In this post, we will see the 7 Best Bitcoin Wallet Review. The best wallets that I found storing bitcoins in a really effective manner.
Like in a cryptocurrency world we always see the Blockchain system. So same like that bitcoin wallet is a place where you can keep your bitcoins safely. A bitcoin wallet is like a keychain. Each key is a unit of your bitcoin.
The smallest fraction of bitcoin you can store in your wallet is 0.000000001.
To deposit your bitcoins you need a place where you can store it. That place is known as deposit address. All deposit address has a unique address. We can generate multiple addresses in the same wallet.
Different types of crypto wallets are:
So here you can see that there are many options for you to keep your bitcoins safe and secure.
But don’t worry guys here at Coinraja, we will let you know about 7 Best Bitcoin Wallet that you can probably use efficiently.
We kept these wallets on the criteria and features that every bitcoin wallets should have:
- Security: one of the most important feature
- Privacy: No mandatory requirement to submit any personal information
- Ease of use: Elegant UL for fast and ease of use
- Compatibility: Should compatible on different operating system
- Control on the private keys: A wallet where you can own and control your keys
So according to that, you can select your Best Bitcoin Wallet.
So let’s start Best Bitcoin Wallet Review with the first one.
Ledger Nano S is a hardware wallet. It is same as a USB Drive. It doesn’t support any battery system. It’s work only when connected to a Computer or a mobile device.
Ledger is a third party application. It gives the premium security to the user. It also supports the U2F system. Which is a big plus point? U2F is a strong industry for showing or verifying the identity of two-factor users.
Also This is comparatively cheap from others. It is also easy to use. wallet looks good in use. It is a wallet where you can store your private keys offline. So users don’t have worry about the safety of their coins. In my personal opinion, you should always have a hardware wallet if you have lots of bitcoins or Altcoins.
You can also Read our post on cryptocurrency supported by Ledger.
- Screen/device protected
- Multi-currency support
- 3rd party apps
- U2F support
- Inexpensive (~$65 USD)
- No ability to create hidden account
- No password manager
Types of currency Nano S supports:
- BTC- Bitcoin
- ETH/ETC- Ethereum/Ethereum classic
- DOGE- Dogecoin
- DASH- Dash
- XRP- Ripple
- LTC- Litecoin
- ZEC- Zcash
- STRAT- Stratis
- XMR- Monero(coming soon)
Exodus is a slick and very user-friendly app. It costs nothing to download. You can download it from the play store. Here you can store multiple cryptocurrencies.
It is built by JP Richardson and Daniel Castagnoli in the year of 2015. You don’t have to register urself for it. No identity verification is required to use this application. The only thing you need to do is b ackup your seed key.
In this application, you can easily calculate and organize your savings with their pie chart portfolio. Exodus has a built-in exchange that allows you to instantly trade the supported coin between themselves.
- Beautiful interface with the powerful charting tools.
- Ideal for the cryptocurrency investor or portfolio builder.
- Engineered for beginners
- Access to nearly a dozen cryptocurrency assets
- Tutorials are there for step by step guide
- It is a new company. So it does not have that much market.
- It does not support U2F system
- Means lack of two factors authentication will lead to some security issues.
Types of currencies Exodus supports:
- Basic attention token
It is one of the most famous wallets for keeping your bitcoins safe. The mycelium wallet is a mobile wallet that allows you to store, send or trade-in Bitcoins. It is compatible with android and IOS.
Mycelium is an HD wallet. It provides you 12-word backup seed key. You have to write it down. Also, keep it somewhere safe. It is very important that you keep it safe. Always remember the seed keys. If you lose your seed keys then you will also lose your Bitcoins. If you are a beginner you will love Mycelium. You can Read about this in our android mobile wallet post.
- It is more suited to advanced Bitcoin users.
- Good privacy
- Enterprise level security
- Mycelium is feature rich
- It is an open source software
- It is free and easy to use
- Trading platform, a vault, and a wire transfer.
- No web or desktop interface
- Hot wallet
Types of currencies Mycelium supports:
It supports only Bitcoins.
Jaxx is a new cryptocurrency wallet. It supports both Bitcoin and altcoins. Jaxx is targeting to simplify the Blockchain and attract the masses to its unique feature. It resulted in a very easy to use the platform, that work, and sync across all your devices- mobile to desktop, everything in between them. jaxx is compatible with Windows, Apple and Linux desktop. In mobile, it supports Android and IOS. It is also compatible with Google Chrome and Firefox.
It is easy to use with an HD wallet. wallet provides you the seed key. Seed keys help you to control or restore your cryptos in case your device is damaged or lost. You can export your private keys. You can use it to import Bitcoin and Altcoins from the paper wallet. you can raed about this in our android wallet post.
- Good privacy and security.
- Multi-currency wallet linking across multiple platforms.
- Great user support.
- Feature rich.
- User friendly
- Ideal for beginners
- The code is not open source.
- Which will lead to a slow load of the site
- It does not support U2F authentication
- Which will lead to lack of some security concerns
Types of currencies Jaxx supports:
- Ethereum classic
This is the most promising name in the cryptocurrency exchange world. Coinbase is the largest bitcoin broker. It supports fiat currency in total 32 countries. They have around 4 million customers in the world.
Coinbase is also the safest way to trade in cryptocurrency. It has the trusted investors. It uses the latest technology to secure its platform.
As it is very secure but the company controls your Bitcoin. A Larger amount of Bitcoins, Ethereum, or Litecoins can be stored in the Coinbase vault. It is protected by multiple approvers.
- The most popular platform to exchange the cryptos.
- Insured bitcoins deposits are available.
- Instant buy feature present.
- Ease of access.
- The limited way of payment method.
- Accounts are under monitoring.
Types of currencies Coinbase support:
- Etheteum classic
- Bitcoin cash
Trezor is a hardware Bitcoin wallet that is ideal for storing a lot of Bitcoins. It is a small device. Trezor comes with OLED screen. It connects with a USB to your personal computer or your mobile. Its mainly store your private keys offline and sign transactions.
When you connect your device to the computer or laptop it will show a 9-digit pin code on the OLED screen which you will have to enter on your PC or mobile. The code generates randomly every time. So even a tampered PC can’t get your pin.
After entering the pin, you will have to enter your 24-word recovery seed.
- Ideal for storing large amounts of Bitcoin.
- Good security and privacy.
- Cold storage.
- Inbuilt screen.
- Easy to use web interface.
- Open source software.
- Beginner friendly.
- Costs $99
- Must have a device to send Bitcoin.
Type of currencies Trezor supports:
- Ethereum classic
It is a standalone bitcoin wallet. So the server cannot be hacked or it cannot go down. So you have a full access to your money. Users are in the full control of their money. Also, money will accessible anytime.
Every mobile wallet should be fast. Breadwallet uses the SPV mode. So that users don’t have to wait for their transaction. It results in direct synchronization to the network. It is available in total 19 languages.
- Mobile wallet
- Perfect for beginners
- Open source
- Free software
- Simple and streamlined interface
- Only for Bitcoin.
- No web or desktop interface.
- Lacks features.
- Hot wallet.
Which type of currencies Breadwallet supports:
It only supports Bitcoin.
All wallets are trusted and best for bitcoin storing. if you will ask me, i will suggest to go with hardware wallet like ledger or trezor wallet just because they are very safe as compare to others. overall all others wallets are secure and safe.
i hope you like our post on Best Bitcoin Wallet Review.if you have any question, let me know in comments section.
If you have any question then feel free to ask in comment box.