Simple Guide to the Best Bitcoin Wallets in 2024
If you have ever wondered which are the most sought after BTC wallets, then you have come to the right place. I have created this article containing the best choices organized in tables, that you have when it comes to wallets for Bitcoin. There are many features and characteristics to consider when making your decision like the supported OS, the type of wallet, if it supports multiple coins etc.
01.The Best Bitcoin Wallets
There is a wide plethora of wallets that you can choose from for holding Bitcoin and in order to avoid confusion, I have created the table below with what I consider to be the best wallets for BTC along with some characteristics they have. If you still are having trouble with making your choice, you can always click on their review links and check out some more detailed information.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Bitcoin Core Review |
BTC only |
– HD Wallet – SegWit Support – Block Production |
Download | |
| Full Exodus Review |
25 Coins 79 Tokens |
– Built-in Exchange – HD Wallet – SegWit Support |
Download | ||
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
– HD Wallet – SegWit Support – Open-source |
See Pricing | |
| Full Trezor One Review |
50+ Coins 1000+ Tokens |
– HD Wallet – Offline Storage – Third Party wallets and Service Integration |
See Pricing | ||
| Mobile Wallets | Full Edge Review |
20+ Coins 1000+ Tokens |
– Built-in Exchange – SegWit support – Node Selection |
Download | |
| Full Jaxx Liberty Review |
14 Coins 59 Tokens |
– Built-In Exchange – HD Wallet |
Download | ||
| Web Wallets | Full Blockchain Review |
4 Coins 1 Token |
– Built-in Exchange – HD Wallet – Fiat Gateway |
Visit Website | |
| Full Guarda Review |
40+ Coins 1000+ Tokens |
– Built-in Exchange – Fiat Gateway – Built-in Asset Swap |
Visit Website |
Complete List of Bitcoin Wallets
In case you have not picked a wallet from the previous section, fret not. Below I will be listing a complete list of all wallets that can support Bitcoin along with their features and characteristics. You will see different types of wallets that have multiple coin support or even heightened security features. Just like in the previous list, you can check out their full reviews for detailed information.
| Name | Type | Compatibility | Supported coins | Security | Key Features |
|---|---|---|---|---|---|
| Bitcoin Core | Desktop |
BTC only |
Passphrase |
– HD Wallet – SegWit Support – Custom Fees |
|
| Abra | Mobile |
20+ Coins 6 Tokens |
Pin |
– Built-in Exchange – Fiat Gateway |
|
| AirGap | Mobile |
6 Coins |
Passphrase |
– HD Wallet – Built-in Exchange – Offline Transactions |
|
| Armory | Desktop |
BTC Only |
Passphrase |
– Custom fees – Multisig – SegWit Support |
|
| Atomic | Desktop, Mobile |
30+ Coins 1000+ Tokens |
Passphrase |
– HD Wallet – Atomic Swap – Fiat Gateway |
|
| BTC.com | Mobile, Web |
2 Coins |
Passphrase, Pin |
– Fiat Gateway – SegWit Support – Custom fees |
|
| BitBox | Hardware |
BTC Only |
Passphrase, Pin |
– HD Wallet – SegWit Support – Coin Control |
|
| Bitcoin Knots | Desktop |
BTC Only |
Passphrase |
– HD Wallet – SegWit Support – Custom fees |
|
| BitGo | Web |
10 Coins 180+ Tokens |
Passphrase, 2FA |
– HD Wallet – SegWit Support – Multisig |
|
| Bither | Desktop, Mobile |
BTC Only |
Passphrase |
– HD Wallet – Multisig |
As you can see, the list is quite extensive and can be a bit overwhelming. In order to help yourself with the choice, you can ask yourself one of the most important questions – How are you going to use the wallet? Will you be using it only when you are at home with a computer, or will you need easy on the move access from a mobile wallet? Answering these questions for yourself can really benefit your decision.
02. Common Features of Bitcoin Wallets
Although there is a great diversity among all the different Bitcoin wallets, there are common features that are shared throughout the list. As an example, some security features like Two Factor Authentication and Multi-signature procedures are present in the majority of the wallets. Also, almost half of the wallets that are listed are Hierarchical Deterministic (HD) wallets that are easy to restore. For more information regarding the security and privacy features continue reading on.
Security and Privacy
All Bitcoin wallets have a layer of protection that is the bare minimum and that is the SSL (Secure Sockets Layer). Only few of the wallets can support offline transactions and the light node validation function that is not so secure is not present in almost all wallets for BTC. Below I have listed some features and wallets that can help you in your final choice of a wallet:
Hierarchical Deterministic (HD)
The HD feature means that the wallet has a master seed phrase that you need to make sure not to forget or loose. You can create pairs of keys for every transaction and if something happens to the wallet you just need to restore the master seed. Wallets that are HD are Bitcoin Core, BitGo and Mycelium.
Two-Factor Authentication (2FA)
The 2FA function is just an additional protection layer. Simply put, it is just giving you the chance to insert a second unique credential. Wallets that have this function are the Green Address and Bread.
Tor as Proxy
This feature allows your IP to not be associated with the transactions that you make. This makes it very hard for network providers and malicious hackers to track you. Wallets that have this are Bitcoin Core, Armory and Electrum.
Secure Bitcoin Wallets To Consider
Bitcoin Wallet Transaction Fees
Let’s talk about fees and their management. In the world of cryptocurrency, the fees are usually paid to miners as payment for them carrying out and confirming your transactions in the network. Different types of wallets have different approaches when it comes to managing those fees. Certain wallets can let you choose the fee that you would like to pay for a transaction depending on which your priority in the network will change, while others have fixed fees. Check out the table below for more information:
| Fee Control | How Does It Work? | Supported By |
|---|---|---|
| Full Control | These types of wallets allow you to manually adjust your transaction fees. The transaction fee can be as low as 0.00000350 BTC | Armory, Bitcoin Core, Bitcoin Knots, Bitcoin Wallet, Enjin Wallet |
| Partial Control | These wallets allow you to adjust your transaction fees based on their “recommended” fees. | Jaxx, Exodus, MyCelium, Wirex |
| No Control | These wallets usually determine the transaction fees based on how busy the network is or straight up offer only a fixed fee. | Bitbox |
03.FAQ
-
If I set too low fee, will my transaction go through?
Of course, your transaction will go through eventually, but it might take a long time. The size of the fees in a network determine your priority for the miners. The higher the fee, the faster your transaction will be carried out.
-
What does it mean if my transaction did not arrive?
What I can recommend is checking the block explorer and checking the status of your transaction. Usually it just has not received the necessary number of confirmations before it is considered valid.
04.About Bitcoin
As it is widely known, Bitcoin is the foundation on top of which the whole crypto sphere evolved into what it is today. Bitcoin is the undisputed goliath securing its number one spot in both market cap and transaction volumes as well as being the most famous digital currency in history. It is also famous for its violent shifts in price also called volatility dipping down and shooting up in price somewhat regularly literally multiplying its market cap in the process.
Bitcoin was created and released by Satoshi Nakamoto in 2009. It is unknown up to this day if Satoshi is a single person or a group of people due to the lack of real identity behind the name. It was created with the idea to have a currency that does not require a centralized system like a bank to function and there are no middlemen in the process. The famous blockchain technology allows the network to be secure yet transparent at the same time.