bitcoin wallets you should use banner

Crypto 101: Bitcoin wallets you should use

Technology has paved the way for comfort, convenience, and fun. This is widely observed when it comes to sites like Sportsbet which allows you to wager on your much-anticipated sports. Among the convenience that it provides is the chance for you to bet using cryptocurrencies like Bitcoin. 

Bitcoin is known for its massive potential and impressive value which make it a great investment. By being the highest-valued asset, some people tend to target Bitcoin users when it comes to scams. With that, it is highly important that you learn how to protect your assets by storing them in reputable wallets. That way, there won’t be any problems when you place a soccer bet or any bet of your choice. Aside from the safety they provide, creating an account with a reputable Bitcoin wallet also makes it smoother to transact with Sportsbet or any Bitcoin gambling site of your choice. 

Top Bitcoin wallets 

There are several crypto wallets you can find online but only some of them have established a strong reputation throughout the years. There are also wallets better used by Bitcoin users than the rest.

Choosing those that are proven and tested is a wise move to do since this will keep you at ease about the fact that your assets are not at risk. With that, here are several reputable Bitcoin wallets that you may also connect to your Sportsbet account: 

Coinbase wallet 

This trusted Bitcoin wallet is backed by the popular exchange platform Coinbase. Therefore, it allows you to recoup any lost assets since it’s backed by such. This is a great option for beginners as it makes use of a simple user interface that makes it easy to use and navigate. 

This wallet offers more than 500 currencies and other assets, such as non-fungible tokens (NFTs). Aside from that, it is known for being non-custodial, which implies that all of its private keys are stored on your device rather than the company’s system. 

Ledger Nano X Crypto Wallet

Ledger is one of the leading options when it comes to cold wallets. One of its most remarkable traits is that it can securely store a large amount of assets. This feature makes it one of the most reputable brands in the industry, making it a popular choice among investors. 

When using this wallet, you need to set it up with a pin and a 24-word seed phrase which will act as your private key. By keeping these words safe, you can guarantee that you won’t just lose your assets even if you lose the physical wallet. 

Trezor Model T 

Just like Ledger, Trezor is a renowned cold crypto wallet. In this version of the wallet, you have access to third-party exchanges. Though it may be quite expensive, it becomes worthy of its price as it ensures stronger security features that will protect your investments. It also supports more than 1,200 different cryptocurrencies. 

The model comes with a touch screen and a MicroSD card slot. With it, you can just encrypt the pin to protect your investment. This wallet also comes with a cable that will make it easier for you to access your account on a smartphone or desktop computer. 

ENJOY EVERY SPORTS EVENT OFFERED AT SPORTSBET

Electrum Bitcoin Wallet 

Launched in 2011, Electrum can be considered one of the first popular crypto wallets that were exclusively made for Bitcoin. It is renowned for its improved security features that include support for 2-factor authentication (2FA), transaction proof checking, and a multi-signature wallet.

It also has a high level of customizability which makes it more practical to use. When using it, you are given the freedom to customize the fees you want to pay using this wallet. Therefore, if you want your transactions to be performed more quickly, you can pay extra fees.

Guarda

This is a great wallet option if you’re looking for a wallet that’s accessible on both desktop and mobile. As a non-custodial wallet, you are guaranteed the safety of your assets. This is even more amplified by the fact that this has no records of any security breaches. 

What you will appreciate most about this wallet is its excellent customer service. If you are new to the crypto industry, there are lessons that will amplify your knowledge about coins and how to handle them properly. 

Exodus 

Just like other wallets, Exodus is simple-to-download for both iOS and Android devices. Among its numerous advantages is its simple UI that makes it easy to use. By using this wallet, you may also buy BTC using Apple Pay.

Aside from BTC, Exodus supports more than 145 additional cryptocurrencies including Ether, Litecoin, Ripple, Bitcoin Cash, and many others. It also offers an integrated FTX crypto exchange platform.

Mycelium Bitcoin wallet 

If you’re looking for a mobile wallet, you should consider using Mycelium. Among the characteristics that make it convenient is its ability to function with hardware wallets. More importantly, it also gives you control over the transaction fees that you are willing to pay. 

This mobile wallet is strictly for smartphones only so you can take it with you on-the-go. Aside from BTC, Mycelium also supports Ethereum and ERC-20 tokens. You can also make the most out of this wallet’s built-in exchange feature which makes transactions simpler. 

CryptoWallet

CryptoWallet is a great option for mobile users who want to buy, store, trade, and sell BTC. It has an integrated exchange that allows trading of high-cap cryptocurrencies, including Bitcoin. When it comes to fiat, it supports currencies like pounds, dollars, and euros. 

The wallet has several impressive features that make it easy to use. This includes inexpensive transaction fees. 

Factors to consider when looking for the best BTC wallet

Now that you know more about the most trusted crypto wallets, you might be more interested to check the factors that make them special. By learning more about them and their special features, you may find it easier to decide which one is most suitable for your needs and preferences. 

If you’re having a hard time choosing where to sign up, here are some factors to consider: 

  • Reputation → Before signing up with a wallet, always make sure to spend some time reading some reviews about them. This way, you can learn more about the first-hand experiences of the users who have been using it for quite some time. 

Aside from reading about how a wallet works, you may also want to research the founders of the wallet, its special features, and if there were any security breaches in the past. 

  • Supported assets → Crypto wallets are known for storing assets securely. Some of them even allow you to make transactions. With that, it is important that you learn about a wallet’s asset compatibility before signing up. 

In case you are holding more coins and not just Bitcoin, you may want to go for a wallet that can support all your assets all at once. Several wallets support more than just one asset so you might want to check which ones support yours. 

  • Security measures → Their main purpose why you’re signing up with a wallet is to keep your assets safe. With that, it is important to check what safety measures a wallet implements. Among those which you may encounter are 2-factor authentication and transaction proof checking. It is also best to check the Evaluation Assurance Level or EAL of each wallet. 
  • Device compatibility → Every user has their respective preferences on how they wish to store their crypto assets. With that, you may want to be considerate about which wallets work best for your preferred device. 

Questions asked about BTC wallets 

Still got questions? Here are the answers to some of the most asked questions:  

  • Are there different types of BTC wallets?

There are hot and cold wallets. Hot wallets are those that are connected to the internet while cold wallets aren’t. Rather, they work as flash drives which can be connected to computers. 

  • How do I fund crypto wallets?

You can fund your wallet by making deposits with your bank cards, buying BTC from exchange platforms, or by making wire transfer transactions. 

  • Can I use more than one crypto wallet?

Yes. Some people who have lots of crypto investments tend to spread their assets on various wallets. That way, they won’t lose all their assets at once in case they forget their passwords or if anything goes wrong. 

These are just some important facts that you have to know about Bitcoin wallets. By learning more about these, you can be more interested to sign up for one to protect your investments. Regardless if it may be Bitcoin or another crypto you may be staking, you should sign up with a wallet so that you’ll never have to worry about what happens to your assets when you’re not using them! 

REGISTER ON SPORTSBET AND ENJOY MULTIPLE SPORTS BETTING OPTIONS

Leave a Reply

Your email address will not be published. Required fields are marked *