With the rage around Bitcoin at this moment, it is quite understandable that a significant number of people are trading in BTC. But if you are new to this, do you have doubts about which bitcoin wallet is the best option for you?
A wallet is one of the fundamental things that you need, in order to trade cryptocurrency. It is where the coins are stored. For Bitcoins, or any other digital asset, you should pick the best and the safest wallet available on the market.
A Bitcoin wallet needs to offer you security, convenience and you need to be able to trust in its ability to store your digital assets safely.
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What Is A Bitcoin Wallet?
Bitcoins are technically not stored anywhere which is why we have a Bitcoin Wallet, which is a software program, where Bitcoins are put away.
There is a private key for every bitcoin address which is saved in the Bitcoin wallet, of the individual who claims the assets.
Bitcoin Wallets encourage sending and accepting Bitcoins and give ownership of Bitcoin Balance to the client. It can be of various types; mobile, desktop, hardware and web are the four main types of the wallets.
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Which Is The Best And Safest Bitcoin Wallet In The Market?
If you ask most industry experts regarding the Bitcoin wallet of their choice, they will undoubtedly point to Coinbase.
It is one of the best Bitcoin wallets in the market. It has a user friendly interface that allows you to buy, sell and hold cryptocurrencies.
Up till August 2019, the Coinbase Wallet was previously known as Toshi, which was developed and launched by the Coinbase team during 2017.
When the product initially launched, it featured the world’s very first mobile DApp (decentralized applications) browser and later became the first wallet to launch crypto collectibles.
It lets you connect to any U.S. Bank Account and transfer fiat currency in and out of the dollar wallet.
After the entire Mt. Gox hack fiasco, Coinbase has tightened its security mechanisms and is now a very secure wallet for storing cryptocurrencies.
Coinbase is one of the largest cryptocurrency exchanges at the moment. Based out of USA, it offers support for hundreds of cryptocurrencies.
The Coinbase wallet is part of the exchange, which lets users store their assets that they have purchased through the exchange, in a secure manner.
Thus if you ask us, we completely recommend Coinbase as it is one of the most reliable Bitcoin wallets out there.
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