Bitcoin has become widely accepted amongst investors today, and this has led to the need for reliable and efficient software that will help you manage it. One of the best places to start is by determining the best bitcoin wallet for you. What better way to find out than to take a little deep-dive into the latest market trends.
Here are the 5 leading bitcoin wallets to look out for this 2022:
A widely popular Bitcoin trading app, and it’s easy to see why. Completely free, their user interface is extremely easy to use with large icons and a basic design. Furthermore, Coinbase’s connection to most major banks makes withdrawing crypto a piece of cake. Finally, their security is also respectable. The most noteworthy of their safety offers is their private key, which they store in your device to protect it from cyberattacks.
As we previously said, security is a priority for anyone who manages crypto. The Ledger Nano X is a hardware wallet that is built exactly for that. Aside from supporting 1500 cryptocurrencies and being able to be connected to your mobile device via Bluetooth, it is also one of the most secure out there. The device features Secure Element (SE), and requires a 24-word recovery phrase on top of your PIN code. While it is relatively more expensive than the others, the additional security features make it a great investment.
Mycelium, a Bitcoin-based platform, has been consistent in producing the best mobile platforms for Bitcoin for years. With their platform being available solely on mobile, Mycelium has taken advantage of the massive portion of the Bitcoin community always on the go. Furthermore, its multiple levels of pin protection will continue to keep the data on your phone secure.
While there are many Bitcoin wallets out there, Exodus stands out as the best. Formerly a purely desktop app, they have recently forayed into mobile, with apps now available on Android and iOS. However, Exodus still has the best mobile wallet, due to the ease and speed of transactions, and wide selection of supported cryptos.
A platform solely dedicated to Bitcoin, electrum makes up for its bland user interface with its features. For one, it’s open-source and allows users to set transaction fees. Secondly, users can also choose the level of security they want for their account, whether by 2-factor or multi-signature wallet.
This 2022, the options in crypto wallets are abundant and made for the average joe. While some may be pricier than others, wallets pay for your investment by making your life as a budding investor easier. What I can personally say is that before you make your choice, check out what you’ll need in your Bitcoin journey because the chances are there’s a quality wallet there.