One of the very first questions many newcomers to Bitcoin or crypto will ask is “which is the best Bitcoin wallet to store crypto?”
These days, users are spoilt for choice. There are literally hundreds of wallets, whether they be software, hardware, applications or online services that you can use to store your Bitcoin. And with Bitcoin now riding a price rally that doesn’t look like it’ll end any time soon, naturally Bitcoiners everywhere will want the best and safest option for their precious digital assets.
Hardware wallets — the benchmark for crypto protection
Hardware wallets like LEDGER and TREZOR continue to be the go-to favorite for those seeking to keep their Bitcoin in the most secure storage possible. Despite many other companies coming up with their own solutions over the years, Trezor and Ledger have maintained a solid reputation for robust yet affordable consumer hardware devices that maintain Bitcoin in a wallet offline.
And that is what hardware wallets really do, in a nutshell. Keep the Bitcoins as far away from an online connection, since it is only through connecting with the internet that your private keys and other data could be vulnerable to malicious attacks such as phishing or keylogger attempts that would then allow a hacker to steal your coins.
It’s a simple yet effective strategy. If your wallet doesn’t connect to the Internet, then there’s no way anyone can pry into it. This is why many long-term holders and even companies that manage large amounts of Bitcoin resort to storing those on hardware wallets.
Not for everyone
But if you’re a typical Bitcoin user active in the crypto economy, then you likely will want to be able to use your Bitcoin often and easily. This will require you to access your Bitcoin wallet frequently, and for amounts that probably will be small in comparison to what you’d set aside for long-term savings.
This is where hardware wallets stop becoming practical, since accessing your crypto from them would require you to connect your hardware device to the internet, to broadcast your transactions to the Bitcoin network, or to interact with other services. Inconvenient, for one thing, and putting the rest of your crypto on the hardware wallet at risk, for another.
In fact, using only a hardware wallet even for trivial amounts — say, paying for a cup of coffee with Bitcoin — could even be dangerous to users. Imagine having to whip out your Trezor or Ledger in a cafe to spend a few thousand satoshi… you’d simply be advertising to the world that you own crypto, and could even be inviting a robbery on your person!
Bitamp Wallet — the secure Bitcoin wallet for use on the go
One Bitcoin wallet that we really like is the Bitamp wallet, which is a web wallet that anyone can access from the convenience of a mobile device like smartphone or tablet. It’s totally device agnostic, which means you can access it as long as you have a browser.
This immediately opens it for practical day-to-day use as we mentioned before. Paying for a coffee, sending a few dollars to a friend directly, or even just retrieving a new wallet for yourself for one-time use. And no one would even know you were using Bitcoin since all they’ll see you do is take out your phone and use it.
Bitamp even works offline — once you’ve saved the webpage. Creating a new wallet takes literally one click, whereby an algorithm will generate your private keys and seed phrase for immediate use. You can of course easily restore this wallet to any other type of Bitcoin wallet or app later on.
No need to install any application, no need to download any software, and no need to display incriminating hardware devices. You can generate as many Bitamp wallets as you want, they’re perfect for single use, like throwaway addresses for increased privacy. All information is also always on the client side — meaning that no information is ever transmitted to Bitamp, and stays only on your device. Of course, this does mean that your device should be secure, so make sure your phone or tablet or computer’s browser isn’t infected by malware before using Bitamp!
There are many features on Bitamp that would put even some Bitcoin apps to shame! You can choose a transaction fee on 3 different settings, prioritizing urgent ones. You can even access ALL 3 types of addresses from a single wallet — legacy, P2SH, and native Segwit!
Did we mention Bitamp wallet is open source? Something many wallets still fail to do, Bitamp source code is openly available for examination, so you can verify for yourself that it is all that it says it is. Just like how all Bitcoin users should!
Try out Bitamp for yourself, and see just how easy it is to send, spend, receive, and store Bitcoin from the convenience of a browser.
