What Bitcoin Wallets Can Be Used in China?
What Bitcoin wallets can be used domestically has received widespread attention
What Bitcoin wallets can be used domestically has received widespread attention in China, according to official news. According to relevant data statistics, from March 1 to May 31, 2019, the global Bitcoin trading volume reached approximately 1.3 billion US dollars (over 1.2 billion US dollars at the current price), with a 24-hour trading volume of Bitcoin of about 900 million US dollars, which increased by nearly 30% compared to June 2017. Since the beginning of 2020, the average daily transfer volume of Bitcoin has reached around 20,000 BTC. Starting from the end of April 2017, as the price of Bitcoin continued to decline, many people focused their attention on Bitcoin. However, in reality, not many people choose to use this currency but rather treat it as an investment tool or speculative means for financial management or other purposes.
According to the Coinmarketcap market data, the current spot market price of Bitcoin is 27.77 yuan RMB, with an increase of over 50% compared to the historical high of 28.68 yuan per coin. The recent trend of Bitcoin is also relatively strong. As of the time of writing, the price has risen to around 26.97 yuan.
Bitcoin Wallets Available in China
According to official news, there are two types of Bitcoin wallets available in China recently. One is a wallet that uses the “Lightning Network,” and the other is through an internet browser for Bitcoin storage, transfers, and other operations. Currently, mainstream wallets support the “Lightning” mode and “BTCPay.”
In terms of Bitcoin storage, “Lightning” is one of the ways that users can directly download digital currency from hardware devices. Although this technology is very complex, it can still be widely used in the daily lives of ordinary people. It is still an important choice for individuals – to use secure products or services to get maximum returns. Additionally, because this system does not require professional third-party institutions to maintain private key management and signature verification functions, the security of funds cannot be ensured.
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