The demand for cryptocurrency is growing at a rapid pace. With more and more people relying on cryptocurrency for their online transactions, developers are working hard to make cryptocurrency a more reliable and secure platform.
Cryptocurrency might be a new concept to some users, but it has been used by some for more than a decade now. One of the biggest considerations for users of cryptocurrencies is how to store their funds, and this is where virtual wallets come in. In this post, we will take a look at the best virtual wallets for cryptocurrencies in 2020. Let’s get started.
Coinbase
One of the easiest and safest ways to make crypto transfers online is Coinbase.
This digital wallet holds your cryptocurrencies and allows users to send and receive money. The wallet can be linked to your US bank account so that you can share money between your bank and the crypto wallet easily.
Once you have transferred US dollars from your bank to Coinbase wallet, you can exchange those funds for Bitcoin and other crypto coins. The process of buying crypto coins using your native currency through Coinbase is quite similar to stock trading and the wallet can store 20+ crypto coins.
One interesting feature of this wallet is the regular rewards it offers to crypto users.
Users get to earn crypto coins as a reward for watching some video ads or participating in surveys and quizzes. Coinbase offers some of the best security and easy-to-use currency exchange features of any virtual wallet, though its currency exchange fee is quite high.
Trezor
While digital currency is safer than fiat money, it’s undeniable that security issues concerning cryptocurrency can be a reality.
Considering the losses and hacks in cryptocurrency in the past, it’s safe to say that security should be your priority when it comes to choosing a crypto wallet. One virtual wallet that guarantees the best security is Trezor.
The Trezor screen is compatible with mobiles and computers.
However, you will have to purchase the wallet for at least $59 with the most expensive option being $500. Even the cheapest model comes equipped with advanced security features such as multi-factor authentication. Trezor allows you to exchange your money with more than 1000 digital coins. On the other hand, if you ever forget the password to your Trezor account you’ll lose access your cryptocurrencies.
Exodus
Another virtual cryptocurrency wallet is Exodus.
The software can be accessed through your desktop computer or mobile device, for ultimate convenience. The intuitive design and user-friendly interface make Exodus an ideal option for first-time crypto users. The wallet can store your currency on computers and mobiles or be used to exchange fiat money for cryptocurrencies.
You don’t need to go through the lengthy and complicated account setup process.
All you need is a private key (which is provided by Exodus) to get access to your crypto coins. The private key will be on your laptop or PC so it is important to set a backup for the key. The best quality of Exodus is its compatibility with desktop and mobiles.
You can also integrate Exodus with your Trezor account for smoother and flexible operations.
ZenGo
Complex user-interfaces is one of the most common issues the beginners face when using Cryptocurrency wallets. ZenGo is an easy-to-use crypto wallet that streamlines cryptocurrency buying, selling, and storing processes.
It makes your digital currency exchange operations a whole lot easier and smoother.
Thanks to its keyless account registration process ZenGo is the ultimate choice for beginners. Just because the wallet offers keyless setup doesn’t mean it compromises on the security. Rest assured that only you will have access to your crypto money and transaction history. The platform accepts credit card and wire transfers. Besides, the model offers a 3D Biometric face scan feature as a backup.
BRD Wallet
BRD allows users to exchange up to 20 crypto coins.
The specialty of this virtual crypto wallet is its rewards and loyalty program that gives you a chance to earn free crypto coins. This digital cryptocurrency exchange platform facilitates fast and secure crypto transactions. You can also use it to convert Bitcoin into other cryptocurrencies, such as Ethereum or Bitcoin cash.
This virtual wallet is secure and convenient.
It features a smart and user-friendly interface, allowing you to make the best of your cryptocurrency trading. BRD wallet is not available in desktop application form, but its iOS and Android apps are available.
Jaxx Liberty Wallet
If you want to explore different cryptocurrencies in one platform, then the Jaxx Liberty wallet is your best option. The wallet has been around since 2014.
It allows users to exchange more than 80 crypto coins seamlessly. You also get to collect insights into the crypto coins, your transaction history, total balance, etc.
You can install its chrome extension to use the wallet on your computer.
Alternatively, the software is available on iOS, Android, and Windows. It is highly recommended for both beginners and experienced crypto traders. Jaxx Liberty Wallet doesn’t charge any setup fee and the company offers the best support service.
Final Thoughts
Your virtual money can be stored in any of the above-mentioned crypto wallets.
By using these online transaction apps and software, you can track all your transactions, send money to anyone in the world, receive payments, and perform other operations. Check and compare the features of each wallet to choose a crypto exchange platform that fits your budget and needs.
