- Best Bitcoin Wallets
- The best Bitcoin wallets for safe and secure storage
- The Best Bitcoin Wallets of 2021
- Best for Beginners : Exodus
- Best For More Advanced Users Interested in Just Bitcoin : Electrum
- Best for Mobile Users : Mycelium
- Best Hardware Wallet : Ledger Nano X
- Best For a Large Number of Cryptocurrencies : Trezor Model T
- Best Bang For Your Buck : Ledger Nano S
- What Is a Bitcoin Wallet?
- How Does a Bitcoin Wallet Work?
- How Much Does a Bitcoin Wallet Cost?
- How Do You Cash Out Your Bitcoin Wallet?
- Methodology
- Best Bitcoin Wallets
- Coinbase wins as a simple way to buy, sell, and hold cryptocurrencies
- Best Bitcoin Wallets of 2021
- Best Overall : Coinbase
- Best for Hardware Wallet for Security : Trezor
- Best Hardware Wallet for Durability : Ledger
- Best for Beginners : SoFi
- Best for Free Buying and Selling : Robinhood
- Best for Mobile : Mycelium
- Best for Desktop : Exodus
- Final Verdict
- Compare the Best Bitcoin Wallets
- Frequently Asked Questions
- How Do I Use a Bitcoin Wallet?
- How Much Money Do I Need To Invest in Bitcoin?
- Pros and Cons of Digital Bitcoin Storage
- How Should I Choose a Bitcoin Wallet?
- Methodology
Best Bitcoin Wallets
The best Bitcoin wallets for safe and secure storage
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Since Bitcoin’s emergence in 2009, it has become the first thing people think about when the word crypto or blockchain comes up. While cryptocurrencies like Bitcoin are highly volatile, they don’t seem to go away. As cryptocurrencies like Bitcoin continue to exist or even appreciate in value, individuals may become interested in owning some, but it’s important to understand how to safely store Bitcoin.
To accommodate those looking to safely invest in Bitcoin, we have assembled a list of the best Bitcoin wallets and storage devices. Some of these wallets have more features than others, including the ability to store more cryptocurrencies than just Bitcoin, as well as added security measures. This list goes in no particular order other than having hot wallets come first, but that does not mean hot wallets are better. To learn about the differences in specific wallet types, such as hot and cold wallets, you can check below this list for detailed information.
For now, you can think of hot wallets as a less secure way to make transactions quickly and cold wallets as a more secure way to store for longer terms, though we do recommend that you understand these concepts entirely before choosing a wallet, as safe storage is key.
The Best Bitcoin Wallets of 2021
- Best for Beginners:Exodus
- Best For More Advanced Users Interested in Just Bitcoin:Electrum
- Best for Mobile Users:Mycelium
- Best Hardware Wallet:Ledger Nano X
- Best For a Large Number of Cryptocurrencies:Trezor Model T
- Best Bang For Your Buck:Ledger Nano S
Best for Beginners : Exodus
- Type of wallet: Hot wallet
- Purchase cost: Free
- Compatible hardware wallet: Trezor
- Incorporated exchange: Yes
Exodus is a desktop and mobile wallet with a very simple user interface and an exchange built-in. One of Exodus’s most popular features is the ability to swap between a growing number of cryptocurrencies. Exodus currently allows for swaps between over 100 different cryptocurrencies.
With its simplicity, this wallet is great for beginners just getting into the crypto space. It also has great support, which is an essential feature for beginners getting into what many would consider a confusing market.
While it is great for beginners, more advanced users may find it lacking in some features. First, Exodus is a closed source wallet. This goes against the ethos of the idea of Bitcoin and blockchain and can create some security concerns as its code is not open for everyone to see. Instead, users rely on the Exodus team to ensure there are no holes in the security of its wallet.
Exodus has an option to set custom fees to keep costs down in addition to the option of automatically setting a fee that ensures the transaction completes quickly.
Huge variety of cryptocurrencies
Good customer support
Closed source software
Best For More Advanced Users Interested in Just Bitcoin : Electrum
- Type of wallet: Hot wallet with option for cold storage
- Purchase cost: Free
- Compatible hardware wallet: Trezor, Ledger, and many more
- Incorporated exchange: No
Electrum is one of the original Bitcoin wallets. It has been around since 2011, two years after Bitcoin’s creation, and has changed little since. While this wallet is bare-bones in terms of its user interface and its commitment to only Bitcoin, it excels at this primary function. Electrum is also more suited for advanced users due to its complex options.
Electrum is open source, allows its users to set custom transaction fees, and has the option to choose between legacy Bitcoin and Segwit. It also offers users the ability to determine the level of security they wish to use. For example, you can create a standard wallet, one with 2-factor authentication, or a multi-signature wallet. You can also elongate your seed phrase with custom words.
Electrum is perfect for the more advanced Bitcoin holder who wants great security features and customizability all in a simple layout.
Customizable transaction fees
Greater level of security than most hot wallets
Ability to customize seed phrase
Bare-bones user interface
Only works for Bitcoin
No customer support
Best for Mobile Users : Mycelium
- Type of wallet: Hot wallet with cold option
- Purchase cost: Free
- Compatible hardware wallet: Trezor, Ledger, and KeepKey
- Incorporated exchange: Yes
Mycelium is an open-source and mobile-only Bitcoin wallet. Mycelium currently only supports Bitcoin, ETH, ERC-20 tokens, and FIO token. In some ways, Mycelium is quite similar to the Electrum wallet with some of the differences being that it is mobile only, has a more refreshed user interface than Electrum, and also has a built-in exchange.
Mycelium, like Electrum, is one of the earlier wallets in the space. Also like Electrum, you can set custom transaction fees so you can choose how long you’re willing to wait for a transaction to be completed.
Mycelium also has a few more interesting features such as hardware wallet support, which allows users to hold their Bitcoin in an offline storage device while still using Mycelium’s user interface to see their holdings.
Customizable transaction fees
Ability to use hardware wallets
Confusing for a first-time user
Best Hardware Wallet : Ledger Nano X
- Type of wallet: Cold wallet
- Purchase cost: $119
- Incorporated exchange: Yes
The Ledger Nano X is the second generation hardware wallet from Ledger, a French company launched in 2014. Ledger’s first cryptocurrency product, the Ledger Nano S, was one of the first hardware wallets on the market and dominated the space for a number of years.
In July 2020, Ledger experienced serious hacks that revealed detailed customer information including names, phone numbers, email addresses, and even home addresses in some cases. Though this does not affect people’s private keys, it has led many to question the integrity of Ledger’s internal security measures.
The Nano X resembles a USB drive and connects to your device via USB or Bluetooth. This means that you can connect the wallet to your iOS or Android device and do not need a computer. It supports well over 1,500 cryptocurrencies. This list continues to grow each year as the Bitcoin community asks for support for their favorite cryptos.
While the device itself is a cold storage hardware wallet, the Ledger team has created the Ledger Live software that provides a user interface for all your holdings. This gives users the ability to add new wallets for different cryptocurrencies to their devices and manage their portfolios. Ledger hardware wallets have been, and currently are, the most popular in the industry. The Ledger also comes with a USB Type-C cable so that it can be connected to either a desktop computer or a smartphone if preferred over Bluetooth.
Ledger Live has an intuitive and convenient user interface
Stores up to 100 different apps
Open-source software with added benefit of customer and community support
Convenience of Bluetooth connectivity
Bluetooth integration a potential vector of cyber attack (USB is still an option)
Bluetooth feature not perfected
Limited wallet storage
Best For a Large Number of Cryptocurrencies : Trezor Model T
- Type of wallet: Cold wallet
- Purchase cost: $181
- Incorporated exchange: Yes
Trezor, like Ledger, is a name synonymous with crypto cold wallet storage. Its Model T is the second generation of hardware wallets they have created. The Trezor Model T is very much like the Ledger, but it gives the user the ability to access third-party exchanges, like Changelly and CoinSwitch, directly in its website interface. While this is quite convenient, it hardly justifies its more expensive price tag of $181.
The Model T utilizes a touch screen, which can be easier to use for beginners than the buttons their previous model used. The Trezor also has a MicroSD card slot, allowing you to use MicroSD cards to encrypt the PIN and further protect your device from attacks.
Like the Ledger Nano X, the Trezor Model T also comes with a USB Type-C cable so that you can connect to either your smartphone or desktop computer. Currently, the Trezor Model T supports more than 1,600 different cryptocurrencies. Some consider the Model T to be a bit more secure than the Ledger Nano X due to the X’s Bluetooth connectivity (although Ledger’s Bluetooth is optional).
Web-based user interface with exchanges built-in
Massive list of supported cryptocurrencies
Open-source software with added benefit of customer and community support
Higher price point than others
Small touchscreen for typing
Confusing for a first-time user
Best Bang For Your Buck : Ledger Nano S
- Type of wallet: Cold wallet
- Purchase cost: $59
- Incorporated exchange: Yes
The Ledger Nano S is the first generation hardware wallet introduced by Ledger. One of the first hardware wallets ever made, it followed shortly after the first generation of the Trezor. Like its successor, the Nano S is compatible with 1500+ cryptocurrencies. The Nano S does not come with a USB type-C cable, so users with more modern smartphones may have trouble connecting to their devices.
The Nano S is essentially the same as its successor, the Nano X, minus a couple of features. Both support the same list of cryptos and have access to the Ledger Live software. Unlike the Nano X, Nano S lacks Bluetooth connectivity, and it only stores up to 6 apps versus the 100 that can be simultaneously stored with Nano X.
The Nano S only has enough storage to make wallets for a limited number of cryptocurrencies at a time. If you were to delete an app in order to add another type of cryptocurrency, their online guide says it will not affect your assets.
The deleted wallet, and crypto within it, can still be seen in Ledger Live, but the wallet will not be seen on the Ledger device itself. This means that if you would like to send or receive to the wallet you have deleted, you may have to delete another wallet to make more room.
That said, at just $59, the Ledger Nano S is a fantastic wallet for those looking to store their cryptocurrency safely for a fair price. It is also quite easy to use with Ledger Live, making it an ideal product for a beginner looking for safe and simple storage for a handful of cryptocurrencies.
Access to Ledger Live
Secure storage for a low price
Open-source software with added benefit of customer and community support
Max storage of 6 apps
No wireless Bluetooth feature
What Is a Bitcoin Wallet?
A Bitcoin wallet is a place that stores your digital Bitcoin and validates your transactions when you’re using your Bitcoin. A wallet keeps secret information, called a private key or a seed, which is used to validate transactions and “sign” them so that your Bitcoin can be used to make purchases or exchanged for another asset. This prevents someone else from using your Bitcoin or the transaction being altered by a third-party.
Often when people refer to a Bitcoin wallet they are actually referring to a crypto exchange that offers a wallet as part of their account features. In this sense, the wallet is just the place where all of your cryptocurrencies are kept, or where you can keep fiat money for future use.
How Does a Bitcoin Wallet Work?
A blockchain is a shared public ledger where all Bitcoin transactions are conducted, from Bitcoin wallets. When a transaction occurs, there is a transfer of value between more than one Bitcoin wallet. Typically, a single party is exchanging some value of Bitcoin for another asset or service with another Bitcoin wallet. When this occurs, every individual Bitcoin wallet will use its secret data to sign and validate transactions, providing mathematical proof that the buyer or seller is the owner of their Bitcoin wallet. Your wallet can safely keep as much Bitcoin as you’d like without any limit.
How Much Does a Bitcoin Wallet Cost?
Using a Bitcoin wallet doesn’t cost you anything if you’re just storing Bitcoin in the wallet. However, if you’re completing a transaction, then the owner of the exchange or device that is housing your wallet will charge you various fees depending on what you’re trying to do. Purchasing a wallet could cost you anywhere from $0 to $200 or more. If you’re using a wallet as part of an exchange then you’ll likely pay either a flat fee of a few dollars or a percentage of the total transaction value.
How Do You Cash Out Your Bitcoin Wallet?
You can’t convert Bitcoin to cash directly whenever you feel like it, but you can sell your Bitcoin anonymously on the blockchain in exchange for the fiat currency you desire. A crypto exchange can handle the transaction on your behalf and find a buyer so that you can quickly convert the value of your Bitcoin into the cash you need. Every wallet has different rules and time periods for transferring your fiat currency over to your bank account, but most can be done in 1 to 3 days after the Bitcoin sale is complete.
Methodology
We looked at more than a dozen Bitcoin wallets all over the world and decided on the top hot and cold wallets based on factors such as security, costs, and customer reviews. Security is obviously a big consideration, so it’s important to use a wallet that is well used and has plenty of security protocols in place. It’s also important to choose a wallet that works well with some of the larger exchanges so that you can quickly complete transactions in the open market.
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Best Bitcoin Wallets
Coinbase wins as a simple way to buy, sell, and hold cryptocurrencies
While the concept of Bitcoin may be new to some, this well-known cryptocurrency has been around for more than a decade. Bitcoin (BTC) is one of many digital currencies that have become fairly common investment holdings among tech-savvy households.
Proponents of cryptocurrencies argue that digital currencies are easier and safer, and come with better privacy, than traditional currencies. Because of its limited supply, Bitcoin has shown up on some people’s radar as an investment opportunity as well. Even the widely used PayPal mobile app is offering an option to buy, sell, and hold cryptocurrencies in its wallet. However, it should be noted that cryptocurrencies are still risky investments.
In short, Bitcoin wallets store a collection of bitcoin private keys. Typically, the wallet is password- or otherwise protected from unauthorized access. A Bitcoin wallet is controlled solely by its owner, not distributed and shared like blockchain technology.
Best Bitcoin Wallets of 2021
- Best Overall:Coinbase
- Best for Hardware Wallet for Security:Trezor
- Best Hardware Wallet for Durability:Ledger
- Best for Beginners:SoFi
- Best for Free Buying and Selling:Robinhood
- Best for Mobile:Mycelium
- Best for Desktop:Exodus
All of the providers included in this article can help investors gain exposure to bitcoin and other cryptocurrencies. However, not all of the providers listed below meet the strict definition of a bitcoin wallet, as many do not permit users to deposit or withdraw cryptocurrency from their account. Some of these providers may also subject investors to increased risk of loss from hacking. To better understand the risks involved, be sure to read the full provider sections below.
Best Overall : Coinbase
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- Fees: Flat fee between $0.99 to $2.99, plus funding fee of up to $3.99%.
- Cloud Storage: Yes
- Cold Storage: No
Coinbase is primarily a cryptocurrency exchange and not a personal wallet. While users have the ability to deposit or withdraw bitcoin from their accounts, users do not have access to the private keys of cryptocurrency held on the exchange. As a result, users may face an increased risk of loss due to hacking, and assets held on the exchange are not insured by SIPC. But, Coinbase does allow users to hold cryptocurrency traded on its platform.
Easy to get started with
Best-known cryptocurrency exchange
Strong security track record
High transaction fees
Past incidents of downtime
Coinbase is one of the easiest ways to buy, sell, and hold cryptocurrencies. With Coinbase, you can connect a U.S. bank account and easily transfer dollars in or out of your Coinbase investing and trading account. You can also use a standalone Coinbase Wallet for mobile.
This digital exchange and online cryptocurrency wallet provider is great for people new to Bitcoin. It makes buying and selling very similar to buying and selling stock through your brokerage account. Coinbase trading accounts offer 62 different tradable cryptocurrencies, including U.S. dollars and the Coinbase USD Coin, which is pegged to the dollar. Some coins can even earn interest.
Another great feature is Coinbase Earn, which gives you free cryptocurrencies in exchange for watching videos and taking quizzes. Coinbase Pro is an active trading platform with its own high-end interface, application programming interface (API) support, and fee structure.
If you use Coinbase, watch out for high fees and costs. There are flat transaction fees, plus a spread Coinbase charges when converting between currencies. Those can add up quickly. Also, while they are definitely not a common occurrence, Coinbase has experienced outages in the past that left users unable to buy or sell.
Best for Hardware Wallet for Security : Trezor
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- Fees: N/A
- Cloud Storage: No
- Cold Storage: Yes
Ultra-secure offline storage
Supports more than 1,000 currencies
Easy-to-use touchscreen on Model T
Complex setup for less tech-savvy users
The Trezor One is a secure device that includes multi-factor authentication and supports more than 1,000 digital coins. The more expensive Model T supports more coins, offers a better screen and interface, and a few other useful features.
The Trezor hardware wallet is a device that can store your digital coins offline. It plugs into your computer or smartphone. The device has a small screen you can use to manage your secure connection. Currently, you can buy the introductory-level Trezor One for $60 or the higher-end Model T for $181.
Just make sure you never lose your Trezor or your recovery information (a password, PIN, and recovery seed), otherwise, your bitcoins could be gone for good.
Best Hardware Wallet for Durability : Ledger
- Fees: N/A
- Cloud Storage: No
- Cold Storage : Cold
Extremely secure offline storage
Supports many currencies
Highest-end mobile version includes Bluetooth
Complex setup for less tech-savvy users
Extra steps may be required to buy and load currency into external hardware wallet
The Ledger Nano X and Ledger Nano S are hardware wallets that keep your bitcoins safe in an offline device. About the size of a USB flash drive, Ledger devices connect to your phone or computer to store and access your digital holdings. The device is surrounded by a stainless steel cover, which makes it very durable.
With included Ledger Live software, you can check your balance, and send and receive currencies. Ledger supports over 1,800 digital coins and tokens, so you are far from limited to Bitcoin. Ledger Live even supports coin staking, in which you can earn rewards based on your balance.
The basic Ledger Nano S and Bluetooth-enabled Ledger Nano X cost $59 or $119, respectively. Nano S supports up to 27 currencies and has capacity for up to six applications at a time, while Nano X holds up to 100 applications at a time. Apps may be needed for certain currencies and other purposes, which means you may not be able to use all supported currencies at the same time with one device. Both use highly secure chips similar to the ones used in a chip-based credit card or passport.
Best for Beginners : SoFi
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- Fees: Up to 1.25% of transaction
- Cloud Storage: Yes
- Cold Storage : No
SoFi is a brokerage platform. While the company does not meet the strict definition of a bitcoin wallet or cryptocurrency exchange, it does help users who want to invest gain exposure to cryptocurrencies. However, SoFi users are not able to deposit or withdraw cryptocurrency from their account, and do not have the same security as some other bitcoin wallets.
Easy to get started
Manage investments and crypto with one account
Many additional free finance tools and features for customers
Limited currencies available
SoFi is a financial company that offers investing, student and personal loans, a credit card, and other financial products. Within SoFi Invest, you can buy, sell, and hold bitcoins and other cryptocurrencies. There is a $10 minimum to open an account. When buying crypto, SoFi charges up to 1.25% of the transaction as a markup.
SoFi supports just four currencies. That’s not as impressive as some of the digital wallet providers and dedicated crypto exchanges that offer hundreds or more. With SoFi, you can buy Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
SoFi offers a great user experience and works well for crypto beginners. It’s good for buying and selling, but not for transfers to or from other wallets. Advanced users may find the platform and trading system at SoFi limiting, but it’s a good choice for someone completely new to Bitcoin.
Best for Free Buying and Selling : Robinhood
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- Fees: N/A
- Cloud Storage: Yes
- Cold Storage : No
Robinhood is a securities brokerage platform and does not meet the strict definition of a bitcoin wallet or cryptocurrency exchange. Users who wish to gain exposure to cryptocurrency can do so through Robinhood, but are unable to deposit or withdraw bitcoin from their account. Users may also face increased risk of loss from hacking.
No transaction cost
Quick to get started
History of downtime
Limited currencies available
Robinhood started as a free stock trading platform and has expanded to include Bitcoin and other cryptocurrencies. Robinhood has both a wallet-like offering (so users can store currency) as well as an exchange like Coinbase (to buy/sell currency), so everything is in one place. However, you can’t withdraw or transfer coins to and from Robinhood using another wallet.
Robinhood is a mobile-first platform but has a desktop version, available on the web, too. And what really sets Robinhood apart is that it’s completely free to use. There are no commissions when buying or selling Bitcoin. Robinhood customers can currently buy, sell, and hold Bitcoin, as well as six other cryptocurrencies.
Robinhood has experienced some outages in the past, so it may not be quite as reliable as some other wallet providers.
Best for Mobile : Mycelium
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- Fees: $0.25 -$7
- Cloud Storage: No
- Cold Storage : Yes
Download and get started for free
Very high security, including offline (cold) storage
Make payments, transfers, and exchange cryptocurrencies
It may be overwhelming for people brand new to cryptocurrencies
Mycelium is a popular crypto wallet for Android and iOS devices. The website says that this wallet is made for people who are not as familiar with Bitcoin, but it may be a bit intimidating for people completely new to cryptocurrencies. It works well for experienced crypto enthusiasts who want features like QR-code-based payments, offline storage, and control over your own private keys. Mycelium offers secure online accounts that work with hardware wallets, the Glidera exchange API that integrates buying and selling features, and other integrations.
Mycelium does anything you may need in crypto, including sending and receiving Bitcoin, Ethereum, and other coins with your smartphone. It’s free to install and get started, though you may run into fees from the exchanges you use with your wallet.
Best for Desktop : Exodus
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- Fees: N/A
- Cloud Storage: No
- Cold Storage : No
Desktop-first app that supports over 100 assets
Integrates with Trezor
High-quality user interface
No two-factor authentication
Exodus is a software wallet that lives on your laptop or desktop computer. There’s a mobile app version available as well. This digital wallet includes an attractive user interface that puts many investor-focused tools in your hands.
The desktop-first wallet, which also integrates with Trezor wallets, turns your digital currencies like Bitcoin and many others, into a portfolio with graphs and charts. You can exchange and store coins right on your desktop or in the app. It supports more than 100 different digital assets, too.
There is no account setup, so your currency and wallet are just for you. Exodus gives you a private key to access your bitcoins, as well as other useful security tools to keep your assets as safe as possible. Remember, though, that your private key is stored on your computer. Make a backup of the key to ensure it’s safe, just in case your computer is stolen or dies.
Final Verdict
A cryptocurrency wallet is a must-have if you want to store cryptocurrencies safely. Without a secure wallet in place, you’ll leave yourself open to security breaches which could cost you in a big way.
You’ll need to find a wallet that brings together the security you crave with the accessibility you need. Coinbase is a good place to start looking for your ideal cryptocurrency wallet. But don’t rule out the other options without taking a closer look.
Compare the Best Bitcoin Wallets
Company | Type of Wallet (hot/cold) | Purchase Cost | Incorporated Exchange | Compatible Hardware |
---|---|---|---|---|
Coinbase Best Overall | Hot | Free | Yes | N/A |
Trezor Best for Hardware Wallet for Security | Cold | $60 — $181 | Yes | Trezor Model T, Trezor One White |
Ledger Best Hardware Wallet for Durability | Cold | $59 — $119 | Yes | Ledger Nano S, Ledger Nano X |
SoFi Best for Beginners | Hot | Free | Yes | N/A |
Robinhood Best for Free Buying and Selling | Hot | Free | Yes | N/A |
Mycelium Best for Mobile | Cold | Free | Yes | Ledger Nano S, Ledger Nano X, Trezor Model T, Trezor One White, KeepKey |
Exodus Best for Desktop | Hot | Free | Yes | Trezor Model T, Trezor One White |
Frequently Asked Questions
How Do I Use a Bitcoin Wallet?
Bitcoin wallets act as a virtual wallet for your digital currencies. Just as you could put dollars, euros, pounds, and yen in your physical wallet, you can put Bitcoin, Ethereum, Litecoin, and Ripple in your Bitcoin wallet.
Some wallets featured in this list allow you to buy and sell bitcoins with an integrated platform. Others are only made for storage. There are pros and cons to keeping your cryptocurrencies online or in an offline wallet. It’s up to you to decide on the right mix of security and convenience for your needs and comfort.
How Much Money Do I Need To Invest in Bitcoin?
If you’re looking to buy Bitcoin, it’s important to understand the costs and risks involved. There is no universal minimum purchase rule for digital currencies, but some exchanges have minimum order sizes and, when you take fees into account, small purchases may not always be practical.
Examples of places you can buy small amounts of Bitcoin are Coinbase ($2), Robinhood (0.00001 BTC minimum purchase), and SoFi (minimum $10 purchase).
It’s not a good idea to put more money into Bitcoin than you can afford to lose. While many people made millions when Bitcoin skyrocketed to nearly $20,000 in 2017, the price dropped below $3,500 one year later. It then blew past $40,000 in early 2021. All of which demonstrates that Bitcoin is highly volatile.
Pros and Cons of Digital Bitcoin Storage
Pros
- Securely store Bitcoin and other digital currencies
- Ability with some to buy and sell coins to take advantage of market fluctuations
- Flexibility to keep your coins online and accessible, or offline and ultra-secure
Cons
- Some exchanges associated with these wallets charge high fees
- Setting up some wallets can be complex
- Hardware wallets require an initial cost
How Should I Choose a Bitcoin Wallet?
The best bitcoin wallet for your needs depends on your comfort with technology and your goals. Here are some of the best types of wallets for different situations:
- Beginners: Consider starting with an online wallet that charges very low fees for transactions. SoFi, Robinhood, and Coinbase are best for this group. If you have a strong investment background, SoFi, Robinhood, and Exodus are good choices.
- Experienced users: Hardware wallets offer the best security. People very comfortable with computers should have no problem navigating the additional complexities. Trezor and Ledger are suitable for this group.
- Serious enthusiasts: Consider a dedicated cryptocurrency wallet that gives you either added security or enhanced features. Coinbase, Trezor, Ledger, Edge, and Exodus are solid options.
Methodology
Bitcoin wallets are essential for digital currency users. For this list of top choices, we looked at over 15 different Bitcoin wallets. When choosing the best bitcoin wallets, we focused on cost, security, ease-of-use, and features helpful for typical crypto users.
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