Best Bitcoin Wallets of 2019
Best Bitcoin Wallets of 2019
Under the old rules of legacy banking systems, you need a bank account to access the global economy. Crypto changes all of that by giving you a way to manage your wealth without relying on third-party financial institutions. However, to truly take advantage of crypto’s promise to set you financially free, you need to store your crypto safely.
Choosing the best cryptocurrency wallet is an important decision that can help you achieve the financial autonomy you’ve been seeking. With the right wallet, you’ll be able to send, receive, and exchange Bitcoin all from the comfort of a simple and elegant user interface.
In 2019, there are more (and better) wallet choices than ever, so let’s get right down to it.
Most Convenient Wallet: Coinbase
You hear it time and time again: never store your crypto on an exchange. Yet, here we are telling you it’s safe to do exactly that. It’s true – exchanges can be a shady place to store your crypto – except when they’re FDIC insured like Coinbase is.
When you create a Bitcoin wallet using Coinbase, your wallet is insured up to $250,000. So, as long as your value remains at or below that amount, you’re completely covered. The same can’t be said for self-custody wallets, but they also have their own advantages too.
The other nice thing about keeping a Coinbase wallet is that you can buy and sell Bitcoin along with other popular cryptocurrencies all in one place. Accessing it all through the Coinbase mobile app couldn’t be more simple, either.
Best Security Wallet: Ledger Nano S
While you can’t exchange Bitcoin from the Ledger like you can from a Coinbase wallet, the security of a Ledger Nano S wallet can’t be beaten. This is a wallet built for one purpose, and one purpose only: Storing Bitcoin as safely and securely as possible. The other advantage is that with a Ledger, you can store other popular cryptocurrencies too – not just BTC.
The way a Ledger works is simple. It looks like a USB thumb drive and keeps your cryptocurrencies stored offline. By keeping your crypto away from an internet connection, hackers can’t get to them. Think of the Ledger Nano S as an ultra high-security vault for Bitcoin. Nobody’s getting in, except you.
Best Desktop Wallet: Exodus
For some, Exodus is the first cryptocurrency wallet they’ll encounter. It’s popular – and for a good reason. Desktop wallets are usually the first and easiest place for crypto beginner’s to store their BTC, ETH, and other altcoins. That’s because they’re free and intuitive.
Besides being easy to use, Exodus is also extremely secure. Apart from its security, Exodus is super convenient for sending, receiving, and exchanging crypto all from within the wallet. A few years back, Exodus partnered with leading crypto exchange Shapeshift to offer in-wallet digital asset exchanges.
Without leaving the convenience of the Exodus desktop wallet, you can exchange a few REP tokens for ETH in just a few clicks. Pretty simple, right?