Bitcoin is a widely used digital currency that has been around for over a decade now. It is used for every transaction just as the conventional bank note. This currency is saved or stored in a digital wallet that can be referred to the conventional “bank account” and which there are many of them available. In this article we have compiled the list of Best Bitcoin Wallets where you can safely and reliably stash your bitcoin. Ensure you read the through to the end to learn all that you can.
THE BEST BITCOIN WALLETS
There is an increase in the number of Bitcoin users with many users believing that it is better and safer than the traditional bank note. However, we will like to note that investing in Bitcoin is risky but if you won’t mind the risk and go ahead to invest in Bitcoin, then below is the 10 Best Bitcoin Wallets that are good for storing your Bitcoin.
- Ledger Nano X
- #1. Coinbase
Coinbase Bitcoin Wallet is rated as the overall best Bitcoin wallet coming in at the number one spot on our list of Best Bitcoin Wallets. The beauty of Coinbase Bitcoin Wallet is that it can hold more than 20 cryptocurrencies including U.S. dollars and the USD Coin pegged to the dollar. Coinbase Bitcoin Wallet give users quick and easy access to features including GDAX trading platform where you can buy, sell, and trade Bitcoin, Litecoin, and Ether. In fact, users can earn free crypto currency as they fill surveys and watch videos via Coinbase Earn. Coinbase Bitcoin Wallet is a great option for beginner because it makes buying and selling simple and easy in a similar manner to buying and selling stock through your brokerage account.
- #2. Trezor
Trezor Bitcoin Wallet is rated as the best for hardware wallet for Security that supports hundreds coins and tokens including Bitcoin, Monero, Litecoin, Dash, Zcash, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Expanse, UBIQ, NEM, and Bitcoin testnet. Trezor is an hardware wallet device where you store your bitcoins. You plug it into your computer or smartphone. Talking of security, Trezor is safe as private keys are held on the physical device, rather than on a mobile or desktop computer. The Trezor wallet is not connected to the internet making it practically impossible for your account to be hacked.
- #3. Ledger
Ledger is a secure and private Bitcoin wallet rated to be the best multi-currency hardware wallet for durability that protects your Bitcoin assets such as Bitcoin, Ethereum, XRP, Monero etc. against thefts. Ledger comes in two platforms, the Ledger Nano X, and Ledger Nano S are hardware wallets that hold and keep your bitcoins safe in an offline device. Ledger Hardware is a USB flash drive with an OLED display to view and check transactions plus send and receive currencies. It also has a pin code unlock system, support for two-factor authentication, and tamper-proof internal hardware. In addition, Ledger supports over 1,200 digital coins and tokens meaning you are not limited to just Bitcoin.
- #4. SoFi
Sofi is the best Bitcoin Wallet we recommend for beginners because it offers useful features and financial tools as well as managing cryptocurrency and traditional investments. More so, users can buy, sell, and hold bitcoins and other cryptocurrency. However, users need to bear in mind that Sofi charges $1 minimum to open an account and when buying crypto, there is charges of 1.25% for the transaction as a markup. More so, Sofi supports other cruptocurrencies (5 popular ones). In a nutshell Sofi is great for newbies who are just starting out but professionals will find its features limited, more so it is easy to buy and sell Bitcoins than to make transfers.
- #5. Robinhood
If you are looking for a bitcoin wallet that will let you purchase and sell bitcoin without any charges, then Robinhood Bitcoin Wallet is for you being considered to be the best for free buying and selling. Robinhood Bitcoin Wallet is all-in-one serving as a wallet to hold your currency and also as an exchange platform like Coinbase where you can also buy and sell currency. More so, it accommodates more than just bitcoin currency but other cryptocurrencies. The killjoy is that you can’t make transfer from Robinhood to another wallet safe from within the wallet itself.
Robinhood Bitcoin Wallet is originally designed as a mobile-first platform but has overtime developed and now has a desktop version. In addition, all transaction done using Robinhood Bitcoin Wallet is free with no commission when buying or selling Bitcoin making it a great option for newbies.
- #6. Edge
Edge is not left out on our list been considered as the Bitcoin wallet for mobile making it a great option for those who perform all their crypto transaction including trading on their mobile device be it android or iOS. This is strictly an app-based Bitcoin wallet that cannot be accessed on the internet or through your computer. Users who opt for this bitcoin wallet will enjoy optimal security with its two-factor authentication. More so with its blockchain services you can purchase Bitcoin using other cryptocurrencies or fiat currency as needed. It is absolutely convenient and easy to use making it a great option for newbies.
- #7. Exodus
Exodus is an alternate of Edge as it is strictly designed to work and run only on PC and it is rated the best bitcoin wallet for desktop only although there is a mobile version. It is designed with an attractive user interface that allows you to easily navigate through the system. Exodus allows you to manage and exchange your bitcoin including other cryptocurrencies like Ethereum, Monero, and more. It also secures your assets and it is super easy to use with over 100 digital assets. It also prioritizes user privacy as there is no need for setting up any accounts thereby giving users a greater control. In addition for optimal security, Exodus gives users a private key to access their bitcoin, and other useful security tools to safeguard their assets. Aside from holding bitcoins, users can exchange and store coins right from the desktop.
- #8. Ledger Nano X
Ledger Nano X is one of the best hardware wallets for any cryptocurrency and also among the Best Bitcoin Wallets available. The device is designed in a USB flash drive format that is easy and simple to use. More so, it offers a high level security for your assets which is difficult for hackers to break through. The device features Bluetooth, and it can connect with iOS devices. In fact, the device is designed with privacy and security of users crypto assets in view making it more secure than using just an app on your phone; and importantly, all transactions are signed with the Nano X. more so, it can hold any type of cryptocurrency which makes it flexible for users to buy and purchase other currencies aside from Bitcoin.
- #9. Zengo
Zengo is another breakthrough in the world of cryptocurrency. It is designed to work on mobile devices such as iOS & Android. It does not require any sort of password. Rather it use threshold signatures that replace the traditional private key with two independently created “mathematical secret shares.” It allows users to perform all form of transaction and as well hold cryptocurrency of various kinds.
- #10. Electrum
Last on our list is Electrum, a simple yet powerful desktop wallet that is fast, secure and easy to use. It is mainly designed for computer users just like Exodus. It features lots of security tools that help secure users’ Bitcoins. More so, Electrum only supports Bitcoin currency. Electrum is user-friendly and can be used to send and receive Bitcoin payments regularly aside from just holding Bitcoin within the system.
Conclusion on The Best Bitcoin Wallets
There you have the list of Best Bitcoin Wallets that optimally holds your Bitcoins and other cryptocurrencies without feeling tension or unrest. More so, these Bitcoin wallets offer much more than just storing your Bitcoins but offer you other services just as discussed in the body of this article. having narrowed down the large number of Bitcoin wallets to just 10 of them covering web-based, desktop-based and mobile-based Bitcoin wallets, waste no time to settle for the one that best meet your preference and safeguard your digital currency and assets today.
Tag: The Best Bitcoin Wallets