Cryptocurrency continues to grow. It has gone from being a fad to a serious form of currency. Investing in cryptocurrency is becoming more popular than ever.

One thing many cryptocurrency investors need to invest in is a cryptocurrency wallet. Especially if you hold Bitcoin. Bitcoin remains the most valuable cryptocurrency on the market. As a result, it’s imperative that you keep your Bitcoin safe.

So how do you do this? You invest in the best Bitcoin wallet possible.

We’ve prepared this guide to help you decide on a Bitcoin wallet. 

Choosing The Best Bitcoin Wallet

Before you choose your Bitcoin wallet, make sure you are well-versed in how to invest in Bitcoin. We suggest reading up on more information on how to invest in Bitcoin and grow your portfolio.

Once you have accumulated a wealth of Bitcoins, you need to know about the criteria for a great Bitcoin wallet.

In short, it needs to be from a reputable brand, password-protection, and usability features.

Here are the best Bitcoin wallets that fit the bill.

1. Trezor Wallet

This is a versatile cryptocurrency wallet often favored by beginner investors. It works with Mac, Windows, and Linux operating systems. The features include a password manager, two-factor authentication, and USB connectivity.

In addition to Bitcoin, it works with a variety of altcoins including Dash and Ethereum. These are small and lightweight and can easily be carried in your pocket or your travel bag.

They are on the pricier side (retailing at $169.99) but are well worth the investment. It is a very simple wallet to use and can be managed using the in-built software.

2. Ledger Nano S and X

This is one of the most popular cryptocurrency wallets available. One of the biggest advantages is that it can store over 1,000 different cryptocurrencies from Bitcoin to Ethereum to lesser-known altcoins. The list of supported cryptocurrencies continues to increase – making this wallet a preferred option for serious cryptocurrency investors.

Another great advantage is the affordability. The Nano S is $59 and the Nano X is $119 and has added security features.

All of your cryptocurrency data is stored offline. As a result, this wallet is not susceptible to cyberattacks. All you have to do is ensure that it doesn’t get lost or stolen. This is easy because it is small and lightweight and can fight on your person or in a small case. 

If you ever do lose your wallet, you have a pin code and a recovery phrase that can help you recover your cryptocurrency. The wallets are durable and made of stainless steel – making them difficult to get damaged.

3. KeepKey

If you are a beginner to investing in cryptocurrency and are on a budget, you want to consider the KeepKey. This is part of a family of crypto devices from popular crypto brand ShapeShift.

It retails for only $49 and can store over 40 cryptocurrencies including the most popular ones – from Bitcoin to Bitcoin Cash, Ethereum, Dash, Litecoin, and more. It comes with a pin code and a recovery phrase.

The pin code automatically changes from time to time, making it less susceptible to malware attacks. The wallet can be easily carried in your bag and connects to your ShapeShift account when you want to exchange cryptocurrencies. 

4. SecuX V20

This is an award-winning cryptocurrency wallet. It works with Mac OSX, Windows, Linux, iOS, and Android operating systems. It can store over 1,000 different cryptocurrencies.

It is renowned for its military-grade security services. It comes with a color touchscreen where you can access each of your cryptocurrencies and see your portfolio.

It can be connected to your computer and mobile devices both via USB connection and Bluetooth. It’s also great if you are a merchant who wants to accept Bitcoin and other cryptocurrency payments.

To secure the device, you can create a passcode. There is also a physical confirmation option to protect the security of your crypto portfolio. Additionally, the wallet can automatically generate long recovery phrases.

The great news is that with all its features, it is sold at an affordable price of $149. While not as popular as the other wallets, this is a great option for the seasoned cryptocurrency investor. If you are a merchant, you want to opt for this wallet for your business.

5. Coinbase

If you prefer web wallets over hardware wallets, you want to go for Coinbase. This is one of the most popular and reliable websites to buy, sell, and store your Bitcoin and numerous other cryptocurrencies.

Coinbase also comes with a mobile app where you can hold your cryptocurrency in a wallet. This wallet lets you receive and send cryptocurrency directly from the app.

There are fees associated with buying and selling cryptocurrency using Coinbase. However, its ease of use is what has made it popular. If you are a beginner to cryptocurrency investing or have a small portfolio, Coinbase is a great place to start.

6. Paper Wallets

This is not an advanced method, but it still popular with many crypto enthusiasts from amateur hobbyists to seasoned investors. Paper wallets require you to store the information of your cryptocurrency wallet (Public and Private key) onto a QR code.

Using a service such as Bitcoin Paper Wallet, you can print out a small receipt with a QR code. This QR code, when scanned, will access your cryptocurrency wallet. 

If you opt for a paper wallet, you need to make sure that the paper is kept safely. Keeping it in a locker is advisable. If it gets damaged or lost you may lose permanent access to your cryptocurrency. This is a great alternative to use with an existing cryptocurrency wallet – it should never be considered as a standalone option.

As a final note, we recommend trying at least two options for your Bitcoin and other cryptocurrencies. This can include a mix of hardware, software, and paper wallets, or spreading your cryptocurrency to two or three different wallets of the same type.

Protect Your Bitcoin

Now that you know the different options available, you can choose the best Bitcoin wallet for your needs. Be sure to always keep your crypto secure. This is the currency of the future and you should treat it as you would treat cash.

Be sure to read more content on money and investing on our website.