When diving into the world of cryptocurrencies, many of us do not think about one of the most important parts of the journey – the tool that will keep you safe along the way. What we are talking about is a cryptocurrency wallet. For thousands of crypto aficionados, Bitcoin is the first coin to get acquainted with. However, in the abundance of BTC wallets on the market, it is hard to find a really safe service to use, i.e. the best Bitcoin wallet out there. ChangeNOW will help you make a right decision by providing a list of trusted Bitcoin wallets along with their distinctive features.
What is a BTC wallet?
A wallet in the crypto world is kind of a bank account. It allows users to store BTC safely, receive them and transfer the coins to others. Usually, a cryptocurrency wallet is an application, website or a device that manages your private keys (password). Choosing your Bitcoin wallet is a very important step, as it opens the door to convenient, fast and, most importantly, secure cryptocurrency usage. Hopefully, this ChangeNOW article will help you to answer a common question “How to get a Bitcoin wallet?”.
So, what is the best Bitcoin wallet? Let’s review the most popular ones.
Ledger – the best affordable BTC wallet
Ledger is a hardware wallet that supports BTC along with other popular cryptocurrencies. Hardware wallets are considered to be the safest Bitcoin wallets, as your coins are stored offline on a USB-like device. Every time you need to use your funds, you need to plug the device into your computer, unlock it and start working. Another good feature in Ledger (in particular, in their Nano S device) is being affordable. A thing about hardware wallets is – you have to purchase them. At this point, Ledger is a good investment for what you get: security and convenience.
Trezor – the first hardware Bitcoin wallet
Trezor is one more hardware wallet on the list. The best thing about this wallet in the context of this article – Trezor was actually invented as a Bitcoin wallet. The mechanism of work is similar to other hardware wallets on the market – the device offers secure cold storage of your BTC coins, it can even be used on an infected computer. The wallet was launched in 2014 (it is actually the first hardware Bitcoin wallet) and since then proved to be a safe and convenient option for Bitcoin holders.
Exodus – the best Bitcoin wallet for beginners
So, we are done with the hardware wallets – let’s now discuss their software cousins. Exodus is a handy Bitcoin wallet that requires no account creation. When getting the wallet, your private key gets encrypted on your computer. This might seem like a less secure option than the hardware wallets, but if used properly (usual rules here – do not share your private keys and do not use the wallet on a malfunctioning computer), Exodus is a safe wallet with great design and understandable interface.
Electrum – the best multi-purpose Bitcoin wallet
Electrum, just as well as Exodus, is a software wallet. The cryptocurrency coins are stored in the set of files on the computer. The software is now available for Windows, MacOS, Android and Linux. Electrum’s most distinct feature is in being fast – there is no problem in getting the wallet, as you basically store your assets on your very own computer. Besides, the wallet allows you to create so-called cold storage (for those striving for maximum safety).
Guarda – the best anonymous Bitcoin wallet
Guarda is a user-friendly, lightweight and non-custodial cryptocurrency wallet. Currently, there are several Guarda products supporting BTC, such as the Muultiwallet (a crypto wallet that supports multiple crypto coins and tokens) and single-currency Bitcoin wallets. Guarda wallets are available as Desktop, Web, Extension and Mobile versions. Guarda is a trusted service with a great support line. Besides, your private keys are not shared with any third parties and the wallet does not require their users to share any personal information for running. so, if you were interested in how to set up an anonymous Bitcoin wallet, here is your answer.
Edge, multi-currency mobile wallet
In the Edge cryptocurrency wallet, you can store not only Bitcoin, but also its forks, as well as 8+ other cryptocurrencies – all in one convenient interface. In addition, the wallet supports SegWit and ShapeShift service – you can exchange the cryptocurrency on your addresses in just a couple of touches. You can download the wallet from the official website of the project, or find it in Google Market or AppStore.
Atomic – the best wallet for crypto swapping
Atomic is a Desktop wallet allowing the users to store BTC (among other cryptocurrencies listed by the service). Once you create your Bitcoin wallet address, the private key to the stored coins gets encrypted on the device – nobody besides you can reach your funds or get the wallet information. The key feature of Atomic is in the built-in exchange service, allowing swapping or buying cryptocurrencies right inside the wallet.