Finances

The Best Crypto Wallets for Storing Bitcoin 

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Written by Quentin Hack

Digital currencies have become one of the most attractive targets of many investors. Even people with a lack of investing experience are willing to learn more about them. Because of that, the price of many of them has significantly grown in the last couple of years.

Still, we must not neglect that they are not 100% safe. We can use Bitcoin as an example. The beginning of this year was ideal for all the Bitcoin owners. Its value started to grow a lot, but it suddenly went down. Fortunately, things have back to normal in the last couple of months once again.

The turbulent price changes only confirm that you need to improve your knowledge and skills. Being a good crypto investor means that you need to put into consideration all the changes in the world that could positively or negatively influence the price of one BTC.

But, before you reach that level of professionalism, there are a lot more pieces of information you need to collect. One of the things you need to take care of is finding the best possible crypto wallet.

We completely understand the problem you have. A bunch of ads will appear on your social media accounts, and their purpose is to convince you that a particular crypto wallet is best for you. Instead of checking the ads, you should objectively put into consideration all the wallets that are available to you.

Fortunately, you have just opened a helpful article where you will manage to find out more about the best crypto wallets for storing Bitcoin. After reading our mini-reviews, we will let you decide which one is best for your needs.

Let’s get started!

Crypterium

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For those that do not know, Crypterium is a free wallet for Bitcoin. However, it is also a perfect solution for those investors that want to work with Ethereum, Ripple, Bitcoin Cash, and others. Moreover, you will manage to store 20 different cryptos in a single wallet. Doesn’t that seem like a good opportunity?

Generally speaking, using this crypto wallet is extremely easy. You will not need more than 1 minute to create the wallet by going through a couple of easy stages. After that, you will easily connect the wallet with your bank card or get a VISA card that you can order directly through this platform.

There is one feature that makes Crypterium different from others. With all the services that crypto wallet offers, you will also get access to AI crypterium price predictions. Believe it or not, the software that a wallet uses generates more than 200 factors that will give you hints on when you should sell or purchase particular digital currencies. So far, it is confirmed that the accuracy rate of the program is around 93%.

To conclude, Crypterium is perfect for beginners that are making the first steps in the crypto world. If you are one of them, then this crypto wallet certainly deserves your attention.

Exodus

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We will continue in the same manner by analyzing another crypto wallet perfect for a beginner. Using this wallet is possible in two different ways. You can enjoy both, desktop and mobile versions. The interface of the wallet is extremely simple, and you do not have to be a genius to realize how to use it.

The feature worth mentioning is the ability to swap different cryptocurrencies. Believe it or not, all the users of this waller will get access to swaps of more than 100 digital currencies.

The customer support of the Exodus is another thing worth mentioning. As a beginner, we are pretty sure you will have a bunch of questions. Fortunately, there is someone who will answer you in all parts of the day.

Electrum – For Experienced Investors

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Electrum may not meet the requirements and expectations of all beginners. It is one of the original crypto wallets that exists since 2011. Users that are using the features of this wallet can confirm that not many things have changed since then. But, that doesn’t mean the wallet itself is out of date. On the contrary, its features are amazing!

For starters, something you should know is that Electrum is an open-source crypto wallet. That means it gives you the freedom to set up the transaction costs on your own. Despite that, you will also have the right to determine the level of security on your own. Some people will decide on using 2-factor authentication while others will rather decide on multi-signature wallets. The way you trade BTC will tell you which options suit you the most.

To conclude, if a high level of security and flexibility are two features you are looking for, Electrum can be a good option.

Ledger Nano X

Img source: ledger.com

Ledger is actually a company with headquarters in France. Currently, Ledger Nano X is the second generation of the crypto wallets that this company released. The first one is Ledger Nano S (an attractive option as well).

Anyway, speaking of Nano X, the first requirement it has is to possess a USB drive. You will manage to connect your wallet to your device via USB or Bluetooth. In other words, if you are a big fan of mobile wallets, this option will probably seem attractive. There is no need to use the computer at all.

Despite Bitcoin, people will get the chance to store more than 1800 digital currencies. There is a big chance the number on that list will grow soon.

Keep in mind that Nano X is a cold storage hardware wallet. However, thanks to the developers that work for the Franch company, you now have the option to use Ledge Live software as well. That means you will manage to add a bunch of new wallets for each crypto that you use on the same device. That way, managing the portfolios is going to be much easier.

Final Thought

As mentioned, the purpose of this article is not to promote a crypto wallet. We only highlighted some of the most popular ones that come with some amazing features. Generally speaking, you should chase those crypto wallets that ensure a high level of security and flexibility. Read reviews like these ones, talk with people in the crypto world, and, when you gain all the necessary information, make the final decision.

About the author

Quentin Hack