Bitcoin wallet android export private key
We’ve talked about ways to get your hands on Bitcoin, as well as exchanges where you can buy and sell Bitcoin, so an overview of some of the more notable Bitcoin wallets out there is probably long overdue. Generally, Bitcoin wallets, despite the name, don’t actually store Bitcoins. Instead, wallets consist of two keys, a public key and a private key, that are used to associate particular Bitcoins with your wallet.
the private key allows you to spend Bitcoins.
As you might imagine, the security of your private key is incredibly important, lest someone gains access to your wallet and spend all the Bitcoins you’ve mined or traded for. Which wallet you choose depends on whether utmost security or increased convenience is more important, and it’s recommended that you don’t stick to one particular type of wallet. Here’s a list of 10 different wallets for secure Bitcoin storage.
Recommended Reading: 20 Places To Spend Your Bitcoins
Bitcoin Core is the original Bitcoin wallet, originally developed by Satoshi Nakamoto and continually updated by the core Bitcoin development team. While it doesn’t have the advanced features of Armory or the social aspect of Hive, Bitcoin Core is probably the most scrutinized and worked-on wallet out there, making it a trustworthy choice.
One thing to be aware of is the fact that Bitcoin Core is a fully fledged node of the Bitcoin network. So it requires the entire blockchain to run. Bitcoin Core is available on Windows, Linux and Mac, and is also available as a Ubuntu PPA.
Multibit is a lightweight software wallet. As with most software wallets, Multibit encrypts your private keys locally (or on a USB stick). One useful characteristic of Multibit is that it doesn’t need to download the entire blockchain to access, send and receive funds. Multibit connects directly to the Bitcoin network and downloads only a small part of the blockchain, making it very fast to use.
Since Multibit doesn’t download the entire blockchain, it also takes up a lot less space on your hard drive, which can be important in some situations. Multibit has also been translated into more than 35 languages and is available on Windows, Mac and Linux.
