![Mining Mining](/uploads/1/2/4/7/124751862/652598039.jpg)
To receive your mined bitcoins, you need a wallet to save them. The two general types of Bitcoin wallets are online and offline.
An online wallet requires internet connection. You have to enter your username and password to access your wallet from any device and you don't have to worry about its backup and maintenance.
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![Mining Mining](/uploads/1/2/4/7/124751862/616203458.jpg)
Offline wallets store your bitcoins on a computer, so they do not require an internet connection. Such wallets require a lot of space on your hard drive and you are fully responsible to your wallet. It is recommended to make backups weekly and save it on multiple devices. If you loose your wallet, because your computer is broken and you have no backup, then all your bitcoins are gone.
How to create an online Bitcoin Wallet?
- Go to coin.space
- Click on 'Create new wallet'
- Click on 'Generate passphrase'
- Save the passphrase somewhere, where you will find it again and make several backups of this passphrase
- You have to agree, that you have written down or otherwise securely stored your passphrase and you have to agree to the terms & conditions to continue.
- Click on 'Set your PIN'
- Set a PIN for quick access
You have now successfully created a bitcoin wallet!