Decentralized Bitcoin wallets are necessary for anyone looking to have total control of their crypto assets. While some are designed to store only Bitcoin, most of them can hold multiple digital currencies, including Ethereum, Ripple, Bitcoin Cash, and Monero, among others.
They are two types of Bitcoin wallets: hot wallets, which operate online, and Cold wallets, which work offline. In terms of security, cold wallets are regarded to be safer than hot wallets since they’re not vulnerable to cyberattacks.
How to Choose a Bitcoin Wallet
To select the right wallet, it is important to read several reviews regarding Bitcoin wallets to ensure you pick the best in the market. One of the factors to consider is the security measures adopted by a Bitcoin wallet. No one wants to live in worries that hackers may easily drain their BTC.
Here are the top nine Bitcoin wallets you can consider.
Quppy
Besides Bitcoin, Quppy supports the storage of other assets like Ethereum, Tron, and USDT. It is also possible to store fiat currencies such as USD and Euro, which can be used to purchase cryptocurrencies in the wallet. Quappy recently partnered with Visa to issue users with cards for online shopping.
Trezor Wallet
Trezor is one of the few reliable hardware wallets available today. As mentioned earlier, such wallets allow the storage of crypto assets in an offline environment, and users only connect them to the internet when they want to make transactions. Trezor is also a multi-asset wallet. Apart from Bitcoin, you can hold cryptocurrencies such as BNB, Dash, Ethereum, and many more.
Its simple user interface makes it beginner friendly. Regarding security, Trezor features two-factor authentication, Secure Shell protocol (SSH), and encrypted cloud storage.
Keepkey Wallet
Keepkey is a hardware wallet designed to enable crypto users to store their Bitcoin and a variety of ERC-20 tokens. The key feature of this wallet is that each transaction has to be approved manually, giving you total control over your funds.
Bitamp Bitcoin Wallet
Bitamp is a dedicated Bitcoin wallet that allows users to transact anonymously. That means the wallet does not require you to submit personal information or your email address. Now since Bitamp itself can’t access users’ Bitcoin wallets, it is vital that you properly store the seed phrase generated when creating a wallet; otherwise, you will lose access to your funds forever in case you forget your login details.
CoolWallet
CoolWallet can be used for both cold and hot storage. It can hold numerous assets, including Bitcoin, Ethereum, BNB, BUSD, Cardano, Litecoin, Polgon, and XRP. The wallet’s hardware version looks like a credit card. Its price ranges between $100 and $150, depending on the features. Note that it does not cost a dime to store your Bitcoin in the online version of CoolWallet.
Copay Bitcoin Wallet
Copay is a multisig wallet that offers hot storage of Bitcoin. Its app is available on Apple’s App Store and Google’s Play Store. You can also download the wallet’s desktop version compatibility with both Mac and Windows. For secure transactions, the wallet supports the Bitcoin Payment Protocol (BPP).
Ledger
Ledger is undoubtedly the most popular hardware wallet in the market today. Alongside Bitcoin, the wallet support storage of almost all ERC-20 tokens. To ensure no one else accesses your private key, Ledger protects it in a secure chip that can only be accessed using a pin code.
Electrum Wallet
Like CoolWallet, Electrum offers cold and hot storage. It only supports Bitcoin, and many crypto wallet reviews describe it as a leader when it comes to providing fast Bitcoin transactions. Electrum has adopted the two-factor authentication method, thus offering an extra layer of security.
Exodus Wallet
Exodus is a hot wallet. Apart from allowing you to store your Bitcoin online, it also lets you exchange it for other cryptocurrencies, making it ideal for newbies. Exodus has price charts that enable real-time tracking of users’ crypto portfolio value.
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