With Cash in the bank earning a negative rate of return it does make sense to store some of your wealth in BTC – even if it is very volatile. When you first get into bitcoin there are a whole host of products out there and it can be pretty overwhelming with terminology such as hierarchical deterministic or multi signature technology being bandied about.
So how do you pick the best bitcoin wallet for your needs – well that depends on what you want to do with it, how simple you want it to be and how security conscious you are. Generally the more security you want – the more difficult it is to use and the more anonymous.
Mobile Wallets, Web Wallets or Desktop Wallets
This is how you want to access your wallet – and there are loads of different ways to do this. Most people want simplicity, to pull out their phone, swipe a QR code and check their balance – and this is where the most popular wallets are heading. They try to make the user experience as seamless as possible – one click good two clicks bad.
Some wallets try to give you a spread of accessibility options –