The Best Bitcoin Wallets of 2022 that you can Choose
Updated on April 14, 2022 | by Alex Smith
In the last few months, bitcoin has received acceptance worldwide. The popularity of bitcoin is growing with each passing day. Unlike an investment in stocks, you can easily withdraw bitcoin or any cryptocurrency from an exchange. You can also store them in a wallet. But, unlike the wallet that you are carrying every day, bitcoin wallets are pretty different. If you are planning to choose a good bitcoin wallet, we have come up with great options.
The best bitcoin wallet is one that can keep your bitcoin safe. For people who are on the hunt for a bitcoin wallet for bitcoing payment, this article can be highly beneficial. We have many wallets to choose from. The list on this page includes cheap wallets in terms of cost, good user experience, and support for other cryptocurrencies.
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Exodus is a crypto wallet that supports desktop as well as mobile platforms. The best feature of the platform is its user-friendly interface. Another essential feature is that exodus can easily swap between different cryptocurrencies. Although it is known as a bitcoin wallet, it can also hold other types of cryptocurrencies. As a result, you can easily swap between more than 150 cryptocurrencies.
Since the wallet has a simple user interface, it is an outstanding choice for learners. Every little feature that beginners need is available in this bitcoin wallet. No doubt, the bitcoin wallet is excellent for beginners, but many new users may find that the wallet lacks certain features. Thus, choosing the Exodus bitcoin wallet can be a good option if you are a beginner investor. Exodus also comes up with a customs fee. Thus, you can easily set a fee to be sure that the transaction is completed quickly.
If you want to get access to a bitcoin wallet that has passed the test of time, Electrum can be a good choice. The wallet has been around since 2011. The wallet has not changed a lot since 2011. Because of the complexity in options, the Electrum wallet is also best-suited to advanced users.
Electrum is also an open-source wallet. Thus, users can easily set custom transaction fees. As a user, you can also set the security level you need. For example, in the case of a standard bitcoin wallet, you can go for the 2-factor authentication feature. For a better level of security, you can also try to increase the length of seed phrases by using custom words.
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For people who want to get a bitcoin wallet that can work mobile-only, Mycelium is an excellent option. At present, Mycelium supports Bitcoin, Etherium, and ERC-20 tokens. If you pay attention, Mycelium is similar to the Electrum wallet.
Just like Electrum, Mycelium came into existence a long time ago. By using Mycelium, you can also set up a custom transaction fee. Thus, you will know whether you will be able to wait till the transaction gets completed. Mycelium also supports hardware wallets. Thus, you can also hold bitcoin as an offline storage device.
Ledger Nano X
The Ledger Nano X is the second-generation bitcoin wallet. The wallet is offered by a French company named Ledger. Ledger came up with its first product, the Ledger Nano S. The wallet buzzed in the crypto world for many years.
Ledger Nano X looks like a USB drive. It can also get connected to your device through Bluetooth. Thus, you can connect the wallet without needing a computer. The most notable feature of this bitcoin wallet is that it supports more than 1800 cryptocurrencies. The list keeps on growing each year. The wallet that you will be using is a cold storage wallet. But, the company has also created software that can help you. Thus, you can also add new wallets for other types of cryptocurrencies. Hardware wallets by Ledger are gaining prominence in the market.
So, that’s all about Bitcoin and some of the best wallets that you can choose. Most of these wallets are well-suited to beginners and pro-users alike.
Next, Read: What is a Desktop Wallet & How Does it Work?