Top Picks for Bitcoin Wallets
|Bitcoin Wallet||BMJ Rating||Privacy||Number of Altcoins||Security||Beginner Friendliness||Price|
|Nano Ledger S||5/5||5/5||7||5/5||3.5/5||$65|
Bitcoin wallets come in all shapes and sizes. That can make it difficult for beginners to choose the right wallet. We’ve rated and reviewed the best bitcoin wallets in different categories in this brief guide. (For an introduction to bitcoin wallets, see our Bitcoin Wallets for Beginners.)
Most User-Friendly Wallet
Coinbase is one of the most reputable and longest-standing bitcoin wallets in the bitcoin economy. The San Francisco-based startup launched its bitcoin wallet service alongside its bitcoin exchange in 2012. Coinbase stands out from other wallet providers because it allows you to purchase bitcoin directly within the smartphone app or through the web-based bitcoin wallet. Bitcoin can be bought using bank transfers and credit cards, which makes it very easy to both buy and store bitcoin in the Coinbase bitcoin wallet. Furthermore, its user interface makes transacting in bitcoin as easy as the click of a button.
Best Mobile Wallet
Jaxx has emerged as the best bitcoin wallet for storing bitcoin on your smartphone since its launch in May 2016. The Jaxx mobile bitcoin wallet provides several security measures such as the option to fully backup the wallet in case the phone is lost, stolen, or damaged and it allows you to hold all your access keys and passwords, as none are stored on a server. This enables you to have full control over your bitcoin holdings. Furthermore, Jaxx lets you to store other digital currencies such as Ethereum’s ether, litecoin, and dash, among others.
Best Desktop Wallet
The desktop wallet Armory is widely considered to be the best wallet in this category. It offers you full control over your bitcoin holdings and comes with built-in security measures that ensure your bitcoin is stored safely on your computer. Armory is used by individual bitcoin users and also by heavyweight bitcoin investors and bitcoin startups that need to store large amounts of bitcoin.
Most Popular Wallet
The most popular wallet on the market is the Blockchain Wallet. The Blockchain wallet is a hybrid online and mobile wallet. Since the wallet’s inception in 2011, over 14 million bitcoin wallets have been set up by users in over 140 different countries. Furthermore, the blockchain wallet has processed over 100 million bitcoin transactions in the last six years.
Its simple and easy-to-use interface combined with the option to manage your bitcoin holdings online as well as on your smartphone has turned the pioneering Blockchain Wallet into the most popular bitcoin wallet around.
Most Secure Wallet
The Ledger Nano S hardware wallet is widely considered to be the most secure bitcoin wallet on the market. It was launched in August 2016 to allow users to store their bitcoin in what is referred to as “cold storage”. In other words, it enables you to keep your bitcoin offline so that it is impossible for cyber criminals to get their hands on your stash. The Ledger Nano S also stands out among hardware wallets because it allows you to store other digital currencies such as Ethereum’s ether and litecoin as well. The price of a Ledger Nano S is $65.
For more information about how to invest in bitcoin, subscribe to Bitcoin Market Journal!