You may have heard of Bitcoin before. And I'm sure some of you will even have Bitcoin !! But where do you store bitcoins?
On a Bitcoin exchange like Binance, BitMEX, or a Bitcoin wallet like Coinbase or CEX? If this is your answer, then you are putting your Bitcoins in great danger !!
These services keep your Bitcoin account private for you. It is not a secure way because your private keys Bitcoin account is the only way to request Bitcoin.
Now the question is, where should you store your bitcoins?
Here, I won't tell you about things that I don't personally use.
I also believe that when choosing a reliable Bitcoin wallet, whether it is wallet software or wallet hardware, you should consider the following:
Private Key Control - A wallet that owns and controls your keys.
Backup and Security Features - Generate backup key and PIN code.
Developer Community - A community active in development.
Easy to Use - Sleek user interface for quick and easy use.
Compatibility - Works with a wide range of operating systems.
Now that you know what to look for in a Bitcoin wallet, let's explore the 4 best Bitcoin wallets.
Best Bitcoin Wallet: (Hardware, Mobile and Desktop)
1. Ledger Nano X
The Ledger Nano X is a hardware wallet from France. This is the modern and functional Bitcoin wallet that you can buy in 2021. This hardware wallet works on both desktop and mobile and comes with a built-in battery.
From a security perspective, there are two chips (one for security element) that protect the private key from exposure to the world.
You can store up to 100 cryptocurrencies and the Ledger Nano X can be used as an access point for many exchanges. Some of the coins supported by Ledger Nano X are:
Bitcoin
Ethereum
Binance chain (BNB)
Dash
Cardona (ADA)
Litecoin
Ripple (XRP)
EOS (EOS)
USDC
BAT (Basic attention token)
USDT
Tron
Monero (XMR)
All ERC 20 Token
2. Ledger Nano S
This is the first version of the Ledger Nano X and looks like a USB stick that plugs into a USB port. It has no battery and only starts up when connected to a computer (or mobile device).
The Ledger does not come with a tamper certificate because the encryption process identifies the authenticity of the device at power-on.
It also comes with an OLED display and two side buttons for advanced recognition.
When setting up your Nano S as a new device, you will need to set up a PIN code to secure your wallet. Then make a copy of the 24-word return sentence and save it. This return code can be used to update your Bitcoins at any time.
With this wallet, your private keys are stored offline, so you don't have to worry about the security of your coins.
The Ledger Nano S wallet supports the following big cryptocurrencies:
Bitcoin (BTC)
Bitcoin Cash (BCC)
Ethereum (ETH)
Dogecoin (DOGE)
Ethereum Classic (ETC)
Litecoin (LTC)
Dash (DASH)
ARK
Ubiq
Expanse (EXP)
PIVX
Vertcoin
Zcash (ZEC)
Ripple (XRP)
Stratis (STRAT)
Komodo (KMD)
PoSW
Viacoin
Stealthcoin (XST)
NEO (Works with NEON Wallet)
Bitcoin Gold & more
It is also a multi-wallet that can store/manage over 700 ERC20 coins and tokens at a time.
3. Atomic Wallet
Atomic Wallet is a free multi-wallet that supports over 300 coins and tokens. It is the first cryptocurrency wallet with decentralized cross-chain atomic swaps. Users can trade Bitcoin, Litecoin, and QTUM without intermediaries. The Atomic Wallet team also plans to help Ethereum with the exchange.
Additionally, Atomic Wallet offers regular exchange services for various cryptocurrencies and options to buy XRP, BTC, LTC, and ETH with your debit card. All of these features are well designed in a clean and professional interface. You don't need to log in or register.
All you need to do is download, install, and use the wallet for your operating system. Currently Atomic works on most desktop operating systems such as Windows-64-bit, MacOS.
It's Linux and above, and it's also available for Android and iOS devices. Like other non-wallet wallets, Atomic generates wallet storage and encrypts the hardware's private key. If you plan to store cryptocurrencies on Atomic, be sure to write them down and keep them in a safe place, as the seeds are only posted once and are not emailed.
The wallet supports private keys, so you can transfer money from another wallet to Atomic with just a few clicks.
Interestingly, Atomic Wallet provides an interface for custom tokens, so anyone can get a smart address and add custom tokens. This is a very simple option when it comes to ICO projects. Speaking of the latter, Atomic plans to launch a native ERC20 token by the end of 2018 and is currently running a program that anyone can join before it goes on sale to the public.
In essence, Atomic Wallet appears to be a fair cryptocurrency project. You can manage 300 in one place, trade and buy some of them, try out the new Atomic Swap, access custom symbols, and join wins. And all of this work has been done in a low-key way.
4. Trezor
Developed by Czech company SatoshiLabs, Trezor is the world's first Bitcoin hardware wallet.
A small device with an OLED display that connects to a computer or phone via USB. Its main purpose is to keep private keys offline and to register for a business.
The initial setup was slightly different than the Ledger Nano S.
Trezor displays the 9-digit number on the OLED screen the first time you connect it to your PC. You must enter the same PIN code by clicking on the corresponding PC screen. These rules are set every time you connect Trezor and ensure that even a spoofed PC cannot receive the pin.
After entering the PIN code, you will be prompted to generate a 24-word return seed. Again, you need to keep your recovery keys safe so that you can get your bitcoins back.
The following usage is similar to Nano S.