Bitcoin wallet

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Bitcoinwallet is the equivalent of a physical wallet for transactions with Bitcoin. There are different wallets for different platforms.

The main functions

Bitcoin wallet.jpg

Bitcoinwallets provide the following functionality:

  • storage of Bitcoin addresses and corresponding closed/open keys on users computer in wallet.dat file,
  • conduction transactions of obtaining and transferring Bitcoins (BTC), also without connection to internet
  • providing information about the balance in BTC at all available addresses, prior transactions, spare keys.

Types

For EZ Flash IV convenience system provides three types of Bitcoinwallets: desktop, online and mobile.

Desktop wallets

Desktop wallets are installed on your computer and provide complete control of the currency and budget safety.

Thick wallets

Provide independent funds security management, download of network blocks and control of their authenticity.

  • Bitcoin-Qt (Windows, Mac OS, Linux). High stability, reliability, privacy, resource capacity. Keys export / import is possible, wallet.dat file password encryption, signing messages.
  • Armory (Linux, Windows). Functions over Bitcoin-Qt app, expanding its opportunities. Managing several Bitcoinwallet, storing them in offline, protecting from hacker attacks, creating messages and signing them with closed key.

Thin wallets

No need to download blocks, easy to install on the tablet/cell phone, third-party resource leads checking operations.

  • Multibit (Windows, Mac OS, Linux). App for beginners, Russian language included.
  • Electrum (Windows, Mac OS, Android, Linux). Generation of 6 addresses that can be restored through Electrum.

Internet-wallets

Do not oblige to download all blocks of the Bitcoin network, managing one wallet with any device, regardless of location. Some wallets offer additional services. Wallet privacy is provided by third-party resource. "Online" option is preferred for the first acquaintance with Bitcoin system and short-term storage of small BTC amounts.

Mobile wallets

Funds are always on hand, which is convenient when paying for goods by scanning the addresses as QR-code, the NFC technology application).

  • BitcoinWallet. Autonomy, calculator of currency conversion, address book, balance in BTC or another currency.
  • MyceliumWallet. Comfortable backup, sending Bitcoin address by Skype or e-mail, PIN-code protection. Current rate is in Bitcoins and balance is in the necessary currency.
  • CoinCorner also has a mobile wallet available for Android, iOS and Windows Phone, giving users the ability to send and receive bitcoins on the move.

There are also applications for mobile devices that provide access to online wallets, for example, Blockchain.

Security

To ensure safety of Bitcoinwallet the following measures are recommended:

  • wallet backup with printing or storing on flash drive in text editor without connection to Internet.
  • encryption the wallet with the installation of a strong password.
  • prudence when choosing a quality service.

See also

External Links