The universe of cryptocurrency wallets can be mind-boggling for newcomers and there are not many things to know about, first to stay away from frustration or perplexity. Digital money wallets are partitioned into hardware and software wallets.
Interested in investing in Bitcoins or other Altcoins?
Software wallets are those that should be associated with the web so they can work, which are most of the wallets out there. These can be wallets that you either download to your desktop or portable device or can likewise be cloud-based (which are less secure).
Hardware wallets, as a rule, allude to physical hardware wallets, for example, the Trezor crypto wallet is viewed as the most secure wallet to utilize. In case you’re putting away a lot of Bitcoin or digital currency, it’s prescribed that you utilize a hardware wallet which is a lot harder to hack and include more prominent degrees of security. In case you’re simply beginning with a couple of assets, a software wallet will be fine.
|Ledger||Ledger Nano X||Check Price on Amazon|
|Ledger||Ledger Nano S Cryptocurrency Hardware Wallet||Check Price on Amazon|
|Trezor||Trezor Model T||Check Price on Amazon|
These are a description of the best hardware and software Bitcoin wallets for Mac and other cryptographic forms of money. For those beginning, we suggest utilizing one of the software wallets for desktop applications, for example, Exodus, however in case you will deposit a lot of money, you ought to get yourself acquainted with a hardware wallet as soon as possible. The significant thing is to use any one of them instead of leaving your funds on a crypto exchange.
Here then is our list of the best Bitcoin wallets for Mac in order of ranking.
Top 3 Bitcoin Wallets for Mac
Exodus Wallet for Mac Os
Exodus appears as though it was a crypto wallet planned explicitly for Macintosh OS even though it’s accessible on both Mac and PC. Exodus is staggeringly smooth however what we truly like is that Exodus is incorporated with ShapeShift. This implies there is no compelling reason to go to trade to purchase different coins, you can just trade say Bitcoin for Ethereum inside Exodus. Exodus just takes a little trade charge which means it’s cheap and simple to obtain an arrangement of coins without leaving the application.
Exodus is a relatively new desktop wallet and in addition to its advanced features, what sets it apart from other wallets is that is very easy to use and extremely intuitive. Any beginner can complete a transaction or operate in an easy to understand step-by-step manner. Being a pure desktop wallet, it supports Windows, Mac OS, and Linux platforms and there is no mobile version available. You need to download and install the wallet into your computer directly.
Exodus wallet has a built-in shapeshift exchange which enables users to trade between Bitcoin and altcoins inside the wallet itself. The desktop wallet showcases the coins you are going to get in the trade in both crypto and fiat values as well as the current spread of the transaction. Additionally, not just Shapeshift, they also have multiple exchange partners (not just ShapeShift), which means they can now offer more exchangeable assets, and the capability to source from various partners has enabled exchanging in Exodus faster and much more reliable.
Exodus is simple and extremely easy to navigate. It gives you a nice overview of your crypto portfolio in a simple pie chart format. Exodus automatically connects to crypto P2P networks so that your currency values update in real-time.
What is handy is if you click on the Exchange tab, you can change any currency instantly. Exodus will send the exchange to ShapeShift and when complete, you’ll hear a reassuring cash-til sound effect which notifies you that your money has been returned in the new currency.
Don’t worry if there’s a delay as it can take some minutes to exchange the currency depending on the cryptocurrency you want to exchange. If you don’t see the currency exchange visible in Exodus, just click on the Wallet and then click on the currency symbol at the top of the screen and the figures should update. The one thing to be aware of with Exodus is that its not open source.
Potentially, this means the developers could insert malicious code into it although this is probably unlikely. If you’re just storing relatively small amounts of crypto, you don’t have anything to worry about but if its larger amounts, you may want to consider a cold wallet like the Trezor.
Bottom line if you’re looking for something user-friendly that looks great on Mac, Exodus is an elegant and easy to use cryptocurrency wallet for macOS.
Though it initially supported about 40 cryptocurrencies, the number has gone up as close to 100 now which includes most major ones such as Bitcoin, Ethereum, Litecoin, Ethereum Classic, FunFair, Gnosis, Golem, OmiseGo, Qtum, etc.
Exodus security and other features
Being a desktop wallet, Exodus encrypts and stores all your data in your computer hard drive i.e. locally thus you are always in full control of your keys and data. The wallet offers a very simple guide when you want to back up and it does not store your keys on the server during backup.
When you need to restore the wallet, they email you a secure link that is protected by a 12-word passphrase and Exodus key to reactivate your wallet. This passphrase is very important as you will be your only way to get your wallet back in case you have forgotten your password. But if you lose your passphrase, then there is no other way to get access to your account.
Note here that though they take security very seriously, the team is yet to offer the two-factor authentication feature.
Exodus does not require a personal email and therefore, does not store it – a great feature. You may choose to use any email address or none at all. It only needs an email id once for sending the backup link. Privacy is crucial to the Exodus team and therefore, they do not store any customer personal data, not even the email address.
Exodus Advantages and Disadvantages
The wallet has great design
The desktop wallet is 100% free to use
Good privacy and security
It is engineered keeping beginners in mind therefore easy to use
Intuitive interface with powerful charting tool at your disposal
It supports multiple cryptocurrencies
It has built-in trading and portfolio functions
Offers automatic fee adjustment
Offers great help and prompt support
Exodus doesn’t offer any web interface or mobile app
It has limited security features
There is no two-factor authentication in offer either
Trezor is a hardware wallet which is the safest type of crypto storage you can get. In case you’re profiting in digital money trading, it is a little cost to pay for ultra-secure insurance. Trezor adds different layers of security to your advanced money. It connects you and your Mac through small scale USB and will possibly interface when you enter a PIN. Most real monetary forms are upheld on Trezor If you lose your Trezor, don’t stress. For whatever length of time that you have your secret seed recorded in someplace, you can recoup your assets. Utilizing a hard crypto wallet, for example, Trezor is more confounded than a delicate wallet like Exodus thus to show signs of improvement and process of how it functions, follow the review below.
Trezor is a Prague-based company and they have built one of the most accessible and convenient hardware wallets ever. It is insanely simple to use and the sleek design means that you can carry it around with you very comfortable. Trezor is compatible with Windows, Mac OS X, and Linux. To use it, you can plug in the USB drive to your laptop and connect to your chosen interface.
You will have to enter the PIN which will be randomly generated by your wallet every single time and will be displayed on the screen of your wallet.
The number will randomly generate for every single transaction. This gives an added layer of security to your cryptocurrency. In case, you have some keylogger in your computer recording your activities for malicious purposes they won’t be able to get access to your wallet because the pin will keep changing.
After you have put in your PIN, you will have to put your passphrase which is known to you and only you. When you are done, you will gain complete access to your wallet and you can send/receive funds as and when you please. If you are sending someone money, your Trezor will ask for your confirmation by showing a message on its screen.
As per Trezor’s website, they support 1064coins. These include the following:
- Ripple (only Model T)
- Bitcoin Cash
- Ethereum Classic
Trezor Advantages and Disadvantages
Extremely simple to use.
Very sleek design.
It can be used on all devices provided the platforms are compatible (Windows, Mac OS X or Linux).
Never exposes your private key.
Randomly generated pin code keeps the device safe and secure.
Costs $99 which is a bit steep.
Trezor One doesn’t support Ripple (XRP).
Not as inconspicuous-looking as Ledger Nano.
Electrum Wallet for Mac Os
Electrum is not selected to win any prizes for its structures yet it’s seemingly the safest software wallet out there. Electrum is sacred to use and close to Trezor as an ultra-secure crypto or Bitcoin storage answer for Mac. Electrum is open-source which means it’s a lot harder for indirect access to show up since it is a companion tried by different clients and software engineers. Electrum is certainly one for those that are cautious with regards to Bitcoin and other crypto exchanges as checks for exchanges that are in the Bitcoin chain. If you’re knowledgeable about digital currencies and aren’t threatened by essential GUIs, at that point Electrum merits taking a shot at.
Electrum is one of the oldest Bitcoin wallets in the market. Thomas Voegtlin created it way back in November 2011 and various developers have since modified it. Since Electrum is a client-based wallet, you can download the software and run it from your computer. Unlike most other desktop bitcoin wallets, there is no need for you to run your entire blockchain. Electrum can be run on Windows, Linux, or macOS.
While Electrum is primarily a desktop client, it has released an Android wallet in March 2016. The android client has a 3.3 rating on the Google Play store and the majority of the ratings are either 5 stars or a 1 star. Having said that, Electrum is still one of the most popular wallet solutions for desktop users out there. Electrum ensures speedy transactions and keeps waiting time low via server usage.
The wallet ensures complete verification of all the transactions in your wallet history. Electrum has incredible security and prevents theft and fund loss. The open-source code of the wallet is written in Python, which is widely used by developers so developing is easy. The single wallet can be executed on multiple desktops with automatic synchronization. The user-interface can be a little difficult for beginners.
Electrum offers hardware storage to store up your Bitcoin. The online desktop software wallet version is used to finish transactions and making payments. It can integrate with existing hardware solutions, including KeepKey, Trezor, and Ledger Nano.
The private keys of the users are not sent to the servers, they are instead encrypted, giving you full control and ownership over your private keys.
Advantages and Disadvantages of Electrum –
The platform is popular and is one of the oldest Bitcoin wallets in the market.
The setup is pretty straightforward and the wallet is pretty fast.
The wallet also has very good privacy features and keeps your Bitcoins secure.
Integration with hardware wallets like Ledger and Trezor is available.
It also has an Android application that you can use on your mobile.
Unlike Exodus, it only offers Bitcoin services.
The reception to the Android app is mixed.
The interface is not easy for beginners.
Crypto wallets are the safest method to store cash, for example, Bitcoin and Ethereum in case of a digital money trade hack. They’re additionally more secure than portable cryptographic money wallets because your Mac is tougher to hack, steal or lose than your portable device.
The market for crypto and Bitcoin wallets for Mac in 2020 is still particularly advancing however and can be very strange for newcomers.
We’ve secured everything here from ultra-secure disconnected hardware wallets to the best software wallets cryptographic money desktop wallets.
Whichever wallet you pick, we firmly prescribe exchanging with alert on the trades utilizing suggested wallets.