With Bitcoin prices soaring the past year, many people that have invested are asking about safer places to keep their bitcoin. Just as with gold at one point, Bitcoin has become a priced commodity where the price of one bitcoin amounts to several thousands of dollars. Many people have gone with the flow and watched their prized bitcoins rise in value, but the next question is “What are the best cryptocurrency wallet aps to hold my bitcoin”?
If you are one of the latest people to have bought bitcoin, you most likely have bought it from an exchange listing the bitcoin price, where you deposit money through your bank account and get to purchase and hold bitcoin equivalent to the amount you have deposited. However, with time and online research, you have discovered that these exchanges are not the most trustable ‘safes’ and that most people are holding their bitcoins in other safer places such as hardware wallets, online wallets (aps), or even paper wallets. In this article we will give you the top 5 cryptocurrency wallets based on popular demand, listing their pros and cons:
1- The most famous cryptocurrency and also claimed to be the best, is the Ledger Nano S wallet. The Nano S comes in the form of a flash drive that folds. The Ledger Nano S wallet connects to your computer through a usb port, and has a 2-factor authentication. The reason it takes the top spot is due to the fact that it is not so expensive, malware proof and impossible to hack making it one of the safest wallets out there in the market.
2- Ledger Blue holds the 2nd spot, having one of the most high-tech security features a hardware wallet can possess. Ledger Blue is far more advanced than the Ledger Nano S wallet, having a full touchscreen, bluetooth functionality and the ability to be recharged. You can view live balances of your cryptocurrency wallets without having to connect it to a computer. If it wasn’t for the quite pricey tag, Ledger Blue would have held the top spot.
3- Another name that you must have heard several times since joining the crypto-world is coinbase. Coinbase is one of the most trusted and popular digital currency exchanges in the world, listing most of the world’s top cryptocurrencies. Coinbase is considered one of the exchanges that is very secure to hold your cryptocurrencies, as long as you have 2-factor authentication turned on.
4- At number 4, we have KeepKey. KeepKey is another hardware wallet that has kept it simple. With an open source firmware that works on different operating systems, KeepKey is a very handy wallet that can be completely customized due to its versatile firmware. KeepKey is very safe, free of malware and viruses, and not very costly. We definitely recommend this wallet, especially since it is so appealing to look at.
5- Last but not least, we have Trezor. Trezor was one of the first hardware wallets, and while it has a token function similar to that of a 2-factor authentication, we feel it is a bit outdated and that is the reason we kept it for last. Nonetheless, the company has successfully kept their users’ cryptocurrencies safe over the past years, and we believe that to this day it is one of the safest hardware wallets.
We hope that this list helped you choose the right cryptocurrency wallet for you, and that you successfully get to hold on to your cryptocurrencies and watch them rise in value! Watch the linked videos for further in-depth reviews and do your own research to find out the right wallet for you. You can always also reach out to us if you still feel lost, we’re always happy to help. Have a safe crypto-journey, and keep HODLing!!!