How to Store Your Bitcoins

The question of “how to store your bitcoins” is one of the most important decisions for a Bitcoin user to make, and that is why we have done an extremely thorough Bitcoin wallet review for all major Bitcoin wallets.

In this article we will perform bitcoin wallet reviews, including providing the current best option, by looking at ease of use, security and advanced features for the major wallets in each category: Online Bitcoin Wallets, Desktop Bitcoin Wallets and Mobile Bitcoin Wallets.

To save you some time our conclusion to maximize ease of use, security and advanced features is to use the most well rounded Blockchain.info mobile bitcoin wallet (Android or Apple Store) coupled with the ultra-secure and advanced desktop bitcoin client Armory.

Regardless of what kind of electronic payment system you are using if you want to spend digital money then you need to have a digital wallet. Bitcoin differs from every other online payment system. Bitcoin has no central provider and anyone can build a bitcoin wallet. Consequently, there are several dozen bitcoin wallets to choose from and they all vary in terms of ease of use, security and advanced features which makes it important to carefully consider these bitcoin wallet reviews.

DIGITAL WALLETS

The Bitcoin wallets come in many different varieties often with trade-offs between ease of use, security and advanced features. Some are websites that simply offer the basic functions of sending and receiving bitcoins and attempt to make these functions as easy to use as possible. Others are fully-featured online bitcoin wallets that offer the user more power and control including advanced options such as custom transactions.

Then there are bitcoin wallets that are desktop applications which tend to be more difficult to setup but offer higher security and more advanced features across the board. And digital wallets would be incomplete without a mobile strategy and there are plenty of mobile Bitcoin wallets targeted at this huge market.

The list of options to choose from is daunting but we have done the hard work of narrowing the list from dozens to a few in this Bitcoin wallet review. First, ask yourself the question: Do I want a client I can download to my own computer, an online wallet interface, or a client for my smartphone? If you are an avid Bitcoin user then you may wish to have two of the above or even all three. It is extremely popular to have an easy-to-use, medium-security, online and smartphone bitcoin wallet for spending and a highly secure desktop Bitcoin wallet for savings and advanced features.

Once you have narrowed down your use case then look at the options available within each category. Do you want a client that offers more powerful features or do you want something that is easy to use? Perhaps you paranoid and want extra security? In all three of  the categories there are different bitcoin clients to suit various needs.