Our Favourite Bitcoin and Ethereum Wallet.

To get started with Bitcoin, the first step that you need to take is to choose a secure Bitcoin wallet. This wallet contains the public and private address, which you use to obtain access to your Bitcoins. It is the go-to destination for storing, receiving and sending Bitcoins or other crypto currencies. Seeing as there are different kinds of Bitcoin wallets available, it can seem like a very overwhelming task to choose . Before I discuss our favrouite Bitcoin wallets, the following are some of the things you should look for before you pick which wallet.
Noting these are both offline wallets, as we prefer this more secure method of storage and suggest it to all of our friends and associates.

Among the increasing number of Bitcoin wallets that have become available, how do you go about choosing the best wallet for your needs? I will try in this section to discuss the most important features that you should look for when choosing a Bitcoin wallet for your bitcoins.

Company Reputation: Of course this is common sense, but a reminder definitely can't hurt. What company is behind the application? How securely is information stored on their servers? Building a solid reputation does take quite a bit of time. If you are a Bitcoin enthusiast, you will want to stay current on the latest wallet. However, when it comes to your money, you may want to stick with reputable companies.

Security and Open Source: Open source wallets definitely have advantages since it allows for the code to be reviewed by any developer and the wallet's security infrastructure to be verified. That can be especially beneficial for those who are new to having a wallet, as it provides them with a solid base for building their reputation. You should also look for wallets where the private keys are stored offline instead of on the server.

Privacy: Actually the Bitcoin network is pseudonymous. Anyone can view the account balance and transaction history that is linked with your public address. Therefore, search for wallets supporting the TOR network if security is something you are really paranoid about.

MultiSig account: This new feature allows multiple private keys to be set up from one Bitcoin address. It makes it possible for a shared account to be set up by users that need to have private keys from several different people in order for a transaction to be confirmed. For family and corporate-sharing accounts this provides an added security layer.

Backup features: There should be a good backup mechanism that comes with the wallet. That will help to ensure that you don't end up losing access to your Bitcoin account if your device gets stolen or damaged.

Platform Availability: With all of the different computing devices that are available these days, it is critical to ensure that the wallet you choose is available on your specific platform. If you are prepare to compromise on security to get the accessibility you want, you can consider using a web-based Bitcoin wallet portal. Make certain that it is also compatible with whatever hardware wallet you are going to use.

So now that you are aware of what the most important features are to look for, here are some of the best Bitcoin wallets for each platform:

The Ledger Wallet wallets.

This French start-up company specializes in building hardware wallets to store cryptocurrencies in. It makes different wallets such as the Ledger Blue, Nano S and Ledger Nano. Those wallets connect via USB with your computer and help to validate transactions when a software wallet is combined with them. There are different specifications depending on the model, however all Ledger wallets are centered around security. These have been our personal favorite. Their customer support as well as privacy are key. They are trendy as well. Feels nice to own.

The Ledger Bitcoin Wallets

Ledger is a hardware wallet that allow you to completely control your Bitcoins. It is your responsibility to back up and manage your private keys. That eliminates you needing to entrust your Bitcoins with third-party websites. Your keys are also stored in a specialized hardware device, which protects it from computer vulnerabilities that may arise.

The Ledger Nano is a USB-shaped small hardware wallet that emphasizes security. It costs $31. The Nano S costs $62 and adds a convenient touch screen for whizzing through your transactions. Worldwide shipping is also provided. You really can't go wrong with either wallet in terms of security. The Nano S also provide application support for Ethereum Ethereum Classic, Dash, Monero, Zcash and Doge. I am sure there are other, you just need to look for the companion apps.

Trezor Wallet

Trezor was an early pioneer of hardware wallets. The European startup SatoshiLabs is the creator of the Trezor wallet. A USB connects the wallet to your computer and it comes with an OLED display. Feels nice to store your bitcoin offline, we suggest it. Added security to your investments and speculations.

It provides you with comprehensive security features such as protection against various forms of malicious computer software and complete control over all of your Bitcoins. Your Bitcoin are stored on this specialized device offline, making them safe from hackers. There are a number of different software wallets that pair with the Trezor wallet. When you are needing to send your Bitcoins fro any of those software wallet, all you need to do is confirm that message appearing on the OLED display of your Trezor. It an't get any easier than this to confirm transactions.

Trezor costs $99 at the Trezor website and comes in 3 colors - black, grey and white.

Be sure to check our review on our home page:
http://arcanebear.com/the-best-bitcoin-wallets-ledger-nano-trezor-and-keepkey-review/

Tijo ~ @thearcanebear

The Arcane Bear