There was a time when no one knew what Bitcoin was but ever since the rise of the Bitcoin Era, the world has somewhat changed.
Don’t get us wrong. Up to this time, there are still some people who can’t get a handle of Bitcoin. However, one cannot deny that certain aspects of the world circumvent around Bitcoin now.
For one thing, these rise of Bitcoin has made way for some investors to shift their interest from stocks to cryptocurrencies. There are also a few countries that has sought the help of Bitcoin to cope with how the value of their monetary currency has diminished.
Corporations have also found Bitcoin useful since it lets them provide seamless transactions to their customers.
Due to how Bitcoin has grown over the years, it is safe to say that the sky is the only limit. However, before you can test the potential of Bitcoin, you need a safe place where you can store it. In that case, we decided to list down four of the best Bitcoin wallets you can use this coming new year.
- Coinbase
If you are fond of following Bitcoin news and happenings, you might have already heard of Coinbase many times.
What makes Coinbase so popular is the fact that apart from being a safe Bitcoin wallet, it is also a platform where you can buy and sell cryptocurrencies. That’s right. You can actually trade various cryptocurrencies. Coinbase is not just limited to Bitcoin.
You can also link your Coinbase account to your US bank. That way, you can easily convert your cryptocurrencies into dollars and have them deposited to your bank.
- Trezor
If what you are looking for is a place where you can buy and sell Bitcoin that comes along with a capacity to store cryptocurrency, Trezor can’t help you.
This Bitcoin wallet is most suited for people who sought high-profile security.
As you may have noticed, we placed Coinbase on top of this list because it is agreeably one of the best online Bitcoin wallets one can ask for.
On the other hand, Trezor is not really an online wallet. As a matter of fact, this is something what many people call a hard wallet.
Its main purpose is to keep your cryptocurrency safe from hackers. Since a hard wallet is not found online then hackers have little to no access to your little device.
This wallet isn’t advisable for people who only plans to invest little amount of money on Bitcoin because this device is quite expensive. It is mostly used by huge corporations and millionaires who wants to keep their assets safe.
- Coins.ph
Coins.ph is a platform mostly used by people situated in the Philippines but no matter where you may be in the planet, you can still use it.
If you frequently transact with Filipinos, Coins.ph can prove to be quite handy because you can convert your cryptocurrency to Philippine pesos. You can also opt to convert them to Ethereum and Ripple coins.
Some people also use it as a starter pack for Bitcoin investing. Most of the time, when you use other cryptocurrency investment platforms, you would need to have some initial knowledge about investments already. However, if you have not gone that far yet in your Bitcoin journey, you would be quite safe using Coins.ph.
- Bitcoin Wallet: Wallet Generator
This is another offline way to store your Bitcoin. One downside would be that you would not be able to convert your Bitcoin to any other asset after you stored them here.
What actually happens here is that the website helps you generate a paper wallet. In this case, you can print out the details along with the QR code. After that, you can hide the paper in a safe place.
No one will be able to take advantage of your Bitcoin because it is in a place where hackers won’t be able to get a hold of it.
This is not a convenient wallet for investors. However, if your only purpose for using Bitcoin is to be able to safely shop online, this is probably the best Bitcoin wallet to use.
Bottomline
These days, knowing how to use Bitcoin can come quite in handy. However, you also need to be careful in choosing the wallet where you’ll store your money. How cautious you are in determining your wallet can make or break your finances.
