A-List of Best Bitcoin Wallets!

The concept of Bitcoin is still new to some people, but it has been in the financial world for more than ten years. Bitcoin is one of the largest and leading cryptocurrencies in the crypto space, and it definitely has the potential to be a great medium of exchange and a store of value. People get confused when it comes to storing digital currencies because these aren’t present in physical form. For more information, you can visit the official website of 1K Daily Profit

Digital currencies are stored in a software program that is commonly referred to as digital wallets that do the work of holding, sending, and receiving bitcoins and other cryptocurrencies. We have gathered here the best bitcoin wallets to help you choose the best one to store your crypto tokens. Let us have a look at those top-notch bitcoin wallets:

Mycelium

Mycelium is a very popular digital wallet that is compatible with both Android as well as iOS devices. The wallet provider says that this wallet is specially designed for beginners new to the bitcoin world. But it also provides a good interface for experienced crypto users as it offers the feature of scanning QR codes for making payments. It provides complete control to wallet owners over their keys and bitcoins and stores bitcoin offline.

It provides almost every feature or helps that a crypto user may need to send and receive cryptocurrencies. Users can easily install it for free but have to pay some fees charged for exchanging currencies.

Trezor

Trezor is one of the best hardware wallets that store cryptocurrencies in offline mode. It stores digital coins in a hardware device that can be connected to a mobile device or computer. Trezor is a physical device that provides high security to crypto tokens by offering the feature of multi-factor authentication. This hardware wallet supports over 1000 digital currencies.

Bitcoin holders must make sure never to lose the recovery information or private keys or the device itself. If your device ka lost, you’ll lose all your digital coins.

Exodus

Exodus is a popular software wallet that can be installed on a desktop, tablet, or laptop. It also offers a mobile version to users that trade bitcoin regularly. Exodus provides an intuitive user interface that is best for crypto users and allows them to store, send and receive crypto coins. This software wallet supports around 125 digital coins.

Setting up an account with Exodus is a simple task as there aren’t any formalities. It provides complete control to bitcoin holders over their private keys and other security tools to secure the digital coins. Ensure you create a backup of your wallet to secure your coins if your wallet is stolen or stops working.

Coinbase

One of the most popular and easiest wallets used to store, buy and sell different cryptocurrencies is Coinbase. Users can easily connect their bank account and can transfer funds to a bitcoin wallet or crypto exchange. A Mobile version of this wallet is also available for users. The interface and design of Coinbase are specially designed for new users that aren’t familiar with many things.

Through Coinbase, users can easily send and receive bitcoins and other cryptocurrencies. This wallet provides to hold more than 45 cryptocurrencies. It also charges transaction fees from users for trading and converting cryptocurrencies to fiat currencies.

SoFi

It is a famous financial company that allows people to invest in cryptocurrencies and get loans. With SoFi, users can easily hold, buy and sell bitcoins and the minimum amount for opening an account with SoFi is $10. This wallet or company charges around 1.25% transaction fee. It isn’t a big platform, and therefore it supports only six popular cryptocurrencies. Because it is a financial company, it is quite different from wallet service providers. The cryptocurrencies that SoFi supports include Dash coins, Bitcoin, Ethereum, Ethereum Classic, Litecoin, and Bitcoin Cash.

It is designed with a motive to provide ease to beginners and provide them a classy user experience. It is not built according to advanced crypto users, and they may not find it as good as other platforms.