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What is a bitcoin wallet?

On a practical level, a Bitcoin wallet is a device or program that is used to send and receive bitcoins. The term wallet can be a little confusing for people new to Bitcoin and crypto. A physical wallet is used to store physical currency, however a Bitcoin wallet does not store bitcoins within it. How can this work?

How do I send bitcoin to a wallet?

1 Open the app 2 Tap the receive icon 3 Select Bitcoin (BTC) and choose the Bitcoin wallet you want to receive it to (eg. My BTC Wallet) 4 Tap the copy button to save the address to your clipboard. You'll need to paste that address into the Bitcoin.com Buy website. ...

Where does my Bitcoin go after I buy it?

As for where your bitcoin goes after you buy it, the options are: Into a Bitcoin wallet you control (ie. a 'self-custodial' wallet like the Bitcoin.com Wallet) Into a Bitcoin wallet someone else controls (eg. a centralized cryptocurrency exchange or a payment app like PayPal). Not your keys, not your bitcoin!

Where are Bitcoins stored in a wallet?

Bitcoin Wallet. A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance.

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