5 Best Bitcoin Wallets you can Store Your Bitcoin Safely

Ever since its emergence 11years ago, Bitcoin is currently the first thing people think of whenever the word “Blockchain” or “Crypto” is mentioned. For people who desire to deal with Bitcoin, let it be known that there are several Bitcoin wallets and device storages to select from, it is true choosing a Bitcoin wallet is not an easy decision, we have compiled a list of 5 Best Bitcoin wallets you can store Bitcoin safely:

  1. Exodus

Exodus bitcoin wallet

Exodus is a mobile and desktop wallet which operates on no complicated UI and also an inbuilt exchange with wonderful features, you’ll be able to choose among growing several cryptocurrencies.

It currently permits swaps among over 100 different Cryptocurrencies. The exodus Bitcoin wallet is easy to use and understand for beginners who just ventured or want to invest in the Crypto business.

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  1. Electrum

Electrum Bitcoin wallet

It has been in existence for some years now and its user interface is a very notable thing to note. Electrum is an open-source wallet which means it permits it, users, to place custom transaction fees, and as well lets them choose between Segwit and Bitcoin. It presents users with the capability to select the level of security they desire to use. In fact, your seed phrase can be extended with custom words.

  1. Mycelium

Mycelium bitcoin wallet

It is a mobile-only and pen-source Bitcoin wallet that as of now works for just Bitcoin. Just like Electrum although it is mobile-only and carries a superior UI.

It arrives with a built-in exchange and users will be capable to place custom transaction fees. Hence, you can choose how lengthy you are prepared to wait for a transaction to be completed.

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  1. Ledger Nano S

Ledger Nano S bitcoin wallet

Ledger Nano S is one of the first-ever hardware wallets built and it works together with over thousands of Cryptocurrencies. It does not support any USB type-C cable. Thus users with modern mobile devices might not be able to connect their devices.

It has no Bluetooth connectivity however you can store up to 100 wallets altogether. You can use it effortlessly with Ledger Live and it is incredible for those that want to stockpile their cryptocurrency safely for an upright price.

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  1. Trezor Model T

Trezor Model T

Trezor Model T and Ledger Nano X are pretty alike but the Trezor Model T wallet permits the user right to use third-party exchanges like Changelly and Shapeshift straight from its website interface. It is extremely easy to use but fairly costly. It has a touch screen which makes things easier for starters than the buttons the earlier model used. This wallet is also a house in a MicroSD card slot, allowing you to use the MicroSD cards to encrypt the PIN and additionally protect your gadget from attacks.

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Additional Information On Bitcoin:

Bitcoin is a digital currency created in January 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high in popularity.

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Olamilekan Adebanji

Olamilekan Adebanji is a lover of tech and a content writer at wapmastazone

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