Saturday, January 9, 2021

Bitcoin Core Wallet

 

If you are reading this article, you are sure that you have Bitcoin or Satoshis on your exchange, there is a maxim that you should not forget, keep your coins safe, which you will have seen many times on the network.
This phrase is well known among bitcoiners:

"Not your keys, not your Bitcoin"

What does this mean?
It is very easy, if your coins are in an exchange and it is compromised it is almost certain that you will lose your coins or have a lot of problems to recover them, but if you have them in your wallet they are always safe.
Having your coins in your wallet implies responsibility, you are your own bank.
The official Bitcoin wallet is the desktop wallet developed by Bitcoin Core.
There are other types of wallet such as hardware wallets or mobile wallets.

Always download the wallet from the official Bitcoin website.

- Don't forget to put a strong password in your wallet.
- Always keep an external backup of your wallet.dat

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