Bitcoin Wallet

Bitcoin uses public-key cryptography, in which pairs of cryptographic keys, one public and one private, are generated. A collection of keys is called a wallet. Note that sometimes this term is used to mean the software itself in the sense of digital wallet. A Bitcoin transaction transfers ownership to a new address, an alphanumeric string of the form 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH derived from public keys by application of a hash function and encoding scheme. The corresponding private keys act as a safeguard; a valid payment message from an address must contain the associated public key and a digital signature proving possession of the associated private key. Because anyone with a private key can spend all of the bitcoins sent to the corresponding address, the essence of Bitcoin security is protection of private keys.
Theft of bitcoins has occurred on numerous occasions, and the practical day-to-day security of Bitcoin wallets remains an on-going concern. Risk of theft can be reduced by generating keys offline on an uncompromised computer and saving them on external storage or paper printouts.

You will need a Bitcoin wallet to receive payments.

Create your Bitcoin wallet here: www.blockchain.info