A Bitcoin wallet can be classified as either online or offline. An online wallet is kept by a third party and requires the user to submit his private key to make a transaction. An example of an online wallet is a brokerage service where you buy bitcoin and have access to your digital currency through your computer or mobile phone. An offline wallet is stored on your computer, laptop, or mobile device and requires you to upload the address book to make transactions. An example of an offline wallet is a USB hardware wallet that stores your private key on a physical piece of hardware.

Choosing from one of the industry's best wallet providers is key to securing your assets and I reveal the best wallet I use. Without any other, these are the top bitcoin wallets.

1. Mycelium Bitcoin Wallet
Mycelium is a free and open-source software application that allows users to send bitcoins directly from their desktop computer to any address they wish. Unlike many other wallets out there, it does not require downloading anything onto your phone or using any type of mobile device. There are no ads or third party services, either. You simply need to enter your bitcoin public address and the amount you want to send before clicking “Send Bitcoin”. The wallet is simple, intuitive, and fast. It offers several options for viewing transactions, including how much money you have sent and received, where you are connected to the network (public vs private), and how much bitcoin you own. You can even use the app to create custom addresses for different purposes.

2. Electrum Bitcoin Wallet
Electrum is a popular cryptocurrency wallet created by Gavin Andresen, who was formerly the Chief Scientist at the foundation of the bitcoin digital currency system. It is a free, open-source client-side software application designed specifically for storing and sending bitcoins. Electrum uses strong cryptography to make sure only authorized parties can access your bitcoins. The interface is extremely user-friendly, making it ideal for novice users. After installing the application, you will be prompted to create an account. Choose a username and password and then click ‘Create Account’. You will now be able to locate your wallet by entering its address in the search bar. Once inside, you will be presented with the option to import an existing seed phrase. Alternatively, you may choose to generate a new one. Clicking on ‘Generate New Seed Phrase’ will guide you through a series of steps that will help you generate a 12-word string of letters and numbers. Keep this string safe, as it is what allows you to recover your wallet should you lose it. When finished, save the seed phrase somewhere safe, preferably in a paper backup file.

3. Blockchain Wallet
Blockchain is a secure multi-signature bitcoin wallet service developed by Blockchain Inc., founded in 2014. It is compatible with both Android and iOS platforms. However, the company offers two types of accounts; Standard and Advanced. While the first is basic, the second adds extra features such as offline storage, hardware wallets, and a PIN code. Next, select the security level you would like to set. Either Basic or 2-Factor Authentication is recommended. Select the appropriate option depending on your preference. For the latter, you will need to input your security code after logging in to ensure your security

4. Atomic Wallet

Because I use the atomic wallet, I will introduce it to you.

Introducing atomic, the world's first atomic wallet.

The developers behind Atomic Wallet cast a wide net when building their product. The first example of versatility we encountered was the product's broad support for different devices and operating systems. As of this writing, Atomic Wallet is available for the following devices:

Source: atomic wallet

The first level of nuclear security is cryptography. Users create it themselves, require a password to confirm transactions, and see a list of your private keys, it is the main protection against unauthorized use of the wallet by others.

The technology is also used to switch between Litecoin and Bitcoin (inbuilt swaps). The idea of ​​atomic swaps arose long before the first official exchanges, as early drafts of a decentralized exchange protocol that would transition to atomic swap technology appeared in 2012.

Withdrawing your assets from your atomic wallet is flawless, the network fee is regulated by you depending on your preferences, which is one aspect I like about atomic wallet, no platform fee - all on-chain.

Overall, Atomic Wallet is a simple but powerful product. Its main feature is atomic swaps, a blockchain technology that prevents users from dealing with third-party risks and problems. If the team behind it persists in advancing the technology and expanding the range of Atomic exchangeable currencies, Atomic Wallet could become the wallet of choice for the next generation of cryptocurrencies.

Atomic Wallet is a desktop or mobile application wallet that can store over 300 different cryptocurrencies. You can use it to buy, sell, trade, wager, send and receive. As a bonus, you will get 1% cashback on your transactions in the form of Atomic Wallets Token AWC.

Atomic Wallet aims to harness the potential of Atomic Swaps and become part of a full-fledged decentralized cryptocurrency ecosystem. Atomic swaps allow users to trade cryptocurrencies from their wallets — similar to exchanges but using a different technology. Atomic Wallet supports over 500 coins and tokens and staking for specific coins.

Choosing a wallet for your bitcoin transaction can be a tough task, but knowing your limited funds should be a top priority in choosing a wallet that will meet your needs. Imagine having to pay high fees for transactions from your wallet provider while there are wallets that you can decide to set your fees according to your limited funds. 

Which wallet are you using for your bitcoin transactions and why are you using it?

DISCLAIMER: This article is meant to create awareness and it should not be considered a piece of investment advice. As greedy as crypto is, I will never advise you to invest in crypto, always DYOR.

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