Bitcoin Wallet Guide
Everything you need to know to choose, create, and secure your Bitcoin wallet
What is a Bitcoin Wallet?
A Bitcoin wallet is software or a device that allows you to receive, store, and send Bitcoin. It doesn't physically contain your Bitcoin — those exist on the blockchain. The wallet holds the private keys that give you access to your funds. Whoever controls the keys, controls the Bitcoin. That's why BTCpago Pro is non-custodial: payments go directly to YOUR wallet.
Types of Wallets
Hot Wallet (Mobile/Desktop)
App on your phone or computer. Always connected to the internet. Ideal for daily payments and small amounts. Easy to use but less secure for large sums.
Cold Wallet (Hardware)
Physical devices that store keys offline. Maximum security for large amounts and long-term storage. Requires a small initial investment.
Wallets Recommended by BTCpago
How to Create Your First Wallet
1. Download the app
Go to the official store (Google Play or App Store) and download your chosen wallet. For beginners we recommend BlueWallet or Muun. WARNING: ONLY download from the official website or store.
2. Create a new wallet
Open the app and select 'Create new wallet'. The app will automatically generate your private keys and a Bitcoin address.
3. Save the Seed Phrase
The wallet will show you 12 or 24 words (seed phrase). This is your ONLY way to recover funds if you lose your phone. Write them ON PAPER, never digitally.
4. Connect to BTCpago Pro
In BTCpago Pro settings, enter your Bitcoin address (or xpub for multiple addresses). Every payment will go directly to your wallet.
Essential Security Tips
Seed Phrase on paper
Never screenshot it, never save it in cloud, never send it via email or chat. Write it on paper and keep it in a safe.
Multiple backups
Make 2-3 copies of the seed phrase and store them in different locations.
Regular updates
Always keep the wallet app updated. Updates fix security vulnerabilities.
PIN and biometrics
Always enable PIN and biometric authentication (fingerprint or Face ID) on your wallet.
Beware of phishing
No one will ever ask for your seed phrase. If someone does, it's a scam. BTCpago will NEVER ask for your seed phrase.
Hardware wallet for large amounts
If you accumulate more than €500 in Bitcoin, consider transferring to a hardware wallet.
NEVER do these things
- Never share your seed phrase with anyone
- Never save the seed phrase in photos, digital notes, or cloud
- Never download wallets from links received via email or social media
- Never send Bitcoin to strangers who promise to double it
- Never leave large amounts on a mobile wallet without PIN
Wallet FAQ
Can I use any wallet with BTCpago Pro?
What happens if I lose my phone?
Do I have to pay for a wallet?
What is the Lightning Network?
Is it safe to keep Bitcoin on my phone?
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