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While the concept of Bitcoin may be new to some people, this well-known cryptocurrency has been around for more than a decade. Bitcoin is one of many digital currencies that have become fairly common holdings among tech-savvy households.

Proponents of cryptocurrencies argue that digital currencies are easier and safer, and come with better privacy than traditional currencies. Because of its limited supply, Bitcoin has shown up on some people’s radar as an investment opportunity as well. However, it should be noted that cryptocurrencies are still risky investments.


If you understand the risks and you’re ready to move forward, the following best Bitcoin wallets can serve as good options for storing your bitcoins.

Best Bitcoin Wallets of 2020

  • Coinbase: Best Overall
  • Trezor: Best for Hardware Wallet for Security
  • Ledger: Best Hardware Wallet for Durability
  • SoFi: Best for Beginners
  • Robinhood: Best for Free Buying and Selling
  • Edge: Best for Mobile
  • Exodus: Best for Desktop

Use Exodus To store you coins, backup your seed phrase(private keys) and save safely so that in the event the computer is destroyed you can recover your coins anywhere with the 12 seed phrase backup. Visit Exodus to download. 



Exodus is a software wallet that lives on your laptop or desktop computer. There’s a mobile app version available as well. This digital wallet includes an attractive user interface that puts many investor-focused tools in your hands.

The desktop-first wallet, which also integrates with Trezor wallets, turns your digital currencies like Bitcoin and many others, into a portfolio with graphs and charts. You can exchange and store coins right on your desktop or in the app. It supports more than 100 different digital assets, too.


There is no account setup, so your currency and wallet are just for you. Exodus gives you a private key to access your bitcoin, as well as other useful security tools to keep your assets as safe as possible. Remember, though, that your private key is stored on your computer. Make a backup of the key to ensure it’s safe just in case your computer is stolen or dies.

  • Type of wallet: Desktop and mobile
  • Purchase cost: None
  • Incorporated exchange: Yes
What We Like
  • Desktop and mobile versions available

  • Integrates with Trezor

  • High-quality user interface

What We Don't Like
  • No two-factor authentication

  • Sometimes high transaction fees


How Do I Use a Bitcoin Wallet?


Bitcoin wallets act like a virtual wallet for your digital currencies. Just as you could put dollars, euros, pounds, and yen in your physical wallet, you can put Bitcoin, Ethereum, Litecoin, and Ripple in your Bitcoin wallet.


Some wallets featured in this list allow you to buy and sell bitcoins with an integrated platform. Others are only made for storage. There are pros and cons to keeping your cryptocurrencies online or in an offline wallet. It’s up to you to decide on the right mix of security and convenience for your needs and comfort.