Do you know that leaving your Bitcoin in an online exchange like Bittrex, Binance, and the rest is just like leaving your money in the bank?
Even worse is that these exchanges are not regulated so cannot do anything if you accidentally lose your Bitcoin. Because of that, it’s always advisable to keep this valuable cryptocurrency of yours in a very secure wallet.
Here are the 5 best Bitcoin wallets that you should start using 2018:
If you have a big hoard of Bitcoins, the best and safest option is to opt for a hard and offline Bitcoin wallet – and one such option is Trezor. These hard wallets are simply physical drives that allow you to keep your Bitcoin keys without needing the involvement of any third party providers like Coinbase.
While using cold storage wallets like Trezor, your Bitcoins are safely stored against the risk of any cybersecurity. This awesome wallet was developed by a Czech company called SatoshiLabs, and it costs only $100 to get one. Additionally, Trezor even lets you make transactions via a compromised computer due to the fact that hackers can’t bypass the extra layer of authentication.
2. Nano Ledger
Another fantastic hardware Bitcoin wallet is Nano Ledger which is very similar to Trezor – and can equally store your Bitcoins safe from online attacks. You can only make transactions when the device is connected physically to a computer.
However, the most popular option here is the Nano S. That’s not all, there is equally Ledger unplugged, that is a contactless Bitcoin wallet and is also part of its product range.
3. Coinbase Wallet
Coinbase is not just a well-known Bitcoin exchange but is equally an online wallet used for keeping this precious cryptocurrency. This platform has applied tremendous security measures like 2-factor authentication making it one of the most trusted and secure Bitcoin online wallet.
Coinbase also introduced another option called the “Vault” which gives you total control of your cryptocurrency. Furthermore, the user-interface is very intuitive and new users can quickly get the hang of it.
With lots of reputation, Electrum is an awesome and free desktop storage application which was founded in 2011 – and happens to be one of the oldest options out there. Electrum Bitcoin wallet app can easily be downloaded to your Android device through Play Store. Unfortunately, this option is not yet available for iPhone and Window’s phone users.
Furthermore, with this wallet, you also have total control of your private keys, which is not something that’s available with every online wallet. All you’re required to do is keep them safe and in private. Finally, 2-factor authentication will provide you the extra layer of the necessary security.
The last but definitely not the least is Bitcoin.ino which claims to have made about 100 million transactions over time. The company has managed to achieve such high-volume of a transaction by putting lots of time and effort into security and innovations. Interestingly, this is the exact wallet where most of the long-running enthusiasts of Bitcoin kept their cryptocurrency.
Finally, you can check out the various options available to you here, and choose the Bitcoin wallet you want to invest in. But don’t just leave your investments on exchangers.