Best Crypto Wallets to Hold Your Bitcoin: Cryptocurrency has been around for decades. Nowadays, it isn’t just a form of investment; it’s like traditional currencies, with large companies like Microsoft, Amazon Paypal and others seeing it as a way to accept payment to purchase goods and services. Despite being volatile, people still invest in crypto; they hold it for a long time to get ROI.
Over time fans, companies, tech evangelists, influencers, and musicians like Tekno Miles have shown crypto is a good asset for exchange, amongst other things like gambling. Nowadays, people are keen on buying and holding crypto for different reasons – buying goods and services, gambling, investing, etc.
Whichever crypto coin you choose to buy, you need to select a crypto exchange platform to buy crypto, and once you’ve bought it, you need to store it somewhere and use it to purchase goods and services – that somewhere is a crypto wallet.
What is a Cryptocurrency Wallet?
A crypto wallet is for one primary purpose; holding cryptocurrency; it is for storing different kinds of crypto. Crypto wallets are usually software in the form of apps or web apps. Aside from storing crypto, crypto wallets are for storing cryptographic keys and other secure details associated with key storage; identity details and transactions are also stored in a crypto wallet.
Crypto Wallets Types
There are two types of crypto wallets: either hot and cold.
Cold wallets use keys generated by a machine connected to the internet. They’re a form of additional security. A USB hard disk or thumb drive stores crypto and they’re usually encrypted. Hot wallets use keys generated by devices connected to the internet. Hot wallets are less secure than cold wallets.
Atomic Wallet
Atomic wallet is used by most people new to crypto, although experienced crypto users still use crypto. Atomic wallet holds over 500 types of crypto; it has a stable user interface and supports the buying of cryptos.
You don’t need to visit a crypto exchange platform; you can easily buy crypto with an atomic wallet. Features in this wallet are staking and nuclear swap transactions.
Coinbase
Coinbase is popular among crypto users; it’s a trendy crypto wallet. It’s easy to use and has excellent security features. You can connect Coinbase to numerous crypto exchange platforms, making it easy for you to purchase crypto.
The coin base supports over 5,500 types of crypto, including the storage of digital assets like NFTs.However, Coinbase isn’t very secure.
MetaMask
MetaMask is a web-based crypto wallet; it’s common amongst those in the Defi and Web3 industries. People new to the world of crypto will find MetaMask easy to use. And most crypto. Users can swap and buy crypto. It supports the holding of various types of cryptocurrency. However, it can’t hold Bitcoin.
Electrum
Electrum was released in 2011 and is one of the first crypto wallets. It supports the storage of only bitcoin and allows users to adjust transaction fees based on how they want their bitcoin moved. Spectrum has excellent security features and supports security measures like two-factor authentication.
Bitpay Wallet
Bitpay Wallet is a popular bitcoin wallet; it has a mobile app, can’t be fully accessible on a webpage, and has support for only IOS devices. Moreover, it can hold just 13 crypto coins. It has security features like two-factor authentication.
BRD
BRD is a multi-currency wallet; BRD is available for download on Android and IOS devices and supports more than 70 cryptocurrencies. Crypto keys are in the phone and cloud for Android and IOS devices, which are easily accessible by you instead of other wallets.
Conclusion
Although many crypto wallets are listed in this article, you can use some of the best ones if you’re new to crypto. When choosing a wallet, you need to consider ease of use, security, and the number of currencies it could hold.
