The wallet is basically the equivalent of a bank account which allows you to receive, hold, spend or send your bitcoin. There are several ways of acquiring bitcoin, the most common being by:. O boxes and APO addresses. The company ships internationally, but does not cover the whole world. Network nodes verify Bitcoin transactions and are recorded in a blockchain — a public distributed ledger where all business transactions and amounts are kept. While Bitcoin is set as the main form of cryptocurrency payments, altcoins can automatically be swapped for Bitcoin via ShapeShift or Changelly service providers.