- Physical wallets. The Physical pockets would be the safest, as they’re not practically subjected to the world wide web. And, so it’s very complicated for somebody to steal the private key. Within the these, two kinds could be distinguished:
- Hardware-based wallets. These are devices that store private keys and permit payments to be created. For Individuals who make many Trades and save many Bitcoins this are the very best Solution to obtain the equilibrium between very large speed and security.
- Paper wallets. Is a way to store bitcoins that consists of writing the Bitcoin addresses and the associated private keys directly on a piece of paper. If done correctly and paper is safely stored and making more than one copy, paper wallets are one of the safest ways to store bitcoins. Finally this type of wallets offers a very high degree of security but is somewhat slow when it comes to using it.
The 3 options mentioned above provide Bitcoin addresses. An address looks like this: 15yK18YMcFeTLKc0508EFqjkBPAqafHdk8, which can be used to receive bitcoins in the wallet itself.
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