4 Types of Bitcoin Wallet you need to know

[entrepreneur 634]

Nice post, I think that the hardware wallet is the best wallet for storing large amounts of cryptocurrencies, because if offers the most security and also, it will be very hard for hackers to break into your physical  wallet, unless they steal it in real life, but then you also have a passcode on it, so it's so secure.

[Phongg224 33]

Thanks,it's nice 

[muradalam837 4]

Ledger Nano and Trezor still be the best wallets for me to save all cryptocurrency, but I don't just to use that wallet only because I still save some coins and tokens in the MEW and the Jaxx and Coinomi. But I keep my most coins into Ledger and Trezor because it's very safe for me and I don't have to be afraid of the hacker attacking.
 

[bisarkadan 0]

A majority of new Bitcoin users decide to leave their Bitcoin’s in online cryptocurrency exchange wallets such as Coinbase. While this is convenient, you are not keeping your cryptocurrency secure.
Private keys ultimately decide who owns the Bitcoin. When Bitcoin is left in a wallet like Coinbase they hold your private key for you.
If you want to use your Bitcoin to transact, consider also having a hot wallet.
Hot wallets are typically software wallets that store lesser amounts of Bitcoin. These are great for spending Bitcoin on everyday items.
 

[migeljah 537]

I have using Web & Software wallet from three years. I love coinbase its very secure and its interface is very user friendly. Now i want to use paper wallet for keeping my bitcoin safe. Any one can suggest mr the best paper wallet ?

[polobkhan 532]

Every person has to have good knowledge of wallet before using crypto. If he does not have good knowledge of wallet then he will not be able to deposit his bitcoin properly and it is necessary to know which is the best and most reliable.So every person needs to know at least four wallets to store Bitcoin.

[Emmaxogi 33]

As crypto currency enthusiast their are  basic necessity to know before venture into a crypto trade as concern in other not to miss the road of the business especially loss of investment labour for over time. I would have recommend investors to be giuded by an experience crypto expert and exposure to online training like YouTube video training, group chart, webinar tutor training and the likes just to gather experience and knowledge 

[betelihem 4766]

On 10/28/2019 at 5:22 PM, xBDT Script said:

We often talk much about which wallet to use, which one is convenient to use, which one is secure, etc. I am going to share 4 types of bitcoin wallet and their features shortly.

1. Web Wallet
This is very well known to use- Coinbase, blockchain.com etc. Web wallets are very risky to use. They can be hacked any time.

2. Software Wallet
Software wallets are like bitcoin core, Electrum, Mycelium etc. These are also connected online but not web wallet. These wallets have benefits of holding seed key or private keys, These are better for daily using of BTC. Not much better for long term though.

3. Hardware Wallet
Hardware wallets are cold storage where you can hold the private key safely. This is very much recommended for long term holding of bitcoins. Example like- Ledger Nano, Keepkey etc.

4. Paper Wallet
Paper wallets are very cheapest methods for having the been fits of cold storage. It's holding the private key in a paper. This is very easier method of storing bitcoin.

Please share you thoughts.

You mentioned good information's for paper wallets, i actually know the top three types of wallets but i was confused about the paper wallet, personally i use the online or the web wallet for holding my coins.

[FA19A7BB015 139]

Yes of course this is the types of bitcoin wallet.such as 

1) paper wallet.

2) web wallet.

3) hardware wallet

4) software wallet.

But i mostly used hardware wallet.i saved my private account keys in my hardware wallet.because it is very secure wallet.i protect my hardware wallet carefully.because hardware wallet protection depend upon on you.

 

 

[Usnman 631]

That is, as I understand it, if the funds will not be on my wallet for long, it is better to use the Web wallet, the Software wallet will be more secure. I think, for the sake of security, if the money in your wallet is kept for some time, it is better to use the Software wallet

[Malik9532 1276]

I use trust wallet it is software wallet and it is safe and secure wallet no one can hack this wallet because it's security is very high and it's transaction fee is very low . Web wallet security is low anyone can hack this wallet easily .

[Aimen Khan 696]

There are many wallets for storing money or coins like Trust wallet,Hardware wallet, Desktop Wallet and offline wallets.But security depends therefor,I use blockchain wallet.It is easy to use. It is safe and never be hacked because of high security.

[Imranjaved77 6]

Hardware wallets

Extension wallets

Paper wallets

Mobile wallets

Offline wallets

[Ramz99737 1196]

I think the cheapest method to store bitcoin is to use online wallet, but they are risky to use, while the more expensive to buy is hardware wallet, and they are really safe to use.

[Amr90 1064]

A wonderful detail between the differences.
For me I use Trust Wallet, I understood that you would classify it as a Web Portfolio.
But I hope you explain more why this type is considered unsafe.

[Mohammad Feyaz 615]

Still my I was unknown about the types and I always talk about " which is best to use" and your post outline the most important features that most people miss. Now I can surely say that paper and hardware wallet are best for storing your coins as they strongly resist your coins from being hacked as they are store cold.

[Malikjnb 1235]

Thank you for sharing this useful post. All the wallet are very important but I mostly use web wallets. In the web wallets I use trust wallet I know all web wallets are risky but trust wallet has highly security. I recommend you to use it.

[Imranjaved77 6]

Atomic wallet

Metamask wallet

Ripple wallet

Lynx wallet

[Malik Ayaz 506]

Good information about the types of wallet and  u have well concept regarding to the different types of wallet and u have also mentioned how to choose the best. Still for me I would like to use hard ware wallets as they are highly secure and can never be hacked

[Nomigg 410]

So many types of wallet but we still Store or coins on exchanges. The cheapest method to store your coin is to use online wallet but they are risky. Hardware wallet are most safe to store your Bitcoin.

[Tawari 888]

My friend all wallet you share are very important and best wallet. But I am personally prefer to both hardware and digital wallet. Both wallet are very best but the digital wallet are very important for saving our bitcoin. 

[Aiman Malic 644]

The four types of bitcoin wallets are desktop wallet,mobile wallet, web wallet and hardware wallets.cash can't directly change into bitcoin whenever you feel like it.A cryptochange handle the transaction on your behalf and find a buyer.So that you can quickly convert your bitcoin into the cash you need

[UsmanMehmood 374]

People who work online use online wallets to deposit their money.Listed online wallets are as follow

Coinbase wallet

Blockchain wallet

Trust wallet

Atomic wallet

It is very easy and safe to use all these items. You can not only transact through wallet, but also keep your money safe and it is used world wide. 

[Shoail 218]

This wallet is very secure and  safe many people use it and store their currency security information inside it and take full advantage. These are given below .

Hardware wallet 

Web wallet 

Software wallet 

Paper wallet 

[Kashan khan 518]

Thanks for sharing your information with us. But as much as I know about it, I would say that hardware wallet is the best among all these. It has very little chance to be hacked.