How to get bitcoins into your wallet

Choose your Bitcoin wallet

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Deposit Bitcoin

Some wallets can pair and connect to a hardware wallet in addition to being able to send to them. While sending to a hardware wallet is something most all wallets can do, being able to pair with one is a unique feature. This feature enables you to be able to send and receive directly to and from a hardware wallet.

Most wallets have the ability to send and receive with legacy bitcoin addresses. Legacy addresses start with 1 or 3 as opposed to starting with bc1. Without legacy address support, you may not be able to receive bitcoin from older wallets or exchanges.

I have a wallet, do I have to buy a whole bitcoin?

Some wallets support transactions on the Lightning Network. The Lightning Network is new and somewhat experimental. It supports transferring bitcoin without having to record each transaction on the blockchain, resulting in faster transactions and lower fees.

Some wallets have the ability to require more than one key to authorize a transaction. This can be used to divide responsibility and control over multiple parties. Some wallets support SegWit, which uses block chain space more efficiently.

This helps reduce fees paid by helping the Bitcoin network scale and sets the foundation for second layer solutions such as the Lightning Network. Make a donation. Choose your Bitcoin wallet Select a wallet to store your bitcoin so you can start transacting on the network. Let's help you find a bitcoin wallet. Skip helper Next.

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Bech32 Note: This option is unavailable based on your previous selections. Full Node Note: This option is unavailable based on your previous selections. Hardware Wallet Note: This option is unavailable based on your previous selections. Legacy Addresses Note: This option is unavailable based on your previous selections. The key to protecting yourself from data loss of any kind is to have redundant backups so that if one is lost or destroyed, you still have others you can use when you need them. All good wallet software asks their users to write down the seed recovery phrase of the wallet as a backup, so that if your primary wallet is lost or damaged, you can use the seed recovery phrase to restore access to your coins.

If you have more than one backup location, they should be in places where various disasters won't affect both of your backups. For example, its much better to store two backups in a home safe and in a safe deposit box as long as your seed is protected by a passphrase than to store two backups in your bedroom and one in your garage. Also important is regularly verifying that your backup still exists and is in good condition.

This can be as simple as ensuring your backups are still where you put them a couple times a year. The best practices for backing up a seed is to store the seed using pencil and paper or metal seed phrase backup and storing in multiple secure locations. Storing a seed phrase only stores private keys , but it cannot tell you if or how many bitcoins you have actually received.

For that you need wallet software. If you received cash banknotes or gold coins as payment, you wouldn't accept them without inspecting them and verifying that they are genuine. The same is true with bitcoin. Wallet software can automatically verify that a payment has been made and when that payment has been completed by being mined into a number of blocks. The most secure kind of wallet is one which independently verifies all the rules of bitcoin, known as a full node.

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When receiving large volumes, it is essential to use wallet software that connects to a full node you run yourself. If bitcoin is digital gold, then a full node is your own personal digital goldsmith who checks that received bitcoin payments are actually real.

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Lightweight wallets have a number of security downsides because they don't check all of bitcoin's rules, and so should only be used for receiving smaller amounts or when you trust the sender. See the article about full nodes. Your wallet software will also need to learn the history and balance of its wallet. For a lightweight wallet this usually involves querying a third-party server which leads to a privacy problem as that server can spy on you by seeing your entire balance, all your transactions and usually linking it with your IP address.

Using a full node avoids this problem because the software connects directly to the bitcoin p2p network and downloads the entire blockchain , so any adversary will find it much harder to obtain information.

See also: Anonymity. So for verification and privacy, a good storage solution should be backed by a full node under your own control for use when receiving payments. The full node wallet on an online computer can be a watch-only wallet. This means that it can detect transaction involving addresses belonging to the user and can display transaction information about them, but still does not have the ability to actually spend the bitcoins. Possession of bitcoins comes from your ability to keep the private keys under your exclusive control. In bitcoin, keys are money.

Any malware or hackers who learn what your private keys are can create a valid bitcoin transaction sending your coins to themselves, stealing your bitcoins. The average person's computer is usually vulnerable to malware, so that must be taken into account when deciding on storage solutions.

Anybody else who discovers a wallet's seed phrase can steal all the bitcoins if the seed isn't also protected by a secret passphrase. Even when using a passphrase, a seed should be kept safe and secret like jewels or cash. For example, no part of a seed should ever be typed into any website, and no one should store a seed on an internet-connected computer unless they are an advanced user who has researched what they're doing.

Seed phrases can store any amount of bitcoins. It doesn't seem secure to possibly have enough money to purchase the entire building just sitting on a sheet of paper without any protection. For this reason many wallets make it possible to encrypt a seed phrase with a passphrase. Some users may not need to actually move their bitcoins very often, especially if they own bitcoin as an investment. Other users will want to be able to quickly and easily move their coins.

A solution for storing bitcoins should take into account how convenient it is to spend from depending on the user's needs. In summary: bitcoin wallets should be backed up by writing down their seed phrase , this phrase must be kept safe and secret, and when sending or receiving transactions the wallet software should obtain information about the bitcoin network from your own full node. Hardware wallets are special purpose security-hardened devices for storing Bitcoins on a peripheral that is trusted to generate wallet keys and sign transactions.

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