Bitcoins are the newest way to transact business in the world, and because it is a digital currency, many are predicting that this will be the way of the future. And in order for you to make Bitcoins transactions with another person or with a business, you will first need to have a Bitcoin Wallet. And this is just the same thing as having a bank account where you can withdraw money and you can deposit funds. (If you need to know the basics about Bitcoins, see this article) And with the Bitcoin wallet, you can store Bitcoins, you can receive them from others, as well you can send them to others. But first you must understand that there are 2 types of wallets, one is a Software Wallet that you can install on your computer or mobile device. And for that type of wallet, you will be in complete control over the security of your Bitcoins and what happen to them. And you must also understand this type of wallet is kind of tricky for you to install and then maintain over time, because you could lose your cell phone, or computer, or other mobile device. And whatever amount of Bitcoins you had on that platform can be hard to recover.
The second type of Bitcoin Wallet you can have is a Web Wallet or a Hosted Wallet. And just like you are thinking, this type of wallet will be handled or hosted by a third party. And supposedly that will be easier to set up and maintain, but then you will run into the problem of trusting the provider with your Bitcoin Wallet. And of course, every provider out there will swear to you that their platform is the most secure in the world, and they will also promise you that they are constantly monitoring your wallet for fraud, for hacks and for any other illegal activities. But just think my friend, if Hackers can break into Apple software and take information and picture from their cloud storage, and if Hackers have hacked into Sony to get all their executive emails, then why wouldn't they be able at some point to break into the software of that third party that is hosting and handling your Bitcoin Wallet? Just remember to look for a place that can guarantee your money, and if something happens they will quickly replace your Bitcoins and they swallow the loss; because no security is infallible. But enough of that, now let me share with you the Top 3 Ways To Open A Bitcoin Wallet.
Bitcoin Wallet for Android and Blackberry
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