A Bitcoin wallet is a software program where Bitcoins are stored. Without a Bitcoin wallet, you can’t send or receive Bitcoin payments.
Bitcoin wallets store the private keys that you need to access a bitcoin address and spend your funds. They come in different forms, designed for different types of device. You can even use paper storage to avoid having them on a computer at all. Of course, it is very important to secure and back up your bitcoin wallet.
Bitcoin wallets comes in many forms; desktop, mobile, web and hardware.
Here are the best 5 bitcoin wallets (In my opinion):
#1 Bitcoin Core:
Bitcoin Core is the original Bitcoin wallet, originally developed by Satoshi Nakamoto and continually updated by the core Bitcoin development team. While it doesn’t have the advanced features of Armory or the social aspect of Hive, Bitcoin Core is probably the most scrutinized and worked-on wallet out there, making it a trustworthy choice.
Multibit is a lightweight software wallet. As with most software wallets, Multibit encrypts your private keys locally (or on a USB stick). One useful characteristic of Multibit is that it doesn’t need to download the entire blockchain to access, send and receive funds. Multibit connects directly to the Bitcoin network and downloads only a small part of the blockchain, making it very fast to use.
Electrum is another lightweight Bitcoin wallet. It supports deterministic wallets or, in other words, generating multiple wallets from one seed. It also lets you sign and create transactions offline and export what it calls a “root public key”, which lets compatible apps monitor your wallet.
Blockchain‘s bitcoin wallet is a free online bitcoin wallet, which you can use to make worldwide payments for free. It makes paying with bitcoins easy and secure available anywhere on your phone or desktop. Blockchain uses industry standard client-side AES encryption, protecting your wallet from a server side hack. It also has support for offline transactions, a double encryptionfeature and two factor authentification.
Coinbase is an online Bitcoin wallet. It has a built-in Bitcoin exchange where you can buy and sell Bitcoin, and lets you send and receive money directly to and from email addresses. Coinbase is a centralized operation and stores all its Bitcoins on-site