Which is the best Bitcoin wallet, Copay or Buxtank?
Noel While the concept of Bitcoin may be new to some people, this well-known cryptocurrency has been around for more than a decade. Bitcoin is one of many digital currencies that have become fairly common holdings among tech-savvy households.
Proponents of cryptocurrencies argue that digital currencies are easier and safer, and come with better privacy than traditional currencies. Because of its limited supply, Bitcoin has shown up on some people’s radar as an investment opportunity as well. However, it should be noted that cryptocurrencies are still risky investments.
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If you understand the risks and you’re ready to move forward, the following best Bitcoin wallets can serve as good options for storing your bitcoins.
Coinbase:
Coinbase is one of the easiest ways to buy, sell, and hold cryptocurrencies. With Coinbase, you can connect a U.S. bank account and easily transfer dollars in or out of your wallet. You can use those dollars to buy Bitcoin and other cryptocurrencies.
This digital exchange and online cryptocurrency wallet provider is great for people new to Bitcoin. It makes buying and selling very similar to buying and selling stock through your brokerage account. Coinbase wallets can hold more than 20 cryptocurrencies including U.S. dollars and the USD Coin pegged to the dollar.1
Another great feature is Coinbase Earn, which gives you free cryptocurrencies in exchange for watching videos and taking quizzes.
Trezor:
Just like the cash in your wallet, if someone steals your cryptocurrencies, you are probably out of luck. After high profile cryptocurrency hacks and losses in the past, it’s wise to keep a strong focus on the security of your cryptocurrency.
The Trezor hardware wallet is a device you store your bitcoins on. It plugs into your computer or smartphone. The device has a small screen you can use to manage your secure connection. Current models sell for $55 to over $500 depending on which one you choose. The cheapest version, a black or white plastic device called the Trezor One, is an incredibly secure device that includes multi-factor authentication and supports more than 1,000 digital coins.
Ledger:
The Ledger Nano X and Ledger Nano S are hardware wallets that keep your bitcoins safe in an offline device. About the size of a USB flash drive, Ledger devices connect to your phone or computer to store and access your digital holdings. The device is surrounded by a stainless steel cover, which makes it very durable.
With the included Ledger Live software, you can check your balance, and send and receive currencies. Ledger supports over 1,200 digital coins and tokens, so you are far from limited to Bitcoin. Ledger Live even supports coin staking, in which you can earn rewards based on your balance.