It was believed cryptocurrency is something everyone forgot about it. It was believed cryptocurrency was so last year, and there’s no place for it in the year 2021. But the truth is people owning Bitcoin, or other cryptocurrencies are one step ahead of those users who didn’t take the Bitcoin theme seriously.
Those owning Bitcoin and other cryptocurrencies know it’s essential to find decent Bitcoin wallets to keep their currencies there. Such hardware wallets allow users to keep all their private keys in safety on their PC or mobile phones, so only users have access to them, and only they can control them.
We know it may be hard to find the best Bitcoin wallets as there are many of them on the Web. That’s why we decided to check all these wallets and make a list of those we find best of the best. Below you can find these best Bitcoin wallets we’d definitely recommend to our friends. Read descriptions carefully, and choose the one cryptocurrency wallet meeting your demands the most.
For those having no time or desire to read the characteristics of crypto wallets, we made a video with all the necessary information you need to know. Check it and share it with others.
Types of Bitcoin Wallets
For starters, we need to warn newbies there are several types of cryptocurrency wallets on the market. If you have small amounts of Bitcoin or any other cryptocurrency, take a closer look at software wallets among professional users, more known as “hot wallets.” These crypto wallets are less secure than hardware wallets and way easier to use, but if you’re just beginning your journey into the cryptocurrency world, they will meet your demands more than enough. Keep in mind these hot wallets are connected to the internet, so ensure you don’t keep big amounts of cryptocurrencies in there as it might be dangerous. The cost for this might be too high (and we’re sure you don’t want to pay this cost).
Having big amounts of Bitcoin or any other cryptocurrencies, keep them in cold wallets, known in the crypto space as hardware wallets or paper wallets. Such cold wallets (like, for example, a paper wallet) are called cold because they aren’t connected to the internet, meaning the storage of cryptos in such hardware wallets will be as safe as possible. It also means no one but you will know about your internal and external proceedings or crypto exchanges.
If you’re a beginner in Bitcoin and any other cryptocurrency sphere, and you want to get the most out of it, check the video explaining the main difference between basic cryptocurrency wallets.
How to Work with Crypto Wallets
At first, let’s find out how to deliver your money to your hardware wallet. Spoiler: it’s easier than you might think.
How to Deliver Money to Your Hardware Wallet
- Open your wallet
- Identify a unique Bitcoin address (it has many characters and letters and usually starts with 1 or 3)
- Forward Bitcoin to this address
- Wait until you receive three confirmations (it’s not mandatory but highly advisable)
Once you have money in your wallet, you can utilize its services to the maximum. When you finally have money in your wallet, you need to transfer it to your bank account. How can you do it?
How to Withdraw Money from a Crypto Wallet to Your Bank Account
As no bank accepts Bitcoin, you need to exchange your Bitcoin on fiat currency (such as Euros, Dollar, and others) on a Bitcoin exchange. Only after you exchange them can you withdraw your money from this exchange and transfer them to your bank account. Such bank transfer is legal so have no worries about that.
Best Bitcoin Wallets On The Web
Before we move to the descriptions of the best Bitcoin wallets on the market, we can say the perfect cryptocurrency wallet for beginners is Exodus. This Bitcoin wallet is easy to use and has the most comfortable coin support.
Some comfortable and safe hardware wallets (or cold wallets, in other words) that can be called the best on the market are:
- Exodus (supports coins starting from 124)
- Atomic Wallet (supports coins starting from 500)
- Zengo (supports coins starting from 26)
- Edge (supports coins starting from 31)
1. Edge Wallet
Platforms: Android, iOS.
Pros: high level of security, supports various currencies, perfect for beginners
Cons: coin support with limitations
Edge is the Bitcoin wallet perfect for beginners who have small amounts of Bitcoin. By using this Bitcoin wallet, users get the opportunity to know the main traders accepting coins, and they receive the data on how to purchase discounted gift cards, as well. You can keep this wallet as cold storage for various types of cryptocurrency, as this app is considered to be multi-currency and open-source.
Also, Edge is a partner to major Bitcoin-accepting businesses, meaning the ones using the wallet get the opportunity to receive a discount while purchasing anything in the app.
2. Blockchain.com Wallet
Platforms: Android, iOS.
Pros: comfortable interface, non-custodial, well-established, and reliable
Cons: poor customer service, asset support with limitations
The Blockchain.com Wallet is one of the most popular Bitcoin wallets on the market. Users all over the world have the opportunity to utilize this wallet as it comes in 21+ languages. Download it on your device, store your cryptocurrency there, and be sure no one but you will have admission to it (as no one will be able to know your IP and hack your device anyhow). Billions of people trust their currencies and private keys to this app, perfect both for beginners and advanced Bitcoin keepers.
Utilizing this hardware wallet, you can earn interest and exchange cryptocurrencies there. You can sell, buy, and store your Bitcoin there, as well, as this non-custodial wallet is the perfect trading platform.
Unfortunately, you can exchange and store only some major cryptocurrencies in this hardware wallet and only some stablecoins.
3. Atomic Wallet
Platforms: Android, iOS, Windows, Mac OS, Debian, Ubuntu, Fedora.
Pros: opportunity to converse cryptocurrencies inside the hardware wallet, reliable staking service, supporting hundreds of assets
Cons: high exchange rate for atomic swaps, interface less intuitively understandable than other wallets have
If you’re a beginner in the cryptocurrency sphere, and you want to find an easy-in-use wallet, then take a closer look at Atomic Wallet. Atomic Wallet is considered a multi-currency wallet meaning you can store up to 500 various tokens, coins, and private keys just in one app.
Also, you can utilize Atomic Swaps in this wallet, meaning you’re able to exchange between cryptocurrencies without leaving the app. If your coins don’t support Atomic Swaps, there’s an option to utilize such built-in services like ShapeShift or Changelly to perform transactions (with low transaction taxes). Download this crypto wallet on your device, have access to your coins, store, exchange, and manage your crypto funds whenever you need them. Millions of people keep their coins in this cold storage, and you can become one of them.
Read Detailed Description
Platforms: iOS, Android, macOS, Windows, Linux.
Pros: support various currencies, great hardware wallet support for users, a high level of security
Cons: a complicated process of loading and purchasing currency, not suitable for beginners
There are two models of Ledger hardware wallets presented on the market: Ledger Nano X and Ledger Nano S. The Ledger Nano S is a basic model of the hardware wallet and supports about 27 currencies. In contrast, Ledger Nano X can support up to 100 currencies and operations at a time. That’s because Ledger Nano X is an updated version of the wallet, and its cost is higher than the cost of the previous model. But that’s reasonable.
This wallet (both models, Ledger Nano S and Ledger Nano X) has two-factor authentication (2FA) and allows you to utilize it through a USB device (which is comfortable).
Platforms: macOS X, Windows, Linux, Android.
Pros: supports more than 1,000 currencies, highly secure storage, has a touchscreen
Cons: may be hard for beginners
TREZOR is the well-known model of offline wallets with two main models: TREZOR One and TREZOR Model T. TREZOR One is the basic model with multi-factor authentication and supports more than 1,000 coins. In turn, TREZOR Model T is a premium version of this software with a touchscreen and a more comfortable interface.
To use TREZOR One and TREZOR Model T, you need to plug these devices into your PC or mobile phone and set it up following the instructions. Keep in mind, it’s better never to lose your TREZOR devices or recovery data (such as passwords and keywords), or you risk staying without anything, as their security system is quite severe. With the TREZOR’s assistance, you can monitor market movements and know when it’s better to store Bitcoin and when their exchange is the best idea.
Platforms: Linux, macOS, Windows.
Pros: a high level of security, easy to use
Cons: not suitable for beginners
Electrum is another wallet that is perfect for investors and advanced Bitcoin keepers. Beginners just joining the crypto sphere may get lost in the Electrum interface, and lose not only their coins but nerves, as well. Nothing has really changed since the time Electrum was created.
Unfortunately, you can’t trade or exchange currencies in Electrum, as you can only keep your coins there. But you can purchase and store Bitcoin on any exchange and transfer them to Electrum afterward.
Platforms: Android, iOS, Windows, macOS.
Pros: good for beginners, lack of transaction cost
Cons: supports a limited amount of currencies
Robinhood is one more free wallet for the opportunity to keep and trade your coins, but without the opportunity to withdraw these coins from this wallet or to add coins from another wallet. The good point about Robinhood wallet is you don’t need to pay for using it. There are no commissions, and you just need to download it on your mobile phone or PC. You can sell, purchase, and keep Bitcoin in this wallet (and six other currencies, as well).
Platforms: iOS, Android.
Pros: offline (cold) storage, free for starting, great functionality
Cons: not suitable for beginners
Mycelium is a well-known wallet perfect for those having some trading experience with such currency as Bitcoin, Litecoin, and others. People wanting to keep their coins in a safe place need to choose Mycelium as this wallet has cold offline storage, meaning only people with a password can know private keys and manage funds in the software. Utilizing Mycelium, you can send, receive, trade, and do anything with your coins using just your smartphone. When you first download it, it’s free, and it’s good as you can check it and decide whether it suits you or not.
Platforms: Linux, Android, iOS, Windows, Mac OS.
Pros: DeFi integrations, good customer support, intuitively understandable interface
Cons: not open source, coin support with limitations
If you’re a newbie in cryptocurrency, the best Bitcoin wallet for you is Exodus. Exodus, as one of the best crypto wallets on the market, has everything you need to store and exchange your coins and perform various transactions in safe conditions. It was created in 2016, and since that time proved to be reliable enough. It supports such cryptocurrencies as Dash, Litecoin, Ethereum, Bitcoin Cash, and others from your cryptocurrency portfolio.
Although, the Exodus Exodus platform has one essential disadvantage. This Bitcoin wallet isn’t open source meaning its developers have the opportunity to put malware in the wallet, and you won’t know about it. Let’s be honest. That doesn’t inspire confidence in those wishing to manage their crypto funds in the wallet. But anyway, we recommend everyone to keep as many coins and tokens as they aren’t afraid to lose as it can happen anyhow, and in any reliable apps (no matter if you utilize them on your PC or mobile device).
10. ZenGo Wallet
Platforms: Android, iOS.
Pros: no need to have private keys, high level of security, opportunity to exchange and purchase coins
Cons: coin support with limitations
ZenGo is perfect for everyday use with its easy verification and keyless system without a tradeoff on security. It means you don’t need to worry about securing your keys on your own, as this Bitcoin wallet will do this for you by utilizing modern cryptography measures. Download this hardware wallet on your device, and be sure your funds will be under reliable protection.
Utilizing this wallet, you have the opportunity to buy Bitcoin and exchange altcoins additionally to storing and exchanging cryptocurrencies. Though many of the popular coins aren’t available in the wallet yet, you can use this wallet as storage for those this wallet supports.
Platforms: iOS, Android.
Pros: supports various currencies, perfect for new users, high level of security
Cons: supports limited types of coins, has only basic features
BRD is considered to be one of the comfortable non-custodial Bitcoin wallets on the Web. This cryptocurrency wallet has only two functions: receive and save. If you’re a beginner in cryptocurrency, it’s more than enough.
This Bitcoin wallet is open-source, meaning your funds will be in safety as software developers won’t have the opportunity to insert any malware in the wallet (and you’ll be the only person having access to them). You can use it as the main storage for your tokens and coins. You can purchase BTC & ETH in this wallet, as well.
Platforms: Linux, Android, iOS, Mac, Windows.
Pros: supports various cryptocurrencies, the opportunity to trade in the wallet, custom fees
Cons: not open source
Coinomi, being the oldest hardware wallets on the market, is also one of the most private ones. It hides your IP address from others and makes it impossible for others to know your requests (and protects your privacy rights by doing this). Coinomi has no IP association, no tracking of transactions, no KYC bureaucracy, no identity linking, and easy authentication for its users.
This Bitcoin wallet supports more than 1,770 various assets that aren’t common for Bitcoin non-custodial wallets, and if a wallet is non-custodial, it means it has only one owner. Only that person has admission to his or her private keys.
Coinomi also supports dynamical Bitcoin network fees and Segwit.
13. Samourai Wallet
Platforms: iOS (in the future), Android.
Pros: anti-blacklisting feature, the privacy of superior quality
Cons: available only on Android, supports just Bitcoin and no other cryptocurrency
Although Samourai Wallet supports only Bitcoin (and no other cryptocurrency) and available only on the Android platform, it is known as the Bitcoin wallet, caring the most about the privacy of its users. For this, software developers of the Samourai cryptocurrency wallet incorporated in the software such security features as new addresses for all transactions, a coin mixer, and others. It means by downloading this software on your device, you can be sure your assets will be in safety, and you’ll be the only person having control over them.
As there are too many hot wallets on the Web, choose the one meeting your interests and demands the most. You can use the trial period of each wallet to find the best for yourself.
In case you don’t want to spend time on this, and you’re a beginner in crypto wallets, consider using Exodus as it’s perfect for newbies. If you think you’re much more than just a beginner, you can try utilizing Electrum instead. Check both apps to find out which suits your requirements the mosts.
What is the best crypto wallet app?
As you might understand, this is very subjective, but we, as advanced users of such apps, can recommend Atomic Wallet. There are some reasons why we prefer this wallet to others: its availability on various platforms (meaning more people have an admission to it), the opportunity to exchange currencies inside the software without leaving it, supports big amounts of various assets, and other essential features only this software has.
How do I get a crypto wallet?
For starters, you need to choose the wallet supporting your platform. Once you find this suitable wallet, download it on your device (PC or mobile phone). Then, you need to customize it for yourself. For this, you have to set a personal password and make sure only you know it. Also, set up a private key to have solo accessing to your crypto funds. Once you do this, create a new wallet address, and examine the interface of the software. If you like the features and the interface, keep your coins in this wallet.
Is Coinbase Wallet app safe?
As it was already mentioned, no wallets can be 100% safe, as any malware inserted in this trading platform (by its developers or random hackers) can violate your privacy and even leave you without money at all. But still, Coinbase is considered to be one of the most secure and trusted wallets on the market. Almost 99% of its assets are stored in cold storage, meaning only their owners have access to them, and the risks of hacking are extremely low. Only 1% is stored in hot storage (it means they’re being posted online), but they are insured in case of any emergencies.
Which crypto wallet has the lowest fees?
There are several wallets with low transaction fees considered the best Bitcoin wallets on the market. Some of them are Bitcoin Core, MultiBit, Armory, Mycelium Wallet, Ledger (both models Ledger Nano S and Ledger Nano X), Wirex, Xapo, BlockChain, TREZOR (both TREZOR One and TREZOR Model T Bitcoin wallet), and others. Bitcoin Core is considered to be the wallet with the lowest transaction fees. It supports such platforms as Ubuntu, macOS, Windows, and Linux. Its developers care about the privacy of all your transactions, so you can be sure no hackers will have access to them. Also, Bitcoin Core has a comfortable interface which is also essential for everyone obtaining Bitcoin and wanting to keep them in a safe space with such additional bonuses as low fees.