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Top Bitcoin Wallets 2020

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Since the emergence of Bitcoin in 2009, it is the first thing that comes to people’s minds when blockchain or crypto comes up. Bitcoin and other similar cryptocurrencies are highly volatile; however, they seem to be here to stay. As of today, one Bitcoin and other cryptocurrencies continue to appreciate; many people are slowly becoming interested in owning them. This leads to the importance of knowing how to store them securely.

 To accommodate those willing to invest safely in Bitcoin and use them in a Bitcoin casino, below are a few of the currently best Bitcoin wallets. Most of these wallets have differing features from each other. Some of these are the ability to store more cryptocurrencies than just Bitcoin and include other security measures. No specific order has been used except for the fact that hot wallets come before cold wallets. Hot wallets provide a less secure way to make any transaction, while cold wallets provide more secure storage for more extended periods. However, we recommend that you get a deeper understanding of these concepts before you settle on a wallet. This is because safety is essential.

Best Bitcoin wallets

Exodus: works best for beginners.

Electrum: Works best for advanced Users

Ledger Nano X: Works best for advanced users who are specifically interested in Bitcoin.

Trezor Model T: Works best for a large number of cryptocurrencies.

Exodus

This is a free hot wallet that is excellent for beginners. It comes in as a desktop and mobile wallet with an easy user interface and a built-in exchange. It has a notable feature where one can swap between different cryptocurrencies. It allows for swaps between 100 various cryptocurrencies.  

It is easy to use and makes it great for beginners who are just getting on to the crypto space. It also provides excellent support, which is crucial for newbies who are getting into what many consider confusing.

While it is appropriate for beginners, more experienced users tend to find it wanting certain features, it is a closed source wallet. This goes against the spirit of blockchain and Bitcoin’s very idea, creating some concerns in its secureness. This is because its code is not open for others to see. Users have to rely on Exodus’s team to ensure that no holes are present in how secure the wallet is. Exodus doesn’t also have the option to set custom transaction fees or any priority levels. It does this automatically and has varying priority levels that control the transaction fees.

Electrum

This is another hot wallet that’s free and is better placed for use by users who are more advanced and specifically interested in just Bitcoin. It is one of the very first Bitcoin wallets. It dates back to 2011. Little about it has changed since then. Except for the fact that this wallet is only committed to Bitcoin and is barebones in its user interface, it is exemplary in its primary function. It is also well suited for advanced users as it provides complex options. Electrum is an open-source wallet that permits its users to set up custom transaction fees.one has an option between Segwit and legacy Bitcoin. It also allows the users to determine whatever level of security that they desire to use. For example, you can make a standard wallet, one which has a two-factor authentication or one which is multi-signature. You can also go ahead and prolong your seed phrase with procedural words.

Ledger Nano X

This is a cold wallet that is a second-generation hardware wallet provided by Ledger. This is a French company that has been in the cryptocurrency arena for several years. Its predecessor, the Ledger Nano S, was one of the beginners in hardware wallets and reigned supreme for a few years.

The Nano X looks like a USB drive, and it connects to your device through Bluetooth or USB. This makes it possible to connect to your iOS or Android device, and thus you don’t need a computer. It can support well over 1500 cryptocurrencies. The list keeps growing as users keep asking for support from their favorite cryptos. While the Nano X is a cold storage hardware wallet, its support team has created a live Ledger software that offers a user interface for all your holdings. This offers users the ability to manage their portfolios and add new wallets for various cryptocurrencies. Ledger hardware wallets remain to be the most widespread in the industry. The Ledger also comes with a USB Type-C cable that makes it easy to connect to your desktop or smartphone.

Trezor Model T

This is a cold wallet that is suitable for holding a large number of cryptocurrencies. Just as Ledger is, Trezor is a name that is synonymous with crypto cold wallet storage. The Model T is the second generation hardware wallet that they have made. It is very similar to the Ledger; however, it allows the user to access third party exchanges like Shapeshift straight from the website’s interface. This is convenient but does not justify the $170 price tag. It utilizes a touch screen, making it easier to use for beginners than its predecessor, which used buttons. It has a MicroSD card slot that allows you to use Micro SD cards to encrypt the pin and protect your device further from attacks.

Just like the Ledger Nano X. This Model T comes with a USB Type-C cable that connects to either your desktop or smartphone. It currently supports over 1400 various cryptocurrencies . Some users consider it more secure than the Ledger Nano X due to the X’s ability to connect to Bluetooth.

Conclusion

The cryptocurrency landscape can be scary to deal to handle. We have chosen wallets that give you a secure, trustworthy, easy to use, and have a well-proven quality level of the wallets and their creators.

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Syandita Malakar Hi guys this is Syandita. I started Business Module Hub to help you all to post updated articles on technologies, gadgets. Although I love to write about travel, food, fashion and so on. I quite love reading the articles of Business Module Hub it always update me about the new technologies and the inventions. Hope you will find Business Module Hub interesting in various way and help you accordingly. Keep blogging and stay connected....!
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