Bitcoin is changing the way we look at the future digital payment. While Bitcoin is now incredibly difficult to mine, it’s relatively easy to buy Bitcoins with traditional currency.

For anyone wanting to begin their foray into this form of peer-to-peer transaction, which offers anonymity while simultaneously cutting out banks and other traditional third party financial entities, the first step is getting a Bitcoin wallet.

It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence.

Here are the Top 10 Bitcoin Wallets that you need to try right now,

1. Mycelium

Mycellium is one of the best Bitcoin wallets out there. With this app you can easily send and receive Bitcoins using your mobile device. It allows for cold-storage integrations with hardware Bitcoin wallets like Trezor or KeepKey, and has a unique feature to help manage your private keys as well as a secret number that allows Bitcoins to be spent.

2. Copay

Ever got confused about private keys? That’s where Copay comes in. This open source, multi-signature wallet from BitPay can help you have greater control over your private keys. This multi-signature technology allows Bitcoin wallets to be controlled by multiple private keys and users. Authorization for each transaction can require one, some, or all of these private keys.

3. Coinbase

By far, Coinbase is one of the most popular Bitcoin exchange services used globally. Merchants and consumers can transact with a variety of digital currencies including Bitcoin, Ethereum, and Litecoin.

4. BreadWallet

Breadwallet is another open source and user-friendly wallet, perfect for beginners. Their core design principle is easy and intuitive software, so it’s a great option for those just starting out with Bitcoin.

5. Armory

Armory is the most secure and full-featured solution available for users and institutions to generate and store Bitcoin private keys. This means users never have to trust the Armory team and can use it with the Glacier Protocol.

6. Electrum

Electrum is an extremely fast and lightweight Bitcoin wallet. It uses minimal computing resources, so it is a perfect match for older hardware. Electrum proves that being less resource-intensive doesn’t mean having to cut down on features.

7. Airbitz

If you’re looking for something that will guarantee a little more privacy then have a look at Airbitz. The unique feature about Airbitz is that it is a completely decentralized wallet. What this means is that neither the company behind it nor any third-party can access your money or data. For those looking for best option in security and anonymity, this may be the wallet for you.

8. MultiBit

MultiBit HD is the brainchild of KeepKey, a company that manufactures a hardware Bitcoin wallet by the same name. It is a lightweight desktop client which, like Breadwallet, connects directly to the Bitcoin network. This open-source client allows you to backup your wallets using a passphrase, so you can restore your private keys using the backup phrase.

9. Bitcoin Wallet

Bitcoin Wallet is the first mobile Bitcoin app. Designed to make Bitcoin easy to use at a time when these types of apps were limited, it’s a simple design without all the bells and whistles of newer apps. You can quickly pay by scanning the QR code, which is a big plus.

10. Trezor Wallet

Trezor was one of the earliest pioneers of the hardware wallets. SatoshiLabs, a Europian start-up, is the brainchild behind the Trezor wallet. Moreover,  it connects to your computer via USB and features an OLED display.

About Author

Biplab Ghosh

Biplab lives his life around technology and is particularly keen to explore the intersection of technology and human behaviour. Always looking for new ideas, and ways that can make things simpler. He is a geek with the flair for travel and has great passion for music and theatres.

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