Wallet: a digital wallet used to send and receive bitcoin. While bitcoin is held on the blockchain, bitcoin wallets contain the private keys needed to sign transactions.
Seed words: a sequence of 12 or 24 randomly generated words. These words are a wallet’s backup.
Passphrase: an additional word or phrase that adds an extra layer of security to your backup. Always store this separate from your seed words.
Private key: a secret alphanumeric password/number auto generated when you make a new wallet. A private key proves ownership.
Public key: used in a transaction to verify that the owner of the corresponding private key has created a valid signature as proof of ownership of funds.
Extended public key (Xpub): a master view into your bitcoin wallet. Anyone with your Xpub can derive all of your public keys (see every past and future transaction that you make).
Best options for self-custody
Mobile: Samourai Wallet
Desktop: Sparrow Wallet
Hardware: Passport Wallet
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