What is a Bitcoin Wallet? (in Plain English)

A Bitcoin wallet is a device or program that stores your private keys and allows you to interact with the Bitcoin blockchain (i.e. send and receive Bitcoins).

It’s important to differentiate between wallets where you have complete control over your private keys (non-custodial) and those that don’t give you access to your keys (custodial).

That's Bitcoin wallets in a nutshell. For the complete explanation keep on watching the video here's what I'll cover:

0:55 - Bitcoin wallets in a nutshell
1:22 - What is a private key?
1:55 - What is a Bitcoin address?
2:22 - What are HD wallets?
3:13 - Backing up your private key
3:41 - Different Bitcoin wallet available
7:30 - Cold storage wallets
7:51 - Paper wallets
8:25 - Hardware wallets
9:07 - Brain wallets
10:00 - Multisig explained
11:31 - How to choose a Bitcoin wallet
12:53 - Conclusion

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[Bitcoins]

CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers.
Stay safe 🙏🏻🙏🏻🙏🏻

[Alanrey]

Mother of God that was sooo much nicer than listening to my brother-in-law's explanation

[pjsalesky]

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[mercydonald]

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[WisdomWell-Quotes]

I have to tell you, that is such a professional and detailed explanation. This was precisely the information I was seeking. Thank you.

[jabarri]

This is gold! How does this man only have 120K subscribers?

[soundmindtv]

Gotta love how he smiles/smirks every time he gives you warnings against the worst risks 😂

[danielbertram]

Finally a good documentary for learning crypto coins! Congrats!

[cryptokane]

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[hectordamian]

Congratulations for the content and thanks for making this easy to understand!

[degolyohannes]

Wow, I appreciate how you explain the different bitcoin wallets. It easy to follow., 🙏🙏

[masonhill]

I wish you could have been all my teachers in highschool

[AbdulazizAlAzmi-puns]

Great video! Some key points were highlighted that I hadn't heard anyone else discuss. Thank you!

[bryanwilson]

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[ronniemakombore]

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[luckyedwards]

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[Uk.Cinema]

I truly enjoyed your explanation... But now I need more help from you

[Skazhiphop]

These are great videos even for ppl who consider themselves “experts” the basics are important. Not everyone is a quant, these are perfect for the every person.

[orangemountain]

When you say 'Bitcoin Wallet' are you specifically referring ONLY to Bitcoins or does it include all other Cryptocurrency? What I mean is do I need a seperate Ethereum wallet, TRON wallet, Binance wallet and so on ... OR will one wallet hold all my cryptocurrencies?

[johnsouza]

I would like to ask if I have my crypto wallet in my mobile can I transfer it to a hard wallet directly from my mobile because what I see is all soft wallets that gets transfer to a hard wallet is from laptops and computers.