Last Updated on April 20, 2021 by Jason
A Bitcoin wallet is a virtual wallet that you can use to store your Bitcoin. However, it doesn’t exist physically, and Bitcoin can’t officially be stored anywhere else by a coin wallet. This kind of software is really easy to use, reliable, and it is secure, and fast to access.
In the following article, we are going to cover what we believe to be the best Bitcoin wallets on the market for 2021, so that you can keep your Bitcoin safe, and have access to it whenever you need it. Let’s dive in.
Best Crypto Wallets
It goes almost without saying that Coinbase should be at the top of this list. Having just made their debut on Nasdaq, Coinbase is by far one of the most popular platforms for Bitcoin and can help you with every aspect of trading your cryptocurrencies.
It’s great that this company can help you store a broad range of digital assets in offline storage as well, and it is supported in more than 100 countries around the world.
With Coinbase, you can sell and buy any digital currency and keep track of them, all from one platform. You can do this both on iOS and Android, and you can schedule trading for your crypto on a weekly, monthly or even daily basis. Your funds will be stored in their vault for extra protection.
PointPay Banking Wallet
PointPay Banking Wallet can help its clients easily and safely store more than 10 cryptocurrencies, including of course Bitcoin. They say that you can earn up to 30% interest every year, and you also get daily interest on your cryptocurrencies as well. They let their clients take out cryptocurrency loans, and you can download the app for either Android or iOS, whichever one you are on.
Binance is a strong contender for being one of the best cryptocurrency wallets for Bitcoin in the industry. They can help you not only with Bitcoin, but with more than 150 other cryptocurrencies, and the best part is that they provide their clients with an API that helps you integrate your current trading application effortlessly.
One of the things that we like the most about this Bitcoin wallet is that it offers a broad range of tools to make the process of trading online really easy and practical. It is also one of the safest Bitcoin wallets out there, providing its clients with around the clock customer support. You can use it either on your desktop, or for iOS and Android.
Trezor is a Bitcoin wallet that also offers its clients hardware wallet options. This means that you can easily plug your computer or smartphone into your wallet and access your funds from here. They say that they give you a randomly generated pin code, so that you can keep your device safe and secure.
This is perhaps one of the safest ways to store Bitcoin, because you can take it off the internet and it can’t be stolen by hackers. This particular wallet supports more than 1000 cryptocurrencies, and it is super simple and easy to use. It also offers its clients a private key, which is the highest tier of security you will find.
BlockFi is a super simple Bitcoin wallet that can help you earn money from having cryptocurrency. They can also help you store your Bitcoin, and the best part is that you can access their storage system without needing a minimum balance. You can also trade safely without any hidden fees, and you can open an account really easily. Whether you are on iOS or Android, you can access your account, and you can trade with just a click of the mouse.
Bitfinex is a crypto trading platform and a way to safely store all of your Bitcoin. The best part is that it can help you with other cryptocurrency storage as well, so that you can keep all of your currencies in one place. They say that their Bitcoin wallet can be accessed either on iOS or Android, and they offer their clients a large range of tools to make the trading process really easy. If you want, they also provide their clients with comprehensive reports around trades, so that you can work out what’s doing really well, and what’s not worth the risk.
Paxful is a marketplace where you can sell and buy Bitcoin really easily. They say that they offer their clients more than 300 payment methods, and their Bitcoin wallet is super easy for you to use if you are new to the industry still and don’t really know how to use one properly. However, if you want to use it as an experienced trader, you can still get what you need from it. One aspect of this Bitcoin wallet that we really like is that you can withdraw your funds directly from your bank account.
Ledger Nano offers its clients hardware that supports not just Bitcoin, but a host of other cryptocurrencies. One of the things that we like about their hardware wallets is that they come with an LED display, as well as a PIN so that you can confirm that the device is completely safe to use and secure from being infiltrated in any way. One thing that we like about this Bitcoin wallet is that you can easily access it through a USB compatible device, and you can install more than 100 apps. You are in control of your crypto across the board, which is the ultimate goal with this kind of crypto wallet.
eToro is a Bitcoin wallet that can help you with a number of different trading methods, from index-based funds to social trading and commodities. All you need to do to purchase Bitcoin through this wallet is to sign up, link to your bank account, and transfer your funds into your eToro account. Once you’ve done this, you will be able to start trading Bitcoin really easily. We love that they can help you build up your crypto portfolio and invest in and trade top stocks. You can get them either for iOS or Android, which is a nice touch.
Wirex is another Bitcoin wallet that has a lot of features on offer for its clients, and it doubles as a multicurrency travel card that updates itself all the time, so that you can trade your Bitcoin in local currency, and you won’t even have to pay an exchange fee. This is another hardware wallet that is going to keep your Bitcoin nice and safe, and the best part is that you can spend and store cryptocurrencies or traditional currencies anytime and anywhere. This means that you are in complete control of your currencies, and you get to do it all through one platform.
Bitcoin Armory is an open-source Bitcoin wallet that comes with cloud storage, and you can manage your Bitcoin currency without the internet, which is always nice. A lot of the time it pays to be able to do this without being online, otherwise you risk your Bitcoin being stolen or hacked.
Paper Wallet is literally just a printed piece of paper that has your private key and cryptocurrency address, that you will need when you want to trade your assets. All you have to do to get your private key is to scan the QR code on the piece of paper, which we think is a really good level of security. This way, you can keep your Bitcoin completely safe, and you can keep it stored away for a rainy day. This reduces the risk of being hacked as you aren’t connected to the internet.
BRD is another Bitcoin wallet that is super user-friendly, and they say that they have a rewards program for their clients, which is always nice. You can of course exchange Bitcoin on their platform, but you can also exchange other cryptocurrencies as well. They even offer their clients hardware encryption for an added level of security. With this type of Bitcoin wallet, you can take them anywhere you go, and they have a super friendly interface so that it is accessible to everyone, whether you are experienced in the crypto trading arena or not.
Guarda Wallet is a cryptocurrency wallet that can help you with so much more than just Bitcoin – they can help you with 40 other cryptocurrencies, and 10,000 traditional currencies. One of the things that we like about this Bitcoin wallet is that you can use them either on desktop or through mobile, and they also come as a Chrome extension. It makes it a lot safe and easier to transfer funds, and you can earn cryptocurrencies by holding coins.
Lumi Wallet is a Bitcoin wallet that is an extremely user-friendly blockchain wallet in general. They claim to be one of the best Bitcoin wallets out there, and we’re confident that this is true. They say that they can help you conduct any transaction that you need within just a couple of clicks, and you don’t have to share any personal information to do so – you don’t even need to register. Because it is an open-source wallet, this means that the code is publicly available.
GreenAddress is a Bitcoin wallet that retains a lot of the control on your end, so if this is what you are looking for, you’ve come to the right place. What we love about this Bitcoin wallet is that it’s one of the only ones that can help you with two private keys, which is the highest level of security you could ask for. The best part is that you can check your balance without exposing your software wallet, keeping it safe from hackers. It also offers resigned transactions that is ultimately going to end up saving you time.
Mycelium is a super easy to use, mobile-only blockchain and Bitcoin wallet that makes the entire process really straightforward. It claims to be one of the best Bitcoin wallets out there, and something that makes them unique is that you get to set custom transaction fees. They say that they will let their clients choose how long you can wait for a transaction to be completed, which is pretty cool. Additionally, they have hardware wallets for you to choose from, as well as secure authentication, so that you know your Bitcoin is going to remain safe and secure.
Edge is a mobile Bitcoin wallet that can be used with Android and Mobile devices. It is definitely one of the best Bitcoin wallets out there and offers more than 30 currencies. One of the things that we like the most about this Bitcoin wallet is that it offers its clients more than one factor of authentication, which means that you can feel confident that your Bitcoin is going to stay safe when stored. It’s super easy to get started with this Bitcoin wallet on mobile, and it lets you shift between multiple cryptocurrencies on the go. You can log in on more than on device, and you can back up your wallet with your username and password.
Xapo is a Bitcoin wallet that can help you create a robust banking alternative that still provides the same level of security and accessibility for all of your assets. They say that their clients get a prepaid debit card that is compatible with most PoS systems, and Bitcoin ATMs. One of the things that we like about this Bitcoin wallet is that it offers you instant notifications about your spending, and you can store your savings to protect them against fraud and hackers. If you need to, you can easily share your account with other members, and they have data encryption technology at every step.
Jaxx is a really popular Bitcoin wallet that not only supports Bitcoin, but other major cryptocurrencies as well. In fact, they can help you exchange more than 80 cryptocurrencies out there, making them extremely versatile. One of the things that we like about this Bitcoin wallet is that you can easily track the market and analyze changes in price as well as market caps, so that you can do a bit of trading on their platform as well. You can use this Bitcoin wallet with Linux, Windows, Android and iOS.
Electrum is one of the oldest Bitcoin wallets in the industry. They say that they are one of the best wallet options when it comes to privacy and security, and we love that they have a waiting time low when it comes to conducting your transactions. They can even help their clients integrate hardware wallets as well, and you can easily verify all of your transaction history, which means that they have a really high level of security around their features.
Atomic Wallet is a cryptocurrency wallet that can help you manage not only your Bitcoin, but your Ethereum, Litecoin, and 300 other tokens and coins. It is definitely one of the best Bitcoin wallets if you want to be able to do everything in one location. We love that they leave it up to you to completely control your funds, and if you need it you can get in touch with them straight away either through email or live chat.
Monero is a super easy to use Bitcoin wallet that is not only private and secure but is fast and efficient. You can send your money safely to others out there, and they can help you with a number of different crypto platforms. You can send your Bitcoin to anywhere in the world, and it’s not going to cost you all that much. You can also keep your transactions confidential.
Exodus is a Bitcoin wallet that can help you securely manage and exchange your Bitcoin. They say that they can help you diversify your portfolio, and they have advanced security for your cryptocurrency that you might not be able to find anywhere else. If you want to, you can monitor the movements of the market through your Bitcoin wallet here as well, and you can do all of this either on desktop or through mobile.
Robinhood is another Bitcoin wallet that you might have heard of already, because they have received a lot of media attention recently. They can help you customize most aspects of your digital currencies, and they can help you do everything through your smartphone as well, so that you don’t always have to be near a desktop to gain access to your cryptocurrency.
Blockchain is one of the most popular and safest wallets to use if you’re looking to store Bitcoin, and the best part is that you can use it to store and invest more than just Bitcoin. You can easily keep track of your digital tokens through this platform, and you can even exchange one cryptocurrency for another. They offer their clients a cold wallet, where you can store your funds, and a hot wallet, where you can keep some of your Bitcoin for daily transactions. So, with these guys you get complete control, you are able to back up your funds, and you can protect your digital assets from unauthorized access.
Coingate is a robust and secure Bitcoin wallet that can help you store not only Bitcoin, but other cryptocurrencies like Litecoin and Ethereum. They say that they offer their clients a wide variety of purchasing methods, and you can manage your Bitcoin really easily without a lot of effort. They have an easy checkout process for you to get through, and you can get hold of your cryptocurrency in almost no time at all. The best part? They support more than 50 cryptocurrencies.
BitIRA is a Bitcoin wallet that can help you gain access to quick updates on your Bitcoin value, so that you can prepare to invest and store your cryptocurrency in general. They say that they can help their clients stay updated on what’s happening with the crypto market in general, and they can also help you view your current digital balance easily.
FTX is a Bitcoin wallet that helps you trade your digital currencies really easily, and they can help you whether you are a beginner trader, or a veteran of the industry and know everything there is to know about crypto trading. They can help you with a large number of trading contracts, and the best part is that you can implement your trades either on desktop or through your smartphone.
Phemex is a Bitcoin wallet that helps you trade your digital assets really easily, and they can help you purchase your cryptocurrencies with a credit card, or another payment method – at the end of the day it’s completely up to you. They can also help you maintain the security of your assets with an offline signature, and they have live support available whenever you need it in more than one language. You can use these guys either for Android or iOS – whatever is going to be easier.
Bybit is a Bitcoin wallet that provides its clients with effortless user experience, and they can help you customize your application according to what you need. They also say that they provide their clients with around the clock customer support, and you can keep track of your trading records, so that you don’t ever have to miss out on a good trade ever again. You can use these guys either on Android or iOS, and you can transfer from your bank with just a couple of clicks.
Bitcoin IRA is a platform that can help you purchase cryptocurrency with almost no effort. The best part is that they can help you gain tax-free profits, and you can easily store all of your assets online. You can trade and buy digital currency on this platform in real time, and you can invest not only in Bitcoin, but in Ethereum and gold.
Overbit is another way to store your Bitcoin currency in a manner that is safe and secure. Naturally, just like many of the other companies on this list, they can help you with protection from negative positions, and they can help you stay in the green with your account balance. They offer their clients risk management, so that you don’t get yourself into something that is over your head, and they also say that they have availability with their cold wallets.
What is a Bitcoin Wallet?
A bitcoin wallet is a software application that you can use to store Bitcoin. However, it isn’t a physical thing – it exists online, and is encrypted so that you can store Bitcoin safely.
How Do You Add Funds to a Bitcoin Wallet?
The first thing you will need to do is decide how much Bitcoin you want to purchase. Once you’ve done, then you can use a credit card or another form of payment to transfer the amount to your Bitcoin wallet.
How Does a Bitcoin ATM Work?
Bitcoin ATMS is just a centre online where you can buy Bitcoins with fiat money. Some ATMs will also sell you Bitcoin.
How Do You Protect Your Bitcoin Wallet?
– Keep a small amount in your wallet.
– Back your wallet up online.
– Encrypt the backup.
– Use a strong password.
– Make sure that you don’t lose the password.
Can You Take a Loan Out Against Crypto in Your Wallet?
Yes, this is known as a Bitcoin loan, and it is similar to a traditional loan that you would get from a bank.
What is a Bitcoin Address?
A Bitcoin address is kind of like an account number. It denotes which wallet the coins can be sent to, like a bank account number. The biggest difference between the two is that wallets have more than one address. You can customize your Bitcoin wallet address by including payment request details.
What Happens if the Wallet Company is Shut Down?
If the company you’ve got a hardware wallet in goes bust today, you can still access your wallet. However, you will need to have your own node in order to conduct the transaction. With a software wallet, you might not be able to access the funds, especially if the company held your private key.
Important Factors in Considering a Crypto Wallet
- Usage: the biggest thing you need to think about is what you are using your Bitcoin wallet for. If you want to store away your Bitcoin for a long time, then a hardware wallet is a good choice.
- Two-factor authentication: a feature like this lets you verify your identity in two different ways when logging into your Bitcoin wallet. This protects it against hackers.
- Multi-signature support: when a Bitcoin wallet is owned and operated by more than one person, then you will need to associate more than one signature with it. Make sure that you and your business partners can all access the wallet.
- Exchanges and crypto wallets: the best type of crypto wallets for Bitcoin are those that double as an exchange, so that you can trade your Bitcoin at the same time.
- Single currency vs. multi-currency: lots of crypto traders trade more than just Bitcoin. Therefore, you might need to find a wallet that supports more than one type of crypto currency.
- QR code scanner: if you want to be able to access your wallet on the go, then you need to associate it with a QR code scanner. This is going to make it super easy to make transfers.
- Backup option: all reliable Bitcoin wallets will come with a backup, so if something happens to your primary wallet, you don’t lose all of your funds.
Different Types of Crypto Wallets
- Hot wallets: this kind of Bitcoin wallet is stored on a device, which you will need the internet to access. They are less secure than cold wallets.
- Cold wallets: they are created on a device and stored on the device, so you don’t need the internet to access it.
- Hosted wallets: these are hosted on another server that you don’t have control over. They are used by hackers, because they offer various levels of protection from third parties.
- Decentralized wallets: this is where you are the only person that holds the key to your crypto wallet. This means that you have complete privacy, and it also means that you don’t have to be dependent on a third party to send your currency.
- Hardware wallets: this is a physical product, like a USB drive. This is the most secure Bitcoin wallet you can get, but it’s only applicable if you want to store your currency and not trade it very often.
- Software wallets: another name for these are hot wallets. You don’t need to download anything to use them, and you will need the internet.
So, there you have it – what we believe to be the best Bitcoin wallets out there right now. As you can see, there are quite a few to choose from, so take a bit of time to determine which one is going to suit your needs the best. Also take the time to figure out what kind of crypto wallet in general is best for your trading needs, so that you can store your cryptocurrency securely without risking it being stolen. Good luck!