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 Wallet | Mobile and Web |
| Purchase Cost | Free |
| Incorporated Exchange | Yes |
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 Wallet | Mobile |
| Purchase Cost | Free |
| Incorporated Exchange | Yes |
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 Wallet | Hot Wallet |
| Purchase Cost | Free |
| Incorporated Exchange | Yes |
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 Wallet | Cold Wallet |
| Purchase Cost | $170 |
| Incorporated Exchange | Yes |
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 Wallet | Mobile or Web |
| Purchase Cost | Free |
| Incorporated Exchange | Yes |
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 Wallet | Offline Hardware for Mobile Devices and Desktop |
| Purchase Cost | $59 and up |
| Incorporated Exchange | No |
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 Wallet | Mobile and Web |
| Purchase Cost | Free |
| Incorporated Exchange | Yes |
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 Wallet | Hot Wallet |
| Purchase Cost | Free |
| Incorporated Exchange | Yes |
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.
