Best Bitcoin Wallets

oliverchloe
2022-10-21 09:18:37

FAQs
Methodology
BEST FOR BEGINNERS
Exodus

OPEN ACCOUNT
Type of wallet: Hot wallet
Purchase cost: Free
Compatible hardware wallet: Trezor
Incorporated exchange: Yes
Exodus is a desktop and mobile wallet with a very simple user interface and an exchange built-in. One of Exodus’s most popular features is the ability to swap between a growing number of cryptocurrencies. Exodus currently allows for swaps between over 100 different cryptocurrencies.

With its simplicity, this wallet is great for beginners just getting into the crypto space. It also has great support, which is an essential feature for beginners getting into what many would consider a confusing market.

While it is great for beginners, more advanced users may find it lacking in some features. First, Exodus is a closed source wallet. This goes against the ethos of the idea of Bitcoin and blockchain and can create some security concerns as its code is not open for everyone to see. Instead, users rely on the Exodus team to ensure there are no holes in the security of its wallet.

AndreasMAntonopoulos
2022-10-21 09:19:05

Yes sir you are right the hardware wallet is the best of the few wallets in cryptocurrency.  And more security is a complete wallet that is much less likely to be hacked.  So we use a lot of hardware and a lot of secure wallets.