Top 7 Bitcoin Wallets of 2019

What are the best bitcoin wallets for 2019? Bitcoin has invaded the world by offering an alternative to government-backed currencies that we all know from everyday use. Proponents argue that cryptocurrencies are easier and safer and offer better privacy than traditional currencies. Since the value of bitcoin compared to the US dollar and other currencies has risen dramatically over the years, it has appeared on some people’s radar as an investment opportunity as well.

Before placing the dollar in Bitcoin or any other cryptocurrency, it is important to understand the risks. The value of Bitcoin could easily double over the next few years, but it could easily fall to near zero. Just put what you can lose because there is a chance you won’t get it back. If you understand the risks and are ready to move on, you should cover any of the best bitcoin wallets 2019.

7 of the best bitcoin wallets in 2019

best bitcoin wallets 2019

1. The best bitcoin wallets in general 2019 : Coinbase

Coinbase is one of the easiest ways to buy, sell and hold cryptocurrencies, which you earn first in this list. With Coinbase, you can connect to a bank account in the United States and easily convert your dollar into your wallet or out. You can use those dollars, or convert in new dollars, to buy and sell. In addition to Bitcoin, Coinbase currently supports Bitcoin Cash, Ethereum, and Litecoin. There are constant rumours about additional currencies such as Ripple getting support from Coinbase as well.

While the big upside for Coinbase is ease of use, it is offset by some concerns about security. Mount Gox was at one point the dominant platform on Bitcoin and other currencies. This is until it was hacked and lost nearly half a billion dollars in the user’s currency. But Coinbase did not learn from Mt. Losing Gox, has very strong security, and updates and improves the entire user experience regularly.

2. Best security: Tresor

Tresor is not a complete buying and selling platform like Coinbase. Instead, it is simply a place to store your Bitcoin. Trezor is a physical device connected to your computer, tablet or phone to access your coins. The Trezor portfolio works with multiple currencies and acts as a password manager, two-factor authentication device and other useful features.

This wallet provides some protection from lost passwords and lost devices, but you should learn from the sad lessons of others and make sure that never happens. The complete goal of this Bitcoin digital wallet is to prevent others from stealing Bitcoin, so you can assume that the recovery process is not necessarily an easy process.

3. Best for desktop: Electrum

Electrum is a software portfolio, which means that Bitcoin is stored in a set of encrypted files on your laptop or desktop computer. It is one of the best bitcoin wallets 2019. It is currently available for Windows, Mac OS X, Linux, Python and Android. Electrum can work with some physical purses and has some flexibility compared to using a hardware portfolio such as Trezor.

The big benefit is that you can run and run Bitcoin quickly on your computer. But if this computer crashes, is lost in a fire at home, or ends up being hacked or damaged, you may lose your coins. The app supports the recovery process and allows you to create an actual “cold storage” using a handwritten or handwritten key combination.

4. Best Online: Blockchain

Blockchain is a technology that allows the formation of Bitcoin and other cryptocurrencies. Expect to hear more about Blockchain beyond the crypto world. Blockchain is like a Coinbase wallet as it is an online wallet and you can buy and sell directly on the platform in more than 35 countries.

Blockchain also allows you to send and receive cryptocurrencies for a small fee. This includes Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens and more. To keep your wallet secure, Blockchain recommends completing the three key security features in your account: email verification, two-factor authentication, and a backup security statement. Regardless, Blockchain supports your money for extra security.

5. Best in buying and selling for free: Robinhood

Robinhood started as a free stock trading platform and expanded to include support for options and other investments, including cryptocurrencies such as Bitcoin. Robinhood is a wallet and exchange like Coinbase, so it’s all in one place. However, you cannot currently transfer currencies to and from Robinhood using another wallet.

Robinhood is a mobile platform but has a desktop version for many stock trading clients. What really sets Robinhood apart is the cost: free. There are no commissions when buying or selling Bitcoin, just like stocks on the platform. Some may say it’s less safe for reasons we’ve already discussed, but if it’s safe enough for your stocks, it’s likely it’s safe enough for your currencies.

6. Best for simplicity use for desktop: Exodus

Exodus is a software portfolio like Electrum, but it is more beautiful and intuitive to use. It offers similar security benefits but looks much different. The built-in Trezor case on your desktop only converts your cryptocurrencies, bitcoins and more into a portfolio with charts and charts. You can exchange currencies and store them in the app as well.

There is no account setup, so your currency and wallet are just for you. Be careful with this computer, but also know that Exodus includes private key encryption and other useful security tools. Thanks to the portfolio and graphical views, it’s great for anyone with an investment background who wants to jump into digital currency.

7. Best for Mobile: Mycelium

Mycelium is a Bitcoin wallet for mobile phones only, with Android and iPhone versions available. Mycelium is known to be more complex to use than some other Bitcoin wallets. But advanced users should be good at navigating the experiment.

There is no desktop interface, but Mycelium boasts a “bank-class security” for mobile application, which has third-party integration such as Trezor. It also lets anonymity keeps your Bitcoin in your pocket or bag pretty much everywhere you go.

Source: The balance

Learn more:
Hassan Hadaoui
Hassan Hadaoui
Writer and Economist
BC XTB

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