While all leading cryptocurrency wallets provide a high level of security for safekeeping your crypto assets, improper security practices on behalf of the user can lead to a complete loss of funds. Crypto enthusiasts should take care to store the bulk of their assets meant for trading on exchanges using cold storage methods, and never share your wallet’s login details, recovery phrase, or private keys with anyone.
Why You Should Trust Us
Investopedia launched in 1999, and since 2020, we have independently researched several Bitcoin wallets available to consumers. To Choose the best Bitcoin wallet, we analyzed several key data points, including costs, security features, functionality, and more, to bring together this list presented to you. This way, readers interested in either creating, downloading, or buying their external hardware device can choose the best one that aligns with their needs and standards.
How We Picked the Best Bitcoin Wallets
Our team independently researched and analyzed 14 leading Bitcoin wallets that are available to Bitcoin investors and traders. To choose the best Bitcoin wallet, we collected data points based on 33 different criteria and compared each company to find the best wallet for security, integration, beginners, advanced Bitcoin users, and mobile users on essential criteria.
Below are the different categories we considered and their importance:
- Security: 20%
- Fees: 23%
- Trading features: 49%
- Transparency: 8%
Through our research, Investopedia was able to bring you a list of the best Bitcoin wallets, guided by data and driven by analysis, to give the reader an unbiased and fair approach to helping them find the best Bitcoin Wallet.
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