Top Bitcoin wallets for the year 2018

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More often than not, people who buy Bitcoin do not realize that they have the same lying in the cryptocurrency exchange itself. Whether you are using Zebpay or Coinbase, or any other crypto exchange, once you have bought your cryptocurrency it is essential that you move it to a wallet of yours. Keeping them in the exchange could make them easy for hackers to take away like it happened with the Mt Gox.

This is why you need to keep them safe in a Bitcoin wallet. Before we delve into the top Bitcoin wallets for this year, let us first give you a preview of the type of wallets available.

Bitcoin wallet types

There are three main categories of Bitcoin wallets namely

• Hardware wallet
• Software wallet which has the mobile, web and desktop wallet
• Paper Wallet.

Now let us take a look at the top Bitcoin wallets for this year based on various features.

Coinbase:

Yes, we are referring to one of the largest cryptocurrency exchange. Coinbase doesn’t just act as an exchange, but it also offers you the option to store your cryptocurrency safely. It is the best place to store Bitcoin for the beginners, and most importantly it is free.

It is, of course, a web wallet, which means that your Bitcoin is stored online with your private keys saved in the servers of Coinbase. This also means that it can be easily hacked into and you stand the chance of losing your money.

Coinbase does promise that it has the best security, but it is better to be careful. If you are a beginner with a very minimal investment, then you can save it on the web wallet of coinbase itself.

Ledger Nano S:

This is a hardware wallet with buttons for confirming or rejecting a transaction and an OLED screen for display. In this case, your private keys are offline, and you don’t have to worry about any theft or hack.

It is inexpensive, and it allows not just storage of Bitcoin, but also multiple other Cryptocurrencies including Dash, Litecoin, Ethereum, Monero, Z-cash and more. It is entirely safe and is available at an affordable cost, but it is not used much.

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MyCelium:

This is the best cryptocurrency wallet for anyone new to the entire concept. It is upgraded continually given that it is open source and has many cool wallet features despite being a mobile wallet. The only concern has a malware infecting your mobile.

There is the option to connect it to your hardware wallets. It comes with an interactive interface and the seeded phrase like a hardware wallet for recovery of the Bitcoin in case of loss of your mobile.

Coinomi: Another mobile wallet where you can Bitcoin and other Cryptocurrencies. With robust security and interactive UI, you have the safest way to keep your Bitcoin.

You also have language options to choose along with the opportunity to convert from one cryptocurrency to another. It is quite easy to use, but it works only on Android platform limiting its reach.

Trezor:

A hardware wallet, it is slightly expensive than the Nano S but is quite safer. It supports other Cryptocurrencies as well and comes with an extra layer of security when transferring to others. It is quite more cumbersome in the making.

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