We’re a fully integrated digital currency exchange, wallet and micro-investment app founded by a team of industry experts. Our mission is to make digital currencies easy for everyone, you simply download the app, link your bank account and get on with your life! The spare change from each of your daily transactions is automatically converted into Bitcoin.
But, because we believe in supporting Australians through their journey with digital currencies, no matter if you’re an Amber user or not, we wanted to provide a list of the best cryptocurrency wallets around the world to help you make the best decision for you and your investments.
What Are Cryptocurrency Wallets
If you want to buy Bitcoin or any other digital currency, you must choose a wallet. A cryptocurrency wallet is a software program (which you can access from your phone or computer) that allows you to securely store your coins or tokens, and lets you send and receive digital currencies. When choosing the right wallet for you, it’s important to consider security, ease of use, features, supported cryptocurrencies, costs and the team behind the product.
Here’s our round up of the best digital currency wallets in 2019…
We might be biased, but we’ve spent more than a year building the Amber product, perfecting its features to ensure we are the best service available for everyday Australians investing in digital currencies. Our easy-to-use mobile app takes the stress away from investing, letting your spare change do the work while you focus on what matters most… life! We designed our app specifically as an all-in-one solution to empower the everyday person to easily gain access to the ecosystem and benefit from the paradigm shift into open banking, digital currency’s and the possible investment opportunity’s that may lie within it.
Amber offers a 100% cold-storage as a service, which means all you need to do is verify your account and we’ll manage the security of your funds for you. If you ever lose your password or access to your account, just re-verify and you can get access to your funds again. It’s a much simpler way to store your crypto. For those that want to store their own funds, Amber Vault (a full, self-custody wallet, where the user holds their own private keys) will be launching later this year. This feature gives you 100% control over your own private keys.
Using our app may be simple, but our security is not. We don’t store any of your bank credentials and your funds are protected by the latest in bank-grade AES Encryption, secure storage vaults, multi-layer redundancy, and multi-factor authentication. Our goal is to provide better-than-bank security for you and your funds.
Founded in 2016, Exodus is a desktop digital currency wallet that gives users access to nearly a dozen cryptocurrencies. Exodus is a popular wallet because of its user-friendly platform and personalisation features (including a powerful charting tool). Because Exodus is a desktop wallet, it stores your digital assets directly on your computer and this means they are 100% in your control at all times. The cons? Because Exodus is a self-custody wallet, if you lose your password or access credentials, you’ll lose access to your funds for good. Exodus is also tech focused wallet, meaning it’s better suited to more experienced or tech-savvy crypto investors.
Jaxx Wallet aims to simplify cryptos with an easy-to-use platform that is designed to work and sync across your mobile and desktop devices. Jaxx supports over 70 different cryptocurrency assets including the most popular cryptos like Bitcoin, Ethereum and Litecoin and is free to download.
We’re huge fans of Edge. It’s a reputable, multi-currency, non-custodial software wallet with a proven track record in securing user funds, whilst maintaining privacy.
The company started back in 2014, when it was known as Airbitz and rebranded in early 2018. Since its inception, the team has focused not only on security and innovation but also on creating an intuitive product.
Users can create wallets to send and receive 20 different coins, including BTC, ETH, XRM, and LTC, and have 100% control over their private keys.
US-based users can also buy crypto within the app, with fees varying between 2% and 6%, depending on the provider.
Ledger Nano S
The Ledger Nano S is one of the most popular cryptocurrency hardware wallets out there, that supports most of the big coins. While a bit more expensive than its main competitor, the TREZOR One, the Ledger Nano S gives its users high security for their coins, via an easy to use interface.
Hardware wallets offer the most robust form of security you can get for your Bitcoin, or any other cryptocurrency. They allow you to send and receive Crypto on any computer, even one that could be compromised with malware, with the assurance that your transaction will still go through as intended.
The way hardware wallets achieve max security is by storing your private key and signing your Bitcoin transactions offline so someone trying to mess with your wallet remotely won’t be able to. Most hardware wallets also use a second screen to verify actions with a password on your wallet such as signing the transaction. This way, if hackers gain control over your computer, they still can’t do anything with your Ledger since they require access to the physical device connected to your computer as well.
The Ledger Nano S is a great product with an affordable price tag. We love the fact that it supports almost every major coin out there and that it’s easy and intuitive to use through the Ledger Live interface. If you’re looking to transfer your Bitcoin off Amber once you’ve accrued a significant amount, so your crypto is as safe as possible, you definitely need a hardware wallet and the Ledger Nano S is one of the best out there.
Abra is an all-in-one mobile platform helping people invest in and manage crypto and fiat currencies. The app lets you buy and sell over 28 cryptocurrencies (and 50 fiat currencies) directly through its wallet. It also provides money transfer services, letting you send funds and switch between fiat and crypto. Abra doesn’t charge you fees for exchanging currencies within the app, but does operate a spread meaning the rates for purchases are higher than elsewhere (users may be buying one currency at a price slightly above market rates and/or selling slightly below rates).
Ready to get started? Download the Amber app here and sign up to our community to be the first to hear news, tips, updates and more from our team.
Got more questions? Awesome, we’d love to chat! Send us a message VIA our contact form and we’ll get back to you as soon as we can 🙂
Thanks for reading,
The Amber team.
Originally published at getamber.io.