As bitcoin has grown in popularity over recent years, so, too have the numerous options for bitcoin wallets. With every major platform offering its version of a BTC wallet that’s supposedly “better than the rest,” it can be hard to identify the best option for your needs. One thing’s for sure: every bitcoin wallet is not create equal, and what works for you will depend on what you’re looking for out of your BTC investment. At BitLeague, we offer a zero-fee, completely free bitcoin trading experience that can earn you up to 9% in guaranteed returns, year over year. Additionally, early withdrawals from our return generation plans are penalty free, which means you can buy or sell whenever you want, with no worries.
Whether you decide a platform like ours is the best place to store your crypto or not, there are a few things to consider when choosing a wallet.
Ease of use
The easier it is for you to buy, sell, and otherwise access your bitcoin, the better. Your bitcoin wallet should allow you to exchange quickly, view your balances, and withdraw without having to do a whole lot of thinking. It’s important that you understand processes, know wait times and fees (if there are any), and feel confident managing your bitcoin. If, like some traditional bank accounts, there is a daily, weekly, or monthly limit to what you can do with your BTC, that’s something to consider for the long term. Bitcoin is not regulated by large corporate institutions or shareholders, which means the same stuffy parameters and confusing requirements don’t need to apply. With many BTC wallets, you can exchange or withdraw as often as you want, whenever you want. Those looking for a bitcoin wallet should consider this as a standard, at the very least.
Without question, security is one of the most important things to consider when choosing a BTC wallet. Whether you plan on holding on to your bitcoin for the short term or long term, you should have the peace of mind that it is secure and protected. At BitLeague, we store the majority of our assets in offline cold storage, in a cement case that weighs over a ton and is protected by a Faraday cage. We only house a small portion of assets in our online, “hot wallet,” and those assets are secured by a multilayered, tiered security system with the highest levels of encryption. Additionally, we are insured with millions of dollars in protection, and work with leading American custodians to store fiat currency.
The bitcoin wallet that you choose should have a similar level of protection, and should be more than willing to offer information about it. It’s your currency that will be stored there. You deserve to know exactly how secure it is.
We’ll admit — we are a bit biased when it comes to how much we think bitcoin wallets should charge in fees. And that’s 100% because we charge absolutely nothing. Nothing to create an account. Nothing to deposit BTC. Nothing to withdraw. And nothing to exchange. But if you feel compelled to go with another option, it’s important that, at the very least, you inquire about the costs that could be associated with each transaction you make. Ensure that you understand why you’re being charged, what it’s for, and if it’s absolutely necessary. Make sure you’re comfortable with paying any fees associated with your account before you deposit bitcoin into a wallet, because once you’ve deposited, it could be difficult to get your bitcoin back without having to pay those same fees.
Every bitcoin wallet doesn’t have associated costs. Do your research to determine which has the best mix of affordability and features before making your decision. At BitLeague, we’ve been the industry’s gold standard for free wallets that go above and beyond basic banking. To discover more about what we offer, visit us online and create a free account in minutes!