{"id":19777,"date":"2019-10-23T23:47:39","date_gmt":"2019-10-23T15:47:39","guid":{"rendered":"https:\/\/www.hongkiat.com\/blog\/?p=19777"},"modified":"2022-04-12T19:08:01","modified_gmt":"2022-04-12T11:08:01","slug":"bitcoin-wallets","status":"publish","type":"post","link":"https:\/\/www.hongkiat.com\/blog\/bitcoin-wallets\/","title":{"rendered":"14 Best Cryptocurrency Wallets to Store Your Cryptos"},"content":{"rendered":"<p>Here\u2019s something every bitcoin owner should know: the safety and security of your bitcoins is ultimately <strong><em>your<\/em> responsibility.<\/strong><\/p>\n<p>Combining <strong>digital security knowledge<\/strong> as well as <strong>secure bitcoin storage<\/strong> is important if you don\u2019t want your accounts hacked and bitcoins drained. Remember \u2013 <strong>bitcoin transactions are not reversible<\/strong>. To send or spend bitcoins, one must have access to both public and private keys. <strong>Private keys, especially, must be protected<\/strong>.<\/p>\n<div class=\"ref-block ref-block--post\" id=\"ref-post-1\">\n\t\t\t\t\t<a href=\"https:\/\/www.hongkiat.com\/blog\/bitcoin-questions\/\" class=\"ref-block__link\" title=\"Read More: Bitcoins - What You Need to Know\" rel=\"bookmark\"><span class=\"screen-reader-text\">Bitcoins - What You Need to Know<\/span><\/a>\n<div class=\"ref-block__thumbnail img-thumb img-thumb--jumbo\" data-img='{ \"src\" : \"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/bitcoin-questions.jpg\" }'>\n\t\t\t\t\t\t\t<noscript>\n<style>.no-js #ref-block-post-16356 .ref-block__thumbnail { background-image: url(\"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/bitcoin-questions.jpg\"); }<\/style>\n<\/noscript>\n\t\t\t\t\t\t<\/div>\n<div class=\"ref-block__summary\">\n<h4 class=\"ref-title\">Bitcoins - What You Need to Know<\/h4>\n<p class=\"ref-description\">\n\t\t\t\t\t\tMany netizens have heard of bitcoin, the digital currency. This means it exists electronically. To be more precise,...\t\t\t\t\t\t<span>Read more<\/span><\/p>\n<\/div>\n<\/div>\n<h2>Types of Bitcoin Wallets<\/h2>\n<p>There are a few <strong>types of bitcoin wallets<\/strong> and they have varying security mechanisms to ensure the safety of private keys.<\/p>\n<p>Simplistically, bitcoin wallets can be divided into <strong>5 types<\/strong>: desktop, mobile, online, hardware and paper wallets. Some types may overlap or used in combination with each other. I\u2019m going to touch on <strong>what to expect from each type<\/strong> and feature a few examples you can try out.<\/p>\n<p>Here are 14 secure bitcoin wallet options you can choose from.<\/p>\n<h2>Desktop wallet<\/h2>\n<ul>\n<li>Bitcoin desktop wallets <strong>offer one of the highest (if not the highest) levels of security<\/strong> in terms of bitcoin storage.<\/li>\n<li>You must <strong>download the software to your computer<\/strong> and <strong>perform bitcoin transactions from desktops<\/strong>, so it may not be practical for some people.<\/li>\n<li>This option can be <strong>technical and confusing for bitcoin newbies<\/strong>.<\/li>\n<\/ul>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoin.org\/en\/download\">Bitcoin Core<\/a><\/h3>\n<p>Bitcoin Core is the <strong>first and original wallet<\/strong>. Using this option means <strong>having control over both your public and private keys<\/strong>, which ensures safe storage.<\/p>\n<p>However, Bitcoin Core also <strong>requires a lot of space<\/strong> as the software <strong>comes with data on every bitcoin transaction ever performed<\/strong>.<\/p>\n<p>According to the download page, as of 2016 you need 65GB of free space \u2013 this number will increase as more bitcoin transactions happen every day.<\/p>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bitcoinarmory.com\/\">Armory<\/a><\/h3>\n<p>Calling themselves <em>\u2018The Only Open-Source Wallet With Cold Storage And Multi-Signature Support\u2019<\/em>, Armory is one of the popular options around for desktop bitcoin wallet.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/armory.jpg\" alt=\"armory\" width=\"500\" height=\"375\"><\/figure>\n<p>Private keys are <strong>stored in an offline computer<\/strong>, which means that only someone with access to the <strong>physical location<\/strong> of the computer (it is kept secret) can steal bitcoins.<\/p>\n<h2>Mobile Wallets<\/h2>\n<ul>\n<li>Bitcoin mobile wallets are not only <strong>accessible<\/strong> and <strong>practical<\/strong><\/li>\n<li>Many also <strong>incorporate other layers of security<\/strong> to ensure users\u2019 bitcoins are not compromised.<\/li>\n<li>It is a good idea to <strong>keep only a small amount of bitcoins in mobile wallets<\/strong> while keeping the rest in more secure options.<\/li>\n<\/ul>\n<p>Note: All the recommendations below are available for both Android and iOS users.<\/p>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/wallet.mycelium.com\/\">Mycelium<\/a><\/h3>\n<p>Mycelium is one of the <strong>safest<\/strong> and <strong>most recommended<\/strong> options for secure bitcoin storage on mobile. Boasting \u2018bank-grade security\u2019, it boasts <strong>Hierarchical Deterministic<\/strong> wallets, <strong>private key deletion<\/strong> and <strong>\u2018watch only\u2019 accounts<\/strong>.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/mycelium.jpg\" alt=\"mycelium\" width=\"712\" height=\"558\"><\/figure>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/wirexapp.com\/\">Wirex<\/a><\/h3>\n<p>This full-fledged bitcoin service provider offers both <strong>online and mobile<\/strong> secure bitcoin wallets. What differentiates Wirex from the rest is its <strong>ease of use while not compromising security<\/strong>.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/wirex.jpg\" alt=\"wirex\" width=\"1054\" height=\"650\"><\/figure>\n<p>Users get <strong>multi-signature (\u2018multi-sig\u2019) wallets<\/strong> and can enable <strong>2-factor authentication <\/strong>(2FA) for both app and Wirex-linked email addresses, making third-party breaches hard.<\/p>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/xapo.com\/\">Xapo<\/a><\/h3>\n<p>Famous for its vault and security, <strong>Xapo<\/strong> combines <strong>cold storage<\/strong> and <strong>multi-sig technology<\/strong> to keep users\u2019 bitcoins safe. Its servers are kept \u2018behind reinforced concrete walls, a steel blast door and radio wave-blocking Faraday cage\u2019, located \u2018within the Alps\u2019.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/xapo.jpg\" alt=\"xapo\" width=\"1124\" height=\"667\"><\/figure>\n<h2>Online wallets<\/h2>\n<ul>\n<li>Online bitcoin wallets are wallets that are <strong>easily accessible on the Web<\/strong> via any device so long as it can be connected to the Internet.<\/li>\n<li>It is <strong>easier and faster to make transactions via online wallets<\/strong> due to its accessibility.<\/li>\n<li>Phishing, malware, insider hacking or plain lack of digital security knowledge <strong>makes it easy for hackers to steal bitcoins<\/strong> from online wallets.<\/li>\n<li>The failure of two huge bitcoin exchanges (Mt Gox and Bitfinex) <strong>makes people wary of such services<\/strong>.<\/li>\n<\/ul>\n<p>Although the bitcoin wallets recommended in this section have a high reputation, we suggest you <strong>keep larger amounts of bitcoins in other types of wallets<\/strong>.<\/p>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockchain.info\/\">Blockchain.info<\/a><\/h3>\n<p><strong>Blockchain.info<\/strong> is the most popular (8 mil wallets) website everyone uses to <strong>perform and check bitcoin transactions<\/strong>. They are often praised for their <strong>ease of use, multi-country support, and cross-platform capability<\/strong>.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/blockchain.jpg\" alt=\"Blockchain.info\" width=\"1078\" height=\"685\"><\/figure>\n<p>Aside from web wallet, Blockchain.info is also <strong>available on desktop and mobile app<\/strong>.<\/p>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bitgo.com\/\">BitGo<\/a><\/h3>\n<p>A respected name in the Bitcoin world, <strong>BitGo<\/strong> is <strong>considered a leader in blockchain security<\/strong>. BitGo is great for individuals and businesses <strong>who prefer near-instant transactions<\/strong>. Usually, a bitcoin transaction needs between <strong>3-6 confirmations, taking about 30-60 minutes<\/strong>.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/bitgo.jpg\" alt=\"BitGo\" width=\"1049\" height=\"461\"><\/figure>\n<p>With BitGo Instant and its <strong>zero-confirmation technology<\/strong>, users can make both secure and fast transactions.<\/p>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/greenaddress.it\/en\/\">GreenAddress<\/a><\/h3>\n<p>Many bitcoin holders <strong>have the tendency to check bitcoin wallets multiple times to reassure themselves their bitcoins are still there<\/strong>. This constant login-logout might be unsafe if it was done over unsecured WiFi or exposed to malware or phishing tactics.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/green-address.jpg\" alt=\"GreenAddress\" width=\"811\" height=\"615\"><\/figure>\n<p><strong>GreenAddress\u2019s<\/strong> watch-only mode helps users to <strong>check balances without compromising safety<\/strong>. Hierarchical Deterministic wallets also help to keep users\u2019 bitcoins secure.<\/p>\n<h2>Hardware Wallet<\/h2>\n<ul>\n<li>The method of choice for many bitcoin holders to <strong>keep significant quantities of bitcoins<\/strong><\/li>\n<li>Hardware bitcoin wallets are <strong>user-friendly and portable<\/strong>.<\/li>\n<li>All of these Plug-and-Play options <strong>give users complete control of their own bitcoins<\/strong>.<\/li>\n<\/ul>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hongkiat.com\/blog\/go\/trezor\">Trezor<\/a><\/h3>\n<p>A trusted name and endorsed by many key Bitcoin community leaders, Trezor is small and simple to use. It features <strong>security against malware and disaster recovery in case of theft or loss<\/strong>.<\/p>\n<div class=\"ref-block ref-block--post\" id=\"ref-post-2\">\n\t\t\t\t\t<a href=\"https:\/\/www.hongkiat.com\/blog\/setup-trezor-beginner\/\" class=\"ref-block__link\" title=\"Read More: How to Setup TREZOR Wallet (For First-timers)\" rel=\"bookmark\"><span class=\"screen-reader-text\">How to Setup TREZOR Wallet (For First-timers)<\/span><\/a>\n<div class=\"ref-block__thumbnail img-thumb img-thumb--jumbo\" data-img='{ \"src\" : \"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/setup-trezor-beginner.jpg\" }'>\n\t\t\t\t\t\t\t<noscript>\n<style>.no-js #ref-block-post-37996 .ref-block__thumbnail { background-image: url(\"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/setup-trezor-beginner.jpg\"); }<\/style>\n<\/noscript>\n\t\t\t\t\t\t<\/div>\n<div class=\"ref-block__summary\">\n<h4 class=\"ref-title\">How to Setup TREZOR Wallet (For First-timers)<\/h4>\n<p class=\"ref-description\">\n\t\t\t\t\t\tIf you are serious about the cryptocurrencies in your possession, you should keep them in a hardware wallet...\t\t\t\t\t\t<span>Read more<\/span><\/p>\n<\/div>\n<\/div>\n<figure><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hongkiat.com\/blog\/go\/trezor\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/trezor.jpg\" alt=\"Trezor\" width=\"708\" height=\"477\"><\/a><\/figure>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hongkiat.com\/blog\/go\/ledger\">Ledger Nano<\/a><\/h3>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/ledgernano.jpg\" alt=\"Ledger Nano\" width=\"778\" height=\"505\"><\/figure>\n<p>The <strong>smallest<\/strong> and <strong>most cost-effective option<\/strong>, the USD-sized Ledger Nano comes in a few variations. Everyday users can select between Ledger Nano or Ledger Nano S. The latter is the first hardware wallet that can also <strong>store Ether (ETH\/ETH),<\/strong> making it the first of its kind.<\/p>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/shapeshift.com\/keepkey\">Keepkey<\/a><\/h3>\n<p>One of the biggest fears of a bitcoin holder is the unknown transactions that depletes all of their bitcoin savings. <strong>KeepKey<\/strong> helps to alleviate this fear. Users will have to <strong>approve each outgoing transaction on the KeepKey device, manually<\/strong>.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/bitcoin-wallets\/keepkey.jpg\" alt=\"Keepkey\" width=\"762\" height=\"493\"><\/figure>\n<p>Private keys remain in the device, which is also <strong>PIN-protected<\/strong> in case it falls into the wrong hands.<\/p>\n<h2>Paper Wallet<\/h2>\n<ul>\n<li>Bitcoin paper wallets are safe against hackers as <strong>the bitcoins are brought offline<\/strong>.<\/li>\n<li>Users have control of their bitcoins at all times as <strong>they keep own private keys<\/strong>.<\/li>\n<li>The problem, however, is storage. <strong>Paper can be destroyed, torn, fade or otherwise lost<\/strong>.<\/li>\n<li>Unlike hardware wallets, <strong>there is no recovery mechanism for paper wallets<\/strong> \u2014 so lost bitcoins are lost forever. This is something you need to keep in mind if you want to use this option.<\/li>\n<\/ul>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinpaperwallet.com\/\">BitcoinPaperWallet<\/a><\/h3>\n<p>Users can <strong>print tamper-resistant paper wallets<\/strong> with these services to keep their bitcoins offline. Offering additional security tips, designs, and supplies, this website is a favorite among <strong>bitcoin cold storage advocates<\/strong>. It even has a handy <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=a47rrYBWjWQ\">video<\/a> showing you how to use this paper wallet.<\/p>\n<h3><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bitaddress.org\/\">BitAddress<\/a><\/h3>\n<p>BitAddress.org is a no-frills free service that can <strong>generate bitcoin paper wallets easily<\/strong>.<\/p>\n<h2>Conclusion<\/h2>\n<p>To a new bitcoin user, this information might seem daunting. You might have heard of bitcoin losses due to hacks, malware, or perhaps simply human error.<\/p>\n<p>We suggest <strong>keeping most of your bitcoins in either paper or hardware wallets<\/strong> (or if you have space, in Bitcoin Core). If you must keep bitcoins in online or mobile wallets, <strong>spread them around in a few reputable websites as recommended above<\/strong>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Here\u2019s something every bitcoin owner should know: the safety and security of your bitcoins is ultimately your responsibility. Combining digital security knowledge as well as secure bitcoin storage is important if you don\u2019t want your accounts hacked and bitcoins drained. Remember \u2013 bitcoin transactions are not reversible. To send or spend bitcoins, one must have&hellip;<\/p>\n","protected":false},"author":156,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3411],"tags":[1963,3825,205],"topic":[4523],"class_list":["entry-content","is-maxi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>14 Best Cryptocurrency Wallets to Store Your Cryptos - Hongkiat<\/title>\n<meta name=\"description\" content=\"Here&#039;s something every bitcoin owner should know: the safety and security of your bitcoins is ultimately your responsibility. 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