7 Best Cryptocurrency Wallets for Your Digital Coins

Who doesn’t know of Bitcoin? It has been reigning supreme as one of the digital currencies, that are very common, at present in tech-savvy homes and surroundings. Digital currencies are safe, secure, and easier to operate. As there is a limited supply of bitcoins, they are also a very big investment opportunity for people. Though there are risks like all other market-related investment schemes, if you move forward carefully, and with cryptocurrency wallets that ensure your safety, you shouldn’t face a problem.

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Finding the best cryptocurrency wallets for your digital coins, can, however, be difficult and daunting. In this article, we aim to make it a little easier for you by listing the 7 best cryptocurrency wallets for your digital coins:

1. Coinbase

This is one of the best cryptocurrency wallets for your digital coins, that helps you buy, sell, and store cryptocurrencies in the easiest manner. Coinbase also allows you to connect your account to a US bank account, so that your bitcoin can be transferred to monetary evaluation, in dollars. It can hold more than 20 cryptocurrencies, with U.S dollars and U.S.D coin pegged to the dollar. Coinbase earns also allows you to use itself to answer quizzes, and watch videos, in exchange for free cryptocurrencies. There is no purchase cost, and it allows incorporated exchange.

2. Trezor

If we’re talking about hardware wallet security, Trezor is the best cryptocurrency wallet for your digital coins. As there are so many scams, high profile hacks, and losses in the past, it is only prudent to choose a digital wallet that keeps your digital coins safe from the prying eyes of hackers and other illicit individuals. Even their cheapest wallet, a plastic one, is extremely secure and includes multi-factor authentication to ensure your safety, at all costs. There’s a purchase cost involved, and it starts as low as $55.

3. Ledger

Ledger is one of the first names that comes to mind when we’re talking about the best hardware digital wallet for durability. It connects to your phone or computer device, to store, access, and avail your digital holdings. The stainless steel cover around it ensures the maximum safety and durability the wallet has. It supports an overwhelming 1200 currencies. The basic version is called Nano S, and the Bluetooth enabled one is Nano X. They come for $59 and $119 respectively. It allows for extremely secure offline storage.

4. SoFi

If you’re a beginner, this is the best digital wallet to store your coins. You might be wondering why that is so! With SoFi invest, you can buy, sell, and store cryptocurrencies including bitcoins. To open an account, you need a minimum token fee of $1 on SoFi. As a markup, this platform charges 1.25 percent of the transaction. It supports five different currencies and the most popular ones. The user experience is smooth and great and hence suited to the needs of beginners. Advanced users may find the system limiting, as per their convenience. The purchase cost does not exist, and it supports imported exchange.

5. Robinhood

If you’re looking for a digital wallet that allows you to do free buying and selling, Robinhood is the go-to digital wallet for many. Though it is a mobile-first platform, it has a desktop version, too. It had started as a free stock trading platform, and now it supports six cryptocurrencies. Imported exchange is allowed, and there is no purchase cost. Limited currencies might be a con, and it is easy to get started.

6. Edge

This is a mobile wallet for iOS as well as Android users. Available readily in Apple App Store, and Google Play Store, it allows you to buy, sell as well as exchange cryptocurrencies and real fiat money. It allows and supports access to 30 different digital coins, and the top coins like bitcoin, ethereum, stellar, ripple and tezos are easily supported. A strong choice for mobile users, it is largely owing to the fact that it allows strong and smooth integrations. The log-in system is extremely secure, and numerous online sites use Edge as their authentication partner. It does not have a desktop or web interface, which might come off as a con to advanced users who like device compatibility.

7. Bitcoin Evolution

Recognized by the US Trading Association, Bitcoinsevolution is one of the new and emerging platforms that allow you to buy, sell and exchange cryptocurrencies. Their proven algorithms also help you make profits, and are especially beneficial if you’re a beginner. It is an online trading software that is faster than most other software. The automatic mode allows the digital wallet to do the trading on your behalf, and the manual mode lets you use your expertise, and do the bidding yourselves. After an easy registration and initial investment of $250, you can start trading here and enjoying profits.

Ranbeer Maver is a Computer Science undergraduate. He's a geek who embraces any new consumer technology with inhuman enthusiasm.