Best Bitcoin Wallet Reviews and Comparison for 2018

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The company supports payments through a debit card system, making it easy to spend your bitcoins. A random word seed is generated upon setup and backed offline by writing it down on a piece of paper. Replace by Fee RBF: Very flexible and adaptable to just about any situation, offers industry-leading security features. Think of hot wallets like your wallet today. So they each get one key and use a multisig wallet that requires two out of three of those keys.

Types of Wallets

Choose your Bitcoin wallet

Bear in mind that some wallets will fulfill more than one criteria. For example, you can have a mobile SPV wallet that also has a multisig feature. Because private keys and seed phrases have complete power over your Bitcoins they must be kept secret and safe.

A standard Bitcoin wallet i. One interesting product people often use for backing up their wallets is the Cryptosteel, an indestructible metal plate that has your private key on it.

You can see some test I ran on it below:. Each Bitcoin transaction is attached to a transaction fee. This fee is included in order to incentivize Bitcoin miners to include the transaction in the next block of transactions. Since if a lot of people want to confirm their transactions, they will start bidding up the attached fees. Therefore, a fee that was considered high yesterday might be considered low today. Here are the main ones you need to be aware of, since not all wallets support these features:.

Segwit is an upgrade issued to the Bitcoin protocol, which—among other things—allows you to shrink your transaction file size hence reducing your required fee.

Replace by Fee RBF: Your wallet will then automatically rebroadcast the transaction with a fee raised to your required level. Hackers will sometimes introduce a new wallet to the app store or Google Play with the intent of stealing user funds. The wallets listed on this page have all been around for at least two years and have gained good reputations from the Bitcoin community.

Hardware wallets should only be bought from the manufacturer or an authorized reseller. Having said that, most reputable hardware wallets have a built-in mechanism that will alert you if your device has been tampered with. They also should come sealed with a holographic sticker showing that the device has never been opened.

One thing to keep in mind is that the seed phrase for the hardware wallet should be generated by the device itself and not by the manufacturer. This is done so that only you will know the seed phrase to your device. Once he uploaded funds to the wallet, they were stolen, as the seller knew his seed phrase. The following section features summarized reviews of the most popular Bitcoin wallets around.

The most popular model today is the Ledger Nano S. Beginner friendly, very secure, great support. The combination of world-class security with the flexibility of any other web wallet makes it ideal for beginners and experts alike. The company has been gaining a nice amount of traction and reviews throughout the last year. Extremely secure wallet, easy to use and intuitive interface, supports additional wallets and altcoins.

High price tag relative to its competitors. The Bitcoin exchange service is available in 19 countries around the world. Its online wallet is beginner-friendly, but the fact that the company holds your funds can be somewhat risky. Beginner friendly, ability to add funds from within the wallet, established and respectable company.

The most popular Bitcoin wallet today, Blockchain. However, since the wallet is loaded from their servers, some trust in the company is still needed.

Recommended for beginners who are trying out Bitcoin. Third-party trust required, hard to make completely anonymous payments. Exodus is a relatively new wallet launched July that allows you to store not only bitcoins but also litecoins, dogecoins, dash, and ether.

You can also trade cryptocurrencies from within the wallet. Currently, the wallet is available only in a desktop version. Easy to use, allows the trading of cryptos from within the interface, self-hosted, awesome support from the founders.

Limited only to desktop at the moment, relatively new company. Jaxx is an all-platform Bitcoin and Altcoin wallet that allows you to store cryptocurrencies and also exchange between different currencies from within the wallet via the ShapeShift exchange.

Easy to use, allows you to trade cryptos from within the interface, self-hosted, awesome support, works on multiple platforms. Relatively new company, there have been some issues reported for Linux users. Mycelium is a popular mobile app wallet that features a wealth of advanced privacy and security features. As an open-source software program, Mycelium is constantly being upgraded. While Mycelium is primarily a hot wallet, there are some cold storage features for Bitcoin users looking to put their wealth on ice.

Advanced privacy features make this app great for people looking to stay anonymous, advanced security features will help keep your Bitcoin wealth secure. KeepKey is one of the newest players in the Bitcoin market. It has a very sleek and unique design, which makes it probably the best looking physical Bitcoin wallet out there. The device itself is very intuitive and easy to set up. You can read a full KeepKey review here. Beginner friendly, great design, simple to use, secure. Looking for a desktop solution for your Bitcoin wallet?

Bitcoin Core offers a lot of security and privacy features, and it supports complete transparency. Bitcoin Core is well regarded for being a stable system, though it can use up a lot of memory and space on your computer. Still, for modern computers, the hardware requirements are rather low. Features plenty of security and privacy features and offers a highly stable system. This fast, lightweight desktop app is a good choice for someone using older and less powerful computers for their Bitcoin storage.

The most processor-intensive parts of the wallet are handled by remote servers. While many apps are processor intensive, Electrum is known for being fast and lightweight. Not friendly for newbies, and the reliance on external servers could present security threats. Amory is a well-known and trusted brand when it comes to Bitcoin security, though the app is best for more advanced users. Armory is among the most respected brands when it comes to Bitcoin security.

Very flexible and adaptable to just about any situation, offers industry-leading security features. Requires advanced user knowledge and is not known for being user-friendly. Xapo is known for having reasonably advanced privacy and security features, especially for a web-based wallet.

The company supports payments through a debit card system, making it easy to spend your bitcoins. Xapo debit card system allows you to use Bitcoin ATMs and spend at merchants across the world. A user favorite, Green Address allows you to access your bitcoins through a variety of methods, including online, through a mobile app, or through a desktop client. Better yet, Green Address is well regarded as being user-friendly. This makes Green Address one of the most flexible wallets around.

It supports multisignature features and has strong security and privacy features. Very flexible and very easy to use, making Green Address a top choice for newbies. Requires the use of a remote app loaded from another location, and shared control over your Bitcoins meaning the third-party has to approve payments.

One of the oldest names in the business, Bitcoin Wallet is known for being fast and relatively easy to use. High transparency along with strong security features make this a very secure program, especially for a web-based wallet. A well-reputed brand name and a safe, fast, and secure operating environment make this wallet a good choice, though newbies may need a bit of time to get a hang of the system. Only available online, requires an Android or Blackberry phone. BitGo is known for its high levels of security and is a multisignature wallet.

This means that every transaction will require two-factor identification, which can go a long way in protecting your wealth from malware, hackers, and server attacks.

Oh—and these keys are held by users, not BitGo, so they have no easy access to your stash. A high level of security in a relatively easy and non-technical package. Two-factor identification can create a hassle, and the service does rely on central verification. Airbitz is a decentralized, secured, and backed-up Bitcoin wallet. The nice thing about Airbitz is that it also supplies you with a directory of Bitcoin-accepting businesses around you.

It also seems that a lot of thought was put into the user interface to make the experience of using Airbitz as simple as possible.

Beginner friendly, Bitcoin-accepting business directory, decentralized. Unestablished brand, no web interface mobile only. One of the best Bitcoin wallets out there, it was created by Bitpay. Copay is a multisig wallet, which means that a single wallet can have multiple users. This can be ideal for a corporate account, where—for example—two out of three signatures are required in order to confirm a transaction.

The wallet also has a desktop, mobile, and web interface and is completely independent and open source. You can read our full review of Copay here. Multisig wallet allows for improved security , great design, supports multiple devices. No support, can be a bit overwhelming for beginners. CoolWallet is another attempt at creating a portable Bitcoin hardware wallet. The device itself looks and feels like a credit card and has one small operation button on it.

The device needs to be held closely to your mobile app when sending out coins, adding another layer of security. Even though the concept is pretty cool, the execution is far from complete, and the device still feels a bit clunky. Click here to read our full CoolWallet review. Device feels a bit clunky, relatively new company behind the product. The site offers several tools such as network statistics, a mining pool, and an online wallet.

The wallet, similar to Blockchain. You access it via the web, but the keys to the wallet are stored on your machine, so BTC. Transactions are signed on your device so no one can see your private keys. The wallet also supplies multisig capabilities and is open source.

Wide variety of features, intuitive interface, open source. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. The Bitcoin world changes fast but Opendime is built on the fundamental Bitcoin features that have not changed in five years. You have got the private keys in the device. This is physical Bitcoin as it was meant to be to just hand it to someone and they have got it.

The Ledger Unplugged is a credit card-size wireless hardware wallet. Private keys are generated offline. Transactions are signed on the device and sent to a mobile phone via NFC.

The Ledger Unplugged is ideal for everyday use, since the device fits perfectly into wallets and no OTG cable is required. Online Bitcoin wallets, or web wallets, store your private keys online. Wallets can only be accessed with a user-set password. SpectroCoin is an all-in-one solution for Bitcoin.

Services offered include a wide range of Bitcoin solutions, from exchange to Bitcoin e-wallet. Breadwallet started out as the most popular wallet for iPhone, and now it is also available for Adroid devices running Android 6. The simplicity and easy-to-use security makes it a great place to start for users who are new to bitcoin.

Mycelium is a favorite among experienced Bitcoin users. Bitcoin Wallet was the first Bitcoin wallet for Android. This type of account creation is easier for less technical users who may have trouble backing up or understanding HD seeds. GreenBits is the native version of GreenAddress. Desktop wallets are software wallets that are downloaded and installed on your computer. Armory is the most mature, secure and full featured Bitcoin wallet but it can be technologically intimidating for users.

Users are in complete control all Bitcoin private keys and can setup a secure offline-signing process in Armory. Bitcoin Core, however, is a full node , meaning it helps verify and transmit other Bitcoin transactions across the network and stores a copy of the entire blockchain. Bitcoin Core routed through Tor is considered one of the best ways to use Bitcoin privately.

Electrum may be the most popular desktop wallet, due to its speed and ease of use. Electrum can also be used as cold storage if you have an extra computer that can be used offline.

Additonaly, Electrum offers other features like connecting through Tor, multisiganture wallets, integration with hardware wallets, and more. Paper wallets were the standard method of cold storage before hardware wallets were built. Paper wallets are private keys printed out on a piece of paper. If generated and printed with a secure, offline computer, paper wallets are secure cold storage. The main problem with paper wallets is it can be inconvenient to create and print a new wallet each time you send funds to cold storage.

Our cold storage guide explains step-by-step how to create a secure paper wallet. Here are some steps you can take to ensure your privacy and security:. This is the only way to have full control of your funds and not have to rely on third parties for security.

Each time you request blockchain data from a wallet, the server may be able to view your IP address and connect this to the address data requested. Each wallet handles data requests differently. If privacy is important to you, use a wallet that downloads the whole blockchain like Bitcoin Core or Armory. For more information, check out the Open Bitcoin Privacy Project for wallet rankings based on privacy. Most Bitcoin wallets today automatically create a new address for each transaction.

Since all Bitcoin transactions are public, address reuse makes it easy for others to group transactions and understand which payments are connected to one identity. Users should create multiple backups of their wallets.

Backups should be kept in separate physical locations in the case of fire or water damage. Paper wallets can be laminated or written in metal for extra protection. Earlier it was mentioned that there are four types of Bitcoin wallets: These four categories can be broken down further into different kinds of storage and security:. Hot wallets refer to Bitcoin wallets used on internet connected devices like phones, computers, or tablets. Because hot wallets run on internet connected devices there is always a risk of theft.

Think of hot wallets like your wallet today. If only used with small amounts, hot wallets should be used for your everyday Bitcoin needs. As Bitcoiners often say: Gox is an extreme example, but one that illustrates the importance of holding private keys. Gox was the first and largest Bitcoin exchange up until Thousands of users stored more than , bitcoins in their Gox accounts. At the time, one may have claimed to have 1, bitcoins in a Gox account.

While true at the time, as soon as Mt. Gox claimed to have been victim of theft users with bitcoins in their accounts were left empty handed. But by storing bitcoins with a third party you are always taking on additional risk. Cold storage is achieved when Bitcoin private keys are created and stored offline.

What happened?