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THE BEST BITCOIN ACCOUNT – TOP WALLETS COMPARED



Bitcoin has remained a favourite topic among crypto traders since the premier
digital asset launched in 2009. 



Following a remarkable growth in 2021, Bitcoin has stirred interest among retail
and institutional investors, with many searching for the best Bitcoin account to
start their journey in 2022.

Several top platforms allow investors to own a Bitcoin wallet account. This
guide will explore the best Bitcoin accounts you can use and how to open one
within minutes.


THE 5 BEST BITCOIN ACCOUNTS REVIEWED

Cryptocurrencies have boomed in the past year, and Bitcoin has played a
principal role in the success of the crypto industry. Below are some platforms
with the best Bitcoin wallets.

 1. eToro – Overall Best Bitcoin Wallet

eToro ranks as the Best Bitcoin Account provider in our review. For one, the
eToro platform operates as a social hub solely fixated on crypto investors and
traders. Here, users from all walks of life can seamlessly share, learn, and
communicate with one another. eToro’s focus on community has seen it attract
over 23 million users from all around the globe.

The eToro platform also comes with a CopyTrader functionality that allows new
investors to copy the successful trades of more advanced traders for a nominal
fee. This way, users can profit without having the requisite expertise while
also learning in the process. eToro also features an in-house management tool
called CopyPortfolio. Users can better diversify their financial assets among
several top-performing sectors and regions with this feature.

eToro has a crypto wallet that supports over 120 digital assets. This also comes
with a password recovery phrase for when users lose their private key. In
addition, eToro Crypto Wallet allows up to 500 crypto-to-crypto pairs and is
regulated by the Guernsey Financial Services Commission (GFSC).

To get started, eToro offers a low initial minimum deposit of $10 (for US and UK
users), and you can easily make deposits through bank wire transfer,
credit/debit card, PayPal, Skrill, Neteller, and several others.

eToro is regulated broadly by UK’s Financial Conduct Authority (FCA) and the
Australian Securities and Investment Commission (ASIC). The platform is also
regulated by the Cyprus Securities and Exchange Commission (CySEC), and the
Financial Industry and Regulatory Authority (FINRA).

Open a Bitcoin account at eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.

 2. Binance – Best Bitcoin Account for Asset Diversity

Binance is another top platform to buy Bitcoin. Presently the world’s largest
crypto exchange by trading volume, Binance offers the trading capability for
over 500 crypto assets. Added to this, Binance is the most innovative crypto
platform with top-notch financial services on tap.

Investors can use the Binance spot, margin, futures, and perpetual trading
features to tap into the crypto ecosystem. In addition, the Binance Earn program
allows investors to generate variable yields on their crypto holdings.

Binance exchange enforces strict security measures, including driver’s licence
or official passport as well as facial verification. The Bitcoin exchange has a
low trading fee of 0.10%, which can be slashed further to 0.025% if a user owns
Binance Coin (BNB).

The minimum deposit is pegged at $10, and users can easily fund their account
with a bank wire transfer, debit card, and peer-to-peer (P2P) payment method.
However, debit card transactions are charged 3.9%, with P2P coming with zero
fees.

Open a Bitcoin account at Binance.
Your capital is at risk.

 3. Coinbase – Best Bitcoin Account for Beginners

Coinbase also makes the ranks of the Best Bitcoin Accounts due to its
beginner-centric approach in onboarding crypto newbies. Launched in 2012,
Coinbase is on a mission to make it super-easy for anyone interested in
cryptocurrencies to buy, sell, and trade digital assets. 

Coinbase owns one of the best cryptocurrency wallets, allowing crypto owners to
store their funds easily. Coinbase allows the trading of 300+ digital assets in
terms of crypto support.

Coinbase exchange has a variable trading fee structure starting at 0.1% on its
Coinbase Pro platform and the minimum deposit is pegged at $2. The Nasdaq-listed
US crypto exchange is regulated by the UK’s FCA and the Financial Crimes and
Enforcement Network (FinCEN).

Coinbase is highly user-intuitive. The exchange has an advanced trading platform
called Coinbase Pro, with more indicators and lower fees.

Open a Bitcoin account at Coinbase.
Your capital is at risk.

 4. Webull – Best Bitcoin Account for 0% Commission

Webull is a new-generation crypto brokerage firm that has taken the crypto space
by storm. Webull offers zero minimums and 0% commission for all financial assets
offered for a start.

The platform is regulated by the US Securities and Exchange Commission (SEC),
FINRA, and is a member of the Security Investor Protection Corporation (SIPC).
You can easily buy, sell, and trade over 11 digital currencies, including BTC.
As per fees, Webull charges $0.

Open a Bitcoin account at Webull.
Your capital is at risk.

 5. Exodus – Best Bitcoin Account for Mobile and Hardware Wallets

Exodus is a crypto-native digital facility that enables the storage and exchange
of over 100 different cryptocurrencies. Accessible on desktop and mobile
applications, Exodus crypto wallet is also compatible with digital hardware
storage.

Exodus also comes with a slew of decentralised applications (dApps) for a more
refined decentralised finance (DeFi) experience. Added to this, Exodus is
clean-cut and offers a highly intuitive user interface for easy sending,
receiving, and exchange of digital assets.

The platform comes with live chart support for digital assets and an in-built
exchange protocol.


HOW TO CHOOSE THE BEST BITCOIN ACCOUNT FOR YOU

Choosing the best Bitcoin account to use should depend on the following critical
factors:

 1. Licensing & Security

Only use a Bitcoin wallet account properly licensed by a recognised global body.
A heavily regulated platform would naturally come with a strong security
measure. Given the proliferation of crypto hacks, this is very important if you
intend to safeguard your digital funds.

 2. Account services

Account services also go a long way in aiding your Bitcoin trading experience.
The more tools a platform has, the easier it is to make a profit. One of the
most feature-rich platforms is eToro which comes with CopyTrader and
CopyPortfolio functionalities.

 3. Mobile app

Mobile applications provide better accessibility and engender ease of use. A
Bitcoin trading platform should come with a mobile version of its web trader and
enable mobile-friendly payment solutions like PayPal, Skrill, and other e-wallet
solutions.

 4. Customer Service

Customer support is pertinent when dealing with cryptocurrencies. Several
investors are still quite new to the crypto space. Having a great customer
support service helps users easily troubleshoot issues.


HOW TO OPEN A BITCOIN ACCOUNT

Creating a Bitcoin account has become easier as the year goes by. One of the
best trading platforms to invest in the premier digital asset is our recommended
eToro. You can get started with these steps:

 1. Open an account with eToro

Visit the eToro official website and click on the ‘Join Now’ icon to access the
sign-up page. Here, you will need to provide a few details, including your full
name, mobile number, username, email address, and password. You can also create
an account using an existing Google or Facebook account.

 2. Verify Account

You will need to complete the know-your-customer (KYC) process to unlock the
full potential of the eToro account. To do this, upload an image of your
driver’s licence or government-issued ID card for identification and also a
snapshot of your recent utility bill or bank statement.

 3. Deposit Funds

Once your account has been verified, you can now head over to deposit. To do
this, click on the action tab and tap on the ‘Deposit Funds’ button. Then select
a payment method and insert how much you want to fund your account with. Click
on ‘Deposit’ to conclude the transaction.

 4. Buy Bitcoin

To buy Bitcoin, type ‘BTC’ into the search bar and click on ‘Trade’ on the
relevant pop-up result. Then insert how much BTC you want to buy and click on
‘Open Trade’ to finalise the transaction.

 5. Transfer BTC

You can easily transfer your digital funds like BTC to the eToro Crypto Wallet.
After downloading the mobile app, tap on the ‘Portfolio’ icon, select the
digital asset, then tap on ‘Transfer’ to move the funds out of the regular eToro
trading platform for safekeeping.


CONCLUSION

Bitcoin has seen exponential growth in its 12-year journey. The interests in the
digital asset will continue to grow as retail and institutional investors
continue to regard Bitcoin as an inflation hedge.

For the best Bitcoin account, we recommend using eToro.com due to its low fees
and CopyTrader functionality.

Open a Bitcoin account at eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection. Your capital is at risk. Additionally, 68% of retail
investor accounts lose money when trading CFDs with this provider. You should
consider whether you can afford to take the high risk of losing your money.




TOPICS

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