Bitcoin is something that many are still learning to understand, and yes, it is difficult to get used to it completely. But one thing that can make bitcoin and bitcoin transactions super easy and simple is a bitcoin wallet.
Bitcoin wallets are just like any other normal wallets, of which the basic objective is to store currency and in this case, it is cryptocurrency bitcoin that it stores. One of the biggest difference in the private key that helps in keeping the wallet safe and also it keeps track of every transaction that has been done.
There are some of the features that make the bitcoin wallets great and also help people in getting more comfortable with bitcoin. Some of them are mentioned below:
No need for personal information
this wallet does not require any personal information as a mandatory requirement, therefore, it provides full privacy. This gives the wallet users freedom to use bitcoins without any scrutiny and also one should stay away from wallet services which ask for personal information.
Easy public key generation
A mobile bitcoin wallet flaunts this feature as it puts another layer of privacy. One can receive bitcoins from any other person in a public key and these wallets allow one to generate a public key every time without much hassle. Therefore it becomes next to impossible to track the recipient as well as the sender.
Payment in the same account twice canceled
Sending bitcoins into the same private address twice will reduce one privacy which means it should be avoided at any cost. so when one scans a QR code to pay someone with bitcoins and if the address is same there will be an automatic denial of payment
Optional password protection
Most of the bitcoin wallets come with an option of whether to use a password every time one wants to log in or not. therefore one is not forced to put password every time one wants to pay bitcoin.
Proper labeling of account
This is very important for handling one’s bitcoin wallet so that one can color code the accounts and manage the individual as well as business bitcoin addresses without much trouble.
All these bitcoin wallet features are something that makes it different from cryptocurrency wallets and also one can use the bitcoin currency to its maximum potential without having to worry about security and privacy.