This best crypto wallets review will guide you through the best places to store your Bitcoin and altcoins. Over the past 10 years, Bitcoin’s value has sky rocketed. Cryptocurrencies have taken the world by storm. This leads us to needing ever more safe places to store our digital investments. If you’re new to cryptocurrency and you’re wondering what software or hardware you’ll need, this post is for you. It’s never been more easy to get involved in crypto so check out this post and we’ll have you covered on the safest, easiest and best crypto wallets available on the market today
1. Best crypto wallet overall – Coinbase
Coinbase is one of the easiest ways to buy, sell and store cryptocurrencies. With Coinbase, you can connect to a U.S. bank account and easily transfer dollars in or out of your dollar wallet.
Likewise, UK residents can connect a UK bank account and buy and sell the best cryptocurrencies with ease.
While the big upside of Coinbase is ease of use, it’s also one of the safest platforms and wallets around. If you are going to have one wallet only, then this is the wallet for you.
2. Best for security – Ledger Nano
The Ledger Nano is a USB sized hardware wallet specially designed for the cryptocurrency. It’s a cold wallet so your cryptocurrencies can be stored off-line making it one of the safest ways to keep your funds safe.
It offers many features which are hard to find in any other type of cryptocurrency wallets, especially in terms of security and backup of your private key for the digital currency.
The Ledger Nano allows you to complete a transaction, exchange your digital currency, use the related apps and transfer money from one account to another account within seconds.
The edge the Ledger Nano has over other hardware wallets is the number of coins and tokens it supports and its extremely portable size.
Underlining all these great attributes, the Ledger Nano is very secure from hackers because the physical buttons that have to be used for any transaction to be carried out, and it has an anti-tamper proof feature which checks the integrity of the hardware wallet every time it is powered up.
3. Best for desktop: Electrum
Electrum made its way on the scene when Bitcoin was valued at just a few dollars. It’s one of the oldest and most reliable wallets out there. It’s now estimated that over 10% of all Bitcoin transactions occur on Electrum.
Electrum is a software wallet which means your Bitcoin is stored in a set of files on your home computer. It’s currently available for Windows, Mac OS X, Linux and Android.
The most significant benefit is that you can quickly download and install Electrum. From there, you can store your Bitcoin.
Electrum is considered one of the most secure and best bitcoin wallets available today.
For further info visit the Electrum official site.
4. Best user experience for desktop: Exodus
The Exodus crypto wallet offers a beautiful and intuitive experience when storing crypto. If you are looking for a wallet for your digital currency which has clean graphics, a concise reporting system, colourful and user-friendly then Exodus should rank high on your list.
In addition, Exodus has advanced features which you expect to have in any advanced level web-based online wallet (support for multiple currencies, one-click exchange, top-notch security protocols).
5. Best for mobile: MyCelium
If you’re looking for a top smartphone Bitcoin wallet, then the MyCelium wallet may be the one for you. It’s hard to find too many faults with the product. It’s simple to understand and has more complex features for advanced users.
Sending and receiving is super fast which makes it effective for storing and using small amounts of Bitcoin (this is the only crypto it supports).
The only drawback is the potential security threats of it being online.
As with any device that is continually online storing private keys, security is never 100% guaranteed. In our opinion, this is a great option for sending and receiving Bitcoin on the move and is something which can complement other storage options.
6. Best exchange wallet: Binance
At some point, you will want to move some of your Bitcoin’s and altcoins from the safest storage options such as a Ledger Nano or Coinbase to an exchange wallet.
Why will you need to do this?
If you want to trade Bitcoin for a range of altcoins then you’ll need an exchange to do this. This is where the rub is. No exchange is infallible. They do get hacked. They are using hot wallets to store your crypto. We need to appreciate that this is one of the less secure ways of storing cryptocurrencies.
We, therefore, must balance the positives (such as the range of coins and liquidity an exchange offers) with safety. When the chips are down, we recommend Binance as it’s the biggest and best crypto exchange out there.
As long as you take steps to transfer the fruits of your trading to a more secure long term option, then Binance is still the best exchange wallet option available.
The best crypto wallets – wrapped up
And that’s our guide to the best crypto wallets for storing Bitcoin and altcoin. We are sure that from this curated selection there are a number of options that will fit your needs. If you found this post helpful, please share us on your social media channel below.
By The Numbers: The Rate Bitcoin Must Climb To Reach $100K By July
Bitcoin is a numbers game through and through. There are only 21 million BTC. The code and its consensus algorithm are both made up of complex math. The total coins are slashed in half every four years, and so on and so fourth.
Most important of all, here’s the growth rate Bitcoin price must hit steadily to reach $100K per BTC by July 2021 according to one crypto capital manager – as well as the one thing that could get in the way.
Bitcoin Price Growth Rate Should Take Crypto Valuation To $100K By July
Bitcoin’s growth from virtually worthless to more than $60,000 per » Read more
” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin came to be reads as if it was ripped from a sci-fi film: Mysterious person takes a shot at all money, and takes no credit for the monumental effort.
” href=”https://www.newsbtc.com/dictionary/satoshi/” data-wpel-link=”internal”>Satoshi’s creation is now more than a decade old and has grown far beyond most people’s expectations. Over the last year alone, the leading cryptocurrency by market cap has grown at a daily average rate of 0.65% since April, resulting in a nearly a ten times climb in value.
At the current pace, according to crypto capital manager Timothy Peterson, Bitcoin price would reach $100K by June 30th.
At only a daily growth rate of 0.64% the top crypto should hit $100K by July | Source: BTCUSD on TradingView.com
The One Factor That Could Cause BTC To Fall Short Of Target
Bitcoin price must maintain comparable momentum over the last year to keep climbing at a similar rate and reach more than $100K per » Read more
” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin. The number is now closer to the current price action than $10K is, and thus potentially more achievable.
Price predictions for the next cycle top reach as much as $400K, with estimates more steeped in reality ranging from $125,000 to $325,000 per BTC.
The rally could really be over if the historically accurate signal is right again | Source: BTCUSD on TradingView.com
There’s a chance, however, the cycle top is in, according to the Pi Cycle Top Indicator. If the historically accurate tool is right yet again, the leading cryptocurrency’s daily growth rate will begin to decline from here on out until another bull market breaks out.
Bitcoin price wouldn’t make it to $100K by July, and a return to prices much lower would follow. If that’s the case, crypto investors would have to wait a while longer for the number one cryptocurrency by market cap to reach that ultimate target.
Featured image from Deposit Photos, Charts from TradingView.com
Bitcoin’s time has come: TIME magazine to hold BTC on balance sheet
Institutional fund manager Grayscale has partnered with acclaimed New York-based magazine TIME to produce an educational video series on the subject of crypto assets.
The partnership was announced on April by Grayscale’s CEO, Michael Sonnenshein, with Sonnenshein revealing that TIME and its president, Keith Grossman, will receive payment in Bitcoin.
Further, TIME does not intend to convert the Bitcoin it receives through the deal into fiat, and will hold the crypto asset on its balance sheet. No further details of the partnership have been revealed so far.
— Michael Sonnenshein (@Sonnenshein) April 12, 2021
TIME was first published on March 3, 1923, with the magazine and online publication having been active in the crypto space of late. In March, TIME cashed in on the NFT mania by dropping a set of tokenized magazine covers on NFT marketplace SuperRare, with the “TIME Space Exploration – January 19th, 1959” NFT fetching 135 ETH worth almost $250,000 on March 30.
“The media industry is undergoing a rapid evolution. TIME is seeking a Chief Financial Officer who can help guide its transformation,” the listing said.
According to Bitcointreasuries.com, TIME will become the 33rd publicly traded company to hold Bitcoin on its balance sheet. TIME joins the ranks of top U.S. companies Microstrategy — who have invested billions into BTC from August 2020, Square — who added 4,709 BTC to their treasury in October, and Tesla — which purchased $1.5 billion worth of BTC in January. Multinational investment corporation Blackrock also began dabbling in crypto during February, profiting more than $360,000 from a small long using Bitcoin futures.
This deal marks a significant partnership between giants of the mainstream and crypto worlds. Grayscale was founded in 2013 and has $46 billion worth of crypto assets under management, including roughly 3% of Bitcoin’s total circulating supply.
Moonstake integrates with Sylo to bring their staking protocol to the Sylo Smart Wallet
Moonstake, a staking pool protocol and service provider, has announced a new partnership with Sylo, a decentralized software development firm and the creators of the Sylo Network and Sylo Smart Wallet.
Through this collaboration, Moonstake will connect Sylo with their robust API/SDK solution, thereby enabling staking functionalities in the Sylo Smart Wallet and allowing Sylo users to earn passive income from their idle crypto assets.
Founded in 2010, Sylo is committed to decentralization and has created an ecosystem consisting of digital consumer wallet software, applications, infrastructure, and developer tools in order to usher in a decentralized future worth looking forward to.
A unique wallet app that combines digital asset management with decentralized communication, the Sylo Smart Wallet is a savvy decentralized e-wallet that enables users to purchase, store, track, send, and receive crypto assets, explore the world of Ethereum dApps by means of a Web3 Browser, pay with cryptocurrency in the real world, and provides secure communications by chat or audio/video call.
“We’re pleased to offer our community of global users yet another way to access the benefits of crypto. As always, our user flow has been designed with simplicity in mind, and staking via Moonstake in the Sylo Smart Wallet will make earning from digital assets simple enough for people everywhere.”
– Dorian Johannink, Co-Founder and Business Director of Sylo
Born over a year ago with the aim to create the largest staking network in Asia, since its inception Moonstake has developed highly user-friendly wallets for both Web and Mobile (iOS/Android) that are compatible with over 2000 cryptocurrencies.
After a full-scale operational launch in August 2020, Moonstake’s total staking assets have grown rapidly to reach USD 800 million in staked assets over just six months. Within a year of its founding, Moonstake became ranked in the top 10 of the world’s premier staking service providers and it continues to strongly expand its business.
“The Sylo Smart Wallet is an interesting e-wallet that combines the functionality of a flexible digital asset management tool and a secure instant messaging app. We are happy to help proper crypto projects like Sylo enable staking in their wallet so that users can have more ways to earn with crypto. With a wide selection of PoS coins and attractive yield rates from our high-quality staking pools, we are confident that users will be pleased with their staking experience on Sylo powered by Moonstake.”
– Mitsuru Tezuka, Founder of Moonstake