What is a bitcoin wallet? What is a bitcoin wallet for?

　　There are two types of bitcoin wallets.According to the storage method of private keys,bitcoin wallets are divided into two types:cold wallets and hot wallets.

　　A wallet is a wallet that can be used without the Internet,such as our mobile phones or our computers,although we can use these devices normally.But they are not connected to the Internet,so they do not need network access when they conduct transactions.Moreover,the cold wallet will not be accessed by the network,which can avoid risks as much as possible,and can also avoid hackers from attacking and stealing our wallets.

　　However,the cold wallet also has its shortcomings,that is,it may face loss,its use is not particularly convenient,and it is not connected to our network,so most of it is done through private transactions.And if the hardware on which we store the cold wallet is damaged,then our cold wallet will be completely destroyed.If you really use cold wallets,you must remember to make backups in advance,and do not cause your own losses to increase for no reason.

　　A hot wallet is the ability to access your private key wallet through the Internet,which means that in the presence of a network,we can freely control our bitcoins and conduct easy transactions.Just like the online transaction banks we use now,many of us do not use our online banks for transactions.In this way,we don't have to keep going to the bank,which is relatively more convenient.

　　But when using our hot wallet,we should also pay attention to one thing,that is,different passwords should be set in different platforms,and it is best to enable secondary authentication,so that we can ensure the safety of our funds as much as possible.We mentioned earlier that cold wallets will not be attacked by hackers without the influence of the network.Because the hot wallet is always connected to the network,it may be constantly attacked by hackers,or it may be hacked to steal our bitcoins.Although this probability is relatively small,it should also arouse our extensive attention.

　　Bitcoin wallets are the same as our wallets.When we use wallets at ordinary times,it is nothing more than holding our bank cards,cash,mobile phones and other things.Bitcoin wallets are designed to store bitcoins,and our bitcoins also need to have a foothold.If we may have 100 bitcoins on hand,but we only trade 50 bitcoins in the market,we only have 50 bitcoins on hand at this time.Where are we going to put these 50 bitcoins?It is not to find a wallet to store it well,so at this time,the Bitcoin wallet plays a very important role.It is like a storage opportunity to keep our money better.When we need to use it,we take out our money and do normal transactions.Whether you are trading bitcoins in the market,or you are using bitcoins for physical delivery,bitcoin wallets are an integral part of you anyway.