Safety and security of your Bitcoin is your responsibility.Here in this post we compare and reviews the best and secure Bitcoin Wallet available for you.And you have to know that Bitcoin transaction are not reversible.
Types of Bitcoin Wallets
You can find numbers of Bitcoin Wallet on Internet.Some of them are more secure and some of them not.
Bitcoin Wallet divided into mainly 5 types which are like: Desktop,mobile,online,hardware and paper wallet.Mostly people using Online wallet for transactions.We tried here to review some of them Wallet for you.
Bitcoin desktop wallets offers level of security for your Bitcoins to storage.
You need to download the software in your PC and perform Bitcoin transaction from desktops.
This option is hard to understand or more confusing than online wallets for newbies.
Bitcoin Core is the first Bitcoin wallet;also can say original Bitcoin Wallet.Using Bitcoin Core means having control on both your public and private keys,which ensure safe storage.
To download this Bitcoin wallet your computer requires a lot of spaces,as the software comes with data on every bitcoin transaction ever performed.
According to the download page of this wallet you need 65 GB of free space .
Multibit is also one of the safest bitcoin wallet.To use this wallet you don’t need more spaces like need in BITCOIN CORE .Its just over 30MB.
They called themselves “The Only Open Source Wallet With Gold Storage and Multi Signature Support“,Armory is also one of the popular and oldest desktop wallet. In this wallet private keys are stored in offline computers ,which means that only physical location of the computer can steal bitcoin.
It is a good way to keep small amount of money or bitcoins in wallets,while rest of them keep in other secure options.
Bitcoin mobile wallets are not only accessible and practical.
- Given below mobile wallets are available for both Android and iOS users.
Mycelium is one of the most recommended and safest BITCOIN storage wallet for mobile.Boasting “BANK GRADE SECURITY”,it boasts Hierarchical Deterministic wallets,watch only and private key deletion accounts.
Xapo is famous for its vault and security,Xapo is combines Multi-sig technology and cold storage tokeep users bitcoin safe.Its servers are kept “behind reinforced concrete walls,a steel blast door and radio wave-blocking Faraday cage”,located within the Alps.
Wirex is full-fledged bitcoin service offers both online and mobile secure bitcoin wallets. What differentiates Wirex from other is its ease of use while not compromising Security.
Users get Multi-sig wallets and can enable 2-factor authentication (2FA) for both app and wirex linked email address,making third -party breaches hard.
Online Wallets are wallets that are very easily accessibly on the web via any device or from anywhere so long as it can be connected to internet.Online wallets are easier and faster to make transaction from anywhere due to it’s accessibility.But Online Wallets are not secure than others,its easy to hack Online wallets for hackers by Phising,Malware,Insider Hacking etc.
Recently the two huge failure of bitcoin exchanges Mt Gox and Bitfinex make people wary of such services.
Coinbase is the leading exchange service today in buying and selling Bitcoins.It was founded in 2012 and since then they recieved over 32$ million in venture capital funding.Coinbase wallet avilable in some countries only around the world.They recently launched their vault service which denies the company control over your funds.
Coinbase is one of my favourite Bitcoin Online Wallet.
Blockchain.info is the most popular online wallet with 8mil wallets,everyone uses to perform and check bitcoin transaction.Multi country support and cross capability.Blockchain web wallet is also available on desktop and mobile app.
A one of the respected name in the Bitcoin world,BitGo is considered a leader in bloackchain security.BitGo is great for individual and businesses who prefer near-instant transactions.Usually BitGo takes 3-6 confirmations to send your bitcoins transactions and it takes near 30-60 minutes
Hardware bitcoin wallets are user friendly and portable.Hardware Wallets give users complete control on their own Bitcoins.
One of the biggest fears of bitcoin holder is unknown transaction that depletes all of their bitcoin savings.KeepKey helps to alleviate this fear.You have to approve all or each outgoing transaction in KeepKey deice manually.KeepKey is pin protected device.
Trezor is trusted name in Bitcoin Community.Trezor is small and simple to use.It was a better security against malware and disaster recovery in case of theft or loss of device.
The smallest and most cost effective option,the USD-sized ledger nanocomes in few variations.Everyday you can select between Ledger nano or Ledger Nano S.The latter is the first hardware wallet that can also store Ether.
Bitcoin paper wallets are most effective against hacker but unlikely its hard to storage.Papers can destroyes ,torn,lost or otherwise fade.If you lost your paper ,then their is no way to recover your BITCOINS.