Every bitcoin trader needs a wallet to store their bitcoins. If you want to create your own bitcoin wallet application BR Softech is the best bitcoin wallet development company that develops applications in android or iOS.
In this article, we will discuss types of bitcoin wallets. Let’s start
There are two major categories of bitcoin wallet:
- Cold Wallets: Cold wallets are offline wallets. There are divided into two subcategories:
• Hardware Wallets
• Paper Wallets
- Hot Wallets: Hot wallets are also known as Software wallets. These three types of Hot Wallets.
• Desktop Wallets
• Mobile Wallets
• Web Wallets
Hardware Wallets
It is the most secure and reliable form of bitcoin wallet. It is useful in biotin investing purpose.
Paper Wallets
In Paper Wallets, you need paper or metal. It is a physical form of the wallet that stores your bitcoin wallets.
Desktop Wallets
Desktop wallets are the desktop applications that can be installed to your system. The private key is stored in the hard drive of the system. This key helps to make transactions online.
Also Read: Top 10 Bitcoin Wallet Development Companies in 2020
Here is the best example of desktop wallets:
- Exodus
- Electrum
- Guarda
Mobile Wallets
This type of wallet is widely used in bitcoin wallets. it is less secure from the desktop wallets. It stores your private key in a third party app. Many bitcoin wallet applications are available for iOS & Android phones.
The best example of Mobile Wallets.
• Trust Wallets
• BRD Wallets
Web Wallets
These wallets can be accessed from any location from any device. It is available on the internet. Use these wallets you need to visit the website after that you can use this website. These wallets are least secure as your money is kept in the cloud, and there are many risks involved in them.
Conclusion:
I hope this article will very helpful for learning. if you want to know more about bitcoin wallets BR Softech blog will very helpful for you. Thank you