7 Best Bitcoin Wallet

7 Best Bitcoin Wallet
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This is 5 The best bitcoin wallet

1. Cubits

cubits walletFounded in 2014, it offers a whole platform to buy and sell bitcoin. They support bitcoin exchange using 17 different currencies, and they work with Onlinebanktransfer.com, Sofort, OK pay, SEPA and Swift, offering their customers a wide variety of vehicles to receive or send money after they purchase or sell bitcoin. The most important feature in their platform is 100% multi signature cold storage. Cubits uses their own bitcoins in hot wallets for transactions guaranteeing the security of your own bitcoins within offline wallets. Moreover, the cold storage is encrypted, effectively deploying an additional security ring around your coins.

2. Circle

circle walletIt was an exciting option in the bitcoin wallet industry. Circle had a hybrid system, which means that it translated transfers of fiat currency like USD into bitcoins once a transfer was made to your account, without forcing the sender to buy bitcoins at all. This made its platform a de facto payment platform as well as a wallet. To mitigate volatility while transactions were being made, Circle absorbed the risk by freezing the rates the second the transaction was initiated and until it was completed. In terms of security, Circle has all of its customer’s funds insured.

Unfortunately the company decided to stop allowing its customers to sell and buy bitcoin. Reports surfaced on Wednesday December 7th, 2016, asserting that Circle will no longer offer the bitcoin option. This Goldman Sachs funded payment service, decided to quit bitcoin because it never became a significant part of its business according to reports.

3. Coinbase

A truly exceptional bitcoin wallet and exchange mechanism, servicing 2.8 million customers in 32 countries with a total bitcoin turnover of $2.5 billion in exchanges. This wallet connects directly to your brick and mortar bank account to exchange bitcoin into and out of your local currency. It has mobile apps for Android and iPhone apart from the web browser platform. They have insurance on the bitcoin held within their servers, and offer a secure multi signature vault to store your coins. The vast majority of the Bitcoin held by Coinbase is stored cold. Coinbase recently obtained a Bitlicense from the New York Department of Financial Services, giving it freedom to operate as a virtual currency transmitter in the state of New York.

4. Xapo

xapo walletA simple, easy to use wallet that allows you access to a storage vault for your bitcoins. Based out of Hong Kong, the company offers cold storage of your funds through encrypted servers that are locked behind concrete walls, steel blast doors and radio wave blocking cages. Additionally, Xapo offers their own debit card.

5. Coinkite

coinkite walletAn innovative platform that will allow for bitcoin transfers through SMS, making transactions easier. Coinkite has a multi-signature wallet. This means that for a single transaction to take place, it has to be authenticated by a combination of multiple keys. In other words, to steal a bitcoin from your Coinkite wallet, the hacker will need all the right codes at the same time, making it nearly impossible to steal your funds.

6. Trezor Cold Storage Wallet

trezor walletA one to one digitalization of the wallet you are probably carrying with you at this very moment. Trezor keeps your funds secure by keeping them off line inside a disk on key-like device. This is a cold storage wallet. The device costs $99 USD, but it will remain under your watchful eye as you please. The wallet itself has two buttons: one to confirm an action and the other one to deny it. It is easy to use and compatible with Windows and Linux. Read Full Trezor Wallet Review.