BTC wallet is a wallet for you to secure your BTC, It's like money but digital money on a digital wallet. There are many wallets you can use another one is a ledger, Been using that on my Netcoins exchange since I started investing in it.

To accept bit coin, make sure you have a cryp to exchange, for example, Netcoins, and then you must provide a Bit coin address to the sender. Your wallet can generate these addresses as needed, and you can share these addresses with the sender.

1. Download the wallet app. Popular options include FibitPro.
2. Create an account. Unlike a hosted wallet, you don't have to share personal information to create an unsaved wallet...
3. Don't forget to enter your private key...
4. Transfer the cryptocurrency to your wallet...

to transfer $200 from my bitcoin wallet to my cheque account - must I already have $200 in my account to be able to do so?

Transferring money from a Bitcon wallet is a straightforward process:

Choose a Wallet: Ensure you have a Bitcon wallet, which could be a software, hardware, or online wallet.

Access Your Wallet: Log in to your Bitcon wallet using your credentials.

Get the Recipient's Address: Obtain the recipient's Bitcon wallet address. This is a long alphanumeric string.

Initiate the Transfer: In your wallet, find the "Send" or "Withdraw" option. Enter the recipient's Bitcon address and the amount you want to send.

Confirm and Send: Review the details carefully, including transaction fees, and then confirm the transaction. Some wallets may require additional security steps, like two-factor authentication.

Wait for Confirmation: Bitcon transactions are recorded on the blockchain, and you'll need to wait for confirmation to ensure the transfer is complete. This can take some time depending on network congestion.

For more guidance and insights into Bitcon transactions and wallets, visit Scallop. This website offers valuable information for both beginners and experienced users, helping you navigate the world of cryptocurrencies with confidence.