We can't overlook the fact that cryptocurrency is growing tremendously and many people around the globe are getting involved in it. Especially, the Bitcoin.
Created in 2009, Bitcoin is one of the most popular cryptocurrencies that uses peer-to-peer technology to facilitate instant payments. As per CNBC, “Bitcoin has risen nearly 70 percent since the start of 2021, driving the entire crypto market to a combined $2 trillion in value.”
However, anyone who needs to store and trade Bitcoin or Altcoins must have access to a crypto wallet. As crypto wallets these days are loaded with features that enhance the process of trading cryptocurrency, almost all the industries have started accepting payments and transactions in Bitcoin. Also, there are wallet apps for crypto investors which makes owning Bitcoin or any other virtual currency easy for effective transactions at any place and time.
Today, we are going to talk about the top 10 bitcoin wallets that offer advanced security features like two-factor authentication and other interesting features you expect to have seamless bitcoin trading while initiating with the most significant benefits for which one should use a Bitcoin wallet.
Let’s begin!
The Advantages Of Using Bitcoin Wallet
- You can send and receive money to anyone in the world without using a bank.
- Bitcoins can’t be stolen. No one can steal bitcoins unless they have a physical access to a user's computer and send the bitcoins to their account.
- It is difficult to track transactions. Unless users publicize their wallet address publicly, no one can no one can trace transactions back to them.
- It is easy to transfer across borders.
- One can have multiple cryptocurrency wallets, so in case if one gets lost or hacked, you don’t lose all your money.
Top 10 Bitcoin Wallet Apps
With all such benefits to offer to the cryptocurrency enthusiasts, let us quickly go through the top 10 Bitcoin wallet apps that crypto investors may like to use:
ZenGo: Being one of the most popular bitcoin wallet apps, Zengo provides utmost freedom and control for crypto investors. There are no minimum, maximum, or extra fees for crypto investors to buy and earn bitcoin. It facilitates bulletproof security and customer support with the help of facial biometrics. In this way, it helps to control funds in digital wallets. This is the first-ever keyless bitcoin and cryptocurrency wallet app for crypto investors.
Coinsmart: This app helps in the easy buying of cryptocurrencies and bitcoin through bitcoin wallets. It helps with quick and convenient ways to pay for transactions and features in a secure way. This app enables crypto investors to access the funds on the same day as the deposit.
Coinmama: It is known as one of the leading cryptocurrency exchange platform to exchange bitcoins with credit cards, bank transfers, or debit cards. It offers its users multiple payment options and high spending limits along with fast-track verifications with instant delivery. This Bitcoin wallet app also provides a crypto calculator and Bitcoin calculator to ease the transaction in the cryptocurrency market.
Ledger Nano X: Ledger gives you full power over your crypto investment: a hardware wallet, combined with one single app which offers the best security along with the ease of use and ownership of your crypto assets. The wallet is a Bluetooth enabled secure device to manage cryptocurrencies and digital assets. It also helps to keep private keys offline while the ledger live app provides access to key services.
Mycelium: The mycelium Bitcoin wallet app is one of the oldest and most popular Bitcoin wallets. There is no cross-border control and fees- no payment limits as well as no maximum limits. It offers:
- Advanced cold storage
- Savings account
- Spending account
- 100% security
Coinbase: Undoubtedly Coinbase is one of the top Bitcoin wallet apps for crypto investors. It is focused on securely managing the rights to private keys of Bitcoin wallets. This app supports more than 4,000 tokens with the whole world of DApps. This wallet app can provide access to vaults and transaction details, a storage place for all cryptocurrencies and NFTs, Protection to digital assets, as well as acts as a self-custody wallet.
Binance Chain: At first, the Binance chain wallet looks similar to other extension-based wallets. However, it's quite different as it helps to transfer cryptocurrencies between the Binance.com account and the wallet app. If any of the investors doesn't have a bitcoin wallet, he/she can install an extension et for transactions.
Kraken: The Kraken app is suitable for beginners and aspiring crypto investors to deal with popular cryptocurrencies such as Bitcoin. With the help of the bitcoin wallet app, one can keep a tab on favorite projects and can also instantly invest in bitcoin while checking out the top gainers of the day. This app is also available in the pro version.
Exodus: Exodus is an easy-to-use multi-currency software wallet that is available for desktop and mobile. The wallet excels in its simple design and superb online support. It is suitable for both beginners and professional crypto investors for sending and exchanging bitcoin efficiently. This app can give more control over the wealth with the help of live charts, built in exchange, and cryptocurrency assets.
Electrum: This app is securing bitcoin payments since 2011 through its bitcoin wallet app. It’s is faster and enhances the bitcoin experience with two-factor Authentication verification. It provides multiple user interfaces and supports hardware wallets.
Conclusion
As per CBS news,’ The first week of 2022 hasn't been kind to bitcoin, as the cryptocurrency lost 11% of its value in mere days and finished this week at about $42,000 - down almost 40% from its all-time high last fall’.
However, we can’t overlook that in a sign of crypto’s growing importance, the investors need to keep themselves aware of current and upcoming trends pertinent to cryptocurrency. Also, it is extremely necessary for Bitcoin App developers to look for cybersecurity requirements and foster solutions like Blockchain technology.
Since blockchain has emerged as a technology that works a decentralized ledger, Crypto App Developers could foster it to secure the storage of Bitcoin and other cryptocurrencies.
As we expect to see even more crypto companies going public in 2022 than we saw in 2021, wallet apps adhering to the ongoing security trends in the market can help crypto investors take business-effective and profitable decisions.
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