{"id":212791,"date":"2021-02-07T13:45:03","date_gmt":"2021-02-07T18:45:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=212791"},"modified":"2024-06-17T14:54:00","modified_gmt":"2024-06-17T14:54:00","slug":"bitcoin-wallets","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/bitcoin-wallets","title":{"rendered":"10+ Best Bitcoin Wallets for Beginners – Store Crypto Safely"},"content":{"rendered":"
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.<\/p>\n
Using this guide you’ll be able to set up your own secure Bitcoin wallet to safeguard your Bitcoin and other cryptocurrency<\/a> holdings.<\/p>\n Below we take a closer look at the top Bitcoin wallet providers on our list:<\/p>\n 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.<\/p>\n Known as Best Wallet<\/a>, 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.<\/p>\n <\/p>\n 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.<\/p>\n 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.<\/p>\n Visit Best Wallet<\/strong><\/span><\/a>\n<\/p> Exodus<\/a> has distinguished itself as one of the most reliable Bitcoin wallets that investors should try out this year. With its easy-to-use interface, mobile accessibility, anonymity, staking options, and ultimate security features, Exodus caters to the various preferences of beginners and professional investors alike. Besides Bitcoin, Exodus supports more than 250 cryptocurrencies.<\/span><\/p>\n <\/p>\n As such, it is considered an ideal choice for those seeking to diversify their crypto portfolios. When it comes to accessibility, Exodus has a desktop version that’s currently available for Windows, Linux, and Mac OSX operating systems. Those who like to manage and grow their crypto portfolios even while on the move will also find Exodus’ mobile version attractive. Exodus’s mobile app is compatible with both iOS and Android devices, delivering the same experience as its web version.<\/span><\/p>\n While using Exodus, investors can rest assured that their financial and personal details are private. No personal data is required by the wallet for users to download, install, and use the wallet.<\/span><\/p>\n Also, users can exchange their favorite cryptocurrencies without leaving the app or undergoing any KYC process, thanks to its support for non-custodial third-party API exchange providers.<\/span><\/p>\n Another standout attribute of Exodus wallet is its support for staking. It allows users to stake multiple assets so that they can compound their gains with passive rewards. Nonetheless, the APY reward for each asset varies. Additionally, Exodus comes with an NFT marketplace where users can receive, store, and share their digital collections. <\/span><\/p>\n Visit Exodus Wallet<\/strong><\/span><\/a>\n<\/p> Margex Wallet<\/a> stands out as a solid wallet option for beginners looking for the best place to keep their Bitcoin. Built within an exchange app, this wallet solution ensures that users can store Bitcoin and major altcoins like ETH, TRX, MATIC, SOL, XRP, ADA, LTC, AVAX, DOGE, and BCH amongst others.<\/p>\n Beyond effective crypto storage, Margex also provides a secure avenue for all users, including newbies to buy, sell, and trade any of the aforementioned crypto assets. While catering to professional traders with its advanced trading tools like leverage trading, Margex also incorporates copy trading so that beginners can net huge gains without necessarily having a deep knowledge of the market.<\/p>\n <\/p>\n With its copy trading feature, beginners will be able to imitate the trading strategies of successful traders and benefit from the potential opportunities in the market. Users are not mandated to pay a certain fee before maximizing this feature.<\/p>\n Complementing Margex’s appeal as an ideal wallet option for beginners is its easy-to-use interface, ensuring that they can navigate all the embedded features without seeking the support of third parties. The platform’s layout is not only simple to navigate but also easy on the eyes, thereby enhancing accessibility.<\/p>\n Security is the most important aspect of a wallet that ensures safe transactions and attracts trust among users. To guarantee the maximum safety of users and their funds, Margex uses an advanced encryption protocol so that all data exchanged between the platform and traders will be intercepted by hackers. In addition to this, Margex supports a 2FA wallet protection technique to prevent any unauthorized access.<\/p>\n Margex is a no-KYC Bitcoin wallet, which implies that new users won’t have to embark on any rigorous registration process before getting started with the app.<\/p>\n Visit Margex Wallet<\/strong><\/span><\/a>\n<\/p> Zengo<\/a> stands out as another popular wallet where users can manage their cryptocurrencies and NFTs with ease. At the heart of Zengo lies the principles of simplicity, security, and innovation. Users can trade Bitcoin and well-known altcoins like Ethereum, Dogecoin, Polygon, Tether, Shiba Inu, and hundreds of others on Zengo. <\/span><\/p>\n <\/p>\n To improve the overall experience of its users, Zengo supports WalletConnect. Therefore, users can seamlessly connect to dApps and NFT marketplaces like OpenSea. That being said, one major selling point of Zengo that differentiates it from others is its advanced cryptography which ensures that the wallet has no seed phrase vulnerability. <\/span><\/p>\n Those using the wallet don’t have to worry about private crypto keys to keep their assets safe. This aspect of Zengo enhances its market appeal, positioning it as one of the safest and most simple wallets to use this year. <\/span><\/p>\n Additionally, Zengo has embraced securely encrypted biometrics and password-free security measures to ensure that users stay in full control of their assets. Those who need help while exploring any of its features can take advantage of its ever-active customer support service.<\/span><\/p>\n Finally, Zengo has a mobile app that can be downloaded on Google Play and App Store. On Google Play alone, the app boasts more than 500k downloads, underscoring its popularity among wallet users. <\/span><\/p>\n Visit Zengo Wallet<\/strong><\/span><\/a>\n<\/p> BloFin Wallet<\/a> leaves no stone unturned to provide a seamless service to beginners seeking the right spot to store their Bitcoin holdings. Like Margex, the BloFin Wallet also operates within its exchange app, drawing users with an array of industry-standard features such as spot trading, copy trading, futures trading, Earn program, and many more.<\/p>\n Contributing to the positive user experience on BloFin is its sleek interface. BloFin is built with users’ convenience in mind. Its user-focused layout design makes navigating through all the aforementioned trading features and tools a breeze for beginners.<\/p>\n <\/p>\n Beginners and intermediate traders who are occupied with other commitments can take advantage of BloFin’s copy trading feature to replicate top traders’ strategies at no cost. The platform’s futures trading supports over 320 USDT-M perpetual contracts, including Bitcoin.<\/p>\n In terms of deposits and withdrawals, BloFin also supports more than 80 fiat currencies and offers reasonable trading fees. Users can also stake their Bitcoin alongside ETH and USDT to earn passively. Staking on BloFin comes with two options – flexible and fixed products.<\/p>\n The former allows users to redeem their assets at any time while the latter requires stakers to deposit the assets for a specified period of time. All in all, both options provide an ample opportunity for Bitcoin investors to amplify their returns.<\/p>\n Meanwhile, to ensure that activities on its platform are in line with regulatory stipulations, BloFin incorporated a Know-Your-Transaction system. Developed by AnChain.AI, this AI-powered blockchain innovation facilitates real-time monitoring of transactions, empowering the team to discover illicit movement of funds.<\/p>\n Lastly, CER.live, a renowned firm that analyzes the security level of crypto exchanges, scores BloFin 88\/100 when it comes to safety, ranking it among the most secure digital assets trading platforms around. Hence, it is considered a good place for users to maximize their Bitcoin assets.<\/p>\n Visit BloFin Wallet<\/strong><\/span><\/a>\n<\/p> Ledger Stax<\/a> is a new hardware wallet designed by Ledger, a well-known crypto and blockchain security solutions provider. Described as the upgraded versions of Nano X and Nano S Plus, Ledger Stax is popular for its high standards of security and usability.<\/p>\n One major attribute of this cold storage wallet that distinguishes it from its predecessors is its e-ink screen which offers efficient readability, regardless of the lighting conditions. In addition to this, the innovative e-ink display enhances the outlook of the hardware device, giving it a unique curved look while also ensuring low power consumption.<\/p>\n <\/p>\n Another key attraction for Ledger Stax is its portability, meaning it can easily fit it into users pockets, allowing them to move around with it at any period of time. Unlike other hardware wallets, users can power their Ledger Stax devices either through USB-C or wireless charging. This standout attribute adds an extra layer of flexibility to powering the device and ensures that users can choose from any of the options that’s most convenient to them.<\/p>\n Meanwhile, Ledger Stax is built on the same efficient security model as all Ledger devices. This next-generation wallet is developed in a way that makes it resistant to remote and physical attacks. It combines ST33K1M5 Secure Element Chip, pin protection, and two-factor authentication (2FA) to ensure that users’ private keys stay encrypted.<\/p>\n Furthermore, Ledger Stax has a protective mode that instantly locks the gadget once it detects a malicious attempt to access the assets in the wallet. Highlighting its credibility, Ledger Stax has earned a Common Criteria (CC) EAL 5+ certification which attests to how the hardware wallet is up to the International information technology security evaluation standards.<\/p>\n Finally, for those scouting for a reliable device to manage your large crypto portfolios, look no further than Ledger Stax. It supports more than 5,000 cryptocurrencies and NFTs through its mobile-friendly Ledger Live app.<\/p>\n Visit Ledger Stax Wallet<\/strong><\/span><\/a>\n<\/p> Cypherock<\/a> is flying high on our list of the best Bitcoin wallets for beginners due to its strong emphasis on protecting users’ assets through decentralized key storage. The hardware wallet eliminates seed phrase vulnerabilities through its Shamir Secret Sharing mechanism which cryptographically divides users’ private keys into shards and stores them on five tamper-proof devices – one X1 vault and four X1 cards.<\/p>\n The vault device has a dual-chip architecture, accompanied by an OLED display and a joystick for effective offline transactions. X1 cards, on the other hand, come with EAL 6+ Secure Elements to deliver almost the same level of security as credit cards. Meanwhile, whenever users want to execute a transaction, all they need is the X1 vault and one of the X1 cards.<\/p>\n <\/p>\n Through this strategic approach, Cypherock prevents every risk associated with conventional seed phrase backups. However, while Cypherock doubles as a hardware wallet and private keys storage, those who still want to access their seed phrase and back it up elsewhere for additional security are free to do that.<\/p>\n On this note, one such backup option that we recommend is Cryptotag Zeus<\/a>. Designed with titanium, Cryptotag seed recovery plates are indestructible by fire below 1667°C, bullets, erosion, and corrosion.<\/p>\n That being said, Cypherock is known for its extensive crypto support, covering over 9000 assets. More so, setting itself apart from its peers, Cypherock allows up to four wallet accounts per device, making it a perfect pick for crypto whales.<\/p>\n Meanwhile, the wallet is accompanied by a desktop app – CySync – to ensure easy management of users’ assets. Those using the wallet will also be able to explore a host of applications in the world of DeFi.<\/p>\n Most importantly, Cypherock has been fully audited by WalletScrutinity and Keylabs, reinforcing its position as one of the safest hardware wallets for beginners. The device is quite affordable and intending buyers stand the chance to receive a 17% discount if they use our promo code “coldwallet.”<\/p>\n Visit Cypherock Wallet<\/strong><\/span><\/a>\n<\/p> Ellipal<\/a> is an innovative touchscreen Bitcoin wallet that leverages a QR code scanning camera to sign transactions, thereby eliminating the risks associated with USB or wireless connections. For those looking for a secure place to store, manage, and grow crypto assets, Ellipal is one of the best options to consider.<\/span><\/p>\n <\/p>\n Ranked as one of the top three hardware wallets by Forbes, Ellipal supports up to 10,000 cryptocurrencies including Bitcoin and some of the best cryptocurrencies around. The crypto wallet is also compatible with more than 40 blockchains and features a dual-layer defense with CC EAL 5+ Secure Element chip so that users can feel safe while maximizing their assets.<\/span><\/p>\n Meanwhile, the Ellipal wallet comes in two models – Titan 2.0 Cold and Titan Mini Cold. The duo are non-custodial hardware wallets with similar features but different prices. The Titan Mini version of the Ellipal wallet appeals to mobile users as it weighs 100 grams and can be easily kept in any pocket. <\/span><\/p>\n Considering their anti-tampering and fully air-gapped features, investors can rest assured that their wallets are protected from exploitation. <\/span><\/p>\n Adding a feather to Ellipal’s cap is its companion app which has been designed with users’ convenience in mind. With this app, users can buy Bitcoin and other cryptos via third-party providers like Banxa.<\/span><\/p>\n Visit Ellipal Wallet<\/strong><\/span><\/a>\n<\/p> For those who prefer to use a hardware wallet and have a larger amount of bitcoin to store, Trezor<\/a> is an ideal option. we have selected two of the best-known cold storage wallets. It is a small-sized device that can 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.<\/span><\/p>\n <\/p>\n 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. <\/span><\/p>\n 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.<\/span><\/p>\n Visit Trezor<\/strong><\/span><\/a>\n<\/p> Binance<\/a> is a cryptocurrency exchange and a peer-to-peer marketplace that offers users a vast selection of digital assets. <\/span><\/p>\n 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.<\/span><\/p>\n <\/p>\n 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.<\/span><\/p>\n For Americans, there’s Binance US which has the same features as Binance.<\/p>\n Visit Binance Wallet<\/strong><\/span><\/a>\n<\/p> Bybit<\/a> 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.<\/p>\n <\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n Visit Bybit Wallet<\/strong><\/span><\/a>\n<\/p> OKX<\/a> 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.<\/p>\n <\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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<\/a>. 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.<\/p>\n Visit OKX<\/strong><\/span><\/a>\n<\/p> Crypto.com<\/a> 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.<\/p>\n 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.<\/p>\n <\/p>\n 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.<\/p>\n 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.<\/p>\n Visit Crypto.com<\/strong><\/span><\/a>\n<\/p> Coinbase<\/a> 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.<\/span><\/p>\n <\/a><\/p>\n 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 – <\/span>Coinbase Wallet <\/span><\/a>protects your private keys with high-standard security systems, including Secure Enclave, biometric authentication, and optional cloud backups. <\/span><\/p>\n Visit Coinbase<\/strong><\/span><\/a>\n<\/p>On this Page:<\/h2>
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Best Bitcoin Wallets in December 2024<\/h2>\n
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Best Bitcoin Wallets<\/h2>\n
1. Best Wallet – Crypto Wallet With AI Integration<\/h3>\n
2. Exodus – Easy-to-Use Bitcoin Wallet<\/h3>\n
3. Margex Wallet – User-First Approach<\/h3>\n
4. Zengo – No Seed Phrase Vulnerability<\/h3>\n
5. BloFin Wallet – Supports More Than 500 Crypto Assets<\/h3>\n
6. Ledger Stax – Portable Hardware Wallet with an e-ink Screen<\/h3>\n
7. Cypherock – Decentralized Key Storage<\/h3>\n
8. Ellipal – Top Multicurrency Hardware Wallet<\/h3>\n
9. Trezor – Hardware Wallet With Strong Security<\/h3>\n
10. Binance Wallet – 70+ Locked Staking Products<\/h3>\n
11. Bybit Wallet – Good Bitcoin Wallet Allowing Users to Interact with GameFi and DeFi<\/h3>\n
12. OKX Wallet – Beginner-Friendly Wallet to Interact with Different Web 3 Project<\/h3>\n
13. Crypto.com Wallet – Uses Safest and Highly Researched Tech<\/h3>\n
14. Coinbase Exchange Wallet – Supports Staking of ALGO, ATOM, DAI, USDC, XTZ<\/h3>\n
How to Create a Bitcoin Wallet<\/h2>\n