- 1.Best Bitcoin Wallet: Ledger Nano X
- 2.Best Mobile Wallet: Trust Wallet
- 3.Best Wallet For beginners: Exodus
- 4.The Most Secure Bitcoin Wallet: Trezor Model T
- 5.Best Wallet For Experienced Users: Electrum
- 6.Other BTC Wallets
- 7.What Is A Cryptocurrency Wallet?
- 8.How Does A Bitcoin Wallet Work?
- 9.Types Of Bitcoin Wallets
- 10.FAQ
Top 10 Best Bitcoin Wallets in 2024
Today Bitcoin is a dominant asset in the crypto market. There are services for buying, selling, exchanging and trading BTC. But users need a place to store their coins. For these purposes cryptocurrency wallets were developed.
TGDRatings experts reviewed the best wallets for storing Bitcoins. You can read about the features of each wallet and choose the service that best suits your needs from the top below.
Best Bitcoin Wallet: Ledger Nano X
Address: https://shop.ledger.com/products/ledger-nano-x
Ledger Nano X is hardware crypto wallet that provides cold storage. The device looks like a flash drive disk and works like a USB device. It connects to the Internet only to conduct asset transactions. Thus, private keys are stored on a device that is not connected to the web, what ensures a high level of safety.
The wallet connects to a computer or phone using Bluetooth and has a large screen for ease of use. Supports more than 5000 assets, allows you to install up to 100 applications at the same time.
- Launch year: 2019;
- Wallet type: hardware;
- Supported cryptocurrencies except BTC: 5+ thousand of currencies;
- Unique Feature: Bluetooth and Ledger Live for iOS compatibility, NFT interoperability.
Best Mobile Wallet: Trust Wallet
Address: https://trustwallet.com/
The official crypto wallet of Binance exchange. Easy to use yet multifunctional: supports a huge number of assets and has a swap (cryptocurrency exchange) function. In addition, you can buy cryptocurrency with a card and make passive income from staking and provide access to the DeFi lending market. It is a non-custodial wallet, that is, the service does not own private keys and does not store them. Only the wallet user has access to the private key, which allows him to fully control the funds.
- Launch year: 2017;
- Wallet type: mobile;
- Supported cryptocurrencies except BTC: 4.5+ thousand of currencies and 65 blockchains;
- Unique feature: buy cryptocurrency with fiat via Mercuryo, MoonPay, Simplex, Ramp, Transak etc.
Best Wallet For beginners: Exodus
Address: https://www.exodus.com/
A simple and user-friendly wallet for working with digital assets. In addition to storage, the wallet supports purchase of cryptocurrencies (including with a card), swap service (quick exchange), and allows you to earn on staking. Available for download to PC (for Windows, Mac, Linux) and smartphone (iOS and Android).
- Launch year: 2015;
- Wallet type: desktop, mobile;
- Supported cryptocurrencies except BTC: 260+ currencies;
- Unique feature: Trezor hardware wallet integration.
The Most Secure Bitcoin Wallet: Trezor Model T
Address: https://trezor.io/trezor-model-t
Trezor Model T is the top model of the hardware wallets for secure storage of cryptoassets. It is a small device with a square touchscreen that connects to a PC via USB. Private keys are stored on a device that is not connected to the Internet, which ensures reliable protection of funds.
The 240×240 px screen resolution allows you to clearly see wallet addresses and other details. In addition, all transaction data is displayed on the screen, so user can check and approve all transactions.
- Launch year: 2018;
- Wallet type: hardware;
- Supported cryptocurrencies except BTC: 1+ thousand currencies;
- Unique feature: The world’s first hardware wallet to implement the Shamir Backup (SLIP39) security protocol, which counteracts the risk of theft or destruction of the seed phrase.
Best Wallet For Experienced Users: Electrum
Address: https://electrum.org/
One of the oldest crypto wallets, launched back in 2011. It is characterized by high speed, as it uses servers that index the bitcoin blockchain. This is a monocurrency wallet – works only with Bitcoin. Allows you to manually set transaction fees.
- Launch year: 2011;
- Wallet type: desktop, mobile (Android only);
- Supported cryptocurrencies except BTC: no;
- Unique feature: open source, compatible with hardware wallets.
Other BTC Wallets
Mycelium
Address: https://wallet.mycelium.com/
One of the oldest crypto wallets, lauched in 2012. Currently available as a mobile app for Android devices. Allows you to store Bitcoin and other cryptocurrencies, as well as NFTs. The user can complicate the seed phrase with additional words to increase the security and also set a PIN code to access account. The Near Field Communication (NFC) feature allows you to use your wallet for contactless payments such as Apple Pay or Google Pay.
- Launch year: 2012;
- Wallet Type: Mobile (Android only);
- Supported cryptocurrencies except BTC: Ethereum and ERC-20 tokens (Tether USD, USD Coin and Binance USD);
- Unique feature: commission settings, integration with hardware wallets (Trezor, Ledger, KeepKey, etc.).
Ledger Nano S Plus
Address: https://shop.ledger.com/pages/ledger-nano-s-plus
The Ledger Nano S Plus is hardware wallet that stores private keys offline, making it more resistant to online threats. To make a transaction, it connects to an Android device or PC using a USB-C cable. It is an improved version of the Ledger Nano S model, which received a larger screen and more memory (up to 100 applications can be installed simultaneously). Other advantages over the old version is the support of more types of coins and NFTs.
- Launch year: 2022;
- Wallet type: hardware;
- Supported cryptocurrencies except BTC: 5.5+ thousand currencies;
- Unique Feature: Using a CC EAL5+ certified chip (ones used in credit cards and biometric passports).
Blockchain.com
Address: https://www.blockchain.com/
One of the first and famous crypto wallets. At launch, it worked only with Bitcoin, and now it supports dozens of cryptocurrencies, including Ethereum, Tether, etc. In addition to storage, it allows you to instantly buy digital currencies with a card or by linking a bank account to a wallet. You can also trade 90+ pairs using the built-in exchange.
- Launch year: 2011;
- Wallet type: desktop, mobile;
- Supported cryptocurrencies except BTC: 70+ currencies;
- Unique feature: passive income program (reward up to 10% for storing cryptocurrency at user’s account).
Atomic Wallet
Address: https://atomicwallet.io/
User-friendly and secure service for storage, purchase and exchange of cryptocurrencies. You can buy assets with the card and trade them directly in your wallet. Crypto assets are exchanged using atomic swaps technology (instant transactions without the participation of intermediaries). In addition, you can earn on staking (rate 5-20% per annum).
- Launch year: 2017;
- Wallet type: desktop, mobile;
- Supported cryptocurrencies except BTC: 300+ currencies;
- Unique feature: fast exchange of 60+ cryptocurrencies with cashback.
Crypto.com
Address: https://crypto.com/eea/defi-wallet
As part of its expansion, Crypto.com has introduced a DeFi wallet that easily integrates with the trading platform. Users have access to decentralized storage of Bitcoin and more than 1000 other digital currencies, NFT, as well as integration with DeFi services.
When sending cryptocurrency, you can manually set the network fee. Private keys are encrypted locally on the user’s device and are protected by biometric and 2FA authentication.
- Launch year: 2016;
- Wallet type: desktop, mobile;
- Supported cryptocurrencies except BTC: 1000+ currencies;
- Unique feature: NFT support, integration with Web3 and DeFi applications.
What Is A Cryptocurrency Wallet?
The crypto wallet does not store the assets themselves, but records of transactions that occur on the blockchain.
How Does A Bitcoin Wallet Work?
The difference between a crypto wallet and a regular wallet is that it does not store the cryptocurrency itself. Bitcoins are stored on a blockchain which is a global decentralized database.
A crypto wallet stores a unique bitcoin address where the cryptocurrency can be found on the blockchain, and a private key to unlock this address.
Types Of Bitcoin Wallets
According to the method of storage, bitcoin wallets are divided into two categories: “hot” and “cold”.
Hot Wallets
This is a wallet with a permanent connection to the network. It provides instant access to the funds: to make it one requires a device (computer, tablet, phone) and the Internet. Thus, if you need constant and easy access to bitcoins, then choose a “hot” wallet.
However, this flexibility comes with an increased risk of being hacked due to a permanent internet connection. Therefore, storing large amounts in “hot” wallets is not recommended.
Cold Wallet
This is a crypto wallet that looks like a physical device, usually in a shape of flash drive. It connects to the Internet only to complete a transaction, which makes this type of wallets more secure than “hot ones” because it cannot be hacked.
A cold wallet is better to use to store bitcoins for a long time or to store large amounts of coins.
FAQ
For many users, a combination of both types of wallets is the most suitable option. For example, a BTC user uses a part of money for trading on the exchange and for this purpose uses a hot Trust Wallet. The main part of the funds is securely stored on the Ledger Nano S Plus hardware wallet.
When choosing a crypto storage, one should pay attention to the following parameters: private key storage method (custodial / non-custodial wallets), compatibility with hardware wallets, usability, additional features (purchase with a card, exchange function) and so on.
Hardware wallets cost money to buy them. But such devices provide the maximum level of security cause they work offline and connect to the network only to make a transaction. Thus, they are less vulnerable to online attacks.
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