Get started bitcoin wallet

Get started bitcoin wallet

The Bitcoin.com Wallet is a feature packed, non-custodial wallet application for Bitcoin Cash (BCH) and Bitcoin (BTC) cryptocurrencies. One of the most useful features of the app is that it supports something known as a ‘shared wallet’. Also known as aВ multi-signatureВ (or multisig) wallet, a shared wallet is accessible by a two or more persons and requires at least oneВ of these ‘cosigners’ to authorize the spending of BCH from the shared wallet.

Table of Contents

1. Create a shared Bitcoin wallet by following these 5 steps:
2. Why use a shared wallet?
3. Remember!

Create a shared Bitcoin wallet by following these 5 steps:

1. Download the Bitcoin.com Wallet app for iOS, Android, Windows, Linux, or Mac
2. From the Home screen, tap the «+» in the Bitcoin Cash Wallets Menu to create a new wallet.
3. From the «Add Wallet» menu, select «Create shared wallet»
4. Set the ‘wallet name’, ‘your name’, ‘total number of copayers’ and the ‘required number of signatures’ needed to send BCH from the shared wallet.В Note: ‘Total number of copayers’ is the number of people or devices that will have access to this wallet. ‘Required number of signers’ is how many of these people or devices will have to manually authorize a transaction before it can be sent.
5. Create the wallet and then share the invite code with the other people who you want to join the wallet. This codeВ can also be scanned or the block of text copied and pasted

Why use a shared wallet?

• Security:В A single user with multiple devices can use a shared wallet to increase security of transaction capabilities. This way, even if your smartphone is stolen, the thief would be unable to spend from the shared wallet without authorization from the additional cosigners (i.e. one of your other devices).
• **Accounting:В **A shared wallet gives all cosigners access to the transaction history of a single wallet.
• **Third party escrow or mediation:В **For making a bet or buying something online.
• Voting on use of funds:В An organization can be set up to only be able to send a payment after reaching a required threshold of authorizations.

To understand how shared wallets can work, consider this common use-case: Jasmine wants to setup a shared wallet at her company for payroll purposes. She wants 3 managers and herself to have access to the same wallet. This wallet sends salary payments to employees each month. She creates a new shared wallet, sets the name as «Payroll Wallet». She then adds her name and sets the total number of copayers to 4 (herself and the 3 managers). Lastly, she sets the required number of signers to 3. This means any of the 4 cosigners can submit a payment request but the payment will not be completed until 3 of the 4 cosigners give their authorization within the app.

Remember!

Multisig wallets are just like normal wallets—no exception: each cosigner within a shared wallet has a unique private key which grants them (partial) access to the wallet. It is very important to have all cosigners createВ backup to their shared wallet(s)! Warning: If you create a wallet where 3-of-3 cosigners are required, then if one cosigner loses his or her device (and doesn’t have the backup), or refuses to sign a transaction, then the funds within that wallet will be inaccessible to all participants! For this reason, it is not recommended to create shared wallets that require the signatures of all participants. В As you can see, multi-signature wallets are useful for a number of reasons. To create your own shared wallet download the Bitcoin.com Wallet app today!

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Your gateway to Bitcoin and beyond. Buy, sell, trade, and invest in one safe and simple app.

Every feature you need for economic freedom in one digital wallet

Buy, sell, and trade

Build and manage your crypto portfolio from your mobile device. Buy with your credit card, payment app, or bank account. Instantly swap between cryptocurrencies. Protect your returns by trading into USD stablecoins.

Manage your spending

Create ‘saving’ and ‘spending’ wallets to organize your funds. Add personal notes to transactions and get a complete history of buys, sells, trades, and spends.

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Hold the keys to your digital assets in a wallet so secure, no one can access it except for you — not even us. Protect your money with passcode and biometric security features. Automatically back up all your wallets and restore access with a single custom password.

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What is Bitcoin?

Bitcoin is based on the ideas laid out in a 2008 whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System

How do I create a Bitcoin wallet?

Creating a Bitcoin wallet is as easy as installing software on your mobile device or computer

How do I receive bitcoin?

To receive bitcoin, simply provide the sender with your address. You just need to make sure you’re providing the right one.

What is Bitcoin?

Bitcoin is based on the ideas laid out in a 2008 whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System

How do I create a Bitcoin wallet?

Creating a Bitcoin wallet is as easy as installing software on your mobile device or computer

How do I receive bitcoin?

To receive bitcoin, simply provide the sender with your address. You just need to make sure you’re providing the right one.

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Get started bitcoin wallet

Вы новичок в биткоине и криптовалюте? Прочтите несколько простых руководств и ресурсов для начинающих.

Впервые имеете дело с биткоином?

Просмотрите руководства для начинающих ниже и начните свое путешествие в мир криптовалюты. Эти руководства помогут вам быстрее освоить важные темы независимо от вашего текущего уровня знаний.

Изучите основы

Познакомьтесь с биткойном и узнайте, почему это важно

Изучите основы

Познакомьтесь с биткойном и узнайте, почему это важно

Как получить биткоины?

Чтобы получить биткоины, просто предоставьте отправителю свой адрес, но убедитесь, что вы предоставляете правильный адрес

Как получить биткоины?

Чтобы получить биткоины, просто предоставьте отправителю свой адрес, но убедитесь, что вы предоставляете правильный адрес

Как купить биткоины?

Узнайте, как получить свои первые биткоины за считанные минуты

Как купить биткоины?

Узнайте, как получить свои первые биткоины за считанные минуты

Больше популярных статей

Что такое биткоин?

Биткоин основан на идеях, изложенных в документе 2008 года, озаглавленном Bitcoin: A Peer-to-Peer Electronic Cash System («Биткоин: одноранговая система электронных денег»)

Как продать биткоины?

Узнайте, как безопасно продавать биткоины в своей местной валюте

Как отправить биткоины?

Отправить биткоин очень просто — укажите сумму для отправки и решите, куда она отправится

Как мне сохранить свои биткоины в безопасности?

Убедитесь, что ваши цифровые активы в безопасности, с помощью этих простых советов

Как создать биткоин-кошелек?

Создать биткоин-кошелек очень просто — нужно всего лишь установить программное обеспечение на мобильное устройство или компьютер

Как работают криптокошельки?

Вам нужен кастодиальный кошелек или нет? Как вы можете защитить свои средства?

Как работают криптобиржи?

Насколько безопасно хранить свою криптовалюту на централизованных биржах?

Как биткоин облагается налогом?

Изучите основы налогообложения биткоина и других криптовалют

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Get started bitcoin wallet

Creating a Bitcoin wallet is as easy as installing software on your mobile device or laptop/desktop.

When you install the app, your Bitcoin wallet is automatically created. You can then receive bitcoin to your wallet immediately, store it safely, and use it as you please.

Table of Contents

1. Which Bitcoin wallet should I choose?
2. Software wallets: convenient buying, selling, storing, trading, and using
3. Hardware wallets: long-term storage for larger amounts of bitcoin
4. Web wallets (AKA cryptocurrency exchanges): convenient buying, selling, and trading
5. Paper wallets: alternative to hardware wallets, unique method for gifting bitcoin

Which Bitcoin wallet should I choose?

There are a number of wallet apps on the market from a variety of vendors and with different features to choose from. We welcome you to try the Bitcoin.com Wallet, the fully non-custodial crypto wallet trusted by millions.

The Bitcoin.com Wallet is what’s known as a ‘software wallet‘. It provides an excellent combination of security and ease-of-use. Depending on how you’re using your bitcoin though, you may want to consider another wallet type. Here’s a rundown on the different types of Bitcoin wallets and their respective pros & cons:

Software wallets: convenient buying, selling, storing, trading, and using

• Software wallets take the form of an app which is downloaded for free to your phone or desktop. You simply open up the app and can make Bitcoin transactions in an instant.
• Since software wallets are connected to the Internet, there’s a small risk of hacking. Therefore, it is recommended to not store large amounts of bitcoin in your software wallet.
• While there have been a few isolated cases of software wallets being hacked, by far the greater risk is that you lose your ‘private key,’ which is like the password to your wallet. Therefore, it’s critical to backup your wallet and adhere to password management best practices.

Tip: Make sure the software wallet you’re using is fully non-custodial like the Bitcoin.com Wallet, meaning only you can access your coins — not the wallet provider. This protects you from the risk of fraud or bankruptcy by the wallet provider.

Hardware wallets: long-term storage for larger amounts of bitcoin

• Hardware wallets, also known as cold wallets, are physical devices created specifically for the purpose of storing cryptocurrencies. They offer the best security for your digital assets because they insulate you from the Internet, making it effectively impossible for hackers to infiltrate your wallet.
• Since they take more time to access, hardware wallets aren’t ideal for making frequent Bitcoin transactions. Use them for long-term storage instead.
• As with software wallets, you need to back up your private key and adhere to password management best practices.

Tip:В Hardware wallets are well worth the money — especially if you own a lot of bitcoin. To make sure the device isn’t compromised, only buy one from a company you can trust.

Web wallets (AKA cryptocurrency exchanges): convenient buying, selling, and trading

• Centralized cryptocurrency exchanges are a popular place for many newcomers to buy their first bitcoin because they make the buying process very simple. It’s like opening a trading account.
• However, the cryptocurrency exchange itself retains control over the funds in your account. Not only does this expose you to the risk of the exchange getting hacked or going bankrupt, it also means you have to ask for permission to withdraw your bitcoin, wait longer to withdraw, and usually pay higher transaction fees for withdrawals.
• We recommend using cryptocurrency exchanges only for trading (not for storing your bitcoin).

Tip:В Cryptocurrency exchanges are not a secure place to store digital assets. Once you’ve bought your bitcoin, you’re advised to move it to your software or hardware wallet if you don’t plan on trading it immediately.

You can start your trading journey today with the Bitcoin.com Exchange.

Paper wallets: alternative to hardware wallets, unique method for gifting bitcoin

Paper wallets are created by downloading a software package, then running the software (for security, preferably in an offline environment) to generate a public/private key pair which you print out on a piece of paper. Having created a paper wallet, you can send any amount of bitcoin to the wallet address. To spend it, you use the private key written on the paper to sign the spend transaction.

Like hardware wallets, paper wallets allow you to store bitcoin completely offline. This makes them a lower-cost alternative to hardware wallets.

Since the public/private key pair is written on the paper, handing over the paper to another person is similar to handing over a cash note. This makes paper wallets a novel way to exchange bitcoin face-to-face.

You can create your own Bitcoin Cash paper wallets at Paperwallet.bitcoin.com.

Buy as little as $30 worth to get started

Choose from Bitcoin, Bitcoin Cash, Ethereum, and more

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