Best Bitcoin Wallet Review 2018
In this review, we will help you find a Bitcoin wallet that best fits your needs. We will cover the two main types of wallets, hardware wallets and hot wallets.
When buying Bitcoin or any other cryptocurrency, it is strongly recommended to store it in a wallet. Leaving your Bitcoin on an exchange can lead to it being stolen from hackers. Only leave what you are willing to lose on an exchange.
Best Bitcoin Hardware Wallets
A hardware wallet is a physical device that stores cryptocurrencies and is never connected to the internet. Hardware wallets are much more secure than hot wallets, but they are not free. If you are only investing small amounts into crypto, stick with a hot wallet. For more serious investors, a hardware wallet is a must. Check out our top picks below!
Ledger Nano S – €79
The Ledger Nano S is a hardware wallet, designed to keep your cryptocurrency safe. The Ledger Nano S is Ledger’s latest model. It costs €79 or about $97, which is lower than its competitors. It is a compact device, almost like a large USB drive but with a screen.
The screen is not only a convenience, but it also adds an extra layer of security. When sending Bitcoin from the Nano S, you need physical access to it in order to confirm it’s you. The Nano S is powered by a USB cable, which is needed to operate it as it doesn’t have a battery. Currently, the Nano S supports more alt coins than its competitors.
TREZOR – €89
The TREZOR is a hardware wallet, designed to keep your Bitcoin and other cryptocurrencies safe. TREZOR was the first hardware wallet, launched in 2014. The TREZOR costs €89 or about $110, which is slightly more expensive than the Nano S. It is a compact device, measuring 30mm by 60mm (1.1″x2.3″). It has a bright OLED screen which is slightly larger than the Nano S.
TREZOR has an extra level of security that the Nano S is lacking. It allows you to add a custom 25th word to your 24 word seed. This makes it virtually impossible for anyone to guess. Ledger has said they will add this to their products soon. TREZOR supports over 14 alt coins in addition to Bitcoin, making it a great choice to keep your crypto safe.
KeepKey – $129
KeepKey is one of the newest hardware wallets. It has good build quality and a sleek design. KeepKey costs $129, which is more expensive than both the Nano S and the TREZOR. Its size is larger than both competitors, measuring 1.5″ x 3.6″ and is slightly heavier. The size and weight compromises are well worth it, giving the device a premium look and feel. The screen size is much larger than the TREZOR, and is OLED.
Like the other two hardware wallets, KeepKey has a Chrome extension that makes it easy to use. KeepKey is very easy to setup and is beginner friendly. If it’s lost or stolen, you can safely recover your device without compromising its private keys. In addition to Bitcoin, KeepKey also supports Bitcoin Cash, Ethereum, Litecoin, Dogecoin and Dash which is fewer than both the Nano S & TREZOR. But don’t let that be a deal breaker as they are looking to add more in the near future.
Overall, KeepKey is a great wallet. If the larger screen and sleek design is worth the extra cost, then KeepKey is the wallet for you.
Best Bitcoin Hot Wallets
A hot wallet is a Bitcoin wallet that is connected to the Internet. Most hot wallets can run on a computer, tablet or phone. As you are connected to the Internet when setting up the wallet, you aren’t 100% secure as the device could be compromised.
Hot wallets are great for the convenience, but only use if you are storing small amounts of cryptocurrency. For larger amounts, use a hardware wallet as they are much more secure.
Pro Tip: Make sure to check the URL before logging into a website. Searching Google could lead to fake website trying to steal your login. Bookmarking the page is a good idea.