What is a Bitcoin Wallet and How to Create One?

A Bitcoin wallet is not actually a wallet that stores the amount of Bitcoins you own. They are software that contains the public and private key required to use the Bitcoins you own. What is a Bitcoin wallet, how to get it? Here are all the details.

Bitcoin wallets allow you to easily see your Bitcoin balance at any time and easily transfer your Bitcoins to other Bitcoin wallets with the Blockchain system.  

What is a Bitcoin Wallet?

A Bitcoin wallet is a software that contains a private and public key specially designed for you to use the Bitcoin value you have. Bitcoin wallets allow you to view your Bitcoin balance and transfer it to other Bitcoin wallets at any time. Each Bitcoin wallet has a unique address. The code in this Bitcoin address consists of 26-35 characters of letters and numbers.

How to Create a Bitcoin Wallet?

To Create a Bitcoin wallet, you need to download the BRD application to your phone via your phone's app store. If you are using an Android device and you are looking for the real app through the Google Play Store, you need to check if you have found it. You can check this by looking at the total number of downloads of the app. BRD Bitcoin Wallet has more than 1 million downloads today. With this number in mind, you can find the right app. After a short introduction by opening the app and pressing Get Started, you need to create a special PIN code that is given to you. You are then given a 12-word recovery key. You need to write down the words on a piece of paper and keep this key in a safe place. You will then be asked to verify these words. It is important to remember that if you forget your PIN codes, you can only get your wallet back with these words. You will then be redirected to the main page of the app and you will have created your Bitcoin wallet. With the wallet you have created, you can easily perform many transactions.

What Does a Bitcoin Wallet Do?

Bitcoin wallet; It can be a physical wallet or an application that you download to your mobile phones. These wallets contain software that contains the public and private key you need to use Bitcoin. At the same time, with a Bitcoin wallet, you can check the amount of Bitcoins you have at any time, and you can send your Bitcoins to other Bitcoin wallets at any time through the blockchain system. But you should keep in mind that you need to buy some Bitcoins from Bitcoin exchanges before you can have a Bitcoin wallet.

How to Use a Bitcoin Wallet?

You need to use a Bitcoin Wallet for Bitcoin withdrawals and deposits. In the Bitcoin Wallet, the QR code and Bitcoin deposit address are easily accessible, and a new address is generated before each deposit. You can also easily access Bitcoin deposit addresses you have used before. To increase transaction privacy, a new Bitcoin address must be generated before each deposit. However, addresses from which money has already been transferred can also be used. Users can send at least 0.0001 BTC to a Bitcoin deposit address.

How to Withdraw Bitcoin

Bitcoin can be easily withdrawn from Bitcoin addresses already defined in the Bitcoin Wallet. A 2-step verification code is sent to the Bitcoin Wallet to define an address. In order to send a Bitcoin withdrawal request to the defined address, the Bitcoin Wallet and PIN code must be entered. All information in the e-mail sent to the address registered in the system must be checked and the withdrawal must be approved. The approved withdrawal request is transmitted to the Bitcoin blockchain within a short period of time. Amounts of 0.0005 BTC and above can be easily withdrawn by users from the Bitcoin Wallet. Although it is very practical to use a Bitcoin wallet, you should take care not to forget your security words and password. Otherwise, you will not be able to use and open your wallet. As a result, you may have money left in your wallet.