Bitcoin, as we know it, has risen in popularity and has taken the world by storm. The skyrocketing advancements of technology and security systems have made trading cryptocurrency arguably a more accessible, safer, and more private investment opportunity compared to its government-backed counterparts.
Here, we will look into the top 7 best Bitcoin wallets of 2019.
Coinbase is crowned as one of the best overall e-wallet of 2019. Apart from its essential feature for you to store Bitcoins, it also offers the easiest way to exchange them. It supports Etherium and Litecoin as well as rumors of Ripple and other currencies being added in the future.
Coinbase is ergonomic in design and easy to use with a very sturdy security system. It seems that Coinbase had learned from the Mt. Gox mishap, now frequently updating and improving its user experience.
Trezor may not offer any trading options the way other digital wallets do, but it does provide an extremely secure way to store your digital currency. Trezor comes in the form of an actual physical device that you can connect to a computer device to access your coins.
The Trezor device also works as a password manager that employs a multi-signature authentication system. The wallet has additional services for customers who have forgotten their passwords or have lost their devices.
Electrum is an open-source, client-based desktop wallet that converts Bitcoin into a set of encrypted files on your computer along with a complex set of codes acting as a key.
Electrum is compatible with Windows, Mac OS X, Linux, Python, and Android and can also be used with hardware wallets used by Trezor and Ledger. Its major drawback though is that if the device got lost, stolen, or hacked, your digital coins could be misplaced permanently.
Bitcoin and other digital currencies exist because of Blockchain technology, and on its website, Blockchain.info, you can trade, send, receive, and store Bitcoins. Blockchain’s security is very sturdy with various systems and backups to keep your funds safe.
What truly makes Robinhood different than most digital wallets is that it charges no cost for commissions when trading Bitcoin. Robinhood mostly focuses on its mobile platform, but it does have its desktop version, which works relatively well.
Exodus is another online Bitcoin wallet that mostly excels in the user interface department. Apart from its intuitive visuals, the wallet also offers excellent security features and one where you can view your coins as a portfolio with graphs and charts.
Mycelium is only available as a mobile platform and is compatible with Android and iPhone. Mycelium boasts anonymity and maximum-grade security for a mobile app and can be integrated with other third-party hardware. However, some may argue that navigating the app can be complicated.