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Bitcoin Wallet Bitcoin has revolutionized the efficiency of people doing online business. You can start using Bitcoin today by simply downloading the software on your computer. Then you will need to acquire the bit coin. You can do this by buying from a vender, or by using exchange companies and the third way, which is a bit technical, is by mining Bitcoin. Buying from a seller is the simplest way to get the Bitcoin. The question that many people ask themselves is where the Bitcoin is stored. It is stored in a Bitcoin wallet.
Bitcoin Wallet
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Various wallets are available for your use from the internet. The wallet utilizes data encryption to prevent exposure of information to persons who are not authorized. The most important element of a wallet is it security capability. This will vary depending on the type of wallet. There are four main types of wallet, they include, hardware wallet, software wallet, web based wallet and android wallets. To get Bitcoin wallet, you can apply for one through Bitcoin website. Personal details like your email are a requirement for you to get the wallet. Create a password and you can start using it. Bitcoin wallet has a user friendly inter phase, which makes it easy to use. Receiving and sending of coins to other users is free of charge. The confirmation of transfer is immediately confirmed. The only time you will be charged is when buying Bitcoin where the seller will need you to pay a certain percentage. Most of the wallets have 3 classes of features. The first type is standard features. These are features which are found in most wallets. The second type of features is advanced features, they are found in many of the wallets, but not of them like back up. The last type is expert features, it includes features like developer tools.