menu search
brightness_auto
Ask or Answer anything Anonymously! No sign-up is needed!
more_vert
more_vert
Try to research first what is bitcoin so you will have an idea how bitcoin works. It is necessary so you would know if you need bitcoin or not.
more_vert
No, its necessary for all of us. Its personal choice if you want to have one or not.
more_vert
You are going to find it difficult to trade on bitcoin unless you have the wallet to do so. So, I think that it is the pathway for those that want to trade on coins. 
more_vert
It's really not. Bitcoin only became a super huge fad because so many people were investing in it. The only reason it has value is because everyone collectively decided it did.

15 Answers

more_vert
I do not really think so as I do not see a lot of use for bitcoins. I do not use cassinos or do weird things online so to me bitcoins is something that could disappear and I would not care at all. In fact bitcoins is good for me cause I have work (writing about them all the time), that is the only way bitcoins and other cryptocurrencies were ever useful to me. In fcat the whole hype on bitcoins seems to be gone now so I do believe if they are gone it will not be so bad as not much depends on them. They are too hard to get and just cost more than whatt hye are worth. Of course I aware of the boom they suffered a while ago but I do not think that thye will ever reach those values again and I o not think they are so useful anyways. In fcat getting them and the market where they are accepted seem quite iffy so.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
I do believe to you too, I can see that the interest in bitcoin is slowly going down. Its popularity is going down also. Do you know the reason behind of its slowly dying?
more_vert
Don't get it twisted people are still making huge fortune from bitcoin. In spite of the buzz around it dwindling its market value is still at all time at peak level. I am very confident of what i am saying cause i am a beneficiary of bitcoin investment.
more_vert

Oh I see, so bitcoin is still active and kicking. I really wanted to invest in bitcoin mining but unfortunately, there are many scams out there it is really hard to find a legit one. I'm amazed at you people who found a legit one. I also want to find a legit bitcoin or even just a Litecoin mining site. I really want to invest in crypto.

more_vert
The answer to this question depends on your knowledge about bitcoin.

Bitcoin is a digital Crypto currency used for online transactions,  it is legally accepted in some countries where they used it for their daily transactions,  in such countries you can make transactions involving bitcoin on ATM using bitcoin card.  However in most part of the world it is not yet accepted as a result of it volatility and anonymity.
Bitcoin wallet are more like bank account where you can store your coins in,  the wallet could either be online wallet or offline wallets (hardware Wallet? They have address attached to them which is more like your bank account number.  If you plan to invest in bitcoin or work in sites that pay in bitcoin you will need to have bitcoin wallet to store your bitcoin but if you have nothing to do with , it is not necessary for you to have it.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert

Yes you are right, a person who wants to venture in bitcoin or other cryptocurrencies must have an extensive or a lot of knowledge about it. Because it would be a waste of time if later you will stop doing crypto when you already put some of your time on it.

more_vert
Yes,it is very necessary to have a Bitcoin wallet because it is the only storage unit for Bitcoin and without having one, one can't store his or her Bitcoin since it a digital money.

Without a Bitcoin wallet, we can't send or receive Bitcoin, Bitcoin isn't like physical money that we can leave in our pocket, so as virtual money we also need virtual wallet to transacts any business with.

Bitcoin wallet help our Bitcoin to be safe and secured.Leaving our money on different Bitcoin earning site isn't safe because sites can go down any time and our hard earn Bitcoin would be gone with the site.

Bitcoin wallet helps us send money anonymously. The wallet just generate some code for us to use as our address, no need using ones actual name.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Yes, it is usually used for online payments but Bitcoin is a risky currency to have because of it's unstable worth.
more_vert
It's totally depend on you. If you are interested you can have one else leave it. I am not interested in bitcoin and so I don't have it.

 
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Yeah exactly. But if you still want an online wallet, try using Paypal and connect it on your accounts.
more_vert
It could be a way to pay things in the future. However, I read articles that BTC will be demolished. For now, I think it is a good way to invest something. I had seen some investment sites that you can use BTC and earn more then we think of. I want to try them in the future.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Yes is composary to have bitcoin wallet and it the best wallet in earning method and it is useful when you have bitcoin earning site creating bitcoin is important while earning online
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
A Bitcoin wallet is necessary for all crypto currency transaction. It is like a bank account which your money is sent to savings. This applies not only in the United States but all over.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Having a Bitcoin Wallet is nothing to talk about if it is necessary. It is up to you wether you have one account or not. It is more necessary to have a Bank Account rather than having a Bitcoin Wallet.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
I don't think its necessary for everyone. Unless in are in for bitcoin that's when you will need it more. If you don't know how it works it will be useless having it by your side. 
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
It may be necessary for the future use. It can be an investment and a cashless payment at the same time. Bitcoin wallet is also used if you are working an online job and your client is paying your salary
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Cryptocurrency wallets are an essential part of storing, sending, and receiving cryptocurrencies. When you buy crypto on a custodial platform like Netcoins, there is an option to store your digital currency directly within your account - this is called an exchange wallet. If you wish to have extra security and full control over your funds, it is always advised that you store your cryptocurrencies in your personal crypto wallet.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
No, having a Bitcoin wallet is not necessary for all of us. It depends on whether or not you want to use or invest in Bitcoin. If you are not interested in using or investing in Bitcoin, then a Bitcoin wallet is not necessary.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
There are many factors to consider. Some people may say that a Bitcoin wallet is necessary for everyone because there are now ways to get your hands on the digital currency without one. Others may say that a Bitcoin wallet is necessary for all people because the currency is new and there are still some risks associated with it. Ultimately, it is up to the individual to decide what they believe is the most important thing for their individual situation.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Yes, this is because one is able to invest in a bitcoin. If one choose to invest in Bitcoin it is important to maintain a diversified portfolio that includes several different types of investment that reduce money risk exposure
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
NO IT IS NOT NECESSARY TO HAVE A BITCOIN ACCOUNT. IF YOU HAVE INETERST IN NVESTING IN CRYPTOCURRENCIES AND YOU THE DESIRED KNOWLEDGE THEN YOU SHOULD HAVE THE ACCOUNT.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike

Related questions

11 answers
Whenever you have a question in your mind, just drop it on Answeree. Help our community grow.
...