Blockchain is one of the most popular Bitcoin wallets. Accessing this wallet can be done from any browser or smartphone. Blockchain.info provides two different additional layers. For the browser version, users can enable two-factor authentication, while mobile users can activate a pin code requirement every time the wallet application is opened.

Use this straightforward guide to learn what a cryptocurrency wallet is, how they work and discover which ones are the best on the market.

What is a Cryptocurrency Wallet?

A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.

It’s been a tumultuous week for bitcoin. After dropping 20 percent in value last week, the digital currency topped $12,000 on Tuesday, reached $15,000 by early on Wednesday and, on Thursday, rocketed above $19,000 before falling and settling around $16,000 in the early afternoon.

Financial experts seem to agree: It’s volatile. CNBC’s Jim Cramer and self-made millionaire Tony Robbins both compared investing in it to gambling in Vegas. Billionaire Mark Cuban said buying the currency would be like “throwing a Hail Mary.”