7 Best Bitcoin Wallets You Can Use for Storing Bitcoins
It is not enough to buy and sell Bitcoins; you will need a wallet for storing your coins. You will come across many types of digital wallets out there, like mobile wallets, desktop wallets, online wallets, hardware wallets, etc. While the Bitcoin is advocated to be far more secure than traditional currencies, there are risks involved. To ensure that your coins are safe from hacks and cyber threats, you should download a high-end Bitcoin wallet.
Top 7 Bitcoin Wallets That You Can Use For Storing Bitcoins:
- Trezor: This is a popular Bitcoin wallet equipped with an OLED screen and can be connected using a USB to your phone or desktop. The main purpose is for storing the private keys offline. Its installation is a tad different from that of the Ledger Nano S. Trezor supports Bitcoins and other crypto coins like Ethereum, Litecoin, Zcash, DASH, etc. and is compatible with Windows, OS X, Android, and Linux.
- Ledger Nano X: This is a hardware wallet launched by a French business and is now the most functional wallet for Bitcoin storage. It works with both PCs and mobile and has a built-in battery. It offers dual chips and guarantees that private keys are never exposed. It lets you store more than 100 cryptocurrencies like Bitcoins, Litecoin, Ethereum, Ripple, DASH, Monero, etc. Ideal for investors who earn daily profit through automated trading apps like bitcoin rejoin; more information is available at https://apnews.com/press-release/ts-newswire/technology-business-cryptocurrency-financial-technology-united-kingdom-93c1df3c15979be8a9d7ed4d99e565a4.
- Ledger Nano S: This is the older version of the Ledger Nano X and functions like a USB drive. It lacks a battery and can be started when plugged onto any mobile device or computer. It is fitted with an OLED screen along with dual buttons for transaction confirmations. You must create your pin to secure this wallet at the time of configuration. You should then make a note of the recovery seed for restoring Bitcoins when needed. Your coins will stay safe with this wallet since the private keys get stored offline.
- Exodus: This is a free, multi-cryptocurrency desktop wallet that offers a satisfying user experience. Exodus does not have hosted servers and Bitcoins can be stored securely. It backs many crypto coins like Litecoin, Ethereum, Dodge coin, Augur, and DASH besides the Bitcoin. It works with Linux, Mac, and Windows.
- Guarda: This too is an open-source Bitcoin wallet and does not need email verification, usernames and passwords for getting started. It is perfect for newcomers. You get to control your private keys and import these whenever necessary. This offers a 12-word backup seed that must be stored safely; on losing this, you cannot recover your coins. Bitcoins are even traded through automated trading apps such as bitcoin up app and alike in a secured way.
- Trust Wallet: This is one of the leading multi-cryptocurrency wallets storing both altcoins and Bitcoins. It backs almost 13 cryptocurrencies and is known for its reliability, being supported by an active development team that works at lightning speeds. It provides a hassle-free, user-friendly UI and does not require on boarding, email verification or password to get started. It comes with a seed backup feature for recovering crypto assets if the device gets lost.
- Atomic Wallet: This is a multi-cryptocurrency free wallet supporting more than 300 tokens and coins. It was the first having cross-chain atomic swaps allowing users to exchange Bitcoins, Litecoin etc without any intermediary. There is a built-in exchange service for many crypto coins with options to buy LTC, BTC, XRP, and ETH using cards. The user interface is clear and comprehensive and you do not need ID verification or registration. You simply download the Bitcoin wallet for your OS, install it and then begin using it.