Simple Guide to the Best BitShares Wallets in 2024

The first thing that needs to be coordinated is the compatibility of the wallet – it must conform with BitShares (BTS). That coin is a DPoS project with an industrial-grade technology implemented in the blockchain. This article reveals every detail and feature that wallets offer. I have chosen a table format of presentation, for a clearer review of the best wallets for BitShares. You can find full review links, divided columns concentrating on OS, type and supported cryptocurrencies.

by William Carter

01.The Best BitShares Wallets

Here are the best BTS wallets and their most important details. Every functionality is divided into separate categories, aiming to assist you with the key factors’ choice. In case you need more in-depth data about an exact brand, you can click on the full review of the Bitshares wallet of your choice. There you will find every detail about setup and usage.

Type	Name	Compatibility	Supported Coins	Pros & Cons	Get Wallet
Desktop Wallets	Full BitShares GUI Review	Windows Linux Mac	BTS and BTS Tokens	Official Bitshares Wallet You Have to Download The Whole Blockchain	Download
Mobile Wallets	Full Guarda Review	Google Play App Store	24 Coins ERC20 Tokens	Built-In Exchange No Two-Factor Authentication	Download
Web Wallets	Full Guarda Web Review	Chrome Mozilla Safari Opera IE	24 Coins ERC20 Tokens	Built-In Exchange No Two-Factor Authentication	Visit Website
	Full Open Ledger Review	Chrome Mozilla Safari Opera IE	BTS and BTS Tokens	Official BitShares Web Wallet No Two-Factor Authentication	Visit Website

02. Common Features of BitShares Wallets

Keeping in mind the fact that there are only four BitShares wallets, there aren’t any stand-out features shared among them. All of them are open source wallets for BTS coins only. In case you want to have more coin and token options, pick Guarda.

Security and Privacy

What does ‘open source’ stand for? Well, the code of the BTS project is reachable by every user. You can monitor it and detect any suspicious activities. This way the security of the system is on a higher level. What is more, you can even copy and share the code with others.

Secure BitShares Wallets Тo Consider

Wallets for BitShares Staking

With the DPoS character of BitShares, you can earn money only if you are voted as a delegate or also called a block producer. In case you are voted for one, the official desktop BTS wallet and a full copy of the blockchain will be a must.

Transaction Fee Management

Fees are needed for processing every transaction in the crypto sphere. With BTS, the stakeholders elect a committee, which sets parameters and the fees on the BitShares blockchain. In order fees to remain competitive, they are periodically adjusted. You can become a member and participate in all this, by paying a onetime fee defined by the committee. Only after that, you can receive up to 80% cashback, only if you refer other users to start using Bitshares.

03.FAQ

In case I create my Token on the BTS platform, what happens to the asset creation fee?

First half of the fee pre-fill the assets fee pool. The rest of the 50% are divided: 20% for the network and 80% for the referral program. Basically, a full-time member gets 40% back from the asset creation fee, but only after the vesting period (about 90 days at the moment).
What is the fee pool all about?

Participating in such, you are not obliged to hold BTS in order to deal with assets and pay for the transaction fees. Any payment can be done via cryptocurrency with a price, where the asset can be exchanged into Bitshares in order to cover the network fee.
What token characteristics can be changed after issuing the asset?

Mainly UIA options like Market Fee, Max Supply, Permissions, Core exchange rate, Flags (if permissions allow it), Black/White Listing and Description.

Man sitting in front of a desktop pc and interacting with his BitShares coins

04.About BitShares

BTS is one public financial platform. It was created by Dan Larimar, an American programmer and entrepreneur. This project launched in 2014 and has implemented an exchange option, resembling the New York Stock Exchange, lacking the need to trust a central authority. You can execute trading using an international network of computers in which anyone can take part. What is more, the provided token can be used as collateral for loans.

The first idea about BitShares was discussed with the ETH co-founder Charles Hoskinson, who gave a hand in the business plan process. Li Xiaolai, a Chinese BTC tycoon funded the development and in October 2013 Larimer and Hoskinson presented the concept of BitShares at the Atlanta Bitcoin Conference.