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The Cryptoverse - What Is A Bitcoin Wallet? - The Best Explanation EVER

What Is A Bitcoin Wallet? - The Best Explanation EVER

This is a free sample lesson from 'The Secrets Of The Bitcoin Triangle' course, where you will 'Discover The 21 Fast Track Ways To Make And Save With Bitcoin (Starting From Scratch)'.

You can sign up for the full course at: https://www.cryptoversity.com/courses...

A Bitcoin wallet is a piece of software you use to communicate with the Bitcoin network and tell it when you want to send and receive transactions.

The best way to understand a Bitcoin wallet is by comparing it to email.

Once you have setup an email address you need some kind of software to allow you to send and receive emails to that address.

Now this software may be an app on your phone, it may be an app on your laptop or it could even be an app you log into online.

With email, you enter the username and password for your email address into the app and that’s how the Internet knows it’s really you that is sending and receive emails to that address.

Now of course you tell everyone your email address and you have to do that in order for anyone to send you a message. But just because someone knows your email address, that doesn’t allow them to send email from that address.

If they could that would be bad because then they could send emails pretending to be you and cause all kinds of problems.

In order to be allowed to send email from a particular email address, you have to know the password. If someone finds out your email password then there’s nothing stopping them from logging in to your email app and sending messages.

This is very similar to how a Bitcoin wallet works.

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