Making a good choice when you choose your Bitcoin wallet will make life a whole lot easier when it comes to buying, selling and using Bitcoin. Choosing the best Bitcoin wallet is one of the most crucial parts of the entire cryptocurrency investment process, but not everyone dedicates the time necessary to get it right.
Fortunately, we have taken the time to outline the variety of Bitcoin wallets available and their respective pros and cons. Furthermore, we've reviewed and rated the top Bitcoin wallets by analysing the features of these crypto wallets, the coins they accept, their industry reputation and the fees they charge.
As one of the most popular Bitcoin wallets around, it would be wrong not to include Coinbase as one of the best Bitcoin wallet providers. It offers a comprehensive service that should suit a lot of cryptocurrency investors. You can use this Bitcoin wallet online, with the ability to link to your bank account and very easily move money around when needed. It supports most of the popular cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash (BCH), with more coins expected to be added in the future. Check out our Coinbase review for more info.
This Bitcoin wallet is part of a simpler service than that offered by the likes of Bitcoin wallet online brands such as Coinbase. It is merely a place for you to keep your Bitcoin safe offline rather than part of an exchange service. That's because the Trezor is a Bitcoin hardware wallet. This means that it is a palpable, physical device that can be attached to your computer as a Bitcoin USB wallet. It can also be used with many other cryptocurrencies and acts as a useful password manager too.
This good-looking Bitcoin wallet service supports a good range of cryptocurrencies. Many people use Exodus because of its attractive, intuitive layout. The app links to a Bitcoin exchange facility and the security features are designed to give you total peace of mind. It can be used with a good number of cryptocurrencies other than Bitcoin.
This Bitcoin software wallet lets you store your Bitcoin safely on your computer. You can set it up easily and will soon be able to store your coins in it. As with most Bitcoin software wallets, the biggest fear with ones like Electrum is losing access to your digital assets for one reason or another. Thankfully, Electrum offers a recovery process. Please make sure you are comfortable with this process before getting started.
The popular Blockchain Bitcoin wallet is easy to use and includes 2FA for added security. The Blockchain Bitcoin wallet works with numerous exchange partners, allowing you to move cryptocurrency around directly from your wallet, with no hassle. It is described as the "world's most popular digital currency wallet". You can choose to use their app to gain mobile access to your digital assets as well.
Although a Bitcoin hardware wallet is said to offer greater protection than most Bitcoin software wallets, if you are still concerned about the hassle of safeguarding your Bitcoin wallet, there is another way to profit from cryptocurrencies.
Brokers now offer crypto investors the chance to trade the price of leading digital assets such as Bitcoin by placing contracts for difference (CFD) orders. You'll never physically own the asset you trade, but you can profit from price moves. Place 'buy' orders if you think the price will rise and 'sell' orders if you think it will fall. It's that simple. Our eToro review rates the eToro platform as the best cryptocurrency CFD broker online today.
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