How to find the best Bitcoin wallet to use for your Bitcoin investment? Read and discover the best Bitcoin Wallets to choose from!
Bitcoin wallets come with different features on different platforms. If you want to discover which is the best Bitcoin wallet to use in Canada, you have come to the right place. We are going to present you the best Bitcoin wallets to choose from.
But first, let’s see what is a Bitcoin wallet?
You can’t invest in Bitcoins if you don’t have a Bitcoin wallet. This wallet is the ultimate step of using and buying Bitcoins. Without a wallet, you can’t store, receive, or spend Bitcoins. You can think of Bitcoin wallet as your own personal connection to the Bitcoin network.
The Bitcoin wallets include private keys or secret codes that allow you to manage and spend your Bitcoins. In other words, the private keys give you access to your Bitcoin investment.
There are different types of Bitcoin wallets and here are some of them:
- Hardware Wallets – A Bitcoin hardware wallet is an electronic device which is specially designed for securing Bitcoins. This wallet must be connected to your tablet, phone or computer before Bitcoins may be spent. Hardware wallets are a perfect choice if you are serious about convenience and security and reliable Bitcoin storage. The 3 most popular Bitcoin hardware wallets are Trezor, KeepKey, and Ledger Nano S.
- How Wallets – These types of wallets run on internet connected devices such as a tablet, mobile phone or computer. The private keys are actually secret codes and because hot wallets produce your private keys on a device, these private keys can’t be 100% secure.
- iOs and iPhone Bitcoin Wallets – These Bitcoin wallets were banned from the App Store, however, today there are so many options to choose from. Some of the best iOs and iPhone Bitcoin wallets are Airbitz and Breadwallet.
Which Bitcoin wallet is best for you to use in Canada?
Well, in order to determine which Bitcoin wallet is best for you, you need to ask yourself – Why are you using or buying Bitcoins? Are you saving or investing?
Each type of wallet has its own pros and cons, and different types of wallets are designed to solve various problems. Your specific needs should clearly determine the wallet you use, as at, the end of the day, there is no best Bitcoin wallet.
— Einstein Exchange (@EinsteinXchange) 11 de diciembre de 2017
Additional Reading: Here Are The Experts’ Thoughts About Bitcoins