Since the network is transparent, the progress of a particular transaction is visible to all. It also happens to be the easiest to set up and use, presenting you with an all-too-familiar choice: convenience vs safety. And even those two aren’t a guarantee — J. We’ll use two different exchanges as examples, starting with Coinbase. They are extremely secure, as they are generally offline and therefore not hackable. Among the advantages of doing so are the ease of cross-border transactions, and anonymity unless you want physical delivery, of course. So, fittingly, a bitcoin wallet is not an actual wallet, something you can keep your bitcoins in and then attach to your jeans with a bitcoin wallet chain.