Bitcoin is future’s currency and we all believe in this. A bitcoin which cost 6 cent in 2010, hit high above $10,000 in 2017. So, if you own the cryptocurrency or want to buy some, you need to have a best bitcoin wallet.
So with the blockchain technology here are the top 10 wallets (Based on security priority) and their types that are more secure to use.
No. 1: Binance – (Wallet type exchange)
Best Feature.
High up time.
Binance is a cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. Currently, it supports English and Chinese users. The Binance token (BNB) was created during the ICO event to fund the development of the Binance exchange.
Binance is capable of processing 1.4 mil orders/second, has multi-language support – Chinese, English, Korean, Japanese and has all the major coins available – BTC, ETH, LTC, BNB etc.
Low fees.
No. 2: Bittrex – (Wallet type- exchange)
Best feature.
- Almost all coins and all pairs are available.
- More secure.
Almost all coins and all pairs are available.
Bittrex is one of the larger crypto to crypto exchanges offerign a large number of trading pairs into bitcoin – including all the major cryptos such as darkcoin, nextcoin and litecoin. They also offer NeuCoin and Ethereum.
The exchange does have a very high turnover crypto currencies – leading some to accuse it of allowing pump and dump schemes that erode confidence in the crypto currency ecosystem as a whole.
More secure.
Apart from that they do have very good security with two factor authentication and are United States based.
Fees.
Bittrex is charging o.25% as trading fees. 25 times more than Binance but it is more secure than Binance.
No. 3: GDAX – (Wallet type- Online exchange.)
Best feature.
- It only supports main pair. like bitcoin, ethereum, litecoin.
- Incredibly Low fees.
It only supports main pair.
The Global Digital Asset Exchange, more commonly known as GDAX, is one of the most popular cryptocurrency exchange platforms. but it is not for beginners.
GDAX is a best exchange wallet for more experienced crypto traders. Transactions are instant once cash has been deposited, and better yet, free. If you play your cards right, you won’t have to pay any fees on Bitcoin, Litecoin, and Ethereum trades.
Incredibly low fees.
GDAX has incredibly low fees, ranging from 0.1% to 0.25% for taker trades, and no fees at all for maker trades. Compared to Coinbase’s fees, an upwards of 4.00% for credit/debit card transactions, GDAX is best for any experience crypto investor.
No. 4: Bitfinix (Wallet type- exchange)
Best feature.
- It is a marginal trading account
- Marginal funding account.
- More secure and easy to use.
It is a marginal trading account.
BitFinex offers three main functions – it is a pure bitcoin to fiat exchange, a margin trading exchange and a liquidity provider. The platform offers a number of features available that expand the financial positions you can take – for example the ability to short Bitcoin via margin trading.
The exchange also offers a set of other cryptos apart from bitcoin such as Litecoin and Ethereum.
More secure and easy to use.
Bitfinex takes security seriously and have moved from a hot wallet cold wallet set up to segregating customer funds where each user has access to their own wallet which they can review on the blockchain.
Bitfinex was hacked on 03 August 2016 and around 120,000 BTC were stolen.
Trading fees for bitfinex.
Deposits and withdrawals take place via the standard bank transfer means with fees of 0.1% and a minimum of $20. Bitcoin and Litecoin are free.
But, Bitfinex fees are depend on your trading amount.
Volume/Maker/Taker
$0.00 or more traded: 0.100% 0.200%
$500,000.00 or more traded: 0.080% 0.200%
$1,000,000.00 or more traded: 0.060% 0.200%
$2,500,000.00 or more traded: 0.040% 0.200%
$5,000,000.00 or more traded: 0.020% 0.200%
$7,500,000.00 or more traded: 0.000% 0.200%
$10,000,000.00 or more traded: 0.000% 0.180%
$15,000,000.00 or more traded: 0.000% 0.160%
$20,000,000.00 or more traded: 0.000% 0.140%
$25,000,000.00 or more traded: 0.000% 0.120%
$30,000,000.00 or more traded: 0.000% 0.100%
$0.00 or more traded: 0.100% 0.200%
$500,000.00 or more traded: 0.080% 0.200%
$1,000,000.00 or more traded: 0.060% 0.200%
$2,500,000.00 or more traded: 0.040% 0.200%
$5,000,000.00 or more traded: 0.020% 0.200%
$7,500,000.00 or more traded: 0.000% 0.200%
$10,000,000.00 or more traded: 0.000% 0.180%
$15,000,000.00 or more traded: 0.000% 0.160%
$20,000,000.00 or more traded: 0.000% 0.140%
$25,000,000.00 or more traded: 0.000% 0.120%
$30,000,000.00 or more traded: 0.000% 0.100%
No. 6: Cryptopia (Wallet type- exchange)
Best feature.
- It is cheaper and Easier.
- It has space for newer coins.
It is cheaper and Easier.
* instant buy-sell orders for USD/BTC pair
* trading using limit orders
* price can be set for buy and sell orders
* trading using limit orders
* price can be set for buy and sell orders
8. Coinbase:
* it’s a wallet for storing, spending, buying and accepting Bitcoins.
* its initial offering was primarily restricted to the U.S.
* needs to link the bank account .
* does not hold dollars in customer accounts.
* it’s a wallet for storing, spending, buying and accepting Bitcoins.
* its initial offering was primarily restricted to the U.S.
* needs to link the bank account .
* does not hold dollars in customer accounts.
9. Cryptsy:
* services to trade more than 200 different types of cryptocurrencies currently
* headquartered in Florida and is a FinCEN registered MSB (Money Services Business)
* it will be beta tested in the near future
* accepting different digital currencies as a mode of payment.
* services to trade more than 200 different types of cryptocurrencies currently
* headquartered in Florida and is a FinCEN registered MSB (Money Services Business)
* it will be beta tested in the near future
* accepting different digital currencies as a mode of payment.
10. BTC-e
* offers a choice virtual and fiat currency to its users
*The MetaTrader4 platform offers a choice to trade Bitcoins, Litecoins, Peercoin, Feathercoin, Terracoin, Novacoin and Namecoin with U.S. Dollars, Russian Rubbles, Pound, Chinese Yuan (CNH) and Euros.
* BTC-e has two interfaces, one in English and the other in Russian.
* offers a choice virtual and fiat currency to its users
*The MetaTrader4 platform offers a choice to trade Bitcoins, Litecoins, Peercoin, Feathercoin, Terracoin, Novacoin and Namecoin with U.S. Dollars, Russian Rubbles, Pound, Chinese Yuan (CNH) and Euros.
* BTC-e has two interfaces, one in English and the other in Russian.
11. Kraken:
* fast deposits and withdrawals for professional and advanced traders.
* It offers advanced order and trading tools
* exchange supports Euro, U.S. Dollar and South Korean Won
* fast deposits and withdrawals for professional and advanced traders.
* It offers advanced order and trading tools
* exchange supports Euro, U.S. Dollar and South Korean Won
12. BTCChina:
* the largest platforms for buying and selling Bitcoins.
* it one of the oldest exchanges as well.
* It supports trading of Bitcoins and Litecoins done in the Chinese currency.
* allows for deposits and withdrawals in Hong Kong and U.S. dollars also.
* the largest platforms for buying and selling Bitcoins.
* it one of the oldest exchanges as well.
* It supports trading of Bitcoins and Litecoins done in the Chinese currency.
* allows for deposits and withdrawals in Hong Kong and U.S. dollars also.
Types of bitcoin wallet.
1. DESKTOP:
are downloaded and installed on PC or laptop. they are only accessible from the single computer in which they are downloaded. but the disadvantage is that it is quite easy to accessible by hackers put trozen or some kind of fishing attempts.
2. ONLINE:
wallets run on the cloud and are accessible from any computing device in any location. while the are more convenient to access, online wallets store your private keys online. but there is some disadvantage as well like people can access your wallet easly, they can hack your private keys or password.
3. MOBILE:
wallets run on an app on your phone and are useful because they can be used anywhere including real stores. Mobile wallets are usually much smaller and simpler than desktop.
4. HARDWARE:
wallets differ from software wallets in that they store a user’s private key on a hardware device like a USB. Although hardware wallets make transactions online, they are stored offline which delivers increased security.
4. PAPER:
Wallet are easy to use and provide a very high level of security refer to a physical copy or printout of your public and private keys, it can also refer to a piece of software that is used to securely generate a pair of keys which are then printed.
how to keep safe and secure these wallets
1. always backup your wallets.
2. keep your software up to date.
3. add extra security in your wallet. such as , 2 factor authentication, google authentication to get the text message on your phone.
2. keep your software up to date.
3. add extra security in your wallet. such as , 2 factor authentication, google authentication to get the text message on your phone.
so, these are some question to have consideration while choosing a wallet
1. Do you need a wallet for everyday purchases or just buying and holding digital currency?
2. Do you plan to use several currencies or single currency ?
3. Do you require access to your digital wallet from anywhere or only from home?
2. Do you plan to use several currencies or single currency ?
3. Do you require access to your digital wallet from anywhere or only from home?
take time to determine these questions because that will help you to use which type of wallet that you choose.
now we will talk about some cryptocurrency exchanges”
1. Binance:
* high uptime
* no lag
* low fees
* high uptime
* no lag
* low fees
3. Bitrex
* almost all coins are available
* all pairs are available.
* almost all coins are available
* all pairs are available.
4. GDAX:
* it only supports main pair. like bitcoin, ethereum, litecoin.
* it has a lower fees.
* it only supports main pair. like bitcoin, ethereum, litecoin.
* it has a lower fees.
5. Bitfinix:
* it is a marginal trading account.
* you can use funding to other people.
* it is a marginal trading account.
* you can use funding to other people.
6. Cryptopia
* it is cheaper and easer
* it has space for newer coins
* it is cheaper and easer
* it has space for newer coins
7. Bitstamp:
* instant buy-sell orders for USD/BTC pair
* trading using limit orders
* price can be set for buy and sell orders
* instant buy-sell orders for USD/BTC pair
* trading using limit orders
* price can be set for buy and sell orders
8. Coinbase:
* it’s a wallet for storing, spending, buying and accepting Bitcoins.
* its initial offering was primarily restricted to the U.S.
* needs to link the bank account .
* does not hold dollars in customer accounts.
* it’s a wallet for storing, spending, buying and accepting Bitcoins.
* its initial offering was primarily restricted to the U.S.
* needs to link the bank account .
* does not hold dollars in customer accounts.
9. Cryptsy:
* services to trade more than 200 different types of cryptocurrencies currently
* headquartered in Florida and is a FinCEN registered MSB (Money Services Business)
* it will be beta tested in the near future
* accepting different digital currencies as a mode of payment.
* services to trade more than 200 different types of cryptocurrencies currently
* headquartered in Florida and is a FinCEN registered MSB (Money Services Business)
* it will be beta tested in the near future
* accepting different digital currencies as a mode of payment.
10. BTC-e
* offers a choice virtual and fiat currency to its users
*The MetaTrader4 platform offers a choice to trade Bitcoins, Litecoins, Peercoin, Feathercoin, Terracoin, Novacoin and Namecoin with U.S. Dollars, Russian Rubbles, Pound, Chinese Yuan (CNH) and Euros.
* BTC-e has two interfaces, one in English and the other in Russian.
* offers a choice virtual and fiat currency to its users
*The MetaTrader4 platform offers a choice to trade Bitcoins, Litecoins, Peercoin, Feathercoin, Terracoin, Novacoin and Namecoin with U.S. Dollars, Russian Rubbles, Pound, Chinese Yuan (CNH) and Euros.
* BTC-e has two interfaces, one in English and the other in Russian.
11. Kraken:
* fast deposits and withdrawals for professional and advanced traders.
* It offers advanced order and trading tools
* exchange supports Euro, U.S. Dollar and South Korean Won
* fast deposits and withdrawals for professional and advanced traders.
* It offers advanced order and trading tools
* exchange supports Euro, U.S. Dollar and South Korean Won
12. BTCChina:
* the largest platforms for buying and selling Bitcoins.
* it one of the oldest exchanges as well.
* It supports trading of Bitcoins and Litecoins done in the Chinese currency.
* allows for deposits and withdrawals in Hong Kong and U.S. dollars also.
* the largest platforms for buying and selling Bitcoins.
* it one of the oldest exchanges as well.
* It supports trading of Bitcoins and Litecoins done in the Chinese currency.
* allows for deposits and withdrawals in Hong Kong and U.S. dollars also.
above all there are few other names which can be reviewed by investors and traders in Bitcoins and other digital currencies, they are CampBX, Bter, itBit, OKCoin, HitBTC, AskCoin, etc. there is sure a lot of choice available but the selection should be done after weighing features like liquidity, fee schedule, country (headquarters), trading facilities, etc.
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