The Bitcoin is a decentralized digital currency that can be purchase on exchanges like the bitcoin billionaire trading platform and you will not find these crypto assets in physical form. So, Bitcoins cannot be stored physically in a wallet. Instead you will need a digital wallet. This refers to private keys that can be used for accessing a Bitcoin address. The combination of the private key that the Bitcoin owner has and the receiver’s public key ensures that Bitcoin transactions are conducted seamlessly. Here are the best known Bitcoin wallets that you can choose from:
- Ledger Nano S: This is precursor to the Nano X version and works like a USB drive capable of connecting to USB ports. There is no battery here and it can become active when plugged inside a mobile or computer. There is an anti-tampering sticker since the built-in cryptographic process will check for the instrument’s integrity as soon as the power is on. This wallet has an OLED screen with dual side-buttons to confirm transactions. To configure this device, you must install a pin code for wallet security. You should also make a note of the 24-word recovery phrase to enable you to retrieve the Bitcoins at any time. The wallet will then help you to safely keep your private keys offline. Nano S supports crypt coins like the Bitcoin, Bitcoin Cash, Ethereum, and Litecoin etc.
- Ledger Nano X: This refers to a French start-up launched hardware wallet that is undeniably one of the most functional and modern wallets. It can work well with both phones and desktops, and has a built-in battery. There are dual chips that guarantee that private keys cannot be accessed by any third party. Using this wallet you may store more than 1000 crypto coins and it can also act as login for multiple exchanges. Examples of coins supported by the Ledger Nano X are Bitcoins, Ripple, Ethereum, Litecoin, Dash, Binance chain, EOS, Cardona and UDT etc.
- Atomic Wallet: This is a free digital wallet capable of supporting multiple currencies, like more than 300 coins. It is the first wallet having decentralized cross-chain crypto coin swaps; so, you can exchange Litecoin, Bitcoin etc without any intermediaries. Besides, there is an inbuilt regular exchange facility for many crypto currencies; users can therefore buy BTC, LTC, ETH or XRP using their bank cards. The interface is intuitive and comprehensive; there is no need to provide for identification or go through registration. You can simply download this digital wallet if it is compatible with your operating system, and the begin using it.
- Trezor: This was started by Satoshi Labs and is the first of Bitcoin hardware wallets. This compact device has an OLED screen that may be connected through a USB to either your smartphone or desktop. The initial registration procedure is a tad distinct from Ledger Nano S, because you must connect to the computer where a 9-digit code appears. Trezor supports the ETH, BTC, LTC, Zcash and DASH etc.
- Exodus: This is a free, user-friendly wallet that supports multiple cryptocurrencies. It allows you to store Bitcoins without any fear; there are no logs or hosted servers. This wallet supports Litecoin, Bitcoin, Ethereum, DASH, Golem etc. There is no need for identification or registration; you only need backups of the seed key. To access funds or spend then you must have a password.