Top five Best Bitcoin Beginner Wallets

Earlier I had written a list of the Top five easiest ways to buy bitcoin. Even the bitcoin beginner is warned against storing coins online in exchange wallets. After all, we are living in the fresh age of cyber warfare. I’ve put together another list this time around: the top five easiest and safest wallets for beginners to store bitcoins. If you want a more comprehensive comparison, checkout this bitcoin wallet comparison chart and reviews.

Five. Mycelium

A good mobile wallet for Android and iOS users. If you are just kicking off with Bitcoin, Mycelium is has a ordinary UI that is effortless to navigate. The Bitcoin keys are stored on your phone meaning you have utter control over your Bitcoins. Furthermore, you are provided with a seed when you very first register the wallet which should be written down and stored in a safe place. In case you liberate your phone, you could recover the wallet using the secret twelve word seed.

Four. Multibit

Multibit is a software wallet. Like other software wallets, it encrypts your private key with a handy save to USB option. The thing that makes Multibit stand out is that is doesn’t need to download the entire blockchain to access, send, or receive bitcoins. Instead, it is connected directly to the bitcoin network and only has to download a puny section of the blockchain, which enhances its speed tremendously. This also enables it take up less hard drive space on your computer. It is available to numerous platforms.

Three. Blockchain Wallet

While it’s not the most unsecure wallet out there, it’s coming in at number three, due to the fact that it’s the most known. This has made Blockchain Wallet the fattest target for hackers looking to steal your bitcoins. Blockchain is aware of this, and has implemented client-side AES encryption, which protects your walled from a hack of the server. This wallet supports offline transactions as well, and a dual encryption process along with two factor authentication. Blockchain Wallet also lets you back your wallet up onto Google Drive or Dropbox, and lets you download your wallet by hand. To help combat server hacks, they have set up regular off-site server side backups every hour. They even have a mobile wallet, as do the rest of the wallets on the list.

Two. Breadwallet

Breadwallet is a good wallet for iOS users. Just like the Mycelium wallet it stores your Bitcoin keys on your phone providing you total control over your funds. Furthermore, breadwallet uses fingerprint or a passcode in order to lock the wallet.

1. Electrum

This is the best wallet for desktop users, forearms down. The feature that drove me toward Electrum in the very first place was the fact that you can open numerous wallets using the same seed. You can also create and sign transactions without being connected to the internet. In addition you have the option of downloading a “root public key” that you can use with mobile applications to monitor your Electrum wallets.

The UI is super effortless to use and is not only tailored to beginners but also has advanced functions. It is a definite must attempt if you are looking for a multifunctional wallet to hold your funds.

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