What is a Bitcoin wallet?

A Bitcoin wallet is what you use to store, send and receive Bitcoins.

Setting up a Bitcoin wallet is very easy and takes just a few seconds--all you need is an email address, and a password of your choice. You will be able to send and receive payments immediately.

Wallet address

Your wallet address is like your bank account for digital currencies.

Just like a bank account which has an assigned, unique bank account number, your Bitcoin wallet has an assigned, unique wallet address. This address consists of up to 34 random digits (consisting of numbers and letters, both uppercase and lowercase).

Here's an example of a Bitcoin wallet address: 1DeqSt7Kfe49gLg2sf3thsWekxeuCAFrET

It is important to note that addresses are case-sensitive. This means changing even just one letter from uppercase to lowercase (ex. changing a "T" into a "t") will turn it into a different address entirely.

coins.ph wallet

All coins.ph accounts come with with a wallet, which you can use to store, send and receive Bitcoins as you would any other wallet.

To create you own coins.ph account, click here and earn free bits when you sign up. If you buy $100 USD (₱4,709) of bitcoin or more using this link we will both earn $10 USD (₱470) of free bitcoin.

Wallet providers

You can use wallets from any Bitcoin wallet provider you prefer. You can also open wallet accounts with as many providers as you like.

There are wide array of companies that offer the Bitcoin wallet service. The popular ones include:

Blockchain.info (Browser-based)
MultiBit (Desktop wallet for Windows, Mac and Linux)
Bitcoin Wallet (Mobile wallet for Android)
There are four different kinds of wallets: desktop wallets, browser-based wallets, mobile wallets, and hardware wallets. They differ mainly in where they are stored (i.e. either on your laptop, on a third party website, on a mobile device, or on a specialized offline device), and thus, they each come with their own pros and cons.

Source: https://coins.ph/

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