If you are looking for what cryptocurrency wallet to use, let me help you out a little bit by giving you the list of the best cryptocurrency wallets of 2019. All of the wallets on the list are my personal choice so some might not fit you. However, before you can choose a wallet for yourself, you should know what a cryptocurrency wallet is and what kinds are out there. But, you don't have to worry about that, I will give you a short summary of that also. So, let's get into it!
What is a cryptocurrency wallet?
Before we go into what are the best cryptocurrency wallets of 2019; first you need to know what cryptocurrency wallets are.
So what are cryptocurrency wallets? They are a digital wallet that is used for sending, storing, and receiving cryptos. Basically, it is like a second bank account that you use for cryptos. Thus, if you want to use any of the cryptocurrencies, you need to have a cryptocurrency wallet. eaglesinvestors.com However, the wallet itself doesn’t store cryptocurrency. Actually, it stores a private key that shows ownership of a public key. Therefore, both of those keys are stored in your cryptocurrency wallet.
Since cryptocurrencies are growing in number almost every day; some wallets can store multiple cryptocurrencies. Also, there are different kinds of cryptocurrency wallets, which we are going to cover right now.
Different kinds of crypto wallets
This wallet is same as your average wallet. However, it has a digital device which it uses to operate your account. The hardware wallets have a better-looking design than its counterparts. The security of a hardware wallet is secure, you can carry it easily, you have a screen to see your transactions, and if you are looking to store your cryptos for an extended period then this wallet is for you.
However, the hardware wallet is quite expansive if you compare it to other wallets in the market. Therefore, some people are avoiding to buy this wallet.
The online wallet is probably the most commonly used wallet in the market. A lot of people are using this wallet thanks to it being cheap, easy to use, and you can access it from anywhere in the world. The only thing you need to have to access this wallet is the Internet. The online wallet can be accessed through computers, laptops, and mobile devices. With an online wallet, you can manage multiple cryptocurrencies at the same time, and you can use VPN to ensure your privacy.
Mobile wallets are basically the same as online wallets; except it can only work on mobile devices. So, if you are interested in this kind of wallet, you just have to hop on to the Google Play store or an Apple store and download the wallet application. Thanks to people liking mobile phones more than computers, the mobile wallet is gaining in popularity. The benefits you get from an online wallet are the same as you get from a mobile wallet. However, for a mobile wallet there is a QR code scanning option, and of course, mobile phones are much easier to carry around than computers.
The desktop wallet is basically the same things like a file that you have on your computer. Most of these kinds of wallets are free. It is liked by many because there is a minimum risk that it can get hacked. Why is it hard to hack, you ask? Well, you cannot hack something that doesn't use internet connection, right? And, the desktop wallet doesn't use internet connection where the private keys have not been saved on a third-party site.
As you can probably guess, a paper wallet is a way you can store your private keys on a piece of paper. As a result, this makes one of the most secure ways to store cryptocurrency. There are basically no risks when it comes to being hacked, you don't need a digital device to store your cryptos, and your private keys are not stored on third-party servers.
Now the moment you have been waiting for, now you will find out what are my choices for the best cryptocurrency wallets of 2019.
Nano Ledger S
For the first to make my list of the best cryptocurrency wallets of 2019 is Nano Ledger S. This wallet is a well-known hardware wallet in the crypto world. You can buy this wallet on Amazon for $52, which adds to its popularity.
The Nano Ledger S is probably the smallest hardware wallet you can get. The size of the wallet is compared to USB because of its size and looks. So, it is portable and easy to carry around unlike some other wallets. Thanks to its small size Nano Ledger S makes it more secure against attacks from hackers. Also, if you lose it; you can always get the backup and block the one you lost so it cannot be used. And despite its small size, there are still buttons to operate which are very easy and comfortable.
Nano Ledger S supports different cryptocurrencies, so there are no worries there. However, to use this device, you don't have to plug it into a computer. The wallet has a small LCD screen in front that allows you to operate the wallet easily. With it, you can do transactions, exchange your cryptos, transfer money from one account to another.
When you purchase your Nano Ledger S; it will come with a box in which you will find a Nano S device, instructions, recovery sheet, USB cable, etc.
On the list of the best cryptocurrency wallets of 2019, I must include Exodus. It is such a famous software wallet that it must be on the list.
Exodus is offering an advance online web-based cryptocurrency wallet to the users that looks amazing! Looking at their wallet, it has graphics features, reporting system, while looking beautiful and it is easy to use. Their presentation style is really unique when it is compared to other wallets. However, the design is not the only thing that you should look for and ignore everything else. Exodus, of course, has all the advanced features which you would expect to have in any progressive web-based online wallet.
What Exodus can do for you is; what you can receive funds, view your crypto holdings, and exchange one coin for another. Whit Exodus you can store multiple digital currencies and other digital assets in your Exodus wallet without any extra subscription fees.
As all software wallets, you have to download and install Exodus on your device. However, it is not an online wallet but an offline wallet. So what that means for you is that all of your information will be stored on your device, and not on the Exodus server.
Also, all users have control of their private keys. However, the only bad thing about Exodus is that if someone installs malware or a key logger on your computer that can compromise your wallet.
And how can I forget the main attribute of this wallet. The Exodus wallet is completely free. They do have some premium services, but you can have the entire feature of the wallet for free.
I am putting the Atomic wallet in the list of the best cryptocurrency wallets of 2019, and let me tell you why.
Atomic launched a few years ago, and in that time it has partnered with some of the largest companies. As a result, this information busts the wallet's credibility.
So, if you are looking for an easy to use and free software wallet, then the Atomic wallet might the right thing for you. Atomic supports over 300 coins and tokens, so it is a multi-cryptocurrency wallet. The wallet can be downloaded on to any device that you choose.
Atomic has an additional feature in which it offers its users a built-in exchange, which is very lovely. With that, you can easily exchange your cryptos through the wallet, and you don't have to risk sending your cryptos to an exchange.
When it comes to privacy; the Atomic wallet uses on-device intelligence and stores your private key on whatever device that you are using. Thus, your privacy is secure.
Also, one more thing that is great with Atomic is their fast support team and help centre. If you have any issues, you don't have to worry since the support team will figure out the solution as soon as possible.
Last but not least wallet that is making the list of the best cryptocurrency wallets of 2019 is the famous Trezor wallet.
The Trezor wallet is the first hardware wallet for cryptos that uses modern cryptography; now that is impressive. It is one of the first bitcoin wallets in the game, and currently they support over 500 cryptocurrencies that you can hold and trade.
Trezor wallet has a key-like appearance, and it might not look pretty, but that is what makes it easy to carry around. The wallet has a LED display to make it easier to use; also, you have to use a PIN to access the wallet. That provides it with additional security. Also, when purchasing something, you will have to use two-factor authentication to verify the purchase.
Trezor is compatible with Linux, Windows, and Mac. As a result of Trezor being a hardware wallet, you will have to have your computer connected to the Internet and connected by a USB.
Since Trezor was one of the first hardware wallets, it has set a high bar when it comes to security. It has features that protects it against both physical and virtual theft. The wallet can work offline, so all of your private keys are safe, even when your device is jeopardised with malware.
However, if you are a beginner, Trezor might not be the wallet for you. Since it uses a software program that is relatively difficult to use. So it is recommended to be used by people that are already familiar with cryptocurrencies.
In the end, these are my choices for the best cryptocurrency wallets of 2019. These wallets are the best ones out there for me; when it comes to looking at their price, security, use, etc. I hope that this list can make your choice a little bit easier. However, I have to recommend that you always do your research before going into something new. So, all of you looking for a wallet I wish you good luck at finding the perfect choice for you.