If you are someone that wants to get involved in the world of bitcoin, then the very first thing that you have to focus on is finding the perfect wallet for you because, without it, there is no way for you to get any bitcoins. There are a few different kinds of wallets out there and when choosing between them there are a few important factors that you need to consider, and that is exactly what we will be discussing in this article, so make sure to keep on reading if you are interested in 2018.
Are you constantly on the go?
This is the first and one of the most important factors to consider when choosing the right wallet for you. If you are constantly on the go and you want to have access to your wallet at all times, then a desktop or hardware one is probably not for you and you may want to consider a wallet that can be installed on your smartphone. However, if you don’t intend to use bitcoin on the go, then you don’t have a need for something like that. Make sure to look at your daily routine and figure out if you will need your wallet on the go in order to decide which type is the right one for you.
What are the amounts that you will be dealing with?
Another really important factor is the amount of bitcoin that you will be dealing with because that will determine the security level of the bitcoin wallet that you will need. Obviously, if you are dealing with large amounts, you will need a much higher security and a mobile wallet is not something that you want for that purpose. If this is the case, then you will probably be better off with a hardware wallet, but if you only want to deal with very small amounts, then this won’t be a necessity. In any case, considering this factor is also very important when choosing the wallet.
How frequently will you be making payments?
Again, this has a lot to do with whether you are on the go, how often you would use the wallet and if you want to deal with larger or smaller amounts. If you plan to make those payments much more frequently, then it will probably a great idea for you to have the wallet on you at all times, but if you don’t then you really don’t need anything as accessible as that. Depending on the frequency of the payments, you can decide whether a mobile or a desktop wallet is the way to go for you.
Now that you are familiar with the key factors that you need to consider, it is time for you to do your research and figure out which wallet is the right one for you. Whether you choose to go for a desktop, hardware or a mobile bitcoin wallet, there is definitely an option out there for you and all you have to do is find it.