Bitcoin Wallets | Top Best Bitcoin Wallets In 2022
Overview Of Bitcoin Wallet
Bitcoin wallets are the first step in any bitcoin purchase. They are essentially digital wallets where you can store your bitcoin. There are a variety of different wallets available, and each has its own advantages and disadvantages.
One of the most popular bitcoin wallets is the Bitcoin Core wallet. This wallet is open source and is well known for its security. It is also available on many different platforms, including Windows, Mac, and Linux. Another popular bitcoin wallet is the Electrum wallet. This wallet is also open source and is very user-friendly. It is also available on many different platforms, including Windows, Mac, and Linux.
Top Best Bitcoin Wallets List
- Coinbase Wallet: Best for beginners
- Electrum: Best for Bitcoin
- Mycelium: Best for mobile
- Ledger Nano X: Best for offline crypto wallet
- Exodus: Best for desktop
- MetaMask: Best for Ethereum
- Crypto.com: Best Defi wallet
- Trezor: Best for Hardware Wallet for Security
- Atomic wallet: Best for Desktop, iOS, Android
Coinbase Wallet
Coinbase Wallet is a mobile application that allows users to store, send, and receive bitcoins. Coinbase Wallet helps users manage their own private keys and store their crypto assets directly on their devices, not with a centralized brokerage or exchange. The app is available for both Android and iOS devices. Coinbase Wallet also allows users to buy and sell bitcoins. To transfer funds between Coinbase and Coinbase.com, first, sign in to Coinbase and click on the “Accounts” tab. From there, click on the “Transfers” button and select the “Send” tab. Enter the amount you want to send in USD and click on the “Send” button. Coinbase will then send the funds to Coinbase.com.
Features:
The wallet offers a variety of features, including:
- A user-friendly interface
- A secure login
- A variety of payment options
- The ability to store multiple currencies
- The ability to track your spending
Key Specs:
PROS
- Easy to use for beginners
- Supports a large number of crypto assets
- Access to decentralized applications (dApps) across multiple blockchains
- Only charges network fees
Cons
- Similar security issues and weak points as other hot storage alternatives
- Only available on mobile and tablet devices (except for Chrome extension)
Type of Wallet: Mobile, Chrome Extension
Price: Free
Fees: Customizable transaction fees
The number of cryptocurrencies supported: More than 44,000
Bitcoin and Ethereum supported? : Yes
Hardware Compatible: Yes
Mobile App: Yes. Android, iOS.
Related: List of bitcoin alternatives
Electrum Wallet
Electrum Wallet is a popular Bitcoin wallet software that allows users to store and manage their Bitcoins. Electrum supports a wide range of devices, including Windows, Mac, and Linux computers; Android phones and tablets; and iOS and Android smartphones. Electrum also has strong support for SegWit and other upcoming Bitcoin features.
Electrum’s features include:
- A user-friendly interface
- SegWit support
- Multiple device support
- A wide range of currencies
- An easy-to-use wallet backup system
- Support for multiple languages
Key Specs:
PROS
- Fast and easy to set up
- Greater security than other hot wallets
- Customizable transaction fees
- Wallets don’t suffer downtime thanks to server configurations
CONS
- User interface unsuitable for beginners
- Limited customer support
- Only supports Bitcoin
Type of Wallet: Software wallet
Incorporated Exchange: No
Compatible Hardware Wallet: Yes, Ledger Nano S and Trezor.
Price: Free
Mycelium
Mycelium is a very popular Bitcoin wallet and mobile app. It has a variety of features that make it a great choice for Bitcoin users. One of the features that sets Mycelium apart is its security. The Mycelium app is built with strong encryption and security features that make your Bitcoin safe.
In addition, Mycelium also offers a variety of other features that make it a great choice for Bitcoin users. The Mycelium app has a built-in wallet scanner that allows you to easily see your current Bitcoin balance and track your spending.
Key Specs:
PROS
- Compatible with popular cold storage solutions (Ledger, Trezor, KeepKey).
- HD spending accounts and Single Address saving accounts are available.
- In-app crypto exchange and educational material.
- Offers offline transactions.
CONS
- Lack of coin options.
- The local Trader feature is not available for iOS users.
- Lack of a desktop version.
- Not ideal for newer cryptocurrency adopters.
- Email-only customer support.
Type of Wallet: Deterministic wallet
Incorporated Exchange: Yes
Compatible Hardware Wallet: Yes
Price: Free
Ledger Nano X
The Ledger Nano X is a new cryptocurrency hardware wallet that has been designed with security and convenience in mind. It is a powerful device that supports a variety of cryptocurrencies and features a built-in cold storage feature.
The Ledger Nano X is a secure device that allows you to store your cryptocurrencies offline. It has a built-in cold storage feature that allows you to store your cryptocurrencies securely offline. The Ledger Nano X also has built-in security features that make it resistant to theft.
Key Specs:
PROS
- Supports a very large number of digital assets.
- Built with special hardware designed to protect your private keys.
- Bluetooth allows trading on the Ledger Live mobile app.
- Built-in battery with 8 hours of battery life.
CONS
- Much more expensive than other cold wallets
- The use of Bluetooth technology may be a privacy concern for some
- No touchscreen
Type of Wallet: Cold
Currencies: Over 1,800
Purchase Cost: $119
Incorporated Exchange: Yes
Mobile App: iOS and Android.
Exodus
Exodus is a popular cryptocurrency wallet that allows users to store and trade bitcoin, Ethereum, Litecoin, and other digital assets. The wallet offers a number of features that make it a popular choice for cryptocurrency users.
One of the most important features of Exodus is its support for desktop and mobile platforms. This means that users can access the wallet from any computer or mobile device. Exodus also offers a number of other features that make it a popular choice for cryptocurrency users.
Key Specs:
PROS
- Easy-to-use interface
- Supports over 150 cryptocurrencies
- Seamless linkage to exchanges and decentralized finance (Defi)
CONS
- Unable to set custom gas fees for some cryptocurrencies
- No multi-factor authentication support
Type of Wallet: Software wallet. HD wallet.
Incorporated Exchange: Yes
Compatible Hardware Wallet: Yes
Price: Free
MetaMask
MetaMask is a free, secure, and open-source web browser extension that allows you to interact with the blockchain. With MetaMask, you can easily send and receive payments, and access your cryptocurrency wallet.
To install MetaMask, visit the website and click the “Add to Firefox” button. Once installed, open Firefox and click the “ MetaMask ” button in the upper right corner. You will be prompted to login with your MetaMask account. Once logged in, you will see the “Blockchain” panel on the left. Click the “Create a new wallet” button and enter your desired wallet address. You will then be prompted to confirm your identity by scanning a barcode. Click the “Create wallet” button to create your wallet.
Key Specs:
PROS
- Easy download and setup across devices
- No signup process involving personally identifiable information
- Create multiple wallets inside one app
- Supports all ERC-20 tokens, NFTs, and multiple blockchains
CONS
- Fees to buy Ether can be high
- Cannot directly store Bitcoin
Type of wallet : Non-custodial software hot wallet
Price : Free
Fees : Payment methods have various fees depending on the region– users will pay a processing fee, a MetaMask fee and the market rate for gas; Service fees for using MetaMask Swaps.
cryptocurrencies supported : Over 450,000.
Mobile App : Available on Apple iOS and Android.
Crypto.com
Cryptocom Wallet is a new android based Cryptocurrency wallet that is currently in beta. Cryptocom Wallet has many features that make it stand out from other wallets. Users are able to access many incentives including zero-fee trading for the first 90 days along with trading fee rebates thereafter (from 20%-100% depending on hard-staked amount) and 2% Deposit Bonus on any crypto deposits (paid in CRO), 20% interest rates for hard-staking (180 days lockup) and access to soft-staking.
Key Specs:
PROS
- Extensive list of supported cryptocurrencies
- Transparent, competitive fees with discounts available
- Support for an ecosystem of cryptocurrency products
CONS
- Funds are inaccessible if you lose your private key and recovery phrase
- Built-in token swap has some geo-restrictions
Trezor
Trezor is a hardware wallet that secures your cryptocurrencies and other digital assets. The wallet is available for both desktop and mobile platforms. Trezor supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Dash, and EOS.
The wallet has a built-in security features that make it difficult for hackers to steal your cryptocurrencies. The wallet also has a built-in cold storage feature that allows you to store your cryptocurrencies offline. The Trezor wallet also supports the use of multiple cryptocurrencies. You can use the Trezor wallet to store your Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Dash, and EOS. You can also use the Trezor wallet to store your cryptocurrencies on the Trezor hardware wallet.
Key Specs:
PROS
- Color touchscreen available
- Open-source firmware
- Offers Shamir Backup
CONS
- Costs money.
- Poor customer service.
Type of Wallet: Hardware wallet
Incorporated Exchange: Yes
Compatible Hardware Wallet: Yes
Price: Available in Gold standard at the price of 59 Eur and Premium at a cost of 180 Eur.
Atomic Wallet
Atomic Wallet is the most user-friendly and secure cryptocurrency wallet. It is developed by the creators of the world’s most popular cryptocurrency wallet – Bitcoin Core. Atomic Wallet is an open-source project, and its source code is available on GitHub. It is available for Windows, MacOS, and Linux. Atomic Wallet supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Dogecoin.
Key Specs:
PROS
- Device Compatibility
- Has a ‘buy crypto’ feature
- Supports a variety of crypto assets
- Simple user interface
- Encrypted private keys
CONS
Type of Wallet: Software wallet
Incorporated Exchange: Yes
Compatible Hardware Wallet: No
Price: Free
