How to Download a Digital Wallet

January 24, 2018 by Adrian Thorpe

There are still lots of people who haven’t really got a clue how to download a digital wallet, and if you have been struggling to get your head around what is involved, then today I am going to give you an insight into how to do so.

The first thing you will of course need to do is to decide just which digital currencies you intend to buy and stat using, for you are probably unaware that some digital wallets you can download are going to allow you to store lots of different digital currencies within them

Therefore if you have made the decisions to start buying into several different digital currencies then some of the wallets that are available are going to allow you to do just that.

What I would however advise any first time investors or users of digital currencies to do is to select one of the better known ones, to use and one that is linked up to a digital currency exchange.

That way you are going to find it a completely seamless process both buying and selling digital currencies and also will of course be able to send your digital currencies to other people and merchants too without any real effort required.

One wallet personally use is the Coinbase digital wallet, for it is very simple to use and even a first time user of digital currencies is not going to be confused about any aspect of using it, oh and it is free to download too!

Mobile Digital Wallets

One of the many advantages of using a digital wallet such as the one available from the Coinbase exchange is that you are going to have the option of downloading it onto your computer or laptop or you can download their mobile wallet app instead.

Keep in mind that everything that you are going to be able to do when using their download computer compatible digital wallet is also going to be available to you when you use their app, so you are not forced to make any compromises when using one rather than the other.

It is important that you make a note of the password and any additional log in details you are given when you download a digital wallet, for that is going to be the only way that you can gain access to your wallet.

As soon as you have downloaded a wallet and logged into it then you are good to go and will be able to pick out any of the digital currencies you wish to buy from those on offer on that wallet, by simply clicking or tapping on the relevant buttons.

The seeped at which any digital currencies are added to your wallet once you have paid for them can vary however it is usually just a few seconds or in some cases minutes before they will show up in your wallet and you can then set about using those digital currencies for whatever you wish to use them for!

Multiple Uses of a Digital Currency

There are plenty of different things you can use digital currencies for, however it is very true to say that at this early stage of the digital currency environment most people are simply buying into them for investment purposes.

Whilst that is of course something anyone can do, and there are plenty of different digital currencies that you are going to be able to buy into, you do also need to be aware of what else you can use your digital currencies for.

Many online retailers and plenty of land based ones too have embraced Bitcoin and some of the other major digital currencies and as such you are going to be able to pay for goods and even services using the contents of your digital wallet.

You do that in much the same way that you buy goods online or in retail premises using fiat currencies or using a debit or credit card, the only difference is that you send your Bitcoin for example to the digital wallet of the person or company you wish to send them too.

You can of course choose to simply hold onto any digital currencies you do buy into, and by doing so you then have the option of selling them and turning them into cash whenever their values have increased, but just be aware that the value of all digital currencies can fall as well as rise!