What is the best bitcoin wallet in 2019?

Bitcoin wallets allow you to store and send Bitcoin.
In order to choose the best wallet for your needs there are a lot of factors to take into account.

First of all you need to choose a wallet type.

Different different Bitcoin wallets types are used for different purposes.
For example, if you need to store a large amount of Bitcoin safely, the Hardware wallet is your choice.

If you want to have some small Bitcoin change to pay for a cup of coffee than use a Mobile wallet.
Usually, wallets vary on the scale of security versus convenience, and you need to decide where you want to be on that scale.

So what is our best choice in each category?

Hardware wallets

Hardware wallets offer the optimal mix between security and ease of use.
To send your bitcoins you’ll need to have your hardware wallet connected to a computer.
But you never need to input your private key on the computer itself.

Ledger Nano X is one of the most advanced hardware wallets.
Your private keys are safely isolated inside the device’s certified secure element (CC EAL5+).
Support Bluetooth connection.
The Ledger Nano X can store up to 100 applications at the same time, including Bitcoin, Ethereum, XRP and many more.

 

 

 

Like Ledger Nano X and Ladger Nano S Trezor wallet keeps private keys on its device and signs transactions through hooking up via USB.

Mobile wallets

These wallets are considered to be the least secure but well suited for small everyday transactions.

Samourai is the best mobile wallet I have seen in privacy and support.

Desktop wallets

You can download and install a desctop wallet on your computer.
As long as your computer is free of malware or any security weaknesses, your Bitcoins are safe.

The benefits of Electrum wallet include its speed, its security and its stability.
It is also compatible with both Ledger and Trezor hardware wallets as an additional security measure.

 

 

Wasabi is an open source wallet with advanced privacy features.

Paper wallets

Paper wallets are just pieces of paper with a private key printed on them.
In this case, someone who can physically access that paper can steal your bitcoins.
But you can pass this wallet to anyone without using an Internet (as a tip in a restaurant for example)

This is a free open source Javascript based website where you can generate a private and public key for storing your bitcoin and then print out the wallet using your own printer.
The resulting certificate will have your keys and a QR code which you can store for safe keeping.

Web wallets

These type of wallets are the least secure option because your the private keys are stored by the third party and not by you.
So we don’t recommend storing your Bitcoin in any web wallet or exchange for a long time.
Remember! Not Your Keys, Not Your Bitcoin!

The most popular web wallet is blockchain.com (previously blockchain.info)

 

 

Photo credit: Crypto360 on Visual hunt / CC BY