TOP-20 Cryptocurrency and Bitcoin (BTC) Wallets in 2020 – U.Today

A cryptocurrency wallet refers to a tool created to store, manage andtransfer crypto token funds. Which style of crypto wallet serves you best?

Firstly, the best crypto wallet has very little in common with wallets, in the traditional sense: no assets are kept directly insidethe Bitcoin (BTC) wallet, neither in their classic form nor asbinary code.

A cryptocurrency wallet (crypto wallet, Bitcoin (BTC) wallet) represents a special class of computational frameworks or physical device able to authorize blockchain-based transactions. In a nutshell, it may send, receive, and operate the digital assets. The best crypto wallet reliably secures keypairs to protect cryptoinvestments.

People obtain software crypto wallets by activating an account (web client, cloud storage) or through the installation of the crypto wallet software on a desktop or portablecomputer. Also, the best crypto wallet could be developed manually, but thisrequires professional skills in Python coding.

Holders also create Hard wallets by setting up a digital gadget (hardware)and printing a keypair on paper or by engraving it on a metal plate.

When acrypto wallet is active, the user has its public key. The blockchain uses this to identify the unique address of thetoken holder. Everyone who has a public key can authorize a crypto remittance to a certain address with the sum and the name of the token required. The confidentiality of the private key is of crucial importance,the unveiling of which would put the users riches at risk.

Hardware crypto wallets constitute a high-end class of electronic gadgets that consistof a core processor, touchpad and display. It defends the integrity of keypairs and authorizesblockchain transactions. This gadget needs a USB or Bluetooth connection to your computer in order to process operations.

A software crypto wallet refers to a computational environment utilized to operate your tokens. Typically, it represents an in-browser cloud interface or downloadable program. The most secure crypto wallet develops the keypair and allows the token holder to store it in extreme confidentiality. Typically, the best crypto wallet in thisclass allows traders to conduct multi-chain token conversion.

Hardware crypto wallet

Software crypto wallet

What is it?

Portable gadget

Computer program

Is it secure?

Extremely secure

May vary from low to very high

How much does it cost?

Starts at $49

Typically, you can download onefree of charge

Is it too sophisticated for non-CS users?

No

Some software wallets have very sophisticated UX/UI

Mostly, it'sdesigned for...?

Hodlers with low diversityin their portfolio and a big sum of savings

Daily and weekly traders with a well-diversified portfolio and a medium amount of savings

The best software cryptocurrency wallets have intuitive UI/UX, a high level of security and powerful functionality.

Blockchain.com cross-chain wallet is a veteran of this market as it was proudly presented in 2011. As of today, it has been downloaded 47 million times. This giant operates $200 billion in USD equivalent. It gainedpopularity as aBitcoin (BTC) wallet, but the communities of Ethereum (ETH), Bitcoin Cash (BCH) and Stellar Lumens (XLM) can alsoenjoy its functionality. Also, it has block explorers for Bitcoin (BTC) and Ethereum (ETH) blockchains.

Coinbase is the second mogul of our industry. It was establishedin 2012 in the U.S. by Brian Armstrong and Fred Ehrsam. It pioneered the sphere of direct credit card deposits. Now it supports the crypto king as well as altcoins: Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Eos (EOS), Tezos (XTZ) and its native stablecoin USD Coin (USDC). Furthermore, it delivers processing services to corporate entities.

Opera portable computercrypto wallet is a pioneering native browser app for iOS and Android devices. The flagship currency, Ethereum (ETH) and Ethereum-fam ERC tokens are in its toolkit. This solution allows Opera to support online payouts in cryptocurrency, to browse Ether-based dApps and to send money between wallets.

TheVexel team deliversa one-stop-shop ecosystem for crypto remittances fueled by fiat gateway. Besides theflagship coin, Ethereum (ETH), Bitcoin Cash (BCH), Dash (DASH) and Litecoin (LTC) are welcome. Visa and Mastercard transfers are supported with reasonable fees (1.2%). Users can operate their funds through both mobile and web apps as well as with a Telegram bot. Unique Vexels (anonymous cryptocurrency vouchers) allow merchants to build a Blockchain-as-a-Service-powered payment system for their B2B and B2C entities.

Try Prizm, a one-size-fits-all multi-blockchain software wallet with a web client, crypto wallet app for Apple, Windows and Android OS. Prizm processes the flagship currency and nine major altcoins including itsnative PRIZM (PZM). Prizm wallet is characterized by an attractive interface: it allows users to launch numerous accounts in a single click, to generate a remittance QR-code. The Prizm team created a cutting-edge security toolkit: Face ID, Touch ID, seed phrases.

Guarda Wallet is one of themost secure crypto wallets: 45 high-demandprotocols and tons of tokens are on board. It works as a multi-platform crypto wallet app andGoogle Chrome plug-in. A full range of operations with Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Litecoin (LTC) and many other types of assets are on Guarda Wallet'sservices. Guarda Wallet integrates the Ledger hardware wallet (see below - U.Today) and pioneered multi-sig authorization of Bitcoin (BTC) transactions.

Wallet

Date Launched

Interfaces

Custodial / non-custodial

Killer feature

Blockchain.com

2011

Web client, mobile crypto wallet.

Custodial

Native BTC and ETH blockchain explorers

Coinbase.com

2012

Web client, mobile crypto wallet

Custodial

Operations for corporate clients

Opera

2018

Browser wallet

Custodial

First browser with a built-in wallet

Vexel

2019

Web client, mobile crypto wallet, Telegram bot, desktop apps

Non-custodial

Telegram bot, anonymous crypto vouchers

Prizm

2017

Web client, mobile crypto wallet, desktop apps

Non-custodial

Paramining passive income program

Guarda Wallet

2017

Web client, mobile crypto wallet, desktop apps

Non-custodial

Multi-signature authorization of BTC transactions

The best hardware crypto wallets ensure the most secure crypto wallet safety for meaningful crypto savings. If this class of electronic instruments seems attractive for your strategy, look through our detailed guide on hardware wallets.

Ledger Nano X is a high-end gadget with 100+ applications on-boarded that accesses a wide rangeof currencies. One of the most secure crypto wallets in this market, Ledger Nano X supports 1250+ ERC-20 tokens and all of the behemoths you may need - digital gold, the second blockchain, XRP, Bitcoin Cash (BCH), as well as Stellar Lumens (XLM) and EOS.

Trezor Model T was announced by Satoshi Labs in 2018. Equipped with a high-res color touchscreen display, its interface is strikingly different from all competitors. This device is the perfect storage for Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Ethereum (ETH), Bitcoin Cash (BCH), XRP, Monero (XMR) and Cardano (ADA).

Trezor ONE crypto hardware wallet represents the initial stage of Trezor devices announced six years ago. Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Ethereum (ETH), Bitcoin Cash (BCH) and a plethora of Ethereum-based ERC-20 altcoins can be easily accessed by its users.

Ledger Nano S crypto hardware wallet tracks its history back to June 2016. Ledger Nano S works with Bitcoin (BTC) and all of the most-demanded altcoins: Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH). It merges the performance of 3 - 7 applications to process the assets of top-demanded blockchains simultaneously.

Simply put, the best hardware cryptocurrency wallets are those from theindustry leaders, Ledger and Trezor. Ledger Nano X andTrezor Model T are first-choice tools for the old hands while their smaller brothers, Ledger Nano S and Trezor ONE offer more common solutions for the average Joe.

And to close this list off,here is thedigest of thetop crypto wallets U.Today preparedone year ago:

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TOP-20 Cryptocurrency and Bitcoin (BTC) Wallets in 2020 - U.Today