Once you have decided to start using Bitcoins, you need to get a unique bitcoin address or wallet to store your bitcoins. Your bitcoin wallet address is similar to an email address, people will send bitcoin to your bitcoin wallet address. You can share or publish your bitcoin address so that people can send you money at that address.
Choose to download the software and keep your wallet on your computer, mobile device, or use an online wallet, or all of the above!
Bitcoin wallets for your mobile phone:
Mobile wallets allow you to bring Bitcoin with you in your pocket. You can exchange bitcoins easily and pay in physical stores by scanning a QR code or using NFC “tap to pay”.
Airbitz – Airbitz is a mobile Bitcoin Wallet making high levels of privacy, security, and decentralization very familiar and usable to the masses. Airbitz wallets are always automatically encrypted, backed up, and even function when Airbitz servers go down.
Mycelium – Mycelium Bitcoin Wallet is an open source wallet for Android designed for security, speed, and ease of use. It has unique features to manage your keys and for cold storage that help you secure your bitcoins.
GreenAddress – Green Address is a user-friendly multi-signature wallet with improved security and privacy. At no time are your keys server side, even encrypted. For security reasons, you should always use 2FA and the browser extension or Android App.
Bitcoin wallet – Bitcoin Wallet for Android is easy to use and reliable, while also being secure and fast. Its vision is de-centralization and zero trust: No central service is needed for Bitcoin-related operations. The app is a good choice for non-technical people.
Online wallets are not stored on your computer at all, and so can be accessed from anywhere you are able to access the web. With an online wallet you have to take great care not to lose your password and to use a company that you can trust to keep your wallet and coins safe. The following online wallet providers do not hold the private keys for your wallet, and so even if they are hacked or go down, your bitcoin is safe.
Green Address – GreenAddress is a user-friendly multi-signature wallet with improved security and privacy. At no time your keys are server side, not even encrypted. For security reasons, you should always use 2FA and the browser extension or Android App.
Bitgo – BitGo is a multi-signature wallet offering the highest levels of security. Every transaction requires two signatures, protecting your bitcoins from malware and server attacks. Private keys are held by the user such that BitGo cannot access the bitcoins. It is a good choice for non technical users.
Blockchain.info – Blockchain.info is a user-friendly hybrid wallet. It stores an encrypted version of your wallet online but decryption happens in your browser. For security reasons, you should always use the browser extension and email backups.
The following online wallets are very secure, but they control the private keys of your bitcoin, so if something happens to them your bitcoin is at risk. Using web wallet is pretty much like using an online bank. You are trusting someone else to protect your money while you have to remember and protect your password. You should always choose such services carefully.
Coinbase – Coinbase is a web wallet service that aims to be easy to use. It also provides an Android web wallet app, merchant tools and integration with US bank accounts to buy and sell bitcoins. If you sign up using the following link, you will get $1 free bitcoin in your coinbase account!http://goo.gl/ypnXCi
Coinapult – Coinapult’s wallet is designed with Bitcoin newcomers in mind. It allows sending bitcoins via email and SMS, and a handy tool called Locks helps protecting your balance from Bitcoin price swings. Users can Lock bitcoins to Gold, Euros, and more!
We are starting to see companies producing outstanding hardware wallets that provide a very secure way to store your bitcoins. visit buy bitcoin worldwide to buy bitcoin from anywhere to put into your bitcoin wallet.
Trezor – TREZOR is a hardware wallet providing a high level of security without sacrificing convenience. Unlike cold storage, TREZOR is able to sign transactions while connected to an online device. That means spending bitcoins is secure even when using a compromised computer.
You can use the Ledger Nano on any computer, and even connect it to your Android smart phone to make bitcoin payments. The wallet and software are so simple that pretty much anyone can install and use it easily, without needing any technical skills.
Download a desktop bitcoin wallet for your PC:
Desktop wallets are installed on your computer, please remember that YOU are responsible for protecting your money and doing backups. You need to make sure your computer is secure and up to date with anti-virus software.
Bitcoin Core wallet – Bitcoin Core is a full Bitcoin client and builds the backbone of the network. It offers the highest levels of security, privacy, and stability. However, it has fewer features and it takes a lot of space and memory. By using this wallet you will download the entire blockchain of bitcoin.
Electrum – Electrum’s focus is speed and simplicity, with low resource usage. It uses remote servers that handle the most complicated parts of the Bitcoin system, and it allows you to recover your wallet from a secret phrase.
Multibit wallet – MultiBit is a lightweight client that focuses on being fast and easy to use. It synchronizes with the network and is ready to use in minutes. MultiBit also supports many languages. It is a good choice for non-technical users.
Hive – Hive is a fast, integrated, user-friendly Bitcoin wallet for Mac OS X. With a focus on usability, Hive is translated into many languages and has apps, making it easy to interact with your favorite Bitcoin services and merchants.
Armory – Armory is an advanced Bitcoin client that expands its features for Bitcoin power users. It offers many backup and encryption features, and it allows secure cold-storage on offline computers.
Backup your wallet
Bitcoin services and software allow you to backup your wallet, which can be printed on paper or saved to a USB drive. Stored in a safe place, a backup can protect you against computer failure and many human mistakes.
Encrypt your wallet
Encrypting your wallet allows you to set a password for anyone trying to withdraw any funds. This helps protect against thieves and hackers, though it cannot protect against keylogging hardware or software. However, you should make sure you never forget the password or your funds will be permanently lost. Unlike your bank, there are no password recovery options with Bitcoin!
Use an offline backup for savings
An offline backup of a wallet provides the highest level of security for savings. It involves storing a wallet only on paper and on usb keys in different secured locations that are not connected to the network. This is a good protection against computer failures, computer vulnerabilities, theft and human mistakes. As of today, this approach still requires some technical knowledge to be done correctly.