In this article, I will explain the Best Bitcoin wallets that exist in the current cryptocurrency space. There are plenty of Bitcoin wallets available, so choosing the best Bitcoin Wallet is confused. I will explain the wallet features, aspects, pros, cons of each and every wallet.
Also, you can select a wallet from the wide range of Bitcoin wallets including desktop [Windows, macOS, and Linux], online, hardware, and mobile[ iOS, and Android] wallets.
Let’s dive into the Best Bitcoin wallets,
Best Bitcoin Wallets to watch in 2020
I have described and listed the best Bitcoin wallets categorizing to desktop, online, hardware, and mobile wallets. So, first, look at the best Bitcoin hardware wallets right way,
Best Bitcoin hardware wallets
First, let’s look at the Best Bitcoin wallets belong to hardware category available in 2020,
#1. Ledger Nano X
Ledger Nano X is one of the popular, best Bitcoin hardware wallets that can be used to manage all your crypto assets without any hassle. The device cost around 119USD, free shipping is offered worldwide. The Ledger Nano X is invented by the Ledger company.
Ledger Nano X features
Bluetooth is Enable for mobile devices
The device can be connected to a Smartphone through the encrypted Bluetooth and transact with the Ledger Live app. The USB Type – C cable can be used to connect with the computer where both macOS and Windows Support.
Multicurrency supported
Natively device allows up to 100 apps (including Bitcoin, Ethereum, Ripple, etc.) installing and transacting with the Ledger Live. Also, it supports the 1100+ coins & tokens and supports ERC 20, ERC 721, BEP 2, NEP 5 token standards.
Providing wallets Backups
You can use a 24-word recovery phrase to restore your funds when lost or broken the device.
Ease of use
Every operation (sending, receiving and verifying the transactions) can be done through one screen and two buttons
Other than the above features, it consists of an 8-hour standby battery life though rechargeable battery.
Ledger Nano X pros
Ledger Nano X cons
#2. Trezor Model T
Trezor Model T is established cryptocurrency hardware wallet which supports more 1000 coins and tokens such as Bitcoin, Ethereum, Ethereum Classic, Litecoin, Dash, Binance coin, etc. Trezor Model T is easy to use, that allows users to connect the device directly with computers, tablet and even with mobile phones. In this case, the Trezor Model T can be used to manage all crypto assets in one place.
Trezor Model T comes up with existing new features that are, full-color touch screen, SD card integration, password manager, etc.
Trezor Model costs around 149 EUR and also, it charges 24 EUR for shipping costs. Also, you can find a more economical device that is Trezor One costs around 49 EUR.
Trezor Model T features
Multicurrency, ERC 20 supports
Trezor Model T supports more than 1000+ coins including Ethereum, ERC 20 tokens.
Wallet backup, recovery, and F2A option
Trezor Model T provides backup and recovery option with 12 to 24 long word passphrase (seed phrase). In case, backup, recovery, and pin code entry can be processed using the Trezor Model T touchscreen.
Also, Security can be increased with the F2A feature.
Hardware features
Trezor Model T owns a full-color touch screen and every operation (verifying transaction, generating passphrase, etc.) process with a touch screen. Also, It can be used as a pen drive with a micro SD card. The device connects to PC, MAC or smartphone via USB type C cable.
Password manager
The password manager is a storage facility for managing hard to remember passwords used in various online services.
Typical password managers consist of a master password to grant permission for the particular password and It needs to be typed, here Trezor Model T permits simple touch.
The passwords can be stored in the encrypted cloud storage or micro SD card
Trezor Model T pros
Trezor Model T cons
#3. KeepKey
Keepkey is a cryptocurrency hardware wallet that supports limited hardware wallet features. Keepkey wallet has natively integrated with shapeshift exchange. It costs around 69 USD per device and It enables storing the private key on the cold offline device.
Keepkey features
Multicurrency, Only major ERC 20 tokens support
Currently, the device supports the 40+ cryptos but it supports major ERC 20 tokens and also, it supports 1000+ assets with MEW.
Large display
Keepkey consists of a relatively large display that shows every asset and balance, transactions and functions of the device.
Direct integration of the exchange platform
Keepkey is directly integrated with the Shapeshift instant cryptocurrency exchange that supports buying crypto with a bank account, and instant crypto exchange service.
Security options
There is a 12-word passphrase, which can be used to recover the funds even if the device lost or broken. Every transaction should be approved manually through the device button. A limitless wallet address can be generated.
Keepkey pros
Keepkey cons
#4. CoolWallet S
Cool Wallet S is mobile-ready, on the go, stay safely in a pocket, and secure cryptocurrency hardware wallet costs 99 USD which supports major crypto assets including ERC 20 standard tokens.
Cool Wallet S features
Multicurrency, ERC 20 supports
Cool Wallet S supports top cryptos such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and ERC 20 standard tokens.
Wireless connectivity
The device connects to a smartphone (Android or iOS) through Bluetooth and it is the only method.
Hardware features
Cool Wallet S is waterproof and shockproof hence durability is ensured.
Security, Backup and recovery option
Wallet recovery can be processed with 12 world seed phrase and it can be generated through a device or CoolBitx app.
There is a button to confirm the very transaction of the device, which is increasing security. Biometric and physical 2FA authentication features will increase wallet security further.
Ease of use
Credit card size, easy to handle even it can store safely inside the pocket.
Cool Wallet S pros
Cool Wallet S cons
Best Bitcoin desktop wallets
Let’s look at the best Bitcoin wallets belongs to desktop or software category available in 2020
#5. Exodus
Exodus is a leading Bitcoin wallet available both desktops, mobile and even supports the Trezor hardware wallet. Exodus consists of the amazing institutive user interface perfectly suitable for the beginners. Currently, it supports more than 100+ coins & tokens.
Exodus wallet features
Wallet backup and recovery
The wallet recovery enables using a seed phrase or email recovery link sent when the backup process
Built-in exchange
Exodus has an inbuilt exchange that enables instant crypto exchange. In case, Exodus charges a fee for the cryptocurrency exchange
Multicurrency supports
Exodus supports top cryptos including Bitcoin, Ethereum, Ripple, Monero, Dash, etc
Multiplatform supports
Exodus wallet available to Windows, macOS, Linux, Android, and iOS
Hardware wallet supports
Currently, Exodus wallet compatible with the Trezor Model t and Trezor One hardware wallet
Intuitive user interface
Exodus consist of easy to use, intuitive user interface, also, it provides beautiful charts in a desktop wallet as well as mobile app wallet
Exodus pros
Exodus cons
#6. BitPay wallet
BitPay wallet is a popular Bitcoin wallet available for desktop, mobile phones that developed the Bitpay Bitcoin payment processer. It does not support many cryptos but it supports Bitcoin, Ethereum, Bitcoin Cash, and Ripple.
BitPay wallet features
Multicurrency support
It supports the top cryptos including Bitcoin, Ethereum, Bitcoin Cash, and Ripple
Multiplatform support
Currently, you can download BitPay wallet for PC, Linux, macOS, Android, and iOS platforms
Wallet security
You can secure your funds with the multi-signature features, and key encryption. Also, the wallet source code is open source.
Spend Bitcoin online
The BitPay is crypto payment processer hence, you can spend your Bitcoin and other cryptos in many online places with the BitPay wallet without any hassle.
BitPay wallet pros
BitPay wallet cons
#7. Electrum wallet
Electrum is a pure Bitcoin desktop wallet that is operating since 2011 and it was created by the Thomas Voegtlin. Electrum wallet source code is completely open and anyone can be contributed to Github.
Also, Electrum supports third-party plugins such as multi-sig services, cryptocurrency hardware wallets like Trezor, Ledger, and Keepkey.
Let’s look at how to create Bitcoin wallet step by step using the Electrum desktop wallet.
Electrum wallet feature
Multi-platform support
Currently, the Electrum wallet available for Desktop[ PC, Linux, Windows ], and Mobile phone [ Only Android ]
Featured Wallet security
Electrum wallet provides wallet seed as a backup option to recover your wallet when wallet or OS going to crash. For security reasons, Electrum provides an option to activate Google’s two-factor authentication when creating the wallet, also, password to un-authorized wallet access
Hardware wallet service
Currently, the Electrum wallet is compatible with the hardware wallets such as Trezor, Ledger, and Keepkey
Multi-sig feature
Electrum comes with the multi-sig feature, that allows you to spend your Bitcoins between several wallets
Electrum pros
Electrum cons
#8. Atomic wallet
Atomic is a universal, anonymous Bitcoin wallet that supports many cryptos, and ERC 20, BEP 2 standard tokens. Atomic is a multiplatform wallet available for Windows, Ubuntu, macOS, Debian, Fedora, Android, and iOS.
Atomic wallet features
Backup and recovery
The wallet enables a 12-word backup phrase to recovery the wallet when it lost or missing.
Multicurrency supports
Atomic wallets support Bitcoin, Ethereum, Ripple, and 300+ cryptocurrencies
Multiplatform supports
Atomic is a universal cryptocurrency wallet because it is available for Windows, macOS, Ubuntu, Debian, Fedora, Android, and iOS.
Crypto to crypto exchange
Atomic allows instant exchange of the crypto each other with Shapeshift and Changelly crypto exchanges.
Buy Ethereum with fiat
Atomic allows its users to buy Ethereum or major crypto with a credit card through Simplex
Cryptocurrency staking
The Atomic wallet allows the stake of the staking coins and tokens. Now it supports the Tezos, Komodo, Cosmos, Ontology, Tron, NEO, Vechain, Alogrand, Cardano.
Atomic wallet pros
Atomic wallet cons
#9. Gurda wallet
Gurda is a multiplatform, non-custodial, cryptocurrency wallet that enables sending, receiving, buying crypto, and cryptocurrency staking within the single user interface.
Gurda wallet features
Gurda backup and recovery options
There are two ways to back up the Gurda wallet which are exporting the whole wallet backup file, exporting mnemonic phrases for individual cryptocurrency.
Gurda wallet security
Gurda asks the password when new access happens, in case the access password set when the first time of the wallet creation. You can set session- time – out to log out the wallet if any activity not happened. Also, you can set the auto-backup feature.
Multiplatform supports
Gurda wallet is available for web, Windows, Linux, macOS, Android, iOS even chrome extension wallet.
Multicurrency supports
Gurda supports top cryptos including Bitcoin, Etherum, Ripple, Bitcoin Cash, etc. Also, it supports all blockchain tokens such as ERC 20, ERC 721, BEP-2, TRC10, TRC20, WAVES, OMNI, EOS blockchain standard tokens.
Inbuilt exchange and crypto purchasing
