Post
Topic
Board Beginners & Help
Re: What is the difference between a bitcoin address and a bitcoin wallet?
by
Asuspawer09
on 10/07/2020, 15:05:24 UTC
Isn't the address is same as wallet?

In short,  bitcoin address is like your bank account number.  
Wallet is like your bank name (they manage many bank accounts ). 😀😀
It's simplest explanation for new members I guess.
If you want to receive money in your bank account you just give your IBAN in EU or Swift code outside of EU.
In the same way,  if you want to receive btc funds you just give your btc address but of course don't share your private key.


Well said, Also pick the best bitcoin wallet that you could find and store your bitcoin in that wallet and then find the most reliable bitcoin wallet in your country when you could go in and out of your funds.

With that, you could just store everything in the best bitcoin wallet, and then just send a few to the other wallet when you want to withdraw. Keep in mind that every transaction of your bitcoin wallet is recorded in the blockchain.