Which wallet is best to accumulate Bitcoin?I had discussed some of the
wallets types before, you can go for hardware base crypto wallets for better security, and I only mentioned 3 hardware wallets there and some other hot wallets. But in here, you will find the best options to store your BTC for long term using hot wallets.
1: Exodus:Exodus is best for beginner as they have 24 hour lives support and you can use it on phone and pc.
Pros:• You can add
Exodus with Trezor hardware wallet.
• Combining with hardware wallet increases security.
• It supports 240+ assets.
• You can use its web 3, desktop and mobile version as per requirement.
• Built in exchange.
Cons: • It is not an open source wallet
To see the difference between open source and close source wallet. Pay visit
here.
2: Electrum:Electrum is a free cold wallet which provide next level security with its unique features. It’s in the market since 2011.
Pros: • We can use it on all the operating system, such as Android, Window, MacOS, Linux and Python.
• We can use their Cold Storage option to keep seed phrase to perform actions, and hot storage can be used to watch the balance.
• It supports hardware wallets like Trezor, Ledger and Keepkey.
Cons:• Only useable for storing Bitcoin.
• 24 hours support is not available here.
This made me a little confuse as maybe i am missing something as why the Exodus is better than the Electrum wallet. I am more curious to know this because i haven't used Exodus wallet but frequently used the Electrum wallet.
Also as per my knowledge , Electrum is the best and safest software wallet after the hardware wallets.