The cryptocurrency wallet is a security for our cryptocurrencies, therefore it is important to take care of the correct choice in relation to the wallet. It is worth remembering that the choice will depend primarily on many factors such as the amount of our allocated funds, the degree of security or the possibility of the amount allocated for investments.
What is the best Bitcoin wallet?
Bitcoin in particular is characterized by the fact that its value is usually bought in larger quantities, as too little investment may not give us the expected return. What's more, choosing the right wallet will guarantee its proper storage, and therefore we will not have to worry about any loss of money due to possible theft.
Types of cryptocurrency wallets
- Desktop wallets
- Browser wallets (internet)
- Mobile wallets
- Hardware wallets
It should be shown that all the above-mentioned cryptocurrency wallets differ primarily in their degree of security.
BTC desktop wallet
In the case of desktop wallets, their formula is installed on a computer, where their access can only be through this device. This makes them insufficiently mobile, which makes them somewhat more secure. However, in this case you need to remember to properly protect your computer against viruses, because in the event of a possible hacking attack, we may lose all accumulated assets. Therefore, Bitcoin is perfect for a desktop wallet.
BTC browser and mobile wallet
However, when analyzing the issue of browser wallets, it should be noted at the outset that they are characterized by the lowest level of security due to the need for continuous access to the network and connection with the cloud. Despite the ease of access to them - anywhere, regardless of geographic location and time - it is not recommended for storing a large amount of Bitcoins. The same issues apply to mobile wallets.
BTC hardware wallet
When considering the issue of hardware wallets, it is important to pay attention to the fact that the private keys themselves are stored here on a separate device, often resembling an ordinary mp3 or USB flash drive. Although they are designed to perform online transactions, of course, their great advantage is offline operation, which, as indicated above, ensures privacy and security are kept away from hackers. It certainly has the greatest security for our Bitcoins, and thus guarantees that Bitcoin cryptocurrencies stored at any amount will be stored based on full protection. An example of a hardware wallet is e.g. the Ledger Nano S.