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 banknote. This currency is saved or stored in a digital wallet that can be referred to as the conventional “bank account,” and 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 them through to the end to learn all that you can.
THE BEST BITCOIN WALLETS
There is an increase in Bitcoin users, with many users believing that it is better and safer than the traditional banknote. 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, below are the 10 Best Bitcoin Wallets that are good for storing your Bitcoin.
- Coinbase
- Trezor
- Ledger
- SoFi
- Robinhood
- Edge
- Exodus
- Ledger Nano X
- Zengo
- Electrum
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 gives users quick and easy access to features, including the GDAX trading platform where you can buy, sell, and trade Bitcoin, Litecoin, and Ether. Users can earn free cryptocurrency by filling out surveys and watching videos via Coinbase Earn. Coinbase Bitcoin Wallet is an excellent option for beginners because it makes buying and selling simple and accessible similar to buying and selling stock through your brokerage account.
2. Trezor
Trezor Bitcoin Wallet is rated as the best hardware wallet for Security that supports hundreds of coins and tokens, including Bitcoin, Monero, Litecoin, Dash, Zcash, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Expanse, UBIQ, NEM, and Bitcoin testnet. Trezor is a 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 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 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 valuable features and financial tools and manages cryptocurrency and traditional investments. More so, users can buy, sell, and hold bitcoins and other cryptocurrencies. However, users need to bear in mind that Sofi charges $1 minimum to open an account, and when buying crypto, there are charges of 1.25% for the transaction as a markup. More so, Sofi supports other cryptocurrencies (5 popular ones). In a nutshell, Sofi is great for newbies who are just starting, 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 considered the best for free buying and selling. Robinhood Bitcoin Wallet is all-in-one serving as a wallet to hold your currency and 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 a transfer from Robinhood to another wallet safe from within the wallet itself.
Robinhood Bitcoin Wallet was designed initially as a mobile-first platform but has 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 an excellent option for newbies.
6. Edge
Edge is not left out on our list. It has been considered the Bitcoin wallet for mobile, making it an excellent option for those who perform all their crypto transactions, including trading on their mobile device, 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. With its blockchain services, you can purchase Bitcoin using other cryptocurrencies or fiat currency as needed. It is 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 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 greater control. In addition to optimal Security, Exodus gives users a private key to access their bitcoin and other helpful 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 among the Best Bitcoin Wallets available. The device is designed in a USB flash drive format that is easy and simple to use. It offers a high level of security for your assets which is difficult for hackers to breakthrough. The device features Bluetooth, and it can connect with iOS devices. The device is designed with the privacy and security of the user’s crypto assets in view, making it more secure than using just an app on your phone. Importantly, all transactions are signed with the Nano X. more so. It can hold any cryptocurrency, making 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 password. Instead, it uses threshold signatures that replace the standard private key with two independently created “mathematical secret shares.” It allows users to perform all forms of transactions and hold cryptocurrencies 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 send and receive Bitcoin payments regularly aside from just holding Bitcoin within the system.
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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 a 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 meets your preference and safeguard your digital currency and assets today.