While buying and selling Bitcoins are quite a rage these days, one should not overlook the importance of storing the coins in a digital wallet. Bitcoin wallets are software designed to keep your cryptos safe. Since Bitcoins do not have physical existence, they cannot be stored like regular coins in a physical wallet. You will need to store these in reliable, reputed, and secure Bitcoin wallets. Here are the top choices of Bitcoin wallets in 2021:
- Coinbase: This is one of the most reliable wallets when it comes to Bitcoin storage; you can buy, sell, and trade Bitcoins through Coinbase. This platform offers a variety of cryptos and caters to millions of users across 100 countries. You can download the app on both Android and iOS devices for convenience.
- Binance: Binance has always been one of the best Bitcoin wallets around trading 150 and more cryptos. You can access many trading tools on this platform. It is backed by round-the-clock tech support and the platform is compatible with Android, PC, and web clients. Binance provides both basic and advanced API for trades.
- Gemini: This is a completely-regulated crypto exchange that legitimizes cryptos all over the world. It is known for facilitating trades in well-established currencies like Bitcoins, Litecoin, Ethereum, and Bitcoin Cash. Gemini prioritizes security and is an excellent exchange for building your Bitcoins and cryptocurrency portfolios.
- Trezor: This hardware wallet can be conveniently plugged into your phone or computer. You can generate codes randomly to keep your devices secure. Trezor has made a name for itself for offering ultra-secure offline storage. It supports 1000 currencies and comes with an easy-to-use touchscreen. It is compatible with Linux, Mac operating system and Windows.
- Electrum: It is one of the first Bitcoin wallets developed in 2011. It is user-friendly and committed to Bitcoin storage. Electrum can also cater to advanced users with its complex functionalities. It is open-source and you can set customized transaction fees. As a user, you can decide which security level you want to use; so, you can create a standard wallet, multi-signature wallet, or a wallet with two-factor authentication.
- Mycelium: This is a mobile-only, open-source Bitcoin wallet. It supports Bitcoin, ERC-20 tokens, and Ethereum. It is very similar to Electrum except that is it available only for mobile users. Mycelium is known for its refreshing user interface and has a built-in crypto exchange. Users are free to set customized transaction fees while other exciting features include hardware wallet support.
- Blockchain: This is ranked as one of the safest Bitcoin wallets meant for investing as well as storing coins. It allows you to exchange one cryptocurrency for another instantly. You can store the funds in a cold wallet and keep some in the hot wallet for daily transactions. Users have complete control over the wallet and are protected from unauthorized access. The app is downloadable on both iOS and Android devices and the wallet supports both Ethereum and Bitcoin.
- Exodus: It is one of the best Bitcoin wallets out there because it lets you trade a wide range of digital coins. You can manage, secure, and exchange cryptos through a single application. The platform focuses on advanced security measures and allows you to monitor market ups and downs on-the-go. Users can both send and receive cryptos and exchange these through mobile phones, desktop, and hardware wallets.
These are some of the best-known secure Bitcoin wallets. If you can download any of these, you can manage your crypto portfolio and store Bitcoins securely.