#Bitsafe wallet how to#
#Bitsafe wallet code#

Get real security by using a real wallet.( BitShield doesn't provide online wallet accounts. Unlike Coinbase and other custodial services, you are in control of your wallet and the funds within. Although the Xpub doesn’t give you spending abilities, only the possibility to view a wallet’s information. You can think of it as a read-only view of a wallet. This means that an Xpub will not give you access to the funds in a wallet, but it can be used to view the child wallet’s addresses, transactions, and balances. As the name suggests, an Xpub doesn’t contain information about private keys, but only public ones. Wallet ID can be found in 'Settings' page in your app, by simple tap on 'Settings' icon on top left corner.Įvery child key pair generated can define an XPub (Extended Public Key). It means, even We can't access to your xPub in any way. The xPub and wallet ID are stored in our servers with multisignature (multisig) encrypted keys pair, which is generated by hardware. Wallet ID is linked with your xPub address. It is also used in contracts which allow individuals to determine possession of the assets, and you are not obligated to disclose your public addresses where you hold your coins. Here are some of the top advantages of the BitShield wallet:Ĭommonly used as proof of funds, and validating existing assets. We have carefully designed this app for new users, without hiding important information or removing powerful features. The BitShield wallet is an application that allows you to easily manage your blockchain finances in a secure way. However, BitShield wallet is not an exchange, and we do not offer the service of buying and selling cryptocurrency. About BitShieldīitShield is a cryptocurrency wallet which offers individuals the ability to receive and send blockchain payments. Bitcoin is a uniquely secure payment method which eliminates chargeback risks. Anyone can send any amount of bitcoin anywhere, anytime, for minimal transaction fees.ĥ.) Irreversible: After confirmation, a transaction cannot be reversed. While it is possible to analyze the flow of transactions in order to make inferences about the owners of funds, there is no such thing as a bitcoin ‘account’.Ĥ) Global: Bitcoin is not owned or controlled by any single entity, which makes it a borderless technology. Then, with a swipe or the press of a button, you can send funds to anyone anywhere in the world in minutes.ģ) Pseudonymous: Transactions, addresses, and wallets are not connected to real-world identities.

#Bitsafe wallet code#

You have total control and total responsibility over your funds.Ģ) Fast: Instead of entering all of your personal information when you buy something with bitcoin, usually all you need to do is scan a QR code or copy and paste a receiving address to pay. Because you're the only one who owns your private key, there is no reset or recovery.

It's a digital signature that no one can forge or fake.

Here are the important features of Bitcoin:ġ) Secure: You own your bitcoin by keeping track of a private key. With bitcoin, you can send money over the internet directly to another person without a middleman. However, bitcoin is much more secure than paper money. About Bitcoinīitcoin is a digital currency that has many of the same characteristics as cash. These topics are explained in simple language with links to helpful articles for getting started with the BitShield wallet.

#Bitsafe wallet how to#

This article covers topics relevant to new wallet users, such as the basics of BitShield and how to send and receive cryptocurrency. At BitShield, we want to welcome new users and provide them the tools to make the most of the BitShield and cryptocurrency ecosystems.

As cryptocurrency grows, new adopters follow.