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Best 7 Bitcoin Wallets for Beginners

A secure Bitcoin wallet is essential for crypto investors. Today many regulated, well-established cryptocurrency exchanges offer free wallets, including eToro which has an unlosable private key so you will never lose access to your BTC holdings.

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. The eToro Money wallet is our pick for the best Bitcoin wallet of 2022.

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Contents [show]

    Best Bitcoin Wallets in August 2022

    • eToro – supports staking of ETH, ADA, TRX
    • Huobi wallet – One of the oldest and most trusted
    • Crypto.com – 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 Exchange Bitcoin Wallet

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    Best Bitcoin Wallets in the US

    1. eToro Exchange Wallet

    eToro is among the most reputable and well-known brokers in the US, UK and worldwide. Along with its multiple assets available for trading, it also offers cryptocurrencies that you can buy and sell without paying any commissions. The only trading fee you need to pay is the difference between the buy and sell prices. Plus, there are lots of other exciting and reliable features eToro offers to its customers.

    First and foremost, in this case, is that apart from your trading account, you can also get access to eToro’s crypto wallet called Money. It’s among the world’s safest and best Bitcoin wallets, with high-level security features. Also, with the Money crypto wallet, you can always be sure to recover your private keys free and quickly if you forget them.

    eToro Wallet

    The wallet gives you access to 120 cryptocurrencies that you can buy, receive, send or transfer. Plus, you can also stake crypto assets such as ETH, ADA, TRX and get rewards from holding them for a certain period of time.

    As for the security of your trades and assets, both the platform and the wallet are regulated – Its wallet is regulated by GFSC, while the eToro exchange is regulated by 4 top tier authorities – the FCA, CySEC, ASIC and the FSCS. eToro also stands out with its good customer support service that includes phone and email contact too.

    Visit eToro

    2. Huobi wallet

    Huobi Wallet is a secure and professional bitcoin wallet that employs cutting-edge technologies to improve secure asset management and protection. This wallet assures the protection of every user’s assets from different security threats by leveraging the Huobi Group’s cumulative security expertise and blockchain technology development.

    Huobi Wallet’s updated and improved version has a more proficient user interface. After launching the app, you can explore assets and make quick transfers from the home screen. Users can add their favorite coins to the app along with the top eight coins (BTC, ETH, EOS, TRX, USDT, and so on).

    Huobi wallet review

    In this Bitcoin wallet, users have control over their private keys, which the company never sees. There are numerous backup options available to protect against loss or theft. The process of creating an account is simple, and the functionality is user-friendly, thereby permitting clients to easily access their crypto balances.

    The wallet also supports multi-signature and allows multiple people to jointly manage digital assets. Apart from Bitcoin, it supports a plethora of cryptocurrencies on its platform, including Ethereum, Ripple, Tether, Litecoin, Dashcoin, Dogecoin, Bitcoin cash, USD coin, and much more.

    Visit Huobi

    3. Crypto.com wallet

    Crypto.com 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 Crypto.com 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 Crypto.com DeFi Wallet to the Crypto.com App with your preferred wallet for gaining access to Crypto.com’s various crypto financial products.

    Visit Crypto.com

    4. 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

    5. 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

    6. 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.

    7. 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

    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 amon.tech 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

    Amon

    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

    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 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

    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

    Never:

    • 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.

    Also popular in 2022 are crypto savings accounts in which you earn interest on the Bitcoin, other cryptos or stablecoins in your wallet balance. For example Aqru wallet allows you to earn 7% APY on Bitcoin holdings.

    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 eToro and 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 in the US 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.

    Conclusion

    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 in the US, including eToro, Coinbase, and Binance as the best exchange wallets; Trezor and Ledger Nano S, – the best hardware wallets.

    eToro - Our Recommended Crypto Wallet

    Our Rating

    eToro exchange
    • 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
    eToro exchange
    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.

    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?

      Bill
      Reply
      • 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
        PRO INVESTOR
        Reply
    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.

      Austin
      Reply
      • 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
        PRO INVESTOR
        Reply
    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?

      Morgan
      Reply
      • 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
        PRO INVESTOR
        Reply
    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.

      Harry
      Reply
      • 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.

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    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?

      James
      Reply
      • 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.

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    6. Question

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

      kwo5412
      Reply
      • 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.

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    7. Question

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

      Alicia
      Reply
      • 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.

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    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?

      Jeremy
      Reply
      • 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.

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    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?

      Bas417
      Reply
      • 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.

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    10. Question

      What is the best cryptocurrency to store in a wallet?

      Martha
      Reply
      • 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.

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    eToro - Best Exchange Wallet

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    Open Wallet

    68% of retail CFD accounts lose money.

    eToro - Best Exchange Wallet
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    68% of retail CFD accounts lose money.

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