What is the Best and Most Secure Bitcoin Wallet

Storing Bitcoins is just as important as buying or selling Bitcoins. There are different Bitcoin wallet options available but which one is the best and most secure one? Read and find out!

Let’s face it – Bitcoin is hot! Just look at the price 5 years ago and look at its value today. Amazing, right? If you have already bought Bitcoins or you are thinking of buying some, you will probably want to find the best and most secure Bitcoin wallet you can so you can store your investment. Bitcoin wallets are where Bitcoins live.

So, now that we have concluded that Blockchain technology and cryptocurrencies are here to stay, you probably are asking yourself – What is the best and most secure Bitcoin wallet for 2018?

In this article, we are going to present you the most popular Bitcoin wallets, as well as, wallet types:

➢ Coinbase (online exchange)

The online exchanges are less secure than the other methods we are going to present below, however that doesn’t mean that you can’t use them. Coinbase seems to have learned its lesson and currently it is one of the biggest and most popular Bitcoin exchanges in the world. Here, not only you can purchase Bitcoins, but you can also sell them, exchange them and trade them. You can also store your Bitcoins in your own wallet. However, please keep in mind that there are a few risks related to keeping your Bitcoins on the same site where you’ve bought the Bitcoins.

➢ Blockchain.info (online wallet)

Even though online wallets can pose some hacking and security risks, they don’t have the noticeable target on their backs as online exchanges do. Blockchain.info is known as the most popular digital wallet in the world and boasts more than 15 Bitcoin wallets and has supported millions and millions of transactions. Keeping Bitcoins safe is their top priority.

This is a free and popular storage option in the whole Bitcoin community and is one of the most secure and well-respected desktop storage applications out there. It has been launched in 2011 and is available for mobile for Apple users only. CoinSquare is known for its simple user interface and ease of use features, but the reason it is the best Bitcoin wallet is because of its reliability and safety. You, as a user, get to control the private key.

➢ Ledger or Trezor (hardware wallet)

When looking to use hardware wallets for your Bitcoins you know that you have gotten serious. These wallets are without a doubt the best option because of their mobility and safety. All serious Bitcoin investors prefer to use hardware wallets. These wallets are cold storage and cold storage reduces hacking and cybersecurity risk, as well as, eliminates counterparty risk. Counterparty risk refers to the risk of losing all of your Bitcoin investment to the exchange where you purchased your Bitcoin. The downside of these solutions is that they aren’t free. The base model costs around $100, while the fancier models cost $200 and more.

➢ Paper wallets

A paper wallet is a document that contains the information you need to get the Bitcoin private keys. It is usually a piece of paper with a QR code that can be scanned automatically into a software wallet when you want. By storing your Bitcoins offline, you trust no one by yourself and you are the only person who has the information to access and control your Bitcoins.

Now that you know the most popular Bitcoin wallets, you can choose the best one, according to your needs!

 

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