The bitcoin Wallet is an application that allows anyone to perform bitcoins transfers without having any knowledge about their technology.
The wallet is based on an encrypted private/public key concept, where the private key is stored with you (such as a bank password), and the public key is an address that is registered in a public accounting book called Blockchain , which you use to do all your transactions, so it keeps all the history and current balance of your wallet.
Public key:This is the public key you share (such as your bank account number) when you are requesting a funds transfer.
Having C have private, you can import it into any wallet and subtract the contents of that public key address.
A wallet can work on any platform, either on your computer or on a mobile device, or even in the cloud.
The private key can be stored anywhere, digital file, even in your memory.It is nothing more than a sequence of numbers and letters.
Whenever you find it necessary, it will be possible to generate a new key pair, and there is nothing on the network that connects a new key to a person. There is also no type of IP or locality record in the transactions stored in Blockchain.
Types of Virtual Wallets
- Mobile Device (App):It is a mobile device application that handles your virtual money, being able to do your transactions in a simple and quick way over the phone, not all applications offer internet access through a computer, which may limit your access to money.
- Desktop:It’s the first wallet model that came up, it’s safe and encrypted, and the money gets saved offline on your computer, and you should increase your security.The downside is that in some applications, to start the wallet you need to download the entire database already produced, which is currently over 120 Gigabytes, taking a lot of time to upgrade and start using it.
- Web (in the cloud):These are websites that offer online wallets, they are like online bank accounts, but without membership fees or something similar, some of them offer phone applications and several ways to increase access security.
- Specific Apparatus (Hardware):They are devices created specifically to store the coins, and their sole purpose is unique to this, they are like cellular devices, but they cost a good grade.
Creating a Wallet
First of all, choose your wallet according to your goal by clicking here.We have already explained in this guide how to choose the best portfolio for you.
How to make a wallet in the cloud using the website blockchain.info
Do not confuse the book of transaction records called Blockchain, with the wallet service, also called blockchain.info. They are two completely different things.
The choice for Blockchain wallet was simple, it is accessible by any computer through the internet, it has Portuguese support, it offers application for Mobile device (Android and iOS) and the site has 2 factor authentication and several other types of security for its account, in addition to having internal features that facilitate the life of the user.
You can view the site by clicking here or create your direct account by clicking here.
Well to create the account is simple just fill in what is asked on the screen, email, password and click continue, as shown below:
Once you have entered the wallet, the home screen will appear.
The next step is to set up the Wallet Recovery Phrase, in case you ever forget your login.It is important that you print this password and save it somewhere, do not save it to your computer.
Click Settings, then inside the Security tab click on Wallet Recovery Phrase.
Keep it always offline, in a safe and reserved place. Anyone with access to your Recovery Phrase can access your funds.
If you want, you can also confirm your email and your phone in the Preferences tab.
Now, you already have your wallet and you can start to make your transactions, note that on the homepage there are two buttons:Receive and Send, with it you send and retains your coins.
If you click Receive, some information will appear on the screen like your Public Key and QR Code, which you have to provide to anyone who wants to send you the bitcoins.
This is the address you should use to send the coins to your wallet, or if you prefer to use your own QR code by clicking View QR Code, since the combination of the codes is extensive to store and fill.
If you click Send, simply fill in the destination address, the quantity of coins and click Next Step.
Okay, in a few seconds the payment will already be in the target account.All your completed transactions are stored in “My Transactions” and you can still make notes on each transaction.
To increase the security of your account I recommend that you go to Settings, in Security and do 2-Step Verification, thus making it difficult for people to access your account by malicious people.
If you want to receive bitcoins urgently and then leave the processes above, you can generate a pair of keys here in Bitadress and only later synchronize that data in the Blockchain wallet.
This means that if you make the address and receive the bitcoins, they will be stored within that address forever because of the transaction log book.
Note that the site provides you with the public key and the private key.
The key is created through your browser. The server that controls this system does not have access to your key at any time. This system is OpenSource , you can run offline if you wish.
For a better bitcoin experience and not being a victim of hacker attacks, all caution is minimal. Read security concerns by clicking here.
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