A good Bitcoin wallet should be downloaded from a trusted source with a good reputation. The wallet should be secure and must never expose assets, Bitcoin address, and seed phrase. Let’s look at the most popular Bitcoin wallet options. Bitcoin or crypto wallets can be broken down into two primary types: Hardware and Online Wallets.
A hardware wallet or cold storage is for users who want to conduct transactions online while keeping their private key offline. Hardware Bitcoin wallet offers the best security unless the device itself is lost. A Bitcoin ATM can also be considered a hardware wallet.
An online wallet is a cloud-based system that can be opened through any device connected to the internet, thus making it the most comfortable choice for online users—also called a web wallet.
This is a cold storage device for safe-keeping digital currencies. Pros: High-security levels as you hold the private key, 2FA, and no fee. Cons: Cannot purchase tokens, Only supports a few app.
Atomic wallet is probably the highest-rated best bitcoin wallet for the desktop that supports over 300 coins besides Bitcoin. Pros: You hold the private key, support BTC and altcoins, built-in regular exchange, comprehensive interface. Cons: High transaction fee.
Exodus is a desktop-only use digital wallet and the first desktop wallet to support multi cryptocurrencies at the same time. Pros: Private key is held by the user, high security. Cons: No mobile device version.
Coinbase is one of the leading all-crypto exchanges that offer to trade crypto assets. Their Bitcoin wallet can be considered among the safest places to hold your coins. Pros: Low fees, high security, numerous payment method. Cons: You have no control over private key.
The Binance Wallet is one of the most popular hardware wallets. Pros: Low fees, hot storage feature, low minimum deposit, multiple wallets, use of fiat currency. Cons: You have no control over private keys.