[Analysis] Wallets aren’t just for storing bitcoin anymore - Vlad Costea
Bitcoin wallets play an essential role in facilitating an easy user experience to anyone performing on-chain transactions, writes Bitcoin Magazine contributor Vlad Costea. But simple storage-focused transactions, which have traditionally been the primary function of wallets, are increasingly complemented exchange-like functions including:
- Wallets which allow users to buy bitcoin with their credit cards;
- Wallets which allow trades between BTC and altcoins;
- Wallets which allow the conversion of mainchain bitcoins and altcoins to Lightning Network satoshis
Costea explains that even though many wallets appear to have similar functionality, "they have plenty of differences which make them more or less friendly with newbies or satisfactory for advanced users." To explain these differences, Costea shares a table of the various integrations and features supported by different wallets.
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