Wallets are like our bank accounts in today’s centralized monetary systems. There are different types of wallets and each offer a different set of solutions with a different set of capabilities. Just like today when we store our FIAT money (government-issued currency) in various locations and accounts for ways of storing, managing and spending money. Bitcoin wallets are only slightly different in the ways of storing, managing and spending, but more efficient in use. We are the ones who have full control, all the time, of our Bitcoin. Here are some of the different types and wallets you can use for each solution.
Similar to our savings, retirement savings or safety deposit box accounts. This is where we store most of our Bitcoin offline. Owning more than one cold storage wallet and using multi-signature
is a best practice.
Coldcard is an easy to use, ultra-secure, open-source and affordable hardware wallet that is easy to back up via an encrypted microSD card. Your private key is stored in a dedicated security chip. MicroPython software design allows you to make changes.
At Ledger we are developing hardware wallet technology that provides the highest level of security for crypto assets. Our products combine a Secure Element and a proprietary OS designed specifically to protect your assets. Ledger hardware wallets empower you with the ownership and control of your private keys.
Print your own offline tamper resistant paper wallets to store bitcoins in 'cold storage'. Uses secure BitAddress open-source JavaScript key generator.
Similar to our chequeing account. We use this for daily use or moving Bitcoin from wallet to wallet. Only keeping large amounts of Bitcoin on our desktop wallet for short periods of time is a best practice.
Improve your Bitcoin Experience. Securing Bitcoin payments since 2011, Electrum is one of the most popular Bitcoin wallets. Electrum is fast, secure and easy to use. It suits the needs of a wide spectrum of users.