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Bitcoin Wallet

Bitcoin Wallet

GET A BITCOIN WALLET

Trading Bitcoin made easy with Bitcoin wallet, before you get Bitcoin, it is essential to buy, download or create a bitcoin wallet.
If you are a new Bitcoin user, we recommend you use copay wallet that can be utilized on many operating systems.

Keep getting information here if you look to upgrade security practices and using Bitcoin!

Types of Bitcoin Wallet

There are a lot of benefits of using Bitcoin, so there are various types of wallet available; listed below are few

  • Online Bitcoin wallets: This type of wallet can be gathered from any device on the web through the internet.
  • Bitcoin hardware wallets: This wallet physical devices and is designed to secure bitcoins.
  • Software wallets: Wallet applications that can be downloaded to user’s phone, tablet or computer.
  • Paper wallets: Printing of Bitcoin private key is possible through an offline computer.

If you want to make payment in person and not online, then it is advisable to use mobile wallet like Copay (Android & iOS), bread wallet (iOS) or Mycelium (Android) is recommended.

Frequency of Payments:

Keeping fund in wallet that makes it easy to use and accessible is always good. Mobile wallets and desktop wallets are good to use for frequent payments.

Amount:

If any user has to deal with large amount of bitcoin, then they must have secure wallets. Secure offline wallets and Hardware wallets like Armory are good to choose.

Use Combinations:

If you look around for security and accessibility together, then use mobile wallets as checking account and a secure offline wallet as saving nd accessibility together, then use mobile wallets as checking account and a secure offline wallet as saving account.

Best Bitcoin wallet

UNIVERSAL WALLETS

Copay:

Copay- the Bitcoin wallet by Bitpay and is available on multiple platforms including iOS, Windows Phone, Android, Maz OS X, Linux and Windows. This feature facilitates using same wallets across multiple devices.

Hardware Wallets

Hardware wallets are built to generate the Bitcoin private keys offline. These are smart cards or small computers, securely involve into transactions in the same offline environment.

Larger Nano:

This hardware wallet is based on the smart card. Private keys can be generated offline and signed in a smartcard secure environment. A random 24-word seed woriginatenate on setup and then backed offline by writing down on paper.

Trezor

Trezor has a bit different as compared to Ledger Nano; in case of, Trezor a very tiny computer is being used rather than smart card. Private keys are generated offline.

Opendime

Bitcoin stick is the first Bitcoin bearer bond. Opendtime wallet is a small USB stick, that enables you to spend Bitcoin as dollar bill

Ledger HW.1

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

Ledger Unplugged:

It is a wireless hardware wallet, the size of which is similar to a credit card. Here, private keys are still generated offline. Transactions are signed on a device and then sending process is being done through mobile phone through NFC.

Online Bitcion Wallets

The Web wallets or online bitcoin wallets will store private keys of users online.

Green Address:

this wallet supports multiple devices; iOS, Android and Chrome.

SpectroCoin:

this wallet is an all in one solution for Bitcoin users; this works ranges from exchange to bitcoin e-wallet.

MOBILE WALLETS FOR ANDROID

Breadwallet (Android):

This wallet is very popular for iPhone, now Android user can also avail this. The easy to use and simple feature of this wallet affluence new user to start using bitcoin.

Mycelium (Android)

It is an HD wallet and has involve with many features; including Hardware wallets TREZOR support, ledger cold storage spending, watch only accounts and Tor.

Bitcoin Wallet:

It is a first Bitcoin wallet for Android. This wallet is simple and links directly to the Bitcoin networks with SPV.

Airbitz

This wallet is most suitable for everyday use. It integrates with Fold, you can gain 20% discounts at Starbucks within the wallet.

GreenBits

This wallet is a native version of Green address. GreenBits is simple, fast and supports hardware wallets Ledger Nano/HW.1 and TREZOR.

Best Bitcoin Exchanges to know about: tuxexchange, Bitcoin Indonesia, List of Cryptocurrency Exchanges

Mobile Wallets for iOS

Breadwallet (iOS):
The simplicity and security of breadwallet’s have made it the widely used and popular iOS wallet.

Copay:

This wallet is now available in the App Store

Airbitz

Airbitz wallet is also available in the App Store

Desktop Wallets

These wallets need to install and download on a computer. Desktop wallets are software and mention below are also available on Windows, Mac Os X and Linux.

Armory:

Armory is the secure, most mature, and featuring with bitcoin wallet but this can be technologically terrifying for users.

Bitcoin Core:

This wallet is official bitcoin wallet and client. Many persons are not using this wallet due to lack of features and slow speed. Bitcoin Core wallet assists in verifying and transmitting other bitcoin transactions all over the network and then stores a copy of the entire blockchain.

Electrum

Electrum Wallet is the popular desktop wallet of bitcoin; this is because of its speed and ease of use. This is also used as cold storage when you have an extra computer that will consider using offline.

MultiBit HD:

Multibit HD wallet is most straightforward and fast desktop wallet. It offers support for hardware wallets KeepKey and TREZOR.

Paper Wallets:

A paper wallet is a private key, which involves a print process on a piece of paper; Before hardware wallets, Paper wallets were the standard method of cold storage.

Author

Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.