Bitcoin may be digital cash, but it has a lot in common with the paper currency you carry with you. Both Bitcoin and paper money can be bought, sold, and traded. And both forms of money are stored in a wallet. A Bitcoin wallet is simply a digital version. We’ll dig deep into the nature of Bitcoin wallets below. We’ll also talk about the many options that Bitcoin users have today when choosing a Bitcoin wallet. This might seem like a confusing topic at first, if you’ve never used cryptocurrencies before. But by the end of this, you’ll be able to download your own Bitcoin wallet, and know exactly how to use it. Before you do any of that though, you might want to have a look at the Bitcoin price before you decide whether or not you want to buy and store the cryptocurrency. eToro - Our Recommended Crypto Wallet Our Rating Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet Automatic Staking of ETH, ADA or TRX in your Wallet Regulated by FCA, ASIC and CySEC - Millions of Users Unlosable Private Key - Secure eToro Recovery Service Open Free Wallet 68% of retail investor accounts lose money when trading CFDs with this provider. On this Page:Contents [show] CompareYou can find out more and compare the different wallet providers in our list below. If you want to learn more about how to buy cryptocurrencies, we recommend this guide. What is a Bitcoin/Crypto Wallet? What is a Bitcoin/Crypto Wallet? Bitcoin may be digital, but it still has to be stored somewhere. Just like a leather wallet is used to keep track of your paper money, a Bitcoin wallet is a personal storage and safety tool for the Bitcoin that you buy. Each Bitcoin owner uses a piece of software to keep track of their Bitcoin and cryptocurrencies. You can use your Crypto Wallet to: Send Cryptocurrencies Receive Cryptocurrencies Trade Cryptocurrencies Spend Cryptocurrencies Withdraw Cryptocurrencies Each Bitcoin and cryptocurrency has its own blockchain technology to register transactions. You can’t use your crypto wallet to: Send BTC to another Crypto Address Share your information with 3rd parties (not recommended) Withdraw funds from the bank (only Bitcoin ATM) Open free Bitcoin Wallet on eToro To buy Bitcoin and tie it with its owner, these wallets usually have “private keys”. These keys are secret codes that link specific Bitcoin balances to specific individuals. Without the keys, this Bitcoin can’t be accessed at all. But it’s inconvenient to keep track of long alphanumeric keys, so Bitcoin wallet software does the job for us. When you send Bitcoin to a Bitcoin wallet you own, its keys are stored there. This allows the wallet to show you how much Bitcoin is present, and to use it for any purpose you desire. Bitcoin wallets can live on your phone or computer, for everyday use of your personal funds. They can also exist in specialised hardware devices, safely disconnected from the internet. Bitcoin wallets can also exist on third party exchanges, like Binance, which will temporarily store your Bitcoin after you buy it, or while you’re waiting to use it for trading. Your Cryptocurrencies are always safer in a wallet that you control, preferably on a device not connected to the internet. Compare Cryptocurrency Exchanges InvestInvest$=BitcoinRefreshMore FiltersSort ByRating1 Providers that match your filtersPayment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofortFeaturesInstant VerificationFor BeginnersWallet ServiceMobile AppUsabilityVery GoodGoodAverageBadSupportVery GoodGoodAverageBadFees1 or betterSafety1 or betterCoin selection1 or betterRating1 or betterClear Filter Ratingfor $ 1000 you get0.0210BTCWhat we likeEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionFeaturesPayment methodsfor $1000 you get0.0210 BTCRead ReviewBuy BitcoinRead Review68% of retail CFD accounts lose money. Visit Site68% of retail CFD accounts lose money.Visit Site74% of retail investor accounts lose money when trading CFDs with this provider.Visit Site75% of retail CFD accounts lose money. Capital.com does not offer accounts to US residents.Visit Site71% of retail CFD accounts lose money.Visit Site72% of retail CFD accounts lose money.Visit SiteThe price and value of any investment in digital asset products can fluctuate.Visit SiteAs with any asset, the values of digital currencies may fluctuate significantly.Visit SiteThe traded price of digital tokens can fluctuate greatly within a short period of time.Visit SiteThe value of digital currencies can go up or down frequently.Visit SiteMarket prices for digital tokens can be volatile and highly unpredictable.Visit SiteTrading leveraged products may not be suitable for all investors.Rating5.04.94.84.22.214.171.124.126.96.36.199Mobile App Rating10/109/108/109/108/109/109/108/109/108/109/10FeaturesMobile AppWalletNumber of Coins1275811155622333249940FeesTrading FeesSpreadsSpreadsSpreadsSpreadsSpreads0.1%0.1%0.1%0.50%0.1%SpreadsDeposit FeesN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AWithdrawal Fees$5N/AN/AN/AN/A0.0005 BTCN/AN/AN/AN/AN/AExtrasRegulatedASIC, CySEC, FCACySECASIC, CySEC, FCACBI, MiFIDFCAN/AFCAN/AFCAN/AN/AMin. Deposit$50100 EUR$20$100$100N/A$10N/A$2$10N/ALeveraged TradingN/AN/A1 - 30x1 - 30x1 - 30x1 - 100x1 - 100x1 - 100xN/A1 - 10x1-100xLatest Prices (per Coin)Bitcoin$53770.34$53980.02$53818.72$53953.14$60593.91$53805.28$60595.52$60609.62$60582.00$60425.13$54571.43Ethereum$4060.28$4012.46$3988.55$3998.52$4279.54$3987.56$4286.32$4282.79$4281.94$4268.89$4084.18XRP$0.96$0.94$0.94$0.95$1.10N/A$1.10$0.23$0.30N/A$0.96Tether$1.00N/AN/AN/A$1.00$1.00N/A$1.00$1.00N/A$1.01Litecoin$194.59$191.91N/A$192.11$235.21N/A$235.63$234.94$234.72N/A$195.73Bitcoin Cash$556.24$552.97N/A$552.69$607.38N/A$606.20$506.41$605.00N/A$554.06Chainlink$23.30$23.35N/A$23.65$29.87N/A$29.77$29.60$29.76N/AN/ACardano$1.55$1.53$1.51N/A$1.89N/A$1.90$1.90$1.90N/A$1.52IOTA$1.42$1.38N/A$1.39$1.27$1.36$1.91N/A$1.91$1.20$1.42Binance Coin$583.68$570.29$671.42N/AN/A$570.15$583.50N/AN/AN/A$575.42Stellar$0.32$0.31$0.31$0.31$0.35N/A$0.35$0.07$0.35$0.08$0.32Bitcoin SV$146.31$145.44N/AN/A$166.36N/AN/A$182.50N/AN/A$146.31USD Coin$1.01N/AN/AN/A$1.00N/AN/A$1.00N/AN/AN/AEOS$3.90$3.83N/A$3.85$4.35$3.80$4.38$4.39$4.38$4.37$3.85Monero$222.93$223.81N/AN/A$124.02$220.89N/AN/AN/AN/AN/APayment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofort How to Create a Bitcoin Wallet Amon 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 Simply head to amon.tech or download the Amon Wallet app from the Google Playstore or the Apple App Store. Enter your details as displayed above. Check your email for a verification code. Next up you’ll need to verify your identity (KYC). 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. 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. Step 3: Start earning interest on your crypto with Amon Earn Head over to the Earn screen and select “Move In”. Select the amount of BTC or other crypto that you want to earn interest on and hit deposit. Receive every Monday your interest. Withdraw your funds at anytime, no locking period. Step 4: Order the Amon Card Head to the card screen. Select continue. Select your desired Card Tier plan and click “Select Plan” and confirm your selected plan. Lastly, enter your shipping details, and VOILA, your Amon Card is on the way to you! Visit Amon ZenGo ZenGo 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 ZenGo.com to open your Bitcoin wallet and start earning interesting on your BTC holdings. Binance 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 Binance.com 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 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 Coinbase.com 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 Exodus.io 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 Infinitowallet.io 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 Blockchain.info Formerly Blockchain.info, the Blockchain.com 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 Blockchain.com Wallet Go to Blockchain.com and create a new wallet by submitting your email, choosing a new password, and clicking the link in the email Blockchain.com sends you. Step 2: Find Your Bitcoin Wallet Inside Blockchain.com. 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. Visit Blockchain.info Best Bitcoin Wallets in Your Country UKCanada & USAustralia For the best Bitcoin wallet available in the UK, we’re going to have to go with one we haven’t yet mentioned: Coinbase. Coinbase used to be a place where you could only make value speculations on cryptocurrencies like Bitcoin. How things have changed. Today, Coinbase offers the Coinbase wallet, a bespoke solution for sending and storing Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Coinbase is a fully licensed and regulated trading source, with a history that streches back before the time of cryptocurrency. They’re not new to the game, and therefore have the benefit of trust and experience that few Bitcoin wallet providers can match. Fortunately, the Coinbase wallet is not just for people in the UK any longer. While Coinbase used to be restricted in the United States, the team has improved its offerings so much that they now are fully licensed in the United States. The Coinbase mobile wallet app is one of the best in the business, and will work perfectly for customers in the United States and Canada. Binance is definitely the best wallet solution for Australians and New Zealanders. Though it’s not the best option for long term storage, it’s the place where Bitcoin holders will get the most mileage out of the BTC. Users can trade Bitcoin against dozens of other world-class cryptocurrencies and altcoins on Binance. This is a great way to get access to the global cryptocurrency scene, as Binance has business in all parts of the world. Differences Between Exchange, Hardware and Software Crypto Wallets Let’s go into a bit more detail about the differences between Exchange, Hardware, and Software wallets. Exchange Wallets The Exchange Wallet is used when someone buys Bitcoin or an Altcoin, and safely stores it within the user’s exchange account. It’s never a good idea to store cryptocurrency on exchanges for a long time, because exchanges are routinely hacked and compromised due to the massive trading volumes they have. Here are some good examples of Exchange wallets: Coinbase Wallet Binance Wallet Hardware Wallets Hardware wallets are physical devices designed for long term storage of cryptocurrency. They’re safer than other kinds of wallets because they’re not connected to the internet, and thus cannot be hacked when properly used. There are only a few hardware wallet manufacturers, but all of these options are good. Here are some good examples of Hardware wallets: Ledger Nano S Trezor Bitcoin Paper Wallet Software Wallets Software wallets are phone or computer applications that store Bitcoin. More secure than an exchange wallet, internet-connected software wallets are not as safe as hardware wallets, so should only be used to store Bitcoin for daily use. You wouldn’t store all the money you own in a leather wallet. Software wallets should be used the same way. Here are some good examples of Software wallets: Exodus Wallet Jaxx Wallet Bitcoin Core Best Bitcoin Wallet on Mobile AppleAndroidApple x Android Best Bitcoin Wallet Apple Your mobile Bitcoin wallet isn’t there for ultimate security; it’s there for convenience. Therefore, we say go with the most convenient option, which for our money is blockchain.info. There is no Apple Bitcoin wallet more user friendly than Blockchain.info, and it’s free. Another great option is the Coinbase wallet that was mentioned before. Your crypto will be safe and it’s a company with solid reputation. The only downside is that they currently hold 5-6 different crypto wallets. Best Bitcoin Wallet Android For Android, our vote has to be cast for Jaxx, which we’ve already mentioned in more detail above. Although our first option is to always go with a regulated wallet like Coinbase that will allow you to buy and sell cryptocurrencies without any issues, we also recommend Jaxx for new users. Not only is it secure and convenient, it supports many more coins than just Bitcoin. You can even do basic trading within the app. If you have only one Bitcoin wallet on your Android phone, go with Jaxx. There are tons of Bitcoin wallets for mobile devices. We’ll cut to the chase and give you the best option for Android and Apple. You can find the main differences regarding Crypto Applications below: Apple Only works with applications made for its own software Most Cryptocurrency apps and wallets are instantly banned on the Apple store due to violations of T&C All app publishers need to be identified and cannot be anonymous Android You can run any application on Android You will find any app on the Play store, even the ones that are scams You can run crypto mining applications and scripts on your device As you can tell by now, you have dozens and dozens of options when it comes to choosing a good Bitcoin wallet. As long as you choose one that has excellent security and a good user interface, you should have no problems. When choosing a wallet, always see what other users have to say, using independent comments and reviews from third party forums, like Reddit and BitcoinTalk Forum. Keep your keys to yourself and guard your passwords, and you should never lose access to your precious Bitcoin. Keep it safe for the long term, and you could have an incredible investment on your hands. Good luck! Interested in storing other cryptocurrencies? If you’re interested in buying and storing altcoins, check out our guides below to find the best wallets that cater to each specific coin. Ethereum Wallets Ripple Wallets IOTA Wallets Litecoin Wallets TRON Wallets Zcash Wallets Bitcoin Cash Wallets Dash Wallets Cardano Wallets Stellar Wallets EOS Wallets NEO Wallets Binance Coin Wallets eToro - Our Recommended Crypto Wallet Our Rating Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet Automatic Staking of ETH, ADA or TRX in your Wallet Regulated by FCA, ASIC and CySEC - Millions of Users Unlosable Private Key - Secure eToro Recovery Service Open Free Wallet 68% of retail investor accounts lose money when trading CFDs with this provider. FAQs Can I store all my cryptocurrencies in the same wallet? Yes. If you choose a wallet like Jaxx of Exodus, you'll find that most cryptocurrencies you're interested in buying are supported. There will be a different address for every coin (make sure never to send a coin to the wrong coin address!), but each coin will be supported in the same convenient user interface. 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.