Choosing the best bitcoin wallet comes down to how you plan to use your bitcoins.
✔ Did you know that bitcoin wallets come in many forms, such as hardware, paper, software and smartphone apps?
Usage: For those who want to keep a small amount of bitcoins handy for usage at local businesses and face-to-face meetings.
Android users have a large choice of bitcoin wallet apps from the Google Play store.
iOS (iPhone, iPad, etc) users can search the App Store from their device for “bitcoin wallet”. To name a few: CoinJar, Hive Wallet, Breadwallet, Blockchain, Circle.
★★★★★More stars combined with more reviewers is a great indication of the apps quality and usefulness.
Usage: For those who have adequate computer skills and want to keep a small amount of bitcoins online.
A good place to start for those in America is Coinbase where you can buy, sell and hold bitcoin.
!! Never leave large amounts of bitcoin in web wallets, and don’t use these services for longterm storage
Usage: For those with adequate computer skills who want to hold bitcoin for short to medium term.
Bitcoin Core wallet is the original bitcoin wallet. It is the “pure” implementation of Bitcoin that downloads the entire blockchain (this can take a very long time).
Hardware wallets make holding and using bitcoin extremely simple and safe.
First to market is the Trezor hardware wallet.
The second hardware wallet to market is the Ledger USB device.
Usage: For more advanced users willing to go the extra mile in securing their bitcoins on a physical piece of paper. The paper wallets contain all information needed to spend bitcoins in the form of a QR code and a sequences of letters and numbers. Paper wallets must be kept physically secure.
To learn more about paper wallets, read this tutorial.
✔ Did you know that all you need to access bitcoins is your brain? We’re not joking. But this isn’t for the faint of heart (or those with bad memories). Bitcoin wallets (or specifically – addresses and keys) can be generated using 12 random words. The software behind bitcoin uses these words (sort of like a password) to create an address that bitcoins can be sent to. So, all you need in order to access those bitcoins are your 12 random words. They’ll need to be in the right order and don’t leave any out! Otherwise, no bitcoins for you. Coinbase offer a commission for referals we send to them.