What is the best Bitcoin wallet?

Posted onNovember 8, 2017November 7, 2017AuthorZoey Pena

This guide will help you find the right Bitcoin wallet in 2017!

There is no universal Bitcoin wallet. These wallets come in all kinds of forms and functions.

Keep reading if you’re looking for the meilleur portefeuille bitcoin.

What is a Bitcoin wallet?

A Bitcoin wallet is the first thing you need to be able to use bitcoins.

Why?

Without a wallet, you cannot receive, keep and spend your bitcoins.

Try to imagine such a wallet as your interface with the Bitcoin network – a bit like your online bank account is an interface to the conventional monetary system.

Bitcoin wallets contain private keys, some secret codes that allow you to spend your bitcoins.

These are not the bitcoins that need to be stored and secured, but rather the private keys that give access to them.

In brief:

A Bitcoin wallet is an app, website or device that manages your private keys.

Types of Bitcoin wallets

Hardware Wallets

A hardware wallet is a physical, electronic device designed for the sole purpose of securing bitcoins.

The big difference with solutions is that the hardware devices must be connected to your computer, smartphone or tablet before you can spend bitcoins.

The three most popular hardware wallets are:

Ledger Nano S
KeepKey
Trezor

Hardware wallets are one of the best choices when you take security seriously, but still, want a convenient and reliable bitcoin storage solution.

Hardware wallets keep private keys away from devices connected to the Internet (and therefore vulnerable).

Your private keys are stored in the wallet hardware, i. e. in a secure offline environment offering complete protection, even when the computer to which it connects is infected.

Since bitcoins are a digital currency, cybercriminals could theoretically attack your computer’s “software wallets” and steal them by gaining access to your private key.

Which wallet suits you best?

To invest? To save money? In this case, a hardware wallet will allow you to keep your bitcoins safe.

If not, a software wallet can also send and receive bitcoins.

Each wallet has its advantages and disadvantages, and each wallet exists to solve different problems.

Some wallets focus on security, while others focus on confidentiality.

Your needs will determine the type of wallet you use because there is no such thing as the “best Bitcoin wallet.”

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