What is Bitcoin
a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital currency, digital cash, virtual currency, electronic currency, or cryptocurrency.
Key considerations when you choose bitcoin wallets
Control of private keys – Do you own and control your keys?
Backup & security features – Do you have seed backup keys and pin codes?
Developer community – Does it have an Active development community for maintenance?
Ease of use – Does it have an elegant User Interface for fast and easy use?
Compatibility – Is it compatible on different operating systems?
Do you need a wallet for everyday purchases or just buying and holding digital currency?
Do you plan to use several currencies or one single currency?
Do you require to access your digital wallet from anywhere or only from home?
Always remember the 3 rules:
- Always Backup your wallet, Always! (12 or 24 words phrase and keep it safe!)
- Always encrypt your wallet! (Password and pincode)
- Diversify your bitcoins across several bitcoin wallets