Bitcoin may be something new to some people. On the other hand, the famous cryptocurrency has been around for more than a decade. Bitcoin is one of many digital currencies that have become fairly common holdings among tech-savvy households. On this article, we are going to deliver some best bitcoin wallets to save your wealth.
Proponents of cryptocurrencies argue that digital currencies are easier and safer, and come with better privacy than traditional currencies. Because of its limited supply, Bitcoin has shown up on some people’s radar as an investment opportunity as well. However, it should be noted that cryptocurrencies are still risky investments.
If you understand the risks and you’re ready to move forward, the following best Bitcoin wallets can serve as good options for storing your bitcoins. The Balance gives some best bitcoins wallets reccomendation.
Best Bitcoin Wallets of 2020
- Coinbase: Best Overall
- Trezor: Best for Hardware Wallet for Security
- Ledger: Best Hardware Wallet for Durability
- SoFi: Best for Beginners
- Robinhood: Best for Free Buying and Selling
- Edge: Best for Mobile
- Exodus: Best for Desktop
Coinbase is one of the easiest ways to buy, sell, and hold cryptocurrencies. With Coinbase, you can connect a U.S. bank account and easily transfer dollars in or out of your wallet. You can use those dollars to buy Bitcoin and other cryptocurrencies.
This digital exchange and online cryptocurrency wallet provider is great for people new to Bitcoin. It makes buying and selling very similar to buying and selling stock through your brokerage account. Coinbase wallets can hold more than 20 cryptocurrencies including U.S. dollars and the USD Coin pegged to the dollar.1
Another great feature is Coinbase Earn, which gives you free cryptocurrencies in exchange for watching videos and taking quizzes.
If you use Coinbase, watch out for high fees and costs. There are flat transaction fees plus a spread Coinbase charges when converting between currencies. Those can add up quickly. Also, while they are definitely not a common occurrence, Coinbase has experienced outages in the past that left users unable to buy or sell.