|Hardware Wallet Compability
Why Ledger Nano X: We feature Ledger Nano X because it stores your Bitcoin private keys offline and facilitates offline transactions via Bluetooth. Ledger Nano is what we refer to as a cold wallet.
The ledger Nano S is a second-generation hardware wallet that resembles a USB drive, but with an OLED display. Developed by Ledger, a French technology company, Nano X is as secure as it is easy to use. It connects to your computer via a USB cable and the iOS/Android devices via Bluetooth and the Ledger Live app.
The hardware wallet currently supports Bitcoin and 1800+ other cryptocurrencies typically found on crypto exchanges. It encrypts the private keys for these digital assets and has a micro-SD card feature that you can use to further encrypt wallet data. Ledger Nano S is backed up with 24 seed phrases that you can use to recover your keys on another Nano S hardware wallet if the one you are currently using is lost or damaged. Ledger also supplies a mobile wallet (aka software wallet) so you can monitor your crypto assets’ performance for Bitcoin, Ethereum, and many more.
Why Bitcoin wallet: We feature Bitcoin wallet as the best for mobile users because it makes on-the-move access and spending easy.
Bitcoin wallet by Bitcoin.com is one of the most secure and easy-to-use crypto vaults for mobile phone users. It is built on an open-sourced code and encrypts the Bitcoin private keys before storing them on your mobile device.
It is Bluetooth enabled, making it possible for users to send and receive Bitcoins while offline. For maximum privacy, Bitcoin wallet embraces the Orbot app from TOR and derives its maximum-security guarantee from its support for the new Becnch32 SegWit.
In addition to storing your Bitcoin private keys, the Bitcoin wallet app also lets you buy, sell, trade, invest, and spend these digital assets. It lets you buy more BTC via credit cards, payment apps, or bank within the app. Bitcoin.com further lets you swap BTC for USD Stable coins to escape volatile price action. It reflects your balance in BTC, mBTC, and uBTC, with the option of converting it to multiple international currencies.
Why Exodus: We feature Exodus here because of its simplicity, ease of use, and feature-rich platform.
Exodus is a desktop wallet app with a highly intuitive user interface and a feature-rich built-in exchange. It is available for Mac, Linux, and Windows computers, and its developers recently launched the exodus mobile wallet app for Android and iOS devices. On either apps, it supports Bitcoin and more than a hundred other digital assets. Unlike most of the wallets featured in this post, however, Exodus is built on a closed source technology.
Like most other wallets nevertheless, it provides the user with a 12-word seed phrase during setup. This serves as a backup key and comes in handy when transferring the wallet to another computer or phone. Importantly, Exodus is fully compatible with Trezor One and Model T hardware wallets, which gives its privacy and security a significant boost.
Why Coinbase: We consider Coinbase the most beginner-friendly Bitcoin wallet because it is free, highly secure, and easy to use.
The Coinbase wallet app (not to be confused with the Coinbase exchange) is a free app-based crypto vault that stores and facilitates sending and spending your Bitcoins. Released in 2017, the wallet app was developed and is maintained by Coinbase and is available for both Android and iOS devices. It is easy to set up, features an easily navigable interface, and integrates a Web3 DAPP browser that lets you interact with different eth-based decentralized apps.
The app encrypts your private keys and stores them in your device, with the option of creating a backup on Google Drive. It also embraces the Secure Element technology in guaranteeing that not even Coinbase developers have access to your encrypted keys stored in your device. During wallet setup, you are provided with a 12-word seed phrase that comes in handy when recovering a lost wallet or moving the keys to another mobile device.
Why Trezor Model T: Trezor Model T makes it here because it integrates the most security features of any hardware wallet.
Trezor Model T Overview
Trezor Model T is a second-generation hardware wallet developed by Satoshi Labs. It replicates most of the physical and operational features of the Ledger Nano S, safe for the fact that it is larger and embeds a touch screen. It also doesn’t have Bluetooth functionality, instead, it uses a USB type C cable to connect the device to computers and smartphones. Further, it integrates such third-party exchanges as Coinswitch and Shapeshift that one can use to facilitate crypto transactions.
Like Ledger Nano S, it allows you to further encrypt and backup your PIN and data to a MicroSD card. It has a 12-word seed phrase for backing up your wallet data and requires a PIN to even connect to the computer/phone via USB. Every time you input the PIN incorrectly, the wait time for the next trial is raised to the power of two.
Given the large number of crypto wallets in circulation today, finding the best for your Bitcoins can overwhelm even an experienced investor.
Finding a good wallet becomes especially hard when different they all integrate dissimilar but equally important features. How then do you settle with just one Bitcoin wallet when they all have different strengths?
To help you arrive at this decision, we will explain the different factors that PRO Bitcoin investors use when finding the best wallet. We will then narrow down this search by providing you with a list of what we consider to be the 10 best Bitcoin wallets today.
What do you consider a must-have for any Bitcoin wallet? Let us highlight some of the factors that exert Bitcoin traders and investors look for in a Bitcoin wallet and what you too should consider a must-have for any wallet: