{"id":9322,"date":"2023-04-04T05:52:43","date_gmt":"2023-04-04T05:52:43","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9322"},"modified":"2025-09-10T15:24:27","modified_gmt":"2025-09-10T15:24:27","slug":"what-bitcoin-wallet-is","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-bitcoin-wallet-is","title":{"rendered":"What is a bitcoin wallet and how it works"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-bitcoin-wallet-is\/#bitcoin_wallet_how_to_save_your_bitcoins_and_other_cryptocurrencies\" >Bitcoin Wallet: how to save your bitcoins and other cryptocurrencies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-bitcoin-wallet-is\/#what_is_a_bitcoins_%e2%80%93_cryptocurrencies_wallet\" >WHAT IS A BITCOINS \u2013 CRYPTOCURRENCIES WALLET?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><div id=\"row-434441033\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h2><span class=\"ez-toc-section\" id=\"bitcoin_wallet_how_to_save_your_bitcoins_and_other_cryptocurrencies\"><\/span><span data-line-height=\"xl\"><b>Bitcoin Wallet: how to save your bitcoins and other cryptocurrencies<br \/>\n<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1379856736\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>If you are a cryptocurrencies newbie and have just entered into this world, you will surely have asked yourself this question:\u00a0<b>\u201c<\/b><i>Once I have made a cryptocurrencies purchase, how and where can I store my crypto?<\/i><b>\u201c<\/b><\/p>\n<p>Well, today we will try to answer your question and explain<b>\u00a0what is a bitcoin wallet and how it works.<\/b><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div><\/div>\n<div id=\"row-1915061102\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h3 class=\"uppercase\"><span class=\"ez-toc-section\" id=\"what_is_a_bitcoins_%e2%80%93_cryptocurrencies_wallet\"><\/span><b>WHAT IS A BITCOINS \u2013 CRYPTOCURRENCIES WALLET?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Whenever we want to buy bitcoin or other cryptocurrencies, in the case of digital money (not physical), we will be asked for the address of the wallet in which we want to receive and store them.<\/p>\n<p>Therefore, a wallet (digital wallet), serves to\u00a0<b><i>store, send and receive bitcoin or other cryptocurrencies safely<\/i><\/b>.*<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-982236959\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p><i>* We remember that, after having validated a cryptocurrency transaction, this is reflected and stored in the blockchain and\u00a0<\/i><b><i>the wallet only stores and gives access to the information about that transaction<\/i><\/b><i>, not the currency itself. This guarantees that your crypto are stored in the blockchain and only belong to you.<\/i><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1235156887\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<p><b>Security is guaranteed by two features<\/b>\u00a0<i>that each digital wallet has:<\/i><\/p>\n<ol>\n<li><b>A public key:\u00a0<\/b>it is a public code that, in the case of the wallet,\u00a0<b><i>represents your public address of the wallet<\/i><\/b>, necessary to share it with other users who want to send you cryptocurrencies. It is a hard-to-memorize character string that is also reflected in a QR code, so you can easily share it with other users. The same key (even if it is not nominative) communicates the amount of cryptocurrencies stored in your wallet. This key is\u00a0<b><i>very similar to a e-mail account\u00a0<\/i><\/b>or a user account.\u00a0<i>A private key corresponds to each public key.<\/i><\/li>\n<li><b>A private key<\/b>\u00a0: the private key is a code formed by a very long string of characters (and therefore very secure) and\u00a0<b><i>has the same function as the password of an email<\/i><\/b>\u00a0or any private account.<\/li>\n<\/ol>\n<div id=\"image_1990958707\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-original size-original lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2019\/04\/clave-pubica-wallet-privada.jpg\" sizes=\"(max-width: 835px) 100vw, 835px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2019\/04\/clave-pubica-wallet-privada.jpg 835w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2019\/04\/clave-pubica-wallet-privada-300x88.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2019\/04\/clave-pubica-wallet-privada-768x226.jpg 768w\" alt=\"clave pubica wallet privada Bitnovo\" width=\"835\" height=\"246\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2019\/04\/clave-pubica-wallet-privada.jpg 835w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2019\/04\/clave-pubica-wallet-privada-300x88.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2019\/04\/clave-pubica-wallet-privada-768x226.jpg 768w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2019\/04\/clave-pubica-wallet-privada.jpg\" data-sizes=\"(max-width: 835px) 100vw, 835px\" \/><\/div>\n<\/div>\n<p><span data-text-color=\"secondary\"><strong>Example of Public and Private Key generated on Bitaddress.org<\/strong><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-433484116\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>As already mentioned, the private key is associated with a public address and is provided when a new wallet is opened and grants us access and, therefore, the use of the same wallet.<\/p>\n<p>Then, when you need to send cryptocurrency to another person\u2019s wallet, you will need your public address (public key) and your private key in order to access your wallet and your funds.<\/p>\n<p>When a transaction is executing in the blockchain, a digital signature will be created and the transaction will be processed with the private key.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-405472292\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<p>It is very important that you keep your private key secret and that you keep it in a safe place. If you lose your private key, you will also lose access to your wallet and, therefore, your cryptocurrencies.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-365146495\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>As we have seen,\u00a0<b>the public and private key\u00a0<\/b>are two very important elements in a wallet, since they \u00a0are the bedrock of each blockchain network that\u00a0<b>guarantee the security of the system<\/b>.<\/p>\n<p>Now that we have clarified what is a digital wallets, we would also like to explain what types of wallet are available, so you can understand the differences between them and choose the one you consider most safe to store your crypto funds.<\/p>\n<p>For this reason we leave you this interesting article on :\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/types-of-wallet\/\"><b>types of Wallet to use to store cryptocurrencies<\/b><\/a>.<\/p>\n<p>Do not miss it! \ud83d\ude09<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Bitcoin Wallet: how to save your bitcoins and other cryptocurrencies If you are a cryptocurrencies newbie and have just entered into this world, you will surely have asked yourself this question:\u00a0\u201cOnce I have made a cryptocurrencies purchase, how and where can I store my crypto?\u201c Well, today we will try to answer your question and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-9322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9322"}],"version-history":[{"count":2,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9322\/revisions"}],"predecessor-version":[{"id":24748,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9322\/revisions\/24748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7308"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}