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A Bitcoin wallet hold one or more personal keys that allow you to execute transactions. These private keys are the mathematical proof that you really own a certain amount of Bitcoin. Think of these private keys as secret codes that allow you to spend that Bitcoin. The record of these transaction is a blockchain. If you misplace your wallet and passwaord or private keys, you will also lose access to Bitcoin account. for that reason it must to back up your Bitcoin wallet - just as you would back up all your important data. Find how to buy bitcoin in canada? Now you can buy bitcoin canada and also sell bitcoin canada throuhg online websites and get the latest bitcoin price cad.