What is the Best Bitcoin Wallet

What is the Best Bitcoin Wallet

Bitcoin, a cryptocurrency system which makes the lord entry in the online payment system and changes the online payment services very simply. The best thing in this service is, all of an online payment system depends on various currencies like USD, Euro, Yen, Rupee etc but Bitcoin supports all of other currencies and accepted by the many marketplaces and merchant. You can easily transfer, get some Bitcoin, purchase something, or provide someone for his services in online, and if you want to pay or receive bitcoin, you need the Bitcoin wallet.

What is a bitcoin wallet?

A Bitcoin Wallet is nothing but like a real wallet in the virtual world. But the advantage is no one can take it or steal it from you. And you can pay or receive easily in online which is not possible for a real wallet without the help of the bank. But Bitcoin does not need any third party support for any kind of transaction in online.  And Bitcoin wallet can easily do it by your permission. Let’s have a discussion about some best Bitcoin wallet.

Best Bitcoin wallet

To know about the best Bitcoin wallet today, we should know the different types of wallet. there are many ways to use Bitcoin and so many wallets to use Bitcoin, some of the Bitcoin wallets are:

  1. Online wallet: An online wallet can be used from anywhere by a device which is connected to the internet.
  2. Bitcoin hardware wallets: Bitcoin hardware wallet is a physical device designed to secure bitcoins.
  3. Software wallets: A Bitcoin software wallet is a wallet application downloaded to your phone, computer or tablet.
  4. Paper wallets: A Paper Bitcoin wallet is a Bitcoin private keys printed from an offline computer.

On the go: if you are not in the online and you are making payments in person than a mobile wallet like Copay, bread wallet or Mycelium is a must.

Some other wallets are:

Universal Wallets

  • Copay

Hardware Wallets

  • Ledger Nano
  • Ledger HW.1
  • Ledger Unplugged

Online Bitcoin Wallets

  • GreenAddress
  • SpectroCoin

Mobile Wallets for Android

  • bread wallet
  • Mycelium
  • Bitcoin Wallet
  • Airbitz
  • GreenBits

Mobile Wallets for iOS

  • bread wallet
  • Copay
  • Airbitz

Desktop Wallets

  • Armory
  • Bitcoin Core
  • Electrum
  • MultiBit HD

These are some best apps for your Bitcoin Wallet, can be connected to the internet and can also use by offline. There is also a wallet system which called Paper Wallets are described on top and now there are some rules and regulation to maintain your Bitcoin Wallet safe and easy to use. they are,

  • Best Practices
  • Control your private key
  • Protect your privacy
  • Don’t reuse addresses
  • Use different wallets for different sums of money
  • Create multiple secure backups
  • How to Store Bitcoins
  • Hot Wallets
  • Custodial Services
  • Cold Storage
  • Multisignature Wallets

So in the discussion, you may become to know detail about Bitcoin Wallet. And if you want to know any kind of information you can come to our website and also came to know about update news for Bitcoin.

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