What is a bitcoin wallet for beginners? important information
Honestly first we need to know the private key of your bitcoins if we don't know that is big problem, because then is your bitcoin not a real thing. If you don't know public key, you can't get anyone to transfer btc to your account.. You can think of Public key is same as your iban number.
We can explain This with more subject :
There is a number for this box that you think of your mailbox. In order for your friend to send you a letter, we would like to ask you the address of the mail box. This adress is the puplic key. In order to open this mail box and get the letter from you, you need a special key like real life. This key is a private key. In real life, if you don't give anyone the key to this mail box, we don't give out the private key to anyone. That's why we explaining something about private key. And absolutely do't share it with anyone. Anyone can know the public key but you will not give the private key to anyone.
Private key is a 256-bit alphanumeric (both alphanumeric) password that you will use to spend your bitcoins or send them to others. The private key always starts with 5 digits.
The public key also consists of letters and numbers. In fact, it is derived from private key. This function is not the inverse function,Oublic key is VİP. You can think of Public key as iban number. Used to send btc to someone else yada. The Puplic key always starts with the number 1.
You can share the Puplic key with everyone, they can send you the btc.
Private keys are staying in your wallets. Wallets serve as a repository for private keys. There are varieties of these purses.
- paper wallet
- desktop wallet
- hardware wallet
- mobile wallet
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