In this article, I will explain the Best Bitcoin wallets that exist in the current cryptocurrency space. There are plenty of Bitcoin wallets available, so choosing the best Bitcoin wallet is confused. I will explain the wallet features, aspects, pros, cons of each and every wallet.
Also, you can select a wallet from the wide range of Bitcoin wallets including desktop [Windows, macOS, and Linux], online, hardware, and mobile[ iOS, and Android] wallets.
Let’s dive into the Best Bitcoin wallets,
Best Bitcoin Wallets to watch in 2020
Here is the summary of best Bitcoin wallets to watch in 2020.
- Ledger Nano X
- Trezor Model T
- CoolWallet S
- Bitpay Wallet
- Atomic Wallet
- Blockchain Wallet
- Coinbase Wallet
- Trust Wallet
- Edge Wallet
- Enjin Wallet
I have described and listed the best Bitcoin wallets categorizing to desktop, online, hardware, and mobile wallets. So, first, look at the best Bitcoin hardware wallets right way,
Best Bitcoin hardware wallets
First, let’s look at the Best Bitcoin wallets belong to hardware category available in 2020,
#1. Ledger Nano X
Ledger Nano X is one of the popular, best Bitcoin hardware wallets that can be used to manage all your crypto assets without any hassle. The device cost around 119USD, free shipping is offered worldwide. The Ledger Nano X is invented by the Ledger company.
Ledger Nano X features
Bluetooth is Enable for mobile devices
The device can be connected to a Smartphone through the encrypted Bluetooth and transact with the Ledger Live app. The USB Type – C cable can be used to connect with the computer where both macOS and Windows support.
Natively device allows up to 100 apps (including Bitcoin, Ethereum, Ripple, etc.) installing and transacting with the Ledger Live. Also, it supports the 1100+ coins & tokens and supports ERC 20, ERC 721, BEP 2, NEP 5 token standards.
Providing wallets Backups
You can use a 24-word recovery phrase to restore your funds when lost or broken the device.
Ease of use
Every operation (sending, receiving and verifying the transactions) can be done through one screen and two buttons
Other than the above features, it consists of an 8-hour standby battery life though rechargeable battery.
Ledger Nano X pros
Ledger Nano X cons
#2. Trezor Model T
Trezor Model T is established cryptocurrency hardware wallet which supports more 1000 coins and tokens such as Bitcoin, Ethereum, Ethereum Classic, Litecoin, Dash, Binance coin, etc. Trezor Model T is easy to use, that allows users to connect the device directly with computers, tablet and even with mobile phones. In this case, the Trezor Model T can be used to manage all crypto assets in one place.
Trezor Model T comes up with existing new features that are, full-color touch screen, SD card integration, password manager, etc.
Trezor Model costs around 149 EUR and also, it charges 24 EUR for shipping costs. Also, you can find a more economical device that is Trezor One costs around 49 EUR.
Trezor Model T features
Multicurrency, ERC 20 supports
Trezor Model T supports more than 1000+ coins including Ethereum, ERC 20 tokens.
Wallet backup, recovery, and F2A option
Trezor Model T provides backup and recovery option with 12 to 24 long word passphrase (seed phrase). In case, backup, recovery, and pin code entry can be processed using the Trezor Model T touchscreen.
Also, Security can be increased with the F2A feature.
Trezor Model T owns a full-color touch screen and every operation (verifying transaction, generating passphrase, etc.) process with a touch screen. Also, It can be used as a pen drive with a micro SD card. The device connects to PC, MAC or smartphone via USB type C cable.
The password manager is a storage facility for managing hard to remember passwords used in various online services.
Typical password managers consist of a master password to grant permission for the particular password and It needs to be typed, here Trezor Model T permits simple touch.
The passwords can be stored in the encrypted cloud storage or micro SD card
Trezor Model T pros
Trezor Model T cons
Keepkey is a cryptocurrency hardware wallet that supports limited hardware wallet features. Keepkey wallet has natively integrated with shapeshift exchange. It costs around 69 USD per device and It enables storing the private key on the cold offline device.
Multicurrency, Only major ERC 20 tokens support
Currently, the device supports the 40+ cryptos but it supports major ERC 20 tokens and also, it supports 1000+ assets with MEW.
Keepkey consists of a relatively large display that shows every asset and balance, transactions and functions of the device.
Direct integration of the exchange platform
Keepkey is directly integrated with the Shapeshift instant cryptocurrency exchange that supports buying crypto with a bank account, and instant crypto exchange service.
There is a 12-word passphrase, which can be used to recover the funds even if the device lost or broken. Every transaction should be approved manually through the device button. A limitless wallet address can be generated.
#4. CoolWallet S
Cool Wallet S is mobile-ready, on the go, stay safely in a pocket, and secure cryptocurrency hardware wallet costs 99 USD which supports major crypto assets including ERC 20 standard tokens.
Cool Wallet S features
Multicurrency, ERC 20 supports
Cool Wallet S supports top cryptos such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and ERC 20 standard tokens.
The device connects to a smartphone (Android or iOS) through Bluetooth and it is the only method.
Cool Wallet S is waterproof and shockproof hence durability is ensured.
Security, Backup and recovery option
Wallet recovery can be processed with 12 world seed phrase and it can be generated through a device or CoolBitx app.
There is a button to confirm the very transaction of the device, which is increasing security. Biometric and physical 2FA authentication features will increase wallet security further.
Ease of use
Credit card size, easy to handle even it can store safely inside the pocket.
Cool Wallet S pros
Cool Wallet S cons
Best Bitcoin desktop wallets
Let’s look at the best Bitcoin wallets belongs to desktop or software category available in 2020
Exodus is a leading Bitcoin wallet available both desktops, mobile and even supports the Trezor hardware wallet. Exodus consists of the amazing institutive user interface perfectly suitable for the beginners. Currently, it supports more than 100+ coins & tokens.
Exodus wallet features
Wallet backup and recovery
The wallet recovery enables using a seed phrase or email recovery link sent when the backup process
Exodus has an inbuilt exchange that enables instant crypto exchange. In case, Exodus charges a fee for the cryptocurrency exchange
Exodus supports top cryptos including Bitcoin, Ethereum, Ripple, Monero, Dash, etc
Exodus wallet available to Windows, macOS, Linux, Android, and iOS
Hardware wallet supports
Currently, Exodus wallet compatible with the Trezor Model t and Trezor One hardware wallet
Intuitive user interface
Exodus consist of easy to use, intuitive user interface, also, it provides beautiful charts in a desktop wallet as well as mobile app wallet
#6. BitPay wallet
BitPay wallet is a popular Bitcoin wallet available for desktop, mobile phones that developed the Bitpay Bitcoin payment processer. It does not support many cryptos but it supports Bitcoin, Ethereum, Bitcoin Cash, and Ripple.
BitPay wallet features
It supports the top cryptos including Bitcoin, Ethereum, Bitcoin Cash, and Ripple
Currently, you can download BitPay wallet for PC, Linux, macOS, Android, and iOS platforms
You can secure your funds with the multi-signature features, and key encryption. Also, the wallet source code is open source.
Spend Bitcoin online
The BitPay is crypto payment processer hence, you can spend your Bitcoin and other cryptos in many online places with the BitPay wallet without any hassle.
BitPay wallet pros
BitPay wallet cons
#7. Electrum wallet
Electrum is a pure Bitcoin desktop wallet that is operating since 2011 and it was created by the Thomas Voegtlin. Electrum wallet source code is completely open and anyone can be contributed to Github.
Also, Electrum supports third-party plugins such as multi-sig services, cryptocurrency hardware wallets like Trezor, Ledger, and Keepkey.
Let’s look at how to create Bitcoin wallet step by step using the Electrum desktop wallet.
Electrum wallet feature
Currently, the Electrum wallet available for Desktop[ PC, Linux, Windows ], and Mobile phone [ Only Android ]
Featured Wallet security
Electrum wallet provides wallet seed as a backup option to recover your wallet when wallet or OS going to crash. For security reasons, Electrum provides an option to activate Google’s two-factor authentication when creating the wallet, also, password to un-authorized wallet access
Hardware wallet service
Currently, the Electrum wallet is compatible with the hardware wallets such as Trezor, Ledger, and Keepkey
Electrum comes with the multi-sig feature, that allows you to spend your Bitcoins between several wallets
#8. Atomic wallet
Atomic is a universal, anonymous Bitcoin wallet that supports many cryptos, and ERC 20, BEP 2 standard tokens. Atomic is a multiplatform wallet available for Windows, Ubuntu, macOS, Debian, Fedora, Android, and iOS.
Atomic wallet features
Backup and recovery
The wallet enables a 12-word backup phrase to recovery the wallet when it lost or missing.
Atomic wallets support Bitcoin, Ethereum, Ripple, and 300+ cryptocurrencies
Atomic is a universal cryptocurrency wallet because it is available for Windows, macOS, Ubuntu, Debian, Fedora, Android, and iOS.
Crypto to crypto exchange
Atomic allows instant exchange of the crypto each other with Shapeshift and Changelly crypto exchanges.
Buy Ethereum with fiat
Atomic allows its users to buy Ethereum or major crypto with a credit card through Simplex
The Atomic wallet allows the stake of the staking coins and tokens. Now it supports the Tezos, Komodo, Cosmos, Ontology, Tron, NEO, Vechain, Alogrand, Cardano.
Atomic wallet pros
Atomic wallet cons
#9. Gurda wallet
Gurda is a multiplatform, non-custodial, cryptocurrency wallet that enables sending, receiving, buying crypto, and cryptocurrency staking within the single user interface.
Gurda wallet features
Gurda backup and recovery options
There are two ways to back up the Gurda wallet which are exporting the whole wallet backup file, exporting mnemonic phrases for individual cryptocurrency.
Gurda wallet security
Gurda asks the password when new access happens, in case the access password set when the first time of the wallet creation. You can set session- time – out to log out the wallet if any activity not happened. Also, you can set the auto-backup feature.
Gurda wallet is available for web, Windows, Linux, macOS, Android, iOS even chrome extension wallet.
Gurda supports top cryptos including Bitcoin, Etherum, Ripple, Bitcoin Cash, etc. Also, it supports all blockchain tokens such as ERC 20, ERC 721, BEP-2, TRC10, TRC20, WAVES, OMNI, EOS blockchain standard tokens.
Inbuilt exchange and crypto purchasing
Gurda allows to exchange of crypto to crypto, and crypto purchasing with credit/debit card enables with Simplex.
Gurda wallet pros
Gurda wallet cons
Best Bitcoin online wallets
Let’s find out the Best Bitcoin wallets belongs to online or web category available in 2020,
#10. Blockchain wallet
Blockchain wallet is one of the oldest cryptocurrency online wallet which supports the Ethereum, Bitcoin, Stellar, Bitcoin Cash, and USD Pax only.
Blockchain wallet features
The wallet provides a bunch of security options such as password protection, 2FA authentication, IP restriction, etc. Blockchain wallet allows generating the recovery phrase for backup purposes
Inbuilt block explorer
Blockchain wallet provides the block explores for Bitcoin, Bitcoin Cash, and Ethereum
Intuitive user interface
Blockchain user interface is simple and beginner-friendly
Inbuilt buy/sell and swap service
You can buy Bitcoin with credit or debit cards within supported countries also, it provides instant exchange within the platform for listed coins.
Blockchain wallet pros
Blockchain wallet cons
#11. Coinbase wallet
Coinbase wallet is a popular multicurrency web wallet that opens for worldwide users but cryptocurrency buy/sell service and trading service do not support worldwide. Coinbase wallet supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS, Stellar Lumens, Ethereum classic, Chainlink, Zcash, Basic attention token, USD coin, 0x, Auger, Dai as well as exchange services.
Coinbase consists of tight security measures to secure the platform but online wallet has vulnerabilities every time.
Coinbase wallet pros
Coinbase wallet cons
Best Bitcoin Android & iOS wallets
Let’s find out best Bitcoin wallets belongs to iOS & Android phones category available in 2020
Mycelium is the most popular Bitcoin wallet app and the company behind is Luximal Limited. Currently, Mycelium available both Android & iOS.
The Mycelium wallet has integrated with the Local Mycelium marketplace that can be used to buy/sell Bitcoin peer to peer manner, converting any crypto to Bitcoin, etc.
The wallet code is open source; hence the wallet is fully transparent.
Security and Tor browser integration
You can set the pin code to restrict access sending coins, export private keys, and changing pin code. Also, you can switch on for the Tor network to securely connect with Mycelium servers.
The Mycelium wallet has integrated with the Mycelium market place, using the marketplace you can buy the Bitcoin from local Bitcoin sellers
Payment methods integration
You can buy the Bitcoin from the credit or debit card, SEPA transfer, and from the Mycelium marketplace.
Hardware wallet support
If you already have the hardware wallet, you can easily manage Bitcoin with the Mycelium wallet without any hassle. Currently, it supports the Trezor and Keepkey
#13. Trust wallet
Trust wallet is an official Binance cryptocurrency wallet that is supported top cryptos including Bitcoin, Ethereum, Ripple, BEP 2, and ERC 20 standard tokens. Trust wallet available for the iOS and Android smartphones where Trust wallet private key never leaves the local device, therefore it brings ultimate security.
Trust wallet features
Trust supports the Bitcoin, Litecoin, Ethereum, ERC 20, BEP 2 standard tokens.
Binance dex supports
Trust wallet supports the Binance decentralized exchange and easy to exchange supported cryptocurrency fast and seamless way.
Backup and recovery option
Trust wallet consists of a recovery option which is a 12-word recovery phrase that generates the first time of the wallet creation.
Trust wallet enables the staking Vechain, Tomochain, Tezos, Tron, Calisto, IoTex, Algorand.
Trust wallet has an inbuilt Web 3 supported Dapp browser that can be used to seamlessly interact Ethereum blockchain and Binance blockchain Dapps.
Trust wallet pros
Trust wallet cons
#14. Edge wallet
Edge is a user-friendly cryptocurrency mobile wallet that supports top cryptos including Bitcoin, Etherum, Litecoin, Ripple, etc. The wallet is available for both iOS and Android operating systems.
Edge wallet features
Edge support top cryptos including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Bitcoin Cash, Dash, etc.
In-app crypto buy/sell
You can buy Bitcoin and other cryptos with credit or debit card, and bank account. Also, you can exchange crypto with each other.
Greate wallet security
You can set the automatic wallet backup through client-side data encryption. Also, you can increase the wallet security by setting up 2FA feature and password recovery option.
Edge wallet pros
Edge wallet cons
#15. Enjin wallet
Enjin wallet is easy to use a multicurrency mobile wallet available for iOS and Android and the wallet supports top cryptos including Bitcoin, Etheruem, Litecoin, etc.
Enjin wallet features
Enjin Wallet supports the Bitcoin, Ethereum, ERC 20 tokens, and many popular cryptocurrencies.
Enjin Wallet has unique security features such as a newly created secure keyboard, password protection, screen shot-blocking.
Backup and recovery
Enjin consists of a 12-word recovery phrase to recover the wallet when the device is broken or missing.
Set custom fees and limits
You can set custom network fees when you send tokens from the Enjin wallet and It indicates the detail transaction info.
Enjin wallet pros
Enjin wallet cons
Best Bitcoin Paper wallets
Among all the above wallets, The Paper wallet is a most secure Bitcoin wallet that can be used without any security threat. Generally, a paper wallet is a paper with printing private key and the public key. Also, both keys can be taken as QR codes.
Most of the cases, paper wallet uses when you buy the Bitcoin from Bitcoin ATM. Here is the popular website to generate the Bitcoin paper wallet,
After generating the Bitcoin paper wallet, Remember to keep the Bitcoin paper wallet somewhere safe.
Conclusion – Best Bitcoin wallets
In this article, I have described and listed the best Bitcoin wallets available in the current cryptocurrency space. The wallets have categorized according to the mobile, desktop, online and hardware wallets, in case you can choose one of them according to your requirement.
Helpful further readings