Where and how to create a Bitcoin wallet?

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2017-01-23 00:00:00:

Very often, people wonder how and where to create a bitcoin wallet. It is obvious that only a virtual wallet is suitable for storing digital coins that do not have material embodiment. There are several ways to create a Bitcoin wallet:

Install a special program on a PC or mobile gadget.
Use the services of a third-party platform.

The choice of wallet option designed to store Bitcoins must be approached very responsibly. After all, the legal status of cryptocurrency to date remains not fully regulated. Therefore, the owner of the wallet independently bears all the risks associated with hacking the virtual storage or illegal seizure of funds on it. Let us consider in more detail each of the options.
Cryptocurrency wallets for computers

Using special software, you can create the following types of Bitcoin wallets on your personal computer:

Armory.
Bitcoin Core.
Electrum.
MultiBit.

If the user dwells on this option, it is recommended to download the software on the public resource bitcoin.org. There is also the opportunity to learn more about the features of each virtual storage.

It should be noted that the user who chooses this wallet option must take care of the security of the computer on which it is installed. After all, the abduction by cybercriminals of the corresponding file or the loss of access in any other way will lead to the irretrievable loss of funds on the wallet. Therefore, you need to install an antivirus program on your device, you can’t download suspicious programs or visit dubious web resources. Ideally, wallets should be stored on a computer specially designed for this purpose, the entrance to which is protected by a strong password.

Online wallets

In the global web, there are many sites designed to store cryptocurrency wallets. It is the service that is responsible for the safety and performance of the online wallet. In this case, virtual storage is better protected than on the user"s computer. But you need to choose a reliable site that provides truly high-quality services. These services include the following resources:

Blockchain.info.
Exmo.com.
Coinbase.com.
Bter.com.

To create a wallet, you need to log in to the selected service and follow the instructions of the system.

Mobile wallets

The popularity of such virtual storages is primarily due to their convenience. Thanks to a special application, the user can store the mobile wallet directly on the smartphone. This makes it possible to pay for purchases using a mobile device. However, they cannot be called a full-fledged client, since the limited memory of the smartphone does not allow downloading all blockchain chains. The most popular mobile phone options are Blockchain, Haro and many more.

Hardware Wallets Features

We are talking about specialized developments optimized for saving private keys. Bitcoin hardware wallets are ideal for storing a large supply of virtual coins. They are an ideal choice for well-earned freelancers who do not want to rely on the capabilities of third-party platforms. After all, browser wallets have too little protection to store large sums of money. The main types of hardware wallets are Trezor and KeepKey.

Bitcoin paper vault

This is the cheapest virtual coin storage option. In the global network you can find many sites offering similar services. For everyone, the resource opens a new identifier and generates an image consisting of two QR codes. The first of them is a public and accessible address and is used to receive transfers, and the second is a secret key used to transfer savings. Hackers cannot steal paper wallet data because they are not stored digitally, but printed on paper.

Flex account

Often, novice users encounter a problem when the Bitcoin wallet interface displays the balance in different currencies. As an example, Cruptopay universal storage can be called. It has advanced features and among them the Flex account option stands out. The convenience of this feature was appreciated by the owners. After all, he offers the following features:

The presence of accounts in different currencies (dollars, euros and pounds).
Ability to open debit cards.
Converting, buying / selling Bitcoins online directly on the web resource.
Integration of Bitcoin payments to your online platform.

Flex accounts function like regular storages and make it possible to carry out manipulations of various types using cryptocurrencies. This option is designed to protect the owner from the risks associated with fluctuations in the rate (volatility) of Bitcoin.

At the end of the story, we note that the list of Bitcoin-wallets presented above is not complete and the number of those increases every day.