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Bitcoin Wallets


You have now came to an important page, "WALLET"

That's right, you need an wallet to make any kind of bitcoin transactions.
Wallet is used to make transactions, such as to "send payment" & "receive payment".

So we listed some famous bitcoin wallets for you to create one.


COINBASE

Summary: Coinbase is the leading exchange service today in buying and selling Bitcoins. It was founded in 2012 and since then has received over US$31 million in venture capital funding. The Bitcoin exchange service is available in 19 countries around the world. Their Online wallet is beginners friendly but the fact that the company holds your funds is can be somewhat risky. Having said that Coinbase has recently launched their Vault service which denies the company control over your funds.

Pros: Beginner friendly, ability to add funds from within the wallet. Established and respectable company.

Cons: Company has some control over your funds (depends if you’re using Vault). Not supported worldwide (yet).


XAPO

Summary: Xapo is a web-based wallet system, so alls you need to access it is a web browser and Internet connection. Xapo is known for having reasonably advanced privacy and security features, especially for a web-based wallet. The company supports payments through a debit card system, making it easy to spend your Bitcoins. The app is also friendly for newbies, so if you’re new to Bitcoin, give Xapo a close look.

Pros: Xapo debit card system allows you to use Bitcoin ATMs and spend at merchants across the world.

Cons: Web-based wallets face extra security threats, and you won’t be able to manage your Bitcoins without a Internet connection.


BLOCKCHAIN

Summary: The most popular Bitcoin wallet today, Blockchain.info allows you to send / receive Bitcoins through your browser or mobile phone. This is what’s known as a hybrid wallet – meaning the company stores your wallet online but they do not have access to your private keys. However since the wallet is loaded from their servers some trust in the company is still needed. Recommended for beginners who are trying out Bitcoin.

Pros: An established and trusted company in the Bitcoin community, good interface, available for mobile and web.

Cons: 3rd party trust required, hard to make completely anonymous payments.


MYCELIUM

Summary: MyCelium is a popular mobile app wallet that features a wealth of advanced privacy and security features. Yes, the wallet can be a bit complicated for newbie users but it’s still one of the safest and fastest on the market. As an open source software program, MyCelium is constantly being upgraded. While MyCelium is primarily a hot wallet, there are some cold storage features for Bitcoin users looking to put their wealth on ice.

Pros: Advanced privacy features make this app great for people looking to stay anonymous, and advanced security features will help keep your Bitcoin wealth secure.

Cons: No web or desktop interface, so you’ll have to use your smart phone to access this app. MyCelium is also better for more advanced users, so keep that in mind.


BITCOIN CORE

Summary: Looking for a desktop solution for your Bitcoin wallet? If so, Bitcoin Core is worth a consideration. Bitcoin Core offers a lot of security and privacy features, and supports complete transparency. Bitcoin Core is well-regarded for being a stable system, though it can use up a lot of memory and space on your computer. Still, for modern computers the hardware requirements are rather low.

Pros: Features plenty of security and privacy features and offers a highly stable system.

Cons: No mobile app and no web interface makes it difficult to use this wallet without having your own personal computer on hand. It also requires a lot of free space to store the whole Blockchain.


MULTIBIT

Summary: Multibit is a fast, lightweight client that comes in a variety of languages and can be set up and put into use within only a few minutes. Compared to other advanced wallets, Multibit is known for being user friendly, though could still be a bit difficult for newbie users. This is a good choice for people looking for a fast and flexible Bitcoin wallet.

Pros: Fast, lightweight, and easy to set up.

Cons: Privacy features are known to be weak and security features could be improved.


ELECTRUM

Summary:This fast, lightweight desktop app is a good choice for someone using older and less powerful computers for their bitcoin storage. The most processor intensive parts of the wallet are handled by remote servers. Electrum is well regarded for its advanced security and privacy features, and users can even recover their wallet with a secret pass phrase, though some people would prefer a wallet that doesn’t rely on remote servers.

Pros: While many apps are processor intensive, Electrum is known for being fast and light weight.

Cons: Not friendly for newbies, and the reliance on external servers could present security threats.


ARMORY

Summary: Armory is a well-known and trusted brand when it comes to Bitcoin security, though the app is usually best for more advanced users. If you are looking for an app that emphasizes safety and security, Armory should make the short list as the app features a variety of encryption and cold-storage options. Armory is among the most respected brands when it comes to Bitcoin security.

Pros: Very flexible and adaptable to just about any situation. Offers industry leading security features.

Cons: Requires advanced user knowledge and is not known for being user friendly.


COINKITE

Summary: CoinKite is another newbie friendly, online only app that allows you to spend your Bitcoins at various merchants and provides ease of use with numerous other features. CoinKite does require you to surrender control of your Bitcoins to the company itself. The service does feature some advanced security and privacy features, and also payment services that make it easy to spend your coins.

Pros: Easy-to-use and easy to access system that allows you to spend your Bitcoins with little effort.

Cons: Surrendering Bitcoins for third-party control carries a lot of risks and extra security hazards.


GREEN ADDRESS

Summary: A user favorite, Green Address allows you to access your Bitcoins through a variety of methods, including online, through a mobile app, or through a desktop client. Better yet, Green Address’s is well regarded as being user-friendly. This makes Green Address one of the most flexible wallets around. Supports multi-signature features and has strong security and privacy features.

Pros: Very flexible and very easy to use, making Green Address a top choice for newbies.

Cons: Requires the use of a remote app loaded from another location, and shared control over your Bitcoins (meaning the third-party has to approve payments).


HIVE

Summary: Hive features one of the most elegant and beautiful interfaces out there. Not only is the app nice to look at, but it’s also very user friendly, making it a good choice for newbies, at least from the perspective of use. Even better yet, you can use the web, a desktop client, or a mobile client to access Hive. There are some security and privacy concerns, however, as the service relies on remote servers and centralized validation.

Pros: Very flexible, beautiful, and easy to use, making it a good choice for newbies and advanced users alike.

Cons: Reliance on remote servers and central validation does present some security threats.


BITGO

Summary: BitGo is known for its high levels of security and is a multi-signature wallet. This means that every transaction will require two-factor identification, which can go a long way in protecting your wealth from malware, hackers, and server attacks. Oh, and these keys are held by users, not BitGo, so they have no easy access to your stash.

Pros: A high level of security in a relatively easy and non-technical package.

Cons: Two-factor identification can create a hassle and the service does rely on central verification.


BREAD WALLET

Summary: BreadWallet is one of the newest apps on the market, and is designed specifically for Apple’s iOS system. This decentralized wallet offers a simple-to-use interface and a secure environment, along with basic privacy features that should help you keep your identity protected.

Pros: The apps’s simplicity should make it a top option among iOS users.

Cons: This is a newer app and so hasn’t built up a reputation or standing in the community just yet. Only available on iOS for now.


AIRBITZ

Summary: Airbitz is a decentralized, secured and backed up Bitcoin wallet. The promising notion about it is that neither Airbitz or any other 3rd party can access your Bitcoins, so it’s fully independent. The nice thing about Airbitz is that it also supplies you a directory of Bitcoin accepting businesses around you. Also it seems that a lot of thought was put into the user interface to make the experience of using Airbitz as simple as possible.

Pros: Beginner friendly, bitcoin accepting business directory, decentralized.

Cons: Unestablished brand, no web interface (mobile only).


Above article is taken from 99BITCOINS

To learn more, visit 99bitcoins.com

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