What is bitcoin wallet app

Best Bitcoin & Cryptocurrency Wallet Apps

By: Ofir Beigel | Last updated: 1/8/21

Cryptocurrency wallet apps are programs that store and manage the private key for your Bitcoins on your computer hard drive or mobile phone. In this post, I will review the most popular wallet apps around.

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Bitcoin & Cryptocurrency Wallet Apps Summary

There’s a wide variety of Bitcoin and cryptocurrency wallet apps around and it’s important to know what features you’re looking for, before choosing a wallet. Several things to consider are ease of use, security, privacy and coin support. For beginners the best wallet overall would probably be Exodus.

Here are the best Bitcoin and cryptocurrency wallet apps:

If you want a more detailed review of the different wallets keep on reading, here’s what I’ll cover:

1. Cryptocurrency Wallet Apps

Wallets apps, also referred to as software wallets, are considered “hot wallets”, since they are connected to the Internet. This makes them by design, less secure than hardware wallets. However, for small amounts of Bitcoin or any other cryptocurrency, and for day to day use they are a good solution.

If you’re new to the world of cryptocurrency wallets, I strongly advise that you watch this video so this post will make more sense:

For large amounts of coins ALWAYS use cold storage wallets (i.e. wallets that aren’t connected to the Internet) like a paper wallet or a hardware wallet.

2. Exodus

Pros: Intuitive, great customer support, DeFi integrations.

Cons: Limited coin support, not open source

Platforms: Mac OS, Linux, Windows, iOS , Android.

If you’re just getting started with Bitcoin and you’re still trying to wrap your head around everything that’s going on, Exodus has got you covered. Exodus launched in July 2016 and since then has gained some serious momentum.

I’ll start with the downside – it’s not open source. This means that the developers can potentially insert malicious code into the software without you knowing about it. And of course, when it comes to managing money, having a closed source program can raise some concerns.

However, since in any case, I suggest you use wallets apps for small amounts of Bitcoin (closed or open source), then this is not a big issue in my book. I never put an amount I’m not willing to risk in any hot wallet (desktop, mobile or web).

Exodus also allows you to hold a variety of cryptocurrencies such as Ethereum, Litecoin, Dash and more. The interface is super easy to understand and even total newbies will get the hang of it. If you find electrum to be daunting, this is a great alternative.

3. Atomic Wallet

Pros: Supports hundreds of assets, cryptocurrencies in-app conversion, staking service

Cons: Less intuitive than other wallets, relatively high exchange rates on atomic swaps

Platforms: Mac OS, Windows, Ubuntu, Debian, Fedora, iOS, Android.

If you’re looking for an easy to use wallet to store not only Bitcoin you can take a look at Atomic Wallet. Atomic Wallet is a multi-currency wallet that allows you to store up to 500 different coins and tokens in a single interface.

The wallet also allows you to use Atomic Swaps in order to exchange between certain cryptocurrencies directly from within the wallet without the need for an exchange. For coins that don’t support Atomic Swaps there’s the option to use built in services like Changelly or ShapeShift to conduct trades.

4. ZenGo Wallet

Pros: Highly secure, no private keys required, additional services like buying and swapping coins.

Cons: Limited coin support

Platforms: iOS , Android

ZenGo is offering the world’s first keyless wallet with no tradeoff on security. The wallet secures the private key on the company’s server by applying advanced cryptography measures, saving the users the burden of securing their keys themselves.

The wallet provides additional services such as buying Bitcoin and swapping altcoins, which along with industry-standard fees make ZenGo very friendly for everyday uses. ZenGo currently supports a number of coins, although many of the popular coins aren’t yet available.

5. Edge Wallet

Pros: Beginner friendly, multi currency support, highly secure

Cons: Limited coin support

Platforms: iOS, Android.

Edge is an open-source, multi-currency mobile cryptocurrency wallet. In addition to its excellent security score, Edge is also known for its beginner-friendly features, such as listings of merchants that accept bitcoin, and ways to buy discounted gift cards.

Edge is also known to have partnerships with Bitcoin accepting businesses, which often provides some discount when using the app to make purchases.

6. Coinomi

Pros: Multi-currency support, custom fees, in-app trading

Cons: No longer open source

Platforms: Windows, Mac, Linux, iOS, Android.

Coinomi is the oldest multi-currency wallet around. Coinomi supports over 1,770 different assets which is the widest available support you’ll find from a non-custodial wallet (i.e. a wallet that you’re the sole owner of its private keys).

Coinomi also prides itself in increased privacy. There is no KYC bureaucracy to access your funds, no IP association, no identity linking and no transactions tracking. Coinomi servers anonymize your requests by hiding your IP address from prying eyes.

Coinomi supports Segwit and dynamic and custom Bitcoin network fees.

7. BRD

Pros: Beginner friendly, multi currency support, highly secure

Cons: Supplies very basic features, supports less coins than other wallets

Platforms: iOS, Android

BRD is a simple “bare necessities” non-custodial Bitcoin wallet. This wallet is as easy to use as it gets. There are two primary functions: send & receive.

Additionally, you can use the app to purchase BTC & ETH which will arrive directly to your wallet. Open source code helps make this wallet one of the more secure wallets out there.

9. Blockchain.com Wallet

Pros: Non-custodial, intuitive user interface, trusted and well-established

Cons: Very limited asset support, reports of poor customer service.

Platforms: iOS, Android

The Blockchain.com Wallet is one of the most popular and well-established Bitcoin wallets, existing since way back in 2012. It’s a non-custodial mobile wallet which supports only a handful of major coins and some stablecoins.

Users of the Blockchain.com wallet can buy, sell and store cryptocurrency, as well as swap between cryptocurrencies and earn interest.

The wallet is available in 21+ languages, making it suitable for billions of users around the world.

8. Samourai Wallet

Pros: Top-notch privacy, anti-blacklisting feature for strict platforms

Cons: Only supports Bitcoin, Only available on Android

Platforms: Android, iOS (future)

Samourai is a privacy and security-focused Bitcoin wallet, which aims to keep your transactions and identity hidden. To assist with this, Samourai Wallet incorporates a range of features including a coin mixer, fresh addresses for each transaction, and more.

Samourai Wallet is limited in both asset and platform support, currently available exclusively on Android and only supporting Bitcoin.

10. Frequently Asked Questions

How do I Transfer Money to My Bitcoin Wallet?

1. Open your wallet
2. Find your Bitcoin address (long string of letters and characters that starts with 1 or 3)
3. Send Bitcoin to your wallet address
4. Wait for 3 confirmations (recommended but not necessary)

How do I Transfer Money from My Bitcoin Wallet to My Bank Account?

Banks don’t accept Bitcoin, so you’ll need to sell your Bitcoins for fiat currency (Dollar, Euros, etc.) on a Bitcoin exchange and then withdraw those funds from the exchange to your bank account.

11. Conclusion

There’s no shortage of wallets for Bitcoin and this can sometimes be overwhelming for beginners. If you’re new to Bitcoin, start with Exodus and work your way up. If you feel that you’re pretty technical, you can skip exodus and go straight to Electrum.

In the end, try to suit the wallet to your needs, since each one of the wallets I’ve reviewed here has a different edge.

I’d love to hear about your favorite Bitcoin wallet in the comment section below.

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What is the Best Bitcoin Wallet App?

Table of Contents

If you are searching for what is the best crypto wallet app or what is the best e wallet for cryptocurrency, you have come to the right page. A Bitcoin wallet app is a software application that stores your BTCs. It is easy to use and reliable. You can keep this software on your desktop computer, laptop, mobile, or all of them. As Bitcoins don’t have any physical existence, you can’t store them anywhere except in specialized software such as these cryptocurrency wallets.

In this guide, I’ve handpicked some of the best phone and desktop apps that keep your Bitcoin and other cryptos secure and safe.

Top 5 Best Bitcoin Wallet Apps

Coinbase Crypto Wallet App

Coinbase cryptocurrency wallet helps you to buy, sell, transfer, and store cryptos safely and securely. It offers an offline storage facility, enabling you to securely store a wide array of digital currencies. You can receive support from this platform in over 100 countries.

What’s so Special?

• In addition to storing your digital currencies securely, you can also buy and sell cryptos. This allows you to keep track of all your cryptocurrencies in one place.
• The Coinbase wallet app is available for both iOS and Android devices.
• You can schedule your cryptocurrency trading schedule on a daily/weekly/monthly basis.
• For providing your bought coins maximum safety, this wallet stores your funds in a vault.
• Coinbase is the largest cryptocurrency exchange in the United States.

Binance Chain (BNB) Wallet

Binance, known as one of the best and largest platforms in the cryptocurrency world, offers your Bitcoin wallet facility. It offers you to trade and store over 150 cryptocurrencies. Binance Chain (BNB) Wallet provides you an API, which enables integration of the current trading application.

What’s so Special?

• BNB wallet is one of the safest BTC wallets currently, providing you with a 24/7 support facility.
• This wallet app is compatible with a wide range of platforms including desktop computers, web, iOS, and Android.
• This platform, known as one of the major crypto trading platforms in the world, offers its users both basic and advanced exchange interfaces for trading.
• Around 1.2 billion daily trading volumes and over 1,400,000 transactions per second take place on the Binance exchange.
• A wide array of tools are offered by the platform for online trading.

Trezor Wallet

This is one of the most secure offline wallet apps available currently. You can easily plug this hardware wallet with your smartphone, desktop, and laptop computers by using a USB port. The random generation of pin code helps in keeping your device secure and safe.

What’s so Special?

• This offline store device provides you with the highest possible security level.
• Support is offered to over 1,000 cryptocurrencies.
• The touchscreen is easy to use.
• Trezor is very simple to use.
• Windows, Mac OS X, and Linux platforms are supported.

BlockFi Wallet

BlockFi is basically a trading platform that helps you to buy, sell, and exchange cryptocurrencies in a hassle-free way. By staking your bought Bitcoin and altcoins, you can earn money with the help of BlockFi. No minimum balance requirement is there for using this site.

What’s so Special?

• It can be accessed with both iOS and Android devices.
• Hassle-free account opening facility.
• No hidden costs associated with trading.
• Trade cryptos with just one click.
• When you sign up with BlockFi and transfer your bought digital currencies to a BlockFi Interest Account, you can earn up to US$250 worth of BTC absolutely free.

PointPay Banking Wallet

It is the first of its kind digital currency banking wallet. It helps you to store over 10 popular digital currencies and also earn daily interest in deposits in cryptos. With PointPay Banking Wallet, a user can earn up to 30% annually.

What’s so Special?

• The facility of storing and earning daily interest on cryptocurrency deposits.
• For receiving a higher rate of interest on your deposits, purchase PointPay tokens (PXP).
• Bitcoin and other digital currencies can be bought and sold easily with Apple Pay, bank transfer, SEPA, debit cards, and credit cards.
• PointPay Banking Wallet enables its users in taking out instant crypto loans.
• You can download the PointPay Banking App on both Android and iOS devices.

Other Best Bitcoin Wallets

Besides these top 5 best BTC wallet apps, there are many other good options available too. Some of them are also given below

• Paxful Wallet
• Bybit Wallet
• Wirex Wallet
• Blockchain Wallet
• Exodus Wallet
• Atomic Wallet

What are the factors that you should look for in a Crypto Wallet?

When choosing a cryptocurrency wallet, you should look for the following factors:

1. Usage: For buying and holding digital coins for the long run, try choosing a hardware wallet app.
2. Two-Factor Authentication (2FA): It verifies the identity of the user while logging into the wallet. Even if a hacker or phisher cracks your password, they would still need the second level of authentication. In most cases, the second level of authentications requires the input of a verification code that is sent to your mobile. Access to the wallet will be granted only when both these two levels are done successfully. This makes those crypto wallets highly secure.
3. Multi-Signature Support: Multi-signature support increases the security of the wallet because it requires multiple keys before access is granted. This is especially helpful in multi-partner businesses. In fact, this facility also prevents one partner from spending/transferring the funds without consulting other partners.

Other factors that you should check are:

• Multi-currency storage facility against single digital currency support
• Availability of QR Code Scanner.
• Backup Option

Choose Cryptocurrency Trading Bots?

Cryptocurrency Trading Robots automatically scan the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.

Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.

NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.

The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.

Cryptocurrency Trading Bots: Reality Check!

Are there any risks associated with Crypto Trading Bots?

Yes, there are certain risks associated with cryptocurrency trading bots. Let’s check them out:

Cryptocurrency Trading Bots are not Human

They are AI algorithms, which involve lines of codes and machine learning. After all, it’s a computer program. As an investor, you must be aware of this fact. When you are going for autopilot, you must know that you are allowing an AI machine learning tool to handle your crypto exchange account. Therefore, you should use an automated trading bot accordingly.

Cryptocurrency Robots is not a “Sell it and Forget It” type of Trading Instrument

Usually, it has been seen that investors tend to put crypto bots on autopilot and forget. They get passive. However, to get the best return, always remain on top of affairs. You must tweak bots as per the market condition, which usually changes multiple times in a day.

Online Hacking may take place just like any other Online Resource

Online hackers may hack into your account to siphon off your Bitcoin and other cryptocurrencies. So, always try to keep funds divided among various cryptocurrency exchanges for limiting your exposure to hacking risks.

All Cryptocurrency Robots are not the Same

All crypto bots are not reliable. So, you must be prudent while choosing the right crypto trading platform. Always do proper research while choosing a crypto bot. It is advised to work only with reputed crypto bot providers and exchanges such as NapBots.

Is there any Risk associated with NapBots?

Though NapBots has a proven record of providing great returns to investors, it doesn’t guarantee profit all the time. It can provide you astonishing returns with hourly strategies. As the crypto market is very volatile, you should expect to see losses from time to time too. If you’re not ready for that, you shouldn’t get into crypto trading in the first place.

If you are a novice in the cryptocurrency market, you can put your cryptocurrency trading on autopilot, get excellent ROI, and keep earning your passive income round the clock, even when you are sleeping. However, always keep in mind that NapBots is not a get-rich-quick scheme. Please check the Reviews on NapBots.

What’s so special about NapBots?

NapBots crypto trading software is special because it comes with:

• A unique trading algorithm that processes market data for you
• A unique crypto trading bot library so that you can create your own mix of trading strategies
• Autopilot mode that enables you to automate trading 24×7
• An easy-to-use interface so that you can copy the proven strategies of NapBots to make successful trades and make money

How does NapBots help you to Make Money?

With NapBots, you can enjoy financial independence by trading cryptocurrencies on autopilot mode and earn money automatically. To make it work on your behalf, you have to do the following:

Step #1: Connect to one of the available trust exchanges.

Step #2: Select from the unique list of performing Bots of NapBots

Step #3: Choose a plan that suits your investment style

Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!

Why Choose NapBots?

NapBots offers complete trading automation solutions through the use of its own tested trading strategies; offering quantitative trading strategies previously reserved for hedge funds to the public.

The setup and installation process are easy. So, the non-experts can also use it. The simple and special approach of NapBots helps it provide you with excellent ROI. To know more, please check “Napbots Review – Simple Way To Increase Your Crypto Returns”.

The team of professionals behind NapBots has extensive experience in the financial market. They have put their years of experience in place so that you can easily automate the management of your funds with no technical skills. This service can run 24/7 and work as your passive source of revenue even when you sleep.

Our pricing is simple and there are no setup fees. 7 days free trial is also available.

Are You Ready To Start Automating Your Passive Income Now?

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