Bitcoin has become the world's most popular and widely used cryptocurrency. This comprehensive report analyzes the global bitcoin wallets market and where it's headed.
- Advertising -
With origins dating back to 2008, bitcoin is the world's oldest cryptocurrency. Like many other cryptocurrencies, it leverages the power of blockchain technology to offer a cashless peer-to-peer system for conducting transactions. To safely store bitcoin, however, users must have a wallet.
A bitcoin wallet isn't an actual bi- or tri-fold wallet.
- Advertising -
Rather, the term "bitcoin wallet" refers to either a device or application that stores the security keys associated with a bitcoin transaction. There are several types of bitcoin wallets. A multi-signature wallet, for example, lives up to its namesake by requiring the signatures of both parties during a transaction. As a result, they are often viewed as being more secure than other bitcoin wallets.
There are also deterministic bitcoin wallets that are capable of producing all keys using a single key. Deterministic bitcoin coins, like multi-signature wallets, are also very secure. Finally, non-deterministic bitcoin wallets are characterized by the use of randomly generated keys. In other words, they don't use seeded keys from an upper-level key. Non-deterministic bitcoin wallets are required to store all keys for each transaction.
Choosing the right bitcoin wallet is important for users of the cryptocurrency. If a bitcoin wallet doesn't offer a high level of security, the user's bitcoin could be stolen. If a bitcoin wallet isn't easy or convenient to use, however, the user may struggle to send or receive bitcoin using it. Thankfully, there are a variety of secure, easy-to-use bitcoin wallets from which users can choose.
The Global Bitcoin Wallet Market Size, Status and Forecast 2019-2025 report by ReportsnReports is a comprehensive study of the global bitcoin wallet market. Whether you use a bitcoin wallet to store your cryptocurrency, or if you have a financial stake in the bitcoin wallets market, you should consider buying this report. It's one of the most comprehensive and complete studies of the market, providing a professional view of the bitcoin wallet market and where it's headed.
This report segments the global bitcoin wallet by several criteria. On the basis of product type, the market is segmented into web version, PC app, mobile app and others. On the basis of end-user application, the market is segmented into SMEs and large enterprises. On the basis of geographic region, the market is segmented into the United States, Europe, China, Japan, Southeast Asia, India and Central & South America.
Some of the key bitcoin wallet vendors profiled in this report include Xapo, ANXPRO, Wirex, Blockchain, CEX.IO, General Bytes, ItBit, Circle, Airbitz, 37coins and LocalBitcoins.