Learn how you can interact with the Bitcoin network using Best Wallet, including how to buy Bitcoin (BTC), how to receive and send BTC, and what to consider when transacting on the Bitcoin blockchain.

Bitcoin (BTC) is the world’s first and largest cryptocurrency, designed as a decentralized digital currency that allows peer-to-peer transactions without relying on banks or intermediaries.

Launched in 2009, Bitcoin operates on its own blockchain, where transactions are verified by a decentralized network of nodes and secured through a process called proof-of-work (PoW). This makes Bitcoin one of the most secure and widely used cryptocurrencies today.

Unlike Ethereum, Bitcoin does not support smart contracts or thousands of tokens. Instead, its primary use is as a store of value, a means of payment, and a hedge against inflation — often referred to as “digital gold.”

To use Bitcoin, you need a digital wallet that supports the Bitcoin network, like Best Wallet. Best Wallet enables you to easily buy, receive, and send BTC, giving you full control over your Bitcoin holdings.

You can buy Bitcoin (BTC) directly in Best Wallet through trusted third-party providers. Simply select Bitcoin in the app, follow the steps to make your purchase, and your BTC will be delivered straight to your wallet. Learn more in our guide on buying Bitcoin in-app.

If you already own Bitcoin, you can receive BTC from another wallet or deposit it from a centralized exchange. Best Wallet provides you with a Bitcoin wallet address that you can share to receive funds securely. Read our guide on how to receive Bitcoin.

Need to transfer BTC elsewhere? You can send Bitcoin from Best Wallet to another wallet or an exchange. Just enter the recipient’s Bitcoin address and confirm the transaction.

Bitcoin does not support native token swaps like Ethereum or other smart contract platforms. To swap BTC for another cryptocurrency, you’ll need to use an external service or a dedicated Bitcoin swap provider.

This means you can't currently swap Bitcoin directly in Best Wallet. Instead, you will have to connect your wallet to an external exchange or cross-chain bridge that supports BTC swaps — as always, double-check what websites you connect your wallet to.

Every Bitcoin transaction requires a transaction fee, which is paid in BTC. This fee compensates the miners who validate transactions and add them to the Bitcoin blockchain.

Bitcoin fees fluctuate based on network congestion—when demand is high, fees can increase. Unlike Ethereum, which allows users to adjust gas fees, Bitcoin transaction fees are usually determined by the size of the transaction in bytes rather than the amount of BTC being sent.

Bitcoin is widely considered an essential part of any crypto portfolio due to its status as the most established and secure digital asset. Many crypto users hold BTC as:

If you have any questions about using Bitcoin with Best Wallet, please contact the Best Wallet support team via [email protected] or open a ticket on our Support site.

Important reminder: Best Wallet will never request your wallet’s private key or secret recovery phrase. Keep this information strictly private and do not share it with anyone.