It is very necessary to store your bitcoins safely, but you are responsible for managing them yourself. You are your own bank, and this is what makes bitcoin interesting.

You store and manage your bitcoins using a wallet. On this page is a brief explanation of everything you need to know about bitcoin wallets.

What Is a Bitcoin Wallet?
A bitcoin wallet is a program that sends, receives, stores and monitors bitcoin balances. The Wallets monitor every Bitcoin address on the blockchain and update their own balance with each transaction made. It’s more like a digital bank account.

One of the most important things to remember about a bitcoin wallet is what defines the wallet and where its private key is stored.

A private key is a very long combination of numbers and letters that acts as the password to your Bitcoin wallet. It’s from these numbers and letters that your wallet gets its power to send your Bitcoins to other recipients. You can also think of it as a local coordinator for locating your Bitcoins.

Which bitcoin wallet should I go for?
There are a lot of different wallets to choose from, but choosing a wallet depends on several factors. Whether you would like to buy a small amount, just started trading in cryptocurrencies, invest a large sum, or are you more experienced?

Setting up a bitcoin wallet is simple. There are three types of wallets;
     ● Mobile wallets
     ● Software wallets
     ● Hardware wallets.

The software and mobile wallets are often free, and each wallet has multiple providers, which have their own characteristics with regard to things like ease of use and security.
You can see below which wallet is suitable for you.

Mobile wallet
This is an app on your mobile device that you can use to store and manage your coins. Just like every other app, it can be downloaded to your mobile device from the Google Play Store or App Store.

Once your new wallet is created, you will be provided with a private key which proves you own a certain number of coins on the blockchain.

Software wallet
This is a software or program that is installed on your computer

Hardware wallet
This is one of the safest methods to store and manage your cryptocurrencies.
It is a physical wallet that encrypts access to your coins by the device. The risk of losing your coins due to a crypto hack isn’t there when using a hardware wallet.

You can purchase a hardware wallet from the manufacturers or on the website.

How to create a bitcoin wallet
     ● Open the Google play store or the App store on your mobile device
     ● Search and download your preferred crypto app
     ● Open the app and sign up
     ● Write down your 24-words recovery phrase. (this is very necessary, it is the backup for your wallet)
     ● Add bitcoin to your portfolio
     ● And then use your receiving address to receive bitcoin from others

How do I receive or send bitcoin?
Receiving
Copy the receiving wallet address from your wallet, and paste it on the Bitcoin Direct order form. This way, the sender knows where to send the coins to.

Sending
This is just as easy also! Tap on the “send” option in your wallet. Copy and paste the receiving address from the recipient. Fill in how much bitcoin you’d like to send and then confirm.

Best Bitcoin wallet for you
    ● Coinbase – https://www.coinbase.com/
    ● PointPay Banking Wallet – https://bank.pointpay.io/
    ● Binance chain (BNB) – https://accounts.binance.com/