What is a bitcoin wallet?

A Bitcoin wallet is a place that stores your digital Bitcoin and validates your transactions when you’re using your Bitcoin. A wallet keeps secret information, called a private key or a seed, used to validate transactions and “sign” them so your Bitcoin can be used to make purchases or exchange for another asset.

Which bitcoin wallet has the largest address?

Over the past decade, several bitcoin wallets have been named the largest in existence. However, since 2021, Binance has controlled the largest bitcoin address, which currently holds 248,597 BTC and is worth approximately $6.66 billion.

What is a bitcoin Rich List?

Bitcoin’s auditable and transparent network allows people to view the largest bitcoin ( BTC) holders, commonly referred to as the “ Bitcoin Rich List .” Currently, the largest BTC wallet is controlled by Binance, known as the “ Binance Cold Wallet ,” which holds 248,597 BTC, accounting for 1.28% of the entire BTC supply.

How does a BTC Wallet work?

You can use your BTC wallet to access your Bitcoin or send and receive more funds. Your wallet comes with a public key, similar to an account number, and a private key that acts as a password. You can think of a Bitcoin wallet sort of like a regular wallet for regular fiat money, like euros or dollars — your currency is “held” in your BTC wallet.