For people who find bitcoin wallets and cryptocurrency new; then, a crypto exchange site like Coinbase or Kraken is the best place to save digital currency. But, it is still better if you get your own personal bitcoin wallet. Below are the best bitcoin wallets in 2021 izamza.com will show you.
Keep reading to learn about them and eventually pick at least one wallet.
5 Best Bitcoin Wallets in 2021
1/ Ledger Nano X
Standing at the first position on the list without any doubt is The Ledger Nano X. This is the great crypto wallet with high-spec security features, supporting more crypto coins than you can think.
This is a hardware wallet (aka “cold wallet” for offline storage) that connects to your device by a USB port or Bluetooth, offering you various alternatives.
The Ledger Nano X has a huge screen and can contain up to 100 programs, making it ideal for advanced bitcoin and crypto enthusiasts.
- 1,500+ cryptocurrencies supported
- High-security cold wallet
- Intuitive design
- Mobile- & desktop-friendly
- Limited wallet storage
2/ Trezor Model T
If you are a beginner looking to bitcoin in large amounts that require decent security, the Trezor Model T is the perfect cold wallet you should keep in mind./
Only take a total of 10-15 minutes to complete the process, the process of setting up this cold storage wallet lasts easily. Because this wallet is open source, the code running the device can be checked by third-party users regularly, making it easier for the crypto community to find bugs and mistakes that can be fixed quickly.
Furthermore, this wallet also comes with a large touch screen, leading to a great look.
- Unlimited wallet storage
- Touch-screen interface
- 1,600+ cryptocurrencies supported
- Supports micro-SD cards
- Minor security flaws
3. Ledger Nano S
The Ledger Nano S is still one of the top hardware wallets you can consider to buy. Compared to the Nano X, this wallet is slightly smaller and cheaper.
The Ledger Nano S has capable of saving an huge amount of cryptocurrency in a safe, offline manner. Due to a cold storage wallet, this makes the device incredibly hard to steal.
Staking is supported, and you can set a PIN number and 20-word recovery seed in case your Nano S is stolen or damaged.
- 1,500+ cryptocurrency coins supported
- PIN & 20-word recovery seed
- Staking supported
- Cold storage offline wallet
- Limited to 18 applications
- Not ideal for beginners
4. Best Online Wallet For Cryptocurrency Beginners – Exodus
Exodus is one of the many online software wallets for people who are new to bitcoin. Exodus is completely free and non-custodial. So, this allows you to access bitcoin quickly, easily as well as on the go.
Including a built-in cryptocurrency exchange with over 100 coins, Exodus allows users to trade and make bitcoin transactions within the software itself.
Though Exodus is prone to virus (as are all hot wallets), it’s still among the best cryptocurrency solutions for beginners.
- Very easy to use
- 24/7 live chat support
- Mobile- & desktop-compatible
- 100+ cryptocurrencies supported
- Vulnerable to malware
- No open source code
5. Mycelium – Best Free Bitcoin Wallet
Allowing you to store many popular digital currencies on your smartphone, Mycelium deserves a hot wallet based online. The UI of the device is really easy to follow. Additionally, Mycelium comes with a built-in cryptocurrency exchange for trading and buying/selling new coins.
Hardware wallet integration options are also available. There are so many ways to set up your security for your bitcoin, as the system is compatible with cold wallets from Trezor and Ledger. Mycelium also allows you to set custom transaction fees, which is another plus for many users.
On the other hand, keep in mind that it’s only available on web-connected mobile platforms, which is not ideal when it comes to security. But, for storing smaller amounts of digital currencies easily, this is one of the best free options out there.
- 100% free to use
- Incorporated crypto exchange
- Good intuitive UI
- Set custom transaction fees
- Mobile only
- Not very beginner-friendly
FAQs of Best Bitcoin Wallets
1. What Is a Bitcoin Wallet?
A bitcoin wallet is a computer program that sends and receives bitcoin, as well as other types of cryptocurrency.
A cryptocurrency wallet also can be used to monitor your bitcoin balance, and some also have built-in cryptocurrency exchanges allowing you to make trades with bitcoin and other forms of digital currency.
Exchange websites like Kraken and Coinbase have built-in wallets for your money, but you’re better off having your own private bitcoin wallet for additional security.
2. Are All Bitcoin Wallets the Same?
No, bitcoin wallets are all very different from each other. Pretty much all crypto wallets can be divided into two categories: hot wallets and cold wallets.
3. How Do Bitcoin Wallets Work?
A bitcoin wallet works by communicating with the blockchain – the global ledger of bitcoin transactions that is used to power bitcoin trades all over the world.
Using a private key (essentially a super-long password) and a bitcoin address (similar to an email address), a bitcoin wallet facilitate bitcoin transactions over the blockchain and into your private wallet.
It’s an essentially highly encrypted and difficult-to-hack method for storing and receiving cryptocurrency around the world.
4. Which Is the Best Bitcoin Wallet to use?
Depends on your needs and what cryptocurrency you’re trading, you can figure out which the best is.
- Use Ledger Nano X to keep large amounts of money safe
- Trezor Model T is good for an easy-to-use high-security system
- For everyday transactions with small amounts of bitcoin, we’d use Exodus
This article on Izamza.com introduced you 5 best bitcoin wallets in 2021. We hope that with our help, you can find the perfect bitcoin wallet meeting your standard.