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What is a Bitcoin Wallet? (in Plain English)


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What is a Bitcoin Wallet? (in Plain English)

A Bitcoin pockets is a tool or program that shops your non-public keys and lets you work together with the Bitcoin blockchain (i.e. ship and obtain Bitcoins).

It's vital to distinguish between wallets the place you've full direction over your non-public keys (non-custodial) and people who don't provide you with entry to your keys (custodial).

That is Bitcoin wallets in a nutshell. For the entire rationalization carry on observance the video here is what I am going to cowl:

0:55 - Bitcoin wallets in a nutshell

1:22 - What is a personal key?

1:55 - What is a Bitcoin handle?

2:22 - What are HD wallets?

3:13 - Backing up your non-public key

3:41 - Completely different Bitcoin pockets obtainable

7:30 - Chilly storage wallets

7:51 - Paper wallets

8:25 - {Hardware} wallets

9:07 - Mind wallets

10:00 - Multisig defined

11:31 - How to decide on a Bitcoin pockets

12:53 - Conclusion

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