A Bitcoin wallet is the first step to using or trading Bitcoin. A Bitcoin wallet is simply an app, website, or device that manages Bitcoin private keys for you. A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others.
You can think of a wallet as your personal interface to the Bitcoin network, similar to how your online bank account is an interface to the regular monetary system. Bitcoin wallets contain private keys; secret codes that allow you to spend your bitcoins. In reality, it’s not bitcoins that need to be stored and secured, but the private keys that give you access to them.
There’s no one size fits all Bitcoin wallet. Wallets come on different platforms with different features. This guide will help you to find the best Bitcoin wallet for you.
Coinbase Wallet (formerly Toshi) is the easiest and most secure crypto wallet. The app helps you keep all your digital assets in one place, use decentralized apps and make crypto payments with ease.
With Coinbase Wallet, your private keys are secured using your device’s Secure Enclave and biometric authentication technology. You can download Coinbase wallet on App Store for iOS users and the Play Store for Android users.
2. Blockchain Wallet.
Blockchain claims to be the world’s most popular digital wallet for storing Bitcoin and Ether. User-friendly, secure, and flexible, Blockchain Wallet is home to over 15 million wallets.
Blockchain Wallet is a digital wallet platform developed by the Luxembourg-based software development company, Blockchain. Accessible from the web or mobile devices, Blockchain Wallet makes it easy for anyone to transact securely with bitcoin and Ether through a clean, intuitive user-interface.
Because it isn’t a full exchange, it is considered to be more secure than a site like Coinbase, where you can bet that bad guys are constantly attempting to hack. Blockchain Wallet is compatible with both Android and Apple iOS.
3. Trezor Wallet.
Trezor isn’t a full buying and selling platform like Coinbase. Instead, it is simply a hardware device to store your Bitcoin.
Trezor wallet was the original cryptocurrency hardware wallet to be released. The wallet was first released in 2014 by a company called SatoshiLabs.
Being a hardware wallet, the Trezor wallet is much safer than traditional software wallets, as private keys are held on the physical device, rather than on a mobile or desktop computer. The Trezor wallet is never connected to an internet server, meaning that it is virtually impossible for a hacker to access your funds.
Exodus is a desktop wallet designed to give you complete control over your cryptocurrency assets. The first thing that stands out about Exodus is its design. It’s chock full of charts as well as personalization features. It also offers access to 11 of the world’s top cryptocurrency assets.
For starters, it’s the first desktop wallet that offers full compatibility with ShapeShift – a popular instant cryptocurrency exchange supporting dozens of tokens. This means Exodus users have access to nearly a dozen cryptocurrencies.
Like other desktop wallets, Exodus stores cryptocurrency assets directly on your machine. Because Exodus is a lite wallet, you never have to download the whole blockchain to your computer.
Also Read: How To Invest And Make Money From Bitcoin.
5. Luno Wallet.
Luno makes it safe and easy to buy, store and trade cryptocurrencies like Bitcoin and Ethereum.
Luno facilitates Bitcoin storage and transactions such as buying, selling and paying through their Bitcoin wallet services. They also operate exchanges between fiat money and bitcoin.