Securing Your Digital Future: Exploring Bitcoin Wallets and Apps

Bitcoin is the big old granddaddy of all cryptos and it is one of the most popular cryptocurrencies in the world too.

And with its prices hitting an all-time high of $70,000 in 2024, everybody and their cats want a piece of the pie. 

But before you run off to buy BTC, you need to make sure that the platform you’re using is safe and secure.

In an online world where almost everywhere you look, you can easily find some form of cyber threat lurking around trying to get your money, steal your identity, cause you harm, or all of the above.

So, how do you make sure that the Bitcoin wallet and apps you use are actually secure? 

In this blog post, we will dive through the amazing world of cryptocurrencies and see what Bitcoin is and what makes it so popular.

We will also see how bitcoin exchange platforms and wallets protect their customers from online threats and what some of the best and most secure platforms to buy bitcoin are. Also, learn about the Best Bitcoin NFT Wallets in this guide.

What Exactly is Bitcoin and Why is it so Popular?

Bitcoin is literally one of the very first cryptocurrencies that was initially released in 2009.

In simpler terms, it was the first digital currency that used blockchain tech to make transactions between two users over a decentralized network.

But what made it popular among early adopters was the freedom and security it gave to its users.

It was a type of currency that not only allowed the transfer of currency from one person to another without going through the banks but was also very secure with its ledger system that kept its records in multiple places.

This made Bitcoins a much faster, cheaper, and more secure option to send money from one place to another.

And, in 2009, when the world was just on the cusp of mass digitalization, bitcoins became one of the very first cryptocurrencies to start being traded on the NYSE.

Market trends made its price skyrocket and it became a very popular and well-loved cryptocurrency among investors and tech enthusiasts, both for its market potential as well as its applications for future tech and innovations.

DID YOU KNOW?
As of March 2024, there are just over 46 million Bitcoin wallets holding at least $1 of value. This figure is based on the number of unique addresses. In total, approximately 460 million Bitcoin wallets have been created. However, around 90% of these wallets are inactive or hold minimal value.

So, Where Exactly Does One Go to Get Their Hands-On Bitcoins?

If you’re looking to buy BTC, you first need to look for a good crypto exchange platform.

For example, Kraken is one of the oldest and most reputable crypto exchange platforms in the world.

But simply going on these exchanges is not enough, you need to have a blockchain wallet that facilitates crypto transactions as well as allows you to hold your digital assets in one place.

Finding a Good Bitcoin Wallet

While some crypto exchanges will have a built-in wallet to ease customer transactions, you can also create an external wallet through apps and websites.

There are a ton of different options for wallets out there.

From hot wallets that need constant connection to the internet to cold wallets that are entirely offline, you can choose from a plethora of options.

But the basis of most wallets is the same.

They give you a safe place to store your oh-so-precious bitcoins.

Besides, from apps to physical wallets, they all use different kinds of security measures to help protect your wallets and cryptos from outside influence.

From using encryption keys, and biometric locks to 2FA authentication, crypto wallets use various strategies to keep your accounts secure.

Best Bitcoin Wallets and Apps

So, what are some good Bitcoin wallets and apps for storing your bitcoins? 

Here are some of the most secure and awesome Bitcoin wallets and apps that are known for their top-of-the-line security features and much more.

Hey, Kraken is not just a crypto exchange.

It allows its users to buy and sell their cryptos, and make transactions with its built-in wallet facility and you can even use De-Fi features to make transfers from other exchanges, stake, and get into NFT and crypto gaming too.

Aside from all this, you get state-of-the-art security features and a priority for risk tolerance that no other crypto platform has ever achieved. 

This makes this platform one of the best places to fill your thirst for bitcoins.

Trust Wallet comes in a wallet and app form that can be accessed from most of your devices.

You can easily buy crypto from this wallet and make transactions.

But that’s where the functionality of this wallet ends.

Unlike Kraken, you cannot sell your held crypto, to do that, you’d need to transfer your cryptos to an exchange first.

But, with its robust security features like private keys and biometric and pin encryption, this app is very popular in the Bitcoin community.

Zengo wallet has been rising in popularity recently.

It claims to have the best security among all crypto wallets to date. 

Some data states that this might be just true, but this app comes with pretty limited features out of the box.

Unlike the Kraken wallet, Zengo needs its users to get the paid pro version to even have access to some of the advanced security features that it boasts of.

You know, MetaMask is one of the most loved crypto wallets in the market.

With its strong security practices and a ton of defi options baked into the app, it is a pretty adaptable wallet that allows you to connect with many exchanges to transfer your cryptos.

The app practices some of the best security practices in the market and is very easy to use for beginners to get into crypto trading. 

The only limitation this app has, if you ever forget your private key, it’s pretty much impossible for even meta mask support to recover your crypto.

You won’t be facing this issue with Kraken.

Conclusion

Bitcoin is and will be the most profitable crypto investment in the world, and with its price at an all-time high, everyone wants to get their hands on it.

But, you need access to a wallet or a crypto app to even be able to buy bitcoins in the first place.

And with increasing issues with cybersecurity on the market, it is becoming more and more difficult to pick a secure platform.

You need to find a good Bitcoin wallet that practices good security practices and has a good reputation. 

We have listed some of the most popular and most reputable crypto wallets and apps on the market.

Hope you have a good trading experience in the crypto ecosystem in the future.