Cryptocurrency, as we all know, has become a global phenomenon as it is believed that it provides safe financial transactions and is counted among the digital assets that the world needs today. This works through the blockchain technology which is responsible for keeping a database of all the transactions that are being made. In case you are planning to buy bitcoin , one of the key steps that you would need to consider is to find a wallet in which you can store your currency.
There is certainly a shortage of wallets that support bitcoin, however, a few of them that are available today come with advanced features and high-level security. When you are choosing one for yourself, you need to be aware of factors such as its interface, usability, functionality, security and backup features in order to ensure that you are choosing the right wallet for managing your finances.
Wirex is a very simple online wallet that has an android and apple mobile application. Wirex has its own Visa card as well. I simply log in to my Wirex mobile wallet and exchange the amount of bitcoin I want to spend. To learn more visit their official website. Although there are several mobile and desktop wallets that you can find today, the ones listed below are some of the best cryptocurrency wallets that you can pick up for yourself:.
Below is a small description for each of the wallets that are in our best cryptocurrency wallets list. As I said earlier Wirex is my all-time favorite. With Wirex you can store your crypto, exchange them to fiat or crypto at any time, spend them with your Wirex Card and even withdraw them to your bank account. Coinbase is one of the most popular web wallets which can store cryptocurrencies such as Bitcoin Cash, Litecoin, and Ethereum. It is easy to use and extremely convenient for beginners.
It also provides offline storage, multi-sign functionality along with time-delayed withdrawals. Moreover, you have full control over the private keys. It is advised that you do not store large amounts of cryptocurrencies and instead use an offline method to do so. Their wallet supports over 50 different cryptocurrencies including some of the most popular ones like Bitcoin, Ethereum, Litecoin, Ripple etc.
It is one of the safest places to store cryptocurrency and is a kind of hardware wallet that you can find around. This wallet looks like a slick USB device which can reduce the possibility of cybersecurity risk and is absolutely easy to use. To setup Nano S, you would be required to insert a four-digit PIN through which payments can be made. Moreover, in case there are more than three incorrect PIN guesses, the wallet would automatically swipe away all the information.
It comes with a built-in OLED display that can be used to confirm the transactions. Visit Site. It is one of the oldest hardware wallets that were made for storing bitcoin and became popular among the cryptocurrency enthusiasts. In case you are looking to store a large amount of cryptocurrency, then this wallet would certainly be useful for you. It is a small device that connects to your computer through a USB cable.
It comes with its sets of private keys which can be backed up using a twenty-four-word password that gets available on setup. It also comes with additional security features with a screen that allows you to check the transactions. It can support different types of cryptocurrencies along with tokens and coins. But if you want to store bitcoin on this wallet, you would need to pay from your pocket. KeepKey is another hardware device that is used in the form of a USB device.
It provides great security and is easy to manage so that even the beginners do not find it hard to have access to it. This wallet allows you to make and store any number of private keys and also comes with an OLED display along with the transaction confirmation button. It can be integrated with the desktop software which makes it easy for you to handle private key generation and manage the transactions.
This device works well on Mac, Windows and Linux operating systems and can be used to keep different types of cryptocurrencies. As it is new, it is certainly not that popular like the other wallet options that you would find. Also, you would need to think a lot before investing in it as the cost of purchasing it is slightly heavy on the pocket.
Secure, manage and exchange your portfolio in one place! Auto-update inside the app allows you to install the new version instantly. Your private keys are encrypted on your device and never leave it.
Mnemonic seed phrase belongs only to you and allows to access to the portfolio. Only you have access to your funds. Atomic is built on top of common open source libraries. You can exchange a range of coins and tokens to any other just in one click. No external services needed. Whole process takes about 20 minutes. Atomic is fully decentralized application. We never have access to your funds. Atomic engineers are always happy to assist you by email support atomicwallet.
Atomic is focusing on exceptional user experience. App is fully optimised for your device. Exodus can support cryptocurrencies such as Litecoin, Bitcoin Cash, Ethereum, Dash, along with several others and provides an insight into what more can be added over the course of time. This wallet makes it possible for you to exchange assets but for that, you might need to pay extra funds from your wallet.
The customer support services at Exodus are excellent as they give fast responses. The only drawback with this wallet is that there is a lack of support when it comes to authentication and the security levels are also not high. Electrum is one of the best cryptocurrency wallets and can be downloaded for Linux, OSX, and Windows along with the app.
This app provides great safety and reliability which is why it is highly popular. The key that is provided with the Electrum Wallet is encrypted and never leaves the computer. Moreover, you can even set up the authentication of your account. The app that is offered by Electrum offers a fast and lightweight desktop app and can be designed in a manner that it can manage the BTC holdings.
The disadvantage with this app is that you cannot use this wallet to hold different varieties of cryptocoins and the interface and prove to be a little confusing for the people who are using it for the very first time.
Armory highly lays emphasis on extreme security and offers great flexibility. It is highly functional and comes with cold storage capability along with multisign features. In addition to that, the user has complete control over the storage and creation of private keys.
It can be used for free and can be run on different operating systems. It only supports bitcoin and can prove to be a bit challenging for those who are beginners. It is fast to use and easy to operate which makes it ideal for beginners. You can secure your account by verifying the email, linking up the mobile number, and blocking requests.
They are not as secure as expected and it would be better if you choose to store the cryptocurrency offline. Green Address is another popular option that offers great security and privacy. They come with several security features such as a multi-sign feature which makes it easy for the clients to access the account easily. It does not store the private keys of the users even when they are encrypted. Moreover, you might claim third-party approval before you happen to make payments.
Bread Wallet is a mobile wallet that can be used for Android and iOS devices. It can be freely downloaded and comes with an easy-to-use interface. It has a straightforward setup process which makes it easier for beginners to have easy access to it. Several other security features that come with this app include a restore and backup facility along with ID protection.
However, it does not offer advanced security features which is one of its drawbacks. Edge Wallet is a mobile wallet available for both Android and iOS devices and offers an easy-to-use interface that is ideal for the beginners.
In addition to that, it comes with two-factor authentication features. It can be used for scanning QR codes and offering easy fund transfers.
It is only compatible with bitcoin and Bitcoin Cash. Mycelium is another mobile wallet that offers an open-source program and comes with a wide range of features that make it highly popular among the bitcoin holders. As it has several advanced features when it comes to security, it proves great for backups and offers multi-sign functionality. It can only be accessed via a smartphone. It is consistently being developed as it is open-source which is why it has a lot of scope of adding new features and increasing security levels for safe transactions.
Jaxx is one of the most popular bitcoin wallets which can store currencies such as Ethereum tokens , Bitcoin Cash and around fifty other cryptocurrencies. Its interface is interactive and easy to understand which makes it ideal for beginners to use this application. Its interface is one of the key features that have made it a prominent application. You can also store private keys on your smartphone and do not need to insert your personal details to access it.
On a final note, cryptocurrency wallets need to be managed carefully and should be chosen only after considering all the factors that you are looking for in an ideal mobile or desktop wallet. I hope you enjoyed our best cryptocurrency wallets list. If you found this article useful, please consider sharing it with the rest of the crypto-community. Save my name, email, and website in this browser for the next time I comment. Sign in. Log into your account. Password recovery.
This list of best hardware wallets will be your best friend in avoiding something like that happening to you. Some people are happy storing their coins in desktop or software wallets. However, the clever ones want to use more secure wallets. And this is not a bad idea if you are a long-term investor. I personally endorse using best hardware wallets because they offer great security, and they can also be used for day to day transactions. Hardware wallets are built in the form of a small computer and they promise enhanced security against software cryptocurrency wallets in the case of scams or theft. Moreover, your coins are safe even if someone stole your hardware wallet or your computer is hacked. If you lose your hardware wallet, all your coins can always be restored on a new cryptocurrency wallet.
Do you own bitcoins? Are you sure your cdyptocurrency are safe from hackers? If these sites get hacked, or they decide to shut down the operation, you will lose your bitcoins. If you are looking to store best wallets for cryptocurrency 2020 long term, you should use a cold storage method. I will discuss cold storage in detail in another article. Even if you lose your phone at some point in the future, you can always recover your bitcoins using your seed word.
I have personally used these wallets for a significant amount of time before listing them. Also remember: When you download the app, make sure the app page is secure https. Coinomi is a popular lightweight multi-coin HD wallet for Bitcoin and other altcoins. It allows you to control your private keys and supports a maximum number of cryptocurrencies right now in best wallets for cryptocurrency 2020 market.
And not only this but they were also the quickest to support these forked currencies. It is only available for Android as of now, but iOS support best wallets for cryptocurrency 2020 also coming soon. AirBitz was one of the pioneer crypto and Bitcoin wallet that broke out in Instead, they give you the password which kind of breaks down you seed in the background.
Electrum is a lightweight Bitcoin wallet developed by the Bitcoin community in early It is an open source project released under an MIT license. It is also an active wallet to perform segwit enabled transactions for its users. Plus, you get seed and PIN for the custody of your funds. Download Electrum Wallet. If you are looking for an Android wallet that supports multiple cryptocurrencies, Jaxx is an ideal choice.
At the time of writing this exclusive wallet list, Jaxx supports the following currencies:. Download Jaxx app from Google Play. Before Mycelium, I used to store my bitcoins on exchanges. This is one of the most popular Android Bitcoin wallets where you own the seed key.
It also works with hardware wallets. When you install it for the first time, you are given the option to restore your wallet from a seed bwst or create a new beet. Save that in a secure place. Always remember: If you lose those 12 words, you will lose your bitcoins. Mycelium also supports adding a PIN code to further secure your wallet if someone gets physical access to your device.
The app also supports an address book, so you can store some contacts for issuing quick transactions. Download the Mycelium app from Google Play. For now, if you wish to bset some more wallets, let me know in the comments section. Looking for more options for Android Bitcoin wallets? Here cryptocurrrency some other resources:. Do let us know what methods you are using to store bitcoins for the long term. Looking forward to hearing your thoughts in the comments!
An international speaker and author who loves blockchain and crypto world. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. Your email address will not be published.
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