What Is the Best Online Bitcoin Wallet?
Your online Bitcoin wallet is essential for buying and selling cryptocurrencies. You need it to store your funds securely and protect your transaction information.
However, not every online Bitcoin wallet is the same. To help you choose the right one, we’ll give you a list of the best Bitcoin wallets of 2021.
The Best Online Bitcoin Wallets
The great thing about Bitcoin transactions is that you can choose from a variety of wallets. Here are some of the best options:
Exodus is a mobile and desktop online Bitcoin wallet with an intuitive interface and built-in exchange. One of its most popular features is swapping between several currencies. More specifically, you can send and receive more than 100 cryptocurrencies with Exodus.
Due to its simplicity, this platform is excellent for beginners. It offers reliable support to help you make your first steps in a potentially confusing market.
You can also set your custom fees to reduce your costs.
Bitamp is a web-based Bitcoin wallet that lets you easily buy and sell Bitcoin. It’s designed for beginners, featuring basic cryptocurrency services without advanced functions and tools. You can easily set up your accounts and start trading.
As the platform is web-based, you don’t need any hardware to start using Bitamp. All you need is a reliable internet connection, making the wallet accessible from nearly anywhere.
Coinbase is another terrific online Bitcoin wallet for novice traders. It’s easy to use and provides robust security backed by its well-known exchange.
The wallet can be connected to numerous major bank accounts. The interface comprises simple layouts, clearly visible functions, and it’s easy to navigate. It supports NFTs (non-fungible tokens), digital collectables, and more than 500 cryptocurrencies.
Furthermore, you can open your Coinbase Bitcoin wallet without holding an account with one of the prominent cryptocurrency exchange platforms. Plus, it’s non-custodial, meaning you can store your private key in your device rather than Coinbase servers.
There are several versions of the Trezor digital wallet, such as Trezor One. This online wallet supports more than 1,500 cryptocurrencies and multi-factor authentication. The upgraded version (Trezor Model T) lets you trade in even more coins and boasts an improved interface.
Besides online digital wallets, Trezor also lets you hold your cryptocurrencies offline. You can plug the hardware into your smartphone or computer and enjoy a secure connection.
Electrum is one of the oldest online wallets, founded just two years after the release of Bitcoin. It specializes in two-factor authentication and private key encryption. The platform verifies that all your transactions take place in Bitcoin’s blockchain, and the Multisig function enables you to spend your cryptocurrency using multiple wallets. Some of these include Trezor, Keepkey, and Ledger.
On top of that, Electrum provides several interfaces compatible with your desktop and computer. Moreover, it offers cold storage, allowing you to sign your transaction from your offline PC.
Opolo is a Luxembourg-based online Bitcoin wallet with encrypted hardware that delivers reliable transaction security certifications. There are many security measures, such as device check, anti-theft protection, USB encryption, virus-free usage, random keyboard access, and PCB encapsulation.
In addition to Bitcoin, the digital wallet supports more than 120 cryptocurrencies. There’s also a large number of tokens and the ability to use your assets offline.
Mycelium is an open-source, mobile-only online wallet. It supports Bitcoin, ERC-20, and ETH tokens. It’s similar to Electrum, but there are some notable differences. Primarily, Mycelium comes with a built-in exchange, and the interface is upgraded.
This online Bitcoin wallet lets you set your custom transaction fees. This feature enables you to determine how long you want to wait for your transactions to be executed.
There are many more interesting functions, including hardware support. It allows you to use your wallet on an offline device while accessing Mycelium’s interface to see your holdings. Plus, the watch-only mode lets you disable your outgoing transactions while monitoring your trades and stocks.
Choose Your Online Bitcoin Wallet and Start Trading
The number of Bitcoin wallets may be overwhelming, but the choice should be easier now. If you’re a beginner, Bitamp may be your best option. Featuring a minimal learning curve, it lets you launch your profile quickly and make seamless transactions. Consequently, this online Bitcoin wallet will make your journey in the cryptocurrency world much smoother.