Best Bitcoin Wallets of 2020
Cryptocurrency wallets are the bank for your digital coins. They are the ones that keep your coins secure and away from savvy hackers that try to make themselves rich out of other people money. You will need them if you are trying to purchase cryptocurrency. Here is a 3 of the safest and best bitcoin wallets that people use:
Trezor Wallet
Trezor is a key size cryptocurrency hardware wallet that safely stores, send, and receive your digital coins. When it comes to wallets, hardware wallets are usually safer than online wallets because they usually do not connect to the internet. Leaving hackers on the wind when it comes to accessing your wallet.
Supporting multiple digital currency on their wallet. It allows users to get the best bang for their buck when it comes to securing their digital assets. Supporting more than 500 cryptocurrencies and ICO tokens for you to buy and save.
First is the main one that is keeping your private key offline. Differentiating from other wallets that keep your cryptocurrency key online. Allowing hackers to infect your computer and retrieving them for their own financial gain.
Another one is setting up you pin. It’s a pin that you should be able to remember in order to allow you to your money. This pin only you know meaning that if someone gets access to your wallet. It will not do them any good since they do not have the pin to access the funds.
The key paraphrase is a set of words that you MUST write down. If your wallet gets stolen you will be able to get them back by putting this paraphrase in another device.
Trezor wallet is almost impossible to hack. Giving you the piece of mind that your money is secure in a safe location.
Trezor One
$55 USD
Trezor Model T
$169.99 USD.
Ledger Nano
The Ledger hardware wallet have the best-seller cryptocurrency hardware wallet in the market. Selling more than 1,4 million units sold since their launch. The wallet supports more than 1000 making it easy to easier for users to store any type of digital assets that they have.
They work the same way as other hardware wallets. Setting up a PIN and receiving a passphrase for back up security. Preventing unwanted access to your wallet.
The Nano S can be also be used with existing wallets such as Electrum, MyCellium, and MyEtherWallet, so if you already own one of these wallets you can easily link it to your Ledger Hardware wallet.
Just like any other hardware wallet the ledger leaves your private key over the internet, keeping your digital currency safe from hackers that plan to steal your stuff.
The ledger is one of the best options for safely keeping your wallets out there. Allowing you to access a huge number of digital currencies, with a great price tag and a size that will fit in your wallet and even key change.
Ledger Nano S
$ 59.00 USD
Ledger Nano X
$ 119.00 USD
Wirex
Wirex is a multi-currency digital wallet with multi signature security to keep your money safe. Offering both banking and blockchain technology for your needs. They offer the major cryptocurrency only and a number of fiat currency for you to use every day.
While 90% of merchants around the world do not accept cryptocurrency. Wirex provides you with a physical debit card for you to bank and purchase any goods around the world with cryptocurrency.
Their initial fees are 0. It is free to start using Wirex, while the fees for sending their debit card might vary by country. If your card is lost or stolen. They will offer a replacement for a fee of $3.00 USD. And a monthly fee for managing account of $1.50 that is way less than most prepaid cards on the internet. Transferring money between Wirex accounts is free. The blockchain might apply their own fees. And withdrawals fees are $2.50 for Europe and $3.50 for any other regions.
The anonymity for users is mid-level. You provide your name and email address to start, but to allow 2FA you need to provide your phone number. There might be a chance for other services where you will need to provide your identification.
Wirex is a great alternative for users traveling the world and using cryptocurrency as their currency. They offer secure and easy access to your coins. They are as simple as waking to an ATM or a store that accepts visa and Mastercard.
Wirex
Wirex is free to use initially, but it has the fees that are mention above.
Bottom Line
In conclusion, Hardware wallets are generally safer than online wallets, but when it comes to accessing your bitcoins at any time. A crypto debit card wallet will be your best bet and it will save you a ton of headache in case you are in another country and your bank decides to block your card and you only find out when you are buying something.
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