Best Bitcoin Wallets!

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Written by
4 years ago
In community: Nigerians Community(dd03)

What is Bitcoin wallet?

Wallets are closely like to your local bank. Without using wallet, you can’t secure, store and spend Bitcoin. This is the very first step to get into crypto business.

Types of Bitcoin Wallets

There are several types of wallet which you can choose from such as, Hardware wallets, mobile wallets, hot 7 cold wallets, physical wallets and online web wallets. The most recommended wallet is Hard wallet which is safest to secure Bitcoin.

Hardware wallets

Hard wallets are secure, offline devices. They store your private keys offline so they can’t be hacked. This means you can even use one on a malware infected computer. Ledger Nano S, TEZOR , KeepKey and ledger HW.1 are  some of the most used hardware wallets.

Desktop Wallets

If privacy is your main concern, the Bitcoin core wallet is a good option since it does not rely on third parties for data, Try Electrum.

Mobiles wallets

There are numerous of Bitcoin wallets for mobile phones such as GreenBits, mycelium, coinBase, Automic wallet etc.

Hot wallets and cold wallets

Hot wallets are connected to the internet and they are easy to hack eg. Online and desktop wallet. Cold wallets are not connected to internet so they are safe from hacker eg. Hardware and paper wallet

 

How to avoid Theft and Scams

  • Generate your private keys in a secure, offline environment.

  • Create backups for your private keys.

  • Encrypt wallets to provide additional security.

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Avatar for r2000
Written by
4 years ago
In community: Nigerians Community(dd03)

Comments

I now understand. Hardware wallet is actually a device. I get now What about physical wallet? You didn't explain it

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User's avatar Captainrex5
4 years ago

hardware wallet and paper wallet comes into the category of physical wallet i mean hardware wallet and paper wallet we can touch and feel physically that's why

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User's avatar r2000
4 years ago

Oh ok

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User's avatar Captainrex5
4 years ago

Thanks for your advice!

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User's avatar readbc
4 years ago

you're welcome check my other article they may be useful.

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User's avatar r2000
4 years ago

I love your articles brother. Please give us more information on crypto news. So which wallet do you use?

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User's avatar Jaysea1447
4 years ago

i use metamask as web wallet and Automic wallet and coinbase for Mobile wallet.

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User's avatar r2000
4 years ago

Thanks for your advice!

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User's avatar misu
4 years ago

Check my other article they may be helpful and give upvote

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User's avatar r2000
4 years ago

I make use of block chain wallet to store bitcoin

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User's avatar Shibaby
4 years ago

alright, that's great

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User's avatar r2000
4 years ago

Don't copy others. Try to be yourself. everybody is doing it so it is the right way. That statement doesn't make any sense to me at all. Try your own way. I am making memes but look around😑how many people make their own memes here. The points are given by random rewarders and they won't give any points on good morning good night marka posts. Avoid posting bad posts and maintain a healthy profile. Everybody will notice you

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User's avatar Shuvojit12
4 years ago

Wtf you think you're. I don't know why you feel this is copied. Lets understand that whatever you post on read.cash you will find this anywhere on internet. This is an exclusive article if you think this is copied you just don't know about read cash. Look my profile how healthy and useful article i post. Writing on any topic that was previously written may not be a copying. Do your research and grow up.

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User's avatar r2000
4 years ago

Wc

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User's avatar Shuvojit12
4 years ago
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