What is The Best Bitcoin Wallet?
Prior to Bitcoin, there had already been in existance many attempts at digital currencies, both governmental (e-banking, paypal, etc…) and privately mainly for gamers and other products/services utilizing some sort of fantasy credits. A good example is amongst players in Second Life, where they need to exchange FIAT for Linden Dollars.
Mastercard & Visa were pioneers in helping drive the digital currency adoption, in later years, this digital money trend was followed by non-banking financial platforms such as PayPal, PerfectMoney, Skrill, and many more. In today’s day and age, most of our banking is done online.
we already live in the “crypto” digital age… the only problem is: we’re putting our trust into someone with our hard-earned money!
Bitcoin’s whitepaper was released in 2008, right after the global financial recession hit… and it was invented by an anonymous figure: Satoshi Nakamoto.
Here are the stronger reasons why Bitcoin will continue growing within our society:
1. Blockchain Technology
Wikipedia
Bitcoin is the world’s first successful use-case utilizing this new technology… oh yes… did we mention that the first Blockchain was coded for a protocol called: Bitcoin.
2. Anonymous Creator
There are guesses of who invented Bitcoin, but the reality is that nobody really knows … Had the creator publicly announce his/her self, the likelyness of him/her NOT getting arrested for creating a financial tool that goes against the FED is very unlikely!
3. The Community
Regardless of what you hear on non-crypto news, the Bitcoin community keeps on growing, as more and more individuals are embracing it as a form of investment asset. It was all thanks to the original Anarchists, Libertarians and other politically-opposed individuals and events that led to the rise of one of the world’s strongest communities!
Bitcoin has gotten the unofficial label of Gold 2.0!
4. Own Your Money
Did you know that when you deposit your hard-earned money into your bank account… you allow them to use that money for market making and investments, even if you didn’t know anything about this… go ahead and re-read that 15-page contract you signed when you opened your account.
Keep your Bitcoin offline and off exchanges. The average crypto-exchange operates 2-4 years before they exit-scam.
HARDWARE WALLET
Ledger was launched in 2014 by eight experts with complementary backgrounds in embedded security, cryptocurrencies and entrepreneurship, united around the idea of creating secure solutions for blockchain applications when this market was still in its infancy.
Today, this brand is THE MOST trusted source of storing your Bitcoins and many other Altcoins offline and away from the general public. Ledger is the preferred brand within the Crypto space for starting Investors, family office & Investment firms, CryptoWhales and for of course, FOR YOU!
VERY IMPORTANT! BACK-UP YOUR PRIVATE KEYS!
PAPER WALLET
Another very safe way to store your Bitcoins (and Altcoins), is on a paper wallet. The major difference between a USB hardware wallet VS the paper wallet, is that with this method, users are able to make in-store purchases with their CryptoCurrencies (with merchants who accept BTC of course!).
You can order a paper wallet through Directblockchain.net and have it shipped right to your front steps!
VERY IMPORTANT! BACK-UP YOUR PRIVATE KEYS!
DESKTOP WALLET
Hopefully by now you are familiar with the term “wallet”, and the titles should be really self explanatory… as for the desktop wallet, you download a software and store your Bitcoin and Altcoins on your hard-drive.
VERY IMPORTANT! BACK-UP YOUR PRIVATE KEYS!
MOBILE WALLET
The amount of Crypto wallets available in the Apple Store, Google-Play & Android is vastly increasing on a daily basis… so how do you know which one to download and trust?
VERY IMPORTANT! BACK-UP YOUR PRIVATE KEYS!
WEB WALLET
The web wallet is the unsafest one of them all. This type of wallet involves you putting your trust into a central-power, such as Binance (Crypto exchanges) & Bitcoin peer-to-peer trading platforms to ensure the safety of your hard-earned money.
In Summary:
There are many more wallet brands out there, and many being built on a daily basis worldwide. In short, we’ve described all of the wallets that we personally use, and we tend to use those that have positive reviews from within the Crypto community.
If you have more questions, don’t hesitate to contact us by reaching out directly to us in the lower right corner.
