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HOW TO DOWNLOAD A BITCOIN WALLET ?

Bitcoin has it made in the world of digital currencies the best about them is there is no one man controlling it except for the participators, and to download a wallet with the highest protection must be your sole aim unless you are in the chips and then you can remain footloose and fancy-free.

Every bitcoin owner must know that safety and security of your bitcoins is ultimately your responsibility. Combinitation of digital security knowledge and having a secure having a treat. Remember bitcoin transactions are not reversible. To send and spend bitcoins you will need access to both public and private keys, private keys must be protected to be sitting pretty.

There are 5 types of wallets with varying security mechanism to ensure safety according to choice of your wallet download. Desktop, mobile, online, hardware and paper wallets. I will now explain how you can download these various wallets according to their security levels.

DESKTOP WALLETS

(Pic 0 here)Let’s start with, desktop wallet, yes it is a wallet on your desktop but to get it is not as simple as entering into Hugo boss. Desktop wallets offer one of the highest security levels in terms of bitcoin storage, download the software on the desktop and perform your transactions, to the newbie’s it might sound confusing and too technical. Everyone has an Achilles’ heel, but this one does well. Let’s see the types of desktop wallets and how to download them.

BITCOIN CORE

  • Bitcoin core has control over both your public and private keys, being the first original wallet it ensures a safe storage. However, it requires lot of space as it records every bitcoin transaction ever performed. As of recent updates you will need 145 GB of free space, time to move those movies and make place because the number might increase with the increase in transactions. Desktop or laptop hardware running recent versions of Windows, Mac OS X, or Linux.
  • 145 gigabytes of free disk space
  • 2 gigabytes of memory (RAM)
  • A broadband Internet connection with upload speeds of at least 400 kilobits (50 kilobytes) per second

HOW TO DOWNLOAD-

Windows

Go to the Bitcoin Core download page and verify you have made a secure connection to the server.

Click the large blue Download Bitcoin Core button to download the Bitcoin Core installer to your desktop.

After downloading the file to your desktop or your Downloads folder, run it by double-clicking its icon. Windows will ask you to confirm that you want to run it. Click Yes and the Bitcoin installer will start. It’s a typical Windows installer, and it will guide you through the decisions you need to make about where to install Bitcoin Core.

To continue, choose one of the following options

  1. If you want to use the Bitcoin Core Graphical User Interface (GUI), proceed to the Bitcoin Core GUI section below.
  2. If you want to use the Bitcoin Core daemon (bitcoind), which is useful for programmers and advanced users, proceed to the Daemon section below.
  3. To want to use both the GUI and the daemon, read both the GUI instructions and the daemon instructions. Note that you can’t run both the GUI and the daemon at the same time using the same configuration directory.

Bitcoin GUI

Press the Windows key and start typing “bitcoin”. When the Bitcoin Core icon appears.

You will be prompted to choose a directory to store the Bitcoin block chain and your wallet. Unless you have a separate partition or drive you want to use, click Ok to use the default.

Your firewall may block Bitcoin Core from making outbound connections. It’s safe to allow Bitcoin Core to use all networks

Bitcoin Core GUI will begin to download the block chain.

Bitcoin daemon

To start Bitcoin Core daemon, first open a command window: press the Windows key and type “cmd”. Choose the option labelled “Command Prompt”.

Bitcoin Core daemon should start and print a message that Bitcoin Core is starting.

To interact with Bitcoin Core daemon, you will use the command bitcoin-cli

When Bitcoin Core daemon first starts, it will begin to download the block chain.

Mac OS X

Instructions for Bitcoin Core 0.14.2 on Mac OS X Yosemite

Go to the Bitcoin Core download page and verify you have made a secure connection to the server.

Click the large blue Download Bitcoin Core button to download the Bitcoin Core installer to your Downloads folder.

After downloading the file to your Downloads folder, run it by double-clicking its icon. OS X will open a Finder window for you to drag Bitcoin Core to your Applications folder.

 

Bitcoin core GUI

The first time running Bitcoin Core, Max OS X will ask you to confirm that you want to run it:

You will be prompted to choose a directory to store the Bitcoin block chain and your wallet click Ok to use the default.

Bitcoin Core GUI will begin to download the block chain and you can use it as your bitcoin wallet.

 

NOTE:

These steps will take at least several days, and it may take much more time on a slow Internet connection or with a slow computer. During the download, Bitcoin Core will use a significant part of your connection bandwidth. You can stop Bitcoin Core at any time using the stop command; it will resume from the point where it stopped the next time you start it.

MultiBit

MultiBit is a lightweight (30MBs) desktop bitcoin wallet. MultiBit classic is designed to be easy to use as possible, it is intended for small scale merchants who want to use bitcoin wallet for day to day activities.

HOW TO DOWNLOAD:

Windows

Download the installer from multibit.org, after downloading double- click on the installer icon and use the default settings (recommended). You will be then taken to wallet creating process step by step.

MAC OS X

Download the Mac OS X installer. After you have downloaded it double-click and a folder window opens, there drag the MultiBit classic.app application to the applications link. MultiBit classic will be copied to your app folder.

MOBILE WALLETS

A zipped case likes above; in our phones I wish! But it can be true with a slight twist here, now you don’t have to deposit cash in your bank accounts, get instant cash and carry out instant transactions with the mobile friendly bitcoin wallets. They are not just accessible but practical too. Make sure your phones don’t have all your savings because the chances of losing mobile phones are more than of losing desktops.

MYCELIUM

It’s one of the safest and most reliable bitcoin wallets. Lean and simplistic looking application works very well and performs task at ultra speed.

IOS and android

Download Mycelium Wallet app from Google Play or iTunes (iOS) and install. Open the app, and choose “New wallet”. You can use your wallet right away. For security reasons you will be directed to backup by setting up a 12 letter phrase called seed, this seed will be used for your further transaction so note it down where Aunt Mel can’t find. Further to avoid anyone from using your wallet you can set up a pin code and now life can be happy-go-lucky.

WIREX

This bitcoin service provider offers both online and mobile secure bitcoin wallets what differentiates it from others is its high level of security without compromising the ease of its use.

Wirex wallet can be installed from play store or i store and then register you on the app.

XAPO

This wallet combines private key and multi signature technology to keep the bitcoin users safe from giving treats. Its servers are kept in the far artic ocean beneath the cold freeze water where there in a steel vault which is protected by the sea god! You can download it from play store or istore.

ONLINE WALLETS

Online bitcoins do not differentiate they can be found on any device as long as it is connected to the internet. They help in making faster and easy transactions due their accessibility. Slow down wallet holders because it’s prone to malware and hacking, you wanted accessibility anywhere you said now you get it with a surprise.

BLOCKCHAIN.info

Use your Blockchain wallet on the go. Download the Blockchain app from play store or istore to access the same wallet, same bitcoin, and same transactions, all on your mobile device.

Scan a friend’s QR code to seamlessly send and receive bitcoin

Use Touch ID to unlock your wallet

Client-side encryption ensures that you’re the only one with access to your funds

Supports 25 languages, and converts over 22 currencies, free and open source. Automatic backups mean your data is safe, even if your device is damaged or lost.

Bit go and green address, are other online wallets

HARDWARE WALLET

Hardware wallets are the choice to many bitcoin keepers to hold large number of bitcoins they are user friendly and most importantly portable, the option of carrying your device and plug play gives users a complete control of their wallets.

KEEPKEY

The biggest fear of bitcoin holder is the loss of their bitcoin savings and keepkey alleviates this problem, as it’s a physical device every time a transaction has to be made the device should be manually connected. In case your devise falls into wrong hands it is PIN-protected.

KeepKey provides top-notch security and protects against both physical & virtual theft. It can be used on any computer, even one that’s been infected with malware or targeted by hackers. Think of it as a tiny computer that’s built specifically to store Bitcoin private keys.

It is available on Amazon for 99$ its price is high due to its metal body, digital screen and high level of security.

TREZOR

This cute little device has gained lot of significance and is endorsed by many bitcoin communities. It is a wallet which has never been hacked and provides security against hackers or malware and in case of a theft or loss provides recovery.

It is available for a whopping price of 209$ and 108$.

PAPER WALLET

Uh! Paper! Give your imagination a break! It is surely a paper not with dollar bills but with QR codes. They are very safe against hackers as they are brought offline. The benefit of having a paper wallet is that they are not stored digitally anywhere, storing it in an online or hardware wallet may let you wave bye-bye to your digital treasure.

The problem with paper wallets is storage, because let’s be honest about how we keep the papers, the ink may fade and they are extremely fragile plus there is no recovery option, and if you are organised, responsible pup this is your type of wallet! And if not you’ll be in a Dutch.

It’s just transferring all your digital coins to a paper just using a printer

In detail

A bitcoin wallet contain s two keys that , a public key which your wallet address and allows other people to send bitcoins to you and a private key which allows you to send or trade bitcoins and the combination of both the keys is what makes crypto currencies possible. To safeguard your private key it is important for you to have a secure wallet.

It is a document of your public and private keys that make up a wallet and it will often have a QR code so you can scan them and transact using your digital software.

PAPER WALLET

  1. Now this is fun! Browse BitAddress.org (press ctrl + link to follow)j now randomly move the cursor or type in anything you want in the box, You will be presented with your public (share) and private(secret) keys and their respective QR codes. Do not scan these.
  2. Click the Paper wallet tab.
  3. Select the number of addresses you want to generate. If you dont wish to keep the bitcoin artwork, click the Hide art? button.
  4. Click the Generate button to create new wallets. Once the wallets are generated, click the Print button to make a hard copy. Your browser will ask you to select the printer you wish to use. In the case of Google Chrome, you may also save the page as a PDF file.
  5. Make a note of the public addresses, or scan the public address QR code in your bitcoin app and start depositing funds.

Bitcoin wallets are very easy to download but it’s up to you to choose the perfect one for you and if you have a Midas touch then you’re good to choose any one of them. The main factor to keep in mind while choosing your wallet is to which is accessible to you, which will give you maximum security and is easy for you to operate. Now tighten your belt and give it a try who knows you might ride a gravy train.

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