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More often than not, people who buy Bitcoin do not realize that they have the same lying in the cryptocurrency exchange itself. Whether you are using Zebpay or Coinbase, or any other crypto exchange, once you have bought your cryptocurrency it is essential that you move it to a wallet of yours. Keeping them in the exchange could make them easy for hackers to take away like it happened with the Mt Gox.
This is why you need to keep them safe in a Bitcoin wallet. Before we delve into the top Bitcoin wallets for this year, let us first give you a preview of the type of wallets available.
Bitcoin wallet types
There are three main categories of Bitcoin wallets namely
- Hardware wallet
- Software wallet which has the mobile, web and desktop wallet
- Paper Wallet.
Now let us take a look at the top Bitcoin wallets for this year based on various features.
Coinbase:
Yes, we are referring to one of the largest cryptocurrency exchange. Coinbase doesn’t just act as an exchange, but it also offers you the option to store your cryptocurrency safely. It is the best place to store Bitcoin for the beginners, and most importantly it is free.
It is, of course, a web wallet, which means that your Bitcoin is stored online with your private keys saved in the servers of Coinbase. This also means that it can be easily hacked into and you stand the chance of losing your money.
Coinbase does promise that it has the best security, but it is better to be careful. If you are a beginner with a very minimal investment, then you can save it on the web wallet of coinbase itself.
Ledger Nano S:
This is a hardware wallet with buttons for confirming or rejecting a transaction and an OLED screen for display. In this case, your private keys are offline, and you don’t have to worry about any theft or hack.
It is inexpensive, and it allows not just storage of Bitcoin, but also multiple other Cryptocurrencies including Dash, Litecoin, Ethereum, Monero, Z-cash and more. It is entirely safe and is available at an affordable cost, but it is not used much.
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MyCelium:
This is the best cryptocurrency wallet for anyone new to the entire concept. It is upgraded continually given that it is open source and has many cool wallet features despite being a mobile wallet. The only concern has a malware infecting your mobile.
There is the option to connect it to your hardware wallets. It comes with an interactive interface and the seeded phrase like a hardware wallet for recovery of the Bitcoin in case of loss of your mobile.
Coinomi: Another mobile wallet where you can Bitcoin and other Cryptocurrencies. With robust security and interactive UI, you have the safest way to keep your Bitcoin.
You also have language options to choose along with the opportunity to convert from one cryptocurrency to another. It is quite easy to use, but it works only on Android platform limiting its reach.
Trezor:
A hardware wallet, it is slightly expensive than the Nano S but is quite safer. It supports other Cryptocurrencies as well and comes with an extra layer of security when transferring to others. It is quite more cumbersome in the making.
Interested in my previous blogs:
- Crypto World #8 Bitcoin: That's What Crashing the Market of Cryptocurrencies:
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- Crypto Talk #6 Bitcoin Alternative Mobilecoin: Signal Inventor Announces New Cryptocurrency.
- How To #13 How can you exchange Bitcoin or any other cryptocurrency for real money?
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I am completely new to the whole idea of Cryptocurrency.
Didn't really pay it too much mind until an artist colleague of mine was working on World of Ether...
Once everything is said and done though, a "CryptoWallet" will be as common as a debit card.
Bitcoin remains always ahead, a huge profit ..
Citing bitcoin.com in 2012 bitcoin value is only in the range of US $ 5 - US $ 7 per kepingnya. In 2013 bitcoin value is in the range of US $ 10 - US $ 300.
In 2014 the value of bitcoin was US $ 700 but the year-end slumped to US $ 300 per chip. Entering 2015 bitcoin was recorded at US $ 200 and by the end of 2015 was US $ 420 per chip. 2016 bitcoin price US $ 450 per chip and end of year US $ 950.
2017 is the golden age of this virtual currency. Initial trade of the year opened US $ 970 per chip. But 2017 is not over yet, bitcoin value is almost close to US $ 10,000 which is about US $ 9,566 per chip.
Good morning, Bitcoiners! Wow, the price of Bitcoin and altcoin prices this morning is all green, could it be a sign that soon the price of digital assets is soaring? Hopefully yes :) Do not forget breakfast and coffee early in the morning
I am new and i didn't have any wallet .I was researching on this thing but you have posted about wallets.thanks for sharing with us☺
Thanks for sharing friend,,,
we have to take good care of our bitcoin that we have saved dicoinbase so as not to lose
Bitcoin is again popular in the world, your postquote throws my heart to bitcoin moncoba, I wait for the following post ..