The crypto industry continues to advance rapidly, and many are expecting the Bitcoin price to surge to its all-time high once again, as 2019 comes to an end. With that in mind, investors need a good, secure wallet to store their funds while they wait for the price to grow and for their BTC to become much more valuable.
With that in mind, we have created a list of our top 5 Bitcoin wallets, some of which are more secure, while others are more practical. Without further delay, let's get straight to the list.
Trezor is our top pick because it is the best wallet on the list when it comes to security. It is a hardware wallet — a device, rather than an app, on which you can store your funds and disconnect it from the internet. As physical storage, Trezor cannot be hacked, and as long as you take proper steps to keep it safe and prevent its theft — no one will be able to steal your coins.
It supports multiple currencies apart from Bitcoin, which is great if you wish to diversify your portfolio. However, if you want to keep only BTC on it, it is the safest place for doing so.
Next, we have Blockchain.info, which is one of the best online wallets out there. Online wallets are much more practical than hardware ones, since you do not have to connect them to any device in order to store or transfer your coins — they are already on the internet. This, of course, increases the risk of them being hacked, which is why you should only hold small amounts of coins in them.
Still, specific wallets are still less risky than exchanges, but it never hurts to be cautious, especially when it comes to funds.
If you are someone who is always on the go, you cannot afford to sit in front of your computer at all times and be there to see when a new trading opportunity emerges. This is why you should use Mycelium — an online wallet from which you can trade on the go.
It is a bit more complicated to use, but you can install it on Android or iOS devices, and have constant access to your funds. You will likely figure it out relatively quickly, and after that, transferring coins to and from it will become a routine. It is also very safe, which is why it made the list.
Another wallet that is neither online nor offline is a desktop wallet, known as Electrum. This is a software wallet — different from classic online wallets that come as browser extensions or websites. It is basically an app that you can download and install on your PC, and store coins into it.
If you disconnect your PC from the internet, it becomes a cold wallet. If you connect again, it has all the benefits of an online wallet, which makes it a great middle solution for those who appreciate convenience and security alike.
Finally, we have Coinbase — an exchange wallet that even allows you to connect your US bank account and easily send money to and from the wallet. It offers a handful of cryptocurrencies apart from Bitcoin, and it is very easy to use, which makes it great for new crypto users.
The only issue is security. Not that it is bad — but as one of the world's greatest exchanges, Coinbase could easily be targeted by hackers, and the same goes for its accompanying wallet. So far, Coinbase never had a security issue, and hopefully, that will remain the case.
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