When the first coins appeared, how to store money arose. People invented wallets that looked like small pouches. Today, this item is used as widely as before but looks different. In the modern world, there are not only coins and banknotes. Humanity wasn’t limited to this, and it invented cryptocurrency. Digital money also needs to be stored somewhere. Bitcoin wallets are designed for this.
Bitcoin is the digital equivalent of cash. This currency differs from others in that it exists only in electronic form. Therefore, a unique resource was developed for storing and performing transactions — the best bitcoin wallets. They look like regular e-wallets. But, at the same time, they have a significant difference: information is stored not on the server but in the Blockchain system. As a result, all data is highly secure.
Any Bitcoin wallet is an intermediate link between the user and the Blockchain system. Owners manage their funds using an individual key — a secret code. All the information about it must be kept in complete secrecy. A personal key is proof that Bitcoins belong to a specific user.
With the help of the best Bitcoin wallets, you can perform the following actions with cryptocurrency:
- Pay for goods and services;
- Exchange cryptocurrency for money;
- Receive Bitcoins to your account from other users;
- Accept payment for completed tasks on Bitcoin faucets.
Best Bitcoin Wallets to Store Your Coins Safely
To help you choose the best mobile Bitcoin wallet, we have a special list for you:
- ZenGo
This is the first keyless cryptocurrency wallet. You can set up your wallet in seconds without a password or private key and immediately make your first cryptocurrency purchase right from the app.
This is one of the best wallets for Bitcoin out there. It is primarily focused on ease of use. You can store not only Bitcoins but also Ethereum and Litecoin.
- Cryptopay
This is an online wallet where you can store and spend your money in the form of Bitcoins. Cryptopay is a UK-based company established in 2013. It is committed to offering the best payment solution.
- Blockchain
This platform is one of the top Bitcoin wallets. More than five million people use it. The wallet doesn’t require any applications to be installed on your computer. Instead, the wallet stores your Bitcoins on its servers in an encrypted form.
- Coinpayments
This wallet is designed to store Bitcoin and many other coins such as Litecoin, Dogecoin, Decred, Ether Classic, and dozens of others. You can also receive a certain amount of some coins for free just using their faucets. In addition, you can convert one cryptocurrency to another with minimal fees.
When choosing the wallet, you should understand that the more convenient it is, the lower its security. An essential principle of cryptocurrency is that you are responsible for your funds. The best BTC wallets open up many opportunities for advanced users. It is the safest way to store your funds. Using digital wallets, you may not worry about a hacker attack.