What is a Wallet for Cryptocurrency?
A Bitcoin wallet is an app or program that allows you send and receive Bitcoin Cash (BCH) or Bitcoin Core (BTC). Wallets also keep track of your BCH or BTC balance which is held in one or more bitcoin addresses. Generally, wallets also have a feature that keeps a history of your transactions.
There are many different wallets across various platforms. While they all share certain basic functionality, features vary from one wallet to the other so it’s worth learning more about How to Choose a Bitcoin Wallet before downloading the wallet of your choice.
Your private keys are encrypted and never leave your computer.
Your funds can be recovered from a secret phrase.
Exodus encrypts private keys and transaction data locally.
Your data remains private – no account setup required.
Bitcoin ABC is a full node implementation of the Bitcoin Cash protocol.
Bitcoin is a worldwide peer-to-peer electronic cash system.
Bitcoin XT is a full node implementation of a Bitcoin Cash (BCH).
The wallet service is like the backend for traditional SPV wallets except that is much more feature-full.