What is blockchain wallet?

The Best Bitcoin Wallets of 2022

Bitcoin is a cryptocurrency, while blockchain is a distributed database . Bitcoin is powered by blockchain technology, but blockchain has found many uses beyond Bitcoin. Bitcoin promotes anonymity, while blockchain is about transparency.

Broadly speaking, a blockchain wallet is a digital wallet that allows users to store, manage, and trade their cryptocurrencies . Blockchain Wallet is also the name of a specific wallet service provided by the company Blockchain. This is an E-wallet that allows individuals to store and transfer cryptocurrencies.

Blockchain.com Security and Privacy Each transaction is verified through 2-factor authentication . Cloud backup services are also available. The main wallet is kept non-custodial, meaning no one; even the platform does not retain any information about the secret key to access the wallet.