I’ve gathered together some of the best Bitcoin wallets and storage devices for 2021 so you can keep your currency safe and grow your investments.
0:00 – Introduction
0:18 – Difference Between Hot & Cold Wallets
0:40 – Ledger Nano X
2:15 – Trezor Model T
3:20 – Ledger Nano S
4:20 – Conclusion
1. Ledge Nano X ➜ https://bit.ly/3nowFzE
This is our pick for the best Bitcoin wallet. If you have any cryptocurrency in your portfolio, we highly recommend buying a Ledger Nano X to keep your crypto safe and secure.
This is a second-generation wallet from Ledger which is a French company that has been in the crypto space for a few years. Their first product, the Ledger Nano S was one of the very first hardware wallets on the market and was on top of the space for quite a few years.
While many other Bitcoin wallets are located online, these hardware wallets are plugged into your computer. They look like a USB drive and connect to your device via USB or Bluetooth so you won’t need a specific Windows computer, Mac, or Linux laptop all the time but you’ll be able to connect to your mobile device as well via Bluetooth. The user interface allows all the users to add new wallets for different cryptocurrencies and manage their portfolios from the software.
Since it’s a hardware wallet, Ledger Nano X supports over 1,500 cryptocurrencies that continue to grow each year as users suggest their favorite cryptos. Ledger Nano X is a cold storage hardware wallet but there is a companion Ledger Live software that includes a user interface for all of your holdings. You can use the Bluetooth function to connect to a smartphone or tablet as well. Some of the cons to know is that, Can only store a few wallets simultaneously
2. Trezor Model T ➜ https://bit.ly/3xBgaoG
This is another second-generation cold storage wallet that specializes in Bitcoin and many other cryptocurrencies. This functions much like Ledger but gives the users the ability to access third-party exchanges. You can access these exchanges which is convenient but the price for this cold storage wallet is hard to justify for that feature alone. You’ll be able to utilize the touch screen with the Model T which is a big help to new users. There’s also a MicroSD slot so you can further encrypt the PIN and protect your device from attacks. There are 1,400 cryptocurrencies available through this wallet and is considered to be a bit more secure than the Ledger Nano X due to the lack of Bluetooth incorporated. Web-based user interface with the exchanges built-in for easy access. It holds a large list of supported cryptocurrencies. Again it’s Open-source with large amounts of community and customer support and there are an Unlimited number of wallets available simultaneously. However, the Price point is high for a hardware wallet and sometimes the Small touchscreen is difficult to type on.
3. Ledger Nano S ➜ https://bit.ly/32MG0HY
This is the original hardware Bitcoin wallet and is the first generation wallet delivered by Ledger. Unlike later iterations of the Ledger wallet, this one does not include the USB Type-C cable so it may be difficult to connect it to newer age Android or iOS smartphones or tablets.
Much like the second generation Ledger Nano X, the Nano S supports the same list of cryptos and gives users access to the Ledger Live software. It doesn’t use Bluetooth and limits the number of wallets you can have simultaneously active on your overall device. The Nano S only supports 18 simultaneous wallets while the second generation stores up to 100.
if you need to make room to add another wallet with the Nano S, you can delete it off your hardware wallet and the information and Bitcoin will still be stored on the blockchain. To store your cryptocurrency safely at a very fair price, Nano S is a great place to get started. It’s simple to the user with the Ledger Live and as a beginner, the interface is easy to use and keep track of all of your wallets… run out of the 5k character limit, sorry guys.
Thanks for watching my video “Best Bitcoin Wallet – The 3 Best Crypto Wallets for 2021”