The best wallets of 2017

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The best wallets of 2017

If you are interested in the future of digital payment, you probably have already heard about cryptocurrencies. For anyone wishing to begin their foray into this form of transaction, the first step is to obtain a wallet.

Cryptocoins can be stored in a wallet, the cloud, or your computer. Each time, users need more options, including not only improvements in security but also the possibility of storing various cryptocurrencies.

The best wallets of 2017

1. Coinbase

Platforms: Web Browser, Android, iOS

Coinbase is an exchange service, but it’s also a wallet in which users can trade different coins like bitcoins, ethers, and litecoin. It has over 35 million registered wallets in almost 20 nations worldwide.

One of the advantages offered by Coinbase is that it allows you to change your coins for dollars or euros through the Instant Exchange function, which is very convenient if at some point you need cash and do not want to resort to an alternate currency exchange. Coinbase also allows you to send payments or collections by mail to third parties, manage your coins in an integrated manner, and most important of all; it gives you a very safe and easy-to-use wallet.

Advantages

  • The vast majority of digital assets are stored in a secure offline storage.
  • It works on Android or iPhone, in addition to your web browser.
  • An insurance policy covers the digital currency stored in the Coinbase servers.

2. MyCelium

Platforms: Android, iOS

MyCelium is a popular mobile application for smartphones that, in addition to integrating a digital wallet, has a large number of advanced options in terms of privacy and security. The wallet can be a bit complicated for novice users, but it is still one of the safest and fastest in the market.

Being an HD (“Hierarchical Deterministic”) wallet, Mycelium provides you with a 12-word backup seed key that you must write somewhere and keep it safe. In case your mobile device is damaged or lost, this backup key will allow you to recover your assets.

Advantages

  • Compatible with Ledger Nano S, KeepKey and Trezor wallets.
  • 100% control over your private keys. Keys never leave your device unless you export them.
  • HD (Hierarchical Deterministic) wallet enabled, so you can manage multiple accounts and never reuse addresses.
  • Ultra-fast connections to the Bitcoin network through the Mycelium supernodes.

3. Xapo

Platforms: Web Browser, Android, iOS

Xapo is a web-based wallet, so all you need to access it is a web browser and Internet connection. The wallet is known to have advanced security and privacy features, especially for an online wallet: Xapo uses offline servers that are never connected to the internet, which gives it an advantage over other web-based wallet systems.

Xapo also offers the world’s first bitcoin debit card. In summary, Xapo is a pretty safe bitcoin wallet. It allows you to buy bitcoins, make purchases and send bitcoins to any part of the world and best of all: it offers you a debit card to facilitate all your transactions.

Advantages

  • It offers a debit card associated automatically with your wallet.
  • The Xapo debit card allows you to use bitcoins for all your expenses, purchases and cash withdrawals at ATMs.

It allows buying bitcoins through local banks. Cold storage system (cold storage) to offer greater security to all your bitcoin assets.

  • The application is friendly for newbies.

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