An in-depth guide to choose the best bitcoin wallet!
If you want to use bitcoins, the first thing you will need to have is a bitcoin wallet. You cannot even purchase bitcoins without having a bitcoin wallet. There is a massive range of bitcoin wallets available in the market, but each one of them is different. You can visit bitcoineras to learn more about bitcoins. So, you need to choose the one that suits you the most, and the following tips will help you in making the right decision.
Check the security
One of the most crucial features of a bitcoin wallet is its security. You can ignore all other features for once, but you must not compromise on security as it can make you lose your bitcoins. All bitcoin wallets claim that they offer maximum security; you need to check it before making your final decision. There are several types of bitcoin wallets, and you need to look out for varying security features in each one of them. For instance, if you are using a web bitcoin wallet, you need to check its URL and see if it has HTTPS or HTTP. HTTPS refers to a secure protocol and enhances the security of the wallet. You can also check it by seeing if there is a padlock icon at the starting of the URL.
Before you choose a wallet, you must ensure that it offers secure logins and keep your data hidden and secure. For better security, you must choose a wallet that offers features such as two-factor authentication, multi-sig, etc. Security is highly important, and you must focus on it while picking a wallet for storing bitcoins.
Know your operating system
Bitcoin wallets are used on two systems; mobile phones or computers. Both of these devices have different operating systems, so you need to keep that in mind while choosing a bitcoin wallet. Mobile phones have three types of operating systems; Android, iOS and Windows. In the same way, computers also work on either Windows or Linux. So, you need to ensure that the bitcoin wallet is compatible with the operating system used by your device. You must check it beforehand so that you won’t have to face any issues later on.
Some bitcoin wallets are compatible with all types of operating systems, whereas some of their works only with a few of the operating systems. So, you must check the operating system compatibility and pick a wallet that is fully compatible with your device and allows you to access all the features with ease and comfort.
Backup options
Bitcoin is a highly valuable cryptocurrency, and there is nothing worse than losing bitcoins due to a technical failure or system shutdown. To ensure that you won’t face any such issues, you must create multiple backups for your bitcoin wallet and store them in a different location. The major issue with it is that all bitcoin wallets don’t provide the backup feature. So, while you are choosing a bitcoin wallet, you must check the back features and pick the one that allows you to create regular backups easily. It will allow you to backup your entire wallet and store it offline so that even if something goes wrong and you lose the bitcoin wallet, you could recover the funds using the backup.
Along with the backup option, multisig is also an important feature that adds an extra layer of security to your wallet. It will require multiple authorisations whenever you will sign into the wallet. It will ensure that no hacker or user other than you can gain access to the wallet and steal your funds.
Accessibility level
Accessibility refers to the user interface and ease of use. It is an important aspect of the bitcoin wallet that you need to have a look at. The bitcoin wallet must have a simple and user-friendly interface so that everyone can use it. Each wallet has a different interface, and some of them are simple, whereas some of them are complex. So, you must check the interface and accessibility and ensure that you are able to navigate through all the features easily, and the wallet is offering you a good experience. If you don’t focus on this aspect, you may end up choosing a wallet that you can even use as you will be unable to understand its features and working.
