How do we deposit money in a Bitcoin wallet?
Dominick Bitcoin Wallet
A Bitcoin wallet is a computerized wallet that stores your Bitcoin balance. A Bitcoin wallet contains your open location and private key, permitting you to purchase, sell, trade, and exchange Bitcoins on the web and disconnected. portrays a wallet like an email account: it stores data (Bitcoin) and permits you to send and get data.
There are a few different types of Bitcoin wallets used today, and each of them come with their own tradeoffs between security and convenience:
We'll cover this in full detail in chapter two (up next), but put simply there are wallets for holding your everyday spending money (hot wallets) and there are wallets for your long term savings (cold wallets). There are even several types of both hot and cold wallets.
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