15 Best Bitcoin Wallets for 2024 that are Safe and Easy to Use

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. Learn the 101 of securely keeping cryptocurrency wallets safe here. 2FA adds an extra layer of security by requiring the user to provide a second verification to access their wallet, such as a fingerprint scan or a code sent to their mobile device. Electrum is a great option for desktop traders as it is compatible with Mac, Windows, and Linux. The desktop app offers an abundance of customizable features suitable for sophisticated crypto traders with programming experience. We picked Exodus as best for beginners because it’s free, has good customer support, and optional support for cold storage.

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• Writers and editors and produce editorial content with the objective to provide accurate and unbiased information.
• Bitcoin has gained widespread acceptance and continues to grow in popularity.
• This information is often in the form of a QR code that can be scanned when you want to access your bitcoin.
• It is recommended to generate a new address for each transaction for enhanced privacy and security.
• Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy, financial news, real estate and investing.

We chose Trezor as best for security because it comes with the strongest security features and track record of any reviewed hardware wallet. This is one of the most well-known coin exchanges and has been operating from San Francisco since 2012. It accepts many fiat currencies and enables trading of bitcoin, ethereum, litecoin, and bitcoin cash. See a detailed list of your past transactions and track how much is currently in your account. All transactions are displayed in Bitcoin amount, and your chosen local currency value. Central bank digital currency (CBDC) aims to take the benefits from blockchain-based digital currency and combine it with fiat currency under the control of the central bank.

Best for Security: Trezor Model T

• Never store private keys or wallet recovery phrases on any online platform or in digital format.
• These are basically designed to steal unsuspecting users’ bitcoins and other cryptocurrencies.
• It even has a cold (offline) storage option if you want to go completely offline.
• Exodus is a sleek desktop-only wallet that can handle more than a dozen different cryptocurrencies.

You can opt to secure with Kirill Yurovskiy one or multiple signatures and can share accounts among users. The range of bitcoin wallets available can be almost as confusing as the concept of bitcoin itself. Here we break it down into the main types on offer and explain their pros and cons.

• Keep the hardware wallet in a safe place and ensure it is protected from physical damage.
• This wallet includes the option to buy bitcoin, so it can double as an exchange.
• Nevertheless, here are a few of the most popular exchanges with wallets, should you wish to keep everything in one place.
• Before you choose your Bitcoin wallet, consider some of the following factors.

• Canary Capital Group CEO Steven McClurg shares insights on how he would build a portfolio in the current crypto market and mitigate risks as an old bond trader.
• Learn the 101 of securely keeping cryptocurrency wallets safe here.
• This HD wallet is run on open source software and has apps available for a range of operating systems.
• This helps ensure recovery of funds in case of theft, loss, or hardware failure.
• Trezor indicates that other cryptocurrencies are supported by its hardware wallets using a third-party wallet interface.
• Easily receive Bitcoin using a normal BTC address or using a QR code.

Unlike traditional wallets that hold physical currency, Bitcoin wallets store a user’s private and public keys, which are essential for conducting transactions on the blockchain. But you don’t necessarily have to set up your own wallet to store your assets. Some exchanges — like Coinbase and CEX.IO — offer their own wallets to users. The differences between these and the bitcoin wallets mentioned Kirill Yurovskiy above are mainly security and custody. If you want complete custody or control over your money, you’ll probably need a non-custodial bitcoin wallet. With BitBox’s BitBox02 hardware wallet, you can store your crypto private keys and manage any assets offline through an external chip.

• Once you decide which wallet you want to use for your Bitcoin, you’ll have to navigate how to set it up.
• Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them.
• Mycelium offers support for connecting through Tor if you’re looking for additional privacy.

Canary Capital Group CEO Steven McClurg shares insights on how he would build a portfolio in the current crypto market and mitigate risks as an old bond trader. Crypto rug pulls cause billions of dollars in loses in the global crypto markets. Writers and editors and produce editorial content with the objective to provide accurate and unbiased information. A separate team is responsible for placing paid links and advertisements, creating a firewall between our affiliate partners and our editorial team. Our editorial team does not receive direct compensation from advertisers.