Background

From the time when the internet was introduced for the first time we have seen that things are being altered in many ways and every feed is now moving towards digitalization. The Internet has provided mankind with a number of benefits along with some side effects. Things that were nearly impossible some couple of decades ago and are considered they are in normal for example video calling audio calling sending documents in one click and above all shift of currency tour digitised platform called as cryptocurrency or digital money. Among these Bitcoin cryptocurrency is one of the most trusted and value buted types of digital currency that has been used by a number of people around the globe from past 10 years.

Bitcoin is a type of currency that is mainly used by Digital traders and online purchases. Bitcoin digital currency is considered one of the most trusted and valid forms of digital money. The thing which is very important to understand before using Bitcoin is that Bitcoin is not a physical currency and is more like a computer file or software that can be used  by a mobile user or desktop computer user.

Definition

Bitcoins are usually stored in the form of a folder as this is a computer file and this folder is regarded as Bitcoin blockchain wallet. It was just like your physical wallet or bank account in which you store your money. The main difference between a Bitcoin digital wallet and your bank account is that there is no deduction fee of using a Bitcoin blockchain wallet as we are seen for bank accounts.

Types 

Bitcoin digital wallet can be defined as a platform where you are able to store your Bitcoin cryptocurrency for a longer or shorter duration of time as per your need and requirement. They are two types of wallets which are:

• Cold Bitcoin Wallet
• Hot Bitcoin Wallet 

You can use your wallet of choice out of many options available in both categories of Bitcoin cryptocurrency blockchain wallets and for more please visit bitcoinprime.org.

How to Use?

Using Bitcoin cryptocurrency is not rocket science and there are some very easy to go and basic steps following which you can start using Bitcoin cryptocurrency wallet at once.

1. The first and most important part of using a Bitcoin cryptocurrency wallet is to register for a cryptocurrency wallet and the most amazing thing about this is that the creation of Bitcoin cryptocurrency wallet is free of cost and you are not charged for any basic or registration fees.
2. One more important thing that you should keep in mind is that if you want to use between two currency wallets you don’t have to visit any office or Bank branch. All you have to do is to login into your favourite wallet website available online.
3. Login to Bitcoin blockchain wallet very easy and you are just required to enter your authentic email address and password.
4. Once your wallet is formed you are now rewarded with wallet ID that is the basic requirement of using your Bitcoin cryptocurrency digital wallet.
5. Once you have selected and registered in your choice of wallet it is ready to use and in order to use it you just have to browse to your favourite wallet website or just simply download the mobile application that is available for both Android and Apple. This makes the usage of blockchain wallet very easy for everyone.
6. Now you are ready to use your Bitcoin wallet for keeping your Bitcoin cryptocurrency and also for doing transactions around Bitcoin to a princy community that can include and other between users or any online store accepting Bitcoin.

Security of Bitcoin Wallets

All the use of Bitcoin cryptocurrency wallet is becoming more and more common but there are some major and fundamental concepts about which people are very confused and concerned at the same time. In this uncertain time when you can trust no one how is it possible that you can trust a website to store your Bitcoin cryptocurrency and for doing your dealings. Here Bitcoin wallets provide the users with a very high tech level of security checks that makes it possible for the Bitcoin digital wallet users to do a secure and safe trading in the online world.

Stages of Security

There are three major stages of Bitcoin wallet security and all of them are interlinked to each other.

• Stage 1 security is made sure that no one but only you can approach your Bitcoin wallet account thus making it nearly impossible for Invaders and hackers to get access to your Bitcoins.
• In stage 2 of security you are required to do dual authentication by providing your phone number and the wallet side that connects your phone with your Bitcoin wallet is making this security of your Bitcoin blockchain wallet more secure and Powerful.
• The most important stage of security is stage 3 security and it is important so that TOR can be kept out of your way and you can make your Bitcoin cryptocurrency experience smoothed and hurdle free.

Bottom Line

Concluding this we can say that Bitcoin cryptocurrency wallets come with a very high tech security and are very easy to use. Out of two main types of frequency wallets you can use your choice of wallet according to your needs.