Are you willing to start on your Bitcoin mining journey, but don’t know how do I get a Bitcoin address? We got you covered!
A lot of people are getting interested in Bitcoin nowadays, and all of them have tons of questions lurking in their minds. And it’s only normal as Bitcoin does require a hefty investment. Today, we will talk about one of the most frequently asked questions: “How do I get a Bitcoin address?”.
Everyone is starting to ask this question and search for the answers online. However, most of the blogs written on this aren’t easy to read and end up confusing the reader. Keeping the beginners in mind, we have dumbed this article down so that everyone can understand and implement the steps in their practical lives.
But before we get started on how you can acquire one, you must have a good knowledge of what a Bitcoin address is. So, we’ll talk about that first.
At the end of this article, you’ll get the answer to “how do I get a bitcoin address?” and more!
What is a Bitcoin Address?
The idea of sending or receiving Bitcoins is identical to that of sending or receiving an email. When we want to send an Email to someone, we need their Email address and vice versa.
Similarly, a Bitcoin address refers to the source or destination of a transaction. However, experts suggest people get a new address every time they conduct a transaction.
The intent behind this is security. However, some addresses provide more security than others, often in exchange for money.
What is a Bitcoin Wallet?
To have your Bitcoin Address, you need a Bitcoin wallet first. The Bitcoin Wallet is an application stuffed with all the features one might require for handling cryptocurrencies. There are tons of different wallets, and each comes with their characteristics and special features.
Once you own a wallet, you’ll own a Bitcoin address as well. However, one of the major indecision beginners face is which Bitcoin wallet to choose. There are so many options, it’s only natural to get confused.
To help you decide on which Bitcoin wallet will be suitable for you, we’ll introduce you to a few Bitcoin wallets and highlight their features along with it.
Kinds of Bitcoin Wallet
Bitcoins Wallets can be of different form factors. We’ll know about them below.
A paper wallet is a physical piece of document that holds the public address where the Bitcoins are stored. Plus, it has a public key that can be used to spend the Bitcoin stored in that particular address.
Nowadays, these paper wallets are made in QR code forms because of their convenience. With these, you can scan them to make a transaction.
The advantage of this type of Bitcoin wallet is that it’s a physical object, which makes it safe from hackers and malware. Unless you lose it, there’s no chance that anyone will steal your information.
If Bitcoin transaction is an everyday essential for you, you might prefer going for this type of wallet. These are digital wallets in the form of mobile apps. With these platforms, you can make the transactions on-the-go.
However, as these are digital entities, they are vulnerable to malware and hackers. That’s why a person should be extra careful while choosing a mobile Bitcoin wallet.
These are essentially the desktop versions of the mobile applications. The desktop BTC wallets are software that a person has to download and install on their computer. Then they can use the software to maintain and conduct transactions.
These are probably the most expensive Bitcoin wallets. However, the price is worth paying. These are physical hardware designed especially for storing Bitcoins. They perform as the perfect Bitcoin wallet.
They are made in such a way that they are effective at blocking out hackers and malware. With these devices, you can carry your Bitcoins along with you, make transactions on the go, and keep your coins safe at the same time!
Now that you know about the different kinds of Bitcoin wallets, we’ll introduce you to some of the best wallets that we know of. Most of these wallets come free or at a low cost. However, we’ll also enlist a wallet that comes at a price, and of course, many amazing features!
How Do I Get a Bitcoin Address? 4 Best Options
Electrum is a great Bitcoin wallet for getting started. Unlike many other wallets that require the download of the entire Blockchain, this software acts as the front-end only.
That means, the Blockchain will be stored at some distant server, but you’ll be able to use that using this software in real-time! Once you’re done setting the wallet up, click on the receive tab, and it will provide you the Bitcoin wallet address.
Blockchain.com is an amazing crypto-currency wallet that offers more than just Bitcoins. With this wallet, you’ll be able to store and transact Etherium, Bitcoin Cash, and stellar lumens as well. This is a web-based Bitcoin wallet that you can use on your mobile or desktop.
When you enter the dashboard, just click on the request button at the top ribbon, and you will be provided with your address.
Wirex is a mobile app-based cryptocurrency wallet. People love this wallet, and there’s a reason behind that.
They’ll provide you a Wirex card as well, which will help you spend your Bitcoins in shops and stores. Unlike the previously mentioned wallets, this one isn’t free as it takes a small fee.
Finally, we have the Trezor hardware wallet. It’s a bit expensive than most other wallets. However, this one comes with all the features of hardware wallets, as discussed before. Plus, it supports all sorts of cryptocurrencies as well!
Now that you know how you can get your bitcoin address, it’s time you get started on your journey. Hopefully, this article was able to answer your questions!