Robinhood: Best for Free Buying and Selling
Robinhood started as a free stock trading platform and has expanded to include Bitcoin and other cryptocurrencies. Robinhood is both a wallet (to store currency) and an exchange like Coinbase (to buy/sell currency), so everything is in one place.
However, you can not transfer coins to and from Robinhood with another wallet. Robinhood is a mobile-first platform but has a desktop version too. And what really sets Robinhood apart is that it is completely free to use.
There are no commissions when buying or selling Bitcoin. Robinhood customers can currently buy, sell, and hold Bitcoin, as well as six other cryptocurrencies. Also, it is important to note that Robinhood has experienced some outages in the past, so it may not be quite as reliable as some other wallet providers.
Edge: Best for Mobile
Edge is a mobile wallet for iOS and Android devices. You can quickly install it from the Apple App Store or Google Play Store to get up and running in just a few moments. Edge allows you to buy, sell, and exchange (“real” money) and cryptocurrency from your phone.
One username and password gets you into your secure Edge account. Once logged in, you can access more than 30 different coins. These include top coins like Bitcoin, Ethereum, Ripple, Stellar, Tezos, and more.6
Integrations with the app allow you to do more than just exchange currency, which makes it a strong choice for mobile users. It taps into blockchain services that allow features like discounted gift cards. Its login system is very secure—so secure, in fact, that some other online sites use it as an authentication system.
Exodus: Best for Desktop
Exodus is a software wallet that lives on your laptop or desktop computer. There’s a mobile app version available as well. This digital wallet includes an attractive user interface that puts many investor-focused tools in your hands.
The desktop-first wallet, which also integrates with Trezor wallets, turns your digital currencies like Bitcoin and many others, into a portfolio with graphs and charts. You can exchange and store coins right on your desktop or in the app. It supports more than 100 different digital assets too.
There is no account setup, so your currency and wallet are just for you. Exodus gives you a private key to access your bitcoin, as well as other useful security tools to keep your assets as safe as possible. Remember, though, that your private key is stored on your computer. Make a backup of the key to ensure it’s safe just in case your computer is stolen or dies.