedgerNanoSandLedgerNanoXhardware walletsareavailablefromLedger. BothwalletsareUSB storagewalletsthatallowuserstodoavarietyofthings, suchastosendandreceivebitcoinfromblockchains andrunthird-partyappsonthecomputer. In2014, eightexpertswithbackgroundsinembedded protection, cryptocurrencies, andentrepreneurship foundedLedger. 09
AVANEESHPARASAR- CRYPTOCURRENCY 6. Guarda Wallet GuardaWalletsupportsover100different cryptocurrencies. Itdoesnotsaveauser'sprivate keysordata. Itprotectsitsusers' confidentialdata withencryptiontechnology. 7. BuyU Coin Withover500,000confirmedusers, theBuyUcoinAndroid Appisthebestcryptocurrencyexchangeapp, enablingusers tosecurelystore, buy, andsellcryptocurrenciesinINRorfiat currency. 10
11 Conclusion Popular cryptocurrencies such as bitcoin, Ethereum, Ripple, and Litecoin can all be stored in most bitcoin wallets. Always double-check that the wallet, you're using supports the cryptocurrency you want to store and use. Consult: Avaneesh Parasar avaneeshparasar.com avaneeshparasar.in avaneeshparasar.me