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Top 5 Best Bitcoin Wallets for 2019

3 min read

Bitcoin has undoubtedly revolutionized the world of currencies and cryptocurrencies. Since the value of Bitcoin has skyrocketed in recent years, an increasing number of people are interested in investing in it. Supporters of online cryptocurrency investments argue that they are easier to handle and transact and also safer and better than traditional fiat currencies. Using the best anonymous Bitcoin wallet you can ensure a high level of privacy as well.

However, before making investments in Bitcoin you should understand the risks involved. The value of Bitcoin may double or triple in the next couple of years, but similarly, it may fall to nearly zero as well. It is suggested that you invest as much as you can afford to lose if you do not like to take huge risks.

If you’ve understood the risks and wish to invest in Bitcoins, here are the best 5 bitcoin wallets for 2019:

1. Coinbase

Coinbase is one of the most popular Bitcoin wallets among users in 2019. It allows you to easily buy, sell and hold Bitcoins and other cryptocurrencies. Connecting to a U.S bank account you can easily transfer dollars with which you can buy and sell Bitcoins on Coinbase. The highlight of this wallet is the ease of use it provides. Coinbase updates itself regularly to enhance security and improve user experience.

2. Trezor

At Trezor, you cannot buy or sell Bitcoins as you can in Coinbase. Trezor is a Bitcoin wallet, best for security, where you can simply store your Bitcoins. It is a physical device which you can plug into a computer, tablet or smartphone and access your Bitcoins. It also works with other cryptocurrencies besides Bitcoins. Its features include password manager, 2-factor authentication, etc. Although there are provisions for protection in case of losing passwords or losing the device, the recovery process isn’t easy. So take care that you don’t lose your Trezor password or lose the device.

3. Electrum

Electrum Bitcoin wallet is the best for desktops. It is a software wallet, where the Bitcoins are stored in files on your desktop or laptop. It supports Linux, Mac OS X, Windows, and Android. It is the best anonymous Bitcoin walletbesides a few others and gives you the added advantage of storing your Bitcoin in your computer. Electrum can also work with a few physical wallets.

4. Blockchain is one of the best online Bitcoin wallets. Blockchain technology is the backbone of all existing cryptocurrencies and this wallet is based on that. It is an online wallet like Coinbase. However, unlike Coinbase, on Blockchain you cannot directly buy or sell Bitcoins. This means that your Bitcoin storage is not in the same place as your Bitcoin market. This makes it a more secure but complex wallet.

5. Robinhood

Robinhood is the most preferred Bitcoin wallet for free buying and selling. It used to be only a free stock trading platform earlier, which has now grown bigger and supports cryptocurrencies like Bitcoin. Robinhood is similar to Coinbase, that is, it acts as a wallet as well as allows you to buy and sell Bitcoins, and the best part is, it is free. No commissions are involved for buying or selling Bitcoins on Robinhood.