6 Best Bitcoin Wallets with Enhanced Storage and security Features

Bitcoin continues to dominate as the largest cryptocurrency. The cryptocurrency that came into inception in 2009 has attracted top world investors. Before investing in Bitcoin, it’s important for an investor to identify the most secured bitcoin wallet.

Bitcoin wallets store a collection of bitcoin private keys and solely accessed by its owner. The wallet is not shared and distributed like blockchain technology. There are two categories of bitcoin wallets namely: hot wallet and cold wallet also referred as hardware wallet.

Top Bitcoin Wallets which investors should consider

1. Exodus: This wallet is categorized as hot wallet and is best for beginners. Exodus is designed for both mobile and desktop wallet. It allows for the exchange from one cryptocurrency to another one.

2.Electrum: It is a hot wallet and just like Exodus, it is also free of charge. The wallet is compatible with Ledger and Trezor. It is one of the original bitcoin wallets and has existed since 2011. Electrum is more suitable for advanced users because of its complexity.

3. Mycelium: This is an example of a hot wallet that is suitable for mobile users. It is compatible with both Ledger and Trezor wallets. According to Investopedia, Mycelium only supports Bitcoin with most similarities drawn from Electrum, but the exception is that it is only mobile.

4. Ledger Nano X: This is categorized as cold wallet and goes at a premium of around $119.

5. Trezor Model T: The cold wallet costs $170 and is almost similar to the Ledger. It enables the user to access third-party exchanges.

6. Ledger Nano S: It is a cold wallet that cost $59 and was introduced by Ledger. Just like Ledger Nano, it is compatible with numerous cryptocurrencies.

Bitcoin proponents argue that cryptocurrencies is easier, safer and comes with better privacy than traditional currencies.

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