Since the introduction of Bitcoin back in 2009, it has become the most popular cryptocurrency all over the world. You know for a fact that there are more than 1,000 kinds of cryptocurrencies out there, but Bitcoin has its own space among all of these cryptocurrencies. Nonetheless, you could find that the market value of Bitcoins at this time has reached ten thousand US dollars. Due to its high value, as a Bitcoin enthusiast, you must have a platform to keep or, in this case, secure your Bitcoin. This platform is known as Bitcoin wallet. It allows you to store your Bitcoins and also assists you in validating the Bitcoin transactions. See this for more information: https://www.crypto.nl.
Suppose that you are interested in becoming a Bitcoin investor or miner. You have to know about the Bitcoin wallet. The problem is, there are lots of crypto wallets out there for you to utilize. Each one of them has its own features that make them different from each other. The question is, which one is the best Crypto wallet?
You do not have to worry. We will tell you that this article can be your guide in choosing the best cryptocurrency wallet for you; however, before we tell you about the answer. It would be wise if you are able to comprehend any significant information about cryptocurrency wallets first prior to finding the best one.
Cryptocurrency Wallet or Bitcoin wallet is a platform to keep the Bitcoin and helps you verify the transaction of Bitcoin. Just like its name, the wallet of cryptocurrency enables you secure credential data like a seed or personal key that is used when you make any transactions using Bitcoin. Besides, it also forbids other users to access the wallet, so nobody can use Bitcoin or harm your Bitcoin transaction process.
Bitcoin wallet operates like an account book that records any of your Bitcoin transactions. In brief, when you do a crypto transaction, the wallet will run its system to verify the transaction process. It will be shown in the form of proof that legitimate ownership of the Bitcoin wallet. As for its storage function, you can keep an unlimited amount of Bitcoins in your Bitcoin wallet.
For its cost, you do not have to pay a single cent to use a Bitcoin wallet if your purpose is only for keeping your Bitcoins. However, there are several Bitcoin wallet products that cost up to $200. Besides, you may also have to pay when you are doing transactions. The charge depends on the negotiation between you and the other party.
When it comes to converting the Bitcoins, you may not be able to cash out your Bitcoin anytime you like. Although you can exchange it for any fiat currencies. You must know that the cryptocurrency wallet has its own regulations in regards to relocating the fiat currency to the bank account.
These are some of the fundamental things about Bitcoin wallets that you should know. Now, let us take a look beneath some of the well-known Bitcoin wallets, which one is the safest wallet and Bitcoin wallet that you can get from the app store.
5 Best Bitcoin Wallet Hardware & Cryptocurrency Apps
Since you have understood the definition and the operation of a Bitcoin wallet, you may want to know about the best cryptocurrency storage devices or apps that are commonly used by many Bitcoin enthusiasts. We have compiled some of the Bitcoin wallet hardware that is considered to be the best due to its feature and popularity among cryptocurrency investors. Therefore, let us take a look at the list below:
The first hardware wallet in our list that can give you total control and easy management of your cryptocurrency is BitBox02. This Switzerland hardware wallet has several features like variable security and privacy that can guarantee the validation of cryptocurrency transactions. Also, BitBox02 has excellent protection from any malware attacks from your computer. With the microSD card backup system, touch sensors, and many more. BitBox02 is a hardware wallet with a full package feature.
Another simple to use Bitcoin hardware wallet is Coldcard. Featured with an exclusive chip for protection, you know that Coldcard is a high-security hardware wallet. Also, Coldcard is an affordable and open-source cryptocurrency hardware wallet.
Due to its easy-to-use security system, KeepKey is a popular hardware wallet among crypto investors. With the OLED display, you can easily monitor all of your Bitcoin transactions.
What Is The Safest Bitcoin Wallet
We would say that there is no safest bitcoin wallet for each user. The proficiency of the user that makes a Bitcoin wallet safer. For example, if you are limited on budget, you may only be able to purchase a hardware wallet that matches your budget. For you, it is the safest crypto wallet. For other people that can spend more, they have their own safest Bitcoin wallet. Hence, to have the safest cryptocurrency wallet, it heavily depends on how well you utilize the wallet hardware and software. If you can do that, then any Bitcoin wallet can be the safest one.
Crypto & Bitcoin Wallet on the App Store
It is time for you to know about the wallet software or wallet apps that you can install on your smartphone. These are some of the samples of wallet app:
This wallet can be installed on your phone and desktop. Exodus becomes so popular among cryptocurrency investors because of its swap features. It enables its users to swap more than 100 kinds of cryptocurrencies. As for new cryptocurrency investors, you do not have to worry about using this one because Exodus is user-friendly. Besides, it also has customer care that can support you to enhance your wallet protection.
Electrum is one of the oldest Bitcoin wallets. Since this platform is exclusively for Bitcoin wallets, Electrum can be said as the best Bitcoin wallet that you can find, with an advanced level of security and customized transaction fees. You can never go wrong using this wallet.