Crypto

The Best Bitcoin Wallets Of 2020

The whole concept of cryptocurrency may seem new to some people. Those who have knowledge about cryptocurrencies know that bitcoin is the most used virtual currency. People with limited knowledge about cryptocurrency also know a bit about bitcoin. For auto-trading cryptocurrency, immediate-edge.co is available. 

Investing in cryptocurrency is still risky. In spite of understanding the risk, if you are ready to take the risk and make the investment, the below-mentioned bitcoin wallets can serve you well. 

SoFi:

It is a financial company. At the time of buying crypto, it charges up to 1.25% of the total transaction. 

Type of WalletMobile and Web
Purchase CostFree
Incorporated ExchangeYes

Perks

  • Features and finance tools with no additional fee.
  • One account for both crypto and investment.
  • Easy to get started.

Cons

  • Limited currency availability.

Edge

It is a mobile wallet for iOS and Android. 

Type of WalletMobile
Purchase CostFree
Incorporated ExchangeYes

Pros

  • Essay get-started.
  • Supports more than 30 popular currencies.
  • Two-factor authentication.

Cons

  • It offers no desktop or web interface.

Exodus

This desktop wallet is now also available for mobiles and also combines with Trezor wallets. It supports more than 100 currencies and can turn them into a portfolio with charts and graphs.

Type of WalletHot Wallet
Purchase CostFree
Incorporated ExchangeYes

Pros

  • Quality customer support.
  • Availability of various cryptocurrencies.
  • Built-in exchange.

Cons

  • Closed source software.

Trezor:

This hardware wallet has a small screen in order to manage your secure connection with multi-factor authentication. You need to plug in the device on your mobile and desktop. Keep your device and password safe.

Type of WalletCold Wallet
Purchase Cost$170
Incorporated ExchangeYes

Pros

  • The user interface is web-based, along with built-in exchanges.
  • Offers vast options of supported cryptocurrencies.
  • You can have an unlimited number of wallets simultaneously.
  • Open-source software with community and customer support.

Cons

  • Being an excellent hardware wallet, the price range is a little higher.
  • As it is a hardware wallet, it can confuse first time users.
  • The small touch screen makes it hard to type.

Robinhood

Apart from storing, you also can buy and sell cryptocurrencies. But you can’t transfer coins from Robinhood to other wallets.

Type of WalletMobile or Web
Purchase CostFree
Incorporated ExchangeYes

Perks

  • No transaction cost.
  • Both for mobile and desktop.
  • Quick get started.

Cons

  • A downtime history.
  • Limited available currencies.

Ledger

It is a device that looks like a USB flash drive with a steel outer, which makes it durable. By connecting to your mobile and desktop, you can manage your bitcoins and transactions. 

Type of WalletOffline Hardware for Mobile Devices and Desktop
Purchase Cost$59 and up
Incorporated ExchangeNo

Pros

  • Extremely secure offline storage.
  • Bluetooth on the highest end version.
  • Ability to support a lot of currencies.

Cons

  • Offers no incorporated exchange.
  • Complex for not so tech-savvy person.

Coinbase

With Coinbase, you will be able to connect with a U.S. bank and transfer dollars into your wallet in order to buy cryptocurrencies. You also can get cryptocurrencies by watching videos and taking quizzes. 

Type of WalletMobile and Web
Purchase CostFree
Incorporated ExchangeYes

Perks

  • Super easy to start.
  • The security track record is really strong.
  • It is one of the best well-known cryptocurrency exchanges.

Cons

  • There are some past incidents of downtime.
  • The transaction fees are too high.

Mycelium:

You can set the transaction fee and choose how long you want to wait for a transaction. 

Type of WalletHot Wallet
Purchase CostFree
Incorporated ExchangeYes

Perks

  • Custom transaction fees can be set.
  • Open-source software.
  • Hardware wallets can be used.

Cons

  • For mobiles only.
  • Confusing for first-time users.
  • It only works for Bitcoin.

Tips To Choose a Bitcoin Wallet

In order to store digital currencies, a bitcoin wallet is essential. Always check for the security, cost, easy to use bitcoin wallets with some other useful features as per your convenience. The above list has the top 15 bitcoin wallets’ names with features. Considering each and every feature, you can choose the convenient one. 

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