How to own a bitcoin wallet? This is the bitcoin wallet registration guide that you are looking for!

Bitcoin is the most popular cryptocurrency in the market. The wallet is critical with regards to the security of bitcoin. Users do not need to worry about losing cryptocurrency if they store them in a proper wallet. Then which bitcoin wallet is more secure and how to register for one?

What is a bitcoin wallet? It is very different from traditional wallets. There are many types of bitcoin wallets such as PC or mobile wallets, online wallets, paper wallets and your own brain (brainwallet).  You can choose wallets that meet your needs. Don't put all your eggs in one basket. Saving your bitcoin in a variety of ways can effectively reduce risk. Bitcoin wallets can be categorized into cold wallets and hot wallets. Cold wallets are offline wallets that are not connected to the internet. For example, offline computers, offline mobile phones and notebooks that record private key addresses. As cold wallets are not connected to the internet, the risk of being hacked is barely zero. However, users might lose cold wallets easily. The accessibility is low too. If the hardware of cold wallets is damaged or lost, users will lose their bitcoins. Therefore, it is extremely important to keep a backup all the time.

Hot wallet is an online wallet that is connected to the internet. It can be used in online trading activities. For users who trade frequently, a hot wallet is a more convenient option. To ensure the safety of assets,  users are recommended to set different passwords for different hot wallets and to turn on two-factor authentication. Investors with large amounts of money are suggested to lower the risk by using both hot and cold wallets. Most bitcoin transactions are now conducted in digital currency exchanges. Most exchanges now also adopt a combination of both hot and cold wallets to enhance the security of users' assets. To trade anytime anywhere, many users choose to put their bitcoin in their personal exchange accounts. It is suitable to do so if the risk management level of the exchange is high. 

8V exchange provides the most comprehensive product lines in the crypto industry. Users can conduct five types of transactions including fiat, crypto, isolated margin futures contracts, cross margin futures contract and perpetual futures contracts on the 8V platform. With various investment portfolios, 8V satisfies the needs of different users. 

Wallets are used to store bitcoin. There are two different ways to register for a wallet:

1. Users enter the 8V website or download the 8V mobile application to register.
2. Users search for crypto wallets online and register on relevant platforms.
3. In general, users can register with their email or phone number. To enhance the security level, some platforms require users to do KYC verification. Meanwhile, to prevent incidents such as abnormal account operation or losing passwords, users need to connect their phone number with their accounts.

How to transfer bitcoin in wallets:

1. The concept of bitcoin is similar to emails. If bitcoin is compared to email, both sellers and buyers would need bitcoin wallets (email accounts) and wallet addresses (email addresses) to trade bitcoins (emails). Buyers send out the payment (bitcoin) to sellers via mobile phone or computers.  
2. A bitcoin address consists of about 33 digits of numbers and letters. It usually begins with 1 or 3. Bitcoin applications can generate addresses automatically without connecting to the internet.
3. A bitcoin address and a private key are paired. They are like bank accounts and passwords.r

The above is the guidance of 'how to own a bitcoin wallet?'.  Wish crypto traders all the best!