Best Bitcoin Wallets 2018 – Comparison & Reviews

With technological advances and the global economy growing rapidly, a move toward a global, cashless system is becoming more and more of a reality. Cryptocurrencies are becoming extremely common as individuals and companies begin to prepare for what appears to be the inevitable. Being able to access and use Bitcoins and other cryptocurrencies requires a wallet just like the one you currently use to carry your spending cash and they are even called Bitcoin wallets.

If you are new to the concept of cryptocurrency, you might not be sure of which wallet will best fit your needs and preferences. Our guide to Bitcoin wallets can help to explain the benefits of a Bitcoin wallet and some of the main features to look for as you explore the various options available. In addition, our reviews of Bitcoins wallets will provide you with an opportunity to compare how the basic features are implemented among the different options as well.

We hope that using our guide and reviews, you will be better equipped to make a more qualified decision concerning which Bitcoin wallet best fits your needs and preferences. With that objective in mind, let’s make a general exploration of Bitcoin wallets.

Bitcoin Wallet Buyer’s Guide

Why do you need a Bitcoin wallet?

Bitcoins are actually stored on the blockchain on a giant public ledger, but a wallet is what allows you to access those coins in order to exchange them for various goods and services. Essentially, if you own Bitcoins or some other form of cryptocurrency, the only way to gain access to it is through a wallet.

What benefits can you expect from a Bitcoin wallet?

Besides being able to perform transactions using your Bitcoin wallet, you should be able to expect it to guard the security of your currency as well. As it becomes more and more common for people to exchange Bitcoins for goods and services instead of cash, your Bitcoin wallet will need to double as a bank as well as a wallet.

What are some features to look for in a Bitcoin wallet?

As you work at selecting the best Bitcoin wallet to fit your needs, there are some general features to keep in mind as you consider the various offerings available. Here are some of the most basic features to consider:

Security

Security has to be your foremost concern when considering the best Bitcoin wallet. Various hardware and software wallets are available and their level of security differs as well. In general, hardware wallets are used for storing a large sum of Bitcoins. Software wallets are less secure by various degrees dependent upon the programming of their application and are not the best option for large sums. In essence, hardware options should be looked at like a bank vault, where software options should be looked at like the wallet where you carry your cash right now.

Your Operating System

One of the most important considerations to make when selecting the right Bitcoin wallet to fit your needs is the operating system of whatever interface you intend to conduct transactions. These interfaces could include smartphones, laptops, tablets, and desktops. Wallets that are supported by a broader range of operating systems allow you to use your wallet on any of these interfaces, but those supported by a limited range of operating systems might only allow you to use one particular interface in order to conduct transactions. Obviously, it is much more convenient to be able to access your wallet from a broader range of interfaces, but if you only ever use one, then a wallet supported by limited operating systems might work just fine.

Online Wallets

Wallets that operate from your computer using an online connection provide a broader variety of features and make it easier to conduct transactions. You will enjoy this greater fluidity while sacrificing the more absolute security of a hardware wallet. Though security and encryption is pretty tight with online wallets, should a hacker get to your Bitcoins, they are gone forever without any means of retrieving them. This is the reason that those with large sums of cryptocurrency tend to opt for the greater security of hardware wallets.

Offline Wallets

As we just mentioned, online wallets or software wallets run a much greater security risk than offline or hardware wallets. Hardware wallets secure your Bitcoins using something similar to a USB thumb drive, which can be placed in a vault or safe deposit box. The downside to a hardware wallet is that the fluidity of transactions is lacking given the added manual steps for accessing the Bitcoins stored in a hardware wallet. Consequently, some carry a smaller amount of cryptocurrency in a software wallet while reserving larger sums in a hardware wallet.

Additional Considerations

Costs are also a consideration when it comes to selecting a Bitcoin wallet. Most of the online and software wallets available are free. Some of these wallets require a simple downloading and activation of the wallet to get started. The most secure software wallets might cost you a little bit to retain that higher measure of security. Hardware wallets are certainly more expensive because you must purchase a storage device.

The perfect wallet to fit everyone’s needs does not exist. However, with the information you have just received concerning some of the available wallets and their features and benefits, you are now better prepared to compare these types and features with a closer examination of several of the most common Bitcoin wallets.

Top Rated Best Bitcoin Wallet Reviews

Coinomi Wallet

Exchange functionality of cryptocurency using Android is available with the Coinomi Wallet. This is a secure wallet focused on privacy and allows for the almost instant exchange between various different cyptocoins. Installation and setup only take minutes without a lengthy registration process and no KYC regulations. Coinnomi supports 278 different altcoins and is working on further development and is one of the most powerful multi-coin wallets available.

The Good

• Coinomi is a free cryptocoin wallet.
• It offers unparalleled privacy, with the keys staying on the user’s device rather than on Coinomi’s servers.
• This wallet is partnered with ShapeShift for quicker crypto exchanges.
• It is extremely user friendly.

The Not So Good

• Coinomi does not accept debit or credit cards nor fiat currency.
• Coinomi is not open source software.
• It is not yet available for iOS operating systems.

A Great Choice If…

You are looking for an easy to setup and easy to use wallet for your Android device. You won’t be able to use this if your device uses iOS.

BTC.com Wallet

Bitmain is the owner of BTC.com Wallet, which is a Block Explorer application. BTC.com features several tools including a mining pool, network statistics and an online accessible wallet. Transactions are confirmed on your device so that nobody can see your privacy keys. BTC.com allows users to easily distinguish between Bitcoin Cash addresses and Bitcoin addresses, which can be confusing for some users. This open source wallet also allows for multi-signature capabilities and is a Hierarchical Deterministic (HD) hybrid wallet..

The Good

• BTC.com is user friendly for novice users.
• This wallet is backed by the reputable Bitmain company.
• Two-factor authentication is available and an extra PIN option are available for added security.
• Backup and recovery with this wallet is simple.
• The signing of transactions is done privately on your device.
• BTC.com is open source and supports multiple languages.
• Storing the blockchain is not necessary with this wallet.

The Not So Good

• Online wallets are generally less secure than offline wallets or hardware wallets.
• BTC.com will not support altcoins.

A Great Choice If…

You want a wallet with lots of privacy, but do not need alcoin capability. Users who use alternate cryptocurrency will not be able to use this wallet.

CoolWallet S

A mobile cold storage hardware wallet for Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash and ERC20 coins can be accomplished utilizing the CoolWallet S. Backed by CoolBitX, custody over your cryptocurrency has never been more convenient to use or better protected. Store and send coins quickly at any time or in any location without a hassle. Complete and secure control over your cryptocurrency is in your hands on this waterproof, flexible, durable, sleek, slim and light storage wallet. Plans are in development of adding additional currencies, expanding the usage of this wallet even further.

The Good

• The privacy keys are generated and held within CoolWallet and not on the web.
• Near-field communication can be used to send Bitcoin.
• The CoolWallet can slip into your physical wallet like a credit card.

The Not So Good

• Carrying your savings account around in your wallet probably isn’t a great idea.
• If a fee market develops, it will likely be difficult to utilize an automatic key with this wallet.

A Great Choice If…

You want a more secure and mobile means of storing your cryptocoins on a hardware device with more fluidity. You might not like the idea of carrying all of your Bitcoin around in your physical wallet.

Copay Wallet

The Copay wallet was designed to give users the maximum amount of control over their Bitcoin as possible. Developed by BitPay, the added solid security features, transparency and convenience of CoPay made it a quick favorite among crypto users. Copay is a multi-signature wallet, allowing multiple users to sign and confirm transactions. Copay also includes mobile, desktop and web interfacing, is entirely independent and open source.

The Good

• This is a multi-signature wallet which also supports multiple wallets on a single app.
• Copay is open source.
• This wallet is backed by a highly reputable Bitcoin payment firm.

The Not So Good

• Copay’s service relies on central verification.
• Learning how to use it will take a little more time for beginners.

A Great Choice If…

You are new to Bitcoins, are pretty tech-savvy, but want the support and confidence of a reputable payment firm behind your wallet. You might not be happy with the centralized verification process utilized by Copay.

AirBitz Wallet

Beginners can get started quickly with Airbitz, which offers an easy-to-use interface, a comprehensive directory of nearby business that accept Bitcoin and top-notch security features. Airbitz is a decentralized, backed up and secured Bitcoin wallet with the added promise that Airbitz or any 3rd party will have no access to your Bitcoins privacy keys.

The Good

• Airbitz is open source.
• Beginners can get started without much hassle.
• It has solid security features including two-factor authentication.
• Include access to an on-the-go Bitcoin directory.
• Airbitz servers are decentralized and independent.

The Not So Good

• The web interfacing of Airbitz is lacking.
• This brand isn’t well established yet.

A Great Choice If…

You are looking for an independent and decentralized wallet that has plenty of security and is easy for a beginner to use. You might not be as pleased with Airbitz lack of web interfacing and the fact that this is a relatively new company.

BitGo Wallet

The multi-signature capabilities of BitGo along with their high level of security features are what have distinguished it among cryptocurrency wallets. Two-factor identification goes a long way in helping to protect your investment from malware, server attacks and hackers. The privacy keys are held by the users on their device rather than on BitGo servers for greater privacy and security.

The Good

• This is the most secured and trusted wallet out there.
• Short transaction times are the norm for BitGo.
• Transaction fees are lower than most.
• Privacy keys are stored on your device.
• Reversible transactions are possible and BitGo is theft and scam proof.

The Not So Good

• There seems to be some rising issues with unconfirmed transactions.
• Two-factor identification can become something of a hassle.

A Great Choice If…

You want to stick with the lead dog as you are getting into the cryptocurrency world. You might not be happy with two-factor identification and the possibility of unconfirmed transactions.

Bitcoin Wallet

Bitcoin Wallet is among the oldest brands in the cryptocurrency business. It is known for being easy to use as well as being fast. Bitcoin Wallet goes out of its way to utilize a decentralized system which allows the user complete control over their Bitcoins. Strong security and high transparency are common features. Payment is made quickly using a QR-code.

The Good

• No registration, web service or cloud is needed with this peer to peer, decentralized wallet.
• Easy conversion can be made to and from national currencies.
• You can send and receive Bitcoin via NFC, QR-codes or Bitcoin URLs.
• You can pay offline using Bluetooth.
• It also includes an app widget for Bitcoin balances.
• Great choice for newbies with the backing of a trusted brand name.

The Not So Good

• This wallet is currently only available for Android and Blackberry phones.
• This app is often confused with lesser apps, so be certain that you are getting exactly what you are looking for when you download it.

A Great Choice If…

You want power and ease of transactions on or offline and are new to cryptocurrency. If you do not use an Android or Blackberry device you cannot use this wallet.

GreenAddress Wallet

The fine balance between convenience and security is achieved with GreenAddress Wallet. You can utilize GreenAddress through a desktop client or through a mobile app, making it a versatile favorite among users. This is a more powerful wallet designed for more experienced users, but is still regarded as being user-friendly. It is considered a very flexible wallet, which supports multi-signature features, but it still has strong privacy and security as well.

The Good

• This wallet features robust security, including four different styles of two-factor authentications
• It allows you to have a permanent payment address, which can be posted publicly.
• It works in both desktop and mobile environments for greater versatility.
• GreenAddress is also open source.

The Not So Good

• This wallet is probably not ideal for beginners.
• Setting up this wallet takes longer than on other platforms.
• GreenAddress requires loading the app from a different location and therefore needs third party approval for transactions.

A Great Choice If…

You have some experience with Bitcoins and want a more advanced and more powerful tool for handling your cryptocurrency. You might not be happy with the third party sharing approval of your transactions.

Xapo Wallet

Stashing and purchasing coins can be accomplished with the Xapo online wallet. Included with Xapo is a vault service provider along with exchange services. This platform is based in Switzerland and offers debit cards as a means of payment for cryptocurrency exchange. This is a web-based wallet system, which can be accessed through any internet web browser. Advanced security features, especially for a web-based wallet, is a major benefit of this wallet. This wallet is user-friendly, even with newbies.

The Good

• Xapo’s vault has good security functions including the cold storage of coins.
• Offers European based users to use debit cards as a payment method for purchasing cryptocurrency.
• This wallet is easily accessible.
• Beginning users can use it easily.

The Not So Good

• Verification is required for sending and receiving Bitcoins.
• Traders who use only a few coins will find that the fees are pretty high.
• Xapo’s wallet only supports Bitcoins.

A Great Choice If…

You need the simplicity and convenience of an online cryptocurrency wallet. You might not be happy with third party verification and the higher user fees for those who trade with fewer coins.

Armory Wallet

When it comes to cold storage wallets, Armory is a recognizable name. Armory took cold storage from being theoretical to real-world technology. High-end security features and an open source protocol are two of the most celebrated features of the Armory Wallet. This is a well-known and well-trusted brand name when it comes to securing Bitcoins.

The Good

• The top-end security features of Armory wallet include hierarchical deterministic (HD) and multi-signature support.
• Bitcoins can be managed with the Internet with Armory’s cold storage support.
• Armory is an established brand name with an excellent reputation.
• This is an open source wallet.

The Not So Good

• Its lack of two-factor authentication is something of a drawback for many.
• The depth of Armory’s security features make it difficult for novices to make use of it.
• There is no mobile support offered with this wallet at this time.

A Great Choice If…

You are looking for a cold storage option with highly reputable security of a trusted name brand. You won’t be happy with this wallet if you desire mobile support or if you are a beginner.

Electrum Wallet

Among the Bitcoin wallets that were in the game since the very beginning is the Electrum Wallet. This is a fast, lightweight desktop wallet and a great choice for someone using an older, less powerful computer to store Bitcoins. Remote servers handle the most processor intensive portions of the wallet’s capabilities. Electrum has established a good name due to their privacy and security features and recovery can be achieved with a secret pass-phrase.

The Good

• This is one of the most widely used platforms, especially for desktop and laptop users.
• Electrum has quick and easy setup.
• There are some very good privacy features included with this wallet.
• This wallet provides integration with hardware wallets for additional security.

The Not So Good

• This is not an ideal wallet for beginners.
• Electrum Wallet only supports Bitcoin and no other altcoins.

A Great Choice If…

You are specifically trading in Bitcoin and want a desktop or laptop option that has played the game since the beginning. If you are a beginner or use altcoins, you should stay away from this wallet.

Bitcoin Core

Bitcoin Core Wallet, aka Bitcoin QT, requires some technical knowledge in order to get started, so it probably isn’t well-suited for a beginner. However, when it comes to security, this wallet is still considered the safest place to secure your investment. Desktop use is supported by this wallet, which provides a great deal of privacy and supports complete transparency of transactions. It uses up a lot memory space, but the hardware requirements for utilizing this wallet are pretty low.

The Good

• Bitcoin Core utilizes a high level of privacy for incoming and outgoing transactions.
• Protecting anonymity is accomplished with Tor compatibility.
• There is greater emphasis on user control with this wallet.
• Bitcoin transactions can be fully validated by the user without any reliance on a third-party service.
• Decentralizing the Bitcoin system is accomplished by running Bitcoin Core.

The Not So Good

• The initial download for this wallet is extensive.
• Bitcoin Core uses up 140GB in storage space on your hard drive.
• Bandwidth limits might hamper the use of Bitcoin Core.
• This wallet is not ideal for beginner use.

A Great Choice If…

You have been around cryptocurrency for a while and require a solid desktop wallet to secure your Bitcoins. You might not be happy with how complicated it is and how much space it takes up on your computer hard drive.

KeepKey Wallet

The world’s leading cryptocurrency assets can be accessed through the KeepKey secure hardware wallet. KeepKey is an HD wallet that is much like a miniature computer for storing private keys. It has become an affordable option for users that are looking for high security along with greater convenience from a hardware wallet. Namecoin, Dogecoin, Dash, Testnet, Litecoin and Bitcoin are all supported by the KeepKey wallet, though its Chrome interface only works with Bitcoin.

The Good

• KeepKey provides top of the line security features.
• This hardware wallet comes in an attractive design.
• KeepKey has multi-currency support features.
• The affordability of this hardware wallet, given its value, is excellent.

The Not So Good

• KeepKey requires a third-party software add-on.
• TREZOR or Ledger hardware wallets are more portable than this wallet.
• You cannot save the setup progress.

A Great Choice If…

You want an affordable hardware wallet with plenty of value built in. You might not be impressed with the third-party software add-on or the setup process.

Mycelium Wallet

Another of the older, established firms among Bitcoin wallets is the Mycelium Wallet. This open source software program can be somewhat complicated for beginners entering the cryptocurrency world, but it provides a broad spectrum of advanced security and privacy features. This is a hot wallet that also provides some cold storage features and is one of the most popular products among cryptocurrency traders.

The Good

• Mycelium retains a strong industry-wide reputation.
• This is an open-source wallet.
• Mycelium integrates with hardware wallets like TREZOR and Ledger.
• Several account options are offered.
• This wallet also has a faster connection to the Bitcoin network.

The Not So Good

• Signing messages is not a supported function.
• There is no desktop interface with Mycelium.
• Beginners will probably struggle with this wallet.

A Great Choice If…

You are looking for a well-developed hot wallet which links well with cold storage. You might not like this option if you are a beginner and trade on a desktop.

Jaxx Crypto-Currency Wallet

Though Jaxx is a newcomer among cryptocurrency wallets, it has helped to simplify the blockchain in order to increase growth and expansion of cryptocurrency trading. Jaxx is a platform for all Bitcoin and Altcoin cryptocurrencies and also allows for the exchange of various currencies within the wallet using ShapeShift exchange. It is an easy-to-use platform that can be synced across all of the devices you use. This self-hosted wallet is also extremely intuitive.

The Good

• Beginners will be able to use this wallet right away.
• Jaxx supports the widest selection of the world’s cryptocurrencies.
• Super accessibility is achieved across all platforms with seamless integration.

The Not So Good

• Jaxx does not use 2-factor authentication
• This is a relatively new company whose reputation has not yet been established.
• Linux users might have some issues with this wallet.

A Great Choice If…

You are just getting into the cryptocurrency game and need an easy-to-use wallet that works on all of your devices. You might not like the fact that this is a relative newcomer in the cryptocurrency world.

Exodus Wallet

Personalization features and charts are an added feature of the Exodus Wallet that aren’t found any most others. Access to 11 of the world’s top cryptocurrency assets are supported with Exodus. It has an intuitive user interface, is beautifully designed and allows you to exchange currencies within the wallet. At this time, this wallet is only available to laptop and desktop users.

The Good

• Exodus provides an excellent interface with powerful charting tools that others don’t have.
• Cryptocurrency traders or portfolio builder will be impressed with this wallet.
• This wallet allows access to multiple cryptocurrency assets.
• Setup and use are guided by tutorials, so it is an excellent choice for beginners.

The Not So Good

• The company is new and hasn’t yet established its reputation.
• This is not an open source wallet.
• Two-factor authentication is not built into Exodus.
• This wallet is limited only to desktop for the time being.

A Great Choice If…

You are a beginning cryptocurrency trader or portfolio builder. You might not be happy with some of its security features or its lack of mobile device support.

Blockchain Wallet

The most popular digital wallet worldwide is the Blockchain Wallet. This user-friendly wallet is both flexible and secure. It integrates the most advanced security practices with a highly accessible user-interface. This is a hybrid wallet which stores your wallet online, but access to private keys are retained on the user’s device. Beginners will do well with this wallet as well.

The Good

• Two-step verification and other advanced security features are included.
• Viewing your balance can be done in your local currency.
• User-interface design is intuitive and can be easily navigated.
• Blockchain automatically creates a new wallet address following each digital transaction for additional security.
• Pairing your web wallet with a mobile device can be easily accomplished through scanning a QR code.
• You have the ability to purchase and sell cryptocurrencies directly through the Blockchain wallet.

The Not So Good

• Security issues are always a concern with online wallets.
• The identity verification to access their individual Blockchain wallets can be cumbersome.
• Only Bitcoin and Ethereum can be used with this wallet.
• The purchase of cryptocurrencies by fiat cannot be done directly using Blockchain Wallet.

A Great Choice If…

You are a beginner who wants full access to Blockchain trading. You might not like the overall usability of this wallet.

Coinbase Wallet

Coinbase is a prominent name in cryptocurrency exchanges. It has become an important cornerstone in the Blockchain market. It is beginner friendly and utilized worldwide. Though your funds are held by Coinbase, they do provide a vault service which denies Coinbase any access or control over your funds if you so wish.

The Good

• Coinbase allows for higher liquidity.
• All of the top cryptocurrencies are supported.
• You can instantly buy crypto assets using Coinbase.
• This wallet is very user-friendly and works well for beginners.
• Your Bitcoin deposits can be insured.

The Not So Good

• The payment methods for using Coinbase are limited.
• Account monitoring by Coinbase seems a little creepy to some.

A Great Choice If…

You want some help in managing your cryptocurrency funds as a beginner. You might not like the overall intrusiveness of this wallet.

Trezor Wallet

Those who retain large amounts of Bitcoins will want to keep them as secure as possible with a cold storage solution like the Trezor Wallet. World class security along with flexibility are hallmarks of Trezor, making it a great choice for beginners and experts alike. This is one of the most rapidly advancing companies in the cryptocurrency business.

The Good

• Trezor provides excellent security.
• Multiple currencies are supported with this wallet.
• The interface on this wallet is extremely user-friendly and intuitive.

The Not So Good

• Trevor has a complicated PIN system.
• Trevor provides only limited transaction possibilities.
• This is not a free wallet.

A Great Choice If…

You want great security from a rising star in cold storage with flexibility. You might not like some of the limited transaction possibilities as well as the fact that it isn’t free.

Ledger Nano S Wallet

The cold wallet design of the Ledger Nano S is a rising star in digital currency. As a leading provider of hardware wallets, Ledger has built quite a name for itself. The Nano S has robust safety features and allows you to trade a wide variety of altcoins. Besides the fact that it has some of the best security features on the market, this is still a very affordable cold storage wallet, but without a physical device to keep track of.

The Good

• The Nano S has multi-currency support built in.
• It has a vast array of wallet software integrations.
• This is one of the most affordable cold storage wallets available.
• This is a great beginner’s wallet with plenty of support and security.

The Not So Good

• This is a relatively new company and its brand reputation is still growing.
• This is not a free wallet; you will pay for security, but with less fluidity.

A Great Choice If…

You need cold storage for larger amounts of Bitcoin and want to use a rising star that is still affordable. You might not be happy that you are paying for this service when you consider that it is more for storage than for transactions.

 Jump to top