Let's help you find a bitcoin wallet.

what wallet to use for bitcoin

These services keep your Bitcoin private keys under their custody on your behalf. This is not a safe practice, as your Bitcoin private key is the only way to claim your bitcoins. Moreover, I think one needs to look for the following things when selecting a reliable Bitcoin wallet, irrespective of whether it is a software or a hardware wallet:.

Ledger Nano X is a hardware wallet from a French start-up. This is the most modern and functional Bitcoin wallet that you can purchase in This hardware wallet works with desktop and mobile and comes with in-built battery. From the security perspective, it has 2 chips 1 is for secure element which ensures your private keys never get exposed to the world. This is by far the best option that you have.

When you configure your Nano S as a new device, you need to set up your pin code in order to secure your wallet. After that, note down and store your word recovery phrase. This recovery phrase can be used anytime to restore your bitcoins. With this wallet, your private keys are stored offline, so you need not worry about the safety of your coins. And you can see the list of all supported cryptocurrencies here.

Note: You should always use a hardware wallet when you have a lot of bitcoins or altcoins. Atomic Wallet. Atomic Wallet is a multi-currency custody free wallet that supports over coins and tokens. This one is the first cryptocurrency wallet with decentralized cross-chain atomic swaps on board.

The team of Atomic Wallet plans to enable Ethereum for the swaps, as well. All these features are well crafted in one clear and comprehensive interface. You just download the wallet for your operating system, install it and start using.

Linux, etc. Like other non-custodial wallets, Atomic generates a mnemonic seed for your wallet and encodes private keys in your device. If you are about to store your crypto in Atomic, you must write it down and keep in a secure place, since the seed is shown only once and not sent via email.

The wallet supports private keys import, so you can move your funds from any other wallet to Atomic in a few clicks. Interestingly, Atomic Wallet provides its interface for custom tokens, so anyone is able to add their custom tokens by importing a smart contact address. Regarding the latter, Atomic is planning to release its underlying ERC20 token by the end of and now is running a bounty program where everyone may participate before the public sale.

To sum up, Atomic Wallet seems to be a quite non-typical cryptocurrency project. And all these features are performed in a non-custodial manner. Its fundamental purpose is to store your private keys offline and sign transactions. You need to enter the same pin code by clicking on your corresponding PC screen. After entering the pin, you will be asked to write your word recovery seed. Again, you need to keep your recovery key safe because this is the only way you will be able to restore your bitcoins.

It is available now for Windows version 7 and higher , OS X version You can also use it with your Android devices. Exodus is a free to use, desktop-only wallet crafted by JP Richardson and Daniel Castagnoli in mid Simply looking at Exodus. You can store your bitcoins without worry, as Exodus has no hosted servers or logs. But you certainly need to take a backup of your seed key! While taking a backup of your seed key, it also asks for your email id for sending you a one-click link recovery feature.

You can always use this email link along with your password to restore your Exodus wallet. However, one thing to remember while using Exodus is that you can only take a backup of the seed key when you have some balance in your wallet. I like using this wallet because a pie-chart at the center shows your entire token portfolio in one glance. The UI is very nice. Exodus is the first desktop wallet to have ShapeShift built in for exchanging cryptocurrencies.

Altcoins such as Binance, Monero, Tether, Ripple, and many more are on their development roadmap. Trust Wallet provides a seamless, frictionless, and easy to use UI.

It is an HD wallet which comes with a seed backup key feature. The seed key helps you in controlling and restoring your crypto assets in case your device is damaged or lost.

It is an open source and well-established Bitcoin wallet with an active developer community that is always innovating. Guarda is non HD wallet which provides you with a word backup seed key which you should write down somewhere and keep safe. This is a public address i. But your password is confidential and private for your own use and theirs is confidential and for their own use.

In an even more simplified way, a wallet is a digital file which stores your bitcoins. There are a lot of Bitcoin wallets available out there in the Bitcoin world.

To make it easier for you to understand, I have classified them based on certain criteria such as online connectivity, custodianship, and device availability. This is the most secure and safest way to store your bitcoins because they are stored in an offline environment.

At the time of this writing, there has been no reported theft or loss of bitcoins from a hardware wallet. The private keys and digital signature needed to spend bitcoins are generated via these wallets. Bitcoin wallet applications which are installable on mobile phones are called mobile wallets.

For each mobile operating system, such as iOS, Android, Windows, and Blackberry, compatible wallets are available. Below are the various Bitcoin mobile wallets and each mobile OS compatibilities.

The one that I prefer using is TrustWallet on my Android phone. The private keys are held online in these kinds of wallets. Paper wallets are a piece of paper with a public address and the private address printed on them. You can use the public address to send any amount of bitcoins. Since the keys are offline, printed and secured by the owner, there is no threat of any electronic damage to bitcoins unless the printed keys are lost. They are very much like the wallet you have in your pocket.

Read: What is Cold storage in cryptocurrency. When you entrust your bitcoins to nobody and take responsibility for your own funds by saving your Bitcoin private keys yourself, such wallets are called non-custodial wallets. The type of wallet you should use really depends on your level of activity and level of security with which you want to handle your bitcoins.

It also depends on how frequently you use your funds and how much you want to store on any particular wallet. I personally prefer hardware wallets like Ledger Nano X for storing a significant amount of bitcoins because of the high-security features.

And I use desktop wallets to keep bitcoins which I am not using for daily transactions. I only use web wallets or mobile wallet to keep small amounts of bitcoins, similar to a wallet in my pocket for daily transactions. Which wallets do you prefer to use? Have you used any on this list? Let us know in the comments below! If you want to learn about paper wallets, check out this article. 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. Not really. Will put that also but it is not that user-friendly for noobs.

Also one needs to face issues while claiming forks. I have some bitcoin in paper wallet. What is the best way to sweep it and put it on the exchange? People have lost their bitcoin even when 2fa was on. I would like to avoid to sweep on blockchain wallet — Coinomi — Extremely bad reviews on playstore. People have lost their bitcoin too.

What is the most reliable way to sweep bitcoin? How about MyCelium and electrum? Sudhir Khatwani sir, im very new to bitcoin systems. So, do i need to have 2 different bitcoin wallets , one for desktop and other for mobile? Yes, Bitcoin Desktop wallet and Mobile wallets are different but there are methods by which you can use the same wallet in mobile and desktop too… Jaxx is one such wallet also you can use Exodus desktop wallet and can use its seed keys to install the same wallet in your mobile via Jaxx wallet.

Please learn more about Wallets and private keys from our blog. I have downloaded Exodus my balance is 0 for now , but do I need it? And since I read in the comments above that is not an open source, which one would you recommend second best for ETH and BTC as well desktop or mobile versions? Any tutorial about this? Yes, you need a wallet to store ETH. I want to invest in bitcoin but GoI planning to block Indian based bitcoin exchanges.

what wallet to use for bitcoin

Why you need a Bitcoin wallet

Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls. Free bitcoin wallets are available for all major operating systems and devices to serve a variety of your needs. For example, you can install an app on your mobile device for everyday use or you can have a wallet only for online payments on your computer. In any case, choosing a wallet is easy and can be done in minutes.

Protect your investments

There's no "one size fits all" wallet. Wallets come on different platforms with different features. The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. 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

what wallet to use for bitcoin

What’s your operating system?

These services keep your Bitcoin private keys under their custody on your behalf. This is not a safe practice, as your Bitcoin private key is the only way to claim your bitcoins. Moreover, I think one needs to look for the following things when selecting a reliable Bitcoin wallet, irrespective of whether it is a software or a hardware wallet:.

Ledger Nano X is a hardware wallet from a French start-up. This is the most modern and functional Bitcoin wallet that you can purchase in This hardware wallet works with desktop and mobile and comes with in-built battery.

From the security perspective, it has 2 chips 1 is for secure element which ensures your private keys never get exposed to the world. This is by far the best option that you. When you configure your Nano S as a new device, you need to set up your pin code in order to secure your wallet.

After that, note down and store your word recovery phrase. This recovery phrase can be used anytime to restore your bitcoins. With this wallet, your private keys are stored offline, so you need not worry about the safety of your coins. And you can see the list of all supported cryptocurrencies. Note: You should always use a hardware wallet when you have a lot of bitcoins or altcoins. Atomic Wallet.

Atomic Wallet is a multi-currency custody free wallet that supports over coins and tokens. This one is the first cryptocurrency wallet with decentralized cross-chain atomic swaps on board. The team of Atomic Wallet plans to enable Ethereum for the swaps, as. All these features are well crafted in one clear and comprehensive interface.

You just download the wallet for your operating system, install it and start using. Linux. Like other non-custodial wallets, Atomic generates a mnemonic seed for your wallet and encodes private keys in your device. If you are about to store your crypto in Atomic, you must write it down and keep in a secure place, since the seed is shown only once and not sent via email.

The wallet supports private keys import, so you can move your funds from any other wallet to Atomic in a few clicks. Interestingly, Atomic Wallet provides its interface for custom tokens, so anyone is able to add their custom tokens by importing a smart contact address.

Regarding the latter, Atomic is planning to release its underlying ERC20 token by the end of and now is running a bounty program where everyone may participate before the public sale. To sum up, Atomic Wallet seems to be a quite non-typical cryptocurrency project. And all these features are performed in what wallet to use for bitcoin non-custodial manner. Its fundamental purpose is to store your private keys offline and sign transactions.

You need to enter the same pin code by clicking on your corresponding PC screen. After entering the pin, you will be asked to write your word recovery seed. Again, you need to keep your recovery key safe because this is the only way you will be able to restore your bitcoins. It is available now for Windows version 7 and higherOS X version You can also use it with your Android devices.

Exodus is a free to use, desktop-only wallet crafted by JP Richardson and Daniel Castagnoli in mid Simply looking at Exodus.

You can store your bitcoins without worry, as Exodus has no hosted servers or logs. But you certainly need to take a backup of your seed key! While taking a backup of your seed key, it also asks for your email id for sending you a one-click link recovery feature. You can always use this email link along with your password to restore your What wallet to use for bitcoin wallet. However, one thing what wallet to use for bitcoin remember while using Exodus is that you can only take a backup of the seed key when you have some balance in your wallet.

I like using this wallet because a pie-chart at the center shows your entire token portfolio in one glance. Learn more here UI is very nice. Exodus is the first desktop wallet to have ShapeShift built in for exchanging cryptocurrencies.

Altcoins such as Binance, Monero, Tether, Ripple, and many more are on their development roadmap. Trust Wallet provides a seamless, frictionless, and easy to use UI.

It is an HD wallet which comes with a seed backup key feature. The seed key helps you in controlling and restoring your what wallet to use for bitcoin assets in case your device is damaged or lost.

It is an open source and well-established Bitcoin wallet with an active developer community that is always innovating.

Guarda is non HD wallet which provides you with a word backup seed key what wallet to use for bitcoin you should write down somewhere and keep safe. This is a public address i. But your password is confidential and private for your own use and theirs is confidential and for their own use. In an even more simplified way, a wallet is a digital file which stores your bitcoins. There are a lot of Bitcoin wallets available out there in the Bitcoin world. To make it easier for you to understand, I have classified them based on certain criteria such as online connectivity, custodianship, and device availability.

This is the most secure and safest way to store your bitcoins because they are stored in an offline environment. At the time of this writing, there has been no reported theft or loss of bitcoins from a hardware wallet. The private keys and digital signature needed to spend bitcoins are generated via these wallets. Bitcoin what wallet to use for bitcoin applications which are installable on mobile phones are called mobile wallets.

For each mobile operating system, such as iOS, Android, Windows, and Blackberry, compatible wallets are available. Below are the various Bitcoin mobile wallets and each mobile OS compatibilities. The one that I prefer using is TrustWallet on my Android phone. The private keys are held online in these kinds of wallets. Paper wallets are a piece of paper with a public address and the private address printed on. You can use the public address to send any amount of bitcoins.

Since the keys are offline, printed and secured by the owner, there is no threat of any electronic damage to bitcoins unless the printed keys are lost. They are very much like the wallet you have in your pocket.

Read: What is Cold storage in cryptocurrency. When you entrust your bitcoins to nobody and take responsibility for your own funds by saving your Bitcoin private keys yourself, such wallets are called non-custodial wallets.

The type of wallet you should use really depends on your level of activity and level of security with which you want to handle your bitcoins. It also depends on how frequently you use your funds and how much you want to store on any particular wallet. I personally prefer hardware wallets like Ledger Nano X for storing a significant amount of bitcoins because of the high-security features.

And I use desktop wallets to keep bitcoins which I am not using for daily transactions. I only use web wallets or mobile wallet to keep small amounts of bitcoins, similar to a wallet in my pocket for daily transactions.

Which wallets do you prefer to use? Have you used any on this list? Let us know in the comments below! If you want to learn about paper wallets, check out this article. 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.

Not really. Will put that also but it is not that user-friendly for noobs. Also one needs to face issues while claiming forks. I have some bitcoin in paper wallet. What is the best way to sweep it and put it on the exchange? People have lost their bitcoin even when 2fa was on. I would like to avoid to sweep on blockchain wallet — Coinomi — Extremely bad reviews on playstore.

People have lost their bitcoin. What is the most reliable way to sweep bitcoin? How about MyCelium and electrum? Sudhir Khatwani sir, im very new to bitcoin systems. So, do i need to have 2 different bitcoin walletsone for desktop and other for mobile? Yes, Bitcoin Desktop wallet and Mobile wallets are different but there are methods by which you can use the same wallet in mobile and desktop too… Jaxx is one such wallet also you can use Exodus desktop wallet and can use its seed keys to install the same wallet in your mobile via Jaxx wallet.

Please learn more about Wallets and private keys from our blog. I have downloaded Exodus my balance is 0 for nowbut do I need it? And since I read in the comments above that is not an open source, which one would you recommend second what wallet to use for bitcoin for ETH and BTC as well desktop or mobile versions?

Any tutorial about this? Yes, you need a wallet to store ETH. I want to invest in bitcoin but GoI planning to block Indian based bitcoin exchanges.

How To Send Bitcoin Wallet to Wallet Transfer

Types of wallets

How do I fund a Bitcoin Wallet? Create a password and continue. Am asking this because ledger nano is presently on pre order and will start dispatching only after March 26th. Your wallet will automatically generate addresses for you. Since you are investing funds in Bitcoin, choosing the right wallet for you is a critical step that shouldn't be taken lightly. Yes, all of these wallets work with EthereumLitecoin and many other coins. 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. As a result, everyone can send you encrypted messages without having to agree on a key. Order Ledger Nano Now.

PREV: whats up with bitcoin cash

NEXT: what can you only buy with bitcoin