To invest or trade Bitcoin, in the first step to wallet Or you need a wallet.
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; 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.
Another good news is that Bitcoin wallet software is completely free and you can easily install it on your phone or computer. There are no shortage of secure and reliable software wallets for Bitcoin; But if you want more security, you can get a hardware (physical) wallet for a fee.
Lost in the crowd of bitcoin wallets and still don’t know which name and brand to use? Stay with us until the end of this article to get to know the best and most reliable Bitcoin wallets.
What is the best bitcoin wallet?
Which wallet is the “best” depends entirely on the circumstances, and the answer to this question is different for each person according to the amount of knowledge and facilities they consider and their capital. For example, for a beginner, a wallet that is easy to work with and supports multiple cryptocurrencies is usually suitable; But for someone who is a professional and needs more features to manage Bitcoin, the user interface or support for other digital currencies is not so important. Also, the user’s facilities (internet access or computer or mobile phone) are influential in discussing the suitability of the wallet.
There are different types of bitcoin wallets and they run on different operating systems, and everyone chooses one of them according to their conditions and facilities.Types of bitcoin wallets chooses
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 2023
Although there are more than a hundred wallets with different names for Bitcoin, in this article I will introduce 9 wallets that are the best options for storing Bitcoin in 2023, according to the content team of the AruzDigital website.
The following 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, introduced wallets dishonesty (Non-Custodial) and there is no risk of embargo or blocking capital 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.
Currently, the following wallets are the best options available for storing Bitcoin:
- Trust Wallet (mobile): the best option for beginners
- Ledger wallet (hardware): the most secure option
- Trezor wallet (hardware)
- 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)
In preparing this list, important criteria such as security, number of installations, various features and user feedback have been considered.
1. Trust Wallet
wallet Trust Vault Without exaggeration, it is 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 cryptocurrency exchange, i.e.Binance exchange Is.
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 in addition to Bitcoin , has earned the title of the most popular digital currency wallet with more than 10 million installs and a 4.6 rating on Google Play.
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 for thousands of coins and tokens
Weaknesses
- Available for mobile only.
2. Ledger hardware wallet
One of the safe options for storing bitcoins.Hardware wallet and currently, the French company Ledger is the largest producer 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.
Model Ledger Nano S It is considered the most famous product of this company, which has passed its test for many 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 cryptocurrencies plus thousands of tokens (based tokens ATRheum, IAS, NEM, etc.) are supported; Therefore, it is considered a suitable wallet for keeping most digital currencies. To view supported cryptocurrencies in each ledger model, visit This link See.
the 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
weaknesses
- Not suitable for everyday use.
3. 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 Trezor One wallet Is; Of course, currently, a newer product named Trezor Model T has been released.
The two products are not much different in terms of security; But Model T has more accessories. Also, Model One does not support Ripple and several other digital currencies ; 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.
Trezor’s hardware wallet, like a ledger, keeps private keys completely safe and offline, and it is almost impossible to hack if the user observes some security tips. To view supported digital currencies in different Trezor models, visit This link See.
the 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
weaknesses
- Not suitable for everyday use.
- Weak body in the One model
4. Mycelium wallet
Mycelium walletIt is one of the best mobile wallets for storing bitcoins available for both popular mobile operating systems, i.e. 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 Ethereum wallet and Ethereum based tokens has also added to the 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 complete 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
Weaknesses
- It only has a mobile version.
- Poor user interface that is not suitable for beginners.
5. BlueWallet wallet
Rapid growth in the number of BlueWallet mobile wallet installations and expansion Bitcoin Lightning Network In the last two years, this software made 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
Weaknesses
- It only supports Bitcoin.
- It only has a mobile version.
6. Electrum wallet _
If you are not new and have little technical knowledge about Bitcoin, Electrum can be the best option for you.
Electrom wallet It is one of the old bitcoin wallets and among 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 facilities 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 like Bitcoin full node is, it occupies a very small amount of computer, and to use it, it is not necessary to download the entire Bitcoin blockchain. It should be noted 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
Weaknesses
- Not suitable for novice users.
7. 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, Android and iOS. In addition to supporting more than 100 coins and tokens, the beautiful user interface of Exodus is unique.
Strengths
- Optimal security
- Easy and beautiful user interface
- Support for hundreds of coins and tokens
- Can be installed on mobile and desktop
Weaknesses
- It is not open source.
8. Bitcoin Wallet (Bitcoin Wallet)
“Bitcoin Wallet” is one of the first Bitcoin wallets for mobile, which was 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
weaknesses
- Only released for Android.
- It does not support 12 or 24 word backup (BIP39).
9. Blockchain Wallet (Blockchain.com)
Blockchain wallet Dotcom (Blockchain.com) is one of the famous 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
Weaknesses
- Private keys are stored on the Internet.
- Poor backup recall
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, which 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 bitcoins, just go to the “Send” section of the wallet and enter the recipient’s address and the amount in this section.
