What is Bitcoin?
It is hard to believe that one might know about the blockchain market at all and not know about Bitcoin. Bitcoin (BTC) is the first cryptocurrency that has ever been created and right now it is almost legendary. There is a great deal of information solving the question of what is the best bitcoin wallet and which bitcoin wallet to use. But the more information there is the easier it is to get lost, right? This article is meant to navigate you through the top BTC wallets out there and explain how to create a Bitcoin wallet and maintain it.
Electrum Bitcoin Wallet
Electrum is a desktop software wallet. It means that your funds are kept in files that are stored only on your computer and cannot be accessed from the Internet. Electrum wallets are available for all of the operating systems. But be mindful of the fact that Electrum doesn’t allow you to back up just from your private keys so you have to keep your computer out of any kind of danger to protect the funds. If you think it’s still worth it check out Electrum website to learn more.
Ledger Bitcoin Wallet
Ledger is a well-known company that manufactures hardware offline wallets for cryptocurrencies. Its Ledger Nano S is the most popular offline wallet because it is both secure and affordable. After the installation process has been completed and you have downloaded Ledger wallet you are ready to manage your funds. Do not forget though that a hardware wallet is an actual device that should be plugged to your computer so it’s not the best option if you make a lot of transactions on a daily basis. For more info check out Ledger website.
Trezor Bitcoin Wallet
Trezor is another hard wallet option for your Bitcoin funds. It works with multiple currencies and is generally considered to be the safest option among the alternatives — and also the most expensive. Trezor is not a great option if you prefer to trade or frequently run lots of transactions but with it, you would not have to worry about how to get a Bitcoin wallet and whether it is safe. It runs online in your browser with two-factor authentication and despite having some advanced options is entirely user-friendly. For more information on Trezor Bitcoin wallet, you want to go to their website.
Exodus is not only a desktop wallet for multiple currencies (besides BTC) it is also a tool to keep an eye on the market. You can do that with the help of the charts and graphs that are integrated into the interface. You do not need to create a Bitcoin wallet with Exodus as similar to all the other desktop wallets all the information is stored directly on your computer and no proper account setup is needed. Due to the built-in instant exchange, you may transfer your funds between different coins quick and easy. To start your experience with Exodus, you can go to their website.
Guarda is a multi-platform wallet supporting more than 35 currencies and its easy interface is perfect for beginners. With Guarda (whether you are choosing web-based, desktop or Google Chrome option) you will never have questions on how to create Bitcoin wallet. Just set up your password and you are ready to go! You can also import an already-existing wallet if you have one. Guarda ecosystem has all the things necessary for managing funds: instant exchange, purchasing BTC with cryptocurrencies or USD cards, several platforms to choose from. To make a decision whether it’s an option for you investigate Guarda web page.
Breadwallet is one of the first mobile wallets for crypto coins and the very first one with iOS support. It certainly lacks in some features that we deem necessary for state-of-the-art wallets (like multisig ar two-step verification) but it remains one of the lightest and transparent options for keeping Bitcoin (if you prefer to keep your BTC on your phone of course). After installing the app and generating your new Bitcoin wallet address it’s all ready to go. It is impressive for the mobile wallet that doesn’t use a central server but connects to the network directly. To make your own decision on Breadwallet get some more info on their web site.
If you are not satisfied with little functionality of mobile wallets you might want to have a closer look at Robinhood. It used to be a platform for free stock trading but grew out to be a cryptocurrency wallet and exchange service that supports (among other coins) Bitcoin. True to its name, the platforms started as completely free and remains completely free. You will not have to pay any fees while using Robinhood to sell or buy coins and isn’t it amazing? To check out the platform and its perks visit the web site.
Coinbase is a classic platform to hold and manage you BTC funds. It would be a huge underestimation to call it just a wallet. It has an option to connect your U.S. bank account and easily manage the funds from it in your wallet or use it to buy BTC or other coins. Coinbase tries its best to uphold the security standard appropriate for the company of such a scale and there have never been any accidents that would point out a security flaw in the platform. By many analysts, it was voted to be the best Bitcoin wallet. To make your own decision you may check out the info on their web page.