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BY ERIC ROSENBERG Updated May 11, 2021
While the concept of Bitcoin may be new to some, this well-known cryptocurrency has been around for more than a decade. Bitcoin (BTC) is one of many digital currencies that have become fairly common investment holdings among tech-savvy households.
Proponents of cryptocurrencies argue that digital currencies are easier and safer, and come with better privacy, than traditional currencies. Because of its limited supply, Bitcoin has shown up on some people’s radar as an investment opportunity as well. Even the widely used PayPal mobile app is offering an option to buy, sell, and hold cryptocurrencies in its wallet. However, it should be noted that cryptocurrencies are still risky investments.
In short, a Bitcoin wallet stores a collection of bitcoin private keys. Typically, the wallet is password- or otherwise protected from unauthorized access. A Bitcoin wallet is controlled solely by its owner, not distributed and shared like blockchain technology.
Best Bitcoin Wallets of 2021
Best Overall: Coinbase
Best for Hardware Wallet for Security: Trezor
Best Hardware Wallet for Durability: Ledger
Best for Beginners: SoFi
Best for Free Buying and Selling: Robinhood
Best for Mobile: Mycelium
Best for Desktop: Exodus
All of the providers included in this article can help investors gain exposure to bitcoin and other cryptocurrencies. However, not all of the providers listed below meet the strict definition of a bitcoin wallet, as many do not permit users to deposit or withdraw cryptocurrency from their account. Some of these providers may also subject investors to increased risk of loss from hacking. To better understand the risks involved, be sure to read the full provider sections below.
BEST BITCOIN WALLETS
Coinbase
Trezor
Ledger
SoFi
Robinhood
Mycelium
Exodus
FAQs
Methodology
BEST OVERALL
Coinbase
info.
https://www.thebalance.com/best-bitcoin-wallets-4160642