What is the best Bitcoin wallet?
On Anycoin Direct you can either use the Anycoin Vault or have the Bitcoin sent to an external wallet. The choice is yours! Throughout this article, we will tell you the purpose of a Bitcoin wallet, the different types of Bitcoin wallets, the Bitcoin wallets we recommend and how you can use your Bitcoin wallet to buy or sell Bitcoin on the Anycoin Direct platform.
What is a Bitcoin wallet?
A Bitcoin wallet can both be physical or digital, keeps your public and private keys and connects with the ledger. Your wallet's public key, that also serves as your "wallet address", can be viewed as the account number of your Bitcoin bank account. You can access the balance on your public key through your wallet's private key, which is used to approve transactions in the ledger.
What kind of Bitcoin wallets are there?
A diversity of Bitcoin wallets are available for you to choose from. The possibilities range from digital wallets that can be accessed via your phone and computer to real physical hardware wallets. On the image below you can find the most popular wallets and their characteristics.
Which Bitcoin wallets does Anycoin Direct recommend?
At Anycoin Direct we recommend the following wallets:
- Software wallet: Exodus, Guarda
- Mobile wallet: Exodus Mobile
- Full node wallet: Bitcoin Core
- Hardware wallets: Ledger, Trezor
Be aware, that Anycoin Direct is not responsible for the usage of these wallets. Always do your own research!
How can you use your Bitcoin wallet on the Anycoin Direct platform?
By having created a Bitcoin wallet, you can now begin buying , trading or selling Bitcoin on Anycoin Direct. You can find your Bitcoin wallet address if you click the receive button in your wallet, which has to be filled in the flow when buying Bitcoin. By clicking the 'send' button in your Bitcoin wallet you are able to enter the Anycoin Direct Bitcoin wallet address, which is required for you to sell Bitcoin.