20+ Best Bitcoin Wallets to Store Bitcoins
By: Yasin Brown
Tags: Bitcoin, Copay Wallet, Bitcoin Wallet, Poswallet, Cobo

Without a Bitcoin wallet, you can’t send or receive Bitcoin payments. So before you get bitcoins, you’ll need to buy, download, or create a bitcoin wallet.

Are you a new Bitcoin user ?

Or have you been proving bitcoin for a at the same time and want to upgrade your surveillance practices? later enjoy reading!.

Types of Wallets

Responsible are crowded different ways to use bitcoin and so responsible are crowded different types of wallets:.

Wallets so can be accessed on the web against any internet connected device.

Bitcoin hardware wallets. Physical devices designed to secure bitcoins.

Software wallets. Wallet applications downloaded to your phone, computer or tablet.

Paper wallets. Bitcoin private keys printed from an offline computer.

By the end of this article you’ll understand Bitcoin wallets and have a better idea about which type is right for you. Here are some factors to consider:

On the go? If you are making payments in person and not online at that moment a mobile wallet like copay ios & android.

Frequency of payments.If you power commitment to form frequent payments formerly it power be best to manage your funds in wallet so that is easy to use and accessible.

Amount.If you are dealing near large amounts of bitcoins you intention duty a secure wallet.

Use combinations. Mix and match to find a combination in order that contribute both preservation and accessibility.

Universal Wallets

Copay Download

It’s easy to use the same wallet or accounts transversely multiple devices.

Copay is over and above a good option for businesses due to a shared account feature. Whatever requires a certain number of users to sign all transaction. Keep create a 2 of 2 wallet where both desire be required to sign all transaction.

Hardware Wallets

Hardware wallets are limited computers or smartcards built alongside the sole purpose of generating bitcoin private skeleton offline. Hardware wallets securely sign transactions in the same offline domain.

Ledger Nano Learn More

Buy

Private skeleton are generated and signed offline in the smartcard’s secure climate. The nano is setup proving the ledger chrome application. The entire wallet can be recreated near the seed. A user selected pin code is again assigned to the device to protect across physical theft or hacking.

The ledger nano may be recycled on any calculator. Or android phones among mycelium or greenbits.

TREZOR Buy

The trezor differs taken away the ledger nano in so that it’s a bare tiny adding machine rather than a smartcard. Private skeleton are hushed generated offline.

Trezor conjointly generates a 24-word seed upon setup. The trezor has its own built in screen where the seed is displayed and copied down mid backup. Since the trezor is an offline device it offers extra bond since the seed isn’t displayed on an online adding machine.

An on the side passphrase can be added to the 24-word seed. Aforementioned administer extra protection. Since anyone who finds notability else’s 24-word seed is free to access the funds. An attacker stock-still wouldn’t be apt to access funds outdoors both the seed and the passphrase.

OPENDIME Buy

The pristine bitcoin bearer bond or called a bitcoin stick. Opendime is a limited usb stick in order that allows you to spend bitcoin like a dollar bill. Pass it on multiple times. Unseal every-time to spend online.

Acts like a read-only USB flash drive. Works with any computer, laptop, and phone.

A QR Picture and Text file inside contain Bitcoin address and support.

The private key is generated indoors the device. And is never hackneyed to any hominal.

The bitcoin universe changes fast but opendime is built on the fundamental bitcoin features so that have not changed in five years.

Give an opendime to anyone and they don’t use to worry so you can take back the funds later.

You have got the private screw in the device. The present is physical bitcoin as it was meant to be to dispassionate hand it to notable and they have got it.

Pass it on multiple times! Simple as a handshake. No miner fees, no confirmation delays.

Normal non hd bitcoin payment addresses and private screw in wif format.

Ledger HW.1 Buy

The Ledger HW.1 is a more affordable version of the Ledger Nano.

Ledger Unplugged Buy

The Ledger Unplugged is a credit card-size wireless hardware wallet. Private keys are generated offline. Transactions are signed on the device and sent to a mobile phone via NFC.Private passkey are generated offline.

Since the device fits perfectly toward wallets and no otg cable is required.

Software wallets engender it easy to securely spend and receive bitcoins to a hardware wallet. The image above splash how ledger’s desktop wallet cater the interface to receive payments to a ledger nano or hw.

Usb stick style software can makes it easy to load bitcoin within hardware wallets beyond having to install any software or apps.

Online Bitcoin Wallets

Store your private passkey online. Wallets can only be accessed alongside a user-set password.

GreenAddress Create

GreenAddress is a multisig web wallet, with apps available for Chrome, iOS, and Android.

SpectroCoin Create

Services put forth include a wide range of bitcoin solutions. Taken away exchange to bitcoin e-wallet.

Mobile Wallets for Android

Cobo is a leading producer of hardware and software blockchain products. As a company, we emphasize long-term security, reliability, and convenience. Our key products and services reflect that vision. Altogether, Cobo offers a secure mobile wallet (Cobo Wallet), the world’s first military-grade cold storage hardware wallet (Cobo Vault), and tailored custodial solutions for institutional investors (Cobo Custody). With support for over thirty different coins, 500 tokens, and an integrated DApp store along the way, we aim to be a one-stop shop for everything crypto.

Cobo’s flagship product, Cobo Wallet, is the first leading mobile wallet to offer Proof-of Stake (PoS) pooling services, a groundbreaking feature that allows users to generate benefits from their cryptocurrency holdings. To date, Cobo Wallet has registered more than 500,000 users globally and supports up to 30 cryptocurrencies and 500 tokens on main chains including Ethereum, EOS, and Tron.

iOS Download

Android Download

Official Website

breadwallet (Android) Learn More

Download

And now it is additionally available for adroid devices running android 6. The simplicity and easy-to-use pawn makes it a vast apartment to start for users who are new to bitcoin.

Mycelium (Android) Download

Mycelium is an hd wallet for frequent advanced features.

Bitcoin Wallet Download

Bitcoin wallet was the antecedent bitcoin wallet for android. And connects directly to the bitcoin network amidst spv.

Airbitz Learn More

Download

Airbitz is a different person bitcoin wallet that’s enormous for everyday use. It’s integrated by fold. Meaning you can get 20% discounts at starbucks against inner the wallet.

Airbitz manages accounts including usernames and passwords. The indicated type of account creation is easier for less technical users who may have trouble backing up or understanding hd seeds.

GreenBits Download

GreenBits is the native version of GreenAddress. It’s fast, simple, and supports hardware wallets TREZOR and Ledger Nano/HW.1.

Mobile Wallets for iOS

Cobo is a leading producer of hardware and software blockchain products. As a company, we emphasize long-term security, reliability, and convenience. Our key products and services reflect that vision. Altogether, Cobo offers a secure mobile wallet (Cobo Wallet), the world’s first military-grade cold storage hardware wallet (Cobo Vault), and tailored custodial solutions for institutional investors (Cobo Custody). With support for over thirty different coins, 500 tokens, and an integrated DApp store along the way, we aim to be a one-stop shop for everything crypto.

Cobo’s flagship product, Cobo Wallet, is the first leading mobile wallet to offer Proof-of Stake (PoS) pooling services, a groundbreaking feature that allows users to generate benefits from their cryptocurrency holdings. To date, Cobo Wallet has registered more than 500,000 users globally and supports up to 30 cryptocurrencies and 500 tokens on main chains including Ethereum, EOS, and Tron.

iOS Download

Android Download

Official Website

breadwallet (iOS) Learn More

Download

Breadwallet’s combination of simplicity and surety has made it the most popular ios wallet. Iphone users in search of their least bitcoin wallet should find breadwallet easy to understand.

Copay Download

Copay is available in the App Store.

Airbitz Learn More

Download

AirBitz is also available in the App Store.

Desktop Wallets

Desktop wallets are software wallets so are downloaded and installed on your clone.

Armory Learn More

Download

Armory is the most secure option available. Users are in complete government all bitcoin private passkey and can setup a secure offline-signing course in armory.

Bitcoin Core Download

Though isn’t passed down by frequent due to slow speeds and a lack of features. Meaning it helps verify and transmit extra bitcoin transactions crossed the network and stores a copy of the entire blockchain. Here offers better privacy since core doesn’t have to rely on picture against external servers or new peers on the network.

Electrum Download

Electrum can too be recycled as cold storage if you have an extra calculator in that can be recycled offline. Electrum offers auxiliary features like connecting through tor. Integration along hardware wallets. And extended.

MultiBit HD Download

Multibit hd is a fast and straightforward desktop wallet beside support for hardware wallets trezor and keepkey.

Wasabi Learn More

Download

Wasabi is an open-source, non-custodial, privacy focused Bitcoin wallet for Windows, Linux and Mac. Built-in Tor anonymity network, CoinJoin and coin control features..

Paper Wallets

Paper wallets inhabit the stock method of cold storage afore hardware wallets inhabit built. Paper wallets are private passkey printed out on a piece of paper. If generated and printed by a secure. Offline thinking machine. The main issue including paper wallets is it can be inconvenient to create and print a new wallet personal time you send funds to cold storage.

Best Practices

Bitcoin lets you check your coin. Meaning you are responsible for both your money’s collateral and your financial privacy. Here are part of steps you can take to ensure your privacy and security:.

Control your private keys

But in reality restriction your private skeleton. It’s best to use a wallet where you management your private opener. The present is the only way to have full jurisdiction of your funds and not have to rely on third parties for care.

Protect your privacy

All time you request blockchain picture against a wallet. The server may be competent to view your ip address and connect previously mentioned to the address evidence requested. Separate wallet handles scoop requests differently. If privacy is earnest to you. Use a wallet in order that downloads the whole blockchain like bitcoin core or armory. Tor can be hand-me-down alongside alternative wallets to shield your ip address. But that doesn’t prevent a server in distinction to tying a group of addresses to one identity. For farther information. Check out the open bitcoin privacy assignment for wallet rankings based on privacy.

Don’t reuse addresses

Most bitcoin wallets newfangled automatically create a new address for piece by piece transaction. Address reuse makes it easy for others to group transactions and understand whichever payments are connected to one identity.

Use different wallets for different sums of money

Aloof like you don’t walk everywhere alongside your savings account as cash. Efficient are different bitcoin wallets so that should be nearly new depending on how much pay is being stored or transferred. Secure wallets like paper wallets or hardware wallets can be nearly new as “savings” wallets. Although mobile.

Create multiple secure backups

Backups should be kept in separate physical locations in the case of fire or Adam’s ale damage.

How to Store Bitcoins

Earlier it was mentioned in that capable are four types of bitcoin wallets: online wallets. The particular four categories can be broken down further within different kinds of storage and security:.

Hot Wallets

Hot wallets refer to bitcoin wallets pre-owned on internet connected devices like phones. Because hot wallets run on internet connected devices ingenious is always a risk of theft. Take of hot wallets like your wallet au courant. Conscientious as you intend not walk any which way beside your savings account as cash.

If only used with small amounts, hot wallets should be used for your everyday Bitcoin needs. One may, for example, want to keep $200 worth of bitcoins in a hot wallet for spending, with $10,000 locked away in cold storage.

Custodial Services

Customers private skeleton are held by the particular third party services. Meaning users don’t really have limitation of their loot.

As bitcoiners often say: “if you don’t government the passkey. You don’t ropes the coins”. Gox is an top example. But one in that illustrates the importance of holding private opener. Gox was the pioneer and largest bitcoin exchange up until 2013. Thousands of users stored heavier than 800.

During the time true at the time. As short as mt. Gox claimed to have been victim of theft users including bitcoins in their accounts rest left empty handed.

Services like coinbase and circle may in fact use good ward practices and there’s a chance your bitcoins are safe. But by storing bitcoins amidst a third party you are always taking on spare risk.

Cold Storage

Cold storage is achieved at bitcoin private opener are created and stored offline. Private skeleton stored offline are also secure since effective is no risk in order that a hacker or malware bottle steal your coins.

Powerful are three ways to create cold storage: paper wallets. Envisage of cold storage as your savings account. Use it to securely store bitcoins so you don’t plan to spend.

Multisignature Wallets

Multisignature wallets like copay form it easier to share force of bitcoins in multiple parties. Multisig can together with effect cold storage amassed secure.

Multisignature wallets require multiple parties to sign transactions in order for funds to be spent. In a 2–2 wallet, for example, both parties must sign a transaction. In a 2–3 multisig wallet, two of the three co-signers must sign each transaction.