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Bitcoin Trading: Some Of The Best Bitcoin Wallets For Storing Your BTC

Byozfetch

Nov 21, 2019 #Business

Bitcoin is one of the most common cryptocurrencies around. Many people are interested in getting the latest bitcoin news now to help them make well-informed trading decisions. However, while Bitcoin’s popularity has been on the increase over the past years, there is a need to understand the importance of the safety and security of this cryptocurrency.

Most people who are familiar with bitcoins or any other cryptocurrency are familiar with secured wallets and their essentiality to holding bitcoins. With hundreds of these wallets available online to choose from, it is possible for newbies, even professionals to make the mistake of choosing the wrong wallet for storing their BTC. But You can avoid the mistake made by them by visiting the bitcoin expert Gavin Wood and choose the correct wallet like neo coin wallet to make your bitcoin secure.

In this article, we will be discussing some of the most reliable wallets wherein you can securely store your BTC.

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First, when choosing a wallet for your BTC, there is a need to know some of the things to watch out for. The presence of these features can guarantee the integrity of the wallet provider. Below are some of the things you need to watch out for:

  • Backup and security features such as pin codes and seed backups
  • Ease of use, in the form of an Elegant and user-friendly UI paired with an easy to interact interface
  • Control-private keys, giving you the autonomy to control your keys
  • Compatibility with different operating systems
  • A developer community that guarantees an active community for maintenance.

Having understood some of the key features to look out for in a wallet, below are some of the best wallets to choose for storing your BTC.

1. Ledger Nano X

This falls under the class of hardware wallets. It was developed by a French start-up company. The Ledger Nano X qualifies as one of the most up to date, modern and highly functional bitcoin wallets in 2019. The hardware wallet has been designed to be compatible with both desktop and mobile platforms and comes with an in-built battery.

The Ledger Nano X, from a security perspective, boasts of two chips which ensure that the user’s keys are kept away from unauthorized persons.

The Ledger Nano X also supports hundreds of cryptocurrencies some of which include: Ripple (XRP), Bitcoin, Litecoin, Ethereum, Binance chain (BNB), USDT, Dash, Tron, EOS, Cardona (ADA), BAT (Basic Attention Token), All ERC 20 Token, Monero (XMR) and more.

2. Ledger Nano S

The Ledger Nano S comes as an older version of the Nano X which has been discussed above. The Nano S was designed in the form of a USB drive that can easily be connected to any USB port. The Nano S, being an older and unimproved version of the Nano X lacks some of the desirable features of the newer wallet including an in-built battery. The lack of an in-built battery makes it difficult to use the wallet unless it has been connected to a computer or any other mobile device with support for the USB interface.

One of the interesting features of the Ledger Nano S is that it is shipped with an anti-tampering sticker as part of its cryptographic procedure when it is powered on.

The wallet also comes with an OLED screen and two buttons located on the sides which are used for confirming transactions.

When setting up the Ledger Nano S on a new device, users will need to set up a new pin code which serves to secure the wallet.

Note: Be sure to record down the 24-word recovery phrase which can be used at any time to restore your bitcoins.

The Ledger Nano S, compared with the Nano X, has its private keys stored offline. This means that you do not need to worry about the safety of your cryptocurrency.

The Nano S supports major cryptocurrencies including Bitcoin Cash (BCC), Bitcoin (BTC), ARK, Ripple (XRP), Litecoin (LTC), Ethereum Classic (ETC), PoSW, Vertcoin, Viacoin, Zcash (ZEC), Stratis (STRAT), Komodo (KMD), Dogecoin (DOGE), PIVX, NEO and more.

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3. Atomic Wallet

The Atomic Wallet is one of the very first cryptocurrency wallets, boasting decentralized cross-chain atomic swaps on board. The multi-currency custody-free wallet supports more than 300 coins and tokens.

In addition to its support for over 300 coins, users can exchange Bitcoin, QTUM, and Litecoin with no need for intermediaries.

In addition to this, the wallet also offers a built-in regular exchange service that supports a range of cryptocurrencies and allows exchange using a bank card.

A great advantage of this wallet is the fact that it is well crafted and offers an easy to use platform that is both clear and comprehensive. Similar to other non-custodial wallets of its kind, this wallet also generates mnemonic seeds for wallets and ensures that private keys are encoded in the user device.

By ozfetch

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