You can easily transact your Bitcoin from your wallet with others users. Bitcoin wallet is all that allows you to send and receive Bitcoins easily. But there are a couple of reasons about why should you be careful about choosing Bitcoin wallet. As we have learnt already about how to create a new Bitcoin wallet with third-party access (blockchain.info).
There are three ways to use Bitcoin Wallets, listed below:
- Desktop Wallets
- Mobile Wallets
- Web Wallets
However, we’ll show you to choose Bitcoin Wallet carefully below in this article.
Choosing Bitcoin Wallet Carefully
Well, it’s all up to you which wallet you choose to use from the above listed ways of Bitcoin wallets. Or just a full Bitcoin client to install in your MAC/Windows.
Remember: More storage and bandwidth will needed and even can take up to a day or longer to synchronize.
However, if you use the full Bitcoin client there are more benefits like increased privacy and security by not trusting other network nodes.
1. Desktop wallets
Desktop wallets are installed on your computer. They give you complete control over your wallet. You are responsible for protecting your money and doing backups.
2. Mobile wallets
Mobile wallets allow you to bring Bitcoin with you in your pocket. You can exchange bitcoins easily and pay in physical stores by scanning a QR code or using NFC “tap to pay”.
3. Web wallets
Web wallets allow you to use Bitcoin on any browser or mobile and often offer additional services. However, you must choose your web wallet with care as they host your Bitcoins.
You will find more about choosing Bitcoin Wallet here. Where you can also download Bitcoin wallets. And the next article we’ll publish is about how to secure Bitcoin wallet from Hackers.