Best wallets to store your Bitcoins

For, who knows the Bitcoins and invest in crypto assets, it is ideal that you have your own wallet to store your Bitcoins. But what is it for? And which are the best? The fact is, it is not recommended to leave your altcoins or Bitcoin on your exchange. Protecting your earnings is very important, just like people do with physical money.

Best wallets to store your Bitcoins
Best wallets to store your Bitcoins
Best wallets to store your Bitcoins...
Best wallets to store your Bitcoins - Pousada Nerd

The ideal is to choose between the wallets to Bitcoin available on the market and protect your crypto assets. But why do you need a wallet? Simple: If the exchange, i.e. the broker of your choice, has any negative event, for example bankruptcy, your earnings will be lost and you are at a loss.

Therefore, in this article we are going to introduce you to some alternative wallets, also known as wallets, to store your Bitcoins safely. But before that, it is ideal to understand what is a wallet and how they work, in addition, what would be the types of wallets that currently exist.

What is a Bitcoin wallet?

What is a Bitcoin wallet?
What is a Bitcoin wallet?

If you already understand what Bitcoin is all about, it is ideal to understand what a Bitcoin wallet is and altcoins . The wallet offers a lot of security, as it stores cryptocurrencies. That said, don't underestimate the importance of security when buying, selling and storing your cryptocurrencies!

To understand in a simple way the Bitcoin wallet is a digital wallet that stores your Bitcoin accounts. That is, an account in the system is called a public address, being a simple alphanumeric string. To further simplify your understanding, we can say that this process is very similar to PIX. So when you receive or send Bitcoins to someone, you use that number.

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One important thing to note is that you should never handwrite your address. This is due to the fact that, if there is an error, the amount you have chosen will be sent to someone else. Therefore, copy and paste your alphanumeric string if you need to use your wallet with someone else.

What types of wallets to store your Bitcoins?

What types of wallets to store your Bitcoins?
What types of wallets to store your Bitcoins?

Wallets for storing cryptocurrencies can be divided into two types: online and offline. They are also known as hot or cold wallets. Understand a little about the concept of both below.

Wallet online or hot

In summary, online wallets, also known as hot wallets, are those that work via internet connection. They can be divided into: web, mobile and desktop wallets. The advantage of hot wallets is that currency transfers can be carried out quickly. Due to the ease of transfers, online wallets are mostly used by people who carry out a lot of transactions. The downside is that they are vulnerable to hacker attacks.

Offline or cold wallet

As you can already imagine, the wallet considered cold is an offline wallet that does not depend on a Wi-Fi connection to work. it works through hardware or paper. On the other hand, this portfolio does not have the same agility as the hot portfolio, but it is safer and is ideal for those who want to invest in the long term and be safer. However, if you are a trader it is ideal to always have the fastest transaction at hand, so hot trading is ideal for traders.

See the best wallets to store your Bitcoins

See the best wallets to store your Bitcoins
See the best wallets to store your Bitcoins

Knowing about the two types of wallets you can get these days, we can talk about some of the best current alternatives. These two categories fall into five types of wallets: web, mobile, desktop, hardware, and paper. We will present options in each of these categories, so you can be a long-term trader or investor and have an option in hand.

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the stormga

StormGain is a free multi-currency wallet. In this way, it is an option to store not only Bitcoins, but also other types of digital currencies, known as altcoins. However, it is worth noting that it only supports the 6 most popular cryptocurrencies. StormGain can be accessed from desktop as well as any mobile device.

Coinbase

Coinbase is one of the most popular options in the world, especially in the US. Furthermore, Coinbase exchange is one of the most popular and users consider Coinbase as the best wallet to store your Bitcoins in the world. A great advantage of this platform is the offer of basic or advanced accounts, so the user chooses what is best for himself.

Blockchain

This wallet has the same name as the on-chain block system, the blockchain, which stores all Bitcoin transactions. This wallet is very intuitive and easy to use, being one of the most popular at the moment. It is also very secure and stands out for its many features.

Electrum

This is a of the biggest and best desktop wallets currently. Electrum is available for Windows, Mac and Linux systems and is very secure. However, its use is not very user-friendly and it is not very easy, so it is possible that new users may have difficulty starting to use the wallet.

Exodus

Launched in 2016, Exodus is one of the most popular desktop cryptocurrency walletss. It supports different currencies and offers an integrated cryptocurrency trading function. This integrated trading function derives from the ShapeShift exchange, a respected platform in the market.

Freewallet

Another example of a web wallet is Freewallet. Unlike other wallets we have mentioned, Freewallet has not only support for Bitcoin but also 30 other cryptocurrencies. Therefore, it is an extremely versatile wallet. In addition, it has a user-friendly platform that is easy to use, and can be used on any mobile device.

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Resources can be transferred between accounts for free and security is with PIN code and 2FA. In addition to these advantages, this wallet also has a exchange function. That is, you can buy cryptocurrencies inside it. It is available for Android and IOS. So, were you curious? If you liked the content, check out more posts on our blog and comment below what you think about these wallets to store your Bitcoin!

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Camille Paoleschi
Camille Paoleschi

My name is Camille, I'm 19 years old and I've been writing since my childhood. I work as a content writer and am passionate about anime of various genres, cartoons and video games. I have a huge interest in idols, Vtubers and their seiyuus.

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