Best crypto wallets to use for Bitcoin: From Coinbase to Exodus
A CRYPTO wallet can help store your Bitcoin or other virtual currencies.
There are a few ways to hold Bitcoin or other virtual currencies when you are buying or selling the virtual coins. Here is our pick of the best crypto wallets.
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Users can set their own transaction fees, which can mean trading takes longer as you have to wait for someone to agree to your rate when processing a transaction.
Mycelium is only available on smartphones so you can't access it on a desktop and the main cryptos you can hold are Bitcoin and Ethereum.
Cold wallets are more pricey than storing your cryptos online as you have to pay for a USB or other hardware.
These devices can cost hundreds of pounds.
There is a low cost option if you want to store your cryptos offline though.
The Ledger Nano S costs £41 and can hold data on more than 1,500 cryptocurrencies.
What is cryptocurrency?
CRYPTOCURRENCIES are a form of payment that can be exchanged for goods and services.
They work using a technology called blockchain.
Blockchain is a decentralised technology spread across computers that manages and records transactions. Find out more about cryptocurrencies below..
- What is Bitcoin and will BTC's price rise?
- What is Ethereum and will ETH reach $10,000?
- What is Cardano and will ADA reach $10?
- What is Litecoin?
- Why is Bitcoin bad for the environment?
- Who is Bitcoin creator Satoshi Nakamoto and what's his net worth?
- Best crypto wallets to use for Bitcoin: From Coinbase to Exodus
- Where to buy cryptocurrency?
- What is Dogecoin and will DOGE reach $1?
- Will Polygon (MATIC) reach $10?
The price of Bitcoin slumped again this week after former US President Donald Trump
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It comes as El Salvador became the first country to recognise Bitcoin as legal tender.
See what new crypto regulations could mean for investors.