Why storing Bitcoin in a single wallet is a good idea?

bitcoin wallet

Cryptocurrency is certainly here to stay and many countries including the UAE tend to be more accepting of its presence. Some major businesses started accepting bitcoins as payment for goods and services. When you own bitcoin, one important aspect is its secure storage and that’s where a bitcoin wallet comes in. 

With that in mind, here are two best options for bitcoin wallet to store your bitcoins. Remember: it’s a good idea to stick with a single wallet for long term financial security. 

Why Should I Stick with Hardware Bitcoin Wallet? 

Well, hardware wallets keep your bitcoin keys on a special piece of hardware built for bitcoin transactions. 

You can track your bitcoin addresses and spend bitcoins using a network, tablet, or desktop application that comes with hardware wallets. The hardware bitcoin wallet stores private keys, which never leave the computer. The transaction is signed inside the hardware wallet and the output is sent to the app when you want to validate a payment. 

Legder Nano X 

The Legder Nano X is Ledger’s second-generation hardware bitcoin wallet, which was released in 2014. The Ledger Nano S, Ledger’s first cryptocurrency product, was one of the first hardware wallets on the market and dominated the room for several years. 

The Nano X looks like a USB drive and connects to your phone or tablet via USB or Bluetooth. This means you can use the wallet without a computer by connecting it to your iOS or Android smartphone. It accepts over 1,500 different cryptocurrencies. Every year, the Bitcoin community requests support for their favorite cryptocurrencies, and the list grows. 

Features 

Although the unit is a cold storage hardware wallet, the Ledger team has developed the Ledger Live app, which acts as a user interface for all of your cryptocurrency holdings. This allows users to track their investments and add new wallets for various cryptocurrencies to their computers. Hardware wallets from Ledger have been and continue to be the most common in the industry. The Ledger also includes a USB Type-C cable, which can be used to connect it to a desktop computer or a smartphone instead of Bluetooth. 

  • The user interface for Ledger Live is simple and easy to use. 
  • Can store up to 100 different apps. 
  • Customer and community support are available for open-source applications. 
  • Bluetooth integration is convenient. 

Trezor Model T 

Trezor, like Ledger, is a household name when it comes to crypto cold bitcoin wallet storage. Its Model T is the company’s second generation of hardware wallets. The Trezor Model T is similar to the Ledger, but it also allows users to navigate third-party exchanges directly from the Trezor’s website app.  

The Model T has a touch screen, which is easier for beginners to use than the buttons on the previous model. The Trezor also has a MicroSD card slot, which allows you to encrypt the PIN and further secure your computer from attacks by using MicroSD cards. 

Features 

The Trezor Model T, like the Ledger Nano X, comes with a USB Type-C cable that can be used to connect to your smartphone or desktop computer. The Trezor Model T currently supports over 1,600 different cryptocurrencies. Due to the X’s Bluetooth compatibility (although Ledger’s Bluetooth is optional), some consider the Model T to be slightly more stable than the Ledger Nano X. 

  • Web-based user interface with built-in exchanges 
  • A large number of cryptocurrencies are funded. 
  • Customer and community support are available for open-source applications. 

Now Get Your Own Bitcoin Mining Machine & Bitmain Wallet in Turkey

Phoenix Store UAE is the leading supplier of hardware bitcoin wallets and mining machines.  We have expanded our services to Turkey. Visit us at Harbiye Mah, Mim Kemal Öke Cad No 35 Ic Kapi No: 1, Şişli / İstanbul, Turkey (St.Regis Hotel Nişantaşı) or simply call us at +90 (212) 232 3202 to get a free consultation.

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