A Bitcoin wallet represents a software that manages private keys. Given that Bitcoins are a digital currency, storing it is not the same as with physical currency. As more people have been using Bitcoins, the need to store them became more widespread and since not all people who use bitcoins are tech professionals, app developers launched apps that are simple and intuitive to use and provide a secure environment to store Bitcoins or other cryptocurrencies. Bitcoin has been around since 2009, but it only captured more attention in the last couple of years, when its value surged and more people started using it to make transactions (see 25 big companies that accept Bitcoin, Ethereum and other cryptocurrencies) and to trade it in order to make money on price difference.
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