3 Best of Overall Bitcoin Wallet

3 Best of Overall Bitcoin Wallet

Bitcoin BTC has taken the world by storm, offering a currency alternative to the government-backed currencies we all know from daily use. Proponents argue that Cryptocurrencies are easier, safer and offer better privacy than traditional currencies. Because the Price of a Bitcoin compared to the U.S. dollar and other fiat currencies price has skyrocketed over the last couple of years, it has shown up on some people’s radar as an investment opportunity as well."3 Best of Overall Bitcoin Wallets"

3 Best of Overall Bitcoin Wallet

Before you put fiat money into Bitcoin or any other cryptocurrency wallet, it is important to understand the risks. Bitcoin could easily double in price value over the next few years, but it could just as easily drop to near zero in value. Only put in what you can afford to lose because there is a chance you won’t get it back. If you understand the investment risks and you’re ready to move forward, any of these best Bitcoin wallets should have you covered.

Blockchain Bitcoin Wallet

Blockchain is the technology that allows BTC and other digital currencies to exist. Expect to know more about Blockchain far beyond the Cryptocurrency world. The Blockchain.info crypto company is similar to Coinbase in that it is an online wallet, but you can’t buy or sell directly through Blockchain, which means your BTC storage is separate from your BTC marketplace.

Because it is not a full Crypto exchange, it is considered to be more secure than a site like Coinbase, where you can bet that bad guys are constantly attempting to hack. If you are not a computer user, using a Crypto exchange like Coinbase wallet is much easier. This separation adds support of security, but also a level of complexity in your Bitcoin use.

Coinbase wallet

Coinbase wallet is one of the easiest ways to buy, sell and hold cryptocurrencies, which earns it the first spot on this list. With Coinbase, you can connect to a U.S. bank account and easily transfer fiat money in or out of your dollar wallet. You can use those currency, or transfer in new ones, to buy and sell. In addition to BTC, Coinbase currently supports Bitcoin Cash, Ethereum and Litecoin. There are constant so much rumors of additional currencies like Ripple XRP getting support from Coinbase wallet as well.

While the big upside of Coinbase wallet is ease of use, that is offset with some worries about security. Mt. Gox bitcoin exchange was at one point the dominant platform for Bitcoin and other currencies. That is until it was hacked and lost nearly half a billion US dollars. But Coinbase did learn from Mt. Gox exchange loss, and has very firm security in place and regularly updates and improves the entire user experience.'3 Best of Overall Bitcoin Wallet'

Trezor Bitcoin wallet

Trezor Bitcoin wallet is not a full buying and selling platform like Coinbase. Instead, it is simply a place to store your BTC. Trezor Bitcoin Wallet is a physical device that plugs into your computer, tablet or phone to access your coins. The Trezor Bitcoin wallet works with multiple currencies and works as a password manager, two-factor authentication device and other useful features.

Trezor wallet offers some protections against lost passwords, lost devices and lost Bitcoin, but you should learn from other’s sad lessons and make sure that never, ever happens. The entire point of this digital Bitcoin wallet is to keep others from stealing your BTC, so you can assume the recovery process is not necessarily an easy one.

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