The best web, computer and phone app wallets for your bitcoins.
Many people write Bitcoin off as an exciting experiment that just isn’t safe enough to use securely. Headline-making news like the collapse of exchange house Mt. Gox following its loss of around $350m in lost bitcoins make interested parties shy away from buying a few of their own.
But with a little bit of research you can actually ensure your bitcoins stay yours. Digital wallets are not only necessary to be able to trade more bitcoins (they act as a send/receive address for the currency as well as storing them), they’re actually a pretty safe way of securing your cyber cash if you pick the right one.
There are lots of web-based wallets, downloadable wallets and app-based wallets for your smartphone.
But instead of you having to trawl the web to find the best ones, we at CBR have listed our favourites below.
Don’t worry, there’s a backup copy stored on Blockchain’s server, but the idea is to let you be in control of your cash: no transactions can be made on the server-held copy.
It’s pretty secure: access is only granted with a password, and it gets locked for four hours with too many failed attempts. It also offers multi-factor authentication, while you’re advised to create a copy of the wallet too, which is easy to send to your email address.