One of the features we need to look for when trying to choose a bitcoin wallet is security. A secured bitcoin wallet gives traders and investors the security to keep their funds in the wallet for as long as they want without a doubt in their minds.
A very important and useful tool that any exchange can have is the crypto wallet. You can lose money if you do not have safe and reliable wallets. Whenever you start investing or trading cryptocurrencies, one of the most important activities is choosing a safe and trusted wallet. It is important to look into the exchanges with the safest bitcoin wallet you can use in the short or long term. These exchanges have been serving traders and investors for a long time, and have a strong reputation and reviews on the internet.
Discover 7 ways to safely store your BTC in a Bitcoin wallet.
Securing bitcoin trading doesn’t have to be difficult if you have a reliable and secure exchange. Remitano has had zero case of bitcoin hacks or theft since it started operating. The bitcoin wallet and other crypto wallets on the platform are secure and hack-safe due to their unique security architecture and set up. Remitano’s user interface is very easy to use for professionals and newbies. If you want to trade with comfort and the confidence that your bitcoin is secure, the Remitano exchange is the exchange of your choice. One big selling point of Remitano is that they have the web, the Android version and IOS. It’s easily one of the most trusted swaps with a bitcoin wallet secured in the crypto-verse.
If we look at the bitcoin wallet from the derivative exchange or the cryptocurrency derivatives exchanges, it is right to say that BitMex is one of the most popular. BitMex has its headquarters in Hong Kong, and has existed since 2014. When BitMex started, the main objective was to keep track of the price of bitcoin. But over time, they grew into a bitcoin exchange company.
At the time of writing this content, BitMex accounts for 20-30% of Bitcoin traded against USD. When BitMex started their operation, they invested heavily in good security measures. They use the cold and multi-signature storage method for every transaction made. The multi-signature wallet requires several accounts to sign before you can carry out any transactions. That is, before any transaction can take place, two to three BitMex founders must sign up. They do this to make sure they check the blockchain.
In addition, when it comes to withdrawing the BitMex bitcoin wallet, you can only withdraw once a day. This means that you cannot rely on BitMex for emergency fund needs because you will not be able to access your funds more than once a day to withdraw. You can also enable two-factor authentication on BitMex to make your account more secure. BitMex provides the highest level of security you need, and is one of the most trusted wallets in the crypto-verse.
You may be worried and bothering about the one transaction per day restriction, but some people are cool with it because they think it will prevent their accounts being hacked.
Bitflyer is also one of the most trusted. This exchange has its headquarters in Tokyo, and they have been serving Bitcoin users for six years. Verification of identity is the first step you must take before using the exchange. The level of security and reliability is why the exchange is on the list. The cold wallet is the most widely used option on the exchange. Users are required to set up two-factor authentication for added security.
Kraken is the number 1 Euro trading crypto exchange globally, and its headquarters is located in San Francisco. Kraken has existed since 2011, and they have a good track record of success. Several top investors and partners such as blockchain capitals, money partner groups, digital money groups, and hummingbird enterprises, deal and negotiate with Kraken.
Kraken is not limited to bitcoin alone. It receives other altcoins in addition to the local fiat currency. Kraken bitcoin wallet is an offline wallet because it is cool. Most of the cryptocurrency exchange funds you would use are stored in your cold wallet.
Conversely, if you want to maintain high liquidity, you can store some hot wallet funds. The hot wallet is an online wallet. They are not as secure as the cold wallets because they are prone to attacks. Another big selling point in Kraken is that they conduct a test of backup audit. The Kraken team does not conduct this audit. Always done by an independent party to record and verify that all consumer funds are still in Kraken’s wallet account.
Different exchanges have different focal points or selling points. Some other exchanges focus on security but lose accessibility and a good user interface. On the contrary, Kraken is easily accessible, and the security is still very reliable. There is also an opportunity to add two-factor authentication to make your bitcoin wallet more secure.
Like Remitano, Coinbase’s main selling point is that it has web, Android and IOS versions. On the Coinbase app, Coinbase is more like a keeper responsible for your coin, but on the Coinbase wallet app, they make people the keeper of their own coin.
Coinbase’s wallet used to be named Toshi. Coinbase was developed to help with Ethereum management, but over time things grew, and started to do more. You can secure your coin at Coinbase, and you can also use private keys to ensure that you are in control of any transaction that takes place. One of Coinbase’s strong propositions is that you control your private key and one of the major limitations is that Coinbase does not support all cryptocurrencies.