Bitcoin Wallets compared
Bitcoin Wallets: differences
If you want to buy Bitcoin and keep it longer or use it for payment, you need a Bitcoin Wallet that will meet your needs. But what types of Bitcoin wallets are there anyway? And what are their advantages and disadvantages?
We will answer you this questions here. In addition, we will make you suggestions for good Bitcoin Wallets depending on the application
Mobile Bitcoin Wallets
If you want to be able to dispose of your Bitocins all the time, because you often send or receive some, a mobile wallet is recommended. A good solution here is Wirex. It is a provider that can be used both on the desktop and with the smartphone.
Wirex: Bitcoin Wallets for shoppers
The Wallet is free and an interesting feature: It comes with a free (online) credit/debit card. Optionally, you can also order a physical credit / debit card. Once you’ve deposited Bitcoin into the wallet, you can then use the credit cards to go shopping. In addition, with this Bitcoin Wallet, you can not only receive and send wallets, but also buy bitcoins or exchange them in dollars or pounds.And you can then use the Fiat currencies again for shopping.
Wirex basically has an attractive user interface. However, it must also be said that both the website and Bitcoin Wallet still need a bit of optimization at the moment. Although all relevant functionalities are given and can be performed very quickly. However, the use is not always intuitive or logical (at least in my opinion).
Wirex has announced that in the future they will support not only Bitcoin but also DASH. Since Bitcoin Wallet also offers a credit / debit card, this is a logical step. The online shopper, who also wants to use his coins for the payment, this is a very interesting solution
Wirex is an interesting bitcoin wallet. Although the user-friendliness is not yet optimal, but the provider is working on it. The online credit card and optinal physical credit card are attractive additions to this Bitcoin Wallet offer.
Bitcoin Wallets for investors
If you consider Bitcoin as an asset you will most likely handle larger amounts. This requires the highest level of security. How so? Bitcoin transactions can not be reversed and are also relatively easy to disguise. This makes Bitcoin attractive for fraudsters or hackers. Do you trade with larger amounts of Bitcoin, so you should put emphasis on security.
Hardware Wallet by Ledger
A good solution for securing larger amounts of Bitcoin is the Ledger Nano S. From the price / Lesitungsverhältnis ago this is a very interesting Bitcoin Wallet. This is a bitcoin wallet that you physically own. You can use it with your computer or Smarphone (you need a connection cable). In addition, Ledger offers a number of Chrome extensions, which you can use the Wallet also over the Broswer.
Ledger Bitcoin Wallets: Security Precautions
The Ledger Nano S is similar in appearance to a USB stick. However, it can be significantly more. For example, it encrypts the data that has been stolen (your bitcoins). It also has a display. This makes it possible to use this Bitcoin Wallet even on an infected machine. In addition, transactions must be confirmed by pressing two buttons at the same time. This makes it more or less impossible for hackers to invade your Bitcoin Wallet and steal coins. You would have to have the hardware wallet already phsisch. Even then, the Ledger still has security precautions. So you have to set a PIN when setting up. You also get a Passpharse, which allows you to restore your account even after losing the Bitcoin Wallet.
Bitcoin Wallets from Ledger: Conclusion
The Ledger Bitcoin Wallet is an interesting solution for users for whom security is especially important. Compared to other hardware wallets, the ledger is relatively cheap. In addition, get the Chrome extensions for this Bitcoin Wallet relatively many good reviews from users.
We have already explained mobile wallets and hardware wallets. We just briefly touched on desktop wallets. So here’s the idea of a good Bitcoin Wallet for desktop use: The Bitcoin Wallet by Exodus.
Bitconi Wallets by Exodus: free and still very good
This is a free Bitcoin Wallet, the provider can afford, because he has integrated a Bitcoin Exchange. Bitcoins can be exchanged for other cryptocurrencies without having to leave Wallet and vice versa.The design of the Exodus Wallet is customizable, but even in the standard version really very appealing. The functionalities of the Bitcoin Wallet leave nothing to be desired. Only the crypto exchange could sometimes be a little faster. But that can not affect Exodus. The only “real” shortcoming of this desktop wallet is the fact that you can not use it on multiple computers at the same time. Although you can migrate it, but as I said. Multiple use on different computers is currently not possible. In addition, Exoudus does not currently offer a mobile or web version of its Bitcoin Wallet.
Desktop Wallet of Exodus: Conclusion
The Bitcoin Wallet by Exodus is a desktop wallet that is certainly among the best that can currently be found. It has an excellent design and offers good functionality. In addition, the Wallet is user-friendly and free. The only reason that this wallet “only” as a desktop version, is a bit of a pity.
Featured Image By: Marco Verch