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Top Bitcoin wallets in the cryptocurrency market

Top Bitcoin wallets in the cryptocurrency market

January 22, 2019 4:27 am,

Bitcoin wallet can be understood as an app or device that lets the user store, send and receive bitcoins. It also lets the user maintain the history of transactions and shows the available balance of bitcoins. There are various kinds of bitcoin wallets and the user can choose it according to their need and specifications. Online, Hardware, Software and paper wallets are some of the most used kinds of bitcoin wallets.  The hardware wallet is nothing but a physical device that has to be plugged into one’s devices in order to function. Software wallets are apps and programs that users can download and store in their devices. Bitcoin investment has gained a lot of popularity in the past decade. The numbers of people who buy bitcoins have also increased considerably. This has automatically led to the increase in bitcoin value and value of other altcoins. Some of the best bitcoin wallets available are as below:

1. COINBASE

One of the most popular among the Bitcoin wallets is Coinbase. The main feature of this wallet is that it allows storage and transfer of not only bitcoin but of other altcoins also such as Ethereum, Litecoin, Bitcoin cash and most probably, Ripple. Users can buy bitcoin, and exchange them very easily through Coinbase. Most wallets don’t have the facility where the users can buy and sell coins, but Coinbase offers this service.

2. TREZOR

Unlike Coinbase, this wallet allows users to store the only bitcoin. TREZOR wallet is a hardware wallet. This means that it is an external device that has to be connected to your desktop or computer in order for it to function. Also, users cannot buy and sell coins here. The safe storage of bitcoins is the sole function of TREZOR. If you want to store a large amount of money, then this hardware wallet is the best option. One need not worry about hackers or other online threats. It is an offline device and ensures maximum security for the user’s bitcoins.

3. Blockchain.info

This is an online wallet and allows easy storage and usage of Bitcoins. But since it is an online wallet, apart from the fact that it is easier to access, Blockchain.info is open to the hackers and other online threats. One additional feature of this online wallet is that it has a separate bitcoin storage space. It is apart from the Bitcoin marketplace where the buying and selling of coins take place. This does enhance the security when compared to other online wallets.

4. Mycelium

Considered as one of the most extensively used software wallet, Mycelium has a lot of advanced features making it the favorite of all users. If the user wants to make payments in person and not through any other means, this mobile wallet is the right choice. This wallet also supports hardware wallets like TREZOR and Ledger. Some additional pros pf Mycelium is its cold storage spending and quick accessibility.

5. CoPay

CoPay is a universal wallet and supports all devices. It is one of the simplest of the wallets with a basic interface and user-friendly setup. It is considered apt for business as sharing of a wallet is possible.

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