One of the most important things, when you start investing in cryptocurrencies, is to determine how you will store them and keep them safe. Security is one of the main factors to consider when choosing a crypto wallet, along with some other features like flexibility in conversions, speed of transactions, and more.
Blockchain technology represents one of the most secure systems today. However, there were some serious issues related to big exchanges where hackers managed to steal crypto that is worth millions of dollars. The developers of crypto wallets are constantly updating the software and providing platforms with higher security.
According to experts, the best option is an offline wallet since there is no chance for any sort of cyber threat. On the other hand, online platforms provide convenience, and there are some advanced options with proper security layers. Here are some of the best options where you can store your Bitcoin.
One of the main features of this BTC wallet is that it provides flexibility to users since it supports around 20 other options. That can be very important for traders who prefer converting from one crypto to another more often.
Also, the wallet is free, and you can connect a credit card with it. You can create an account on Crypterium in less than a minute. Moreover, the interface is quite simple, and even a beginner will easily handle options like buying, sending, cashing out, converting, and other processes.
2. Ledger Nano X
If you are using online reviews as the main factor when you are looking for a reliable BTC wallet, you will find a lot of positive comments about Ledger Nano X. The most important feature is high security. Also, there is a wide selection of cryptocurrencies available besides Bitcoin.
The connectivity is also perfect, and you can use Bluetooth or USB. Besides that, there is a mobile app that makes it much easier when it comes to trading. Another advantage is that you can keep over 1,500 different types of coins and tokens in one wallet.
This company is one of the most popular online crypto exchanges today. As we already mentioned, keeping your crypto on an online wallet is not as secure as an offline model. Still, Coinbase is a well-known company that provides strong security layers, and chances for any sort of inconvenience are very low.
Even though this is not a standard crypto wallet, you can keep your assets on the platform and trade much faster that way. This option is especially good for beginners since you can learn more about trading. The only downside to know about is that the fees are slightly higher when compared to other platforms.
Trezor is perfect for people who are not familiar with the whole process of investing and selling crypto on the market. You finish with the registration in less than 10 minutes and start trading. On the other hand, there is decent security since the wallet will require a confirmation key each time you want to use it.
Also, there is a special code that you can use to recover the data in case you lose your crypto-wallet. This is an excellent solution, especially because there were some cases where people have lost millions because they lost the wallet or forgot the key.
If you are interested in a digital e-wallet because of the convenience it can provide, one of the best options is to use Exodus. You can use it on both desktop and mobile devices. The flexibility is decent, with around 100 available coins.
Furthermore, the advanced interface will help you to track recent changes on the market and help you make the right decision at the right time. On the other side, make sure that the device where you are using this option is secure since Exodus lacks some advanced security features, like 2FA.
SoFi is a platform similar to Coinbase, where you can keep your assets online. The main advantage is that you can combine different investments, not only with cryptocurrencies. Still, you should know that the security is lower. The downside is that there is no option to send or receive crypto from other e-wallets. Therefore, it can be useful only for people who are already active in the stock market.
Mycelium is the best solution when you want to use an online platform and connect it to your offline storage. Also, the trading is quite simple, and you can connect e-wallets like Ledger and Trezor. When it comes to security, the benefit of Mycelium is that you can create a backup, which can save your funds in the case that you lose your e-wallet. Besides that, it is free, you can set the fees for transactions, and has a great interface.
Most people heard about Robinhood when there was an interesting situation related to the values of some stocks like GameStop, Blackberry, Nokia, and more. Small traders managed to organize in a group and make a huge influence on the market. Even though the main focus of this platform is on stocks, you can invest in some cryptocurrencies as well. This is not a standard wallet, but you can keep the assets on your account.
It depends on your preferences when you are looking for a crypto wallet. If you are looking for advanced security, the best solution is to use Trezor. On the other hand, SoFi is a much better solution for beginners, while Mycelium is for those interested in having both online and offline storage. You should consider your actions as well.
If you want to hold Bitcoin, offline storage is the best way to keep your funds secure. On the other hand, if you want to trade more often, you will need a platform where you can easily make payments, buy, or sell your BTC. The additional features can be important as well, such as compatibility with various devices, fees, connectivity, speed of transactions, and more.