Coinbase is one of the easiest ways to buy, sell and hold Cryptocur currency. In this respect, it ranks first in this list. With Coinbase, you can connect to a bank account in the United States and easily transfer dollars from your wallet. You can use those dollars to buy and sell or transfer to a new amount. In addition to Bitcoin, Coinbase now supports Bitcoin Cash, Ethereum and Litecoin. There are also constant rumors about additional currencies such as Ripple about Coinbase support.
While Coinbase’s big upward trend is easy to use, it is offset by some security concerns.
Best for desktop: Electrum
Electrum is a software wallet, meaning that your bitcoin is stored in a set of encrypted files on your laptop or desktop computer.
Be. Available for Windows, Mac OS X, Linux, Python and Android. Electrum can work with some physical wallets and is more flexible than using a hardware wallet like Trezor.
The great benefit is that you can get up and running quickly and save your bitcoin on your PC. But if the computer crashes, gets lost in a fire, or ends up being hacked or damaged, you can lose your coins. This program supports a recovery process and allows you to create a physical cold refrigerator with a handwritten or printed key or key.
Best Online: Blockchain
Blockchain is a technology that makes it possible for Bitcoin and other digital currencies. The Blockchain wallet is similar to the Coinbase, because it is an online wallet and you can buy and sell directly through this platform in more than 35 countries around the world.
Blockchain also allows you to send and receive cryptocurrencies at a low cost. This includes Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens and more. To keep your wallet safe, Blockchain recommends that you complete three important security features in your account: Email verification, two-factor authentication, and a backup security statement. Regardless, Blockchain supports your budget for added security.
Best Free Shopping: Robinhood
Robinhood began as a free-to-trade trading platform and expanded to include support for options and other investments, including cryptocurrencies such as Bitcoin. Robinhood is both a wallet and an exchange like Coinbase, so everything is in one place.
Robinhood is a first mobile platform, but for many customers, its stock market has a desktop version. And what really sets Robinhood apart is the cost: it’s free. When buying or selling bitcoins, just like stocks on the platform, there are no commissions. Some may argue that, for reasons we’ve already talked about, they’re less secure, but if they’re safe enough for your stock, they’re more likely to be safe for your coins.
Exodus is a software wallet like Electrum, but it’s much more beautiful and intuitive to use. It offers similar security benefits. But it looks very different. You can also exchange and store coins directly in the program.
There is no account setting, so your currency and wallet are just for you. Be careful with that computer, but also know that Exodus includes encryption of private keys and other useful security tools.
Best for mobile: Michael
Mycelium is a Bitcoin wallet that runs Android and iPhone versions.
There is no desktop interface, but because of its mobile app, which has security integrated by third parties such as Trezor, Mycelim has banking security. It also allows you to stay anonymous and keep Bitcoin in your pocket or bag wherever you want.