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Author: Admin | 2025-04-28
ByRené Today 13/09/2024 To manage, receive, or send Bitcoin, you need to first get access to a BTC address, which is part of your wallet. Here, I explain how and which type of wallet you can best create. There are 3 types, each differing in use. I help guide you in making a smart choice. This way, you can soon easily, safely, and with peace of mind manage your own BTC. Where is the BTC address?You can usually find the BTC address via the home screen of your crypto/Bitcoin app. From there go to your Bitcoin wallet, press the ‘Receive‘ button or ‘View wallet address’, and you’ll see the address. The BTC address is a public string of 26 to 62 alphanumeric characters that can be accessed with a private key (password), or passwords set at your preferred exchange or software.Choosing a walletIf don’t have a Bitcoin address yet, you need to create a wallet first. It’s important to know which type of wallet suits you best. You can choose from these three types:Mobile wallet: Best if you want to manage, buy, and sell Bitcoin anytime, anywhereSoftware wallet: Best if you only want to make BTC transactions (e.g., payments) to othersHardware wallet: Best if you’re investing in Bitcoin for the long term1. Mobile wallet💡 Best wallet for actively managing and trading Bitcoin Mobile app & browser Private key is managed Password + 2FA Low fees for buying BTC Supports 300+ altcoins ID verification required Send BTC only to wallets in your name 2. Software wallet💡 Best wallet for making transactions to others with Bitcoin Mobile app only Manage your own private key Password + code Buying BTC is fairly expensive Supports only Bitcoin No ID verification Send BTC to other people/companies 3. Hardware wallet💡 Best wallet for long-term Bitcoin investors Desktop, app, Bluetooth Manage your own private key 8-digit PIN Buying BTC is fairly expensive Supports 1800 tokens No ID verification Send BTC to other people/companies 1. Mobile walletThe most common method to get Bitcoin is through an online trading platform (like Bitvavo). You buy them with a credit card, Paypal or any other payment method, and the platform stores them for you.They manage your private keys (proof of ownership). All the Bitcoins you own are always visible in your wallet there. The wallet can then be accessed via their mobile app and desktop portal.How it worksFirst, create a Bitcoin
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