What are Bitcoin Wallets? A wallet stores the information necessary to transact bitcoins. While wallets are often described as a place to hold] or store bitcoins, due to the nature of the system, bitcoins are inseparable from the block chain transaction ledger. A better way to describe a wallet is something that “stores the digital credentials for your bitcoin holdings and allows you to access (and spend) them. Bitcoin uses public-key cryptography, in which two cryptographic keys, one public and one private, are generated. At its most basic, a wallet is a collection of these keys. http://dingotrack.com/frit3