Best Bitcoin Wallets 2019 Keep your Crypto Safely
Best Bitcoin Wallets 2019 Keep your Crypto Safely
Different types of wallets (Desktop, Mobile, Online, Hardware, Paper)
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With bitcoin becoming more and more popular, we need better and more secure places to stash them. And with cryptocurrency wallet manufacturers, giving us the freedom to buy crypto with credit/debit cards, cash, and digital assets, its up to us to choose the place where we store our precious money of the future.
Its only natural youre interested in learning about the best bitcoin wallets and want to learn more about the differences between bitcoin wallets and which one you should choose.
if you want to keep your Bitcoin in cold storage
(Hardware wallet). These wallets have high-security levels, 2FA, and no fees.
(Online wallet). These wallets are popular among the crypto users, they have low fees and fast transaction rates, as well as high-security levels.
(Mobile wallet). These wallets have great interface, comfortable features, and high-security levels.
are the wallets youd like to try if youre a Microsoft, Mac or Linux user
(Desktop wallet). These wallets are the best of the best in the desktop wallet market. They have high-security levels, private keys are in your possession and transactions have lower fees.
is a wallet that you will have to download on your PC or a laptop. Your computer will limit the accessibility of the wallet only to you and secure it.
is a cloud-based system that can be opened through any device connected to the internet, thus making it the most comfortable choice for online users.
is an app that you can download on your smartphone and use it as your small pocket cryptocurrency wallet.
wallet is for the users who want to conduct the transactions online but keep their private keys offline.
is what it sounds like. Its an offline storage option that depends entirely on the paper that contains the QR code of your wallet address.
If you prefer using desktop versions of cryptocurrency wallets, this part of the guide will interest you the most.
We can list down dozens of desktop wallets for Bitcoin storage, but we made our choice onExodusandAtomic.
Pros: supports BTC and altcoins, built-in regular exchange, comprehensive interface
Atomic wallet is probably the highest rated desktop wallet that supports 300 coins besides Bitcoin. Despite a few complaints about the high fees, it seems like the users are comfortable with using Atomic wallet.
Users can exchange BTC, LTC, and QTUM within the platform, without intermediaries
The atomic wallet also supports a mobile app for Android and iOS users
The wallet supports Windows, macOS, Ubuntu, Debian, and Fedora
You can buy XRP, BTC, LTC, and ETH with a credit/debit card.
Go toAtomic Wallet websiteand download the file for your current operating system (e.x Windows). Install the app on your computer and click on the Create a new wallet button.
Backup the wallet with randomly generated keywords and click on the button Open wallet. Remember, your private key is stored on your computer, so youre the only one who controls the money.
Pros: Private key is held by the user, high security
Exodus is a desktop-only use bitcoin wallet and the first desktop wallet to support multi cryptocurrencies at the same time.
This wallet doesnt need identity verification, which might be good news for some, but bad news for the other. But you do need to back up your seed.
Users love Exodus wallet for its interface and comfortable use. The pie-chart displays the portfolio with the utmost details and great visual effects.
The wallet supports macOS, Windows, and Linux.
Simply go toExodus.ioand download Exodus wallet version for your operating system. Install the app and start backing up the seed.Remember, you can only back up your seed if you have money on your balance.
If youre looking for maximum security, full cold storage, and secured private key, hardware wallets are the best option for you.The two best hardware wallets that you can use to store your Bitcoin are Ledger Nano X and Trezor wallet.
Pros: Full cold storage, supports more than 1100 digital assets
Ledger Nano X is a hardware wallet, meaning that you will have to buy a modem to use your cryptocurrency wallet.
Some crypto enthusiasts prefer using a hardware wallet to be completely safe with their purely cold storage.
First, you will need tobuy the modemanddownload the Ledger Liveapplication. Connect the modem to your computer and open the Ledger Live app.
Follow the instructions given on the screen. Next, you will need to choose your pin and save the recovery phrase. Now, all you have left to do is to use your new hardware wallet to send and receive your crypto.
Pros:High security, 100% cold storage, 2FA, no fees (only the cost of the device)
Many crypto enthusiasts say that security lovers should store their BTC on Trezor wallet. Why is that you ask? Trezor is a digital wallet with the highest security on the market.
Go toand buy Trezor modem. Dont forget to download and installmyTerzor plugin.
Activate your plugin and plug your Trezor device in the computer. After this, you will need to follow the instructions and choose the PIN.
The process is similar to Ledger Nano X setup. In the end, youll need to write down the randomly generated seed (a private key) and carry on with storing, sending, and receiving your Bitcoin.
Online wallets are flexible, comfortable to use, and can be used on any device and any location, as long as you have an internet connection.
So far, the best options for online wallets are Coinbase Wallet and Binance.
Pros:Low fees, high security, numerous payment methods
Coinbase is one of the leading all-crypto hubs and all-time favorite Bitcoin wallet. It is an online cryptocurrency wallet that also offers a mobile app for iOS and Android users.
Coinbase has a sophisticated exchange platform for thousands of cryptocurrencies
Coinbase supports bank account and a credit/debit card payment methods
It has no geographical restrictions and is available for everyone
All you need to do is to provide your email address, come up with a secure password, and follow the instructions given on the website.
After you verify your email, youll need to verify your identity with photos of your ID card (passport or drivers license) and a document affirming your address.
You will now be able to use your Bitcoin wallet address and QR code to receive BTC.
Pros: Low fees, hot storage feature, low minimum deposit
You might know Binance from the guides on how to use cryptocurrency exchange platforms, or you mightve bought some coins on the platform yourself. But Binance is not just an exchange platform; its a highly secure online wallet as well.
Binance allows you to store purchased and traded cryptocurrency on its native hot wallet.
Binance has low fees and high-security levels
Besides Bitcoin, it supports a huge range of Altcoins.
Its very efficient if youre looking for fast transactions.
All you need to do is to get an account on Binance and follow the instructions given on the website.
Fill in your email address and agree on their terms and services, and thats the first step of getting the Binance account. On the way to complete the registration, youll need to set up 2FA and conduct identity verification.
Thats it; now you can use your Binance account to trade and store your Bitcoins.
If you prefer a more mobile and flexible method of storing and using your BTC, its better to look into Mobile wallet listing. And let me tell you that there are hundreds of mobile wallets for cryptocurrencies.
We recommend using the highest-rated mobile apps for both iOS and Android. MyCelium and Trust wallet always come in handy for such recommendations.
Pros: comfortable interface, supports iOS and Android, supports altcoins
Trust walletis a leading mobile wallet on the crypto market.
Trust wallet supports Bitcoin and 13 altcoins
The transactions are fast and come at low cost
Trust wallet is available on the App Store and Google Play
Download Trust Walleton your device of choice and install the application.
Follow the instructions on the screen and dont forget to backup the seeds. Once you finish setting up, youll be met with a comfortable and easy-to-use interface.
Pros:High security, Hot and Cold storage options, available for iOS and Android
Many crypto enthusiasts will recommend using MyCelium. Its an excellent wallet for newbies and experienced crypto users. The interface is comfortable, the registration process doesnt take too much time, and the final results are worth the time.
Download MyCelium on your iOS or Android device and install the application.
The registration process truly doesnt take too much time as you will only need to follow the instructions given on the screen. The app will also recommend backing up the seeds, which is essential.
Once youre done, you can use your comfortable mobile wallet to store, receive, and send Bitcoins.
In-depth research is never too much if youre looking for different options and more ideas. Do your due diligence, and youll never feel insecure about your crypto knowledge and the security of your funds.
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