What is a bitcoin wallet? A bitcoin wallet is a totally free software purse in which you can store your bitcoins. With those bitcoins you can purchase goods online, at Nirvanashop and many other webstores.
There are currently two types of wallets: web wallets and local wallets. While a web wallet is fairly easy to use, local wallets offer more privacy and security.
In short, web wallets are fast and easy to use. But you risk the chance of being banned. Which in some cases causes you to lose your web wallet because of breaking the provider’s policies.
Local wallets provide more anonymity because your transactions won’t be going through your bitcoin provider and your bitcoins are stored in your local wallet. Which means, your provider’s can’t trace your transaction and have no idea what you bought.
In this guide we we will teach you how to either use a web wallet to purchase bitcoins and purchase goods with the same web wallet.
Or using a web wallet to purchase bitcoins and use a local wallet to purchase goods for more anonymity.