Category Bitcoin wallets

Bitcoin Wallets

Where do you keep your earned Bitcoins?

You need a wallet to store, send and receive Bitcoins. There are different kinds of bitcoin wallets available and I have reviewed the following:

1. Trezor
The Trezor hardware wallet is targeted at bitcoiners who wish to maintain a substantial stash of coins, but do not want to rely on third-party bitcoin storage services or impractical forms of cold storage. Developed by Czech startup SatoshiLabs, the $99 device is essentially a USB dongle designed to add an extra authentication layer to all outbound bitcoin transactions.

By virtue of its design, Trezor can be used to sign transactions on ‘unsafe’ computers and is impervious to keyloggers and many other vectors of attack, so even if your host PC is compromised, the attacker has no way of getting your private key. Apart from Bitcoins you can also store the following cryptocurrencies – Ethereum, Litecoin, DASH and Zcash.

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2. Ledger Nano S

Ledgerwallet the company behind ”Ledger Nano S” Cryptocurrency Wallet have released two other Hardware wallets in the past, Ledger Nano and Ledger HW.1. Unlike the previous models the Ledger Nano S features a small built-in screen from which Users can directly gather important information, via the device reducing the risk of computer malware threat since it embeds a secure OLED display that allows an individual to double-check and confirm each transaction with a single tap on its side buttons.

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