5 The Best Bitcoin Wallets in 2020
A Bitcoin wallet stores the information is necessary to transact bitcoins. Bitcoins are inseparable from blockchain transaction ledger. bitcoin uses two cryptographic keys.
1. Public key
2. Private key
If you want to develop your bitcoin wallet as per your requirements. There are many bitcoin wallet development company will help you.
In this article, we will discuss the best 5 bitcoin wallets in 2020
1. Exodus
Exodus is a desktop and mobile wallet with a simple user interface and an exchange built-in. Exodus is a Hot Wallet. Its purchase cost is free. it is compatible with the Trezor hardware wallet.
Advantage
Huge Variety of cryptocurrencies
Built-in-exchange
Good customer support
2. Electrum:
Electrum is one of the best bitcoin wallets. It was found since 2011, after 2 years of bitcoin creations. Electrum is open source, allows its users to set custom transaction fees, and has the option to choose between legacy Bitcoin and Segwit.
Advantages:
Ability to set custom transaction fees
The greater level of security than most hot wallets
Ability to customize seed phrase
Read More: How to Develop a Bitcoin Wallet Application?
3. Mycelium
Mycelium is an open-source and mobile-only Bitcoin wallet. Mycelium currently only supports Bitcoin. Mycelium, like Electrum, is one of the earlier wallets in the space.
Advantages:
Ability to set custom transaction fees
Ability to use hardware wallets
Open-source software
4. TREZOR
Trezor, like Ledger, is a name synonymous with crypto cold wallet storage. Its Model T is the second generation of hardware wallets they have created. The Model T utilizes a touch screen, which can be easier to use for beginners than the buttons the previous model used. Currently, the Trezor Model T supports nearly 1,400 different cryptocurrencies.
Advantages
Web-based user interface with exchanges built-in
A massive list of supported cryptocurrencies
Open-source software with the added benefit of customer and community support
No limit to the number of wallets you can have simultaneously
5. Ledger Nano S:
The Ledger Nano S is the first generation of hardware wallets introduced by Ledger. It is also one of the first hardware wallets ever made. The Nano S is essentially the same as its successor, the Nano X, in that it supports the same list of cryptos and has access to the Ledger Live software.
Advantages:
Ledger Live has an intuitive and convenient user interface
Secure crypto storage for a low price compared to other options
Open-source software with the added benefit of customer and community support
