Crypto Currency Wallets for Bitcoin and Altcoins
Everyone needs a secure way to store Bitcoin, Ethereum and Altcoins. The general “rule” most people use with crypto currency is “cold storage” (offline storage) for large amounts of bitcoin or altcoins and “hot storage” (devices connected to the internet) for smaller amounts of crypto. There is no 100% safe and secure method for storing crypto currencies at this time, the options below cover the most secure to least secure methods currently.
The safest of the “safe” crypto wallets…that gets stored in your safe.
Paper wallets allow offline storage by printing out your public and private keys on a piece of paper that can be stored in a secure place. The potential for your wallet to be hacked is zero but the potential for paper to be destroyed or lost is common.
Three options used and trusted by many people are:
Currently the most popular offline storage method for bitcoin and altcoins. Since their sole purpose is to store crypto currencies, unlike laptops and phones, the use of hardware wallets will continue to increase.
Storing bitcoin and altcoins on a hard drive or USB is NOT recommended, however many hodler’s use this method. The small disadvantage with using a hard drive to store crypto is that your private keys could be exposed since when transferring through your computer with any wallet. The popular hardware wallets like Trezor and Ledger, don’t allow your private keys to touch a computer.
Trezor stores Bitcoin, Ethereum, ERC20 Tokens, Litecoin, Dash, Zcash and many others covered in our Trezor review
Ledger Nano S stores Bitcoin and more coins than Trezor. However, it’s total capacity for each device is 4 crypto currencies in total.
Storing bitcoin is very safe with both devices. Trezor can hold more crypto (in data capacity) on one device. Nano can hold more altcoin’s than Trezor suppprts but would require multiple devices to be an altcoin trader.
Breadwallet for iOS or Android has been popular for years and has a few hundred thousand users on the app. There are MANY wallets in the app stored released by exchanges or third parties that we aren’t really sure we should trust.
Coinbase wallet for Android is the most popular mobile app for crypto currency in America. Their exchange is the most popular as well but the crypto community (the geeks) have a fear that the company is trying to create a monopoly in crypto currency. There is enough proof of this that we don’t really recommend them for buying bitcoin or trading alt coins.
This site is intended for people over the age of 18 that never gamble what they can’t afford to lose.