The value of the money is based on the confidence, and the confidence of many people in the classic currencies like dollar and euro, because of the financial crisis is getting even smaller. At the same time one digital “parallel” currency gain more supporters. Multitude of new roads which enable the Internet on January 3, 2009, joined another - a digital “parallel currency”. Although Bitcoin is actually kind of digital currency, now it can be considered as a one form of money, especially given the special jump in its value. Consequently, it is absolutely essential that the user is sure that his assets are safe.
This is achieved through the Bitcoin wallet. This Bitcoin Wallet allows users to store private keys that are needed to access to Bitcoin addresses i.e. for spending on them. Bitcoin wallets are available to everyone and even you can have more for added security. Since the increased popularity of this digital currency, so is the number of Bitcoin Wallets. Today, there are various forms of Bitcoin Wallets, depending on the type of device on which you want to use them.
SOFTWARE WALLET
You run them from your computer and you can choose from a variety of species. Many users prefer software wallets for advanced security capabilities that they provide. However, the drawback of most of this software wallet is that they need a whole day to construct a local copy of the block chain file before you can start using it. They can be a good choice if you want to store your Bitcoins for a long time. Some of them are specifically designed for advanced security, while other are not.
ONLINE WALLET
The online wallets are the most simple and most convenient to use, but they are potentially less secure than the software wallets that are running on the user’s computer.
MOBILE WALLETS
Mobile wallets work the same as the applications on your smart phone or tablet. They do not have most of the advanced capabilities of desktop wallet, but they can make payments in the form of a QR code and scan these codes from others, which makes sending bitcoins using smart phones very simple.
We all know that the Bitcoin ATM Card is linked with the Bitcoin Wallet. In order to have a clear picture of your transactions and funds, you need your wallet and in order to know how many of your coins you can cash out from the ATM you need both, the Wallet and the ATM Card.
