To buy Bitcoin, invest in this digital currency or trade it, you need a wallet in the first step. Unlike bank and centralized wallets, in the world of decentralized digital currencies, all responsibility for protecting assets (I emphasize all responsibility) rests with the wallet and, of course, the user himself. For this reason, finding a safe wallet to store bitcoins is very important.
The good news is that Bitcoin is the first and foremost digital currency on the market and there are more wallets for it than any other digital currency; So, you won't have a hard time choosing a reliable wallet. Lost in the crowd of bitcoin wallets and still don't know what the best bitcoin wallet is? In the list below 15 items from The best bitcoin wallets in 2024 We will introduce you to:
- Trust Wallet (mobile): the best option for beginners
- Ledger wallet (hardware): the most secure option
- Mycelium wallet (mobile)
- BlueWallet (mobile)
- Electrum wallet (desktop and mobile): the best option for professionals
- Exodus wallet (desktop and mobile)
- Bitcoin Wallet (Mobile)
- Blockchain.com Wallet (under the web)
- SafePal wallet (mobile)
- Atomic wallet (mobile)
- Coinbase Wallet (Mobile)
- Wasabi wallet (mobile)
- Trezor wallet (hardware)
- KeepKey Wallet (Hardware)
- BitBox Wallet (Hardware)
What is the best bitcoin wallet?
What a wallet It is the best, it depends on the circumstances, and the answer to this question is different for each person according to the level of knowledge, facilities, and capital.. For example, for Fred newcomer Usually a wallet is convenient to work with easy be and from Multiple digital currencies supported slow But for a person who professional and needs more facilities to manage Bitcoin, Interface Or supporting other digital currencies is not so important does not have.
There are different types of bitcoin wallets and they run on different operating systems, and everyone chooses one of the types of bitcoin wallets according to their conditions and facilities.
For example, a person who does not have a personal computer uses mobile wallets or a person who does not have a smart phone uses wallets other than the mobile type.
As a general rule, the best Bitcoin wallet is one that is first and foremost safe and reliable, and then the user feels comfortable working with it. Due to the decentralized nature of digital currencies that everyone is responsible for their own assets, the main criteria in choosing a wallet should be its validity and security, and then other criteria should be considered.
The best bitcoin wallets in 2024
name | type |
---|---|
Trust Vault | Software, mobile |
ledger | hardware |
mycelium | Software, mobile |
bluewallet | Software, mobile |
Electrom | Software, desktop and mobile |
exodus | Software, desktop and mobile |
Bitcoin wallet | Software, mobile |
Blockchain.com | Under the web |
Saif Paul | Software and hardware |
Atomic wallet | Software, mobile |
Coinbase wallet | Software, mobile |
wasabi | Software, mobile |
treasure | hardware |
Kip K | hardware |
beatbox | hardware |
Although there are more than a hundred wallets with different names for Bitcoin, in this article 15 wallets I introduce that according to the content team of Erzdigital website, In 2024, the best wallets to store and keep Bitcoin are:
- Trust Wallet (mobile): the best option for beginners
- Ledger wallet (hardware): the most secure option
- Mycelium wallet (mobile)
- BlueWallet (mobile)
- Electrum wallet (desktop and mobile): the best option for professionals
- Exodus wallet (desktop and mobile)
- Bitcoin Wallet (Mobile)
- Blockchain.com Wallet (under the web)
- SafePal wallet (mobile and hardware)
- Atomic wallet (mobile)
- Coinbase Wallet (Mobile)
- Wasabi wallet (mobile)
- Trezor wallet (hardware)
- KeepKey Wallet (Hardware)
- BitBox Wallet (Hardware)
In preparing this list, important criteria such as security, number of installations, various features and user feedback have been considered.
These wallets store private keys (assets) on the device or physical environment, and other than the user himself, no one else has access to the assets. In fact, the introduced wallets are non-custodial and there is no risk of sanctions or capital blocking in them.
Do not forget that the wallets on the exchanges keep the assets in the form of a trust (custody) and the control of the assets is not in the hands of the users themselves. Among the activists in this field, safe storage space is not considered a wallet, and in this article, I mean wallets that leave full control of assets in the hands of the user. Also, for Iranian users, storing digital currencies on foreign exchanges carries the risk of sanctions and capital blocking.
1. Trust Wallet
TrustWallet wallet is without exaggeration one of the best bitcoin wallets; Especially for new users.
This completely free wallet, released for Android and iOS operating systems, belongs to the world's largest digital currency exchange, the Binance exchange.
However, the software stores the private keys on the user's device, so neither Binance nor anyone else will have access to the assets other than the user.
Trust Wallet, which supports thousands of other coins and tokens besides Bitcoin, with more than 10 million Installed and rated 4.6 on Google Play, it has earned the title of the most popular digital currency wallet.
This wallet supports all important security features for a secure wallet such as password, pin, backup, fingerprint lock and face lock.
Strengths
- Unparalleled security
- Easy user interface
- Support thousands of coins and tokens
weak points
- Available for mobile only.
Download Trust Wallet
2. Ledger hardware wallet
One of the safe options for storing Bitcoin is a hardware wallet, and currently, the French company Ledger is the largest manufacturer of this type of wallet.
Ledger hardware wallets keep private keys completely safe and offline and have more layers of security compared to software wallets.
The Ledger Nano S model is the most famous product of this company, which has passed its test for years in terms of security.
This wallet costs about 60 dollars and is one of the most affordable options among all hardware wallets, and it can be purchased from reputable Iranian stores.
Recently, a newer model called “Nano S Plus” has been released, which is the same as the Nano S wallet in terms of performance; But it has more facilities for managing transactions.
The better Ledger model is “Nano X” (Nano X), which benefits from more features; including a better screen and stronger Bluetooth and a bigger battery. It is worth noting that all ledger models are almost the same in terms of hardware security; But their facilities are different.
Ledger wallets support almost all valid digital currencies as well as thousands of tokens (Tokens based on Ethereum, IAS, NEM, etc.); Therefore, it is considered a suitable wallet for storing most digital currencies. To see supported cryptocurrencies in each ledger model, visit ledger.com/en/supported-crypto-assets.
Strengths
- Having a CSPN (Level 1 Security Certificate) certificate from ANSSI
- A lot of security
- Support for a wide range of digital currencies
- Very strong development and support team
weak points
- Not suitable for everyday use.
3. Mycelium wallet
Mycelium Wallet is one of the best mobile wallets for storing Bitcoins available for both popular mobile operating systems, Android and iOS.
Although the appearance features of Mycelium are not as beautiful and convenient as newer wallets, we can without exaggeration call it one of the most secure and professional Bitcoin wallets. This wallet has added Ethereum and Ethereum-based tokens to its list of currencies.
Mycelium can also be used to connect to hardware wallets. Needless to say, this wallet is one of the common tools for spending and transferring money inside paper wallets.
In the Mycelium wallet, the user has full control over their private keys and assets, and a variety of security options, including a PIN, are built into it.
Strengths
- Optimal security
- Many additional features
- Ability to connect to hardware wallets
- The possibility of spending a paper wallet
weak points
- It only has a mobile version.
- Poor user interface that is not suitable for beginners.
Download MyCelium
4. BlueWallet wallet
The rapid growth in the number of BlueWallet mobile wallet installations and the expansion of the Bitcoin Lightning network in the last two years made this software make it to our list.
BlueWallet is a mobile software for both Android and iOS operating systems that only supports Bitcoin.
Although supporting only one currency may be considered a major weakness, BlueWallet has features for managing Bitcoins that are not seen in multi-currency wallets. One of the important features of this wallet is support for the Lightning network.
Also, this wallet is completely open source and gives the user control over the private keys. Unlike most professional wallets that do not have a proper user interface, using Bluewallet is easy for novice users; So, if you are looking for a professional bitcoin wallet with a not too complicated user interface, Bluewallet can be your choice.
Strengths
- Unparalleled security
- Professional facilities for managing Bitcoin
- Easy user interface
- Open text
weak points
- It only supports Bitcoin.
- It only has a mobile version.
Download BlueWallet
5. Electrum Wallet (Electrum)
If you are not new and have little technical knowledge about Bitcoin, Electrum can be the best option for you.
Electrum wallet is one of the old bitcoin wallets and one of the popular options among bitcoiners (bitcoin lovers). This fully open source wallet was developed in 2011 and is constantly updated by its developer community.
Electrum is available for both desktop and Android; But it is only the desktop version that benefits from special features and installing the mobile version of this wallet is not very logical.
I emphasize again, if you are a beginner, it is not recommended to use Electrum wallet; Because its user interface is not suitable for beginners. In Electrum, many options are provided to the user, including signing the transaction and offline transaction and arbitrary fee.
Although the features of this wallet are the same as Bitcoin's FullNode, it occupies a very small amount of computer and you don't need to download the entire Bitcoin blockchain to use it. It should be mentioned that the desktop version of Electrom has been developed for Windows, Linux and Mac operating systems.
Strengths
- Plenty of security
- Open text
- A lot of possibilities for capital management and transactions
weak points
- Not suitable for novice users.
Download Electrum
6. Exodus wallet
“Security along with an attractive user interface.” That was the definition of Exodus in a few words.
Exodus is one of the oldest cryptocurrency wallets and has been serving cryptocurrency users since 2015.
This software was initially only available for personal computers; But now it can be installed on two popular mobile operating systems, i.e. Android and iOS. In addition to supporting more than 100 coins and tokens, the beautiful user interface of Exodus is unique.
Exodus has blocked the access of users with Iranian IP in its Windows app, and to use it, the IP must be changed. Another important point is that the aforementioned wallet stores private keys directly on the device; Therefore, despite users' concerns, Exodus does not have access to assets and cannot block them.
Strengths
- Optimal security
- Easy and beautiful user interface
- Support for hundreds of coins and tokens
- Can be installed on mobile and desktop
weak points
- It is not open source.
- Iran's IP has been blocked.
Download Exodus
7. Bitcoin Wallet (Bitcoin Wallet)
“Bitcoin Wallet” is one of the first Bitcoin wallets for mobile devices, launched in 2013.
This wallet does not have the complexities of some other wallets such as Mycelium and its user interface is designed very simply; However, it is currently only available for Android OS.
As the name Bitcoin Wallet suggests, this wallet only supports Bitcoin. The aforementioned wallet does not have many security features; But its open source and support for all types of Bitcoin addresses (Segwit and Legacy) and the possibility of registering a PIN make it one of the best Bitcoin wallets.
Backing up this wallet is easy; But unlike most wallets that provide a string of 12 or 24 words for support, the way to back up in Bitcoin Wallet is a little different and instead of words of support, the user is given a file with which the user can recover their assets if the wallet is deleted. .
Strengths
- Satisfactory security
- Easy user interface
- Open text
weak points
- Only released for Android.
- It does not support 12 or 24 word backup (BIP39).
Download Bitcoin Wallet
8. Blockchain Wallet (Blockchain.com)
The Blockchain.com wallet is one of the popular and old Bitcoin wallets, which supports several other currencies, including Ethereum, Tether, Bitcoin Cash, and Stellar, in addition to this digital currency.
Although this wallet is web-based and stores private keys on Internet servers, the developer company has proven that it does not have access to assets due to the encryption of private keys and passwords.
If I were to tell you the weaknesses of this wallet, I would mention the weak reminder to the user to take a backup, so that if users forget their password and have not backed up their wallet, they will never be able to access their assets again. Blockchain Dotcom also has a mobile app that allows users to use it more easily.
Strengths
- Exemplary security
- Easy access from all devices with just one browser
- Mobile app
weak points
- Private keys are stored on the Internet.
- Poor backup recall
Login to the blockchain site
9. SafePal wallet
Saif Paul is a wallet that was released in 2018 and managed to gain a lot of popularity in a short period of time. The user interface of this wallet is so simple and user-friendly that it is suitable for both new users and professional users.
One of the interesting features of Safe Paul is that, in addition to its very popular software version, it also has web and hardware versions. It is important to know that SafePal is the first and only digital currency wallet that Binance Labs (the venture capital arm of Binance Exchange) has invested in.
SafePal now has a total of more than 7 million users from all over the world who use its software, web and hardware versions. All these users are finally managed by Safe Bridge application. At the time of this writing, SafePul supports 15 languages and 54 blockchains, and this number is constantly growing.
Strengths
- high security
- Support for all types of software, web and hardware
- Interchain exchanges and spot transactions
- The possibility of buying digital currency with a credit card and debit card
- Support thousands of coins and tokens
- Ability to maintain NFT
weak points
- There are some concerns regarding the security of the SafePal hardware wallet.
Download SafePul
10. Atomic wallet
Atomic Wallet is a decent crypto wallet in many ways and it ticks a lot of boxes. This popular software wallet can be installed and used on Windows, Mac, IOS and Android operating systems.
Atomic Wallet supports thousands of tokens on different networks, including Bitcoin, Ethereum, Cardano, Solana, and Binance Smart China. Users can also add new tokens to this wallet if they have the smart contract address.
The portfolio dashboard of Atomic Wallet is interesting and user-friendly. This dashboard shows what cryptocurrencies you have and the dollar value of your investments. Also, one of the other useful features of Atomic Wallet is the possibility of staking proof-of-stake currencies (including Cardano, Tron, Cosmas, and Nair). The annual interest rate in Atomic Wallet varies from 5% to 22%.
Of course, one of the most important negative events of Atomic Wallet was the hack of this wallet in June 2023, which led to the loss of 35 million dollars. This incident affected at least 5,500 crypto accounts on the platform. However, the Atomic Wallet team admitted that only 0.1% of the app's users were affected.
Strengths
- Support thousands of coins and tokens
- The possibility of manually adding tokens if you have the token smart contract address
- Free download and use
- The possibility of investing through the wallet and receiving an annual profit of up to 22%
- Support for various types of devices including smartphones and computers
- Private keys are only available to the user and no one else can access the digital assets.
weak points
- There is a 2% fee (plus a $10 minimum) to buy digital currencies with a credit or debit card.
- The version does not have a browser extension.
- Its security controls are limited (and security was questioned especially after the wallet was hacked in 2023).
Download Atomic Wallet
11. Coinbase Wallet
Coinbase Wallet is a software wallet of the famous Coinbase exchange. As you probably know, Coinbase is an American exchange with an authentication requirement that has banned Iranians from using its services. But this does not apply to its wallet; Because it is non-trustworthy and does not require authentication.
Coinbase Wallet supports a wide range of digital currencies. Other facilities such as stocking and direct purchase are also available in Coinbase Wallet; But it is not possible for Iranians to use these facilities (due to connection to the exchange).
In general, the biggest advantage of Coinbase Wallet for non-Iranian users is its connection to the big Coinbase exchange, which makes it easier for users; But this option is not available for Iranians. However, the Coinbase wallet can be used as a regular software wallet.
Strengths
- Easy transfer from/to the famous Coinbase exchange, the largest American digital currency exchange (not suitable for Iranians)
- Support for a wide range of digital currencies
- Facilities such as investment tools and NFT markets (not suitable for Iranians)
weak points
- Not having a desktop version
Download Coinbase wallet
12. Wasabi wallet
Wasabi is a Bitcoin-specific wallet, which means it does not support any other digital currency except Bitcoin. This wallet is known for its strong focus on security features.
Wasabi was launched in 2018 by the zkSNACKS team as an open source and secure Bitcoin wallet. This wallet is available as desktop software and can be installed on Windows, Mac and Linux operating systems.
Wasabi supports CoinJoin transactions. CoinJoin is a security mechanism that does not allow us to know which output was generated by which input and which address actually made a transaction.
Strengths
- CoinJoin support
- More security through integration with Tor
- Being free and open source
weak points
- Support for only one digital currency (Bitcoin)
- Not having a mobile version
Download Wasabi
13. Trezor hardware wallet
Headquartered in the Czech Republic, Trezor is the first developer of Bitcoin hardware wallets for the public.
This company, like Ledger, makes very secure hardware wallets; But it has less sales and acceptance than Ledger.
The most famous product of this company is Trezor One wallet; Of course, currently, a newer product named Trezor Model T has been launched.
The two products are not much different in terms of security; But Model T has more accessories. Also, Model One from Ripple and several other digital currencies does not support; But Model T also covers these currencies. The price of the One Treasure model is approximately 59 dollars and the price of the T model is approximately 192 dollars.
The Trezor hardware wallet keeps private keys completely safe and offline like a ledger and is almost impossible to hack if the user follows some security tips. To see supported digital currencies in different Trezor models, visit the link trezor.io/coins.
Strengths
- Plenty of security
- Support for more than a thousand coins and tokens (Model One does not support Ripple and some other digital currencies)
- Ability to synchronize with a large number of wallet software
- The right size and weight
weak points
- Not suitable for everyday use.
- Weak body in the One model
14. KeepKey hardware wallet
Keep Key is another popular hardware wallet these days, which is also available for purchase in Iran. This device works using USB and you can connect it to all Windows, Mac, Linux and Android devices. KipK supports about 40 digital currencies.
Keep Key was developed and released by ShapeShift. This wallet had a much higher price in the beginning and was sold for about 240 dollars; But at the time of preparing this report, its price (on Amazon) is $49.
As with other hardware wallets, security is the main feature of the Keep Key wallet. In addition to the private key that protects users' assets, this wallet also has a dedicated PIN code on the device. The speed of transactions in KipKey is customizable and you can generate an infinite number of addresses on it.
Strengths
- high security
- Easy to use
- The price is right
weak points
- Support for only 40 digital currencies
- Relatively heavy weight
15. BitBox hardware wallet
The last wallet that we mention in the article of the best bitcoin wallets is Bitbox. Bitbox is also in the category of hardware wallets. This wallet has two models, BitBox 01 and BitBox 02, the latter being (obviously) the newer model.
BitBox 02 comes with an OLED screen and is smaller than most hardware wallets. Another distinguishing feature is the USB-C cable, which allows direct connection to most computers and new smartphones.
Overall, Beatbox's user interface is simple; But it is possible to enable more advanced settings. Bitbox does not support all altcoins by default. If you plan to send or receive ERC20 tokens through this wallet, you must first enable them manually from the settings section.
Another interesting feature of Beatbox is its touch sensors. Unlike most hardware wallets, Bitbox has sensors on the edges that have different uses. For example, normal taps in these areas are used for selection and hard taps are used for confirmation. It may be a little challenging to work with the touch of this wallet in the first experience; But you will soon find it enjoyable.
BitBox 02 has two models, one of which supports only Bitcoin and the word Bitcoin-only edition is engraved on it. This model is cheaper than the other type that supports other coins and tokens. At the time of writing, this model is available on Amazon for $68.
Strengths
- high security
- Has a software version (desktop and mobile)
- DiFi support
- Easy to use
weak points
- Relatively high price (compared to other devices)
- No support for IOS
- Limitation on the number of assets supported
Frequently asked questions about Bitcoin wallets
After installing the wallet, be sure to make a backup copy of it so that you can recover your assets if the wallet is deleted or the device crashes or any other problem. If you don't have a backup, your bitcoins will be lost forever.
Almost all Bitcoin software wallets are free and you can easily download them from reputable websites and there is no need to pay extra; But to buy a hardware Bitcoin wallet that is physical, you have to pay.
Every Bitcoin wallet has an address that you can think of as an account number. Just give your bitcoin address to the sender and he will send you bitcoins. The wallet address can be viewed from the “Receive” section.
To send Bitcoin, just go to the “Send” section of the wallet and enter the recipient's address and the amount in this section.
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