Types of secure bitcoin wallets
Bitcoin is one of the most important cryptocurrencies in the world via the Internet and has no tangible or paper circulation, and it may be classified as a pure gold currency due to its high price.
computer wallet
A computer wallet or known as a desktop wallet is installed on your computer, where the keys to your digital wallet are stored on your hard drive or SSD, and a computer wallet is more secure than web and mobile wallets, as it does not depend on an external medium to obtain your data and it is difficult to Steal it or try to hack it, and it is a suitable solution for small investors who trade small amounts of bitcoin through their own devices.
There are a variety of different desktop wallets that cater to different needs. Some focus on security, others on anonymity, convenience, decentralization, and other things. Wallets that run as full nodes download the entire blockchain to your computer. This requires hundreds of gigabytes of disk space and a fast internet connection. However, they do provide granular control over your transactions that you won't find with most wallets. Some of the advantages of operating such a portfolio include but are not limited to:
Digital desktop wallets are distinguished by their diversity, there is a wallet that supports security, another that supports user anonymity, a third that supports a decentralized system in currency trading, as well as wallets that operate with full node technology through which you can download the entire blockchain chains on your computer, which requires Hundreds of gigabytes of storage disk space with a fast internet connection, despite these requirements, it is characterized by precise control while conducting transactions and trades.
Not only does the desktop wallet feature a strong encryption system, it also contains different types with operating systems that help complete trades with flexibility and speed, such as the “fee substitution” operating system that enables you to increase the transaction fees that you previously published to speed up confirmation and verification, and an operating system It helps to control the speed of transactions, in addition to an operating system that requires the blockchain to be fully downloaded to your computer to perform transactions without relying on someone else in the system, and allows creating your own digital wallet applications, a full node operating system.
Hardware wallets
A hardware wallet is a very secure storage method. It stores your private keys in a physical device, which makes it a safe way to store any amount of bitcoins without being attacked by computer viruses or hacking sites, as well as not transferring the statuses stored on your computer. The hardware wallet from the device is just plain text, and in most cases the software in it is open source, that is, it supports the system of decentralization in trading operations.
Most types of hardware or hardware wallets contain screens with layers of security. When a transfer or transaction is made, the screen generates a recovery statement or confirms the amount and address of the payment you wish to make, which makes you remember the steps of the transaction that you perform, and that no errors occur, and to ensure Check these steps You should buy an original device from a trusted manufacturer to ensure that your money on the device or hardware is kept securely.
Although hardware or hardware wallets are safe because they are not directly connected to the Internet and digital currencies are stored on a separate physical device, there are fake hardware wallets that are sold and traded in used and non-original goods markets; With the aim of stealing the currencies and digital assets that will be stored on these devices later.
Always make sure that the hardware wallets you buy are original and belong to a reliable company, and they have an official website on the Internet. You can confirm the URL of the company’s website by searching for it on the Internet and making sure of the security of its devices.
Paper wallet
The idea of a basic paper wallet depends on creating a document or a document that contains a public address to receive bitcoins (similar to a bank account in fiat currencies), and a private key that acts as a protection code for these digital currencies that allows spending, transferring, or trading bitcoins stored at this address, and wallets are printed Paper documents are in the form of QR codes for quick and easy scanning, as well as adding keys to the wallet app for transactions.
Advantages of paper wallets You can use types Allows users to generate a random Bitcoin address using the private key of this address These keys are printed in the form of anti-fouling designs or 3D stickers These keys are also stored offline, which makes them flexible during use , and is not vulnerable to hacking attacks, cyberattacks, and malware that logs keystrokes of other e-wallet addresses.
To ensure that you avoid the risk of any spyware monitoring your activities while opening your wallet, it is advised to use a clean operating system such as Ubuntu, which can be booted via DVD or USB drive, in addition to making sure that the web code is able to work offline while setting up the wallet. Paper files, allowing the user to disconnect from the Internet before private keys are generated.
bank wallet
The basic idea behind the design of digital currencies and blockchain technology was to reduce or eliminate the need for an intermediary such as banks to conduct trades and financial transactions, which made banks stifle Bitcoin-related activities, and banks usually justify that the reason for this narrowing is the money laundering that can occur through these currencies. However, the truth is that banks do this out of fear of the threat that digital currencies pose to the banking system, and to protect their business model from the development of blockchain technologies.