Do I need a bitcoin wallet?
To be able to buy or sell Bitcoin and other cryptocurrencies, you will need to have a bitcoin wallet. But choosing the right wallet can be hard. There are many different types of cryptocurrency wallets available. There are digital wallets, with which you store your currency online. There are also cold storage bitcoin wallets, such as paper wallets and hardware wallets, where you can keep your digital money offline.
Which wallet should I choose?
They all have their own advantages and disadvantages and it would depend on your individual needs, to decide which one is the best for you.
As the easiest way to get your hands on some Bitcoins and other cryptocurrency is to buy it online, below we have listed a number of digital wallets, which have become almost a must-have if you are into cryptocurrency. In any event, it is best to have several wallets of different types and to switch between them depending on your needs.
To help you choose we have listed some of the best known and most trusted online digital currency wallets, hardware wallets and paper wallet generators.
Online Bitcoin Wallets
is a simple yet very functional wallet. It supports Bitcoin as well as Ethereum and Litecoin wallets. You can also have fiat currency wallets in GBP, USD, EUR and other currencies. It is easy to buy sell and exchange cryptocurrency and fiat currency between wallets.
is one of the most popular digital bitcoin wallets. It is very simple to use and is a must have for most bitcoin enthusiasts. The perfect wallet if you are just starting out and want to get your hands on some bitcoins.
is an intuitive cryptocurrency wallet and exchange platform. Headquartered in London, it also offers a prepaid card backed by Bitcoin or altcoins like DASH. This allows the user to withdraw fiat cash from any ATM around the world.
Mobile Cryptocurrency Wallets
supports Bitcoin, Litecoin, Ethereum as well as more than 100 other cryptocurrencies and ERC20 tokens. It is not possible to buy coins with fiat currency but you can transfer bitcoin and altcoins directly to your wallet addresses. It gives you access to the private keys which gives you complete control. Coinomi partners with both the Changelly and Shapeshift exchanges, and lets you convert cryptocurrencies from within your wallet.
Hardware Cryptocurrency Wallets
Ledger Nano S
is one of the most beautifully designed, compact and reliable hardware Bitcoin, Ethereum and Altcoins wallets available today. It has a OLED display and connects via USB
is the last gen powerhouse cryptocurrency wallet from Ledger
. It is available to pre-order now, with shipping starting in September 2017.
Bitcoin Paper Wallets
is a free online Bitcoin paper wallet generator. It literally takes two minutes to set up. Once at the website you hover with your mouse randomly to generate a bitcoin address. You can then print out one or as many bitcoin paper wallets as you wish. Simply transfer your bitcoin to this address to store offline. It also generates a QR code for your private key so it is just as easy to transfer your bitcoin back to an online wallet or exchange.