What is a bitcoin wallet?

To receive a Bitcoin transaction, there are really just two things you will require:

• The amount of bitcoin or BTC
• Your Bitcoin wallet address

A Bitcoin wallet address is a kind of account number, which is comprised of a unique 26-35 alphanumeric string looking like this:

1KkXU2kAWZ9EWp9S39vQ75Y1cVpANmcNuA

This address can also be a QR code containing the address and payment amount, which can be scanned on a mobile device for quick use.