What is a Wallet? How do I set one up? Which one should I use?

A Bitcoin wallet is a file that stores a collection of private keys that you need to access your bitcoin address and spend your funds. These private keys are the value of all your Bitcoin in your account. A Wallet is a free service which lets you send and receive Bitcoins s.

The best Wallets are secure and protected as your private keys are encrypted with your password. The Wallet Company will not know your password, and therefore are unable to view or spend your Bitcoinss. You retain full control of your private keys, so your wallets can never be seized or blocked and will be sent to any desktop or mobile app Bitcoin client you choose.

They come in several different forms, designed for different types of devices.

It is very important to secure and back up your bitcoin wallet.
Bitcoins are a modern equivalent of cash and every day, more and more new merchants start accepting them as payment.