This overview hope to cover How the online Bitcoin Wallet type works,How to Create a Bitcoin Wallet in Nigeria.
The basic principle is the same for most: Wallets hold your Keys, not your Bitcoins, although the distinction is actually not that relevant for the average user.
The basic principle is the same for most: Wallets hold your Keys, not your Bitcoins, although the distinction is actually not that relevant for the average user.
How bitcoin works interest the average user but most importantly he is interested on how to get a Bitcoin Wallet and navigate the platform.
We store fiat cash in a physical wallet, and bitcoin works in a similar way, except it's normally digital.
We store fiat cash in a physical wallet, and bitcoin works in a similar way, except it's normally digital.
What your wallet contains is your Bitcoin Address, which is the same as your randomly generated public key (a long string of numbers and characters). Anyone can see this, it’s public information. The wallet also contains the private key that goes with that address/public key. Without the combination of the two keys, you can’t use your bitcoins. Actually, most wallets contain several addresses, and hold the public and private key pairings that make each of them work.
But it’s important to understand that the wallet doesn’t actually contain your bitcoin. It contains permission to spend your bitcoin. And if you lose access to that permission to spend, then you effectively also lose your bitcoins, because you no longer have access to them. That is why it is so important to keep the keys secure.
How to create a Bitcoin Wallet
How to create a Bitcoin Wallet
Ensure you have;
- A good android or iPhone smartphone or a PC
- An updated browser because blockchain features doesn’t work on old browsers…
- Use browser’s like Google chrome, updated Firefox, UC browser, Opera browser with JavaScript enabled (don’t use opera mini)
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