Cryptocurrency has taken the world by storm, offering a currency alternative to the government-backed currencies we all know from daily use. Proponents argue that the digital currencies are easier, safer and offer better privacy than traditional currencies. Because the value of a Bitcoin compared to the U.S. dollar and other currencies has skyrocketed over the last couple of years, it has shown up on some people’s radar as an investment opportunity as well.
Before you put a dollar into Bitcoin or any other cryptocurrency, it is important to understand the risks. Bitcoin could easily double in value over the next few years, but it could just as easily drop to near zero in value. Only put in what you can afford to lose because there is a chance you won’t get it back. If you understand the risks and you’re ready to move forward, any of these best Bitcoin wallets should have you covered.
1 Coinbase: Best Overall:
Coinbase is one of the easiest ways to buy, sell and hold cryptocurrencies, which earns it the first spot on this list. With Coinbase, you can connect to a U.S. bank account and easily transfer dollars in or out of your dollar wallet. You can use those dollars, or transfer in new ones, to buy and sell.
2 Trezor : Best for Security
Trezor isn’t a full buying and selling platform like Other crypto wallet such as Coinbase or Bitstamp. Instead, it is simply a place to store your Bitcoin. Trezor is a physical device that plugs into your computer, tablet or phone to access your coins. The Trezor wallet works with multiple currencies and works as a password manager, two-factor authentication device and other useful features.
3 XcelPay Wallet : Best For Mobile Wallet
XcelPay Wallet is secure crypto wallet and payment gateway, first of its kind wallet which bridges the consumer use-case and merchant payment solution. XcelPay Wallet is one of the easiest ways to SEND, RECIEVE and HOLD cryptocurrencies, which earns it the 3rd spot on top crypto wallet list. With XcelPay Wallet, you can also top-up mobile phones and buy internet data using Bitcoin, Ethereum, Litecoin, Binance and XcelToken Plus (XLAB).
4 Blockchain.info : Best Desktop Wallet
Blockchain is the technology that allows Bitcoin and other digital currencies to exist. Expect to hear more about Blockchain far beyond the digital currency world. Blockchain.info is similar to XcelPay Wallet in that it is an online wallet, but you can’t buy or sell directly through Blockchain, which means your Bitcoin storage is separate from your Bitcoin marketplace.
5. Robinhood : Best Buying & Selling Wallet
Robinhood started as a free stock trading platform and has recently expanded to include support for options and other investments, including cryptocurrencies such as Bitcoin. Robinhood is both a wallet and an exchange, so like Coinbase and XcelPay Wallet everything is in one place. Robinhood is a mobile-first platform and has not even rolled out the Web version to all stock trading customers.