A wallet is a piece of secure software that connects to the blockchain and lets you take three primary actions:

Check your balance

  • The wallet connects to the blockchain and tallies all your transactions to give you a final balance of coins in your possession.

  • Send coins

  • Using the recipient’s public key, ie, the wallet address, you can send coins from your wallet to your recipient. Transactions are often virtually instantaneous and nearly anonymous.

  • Receive coins

  • Your wallet provides you with an address which you can give to anyone you’d like to receive coins from. Some wallets even give you multiple public addresses including one-time-use addresses for security.

  • There are many types of wallets, from those that reside on your desktop computer to ones you can print out on a piece of paper and downloadable wallets from App stores.


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