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10 Best Bitcoin Wallets for Beginners – Store Crypto Safely

A secure Bitcoin wallet is essential for crypto investors. Today many regulated, well-established cryptocurrency exchanges offer free wallets, including Best Wallet, which supports Bitcoin and 1000 other assets.

Bitcoin may be digital cash, but it has a lot in common with the paper currency you carry with you. Both BTC and fiat money can be bought, sold, traded, or stored in a wallet. A Bitcoin wallet is a digital wallet.

Using this guide you’ll be able to set up your own secure Bitcoin wallet to safeguard your Bitcoin and other cryptocurrency holdings.

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Contents [show]

    Best Bitcoin Wallets in April 2024

    • Best Wallet – Supports Bitcoin and 1000+ Assets
    • OKX Wallet – Beginner-Friendly Bitcoin Wallet to Interact with Web 3 Projects
    • Bybit Wallet – Popular Bitcoin Wallet Allowing Users to Interact with GameFi and DeFi
    • – Uses safest and highly researched tech
    • Coinbase – supports staking of ALGO, ATOM, DAI, USDC, XTZ,
    • Binance – 70+ locked staking products
    • Trezor – Hardware wallet with strong security
    • Ledger Nano S – Best Hardware wallet below $100

    Best Bitcoin Wallets

    Below we take a closer look at the top Bitcoin wallet providers on our list:

    1. Best Wallet – Crypto Wallet With AI Integration

    Our pick for the best Bitcoin wallet is one that has everything a discerning BTC investor would want. There is the ability to buy and sell multiple crypto assets due to multi-chain support. There are security features that cover everything from multi-factor authorization to biometrics identification. And there is a unique AI integration that would redefine how you interact with the cryptocurrency market.

    Known as Best Wallet, this Bitcoin Wallet is yet to be released. But due to its many positive features, the waiting list is long. It allows one to safely buy, sell and store over 1000 crypto assets along with Bitcoin. And with its multi-chain support, you will be able to interact with a wide array of decentralized applications, including staking protocols and yield farming.

    Best Wallet Best Bitcoin Wallet

    But the fundamental feature that sets this crypto wallet apart from the rest is the AI chatbot. This advanced tool helps with interacting with the crypto wallet in a whole new way. It also offers insights into the current state of the cryptocurrency market.

    Another additional feature is the inclusion of the token – $BWAT. Staking this asset allows users to gain access to several perks, including zero gas fees.

    Visit Best Wallet

    2. OKX Wallet – Beginner-Friendly Wallet to Interact with Different Web 3 Project

    OKX is the world’s third-biggest cryptocurrency exchange by market capitalization. It supports over 350 cryptocurrencies that users can buy and sell either using crypto or over 112 different fiat methods. OKX supports basic trading, derivatives, and margin trading. The platform also has a trading bot, providing a hands-free trading facility. Block trading features are also available on OKX.

    OKX wallet

    One of the best add-ons of OKX is the copy trading utility. It allows users to find trading influencers, track their trading signals and copy them. That utility is suitable for traders who want to make gains without having to dive into multiple research sources for each crypto asset. Users can also become lead traders – whose trading strategies get copied – and earn passive income based on the number of users copying their strategies.

    OKX also has a Grow Program, which includes OKX Earn, that offers staking rewards and APR (Annual Percentage Returns), and loans. Users can also use the “Jumpstart” program to find high-quality projects to invest in.

    All these features can be interacted with using the Bitcoin wallet that OKX sponsors. It is a soft wallet that offers flexibility as well as security. In terms of licenses, OKX has acquired registration to operate in Dubai. The exchange has also applied for a license in China recently.

    Overall, OKX is a beginner-friendly exchange with a Bitcoin wallet that people can easily interact with. Its easy-to-use interface positions it as one of the top crypto wallets for beginners. The wallet allows users to access over 50 decentralized networks. The wallet also features a Web 3 dashboard that lets investors access Dapps, NFTs, and other crypto-related features.

    Visit OKX

    3. Bybit Wallet – Good Bitcoin Wallet Allowing Users to Interact with GameFi and DeFi

    Bybit is a cryptocurrency exchange that emerged in 2018 and soon earned renown thanks to multiple inclusive facilities to make it open to buying cryptocurrencies. Bybit’s bitcoin wallet, the Bybit wallet, allows mobile users to easily interact with Bybit’s ecosystem.

    Bybit wallet

    Users can see the list of top DeFi and GameFi projects through the wallet. And they can also access the top NFT collections. The Bybit wallet also comes back with a learning tool that allows users to learn about DeFi and other nuanced blockchain concepts in a simple language. The wallet also comes with a Dapp aggregator, giving investors access to the best-decentralized applications available in the market.

    The wallet also gives users access to IDO cryptos and swap facilities. Staking pools that let investors generate income from on-chain liquidity mining are also accessible through the Bybit wallet. Bybit has also introduced a “Rewards” section recently that gives users access to airdrops and other rewards in return for completing the Web 3 tasks.

    New users will also be benefited, as those who go to the official platform and sign up can get a bonus of up to 5030 USDT.

    Visit Bybit

    4. wallet DeFi Wallet is the best Bitcoin wallet for storing, earning, and growing your cryptocurrencies. It is a non-custodial wallet that provides access to a comprehensive set of DeFi services in one location. In this wallet, your private keys to Bitcoin are encoded locally on your device using Secure Enclave and are safeguarded by biometric and two-factor authentication. Here, you have complete control over your private keys here.

    You can send cryptocurrency to anyone at your chosen confirmation pace and the network fee. Users can send and receive more than 500 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), DeFi coins such as Uniswap (UNI), Compound (COMP), Yearn finance (YFI), stablecoins, and other ERC20 tokens. ERC721 and ERC1155 Ethereum-based NFTs are also supported on this wallet.

    Crypto wallet review

    The DeFi Wallet helps to discover DeFi projects in a simple and secure manner. With DeFi Earn, you can deposit and obtain the highest returns on your DeFi tokens. Aave Lending V2, Yearn Earn V2, Compound, Cosmos Staking, and native CRO Staking are all consolidated with DeFi Earn.

    This wallet also has a multi-wallets function through which you multiple wallets under the Defi Wallet App by making new wallets or importing existing wallets. You can connect your DeFi Wallet to the App with your preferred wallet for gaining access to’s various crypto financial products.


    5. Coinbase Exchange Wallet

    Coinbase is another worldwide known cryptocurrency exchange that also offers a separate crypto wallet known as Coinbase wallet. The latter exist standalone, and you don’t have to open a Coinbase account to have a Coinbase Wallet. Still, you can link your wallet to your Coinbase account and quickly transfer your funds between them.

    Coinbase Wallet

    With your Coinbase Wallet, you can store your crypto coins in one place and get access to more than 500 cryptocurrencies and several NFTs, take part in ICOs, shop at the stores where they accept cryptocurrencies, send crypto to any part of the world, and not only. Among the essential features of the platform offers is its easy and simple-to-use interface. Another crucial thing is your security – Coinbase Wallet protects your private keys with high-standard security systems, including Secure Enclave, biometric authentication, and optional cloud backups.

    Visit Coinbase

    6. Binance Exchange Wallet

    Binance is a cryptocurrency exchange and a peer-to-peer marketplace that offers users a vast selection of digital assets.

    To store these cryptocurrencies, Binance also offers one of the best Bitcoin wallets used by already 10 million people around the world. It interacts with several blockchain wallets and crypto tokens and it has a mobile app that you can install on your device and use to store, receive, exchange, and send hundreds of cryptocurrencies.

    Binance trust wallet

    Additionally, Binance Wallet not only allows you to store your cryptos but also gives you the opportunity to earn rewards by staking your coins. At the time of writing, Binance supports locked staking of 76 different cryptos.

    For Americans, there’s Binance US which has the same features as Binance.

    Visit Binance

    7. Trezor

    For those who prefer to use a hardware wallet and have a larger amount of bitcoin to store, we have selected two of the best-known cold storage wallets. The first one is Trezor, a small-sized device able to hold different types of cryptos, such as Bitcoin, Ethereum, Ripple, Cardano, Zcash, etc. Launched in 2014, it was the first hardware wallet that offers secure storage for your BTC and other crypto assets.

    Trezor Bitcoin Wallet

    You can get Trezor for under $100, and the package also includes a USB that connects the small device to your computer. You will also get a list where you should create a 24-word security code for your Trezor that later you can use to recover your wallet in case you lose your Trezor. The device stands out with excellent privacy, and even the company producing it cannot track how you use it as long as there is no serial number written on it.

    8. Ledger Nano S

    Ledger Nano S is a trendy hardware crypto wallet that became so famous due to some of its features. First and foremost, it’s known as one of the most secure wallets to store your bitcoin, and only a few cases are known when it was hacked. It’s a compact device that is used and packed easily and has built an excellent reputation so far.

    Ledger Bitcoin Wallet

    Similar to the Trezor wallet, when you get your Ledger Nano S, you create a code consisting of 24 words that you can use to recover your private keys in case you lose your physical device. As for its functionality, you can use Nano Ledger S to store almost 1100 tokens and cryptocurrencies.

    Twenty-three of these digital currencies are backed by Ledger itself, while other crypto assets are available with the help of third-party apps. As for its cost, you can buy a Nano Ledger S hardware wallet for under $60.

    How to Create a Bitcoin Wallet


    Amon Wallet is an intuitive, state-of-the-art wallet that allows seamless buying, selling and exchanging of fiat and cryptocurrencies. Enjoy the freedom of more than 10 digital and traditional currencies, all in one place.

    Let’s explore the pain-free process of creating your Amon Account.

    Step 1: Create Your Amon Account

    Amon Wallet

    Simply head to or download the Amon Wallet app from the Google Playstore or the Apple App Store.

    Enter your details as displayed above.

    Amon App

    Check your email for a verification code.

    Next up you’ll need to verify your identity (KYC).

    Amon Wallet

    Once we’ve approved your (KYC) you’ll unlock the full power of the Amon Wallet!

    Step 2: Let’s purchase some BTC

    First up, head to the “Wallets” screen to deposit EUR / GBP


    Select either EUR or GBP.

    Amon Bitcoin Wallet

    Make a SEPA transfer (instant transfer is also accepted). Once you’ve deposited your desired amount into the above account, you’ll have EUR or GBP in your fiat account.

    Next up, head to the convert screen and select EUR to BTC.

    Amon Bitcoin Wallet

    Step 3: Start earning interest on your crypto with Amon Earn

    Head over to the Earn screen and select “Move In”.

    Bitcoin Wallet Earn Interest

    Select the amount of BTC or other crypto that you want to earn interest on and hit deposit.

    Amon app

    Receive every Monday your interest. Withdraw your funds at anytime, no locking period.

    Earn interest Bitcoin Wallet Passive Income

    Step 4: Order the Amon Card

    Head to the card screen. Select continue.

    Bitcoin Wallet Debit Card

    Select your desired Card Tier plan and click “Select Plan” and confirm your selected plan.

    Amon Debit Card Plan

    Lastly, enter your shipping details, and VOILA, your Amon Card is on the way to you!

    Amon BTC Wallet Card

    Visit Amon


    ZenGo Bitcoin WalletZenGo is a non-custodial, keyless crypto wallet, making it the simplest yet most secure and always recoverable wallet to invest in cryptocurrency. Create an account in just 19 seconds and be the true owner of your crypto.

    They also have a limited time offer, until the end of January 2022:

    • Earn 5% APY on your bitcoin – Up to 50K$ worth of BTC deposit
    • 1% APY on above that

    Main features:

    • Store, buy, trade, send and receive crypto
    • Sell Bitcoin in Europe, the UK, and the US
    • Buy Terra coins for 0% processing fees
    • Over 70 crypto assets are supported including Bitcoin, Ethereum, Dogecoin.
    • Earn 4% APY interest on your Bitcoin
    • Enjoy 24/7 support by real agents
    • Choose from the 3 network fees modes (economy, regular, fast). Applicable for BTC, ETH, ERC20
    • Cancel or speed up your sent transactions before they are confirmed on the blockchain with 1 tap
    • Get $10 cashback in Bitcoin for purchase of $200 by applying the code ZENX0B4G

    These features are also coming soon:

    • New trade – lower fees, lower minimum
    • 8% APY on USDC, USDT, DAI and NEXO tokens will be offered, no limits or tiers

    Visit to open your Bitcoin wallet and start earning interesting on your BTC holdings.


    Binance is one of the best trading platforms in the world, so if you want to use Bitcoin, chances are you’ll be using it sooner or later. Let’s take a quick look at how to create your Binance account and exchange wallet.


    Step 1 – Create Your Binance Account

    Go to and complete registration by giving your email and new password.

    You’ll be sent an email with a link to click.

    Follow it into the Binance site. From here you’ll supply a little more information, then you’ll be able to send Bitcoin to your Binance exchange wallet.

    Note: You can’t buy Bitcoin with fiat money on Binance.

    Step 2 – Go to “Funds” > “Balances”

    Here you’ll see all of your Binance wallets.

    Anytime you buy a coin on Binance, it will be delivered to its respective wallet.

    Wallets with balances will appear at the top of the screen. Send Bitcoin to the address you see after clicking “deposit”, and you’ll have Bitcoin on Binance for all your trading needs.

    Visit Binance


    Coinbase is a great place to buy Bitcoin with PayPal for the first time, because they let you use bank transfer, debit card, and credit card. Creating a Coinbase wallet is about as easy as opening your first Facebook account. Here’s how it works.

    Step 1: Create Your Coinbase Account.

    Go to and sign up for a new account as an individual.

    Give your first and last name, your email address, and your new password.

    Go to your email and click the link inside when you find the new message from Coinbase.

    This will lead you into the site.

    Step 2: Find Your Bitcoin Wallet.

    Click on “wallets” and you’ll see your Bitcoin wallet (as well as the other wallets for the rest of the coins sold on Coinbase).

    Click it and you’ll see a screen like the one above.

    You can send Bitcoin from “my wallet” to any other wallet you control, or to which you have the address.

    Visit Coinbase

    Exodus Wallet

    Exodus wallet is a piece of software that lives on your computer. All you have to do is download it and set it up and you’ll be ready to store Bitcoin here. Follow these steps to do just that.

    Step 1: Download Exodus.

    Go to and download the desktop wallet (Exodus is not currently available for mobile). Install it just as you would any other desktop application.

    Step 2: Open Your Exodus Bitcoin Wallet.

    As you can see above, Exodus can hold all kinds of cryptocurrencies. To use it for Bitcoin, just click the “wallet” tab on the right, and then click the “Bitcoin” wallet. You’re now ready to use the Bitcoin Exodus wallet.

    Visit Exodus

    Infinito Wallet

    The Infinito Wallet is used to hold all kinds of cryptocurrencies, not just Bitcoin. Use it if you want an easy one-stop storage shop for all of your portfolio. Infinito wallet is also very convenient and well designed. Here’s how to get it.

    Step 1: Download Infinito Wallet

    Go to and click “download” as seen in the image above. Select the right file for the device you’ll be using. Once the file is downloaded, install it just as you would any other application. Once it’s set up, open it up.

    Step 2: Go to the Bitcoin Wallet already within Infinito

    You’ve already got a Bitcoin wallet once you open Infinito. It’ll have your address, to which you can send any amount of Bitcoin.

    Visit Infinito Wallet

    Formerly, the Bitcoin wallet is one of the most convenient web wallets in the space. Create an Bitcoin account fast and have secure access to Bitcoin and other cryptocurrencies whenever and wherever you need.

    Step 1: Create a Wallet

    Go to and create a new wallet by submitting your email, choosing a new password, and clicking the link in the email sends you.

    Step 2: Find Your Bitcoin Wallet Inside

    Click on “Wallet” at the top of the page. This will take your to your Bitcoin wallet, from which all your Bitcoin business can be managed.


    What is a Bitcoin Wallet?

    In essence, when you buy Bitcoin, you get cryptographic information through which your Bitcoin address is linked to you. This information represents a combination of long and complex codes which are rather difficult to remember (or to hack). That’s why you need a bitcoin wallet where you store these codes or otherwise called private keys. Your Bitcoin wallet interacts with the blockchain network and allows you to send your Bitcoin or receive a new BTC.

    Never trust your Bitcoin wallet to someone else in the same way as you don’t trust your physical wallet where you keep your money. If someone gets your private keys, they can easily have access to your Bitcoins and steal it. Hence, you create a personal password for your crypto wallet, which you must not lose or forget.

    Best Bitcoin Wallet UK

    With a Bitcoin wallet you can:

    • Receive cryptocurrencies
    • Send cryptos
    • Trade crypto
    • Withdraw cryptos at a Bitcoin ATM


    • Forget your wallet password
    • Trust your password to anyone else
    • Lose a hardware Bitcoin wallet

    Nowadays, you have multiple Bitcoin wallet options to select – you can download it on your mobile phone, computer or buy it in the form of a physical device. On the whole, bitcoin wallets can be of three basic types – software, hardware, and exchange wallets.

    A software wallet, also known as a hot storage wallet, is a program or an app that you download and install on a device. In their turn, software wallets can be mobile, web, and desktop wallets.

    Alongide securing your investments, the possible uses of a Bitcoin wallet are endless, from BTC wallets for gambling to crypto savings accounts in which you earn interest on the Bitcoin, other cryptos or stablecoins in your wallet balance.

    Exchange Wallets

    eToroIn the early days of the crypto craze, there was a widespread opinion among crypto fans – “don’t keep your crypto on a cryptocurrency exchange”. It is because the first cryptocurrency exchanges like Mt Gox and others were less trustworthy and involved lots of scams.

    Today this saying seems quite outdated, as brokers are trying to build more trust, and you can find basically several good brokers that are regulated and fully licensed platforms where you can safely trade and keep your crypto.

    From all the available options, hardware wallets are indeed well-known as the most effective and secure way to store bitcoin, but they have their shortcomings too. The biggest threat is that you can lose it or forget your keys, and there is still the possibility of being hacked (remember the Metamask wallet case).

    CoinbaseCrypto exchanges can also be hacked, but unlike hardware wallets, top regulated brokers like Coinbase will compensate for your loss while crypto wallets won’t.

    Hardware Wallets

    A hardware wallet, also known as a cold storage wallet, exists in the physical form. You can buy a hardware wallet from the store and use it to keep your Bitcoin offline. And the third type is an exchange wallet which operates utterly different from the previous two, as long as it is a centralized way of storing your BTC while the other two are decentralized.

    The exchange wallet is provided by your broker/exchange and is also known as your brokerage account. When you buy Bitcoin on an exchange platform, your coins are automatically saved on your exchange wallet.

    We should note that the exchange wallets provided by top brokers that are regulated by serious financial institutions are usually as reliable as decentralized bitcoin wallets. So, in all cases, when you select a Bitcoin wallet, the important thing is not the type of wallet you choose but its reliability and effectiveness.


    To conclude, Bitcoin is digital money that needs to be stored somewhere, much like any other digital asset. Hence, several crypto wallets emerged offering different services to store your cryptocurrencies. On the whole, they are of three kinds – exchange wallets, hardware, and software wallets.

    Notably, while exchange wallets were once known as a not-so-secure method to store your bitcoin today, things have significantly changed. There are several brokerage platforms and crypto exchanges with a good reputation that also offer a safe place to store your bitcoin. Apart from the exchange wallets, you can also buy hardware wallets, which is physical device that helps you to keep your bitcoin offline.

    A software wallet is another type of bitcoin wallet that exists in the form of apps that you install on your device and use it. There are multiple crypto wallets, so you may be somehow confused while selecting the most suitable one. Therefore, from our research, we have collected a list of the five best bitcoin wallets, including Best Wallet,  Coinbase, and Binance as the best exchange wallets; Trezor and Ledger Nano S, – the best hardware wallets.

    Best Wallet - Manage Your Crypto

    Our Rating

    Best Wallet
    • Access DeFi and Web3 Dapps Across Multiple Chains
    • Comes With Your Own OpenAI Powered Chat Bot Assistant
    • Get Early Access to Upcoming Token Launches & ICOs
    • Integrated Decentralized Exchange To Buy & Trade Crypto
    • Store Crypto And NFTs With Industry Leading Security
    Best Wallet


    Can I store all my cryptocurrencies in the same wallet?

    Yes. There are multiple wallets available that allow you to store multiple cryptocurrencies of multiple chains. The latest one to come is the Best Wallet.

    Can I send Bitcoin to a Ripple or Ethereum wallet address?

    Absolutely not! This will result in the loss of your funds, so make sure never to send one coin to the address of another coin type. Bitcoin to Bitcoin addresses. Ethereum to Ethereum addresses. Ripple to Ripple addresses. Some ERC20 tokens (tokens created using Ethereum) can be sent to Ethereum addresses, but this is an exception that you'll learn when you get deeper into this discipline. For now, keep it simple and send specific coin types to specific wallet type addresses.

    What is the best Way to keep my Cryptocurrencies safely stored?

    The best way to store your cryptocurrency safely is to use a hardware wallet or other 'cold' (offline) solution. Even a paper wallet is safer than a software wallet that's running on an internet-connected computer, as the latter could theoretically be hacked. A device with no internet connection can't be hacked through the internet.

    Can I convert Bitcoin to FIAT currency on my wallet?

    On certain wallets, like the Coinbase wallet, you can trade fiat currency for Bitcoin, and vice versa. These are specially licensed and regulated wallets, and typically are associated with a specific exchange. This is not the norm.

    Can I link my credit card to my bitcoin wallet?

    On specifically licensed and regulated wallets, like those belonging to Coinbase, you can pay for Bitcoin with credit card. This is not normally available through software and hardware wallets.

    Question & Answers (20)

    Have a question? Our panel of experts will answer your queries.Post my Question
    1. Question

      I’ve heard that it is possible, at least in some cases, to link my credit card to my bitcoin wallet. What platform would allow me to do that?

      • Answer

        Hello Bill. Thank you for your question. Yes, that is correct. There are only a few platforms that allow you to pay for Bitcoin with your credit card and that is normally not an option for software and hardware wallets. The platforms that give you this option are only eToro and Coinbase, so if you consider this to be a requirement when choosing your platform, then you should definitely go for one of the two. You can visit both our Coinbase and eToro reviews to find out more about them.

        Inside Bitcoins
    2. Question

      Hello, can anyone please walk me through the sign up process on eToro? I would like to create a bitcoin wallet on it.

      • Answer

        Hello Austin. Thank you for your question. The sign up process on eToro is very straight forward and simple. All you have to do is go on the official website, and click on the “CREATE ACCOUNT” button. You will have to provide a few personal details such as email address, full name, phone number and password. You will also have to accept the terms and conditions. You will then be required to provide proof of your identity with the appropriate documentation, which includes a copy of your passport. After that, you will have to place funds into your account, go on the trading space and buy bitcoin and finally you will be able to download the eToro wallet and store your cryptocurrencies in it.

        Inside Bitcoins
    3. Question

      Hello. I’ve been wanting to sign up on an exchange to create a bitcoin wallet and I’ve been struggling to find one that I thought was right for me. I recently ran into Coinomi. I’ve read some really positive reviews about it but I didn’t see you mention it on this page. What are your thoughts on it?

      • Answer

        Hello Morgan. Thank you for your question. You can find all the information you need on the exchange by visiting or Coinomi review. We do not recommend using it as a platform to create your wallet on for a variety of reasons. The first one is that it is an unregulated exchange. The exchange also does not support fiat currency, meaning that you cannot buy crypto using fiat. Another reason is that it connects to third party platforms to support trades and we’ve found such platforms to be quite suspicious. We recommend creating a bitcoin wallet on a trusted platform like eToro instead.

        Inside Bitcoins
    4. Question

      Hello there. Is it possible to store many different types of cryptocurrencies in a bitcoin wallet? I’ve been thinking about diversifying my trades but I would find it quite inconvenient to store each cryptocurrency type in a different wallet. Any suggestions would be greatly appreciated.

      • Answer

        Hello Harry. Thank you for getting in touch. Yes, you can definitely store all of your cryptocurrencies in one wallet but not all kinds of wallets allow you to do that. We recommend either Exodus or Jaxx. They support lots of different digital coins, particularly ERC20 assets. Please make sure that you send your cryptocurrencies to the right address, so if it is Ethereum send them to an Ethereum address, Bitcoin to Bitcoin addresses. Do not mix addresses or you may lose funds in the process of putting your coins into your wallet.

        Inside Bitcoins
    5. Question

      Hi. I know that almost all of the exchanges that you can create a bitcoin wallet on require a minimum deposit. The thing is that I don’t have $250 to spend on that and I’ve been looking for an exchange that allows me to spend less. Any suggestions?

      • Answer

        Hello James. Thank you for your question. Most of the minimum deposits offered by these exchanges are undisclosed, but we assume that they will probably be around $200-$250. What you can do is either contact a member of staff on one of these exchanges and see if you find one that requires lower minimum deposit. The thing is, that what you might save up at the beginning, you may have to spend in extra fees later on. For example, even though eToro requires a deposit of $250, it is known to have very limited fees, so in the long term, you will end up paying less than an exchange that requires say $100 but has higher fees.

        Inside Bitcoins
    6. Question

      Out of all the wallets you’ve reviewed, which one would you recommend the most?

      • Answer

        Hello kwo5412. Thank you for getting in touch with us. I am afraid there is no simple and straight forward answer to that because all of these wallets have certain strengths and weaknesses. The most well-reputed of these is definitely eToro. It is a CySEC regulated platform with millions of users across the world. It is known for having taken great steps to ensure the safety of customers and it is definitely a reliable platform. You can find out more about it by reading our eToro review. Other platforms that we’ve found to be excellent for creating a wallet on are Coinbase, Binance and Exodus. We recommend looking at each of them individually to find out which one of them suits your preferences the most.

        Inside Bitcoins
    7. Question

      Is there any chance I can have a wallet on my phone? I feel like it could be much more convenient.

      • Answer

        Hello Alicia. Thanks for your question. The answer is yes, absolutely. You are able to access your bitcoin wallet on your smart phone, regardless of whether it is an iPhone or an Android. When it comes to Apple devices, we recommend eToro, it is one of the best out there, it is free to download and regulated. As for Android phones, again we recommend eToro. We have found the platform to be an excellent platform for both storage and trading. Feel free to read through our eToro review to find out more about it.

        Inside Bitcoins
    8. Question

      Hello. I am considering creating a bitcoin wallet to store the cryptocurrencies I want to buy. I have been trying to find some information online about some of the best ones and I ran into the Jaxx wallet. Do you think it’s a good one?

      • Answer

        Hello Jeremy. Thank you for getting in touch. Jaxx definitely has some positive aspects. It is easy to sign up on it, and very simple and intuitive to use. You can store multiple currencies in it and a Jaxx wallet can be accessed from your mobile phone. However, we would not recommend this wallet because of security concerns. In the past, Jaxx made headlines for being the target of hacking attacks. Personal information of users is easily accessible, no verification information is requested upon log in and you do not have to provide any proof of identity when signing up on it. These are all sources of concern about the safety of your funds in a Jaxx wallet. To find out more about it, feel free to have a look at our Jaxx review.

        Inside Bitcoins
    9. Question

      Hi. Thank you for this review. I am considering buying cryptocurrencies and storing it in a wallet. What happens if the exchange I have a wallet with cryptocurrencies on gets hacked and I lose my money?

      • Answer

        Hello Bas417. Thank you for the question. The best thing you can do is to have a look, before you create an account on that platform, if they have a refund policy in case of hacking. If they do, you will probably find information about it in the legal section or the terms and conditions on the website of the platform. If you already have an account and lost your money, the best thing you can do is contact customer support and ask for advice on the next steps to take. I suggest to create a wallet on a regulated platform such as eToro because they normally have refund policies to protect you from these kinds of events. You can check out our eToro review to find out more about it.

        Inside Bitcoins
    10. Question

      What is the best cryptocurrency to store in a wallet?

      • Answer

        There is no easy answer to that question. The cryptocurrency market is known to be highly volatile, meaning that it is very hard to predict the direction in which the value of a cryptocurrency is going to go. We suggest doing some accurate research to find out which currency you think might make the most profits.

        Inside Bitcoins

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