Bitcoin Wallets are very similar to our mobile wallets where we store our money and do transactions from that. While in Bitcoin wallet we hold bitcoins and other cryptocurrencies. A Bitcoin wallet is a software application that allows you to store and keep track of your Bitcoins. A bitcoin wallet differs from a traditional wallet in that it holds bitcoin private keys. A wallet is usually password-protected or otherwise protected from unauthorized access. A Bitcoin wallet is operated exclusively by its owner, unlike blockchain technology, which is distributed and shared. There are several bitcoin wallets to choose from, each with its own set of features. All bitcoin wallets must follow the Bitcoin protocol in order to be able to send and receive funds, regardless of how they are implemented. WazirX, Unocoin, Zebpay are Indian companies. Other Bitcoin wallets are from different countries.
Types of Bitcoin wallets
Types of Bitcoin wallets are desktop, mobile, web, and hardware;
Desktop wallets are wallets that are activated on a computer device and give the user full control over the wallet. They also allow the user to store a private key.
Mobile Wallets: Mobile wallets are similar to desktop wallets in terms of functionality. Mobile wallets allow “touch-to-pay” and the scanning of a QR code with near field communication (NFC) in physical stores.
Web wallets enable users to access Bitcoins from any browser or mobile device. Since your private keys are stored online, you must choose your web wallet carefully.
Hardware wallets, which store Bitcoins on a physical piece of equipment that is normally plugged into a computer via a USB port, are by far the most stable form of Bitcoin wallet.
WazirX Bitcoin Wallet
With over 900,000 users, WazirX is India’s fastest-growing cryptocurrency exchange. WazirX is the safest and trustworthy cryptocurrency exchange app, allowing you to buy and sell Bitcoin, Ripple, Ethereum, Tron, Zilliqa, and more than 100 other cryptocurrencies.
Individuals can buy Bitcoin and other cryptocurrencies by depositing INR via UPI or IMPS. Funds can be deposited and withdrawn instantly and 24 hours a day, seven days a week. In India, the lowest withdrawal fee starts at zero. The highest referral commission in India is 50% with no upper cap. TradingView, advanced chart trading, and Stop-Limit orders are only a few of the advanced features available.
WazirX uses two-factor authentication, such as Google authenticator or mobile OTP-based authentication, for security.
With its user-friendly mobile trading experience, the ZebPay app for Android provides access to a stable crypto exchange platform for users on the go. Zebpay security measures are designed to keep your cryptos secure, with 98% of coins stored in cold wallets, robust internal controls, 3rd party security testing, and more. For added wallet protection, you can set a fingerprint or PIN code and lock outgoing transactions. The Bitcoin-Euro pair (BTC-EUR) is one of ZebPay’s trading pairs, as are euro-denominated pairs in XRP, EOS, LTC, ETH, and BCH. Security researchers are encouraged and rewarded by ZebPay for testing our security. We have a bug bounty program for the community to help us identify problems that could endanger our customers.
Coinbase Bitcoin Wallet
You can safely store, send, and receive Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ether Classic (ETC), Litecoin (LTC), XRP, and Ethereum-based ERC20 tokens with Wallet. Connect your account to pass cryptocurrency to your own custody quickly and easily. Using your private key, sign messages cryptographically. See the current price of assets in your wallet in your local currency. You retain control over your private keys, which are only stored on your computer using Secure Element technology. The company has no access to your money.
Coinbase is trusted by 56 million verified users, 7,000 organizations, and 115,000 ecosystem partners in over 100 countries to quickly and safely save, spend, save, receive, and use cryptocurrency.