Bitcoin, the world’s first cryptocurrency, was introduced by Satoshi Nakamoto in 2008. It has since become the most valuable and well-known digital currency. Today, thousands of cryptocurrencies exist on the market.
Bitcoin can be stored in a wallet or an exchange account. A wallet is a software application that allows you to store, send and receive bitcoins.
A Bitcoin wallet has one or more private keys which allow spending Bitcoins. Private keys are often stored securely in a so-called hardware wallet, a device similar to a USB stick enabling the storage of private keys offline.
If you are thinking about getting into Bitcoin and want to know how to choose a wallet, the following are the best bitcoin wallets in 2022.
Exodus
Exodus is a user-friendly multi-cryptocurrency wallet with an attractive design. It has a built-in exchange and Shapeshifts integration so that you can trade different cryptocurrencies within the interface.
Exodus is only available for desktops, but this is not a problem because it’s easy to use and offers an intuitive interface.
The main feature of Exodus is its ease of use. Like any other best crypto wallet, you can connect your wallet with a password, 12-word phrase, or fingerprint identification when setting up the wallet. Once done, you’re good to go!
In addition to simple and secure access through your computer or smartphone, Exodus offers two-factor authentication and a PIN that must be entered every time you want to send funds from your account. You can also create multiple Exodus profiles for different purposes or currencies using the same account. If one profile gets hacked, all your assets will be safe from theft because they are stored in another profile!
Electrum
Electrum is a popular Bitcoin wallet for desktop and mobile users. It is lightweight and doesn’t require you to download the entire blockchain, making it fast and easy to use.
Electrum has been around since 2011, so it’s not surprising that it’s one of the best-reviewed wallets in the industry. It also supports many cryptocurrencies, including Bitcoin, Litecoin, and Dash.
The Electrum wallet is available on all major platforms — Windows, Mac OS X and Linux, Android and iOS smartphones, and web browsers. In addition, the wallet allows you to choose between two different modes: Standard or Expert.
Standard mode is suitable for those who want a simplified experience. In contrast, Expert mode offers advanced options such as multi-signature addresses and cold storage options like hardware wallets or paper wallets like Trezor or Ledger Nano S.
Mycelium
Mycelium is the most popular and secure Bitcoin wallet on Android. It features advanced hardware and software encryption to protect you against hackers.
Mycelium is an HD wallet, which means your entire transaction history and balance can always be restored using a single mnemonic code if anything terrible happens to your device. This also means that you can create as many new addresses as you like and never run out of them.
Mycelium’s main screen displays all your recent transactions, showing in-depth information about each one. For example, you can see how much money was sent, where it was sent from and the fee charged for the transaction.
Mycelium is known for its privacy features. It supports multiple accounts with different names (AKA “sub-wallets”) so that each account can be tracked separately or used for specific purposes such as business expenses or personal purchases.
The Ledger Nano X
This is a popular hardware wallet, and it’s easy to see why. It’s fast, secure, and can store various coins.
The Ledger Nano X is a hardware wallet that supports many cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. This means that you can store all your coins in one place and keep them safe from hackers. It’s also compatible with popular software wallets like MyEtherWallet and GreenAddress.
One big selling point of this device is its speed. It connects to your computer via a USB port and allows you to send cryptocurrency transactions within seconds. This compares favorably with other hardware wallets, which usually take up to five minutes before confirming a transaction.
The Ledger Nano X supports all major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). In addition, it also supports over 100 altcoins, including Bitcoin Cash (BCH), Dogecoin (DOGE), and more.
Trezor Model T
The Trezor Model T is the latest and greatest hardware wallet from the Trezor family. It has a touch-sensitive display that makes it easier to use than its predecessors. It also comes with new features, like a larger screen and updated software.
Trezor Model T offers the same features as its predecessor, including support for over 700 coins, but it’s less expensive.
The Trezor Model T has a built-in display and can connect with smartphones and tablets via Bluetooth Low Energy (BLE). In addition, the device comes with an SD card slot for backup purposes and supports 32GB of cards.
One of the most significant differences between the Model T and its predecessor is that it supports more cryptocurrencies than ever before, including Bitcoin Cash (BCH), DASH, Litecoin (LTC), Dogecoin (DOGE), Ethereum Classic (ETC), and more than 700 other coins and tokens.
Conclusion
Hopefully, this article has helped you figure out which are the best Bitcoin wallets for you. While it’s likely that most readers will only have tried a few of these wallets, it’s worth checking each one out to see if it matches your needs. Finding the right wallet can be difficult, but hopefully, this article taught you something new.