How to Store Bitcoin

Before having any Bitcoin, you need a place to store them. That place is called a “wallet.” Instead of storing your bitcoin in a real place a private key lets you access your Bitcoin address, which is also its public key. If the wallet software is well designed, it will look as if your bitcoins are there, which makes the use of bitcoins more convenient and intuitive.

A wallet usually has several private keys, and many investors have several bitcoin wallets. You can have wallets on your computer and mobile device, in a physical storage device, or even on a piece of paper. Here, we will look briefly at the different types.