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. On this Page:Contents [show] Best Bitcoin Wallets in January 2022 eToro – supports staking of ETH, ADA, TRX Coinbase – supports staking of ALGO, ATOM, DAI, USDC, XTZ, Binance – 70+ locked staking products Trezor Ledger Nano S Best Exchange Bitcoin 2Wallet 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 get0.0297BTCWhat we likeEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionFeaturesPayment methodsfor $1000 you get0.0297 BTCRead ReviewBuy BitcoinRead Review68% of retail CFD accounts lose money. 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. 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. 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. 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 3. 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. 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 4. 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. 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. 5. 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. 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 $60. How to Create a Bitcoin Wallet Amon Amon Wallet is an intuitive, state-of-the-art wallet that allows seamless buying, selling and exchanging of fiat and cryptocurrencies. Enjoy the freedom of more than 10 digital and traditional currencies, all in one place. Let’s explore the pain-free process of creating your Amon Account. Step 1: Create Your Amon Account Simply head to amon.tech or download the Amon Wallet app from the Google Playstore or the Apple App Store. Enter your details as displayed above. Check your email for a verification code. Next up you’ll need to verify your identity (KYC). Once we’ve approved your (KYC) you’ll unlock the full power of the Amon Wallet! Step 2: Let’s purchase some BTC First up, head to the “Wallets” screen to deposit EUR / GBP Select either EUR or GBP. Make a SEPA transfer (instant transfer is also accepted). Once you’ve deposited your desired amount into the above account, you’ll have EUR or GBP in your fiat account. Next up, head to the convert screen and select EUR to BTC. Step 3: Start earning interest on your crypto with Amon Earn Head over to the Earn screen and select “Move In”. Select the amount of BTC or other crypto that you want to earn interest on and hit deposit. Receive every Monday your interest. Withdraw your funds at anytime, no locking period. Step 4: Order the Amon Card Head to the card screen. Select continue. Select your desired Card Tier plan and click “Select Plan” and confirm your selected plan. Lastly, enter your shipping details, and VOILA, your Amon Card is on the way to you! Visit Amon ZenGo ZenGo is a non-custodial, keyless crypto wallet, making it the simplest yet most secure and always recoverable wallet to invest in cryptocurrency. Create an account in just 19 seconds and be the true owner of your crypto. They also have a limited time offer, until the end of January 2022: Earn 5% APY on your bitcoin – Up to 50K$ 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 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. 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. Exchange Wallets In 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). Crypto 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 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.