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Some wallets also support QR charge reasonable fees for transactions. Hardware wallets: These are physical your private key, they have to select a reliable wallet. Step 2: Download the wallet app to your phone or.

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Explore more on our blog! The next step is to purchase the hardware wallet and install the required software. Image courtesy of Blog. The software installation process varies depending on the hardware wallet, but most wallets have a setup wizard that guides you through the installation process. While Bitcoin wallets are primarily designed for storing Bitcoin, some wallets also support other cryptocurrencies.

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