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What Are the Best bitcoin Wallets For Beginners?

by GBAF mag

If you have been around the virtual currency market for any length of time then you know that the price of most all coins has fluctuated up and down quite substantially in recent months. While this natural movement is to be expected, it can often make the process of choosing the best coins very difficult. Deciding which coins are the best value does not have to be a daunting task, though. There are a few key factors to consider when selecting the best ones. There is nothing more frustrating than buying a coin only to find out it has lost half of its value in a matter of hours!

Perhaps one of the most important things to look for when trying to determine which coins like bitcoin are the best are the providers. There are two main providers of the decentralized exchange currency used on the BitGo mobile app. The company is based in South Africa but works with several international banks. Exchanges like Shapeshifter offer a similar service but they are based in the United Kingdom. All major worldwide banks work with either one or both of these companies, so they are some of the best places to start when trying to decide which are the best.

With such volatility in the marketplace you want to make sure you are investing in the right thing. One of the newest currencies to come out of the Ethereum network is Stratis. The company plans on expanding their business with the help of a number of partnerships. A big name that has already partnered with Stratis is FAP Turbo. This is an auto-trading software that automatically purchases and sells ether, bitcoins, and other forms of currencies. These robots can make your investing experience much easier.

In terms of the best overall service, you have two options. You can either go with a broker or buy an open account at a local or online brokerage. Open accounts give you more leeway since there are no fees for the brokers. There are also no minimum balance requirements or minimum transaction size requirements. These account holders can use their credit cards and debit cards to make deposits. With a full service brokerage you have access to the full range of the bitcoin platform.

If you do not want to go with the full exchange you can opt for a mini exchange. This includes smaller marketplaces that allow you to buy bitcoins and transfers out of the exchange. You can use these mini-exchanges to make smaller transactions than if you were to do a full exchange.

One of the best aspects of the latest releases of the bitcoin wallet is the lightning fast transaction times. Transactions can be done in less than 10 seconds. This feature has been around on the smaller test networks but was not available on the main network until late in the year. Developers are still working on adding this feature to the main ledger but it is not far off. When it is available, you will be extremely happy that you have the ability to make instant transactions.

A final feature for the best bitcoin wallets is the ability to monitor your transactions. You will be able to see which coins are not being spent as well as how much money is leaving your pocket at any given moment. Some of these features include a real-time tally of how many unspent coins are left as well as how much money is in hot wallets. Some of these hot wallets will transfer the money directly to your digital wallet while others will give you an alert if you need to add more funds to your hot wallet.

All of these features are new and improved with the latest release of the Electrum wallet. The best hot wallet solutions will offer these features and more. I recently tested the Electrum for beginners series and can say that it is by far the best program for beginners to use.

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