We have written before about cryptocurrencies, cryptoeconomics, Bitcoin, and other types of currencies that are currently gaining currency in the international digital market. And it really has become quite a sensation to know that a cryptocurrency can be worth even more than a euro, an American dollar or a British pound. However, when we take into account that cryptocurrencies are not regulated by any bank, institution or organization, we also begin to think about what and where are the best places to keep your cryptocurrencies and keep them safe. Therefore, we bring you this review of five of the best electronic wallets to save Bitcoins and other cryptocurrencies. Learn and know more about the money of the future!
Many people fear for their investment, especially now that those who bought bitcoins 8 years ago have become possessors of assets that reach up to $ 14,000. For this reason, programmers and people specialized in cryptoeconomics have developed different types of electronic wallets where you can store your bitcoins and worry only about how you will use them later. Basically, these wallets are like bank accounts where you can deposit your money and save it for as long as you need. Some of these wallets are free and others charge a percentage of interest for your money. However, it does not hurt to strongly recommend that you trust an electronic wallet to store your bitcoins or any other type of cryptocurrency.
Here we present some of the most attractive electronic wallets so you can keep and save each and every one of your bitcoins or other types of cryptocurrencies. We recommend that if you open your account to have an online wallet, you can be sure that you are in safe mode and with an uninterrupted connection. Take a look at these electronic wallets and enjoy the money of tomorrow, today.
Bitcoin Core is a free, open source, community-driven project released under the MIT license. As a new user, you can start with Bitcoin without understanding the technical details. Once you have a wallet installed on your computer or mobile device, your first Bitcoin address will be generated and you can create more when you need it. You can give your address to your friends to get paid or vice versa. In fact, it is similar to how email works, except that Bitcoin addresses should only be used once.
Bitcoin purses have a secret fragment called a private key, used to sign transactions, providing mathematical proof that the transaction is made by the purse owner. The signature also prevents the transaction from being altered by someone once it has been issued. All transactions are disseminated among users and usually begin to be confirmed by the network in the next 10 minutes through a process called mining. By far, Bitcoin Core is one of the best electronic wallets to save bitcoins.
Now, Coinbase is the most popular place in the world to buy and sell bitcoins, ethereums and litecoins. Link a bank account, credit or debit card to convert digital currency to and from your local currency. Buy some bitcoin, ethereum and litecoin and start using the money of the future. The digital currency stored in Coinbase is covered by an insurance policy. In addition, the vast majority of digital assets are stored in secure offline storage. This wallet is available for Android, iPhone and computers.
On the other hand, for all those users with Android devices looking for a more advanced application with support for Tor, Mycelium is their great ally. We are talking about a fast open source wallet for Android with features such as offline storage (cold wallet) that allows you to add a higher level of security to your bitcoins that remain offline. We have already commented that Mycelium focuses one of its main features on user safety that is why the first step that you will ask is to write down a series of 12 words that will be your backup in case you want to back your wallet in another device.
If you are a user of iOs, unlike other bitcoin portfolios for Apple devices, Breadwallet is an independent client and without servers that can be compromised, so you will always have access to your money. It is built and designed on the basis of iOS security to protect you from malware, browser security issues and even thefts.
Finally, if you are looking for a wallet that works on different types of devices and on various operating systems, we cannot stop recommending Copay. Copay was originally developed to secure the funds of the Bitpay platform users. Over time, it has become a multiplatform bitcoin multi-platform wallet (functional also in iOS, Android, Linux, Mac, Windows and Chrome). It is a safe and open source wallet developed by BitPay but that relies on a centralized service for the validation of transactions in utilities such as its “Secure Payment Verification” following the Bitcoin Payment Protocol (BIP 0070-0073).
Now that you know more about some electronic Bitcoin wallets, you can make a decision that fits your lifestyle and complements all the new needs that cryptocurrencies can provide. Learn more about cryptoeconomics and Bitcoin on our website and stay tuned for the freshest news.