Bitcoin may be digital cash, but it has a lot in common with the paper currency you carry with you. Both BTC and fiat money can be bought, sold, traded, or stored in a wallet. A Bitcoin wallet is a digital wallet.
Using this guide you’ll be able to set up your own secure Bitcoin wallet to safeguard your Bitcoin and other cryptocurrency holdings. The eToro Money wallet is our pick for the best Bitcoin wallet of 2022.
Best Bitcoin Wallets in the US
1. eToro Exchange Wallet
eToro is among the most reputable and well-known brokers in the US, UK and worldwide. Along with its multiple assets available for trading, it also offers cryptocurrencies that you can buy and sell without paying any commissions. The only trading fee you need to pay is the difference between the buy and sell prices. Plus, there are lots of other exciting and reliable features eToro offers to its customers.
First and foremost, in this case, is that apart from your trading account, you can also get access to eToro’s crypto wallet called Money. It’s among the world’s safest and best Bitcoin wallets, with high-level security features. Also, with the Money crypto wallet, you can always be sure to recover your private keys free and quickly if you forget them.
The wallet gives you access to 120 cryptocurrencies that you can buy, receive, send or transfer. Plus, you can also stake crypto assets such as ETH, ADA, TRX and get rewards from holding them for a certain period of time.
As for the security of your trades and assets, both the platform and the wallet are regulated – Its wallet is regulated by GFSC, while the eToro exchange is regulated by 4 top tier authorities – the FCA, CySEC, ASIC and the FSCS. eToro also stands out with its good customer support service that includes phone and email contact too.
2. Huobi wallet
Huobi Wallet is a secure and professional bitcoin wallet that employs cutting-edge technologies to improve secure asset management and protection. This wallet assures the protection of every user’s assets from different security threats by leveraging the Huobi Group’s cumulative security expertise and blockchain technology development.
Huobi Wallet’s updated and improved version has a more proficient user interface. After launching the app, you can explore assets and make quick transfers from the home screen. Users can add their favorite coins to the app along with the top eight coins (BTC, ETH, EOS, TRX, USDT, and so on).
In this Bitcoin wallet, users have control over their private keys, which the company never sees. There are numerous backup options available to protect against loss or theft. The process of creating an account is simple, and the functionality is user-friendly, thereby permitting clients to easily access their crypto balances.
The wallet also supports multi-signature and allows multiple people to jointly manage digital assets. Apart from Bitcoin, it supports a plethora of cryptocurrencies on its platform, including Ethereum, Ripple, Tether, Litecoin, Dashcoin, Dogecoin, Bitcoin cash, USD coin, and much more.
3. Crypto.com wallet
Crypto.com DeFi Wallet is the best Bitcoin wallet for storing, earning, and growing your cryptocurrencies. It is a non-custodial wallet that provides access to a comprehensive set of DeFi services in one location. In this wallet, your private keys to Bitcoin are encoded locally on your device using Secure Enclave and are safeguarded by biometric and two-factor authentication. Here, you have complete control over your private keys here.
You can send cryptocurrency to anyone at your chosen confirmation pace and the network fee. Users can send and receive more than 500 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), DeFi coins such as Uniswap (UNI), Compound (COMP), Yearn finance (YFI), stablecoins, and other ERC20 tokens. ERC721 and ERC1155 Ethereum-based NFTs are also supported on this wallet.
The Crypto.com DeFi Wallet helps to discover DeFi projects in a simple and secure manner. With DeFi Earn, you can deposit and obtain the highest returns on your DeFi tokens. Aave Lending V2, Yearn Earn V2, Compound, Cosmos Staking, and native CRO Staking are all consolidated with DeFi Earn.
This wallet also has a multi-wallets function through which you multiple wallets under the Defi Wallet App by making new wallets or importing existing wallets. You can connect your Crypto.com DeFi Wallet to the Crypto.com App with your preferred wallet for gaining access to Crypto.com’s various crypto financial products.
4. Coinbase Exchange Wallet
Coinbase is another worldwide known cryptocurrency exchange that also offers a separate crypto wallet known as Coinbase wallet. The latter exist standalone, and you don’t have to open a Coinbase account to have a Coinbase Wallet. Still, you can link your wallet to your Coinbase account and quickly transfer your funds between them.
With your Coinbase Wallet, you can store your crypto coins in one place and get access to more than 500 cryptocurrencies and several NFTs, take part in ICOs, shop at the stores where they accept cryptocurrencies, send crypto to any part of the world, and not only. Among the essential features of the platform offers is its easy and simple-to-use interface. Another crucial thing is your security – Coinbase Wallet protects your private keys with high-standard security systems, including Secure Enclave, biometric authentication, and optional cloud backups.
5. Binance Exchange Wallet
Binance is a cryptocurrency exchange and a peer-to-peer marketplace that offers users a vast selection of digital assets.
To store these cryptocurrencies, Binance also offers one of the best Bitcoin wallets used by already 10 million people around the world. It interacts with several blockchain wallets and crypto tokens and it has a mobile app that you can install on your device and use to store, receive, exchange, and send hundreds of cryptocurrencies.
Additionally, Binance Wallet not only allows you to store your cryptos but also gives you the opportunity to earn rewards by staking your coins. At the time of writing, Binance supports locked staking of 76 different cryptos.
For Americans, there’s Binance US which has the same features as Binance.
For those who prefer to use a hardware wallet and have a larger amount of bitcoin to store, we have selected two of the best-known cold storage wallets. The first one is Trezor, a small-sized device able to hold different types of cryptos, such as Bitcoin, Ethereum, Ripple, Cardano, Zcash, etc. Launched in 2014, it was the first hardware wallet that offers secure storage for your BTC and other crypto assets.
You can get Trezor for under $100, and the package also includes a USB that connects the small device to your computer. You will also get a list where you should create a 24-word security code for your Trezor that later you can use to recover your wallet in case you lose your Trezor. The device stands out with excellent privacy, and even the company producing it cannot track how you use it as long as there is no serial number written on it.
7. Ledger Nano S
Ledger Nano S is a trendy hardware crypto wallet that became so famous due to some of its features. First and foremost, it’s known as one of the most secure wallets to store your bitcoin, and only a few cases are known when it was hacked. It’s a compact device that is used and packed easily and has built an excellent reputation so far.
Similar to the Trezor wallet, when you get your Ledger Nano S, you create a code consisting of 24 words that you can use to recover your private keys in case you lose your physical device. As for its functionality, you can use Nano Ledger S to store almost 1100 tokens and cryptocurrencies.
Twenty-three of these digital currencies are backed by Ledger itself, while other crypto assets are available with the help of third-party apps. As for its cost, you can buy a Nano Ledger S hardware wallet for under $60.