The cryptocurrency market took the world by storm. Bitcoin (BTC), for its part, became the most popular digital asset in 2017 when it jumped to a little more than $20,000 in December 2017.
In this article, we’ll show you our top 7 Bitcoin wallets that you can use in 2019.
About Bitcoin (BTC)
Everybody knows about Bitcoin that it’s the most popular cryptocurrency in the market. Established by the so-called Satoshi Nakamoto – an elusive personage – Bitcoin is known for the most significant bullish run in the world of cryptos.
In 2017, Bitcoin’s value jumped to $20,000, increasing by more than 100% in only a few months. In January 2018, the cryptocurrency market dropped, and the BTC also experience a massive decrease in its price against the USD.
As we speak, Bitcoin settled at around $8,000, with some drops and jumps in its value. However, the BTC remains the most considerable digital asset for investment purposes. Many analysts consider it the only 100 percent genuine cryptocurrency, and a sure investment.
How to use Bitcoin
Bitcoin, as mentioned above, is a digital asset. That means the BTC is a virtual coin. It’s secured via cryptographic functions and the participation in the market can be made via mining for Bitcoin. The BTC is based on a blockchain network.
Mining uses one individual’s device’s computational power to solve the respective cryptographic function that secures one block of the blockchain. For achieving that, the miner is rewarded with a small portion of a Bitcoin, depending on the block that the miner sorted out.
Also, people can participate in the Bitcoin market by buying it from reliable sources, commonly known as crypto exchange platforms. In many countries around the world, where Bitcoin is legal and regulated by respective governments, you can even buy Bitcoin from official establishments similar to banks.
But, we’re talking about a virtual currency here. So, keeping Bitcoin securely you’ll need to have a so called Bitcoin wallet. There are many such Bitcoin wallets on the Internet or in physical forms, as well, so choosing the right one for your needs might be challenging.
Luckily, we’re here to help you.
Best Bitcoin wallets
Coinbase is probably the most popular cryptocurrency exchange platform in the world. Even more, buying, selling, and stocking crypto on Coinbase is straightforward.
Coinbase is a US-based platform and is regulated under the financial laws of the US. Besides Bitcoin, Coinbase also gives users access to Ethereum, Litecoin, and Bitcoin Cash, among others.
While Coinbase guarantees that it is a secure and safe platform, some users and investors worry that Coinbase might experience the same thing Mt. Gox experienced some time ago.
Mt. Gox was the most massive Bitcoin platform in the world until hackers attacked it. More Coinbase reviews in one of our past articles.
However, at the moment Coinbase promises that its platform cannot be hacked like Mt. Gox. Accordingly, is the most popular at the moment.
Electrum is a so-called software wallet. That means you have to install Electrum on your laptop or PC. Your Bitcoin coins will be stored in encrypted files on your device.
That is one of the best Bitcoin wallets to use in 2019, and it is available on Windows, Mac OS X, Linux, Python, and Android. As for how secured Electrum is, this one is pretty hard to hack.
However, in case your PC’s HDD dies or burns or whatever, you might end up losing your coins. That’s why Electrum provides users with the possibility to create physical cold storage by using a set of key phrases that you can use in case Electrum gets corrupted.