Bitcoin has experienced tremendous growth over the past few years. Several factors have contributed to this, including the global economic crisis caused by the COVID-19 pandemic.
If you are investing in bitcoin, it is very important to take proper security measures. Bitcoin wallets are tools that actually defend the systems you require to obtain and sell your cryptoassets.
However, due to the sheer number of options, it can be difficult to choose the right Bitcoin wallet. Therefore, to help new investors keep their crypto assets safe, we bring to your attention the seven best bitcoin wallets.
What are Bitcoin wallets?
Bitcoin wallets store cryptographic keys required to access and transfer cryptocurrencies.
There are three main types of bitcoin wallets:
- Hot Wallets: These are online storage and are normally connected with a third-party setting or application. They perform putting cryptographic solutions more convenient and more available. However, in the event of a service disruption or cyber theft, it is unlikely that you will get your keys back, in fact, you will lose all your assets.
- Cold wallets: These are storage methods that are not related to the internet, which decreases the possibility of an advance on your assets. You can store your keys on a PC that is always offline and it will act as cold storage. They are safer than most hot wallets, but they also make asset trading inconvenient.
- Hardware wallets: Devices that contain your cryptographic keys on a physical medium. The main advantage of hardware wallets is that they can be connected to the internet on demand. This ensures the security of the keys and improves usability.
Best Bitcoin wallets for cryptocurrency holders in 2022
Are you looking for the most reliable Bitcoin wallets to save your cryptocurrency? Here are options to try.
- Exodus
It is a wallet for Bitcoin and another cryptocurrency. It supports over 100 different cryptocurrencies and allows users to store, send and receive currencies on the fly like xyo to bnb exchange. Plus, you can easily exchange one cryptocurrency for another right from your wallet. Transferring or accepting cryptocurrencies is similarly easy, due to the QR code opportunity given by this wallet.
What’s more, you can install the app on Windows, Mac, Linux, Android, and iOS devices. This performs Exodus one of the biggest Bitcoin hot wallets for newbies.
- Wasabi wallet
Wasabi is a free open-source bitcoin wallet. It is a warm wallet with built-in Tor union, CoinJoin business assistance, and many token key points. What’s more, Wasabi offers built-in desktop clients for Windows, Mac OS, and Linux. Thus, you can safely use it on any of your devices.
What’s more, all network attachments went to Wasabi go for many Tor bridges, getting it proper for privacy-conscious users. Overall, this is a great option for anyone looking for a secure yet flexible Bitcoin wallet.
- Guarda
Guarda is a non-custodial multicurrency crypto wallet for trading, collecting, and selling crypto assets. Combines simplicity and safety. Guarda supports multisig, built-in exchanger, and PoS-based staking.
Proof-of-Stake (PoS) is an advanced Proof-of-Work (PoW) consensus algorithm. Instead of expensive equipment that consumes a lot of electricity, nodes (nodes) are used to generate blocks, on which a certain amount of coins is reserved. Nodes add transactions to blocks and receive rewards.
One of the advantages of Guarda is help for other cryptocurrencies besides BTC. Guarda is the best bitcoin wallet for Windows, Mac OS, and Linux operating methods. There is additionally a mobile and web account of Guarda, as well as a money wallet.
