- 1 7 The Best Bitcoin Wallet Provider
- 1.1 What to Look For When Choosing a Bitcoin Wallet
- 1.2 Security
- 1.3 Credibility and Transparency
- 1.4 Backup Features
- 1.5 Best Bitcoin Wallet Provider Example
7 The Best Bitcoin Wallet Provider
Bitcoin Wallet or Bitcoin Wallet is one of the important parts that a person must have in his or her activities of investing and trading Bitcoin. We can use the Wallet to send, receive, and store Bitcoin values.
Some of the most popular Wallet types today are:
Offline (Hardware Wallet): Wallet shaped hardware (hardware), can store details such as Address Wallet and Private Key. Examples: Nano S, Trezor, etc.
Online (Web Wallet): Wallet that users can access through the internet. Example: blockchain.info, Coinbase, etc.
Wallet Software (Desktop Wallet): Wallet is a downloadable app and can be installed on various devices like PC, Laptop, Smartphone, or Tablet.
What to Look For When Choosing a Bitcoin Wallet
Because we store BTC coins that have a price, of course, we must be very careful in choosing a provider of Wallet. This alert will keep the funds we keep always safe. Therefore, there are some things to watch out for before choosing a Bitcoin Wallet provider.
The first and most important point is the security factor. In this case, the most vulnerable Bitcoin Wallet type is Online Wallet. This is because the Private Key data can be stored on the service provider’s server. For vulnerabilities owned by the Wallet Hardware and Desktop Wallet is almost non-existent. Unless something goes wrong with Wallet owners, the security of 2 types of Bitcoin Wallet is still reliable.
Credibility and Transparency
The second point that should also be observed is the credibility and transparency of Bitcoin Wallet providers. Any information about the provider’s background (identity), how to operate, the nature of the Wallet code, and other details must be clearly known.
In addition, you can ensure the credibility of the service providers through various Bitcoin forums or blog reviews, websites, Youtube, etc. By listening to the experiences of other users, of course, we can find out whether the provider of Bitcoin Wallet is really credible or not.
No less important from the above two considerations, you should select a crypto Wallet that has a backup feature with good encryption, as well as ease of restoration from the client owner of Bitcoin Wallet. Nothing wrong we prepare for full security for Bitcoin storage, given the many cases of hacking, phishing, and hijacking that infect the crypto world.
Best Bitcoin Wallet Provider Example
From hundreds of Bitcoin Wallet providers that we can choose, here are 7 examples that can provide Bitcoin storage facilities easily, quickly, and safely.
1. Ledger Nano S (Hardware Wallet)
Ledger Nano S is one of the most popular Wallet Hardware on the market. This type of Bitcoin Wallet also supports cryptocurrency Litecoin, Ethereum, Ripple, Dash, Dogecoin, Neo, and Zcash.
All transactions with Ledger Nano S require manual input from a 4 digit PIN code. Thus, this Bitcoin Wallet can be the safest, both from malware attacks and other types of hacking.
In addition to application support from the first party Nano S, this device also supports various Wallet Software such as Copay and Electrum. That is, the Ledger Nano S Wallet allows the addition of a security layer for your transactions. All accounts on Ledger Nano S also have their own backups. Wallet restoration-can be done easily if at any time your device is lost.
Bitcoin Wallet Size is only about 60 mm and shaped like a Flashdisk. In Indonesia, the price of one Ledger Nano S device ranges from Rp1,750,000 to Rp2,250,000.
2. TREZOR (Wallet Hardware)
The next best Bitcoin Wallet provider is TREZOR, which also provides Wallet Hardware like Ledger Nano S.
Trezor supports Bitcoin, Litecoin, Ethereum, Dash, Dogecoin, Zcash, and some other Altcoins. Trezor currently also allows the addition of security and integration to third-party Wallet Software such as Electrum and Copay.
Transactions made with the TREZOR wallet require confirmation via the hardware button, and there is support for the 2-way security system as an extra layer of security. The TREZOR wallet is priced around Rp1,700,000 to Rp2,500,000 per unit.
3. Blockchain.info (Web Wallet)
Blockchain.info is a superior Online Wallet because of its easy access. The main advantages of Bitcoin Wallet providers is the flexibility and transparency in showing the details of the transaction. All details about your transactions can be seen clearly in Blockchain ledger.
In addition, there is also a Quick Send feature which is of course accompanied by additional costs, so our transaction will have a higher priority for confirmation. This Bitcoin wallet can restore Private Key and Private Address Offline, so the possibility of Wallet is hacked very small.
4. Coinbase (Web And Wallet Software)
Coinbase is a very popular marketplace service as Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. Although it can function as a stock, not a few people who are interested to use Coinbase as a source of cryptocurrency. In offering its services to a provider of Bitcoin Wallet, Coinbase emerged in two formats at once, namely Web and Software Wallet.
For Web-based Wallet, we can directly Generate Address Bitcoin Wallet from User Interface provided. As for the software-based devoted to iOS and Android devices. The software allows users to log into the Wallet Coinbase from a Mobile device.
Coinbase is often regarded as the best Bitcoin Wallet option for those who still lay in the crypto world. For credibility, Coinbase is no doubt, as there are now over 10 million active customers coming from 32 countries around the world.
5. Exodus (Software Wallet)
Exodus is a Software-based Wallet that runs on Windows and Mac computers.
With clean and easy-to-understand visual features and designs, Exodus can display transactions and all of its own cryptocurrency portfolio.
One of the best features of Exodus is the ShapeShift Built-in that allows users to instantly exchange one crypto to another crypto, so there is no need to use the services of an Exchanger in redeeming the value units of the coins.
6. Electrum (Software Wallet)
Wallet Electrum is one of the oldest Software-Based Bitcoin Wallets.
This software purse is limited to Bitcoin only, but for security issues and user comfort remains prioritized.
7. Jaxx (Software Wallet)
Jaxx was founded by one of Ethereum Co-Founder, Anthony Diiorio.
Currently, there are about 13 crypto coins that have been supported by this Wallet.
No email verification required, no onboarding and no username or password to start using Jaxx.
Because nature is Software, Private Address and Private Key will be stored in the user device.