Since Bitcoin emerged 11 years ago, it is now the first thing we think about when we hear the words “crypto” or “blockchain.” For those that wish to invest in Bitcoin, be aware that there are lots of Bitcoin wallets and storage devices to choose from, so making a choice will not be easy. To help with that, see our list of 6 Best Bitcoin Wallets:
1. Exodus:
This is a desktop and mobile wallet with an uncomplicated UI and an exchange built-in. An amazing feature it comes with is being able to swap between a growing number of cryptocurrencies.
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It presently allows for swaps between more than 100 different cryptocurrencies. With how simple it is, Exodus Bitcoin wallet is amazing for beginners who are just exploring the crypto space.
2. Electrum:
Electrum has been around for years and its user interface is everything to write home about. This wallet is open-source, meaning it lets users set custom transaction fees, and also allow them to decide between legacy Bitcoin and Segwit. It also provides users the ability to determine the level of security they want to use. In fact, your seed phrase can be elongated with custom words.
3. Mycelium:
This is a pen-source and mobile-only Bitcoin wallet that currently supports just Bitcoin. It is very similar to Electrum, but it is mobile-only and delivers a better UI.
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It comes with built-in exchange and users will be able to set custom transaction fees. Therefore, you can decide how long you are ready to wait for a transaction to be wrapped up.
4. Ledger Nano X:
If you are searching for the best Bitcoin hardware wallet out there, it is definitely this one. It looks like a USB drive and it connects to your device via USB or Bluetooth.
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Meaning, you can connect the wallet to your iOS or Android device and no PC is needed. This wallet supports more than 1,500 cryptocurrencies too and the numbers rise yearly.
5. Trezor Model T:
This one and Ledger Nano X are quite identical but the Trezor Model T wallet allows the user to access third-party exchanges like Changelly and Shapeshift directly from its website interface. It is very comfortable to use but quite expensive. There is a touch screen which makes things simpler for beginners than the buttons the previous model used. This wallet is even home to a MicroSD card slot, letting you use the MicroSD cards to encrypt the PIN and further safeguard your device from attacks.
6. Ledger Nano S:
This is one of the first hardware wallets ever made and it works with thousands of cryptocurrencies. It has no USB type-C cable, therefore users with more modern mobile devices might have trouble connecting to their devices.
There is no Bluetooth connectivity here but you can store up to 100 wallets simultaneously. You can use it seamlessly with Ledger Live and it is amazing for those that want to store their cryptocurrency safely for a decent price.
More Information On Bitcoin:
Bitcoin (?) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.
It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining.
They can be exchanged for other currencies, products, and services. Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
The first wallet program, simply named Bitcoin, and sometimes referred to as the Satoshi client, was released in 2009 by Satoshi Nakamoto as open-source software.
In version 0.5 the client moved from the wxWidgets user interface toolkit to Qt, and the whole bundle was referred to as Bitcoin-Qt. After the release of version 0.9, the software bundle was renamed Bitcoin Core to distinguish itself from the underlying network.
There you have it – a comprehensive list of 6 of the best bitcoin wallets to store your bitcoin securely. If you have any personal favorite or other recommendations, feel free to drop them in the comment section below.