Bitcoin has taken the world by storm ever since the origin. The volatile nature of Bitcoin has made a lot of people rich and to be honest, it is a threat to government-backed traditional currency to a large extent. No doubt that people love digital currency more than fiat currency and it will be no surprise if someday Bitcoin replaces traditional paper currency in the entire world.
According to the experts, digital currencies are safer, easier and offer better privacy compared to traditional currencies. The value of Bitcoin has grown by leaps and bounds in the last few years and has even left behind US dollars and all the currencies.
However, it is also important to understand the risks associated with trading Bitcoin before you go ahead and start trading it. How crypto trading bots work? Once you have understood all the pros and cons related to trading Bitcoin, then you are good to go. However, you should also have a Bitcoin wallet where you can store, receive and trade Bitcoins.
Here are some top Bitcoin wallets to look out for!
Trezor
Security is of the biggest concern when trading Bitcoin. After all, you are trading digital currency online. It is better to keep your wallet safe from hackers. If security matters the most for you while trading Bitcoin, then Trezor is the best wallet to ask for.
Trezor is a Pen-drive like hardware wallet which plugs into your computer, laptop, and phone to gain access to your coins. Trezor is a cold wallet as it remains offline as long it is not connected with any device and thus no one can hack into your wallet. Apart from that, Trezor supports multiple currencies and works as a strong password manager with a 2FA authentication device.
Coinbase
Looking for an all-rounder wallet? You should give a try to coinbase. It is the easiest way to buy, sell and trade Bitcoin. Not just that, Coinbase allows you to connect your account with US Banks and transfer dollars in and out of it. Coinbase supports various cryptocurrencies apart from Bitcoin like Bitcoin Cash, Ethereum, and Litecoin among others.
Blockchain
I am sure that you must have heard about Blockchain technology by now. It allows all cryptocurrencies to exist on the web. However, now there is also a Blockchain wallet, an online wallet from where you can directly buy and sell cryptocurrencies. Blockchain charges a small amount of fee for sending and receiving cryptocurrencies. Blockchain supports various digital currencies like Bitcoin Cash, Bitcoin, Ethereum and Stellar Lumens among others. This wallet is available in more than 35 countries.
Robinhood is the best wallet for free buying and selling cryptocurrencies. Though Robinhood had started as a free stock trading platform soon it expanded and included other investment options like cryptocurrencies. Robinhood is a mobile wallet but it has also got a desktop version. What makes Robinhood unique is that it is a free wallet and no fee is charged for buying and selling Bitcoin.
However, there is a drawback to Robinhood and that is you cannot transfer tokens to and from Robinhood with another wallet.
Mycelium is one of the most preferred mobile-based Bitcoin wallets. It has both android and iPhone versions available, so you can pick one according to your Phone model. Mycelium is a bit complicated app and only experienced users will find it easy to use. However, one of the major advantages of mobile-based Bitcoin wallets is that it has a high-level of “Bank-grade security”. It keeps all your accounts details anonymous and In fact, you can carry around Bitcoins with you everywhere.
Robinhood
Robinhood is the best wallet for free buying and selling cryptocurrencies. Though Robinhood had started as a free stock trading platform soon it expanded and included other investment options like cryptocurrencies. Robinhood is a mobile wallet but it has also got a desktop version. What makes Robinhood unique is that it is a free wallet and no fee is charged for buying and selling Bitcoin.
However, there is a drawback to Robinhood and that is you cannot transfer tokens to and from Robinhood with another wallet.
Mycelium
Mycelium is one of the most preferred mobile-based Bitcoin wallets. It has both android and iPhone versions available, so you can pick one according to your Phone model. Mycelium is a bit complicated app and only experienced users will find it easy to use. However, one of the major advantages of mobile-based Bitcoin wallets is that it has a high-level of “Bank-grade security”. It keeps all your accounts details anonymous and In fact, you can carry around Bitcoins with you everywhere.
