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While many people and companies might be flocking to invest and trade Bitcoin, the truth is that it's not always a safe idea. Bitcoin is a criminal currency — or, at least, that's been the case with Dark Web sites like Silk Road and similar marketplaces.
Considering its history with illicit trading, it should come as no surprise that the online currency has attracted a fair amount of scammers in recent years. One of the more common scams people fall for is the "faux Bitcoin wallet" or faux Bitcoin software.
With faux wallet scams, Bitcoin users download software that ends up stealing their money from them after a couple of transactions. This alone should be reason to be very careful when downloading any kind of Bitcoin app.
Wondering which apps are legit, and which will make you want to quit? According to cybersecurity experts, these are currently the most trustworthy Bitcoin apps available...
San Francisco-based Coinbase is one of the most trustworthy Bitcoin apps you can download. The app features highly secure trading options, and gives you the option of investing in Bitcoin, Etherium, and other cryptocurrencies in a pinch.
Along with great trading, Coinbase makes a point of letting users stay on top of the market values of each currency. Coinbase also links with your credit card or bank account for easy cash-in, cash-out uses. In other words, it's both an e-commerce platform and an investment platform, all in one.
Currently, Blockchain is one of the most popular Bitcoin wallets in the world. It boasts over 14 million users, can be used on a variety of different platforms, and also has been recognized as one of the most trustworthy Bitcoin apps on the market.
What makes Blockchain so popular isn't just its awesome security, though. It's an app that's designed to make Bitcoin as user-friendly as possible. The app's setup is intuitive, allows you to transfer coins seamlessly, and also lets you have backup funding options, too.
Overall, Blockchain's app is one of the most intuitive mobile wallet apps we've ever seen. Everything is so fluid, it's sometimes hard to believe you're using cryptocurrency rather than PayPal.
Blockfolio is more than just one of the most trustworthy Bitcoin apps on the market — it's one of the most useful for altcoin investors. It's a specialized investment app that allows you to keep tabs on the values of over 800 different cryptocurrencies.
That being said, Blockfolio is not a mobile wallet. However, it's still a trustworthy tool that can allow you to optimize your investments in a flash. So, if you're looking to improve your investment return, downloading Blockfolio is a good way to do it.
If you're looking for a highly secure mobile wallet and vault, then look no further than Xapo. Cybersecurity experts call it one of the most trustworthy Bitcoin apps on the market because of the industry-leading safety features Xapo employs.
Xapo allows you to store Bitcoin safely, but also works a lot like a Bitcoin debit card — if you want to spend your coinage, that is. Needless to say, it's popular for a reason, and it's one of the best apps you can have if you want to be able to spend your Bitcoin freely.
Perhaps one of the most innovative Bitcoin wallets comes from Wirex, a company that developed one of the most trustworthy Bitcoin apps on the market. With Wirex, you get to send Bitcoins to family members instantly, and also literally feel your Bitcoins via a plastic debit card.
Yes — we're not joking. This is a Bitcoin debit card, plus a Bitcoin mobile wallet. It's that cool, and it's slated to have over a million customers by the end of the year. If you want to store your Bitcoin as they go mainstream, Wirex is the best way to do it.