Creating a Bitcoin wallet is as easy as installing software on your mobile device or laptop/desktop.
When you install the app, your Bitcoin wallet is automatically created. You can then receive bitcoin to your wallet immediately, store it safely, and use it as you please.
There are a number of wallet apps on the market from a variety of vendors and with different features to choose from. We welcome you to try the Bitcoin.com Wallet, trusted by millions of users.
The Bitcoin.com Wallet is what's known as a 'software wallet'. It provides an excellent combination of security and ease-of-use. Depending on how you're using your bitcoin though, you may want to consider another wallet type. Here's a rundown on the different types of Bitcoin wallets and their respective pros & cons:
Tip: Make sure the software wallet you’re using is fully non-custodial like ours, meaning only you can access your coins — not the wallet provider. This protects you from the risk of fraud or bankruptcy by the wallet provider.
Read more: What's a non-custodial Bitcoin wallet?
Tip: Hardware wallets are well worth the money — especially if you own a lot of bitcoin. To make sure the device isn't compromised, only buy one from a company you can trust.
Tip: Cryptocurrency exchanges are not a secure place to store digital assets. Once you’ve bought your bitcoin, you're advised to move it to your software or hardware wallet if you don't plan on trading it immediately.
You can start your trading journey today with the Bitcoin.com Exchange.
Paper wallets are created by downloading a software package, then running the software (for security, preferably in an offline environment) to generate a public/private key pair which you print out on a piece of paper. Having created a paper wallet, you can send any amount of bitcoin to the wallet address. To spend it, you use the private key written on the paper to sign the spend transaction.
Like hardware wallets, paper wallets allow you to store bitcoin completely offline. This makes them a lower-cost alternative to hardware wallets.
Since the public/private key pair is written on the paper, handing over the paper to another person is similar to handing over a cash note. This makes paper wallets a novel way to exchange bitcoin face-to-face.
You can create your Bitcoin Cash paper wallets at Paperwallet.bitcoin.com.