This guide will help you to find the best Bitcoin wallet or cryptocurrency wallet for YOU!

Theres no one size fits all wallet. Wallets come on different platforms with different features.

If you want the best possible wallet, keep reading…

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

DropBit is new, but is very easy to use and friendly for new Bitcoin users. It supports Bitcoin only.

Electrum is a Bitcoin-only wallet that has been around since 2011. Its easy to use, but has advanced features.

A Bitcoin/cryptocurrency wallet is the first step to using Bitcoin or crypto.

A wallet is basically the equivalent of a bank account. It allows you to receive bitcoins and other coins, 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.

Wallets contain private keys; secret codes that allow you to spend your coins.

In reality, its not coins that need to be stored and secured, but the private keys that give you access to them.

A crypto or Bitcoin wallet is simply an app, website, or device that manages private keys for you.

This guide will show you how to create a wallet and pick the best one.

Lets discuss the types of wallets and why you might want to use one kind over another.

A hardware wallet is a physical electronic device, built for the sole purpose of securing crypto coins.

The core innovation is that the hardware wallet must be connected to your computer, phone, or tablet before coins may be spent.

The two most popular and best Bitcoin and cryptocurrency hardware wallets are:

Hardware wallets are a good choice if youre serious about security and convenient, reliable Bitcoin & crypto storage.

Hardware wallets keep private keys separate from vulnerable, internet-connected devices.

Your all-important private keys are maintained in a secure offline environment on the hardware wallet, fully protected even should the device be plugged into a malware-infected computer.

As bitcoins and cryptocurrencies are digital, cyber-criminals could, potentially, target your computers software wallet and steal them by accessing your private key.

Generating and storing private keys offline using a hardware wallet ensures that hackers have no way to reach your coins.

Hackers would have to steal the hardware wallet itself, but even then, it can be protected with a PIN code.

Dont worry about your hardware wallet getting stolen, lost or damaged either; so long as you create a secret backup code, you can always retrieve your coins.

Think of a hardware wallet like your own underground steel vault. If you own a significant amount of bitcoin or crypto, you should strongly consider getting one!

Hot wallets are wallets that run on internet connected devices like a computer, mobile phone, or tablet.

Private keys aresecretcodes. Because hot wallets generate your private keys on an internet connected device, these private keys cant be considered 100% secure.

Think of a hot wallet like your wallet today: you use it to store some cash, but not your life savings. Hot wallets are great if you make frequent payments, but not a good choice for the secure storage of bitcoins.

Easiest way to store small amounts of bitcoin and crypto

Convenient; spending and receiving payments is easy and fast

Some hot wallets allow access to funds across multiple devices

Not safe for the secure storage of large amounts of bitcoins and crypto

Investing or saving? Then a hardware wallet will keep your coins safe.

Otherwise, a software wallet will send and receive bitcoins & crypto just fine. Best of all, software wallets are free.

Each wallet has pros and cons, and different wallets are built to solve different problems.

Some wallets may be geared towards security, while some wallets may be more focused on privacy.

Your specific needs should determine the wallet you use, as there is no best bitcoin wallet.

Below, weve listed wallets you can buy or download. We suggest using the wallets listed or doing research before buying or downloading any wallet.

Each day, new Bitcoin scam wallets are added to the Google Play Store and Apple app store that aredesigned to steal peoples bitcoins.

We only list wallets that have published and open-sourced their code.

But the price can be worth it if you own a significant amount of coins. A hardware wallet will protect a few hundred in bitcoin/crypto just as effectively as a few million.

Hardware wallets are secure, offline devices. They store your private keys offline so they cant be hacked.

This means you can even use one on a malware infected computer.

In the table below, youll notice we show which hardware wallets have screens.

Screens provide extra security by verifying and displaying important wallet details. Since the hardware wallet is nearly impossible to hack, its screen is more trustworthy than data displayed on your computer.

Check the table below for a quick comparison. Note:

We also did a detailedcomparison of the three main ones: Ledger Nano S, Trezor, and KeepKey.

The Ledger Nano X is Ledgers newest hardware wallet. The main benefit is that it has bluetooth, making it the first hardware wallet that connects with iOS devices. Its more secure than using just an app on your phone, because all transactions are signed with the Nano X.

The Ledger Nano S is the cheapest of the three hardware wallets with a screen; it costs about $59. Ledger, one of the most well-known Bitcoin security companies, released the device in August 2016.

The TREZOR Model-T is a second generation Bitcoin/crypto hardware wallet manufactured by SatoshiLabs. The TREZOR line debuted in 2014 with the TREZOR One and has remained one of the most popular cryptocurrency cold storage solutions to date.

TREZOR launched in August 2014 as the first Bitcoin hardware wallet, offering secure bitcoin storage plus the ability to spend with the convenience of a hot wallet. TREZOR is a small, thumb-sized device.

KeepKey was released in September 2015 and was the second hardware Bitcoin wallet to offer a screen. The KeepKeys larger screen gives it some extra security features that the Nano S and Trezor lack.

Hot wallets are Bitcoin wallets that run on internet connected devices like a computer, mobile phone, or tablet. As hot wallets generate private keys on an internet connected device, these private keys cant be considered 100% secure.

Think of a hot wallet like your wallet today: you use it to store some cash, but not your life savings. Hot wallets are great if you make frequent payments, but not a good choice for the secure storage of bitcoins.

Web wallets store your private keys online, where they are encrypted with a user-selected password. Although they offer the lowest level of security, online bitcoin wallets have the advantage of being accessible from any internet connected device.

GreenAddress is a multi-signature Bitcoin wallet available on the web, desktop, Android, and iOS. GreenAddress is compatible with hardware wallets like TREZOR, Ledger Nano, and the HW.1.

Multi-signature in this context means that the site requires a manual confirmation from you for your coins to be moved; this greatly improves security.

There is a large selection ofAndroid wallets. Since Bitcoin wallets were originally banned by Apple, developers spent much of their time developing for Android.

Samourai is 100% the best available Android wallet. It has the most features, the best privacy and its developers are constantly working to add the latest Bitcoin features to the wallet. Samourai Wallet has been around for more than 3 years and its code is fully open source.

Mycelium is the most popular Bitcoin wallet on Android. Its very easy to use for sending and receiving payments. Backing up your wallet is also simple, since Mycelium makes it very clear with setup and backup instructions.

breadwallet, the great iPhone Bitcoin wallet, recently released an Android wallet. It offers the user control of private keys, an easy to use interface, and passcode support.

Edge is an easy to use Bitcoin wallet for iPhone and Android. Its familiar login feature makes using the app a breeze for people new to bitcoin. The wallet also creates automatic backups, so you dont have to worry about the technicalities of performing manual wallet backups.

GreenBits is the native Android version of GreenAddress. Its a multi-signature wallet that also supports hardware wallets like TREZOR and Ledger.

Bitcoin Wallet, or Schildbach Wallet, was the first mobile Bitcoin wallet. Bitcoin Wallet is more secure than most mobile Bitcoin wallets, because it connects directly to the Bitcoin network. Bitcoin Wallet has a simple interface and just the right amount of features, making it a great wallet and a great educational tool for Bitcoin beginners.

Applebanned Bitcoin walletsfrom the App Store in February 2014, but reversed its decision a few months later. Luckily, there are now plenty of options for iOS users.

DropBit is the most user-friendly iOS wallet available. You can send bitcoin to friends using just a phone number. Most importantly, DropBit allows you to control your own private keys.

We consider breadwallet, along with Copay (below), as the best bitcoin wallet for iPhone. Its open source and gives the user full control over their private keys. It also has a clean interface which makes the sending and receiving of bitcoins a pleasurable and super-simple process.

Edge is an easy to use Bitcoin wallet for iPhone and Android. Its familiar login feature makes using the app a breeze for people new to bitcoin. The wallet also creates automatic backups, so you dont have to worry about the technicalities of performing manual wallet backups.

Desktop wallets are downloaded and installed on your computer. If privacy is your main concern, the Bitcoin core wallet is a good option since it does not rely on third parties for data.

Electrum is a light weight Bitcoin wallet for Mac, Linux, and Windows. Electrum was created in November 2011. The main features of Electrum are: support for hardware wallets (such as TREZOR, Ledger Nano and KeepKey), and secure Bitcoin storage using an offline computer. Electrum is a good option for both beginners and advanced users.

One last thing to keep in mind when it comes to bitcoin wallets is that there is a difference between a wallet and a bank. Some Bitcoin users viewCoinbaseas a Bitcoin wallet, but companies like this operate much more like banks.

The private keys are what users need to protect to safely use the Bitcoin network without getting robbed. When you hand someone else control over your private keys, you are essentially making a deposit at that financial institution much like a deposit at any bank.

Dont store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams. Control your own private keys.

This is not to say that bitcoin banks are inherently bad. Companies like Coinbase have done wonders for bringing more users into the ecosystem. It is simply important to remember thatwhoever controls the private keys controls the bitcoin attached to those keys.

A misunderstanding of this point has led to hundreds of millions of US dollars being lost in the past, so its important to understand this critical difference in how Bitcoin private keys can be stored.

Understanding how bitcoin wallets work is an important aspect of safely using this new technology. Bitcoin is still in its early years of development and wallets will become much more user-friendly in time.

In the near future, certain devices may eventually come with pre-installed wallets that interact with the blockchain without the users knowledge.

For now, its vital to keep in mind that the private keys are what you need to protect if you want to keep your bitcoin safe from hackers, user error, and other possible issues.

Your bitcoins are only safe if the private key was generated securely, remains a secret, and–most importantly–is controlled only by YOU!

Here are two examples where users got ripped off by leaving bitcoins in the care of a third party:

To avoid theft, scams, and any other loss of funds, follow these three basic principles:

Generate your private keys in a secure, offline environment

. (Except if using trivial amounts, in which cases keys may be created in a hot wallet).

. This helps to protect against the loss of your bitcoins due to hard drive failure or some other problem or accident. Ideally you should have a duplicate set of backups kept off-site to protect against the possibility of fire, robbery, etc.

Encrypt wallets to provide additional security

. This helps prevent the physical theft of your funds in the event that your device or hardware wallet is stolen.

Securing your bitcoins properly is the most important step for any Bitcoin user.

With Bitcoin you have the privilege – but also the responsibility – to safeguard your own money. There have been countless scams related to Bitcoin that could have been prevented had people not entrusted others with their bitcoins.

Its a good rule of thumb to never trust anyone else with your money.

Bitcoin Wallets let us send, receive and store Bitcoin amounts all the way down to theSatoshi unit.

Wallets secure funds by guarding our private keys. These private keys act as the proof of ownership for our Bitcoins. As such, a Bitcoin wallet is like a key to your safe deposit box on the Blockchain.

Private keysemerged as a way to communicate securely through insecure communication channels.

Historically, before the advent of public key cryptography, the greatest cryptographic weakness was the inability to communicate the key that makes sense of encrypted messages. As a solution, the use of two keys (public and private) entered the picture.

Keys come in pairs. The public key is used to encrypt the message whereas the private key decrypts the message. The only person with the private key is you. Everyone else is free to have your public key. As a result, everyone can send you encrypted messages without having to agree on a key beforehand. They simply use your public key and you untangle the gibberish by using your private key.

At the end of the day, all of this can go over your head without much danger. Just remember that its good to know what youre dealing with. Bitcoin wallets make use of a fundamental cryptographic principle that we use for things ranging from https for websites or sending anonymous tips to Wikileaks. Most importantly, by understanding private keys youll have a much easier familiarizing yourself with Cold Storage wallets.

ABitcoin addressis like an account number, just better. The address denotes which wallet the coins should be sent to. Like a bank account number, where the difference lies in the wallets having multiple addresses. These can be customized by including payment request information such as an amount and a date of expiration.

Bitcoin wallet addresses are case sensitive, usually have 34 characters of numbers and lowercase letters, start with either a 1 or a 3, and never use 0, O, l and I to make every character in the address as clear as possible. Thats a lot to take in. But dont worry. What they consist of is largely irrelevant to you. Just know theyre a string of characters that denote a destination on the Bitcoin Blockchain.

How to generate a new Bitcoin Address varies between wallets. Some manage your addresses for you. Others give you full control. As with many other Bitcoin technologies, the option to dirty your own hands is always open.

If you do end up taking the easier route, just press a button to generate a new address for your wallet.

Some wallets, like Electrum, allow you choose in how many blocks your transaction should be confirmed. The faster you want your payment to go through, the more you will have to pay miners for confirming your activity. We find here another difference between Bitcoin wallets and Bank accounts. Given the right wallet, the control and oversight that we have over our transactions is far more extensive than that of the traditional banking system.

First, acquire some Bitcoins. Go through an exchange in your country, ask an acquaintance to share, or if you want as seamless of an experience as possible. The purchased coins can then be sent to your wallet by specifying one of its addresses.

Some wallets, particularly online ones, also let you buy coins. Keep in mind that these come with larger exchange margins which are best left alone.

Is Bitcoin asafe wayto store value digitally? Are we wise to save our coins on our computer? Its true that online wallets are necessarily more dangerous than offline wallets. However, even offline wallets can be breached, meaning that security in the Bitcoin world depends largely on following good practices. Just like you would avoid flailing your bills about in a dangerous place, you should make sure to keep your passwords and keys as safe as possible.

To some readers this might seem like a weird question. Truth is, people coming from a financial or business background are likely to expect Bitcoin to be a direct alternative to our current financial system. This is not the case.

You dont need a Bitcoin account. There is no such thing really. You just need a wallet. The only accounts you might encounter are online wallets that are separated into various accounts via a user system.

Lets be honest. Its unreasonable to expect anyone else to make this decision for you. After all, your preference depends entirely on your personality and needs. So just be honest with yourself.

Frankly, you shouldnt need anything complicated if youre using the wallet for simple internet expenses or as a way to save money.

If, however, youre planning to run a Bitcoin centered business make sure to use advanced wallets that support automated mass payments.

First of all, dont rest your money in an exchange wallet. Keep your coins in an environment where you have complete control.

Secondly, dont keep all of your coins in one place. Youll be crushed if you lose access to a wallet with all of your funds.

Thirdly, double check the target address. Bitcoin transactions cannot be reversed, so dont lose your coins forever to a stranger!

Last of all, use trusted online wallets (if at all). Dont just trust anyone with your money. Make sure that the online wallet provider has a reputation of upholding the highest possible security standards.

Other wallet types are hot wallets. This means they are wallets run on an internet connected computer.

Android wallets, iOS wallets and desktop wallets are all examples of this.

We recommend keeping at least two backups of your seed in multiple locations.

You can also laminate your seed to protect against water damage or any other damage.

Keeping your seeds in fire proof safes can help protect in the event that the storage location isburned down.

Another option is to put your seed into metal manually using stamps, or usingBillfodl.

Unless youre using a 25th word, someone who finds your 24 word seed can sweep your entire wallet.

Coinbaseis a web wallet with a simple design and a number of very useful features that make it excellent for beginners. You can send and receive bitcoins via email and buy and sell bitcoins directly from Coinbase.

Once you get the hang of things, it is better to move your coins off of Coinbase and into a wallet mentioned above like the Ledger Nano S. Coinbase is a good place to buy bitcoins and learn how it works, but not a good solution for long term storage.

A full-featured Android app enables access to all account functions on the go. Coinbases founders have a proven startup track record and have raised money from very prominent venture capitalists. This gives Coinbase a level of legitimacy unparalleled in the Bitcoin space. They are also one of the only large Bitcoin companies to never suffer a major hack.Click here to sign up.

Electrumis a software wallet that enables you to set up a strong level of security very quickly. During the simple installation process, you are given a twelve word phrase that will allow you to recover all of your bitcoins in the event that your computer fails. Your wallet is also encrypted by default which helps protect your coins against hackers. Electrum is available for Windows, OSX, and Linux and is our recommended software wallet for beginners.Click here to download the right version for your operating system.

We also recommend a few other wallets, but not for the beginning Bitcoin user. If you are up for more of a challenge,Armoryis a good choice for those requiring the highest possible security, and the originalBitcoin-Qtclient is also trusted and worth learning how to use.

Now that you have a wallet set up, its time tolearn how to get some bitcoins.

DigitalBitboxseems to be the product of the paranoid fevered dreams of an all too brilliant mind. Most true aficionados of cryptocurrencies tend to err on the side of caution where security is concerned.

By comparison, the makers of DigitalBitbox live there permanently. By no means is that a bad thing as Shift Devices may have created the most secure cold storage device for cryptocurrencies outside of a paper storage.

Not only is the DigitalBitbox a very well-guarded device, but it also brings a host of other features that really help to extend its usage and set it apart from the competition.

Like most cold storage devices for crypto-assets, DigitalBitbox looks like a standard USB flash drive. The one thing that sets it apart from hardware wallets is the micro SD card embedded horizontally in the middle. Not only does this feature set it apart visually, but also functionally.

The chief selling point of this hardware wallet is that you no longer have to write down several passphrases to recover your assets in case of an emergency. Rather, when you first setup the DigitalBitbox all this information is automatically stored on the SD card. No doubt, this has the potential to save many investors headaches in the future. Granted, you must still ensure that the SD card is kept somewhere safe and you should only ever have into inserted in the DigitalBitbox on setup or when resetting.

Beyond this great security feature, this new hardware wallet comes with a bevy of other features that either improve its overall security or extend its use beyond just storing your Bitcoins. Foremost amongst these features is the ability to create a secondary hidden wallet: marketed as Plausible Deniability by the manufacturer. The main idea here being that should store most of your assets in one less accessible wallet and the rest of them in the more visible one. If for some reason the more visible wallet is compromised, the hidden wallet and your main resources stay intact. With the aid of the micro SD card, you can regain access to them later.

Additionally, the DigitalBitbox has two modes of twin factor authentication. First, when paired with another device, you can enable two-factor authentications for using the wallet to make new transactions. Alternatively, you can use the DigitalBitbox itself as the second factor for another platform that uses two-factor authentications. It should be noted that doing this does disable some other options on the wallet. Ideally, only the first mode of twin authentication should be used if your DigitalBitbox is your main hardware wallet. However, if you dont intend to use it for making many transactions, then it makes for a useful extended feature.

When it comes to using cryptocurrencies, if security dominates your every thought, then the DigitalBitbox is the hardware wallet that you are looking for. It is exceptionally easy to engage with and it utilizes open source applications for Linus, Mac, and Windows. The only real downside for prospective users is that for all intents it is currently restricted to Bitcoin. Otherwise, it novel new platform that offers solid functionality and comes at a very competitive price.

Recently, there has been a lot of excitement around Bitcoin and other altcoins. It is understandable that some newcomers have the impression that Bitcoin is some sort of collectible item, yet the fact remains that Bitcoin is simply a currency. Stripped of all the hype and value predictions, Bitcoin is primarily a means of exchange. OpenDime is a relatively new cold storage platform that truly embraces the values of decentralization and relative anonymity. In an era where highly, accessible centralized hot exchanges are all the rage, OpenDime hearkens back to a purer philosophy and with it brings its own new take on hardware wallets to the marketplace.

OpenDimeis the making a name for itself as the piggy bank of cold storage units in the world of cryptocurrencies. It functions like other cold storage units with one key exception: one-time secure usage. That one key difference changes quite a lot in the way people use it. Other storage platforms act more like wallets to be used repeatedly with a reasonable degree of security. Whereas an OpenDime unit can be used extremely securely as an address to store Bitcoins until the owner needs to cash out, but only once. In a manner that directly parallels smashing open a piggy bank, once an OpenDime storage unit is opened it can no longer be used with the same degree of safety again. OpenDime is a platform that changes the intangible asset of Bitcoin into a physical thing that people can exchange between each other in the real world.

OpenDime works in a similar fashion to most cold storage units. You buy it, you initialize it, then you use it. The one add-on to this process is that when you want to cash the funds stored on it, you literally have to break it open.

The initialization process is relatively simple. Plug it into a USB port on your device. You will then have to generate a private key by adding 256 KB to the drive. You can do this by dragging one or two random pictures into it. After the private key is generated the drive will self-eject. It is now ready to use. To manage your assets and view your digital address you will have to open the index.htm file located on the drive. The user interface is very easy to use and even provides links to several blockchain browsers.

Eventually, you will want to access the Bitcoins or Litecoins stored on it. If you have the first version of OpenDime, you will need to break off a plastic tongue in the middle of the flash stick. Later versions work much like resetting old routers. You will need to push a pin through a marked section of the drive. Both of these processes physically change the drive. After doing this the private key associated with that OpenDime will be downloaded onto your pc or mobile device. This is the most vulnerable point in using the OpenDime. Make sure that you are using a secured system when doing this. You can then use the private key to access your funds in the same way you would with any other platform.

Hardware wallets are more secure than any other software wallet, like one that runs on your Android or iOS device, or desktop. However, hardware wallets have some unique security risks to be aware of.

We always recommend to order directly from the hardware seller. This is because someone can buy a hardware wallet, tamper with it, and sell it used. They could program it to steal any bitcoins or add a back door.

Most hardware wallets add some special kind of tape on the packaging to try to make any tampering more noticeable. This is another reason we recommend only ordering from the hardware wallet company, and not from a website like eBay.

Bitcoin private keys are based on cryptography.Random number generators, also called RNGs, are used to create the private keys that secure bitcoins.

If the random number generator is not random enough, that means someone else can recreate the private key of the hardware wallet easier. This attack has happened in the past with , a web wallet. Over 300 BTC were lost because fo did not use good RNG, so a hacker was able to generate the private keys again and steal coins.

One way to help prevent this is to use the hardware wallets custom 25th word. TREZOR, for example, allows you to add a 25th word to the 24 word seed. This means that you can technically add your own RNG to the computer generated RNG to ensure your private key will be truly based on good RNG.

All hardware wallets listed above work with other wallets. So, if the hardware wallet company goes out of business you will still be able to use your wallet with a different wallet like Electrum.

Lets say you use TREZOR with T