If you own Bitcoin, you know how important it is to keep it safe and secure. You wouldn’t leave your cash lying out in the open for anyone to grab, so it only makes sense that you would treat your digital assets the same way. In that same vein, you wouldn’t store your Bitcoin in an unsafe and unsecured place.
So then, which one should you use to protect your Bitcoin? Our answer to this question is the Bitcoin Depot wallet. Why should you use it? We’re so glad you asked. Keep reading, and we’ll tell you.
Before we jump into why you should use the Bitcoin Depot wallet, let’s discuss what a Bitcoin wallet is.
For starters, a Bitcoin wallet doesn’t actually hold your Bitcoin, which is what a lot of people think. Your wallet actually contains your private keys, which are passwords used with the blockchain that grant you access to your crypto. These passwords prove you own the Bitcoin, which then lets you send and receive it.
There are many different types of Bitcoin wallets, including paper wallets, hardware wallets, mobile wallets, desktop wallets, and web-based wallets. To learn more about the different types of wallets, check out our article discussing them.
Let’s take a look at some of the reasons you’ll want to keep your Bitcoin in your Bitcoin Depot wallet.
You buy your Bitcoin from a Bitcoin Depot BTM, so why wouldn’t you store it in your Bitcoin Depot wallet? It is built right into the Bitcoin Depot app, so you don’t have to worry about keeping track of another app on your phone. It’s right there!
Maybe we should have led with this, but our goal is to make things easier for our users, not more difficult. Some wallets have so much going on it’s tough to know which menu leads to sending and receiving Bitcoin. We keep things simple and straightforward. There’s no guessing. Everything you need is right up front, allowing you to quickly add Bitcoin to your portfolio.
If you’re the type of person who prefers to be in charge of the security of their crypto, then a non-custodial wallet is the way to go. With a non-custodial wallet, you’re responsible for your Bitcoin, and you are in complete control of it. You’re not subject to the whims of an exchange that may or may not approve your transaction or, even worse, may prevent you from withdrawing your Bitcoin. With a non-custodial wallet, you decide where your Bitcoin goes…or doesn’t go.
There are few things more frustrating than finding an app or program you really want to use only to discover that it’s not available on the device you’re using. That’s why the Bitcoin Depot wallet works with both Android and iOS. That way, if you decide to make a switch, you can take your Bitcoin with you.
The Bitcoin Depot wallet is compatible with iOS and Android, which means you can download it onto your smartphone, tablet, or any other device that supports these operating systems. It also means that you’ll have your Bitcoin anytime you need it, especially when you visit one of our thousands of Bitcoin Depot BTMs.
Unlike the wallet or purse you use for your physical currency, the chances of your Bitcoin Depot mobile wallet running out of space are essentially nill. Add as much Bitcoin as you want to your Bitcoin Depot wallet, and never worry about whether or not you have enough room.
With the Bitcoin Depot wallet, you’re responsible for your Bitcoin. No one can access it unless you give them the permission they need to do so, which you should only do for people you trust implicitly.
Many wallets and exchanges don’t see the point of customer support. Bitcoin Depot, on the other hand, believes that those who need help should receive it. That’s why we offer support when you need it, ready to answer your questions or concerns.
Obviously, this question is rhetorical. Bitcoin Depot offers a wallet that’s built into its app, is easy to use, is convenient, and gives you complete control of your crypto. When it comes to storing your Bitcoin, the question of which wallet you should use has a clear answer.