It is important to have a sound knowledge of bitcoin
It is important to have a sound knowledge of bitcoin wallets, if you are trading in Bitcoin.
The year 2018 has seen some top bitcoin wallets gain immense popularity, so what does 2019 hold?
Well for starters, we know that the market has crashed hard towards the end of the previous year, but people are still hopeful.
If there is a rise in the value of Bitcoin and the general condition of the market improves, then the following list of 5 best Bitcoin wallets for the year 2019 will help you navigate through Bitcoin Wallets.
A Bitcoin Wallet is a software program, where Bitcoins are put away. It comes in the forms of mobile, desktop, hardware and web.
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5 Best Bitcoin Wallets of 2019
1. Coinbase:
Undoubtedly Coinbase is one of the best Bitcoin wallet in the market. It has a user friendly interface that allows you to buy, sell and hold cryptocurrencies.
It lets you connect to any U.S. Bank Account and transfer fiat currency in and out of the dollar wallet.
After the entire Mt. Gox hack fiasco, Coinbase has tightened its security mechanisms and is now a very secure wallet for storing cryptocurrencies.
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2. Trezor
The next Bitcoin wallet on the list is Trezor. It offers a safe haven to store bitcoins but does not allow buying or selling on the platform.
Trezor is a physical device that can access your coins, once plugged into your computer, tablet or phone.
The platform is extremely safe as it works as a password manager and as a two-factor authentication device
Although one can recover lost passwords and lost devices from this platform, it is not an easy process. So be careful.
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3. Blockchain.info
Blockchain.info is similar to Coinbase in many ways. It is however not a full exchange like Coinbase.
The platform is based online but it does not allow the user to buy or sell bitcoins directly on the platform.
It offers more security however, than the other platforms, since it just has storage space and is not a prime target for hacks.
The separation of the market place and the storage place understandably makes it less convenient for you, but it however considered much more safe.
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4. Robinhood
Robinhood is a great wallet for you to consider storing your cryptocurrencies in, It also happens to be an exchange.
The platform is based on mobile and it has everything in one place. It lets you buy, sell and store your crypto, all in one place.
But the best aspect of Robinhood is that it is absolutely free of cost. There are no hidden charges or commisions.
It is a great wallet to consider if you are just starting out.
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5. Electrum
Another great bitcoin wallet is Electrum. which is a software wallet, desktop based platform.
It allows you to store your Bitcoins in a set of files on your laptop or desktop computer. It currently supports Windows, Mac OS X, Linux and Android.
One risk of storing your bitcoins in your computer is that if something happens to the computer, you could lose all your coins.
However, the app does offer a recovery process which lets one create a physical “cold storage” with a printed or handwritten set of keys.
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