{"id":3707,"date":"2021-12-04T14:50:19","date_gmt":"2021-12-04T14:50:19","guid":{"rendered":"https:\/\/cymood.com\/web\/?p=3707"},"modified":"2022-11-18T10:09:34","modified_gmt":"2022-11-18T10:09:34","slug":"various-types-of-bitcoin-wallets","status":"publish","type":"post","link":"https:\/\/cymood.com\/web\/2021\/12\/04\/various-types-of-bitcoin-wallets\/","title":{"rendered":"Various types of Bitcoin wallets"},"content":{"rendered":"

Today we are going into details about the different types of wallets for Bitcoin.<\/strong><\/p>\n

As I have already told you, having a wallet where you can put your bitcoins is essential, it is one of the absolutely necessary steps to invest.
\nHowever, there are different types of wallets, all created accordingly to the needs of the owners.<\/p>\n

The first diversification is between custodial and non-custodial wallet<\/strong>.
\nA custodial wallet <\/em>is for example a wallet on an exchange, where you can use the wallet but you don’t have control over it since you don’t have the private keys.<\/p>\n

Non-custodial wallets<\/em>, on the other hand, are wallets that you can access via private keys and are in your full control.
\nThis category is divided into hardware wallets and software wallets<\/strong>.<\/p>\n

Let’s start with the first type, namely the hardware wallets.
\nA hardware wallet<\/em> is a physical wallet, practically a USB key that we can hold in our hands.
\nThe most famous models are the Nano S or X and the Trezor.
\nThese wallets are perfect for securing large amounts of coins and are fairly easy to use.
\nAnother point in their favor is the vast support, in fact they allow you to have different types of coins saved inside them.
\nThe safety of use is one of the fundamental points of this type of wallet, safety that you pay dearly given the purchase cost, based on the wallet model chosen, which is particularly high.
\nThese wallets then need to use special software to work, such as Ledger Live for the Nano.<\/p>\n

Let’s move on to software wallets<\/em>, which are a type of wallet that we can have on a device such as a phone or laptop.
\nOne of the most popular wallets is electrum wallet, which is free and open source. It is a wallet dedicated only to bitcoins and we must say that it does not have a really nice user interface. But it works, is appreciated by users and is safe thanks to the fact that it is open source.
\nIt also works with some hardware wallets.<\/p>\n

Now let’s talk about the wallet of hardcore Bitcoin professionist, let’s talk about bitcoin core wallet.
\nNow let’s understand, this wallet is specific only for people who know what they are doing since it downloads the entire bitcoin blockchain on their pc, and we are talking about gigabytes of memory.
\nThis wallet is the ultimate in privacy and is obviously only for bitcoin and only for pc.
\nYou will have complete autonomy and full possession of the tools of the bitcoin blockchain, so it is not for those who are just starting out. Even the interface doesn’t help.
\nNow that you know what the various types of wallets for your bitcoins are, you just have to decide what to use in complete safety.<\/p>\n

Learn more about safety here<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today we are going into details about the different types of wallets for Bitcoin. As I have already told you, […]<\/p>\n","protected":false},"author":19,"featured_media":2969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46,47,49,50,51,98],"tags":[],"yoast_head":"\nVarious types of Bitcoin wallets | CYMood.com<\/title>\n<meta name=\"description\" content=\"Learn which wallet is the best for my request is a key element in any criptocurrency. Bitcoin has different kind of wallets. 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