10 Best Secure Bitcoin Wallets All Cryptocurrency Investors Should Buy And Use
Security is becoming more important in the crypto space, especially when it comes to the latest wave of hacking and other security issues. Those who use a crypto wallet should ensure that they are using the best one possible, one that can keep their funds safe.
10 Best Secure Bitcoin Wallets
Here are the top ten options in terms of security so that users can make the right decisions.
Edge is a crypto wallet founded in 2014 by Airbitz. Rebranded as Edge thereafter, the wallet is designed to support more than 12 digital currencies and it is compatible with iOS and Android systems. Further, and perhaps best of all, the wallet is very easy to use and it has an inbuilt function due to the wallet’s adoption of Shapeshift. As for security elements, the wallet is considered to be the most secure and it has never been the subject of a hack.
With this wallet, users have better control over their private keys and it has zero-knowledge encryption. The wallet also uses Hierarchical Deterministic (HD) addresses, which allows users to have more than one address. And users can use old seed phrases to restore funds to their wallet.
Ledger Nano S
Ledger Nano S is a cold storage hardware wallet that focuses on security and usability. It’s security features are apparently incomparable to other wallets and it supports over 39 cryptocurrencies and ERC20 tokens. The wallet’s security elements allows for offline storage of private keys. The wallet also safeguards against malicious actors and their ability to access seed phrases when the device is connected to the internet.
Trezor is a popular hardware wallet that is one of the oldest on the market. The wallet supports twelve digital currencies and ERC20 tokens. The wallet has also never been hacked. The wallet’s security features include a Zero Trust Approach. This approach prevents applications, clients, or other third parties from accessing private keys stored on the hardware wallet. The wallet also includes HD addresses and PIN protected transactions.
Keep Key is a hardware wallet that has gained respect due to its security features. It supports over 45 digital currencies, it stores private keys in the device, and owners have full control over the funds. The wallet also gives users a PIN code and recovery sentences. Users can also choose when they access passphrases for transactions to improve security.
CoolWallet S is a new one on the market that features a sleek design. The wallet adheres to strict security protocols. The wallet is able to support 5 cryptocurrencies , user keys are stored in the wallet, and it works with mobile applications. The wallet has never been compromised either.
Bitcoin Armory has gained a reputation of being an extremely secure wallet. The wallet only supports bitcoin and it has never been hacked. The wallet also has HD addresses, multi-signature facilities, and users have full control over private keys. The wallet also supports password protected transactions, which leads to better security. In addition, the wallet’s Glacier Protocol is considered one of the best in terms of cold storage applications. Just a note – the security here is complex, which makes it challenging for beginners.
Electrum is a bitcoin desktop wallet that is quite popular due to its compatibility with the Trezor and Ledger Nano S wallets. The wallet includes in-wallet encryption, two-factor authentication, and it has multi-signature capabilities. Private keys are stored on the wallet for enhanced security. Hackers also find it difficult to gain access to the wallet due to the inability to download scripts.
Exodus is a cryptocurrency wallet that supports 85 cryptocurrencies. The wallet also allows storage of private keys on a device so that users have control at all times. The wallet also operates on HD protocol, thus separating funds in different addresses for more security. Users can also transact directly from the wallet, thus eliminating the need for less secure options.
Coinomi is a multi-asset mobile wallet that supports Android and iOS. Over 500 cryptocurrencies can be stored on the wallet. The wallet stores the private keys so users are in control. The IP addresses are also designed to be anonymous, thus reducing the chances of malicious actors assessing user actions and taking advantage of the vulnerabilities.
Finally, CoPay is a mobile bitcoin and desktop supporting multi-sig and HD addresses. The wallet is popular due to its easy-to-use interface and high-grade security protocols.