Bitcoins are the Future Currency. But, for doing a legal transaction with this Cryptocurrency you need a Bitcoin Wallets. A Bitcoin wallet is the first step to using Bitcoin. With a wallet, you can’t receive, store, or spend bitcoins. Wallets secure funds by guarding our private keys.
A Bitcoin wallet is simply an app, website, or device that manages Bitcoin private keys for you. These wallets contain private keys and secret codes that allow you to spend your bitcoins. These private keys act as the proof of ownership for our Bitcoins. As such, a Bitcoin wallet is a key to your safe deposit box on the Blockchain.
Types of Bitcoin Wallets
The two most important types of bitcoin wallets are software and hardware wallets, but there are other types as well. Here is the list of all the available wallet types for Bitcoins.
- Software Wallet
- Hardware Wallets
- Paper Wallets
- Online Wallets
In this article, I will only give the detailed information about Hardware and Software Wallets as they are more famous in today’s market.
Best Hardware Bitcoin Wallets
A hardware wallet is a physical electronic device, built for the sole purpose of securing bitcoins. It doesn’t store the bitcoins but gives you secure access to managing your bitcoin software wallets. Here are the 5 best Hardware Wallets for providing the better security to your Bitcoin. The hardware wallets keep private keys separate from vulnerable, internet-connected devices. Now, check out the list of the best Hardware Wallets for your Bitcoins.
1. Ledger Nano S
Ledger Nano S is a Bitcoin, Ethereum, and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It is a USB device which connects to any computer and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.
When you own cryptocurrencies, you need to protect your confidential data and the access to your funds. This hardware wallet based on a dual chip architecture (ST31/STM32, Certification level: CC EAL5+). You can access your accounts by requiring a 4 digit PIN code each time it is plugged into your computer. This is considered as the best hardware wallet for Bitcoins.
To provide you the best security for Bitcoin Transactions, the TREZOR hardware bitcoin wallet brings peace of mind. Besides your unprotected your computer or internet connection, the TREZOR will never expose the private keys and gives you the best security for your Bitcoins.
Trezor is windows, OS X and Linux friendly. All you need to do is to connect your Trezor to the computer and follow the instructions. Trezor uses state of the art cryptographic algorithms and practices, but you don’t have to read long manuals or to be a crypto-expert in order to use them properly. This one is a bit expensive but the best for both, beginners and expert bitcoin wallet handlers. You can trust on this device for keeping your Bitcoins safe.
KeepKey is the Hardware Bitcoin Wallet that stores and secures your bitcoins. Using this device is safe and each and every bitcoin transaction you make must be reviewed and approved via its OLED display and confirmation button. While using this Hardware Bitcoin Wallet, it’s nearly impossible for virtual attackers like malware or viruses to steal your valuable bitcoins.
KeepKey works with the bitcoin wallet software on your computer by taking over the management of private key generation, private key storage, and transaction signing. It is the PIN Protected device which only works if the correct pin is entered, and it useless even if it falls into the wrong hands.
Opendime is a small USB stick that allows you to spend Bitcoin like a dollar bill. You can easily connect this device to your computer via USB and check the balance instantly. This is the first Bitcoin Stick. It is a USB stick that enables easy transactions with bitcoins. This Bitcoin Hardware Wallet will work fine with all the computer and OS.
Integrated with all the safety features to keep your Bitcoin safe, this device is worth buying. You can easily buy it from Amazon. For buying, click the buy now button below.
So, these are the four best Bitcoin Hardware Wallets which you can buy from the Amazon. The link is provided after the description of each product. These are the best selling hardware wallets which you can trust for keeping your valuable Bitcoins safe and secure.
Best Software Wallets
The Software Wallets are basically meant for Desktop and Mobile OS. This includes various wallets for Windows, Android, iOS, and other OS. Here is the list of the four best Software Wallets which you can download for the safe transaction of your Bitcoin.
This software provides a comprehensive chart to help you manage every cryptocurrency you deal with. It also comes with an inbuilt exchange to help instant trade among these cryptocurrencies. The limitation of this software is that it is only available on the desktop.
Electrum is a lightweight Bitcoin wallet for Mac, Linux, and Windows. Electrum was created in November 2011. The main features of Electrum are, it support for hardware wallets (such as TREZOR, Ledger Nano, and KeepKey), and secure Bitcoin storage using an offline computer. Electrum is a good option for both beginners and advanced users.
Electrum is fast because it uses servers that index the Bitcoin blockchain. You can export your private keys and use them in other Bitcoin clients. The best thing about this wallet is that you can easily split the permission to spend your coins between several wallets.
The Green Address is the most popular bitcoin software wallets among both, new and old users. It helps with online transactions, in-app management, and also helps deal with desktop clients. Provided with the user-friendly interface, you can easily check your balance and transactions from public Wi-Fi also.
Also, you can quickly receive funds and check balance without full access to your wallet. P2SH allows people you interact with to handle transactions to and from GreenAddress’ wallets transparently. The second signature feature will enforce 2 factor authenticated payments and daily, weekly and monthly limits, rate limiting your transactions per hour, day, week and month and make your payment instant by providing a double spend checks with GreenAddress
Airbitz is easy to use Bitcoin wallet for iPhone and Android. It has a secure backup and the assurance of security against third parties because it is an independent app. For this, it has automatic client-side encryption which ensures bitcoin keys are always encrypted and protected from malware.
This is all for this article. Hope you will choose the best wallet for keeping your Bitcoin safe. If you want to suggest some more trusted Bitcoin Wallets, comment below. Also, for any queries, you can contact us. We will definitely look after it and try to solve it.
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