To say that the dramatic growth of the popularity of Bitcoin surprised many would be an understatement. It was not, by any means, a project that had no other choice but to succeed. Quite the contrary – many experts have expected Bitcoin to fail.
Amid such circumstances, now the million-dollar question: who accepts bitcoin as a currency? You will be surprised, but many globally recognised financial institutions have already included cryptocurrencies (especially Bitcoin) as a payment method.
5 Best Crypto Wallets for 2021
However, that is not what happened. In 2021, Bitcoin is as popular and valuable as ever before, and in the foreseeable future, its position does not seem likely to change for the worse.
If you have started mining or trading cryptocurrencies, you should remember that protection is essential if you do not want to lose your newly-mined Bitcoin or other cryptocurrencies of your choice. That is especially the case when it comes to choosing crypto wallets.
Ideally, you should go for the best crypto wallet out there. In a moment, we will share with you a list of a few best crypto wallets that you can possibly go for. Check it out!
Ledger Nano S
The Ledger Nano S is a crypto hardware wallet that supports Bitcoin, Ethereum, Ripple, and dozens of other cryptocurrencies. It is based on state-of-the-art safety features and an OLED display for easy navigation of the options.
The Ledger Nano S supports several types of accounts and offers excellent security, which makes it one of the most popular hardware wallets in the market today. In general, it is safe to say that it is a user-friendly solution that simplifies the process of moving your coins from one wallet to another.
The wallet is protected with a pin code and two-factor authentication. To access your wallet, you will need to plug the device into your PC or smartphone and use the PIN code. Once you do that, you should confirm the transaction by pressing the button on your hardware wallet.
Trezor is a popular hardware wallet that has been on the market for years. It has a simple design, yet it is very user-friendly and comes with quite a few security features that make it extremely reliable.
One of the most important advantages of this device is its compatibility with various types of cryptocurrency, including Bitcoin, Ethereum, Zcash, DASH, Litecoin, Namecoin, and Dogecoin.
In order to access this wallet, you have to type in your pin code. Once you do that, you can manage your funds freely. As mentioned above, this is an excellent choice.
Additionally, it can be a neat solution for people who are not familiar with crypto wallets and do not want to spend a lot of time learning how to use them. However, if you are an experienced user, Trezor is still worth considering because of its ease of use.
Jaxx is an excellent multi-cryptocurrency wallet that supports over seventy different cryptocurrencies and tokens, including Bitcoin, Ethereum, Dash, and Litecoin. This wallet is multi-platform and can be installed on various devices, such as computers and smartphones.
The Jaxx platform was designed to be user-friendly and intuitive. People who are not tech experts should be able to use it without any issues. The interface makes adding new crypto assets incredibly easy.
Exodus is a multi-cryptocurrency wallet with a clear and simple interface, and it is really easy to use. In addition, it is secured by a twelve-word passphrase that was generated during setup.
Because of that, you can rest assured that your digital assets are safe even if your computer or mobile phone gets hacked. In case you forget your passphrase or lose your device, you can restore your wallet by using your recovery phrase.
Trezor Model T
The Trezor Model T was launched in 2018, and it is one of the best hardware wallets that you can find on the market. It is a combination of the original Trezor and a small touchscreen that makes it easier to navigate the options and choose between different cryptocurrencies.
The Trezor Model T comes with numerous security features that make it an excellent option for people who want to store large amounts of cryptocurrency. However, it is not ideal for beginners. Thus, if you are not familiar with crypto wallets, you should consider using other solutions from our list.
As you can see, there are many different types of crypto wallets available on the market today. The five options presented above are some of the best ones, but they certainly are not the only ones that you can possibly go for.
If you want to learn more about different crypto wallets, there are plenty of other articles out there that should prove to be useful. Quite a few are a great choice for beginners who do not know much about cryptocurrencies, while others are meant for seasoned veterans.
Thanks to such a number of possible choices, you should be able to find a crypto wallet that will suit your needs in no time!