Over the years, bitcoin has become one of the most popular cryptocurrencies. Ever since they were established in 2009, they are the only thing that strikes anyone’s mind.
The cryptocurrencies are, however, extremely volatile. They are unsafe as well, which is why thousands of wallets have been introduced. The wallets and storage devices can play an essential role in ensuring the safety of wallets.
Even big trading platforms like this App recommend using bitcoin wallets to store your valuable bitcoin. The value of bitcoin is only soaring up high in recent times. Hence, you must choose one accordingly. Make sure to research properly to find out the best bitcoin wallets.
Here are some of the most popular wallets you may want to use in 2021 to store your valuable cryptocurrency.
Available across mobile and desktop, Exodus is indeed one of the best bitcoin wallets. It has an easy-to-use interface that caters to the requirements of beginners. The swap feature is indeed one of the most popular ones.
Exodus is extremely simple and can help you stand tall in the crypto space. Furthermore, it also requires extensive support, which is why beginners will like to use it. If you don’t want to be involved in the complex cryptocurrency market, then Exodus is indeed the platform.
Electrum is one of the most popular hot wallets available. This is hailed to be one of the original Bitcoin wallets. The wallet is compatible with hardware wallets like Ledger and Trezor. Being an open-source platform, it allows the customers to set their custom fees and provides the option to choose between Segwit and Bitcoin.
Furthermore, with the help of Electrum, you will also have the option to choose a particular security level. You can set up two-factor authentication or put it in a multi-signature wallet. Furthermore, depending on your requirement, you will also have the flexibility to speed phrase the custom words.
Electrum is indeed an advanced Bitcoin holder platform that provides the benefit of customization and increases security.
Ledger is indeed one of the popular cold wallets. It does not incorporate exchanges and is indeed very expensive. However, if you’re looking forward to getting extra security, then you should consider storing your Bitcoins in the Ledger.
The Ledger Nano X appears like a USB drive and further allows you to connect the device via Bluetooth. As a result, you can easily connect the wallet to your Android or iOS device. Ledger is one of those Bitcoin wallets that can hold more than 1500 cryptocurrencies.
The device is a cold storage hardware wallet and can further provide the benefit of Ledger Live software. As a result, the users can easily add new wallets across different cryptocurrencies for managing portfolios and devices. The Ledger further comes with a USB Type-C support connected to a desktop computer or smartphone. You also have the option to connect your smartphone to the platform via Bluetooth.
4. Trezor Model T
You can’t deny the popularity of the Trezor Model T. Over the years; it has become one of the most popular bitcoin wallets. The Model T comes with a touchscreen, thereby making it extremely easy for beginners to use this platform.
The Trezor Model T also supports the MicroSD slot, which can be extremely beneficial in the long run. The Trezor Model T is applicable for supporting around 1600 cryptocurrencies. This web-based user interface is beneficial across the built-in exchanges. Since it does not support Bluetooth connectivity, Trezor Model T is connected to be more secure than the Ledger Nano X.
Mycelium is one of the best open-source, mobile-based Bitcoin wallets. It can support different types of tokens like ETH, ERC-20, Bitcoin, and FIO. Although the platform shares similarities with Electrum, it is necessary to understand the common differences involved in it. Unlike Electrum, Mycelium has a better built-in exchange.
The hardware wallet support features make Mycelium one of the best platforms. It would help if you were very careful with the use of Mycelium. The best part about Mycelium is that you can opt for offline device storage while keeping up with the holdings.
The Bitcoin wallets will validate your transactions and keep your coins secure. Hence, it is extremely necessary to choose one that can offer complete security, thereby preventing fraud.