Usually, people utilize the cryptocurrency wallet given by digital currency exchange. But the features of these wallets are minimal compared to a dedicated e-wallet. The majority of the famous digital currency exchange only provide custodial wallets, restricting users’ control over their funds. If you want to start bitcoin trading check the www.bit-iq.de more details.
In short, a dedicated bitcoin wallet is essential for a better experience in the digital currency industry. However, if you get confused when choosing a cryptocurrency wallet with all the necessary and fancy features a user needs, check the below-listed bitcoin wallets.
Exodus is amongst the best cryptocurrency wallet that does not charge any money from the user. Advanced and novice users prefer to use this cryptocurrency wallet over other wallets because the number of digital currencies supported upon this exchange is vivid. Moreover, one of the great features of this wallet is that you don’t need to sign up on a dedicated cryptocurrency exchange to perform any operation regarding digital currencies.
Exodus is one of the few cryptocurrency wallets equipped with dedicated customer care support. The feature ranking down exodus in the list of best cryptocurrency wallets is its closed source code. Exodus has advanced features like customization of exchange on every transaction. Many cryptocurrency users are against the closed source code feature of this wallet. Exodus automatically decides transaction fees for every transaction, and based upon the signal strength and market conditions; you can decrease this exchange.
Exodus and electrum have many similar features, but advanced users prefer electrum more because of its open-source code nature. It is the mere prominent difference between electrum and exodus. As discussed above, the features of both these wallets are the same, so you can also set up the transaction fees in every transaction using this wallet. A drawback of the electrum wallet is that it merely supports bitcoin transactions. To perform transactions in other digital currencies, you have to install other wallets.
Electrum is not equipped with a graphical user interface, making this cryptocurrency wallet less convenient for beginners. Unlike exodus, this cryptocurrency wallet is not equipped with dedicated customer care support. Electrum went live when there were no dedicated bitcoin wallets. The developer of this wallet keeps updating the existing system as it now has features like double factor authentication. Features like multi-sig are correspondingly present in this wallet. Moreover, electrum permits you to opt for either a serrated witness or the authentic bitcoin legacy for executing transactions.
Mycelium is one of the rarest wallets allowing free cold storage to the users. Mycelium supports a hardware wallet, and you don’t have to pay any extra charges to access this feature. Mycelium is merely an android and iOS-based cryptocurrency wallet and is not compatible with cross platforms like desktop, mac and Linux. Mycelium is correspondingly equipped with an open-source, just like electrum. The UI is a bit hectic for this cryptocurrency exchange, and not everyone gets it the first time.
The cryptocurrency wallets above are hot, and only mycelium is equipped with a cold storage feature. However, the ledger has launched two famous cold storage wallets named Nano S and Nano X. the price of these wallets varies drastically. For example, Nano X is double in terms of price compared to the Nano S, and evidently, the features are also more in Nano X. Nano X is equipped with Bluetooth support. In short, you don’t need a USB cable to connect this hardware wallet to your mobile phone.
Like the hot wallets above, the ledger also has a dedicated inbuilt exchange. In addition, the ledger has claimed that Nano X supports more than 2000 cryptocurrencies, whereas Nano.
S supports a lesser number of digital currencies. Ledger Nano X is equipped with both a C type and a type USB, and you can connect it with every smartphone. These wallets demand no specification in the smartphone. Another famous name in the hardware wallet industry is Trezor Model T. t
The above-listed portion explains details about the best cryptocurrency wallet. If you are a dedicated bitcoin user, you can go with an electrum cryptocurrency wallet.