When it comes to Bitcoin wallets is safe to say that you apply the same rule when it comes to choosing a tool, there is one for everyone. The purpose of this article is to show the different types of existing Bitcoin wallets and to help you choose the best one for you. It doesn´t matter if you prefer a software wallet over a hardware one here, what matters is to find the best one for you.
Bitcoin wallets can be separated into 5 types: desktop, mobile, online, hardware and paper wallets. You can overlap or combine them but every single one has their own specific characteristics and benefits over the others, I will feature the best examples to help you decide.
- Desktop wallet
Armory: they call themselves “The only open-source wallet with cold storage and multi-signature”. This desktop wallet is one of the most popular options for the cryptocurrency users. The private key is stored on an offline computer, so can only be accessed if you know the physical location of the computer (which is a secret).
- Mobile wallets
Mycelium: talking about mobile wallets, Mycelium is one of the safest and most recommended options to secure your bitcoins. Boasting ‘bank grade security’, it boasts Hierarchical Deterministic wallets, private key deletion and ‘watch only’ accounts.
- Online wallets
Blockchain.info: online wallets users have their favorite and that Blockchain.info. It is used to performs and check Bitcoin transactions. This wallet is well known for been easy to use, multi-country support, and its cross-platform .capability. Also, it is not only available on the web; it is available on desktop and mobile app.
- Hardware wallet
KeepKey: an unknown depleting transaction is one of the biggest fears of Bitcoin users, what happens if for any reason someone gets access to your account? KeepKey helps to alleviate this fear. In order to make any outgoing transaction, the user most approves every move manually. The private key is kept in the device over protected with a PIN-code just in case the device is lost or falls into the wrong hands.
- Paper wallet
BitcoinPaperWallet: using this service, users can print tamper-resistant paper wallets in order to keep the private keys offline (which is much safer when it comes to hackers and malware). Adding additional security tips and extra precaution like safe storages for the keys hold more than one copy in different places and to add extra layers of security for their transactions had made this website is a favorite amongBitcoin cold storage advocates.
So here there are, the most popular candidates of every types of Bitcoin paper wallet, of course there many others and most of them including the ones shown in this article are multi-platform and accept not only bitcoins but altcoins. With time and updates they will also provide more features and options and there is also de benefit of use and combine more than one type of wallet. Remember is it up to you to try an choose the best Bitcoin wallet.