Finding the right Bitcoin wallet can be difficult for beginners.
But don’t worry, as this guide will make it clear which Bitcoin wallet is the best for you.
Some factors that should go into choosing the best Bitcoin wallet for someone in the United States are:
- How often do you plan on making transactions?
- How much are you willing to spend?
- Do you want a hardware or software wallet?
Depending on these factors, certain wallets are better than others. Now that you know what factors go into a good Bitcoin wallet, let’s start discussing your different options.
The Ledger Nano S is one of the most popular options and allows users to store several currencies including Bitcoin. The Ledger Nano S is popular in the United States, even though the company is based in France.
The wallet costs around $100 and has free shipping. Expect the wallet to be delivered to the US in 1-2 weeks after purchase.
What is the Ledger Nano S Good For?
The Ledger Nano S is one of the most secure wallets out there. This is due to it being a hardware wallet. Hardware wallets have an extra line of defense over software wallets in that they need to be held in person for any coins to be moved off the device.
The fact that the wallet is so secure makes it a great long-term storage option. For those looking to make Bitcoin transactions every day, this may not be the best option for you.
The Trezor is probably the second most popular Bitcoin wallet in the United States and allows for the secure holding of Bitcoin. Just like the Ledger, Trezor is a hardware wallet making it fantastic for long-term storage.
Trezor is based in the United States and is owned by Satoshi Labs.
GreenAddress is a popular software wallet for Bitcoin. It has a great user interface for beginners and doesn’t make you download the entire Bitcoin blockchain. GreenAddress is a great choice for those looking to make frequent transactions for relatively low amounts of Bitcoin.
While GreenAddress is fairly secure with several lines of defense, it is not the most secure option. For small amounts of Bitcoin, GreenAddress is a great option.
SamouraiWallet is another secure option that allows users to store Bitcoin on Android. Unfortunately, it is not supported on iOS but this could change soon. Storing Bitcoin on phones is extremely convenient and not necessarily the most secure option. This does not mean that your coins will be stolen when using the app.
This wallet is great for frequent transactions that you want to send on the go, from your mobile device. The user interface is great and makes it easy for people of all levels to use.
Electrum is another popular wallet in the United States and is run on a desktop. Electrum is great for quick everyday transactions and is fairly secure. Hypothetically if someone gained access to your computer they could access the wallet which is why this isn’t as secure as a hardware wallet.