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Bitcoin Wallet Reviews – Your Top Choices

bitcoin wallet reviews

Bitcoin was released to the public in 2009, and it exploded in the financial scene in 2013. It is the first digital money that used encryption to secure its transactions. Here are some bitcoin wallet reviews so you will better understand where to store your bitcoin securely.

What is a Cryptocurrency Wallet?

A cryptocurrency wallet stores public and private keys, it is a secure digital wallet that can be used to store, send and receive digital currencies, like Bitcoin.

Unlike any wallet that you think of which holds money, a cryptocurrency wallet does not hold bitcoins. All bitcoin is stored in the blockchain records.

When you open a bitcoin wallet, it creates an address for you, with its security key so that you can then use it to complete bitcoin transactions.

There are different types of wallets. There are Software wallets, Online wallets, and Hardware wallets.

  • Software wallets require downloading software clients to create and manipulate the wallet.

  • Online wallets are easy to use since users just need to sign up for an account on the BlockChain or any other web similar to this.

  • Hardware wallets also known as stand-alone storage devices. It’s in the form of a USB device and has to be plugged into a PC to make transactions. It generates keys on the fly while making a trade.

What Wallet Should I Use For Storage of Bitcoins?

bitcoin wallet reviews

There are plenty of options when it comes to storage bitcoins.

Ledger Bitcoin Wallet is a cold wallet designed for users who look for increased security. It is a physical device that connects to its user computer and acts as another source of protection.

It isn’t possible to send Bitcoins from your wallet without owning the physical device.

  • Useful for beginners

  • Very secure

  • Good support

  • It costs money

  • More security means less usability

TREZOR is an excellent solution for those who want to store a large number of Bitcoins to keep them out of danger.

Much like Ledger, TREZOR is a cold wallet (Or physical wallet), made ideal for beginners thanks to the combination of world-class security with the flexibility of any other web wallet.

The company has been gaining a vast amount of traction and reviews throughout the last year.

  • Extremely secure wallet

  • Easy to use

  • Support additional wallets and altcoins

  • The high price tag in comparison to its competitor

The most popular Bitcoin wallet today, Blockchain allows its users to send and receive bitcoins through their browsers or mobile phone.

It is known as a hybrid wallet. The company stores user’s wallet online, although, they do not have access to private keys. Recommended for beginners who are trying out Bitcoin because of its ease of use.

  • Trusted company in the Bitcoin community

  • Simple interface

  • Available for mobile and web

  • Hard to make anonymous payments

Exodus Blockchain assets wallet, launched in July 2016, allows you to store different coins (Bitcoins, Litecoins, Dogecoins, Dash, and Ether). It has a unique design and intuitive user interface.

  • Easy to use

  • Great support

  • Self-hosted

  • Limited only to desktop at the moment

Conclusion

There are plenty of awesome bitcoin wallets out there but these are surely my favorites and the favorites of many cryptocurrency holders.

Take a good look at these wallets and add some of the top digital currencies to your portfolio? It is an excellent way to create wealth passively without selling or recruiting. Find out where to buy the top bitcoins safely.

Many experts believe investing in cryptocurrencies is a solid investment decision. Start transforming your financial future with a solid and automated bitcoin investment platform.

What is our favorite bitcoin wallet? Are you currently invested in bitcoins or other cryptocurrencies?  Please share your thoughts below.

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