My friend lost 3 BTC which he had purchased using his savings !!
His name is Rahul, and we met a few months before where I told him about bitcoins. Soon after, he got hooked…
He started doing his research, and once he was satisfied, he bought some bitcoins. ( of course, without consulting me, BTC was trading around $5000 mark at that time)
You must be wondering what went wrong?
Well, I was too, untill recently when he called me up, and I tried to get to the root of the problem.
Long story short:
He just randomly choose his Bitcoin wallet by searching over the play store. The wallet he chose was relatively unknown and was a custodial wallet. (Remember, our article on private keys: not your keys, not your coins have been advocated a zillion times on TheMoneyMongers )
What happened next is only obvious to think…
The bitcoins are gone now forever, and he is in deep shit.
But what’s the point of telling you all this?
I am telling you this so that you can avoid this pitfall. This is expensive education (worth of 3 BTC at the moment) that you are getting it for free !!
I know that you are searching for the best possible BTC wallet to store your coins for the long term. And I must say, you are a wise chap, unlike my friend who missed consulting me.
But before, I tell you some of the best BTC wallets; I want you to remember these criterions that should be the underlying reason for you to choose any Bitcoin or crypto wallet.
Here are those criterions :
- Team: Should have good development & marketing team.
- Ease Of Use: Wallet should have easy to use UI & UX.
- Compatibility: Should be compatible across different operating systems.
- Security: Should be uncompromising to the security standards.
- Community: Should have an active community of users.
- Custodial: Should give you access to private keys or seed
Based on these criterions, we have the following recommendations for you to choose the best BTC and cryptocurrency wallet. Most of these wallets that we have listed here have been used by us once or more and some of these wallets we are still using.
So let’s get started to see them one at a time:
Top Free Bitcoin (BTC) & Cryptocurrency Wallets [Including Reviews]
|Best Bitcoin & Crypto Wallet/App Reviews||Wallets|
Bitcoin (BTC) Hardware Wallet
|Ledger Nano X [Recommended]|
|Ledger Nano S|
|Trezor Model T|
Bitcoin (BTC) iOS & Android Wallet
|Blockchain Bitcoin Wallet|
Bitcoin (BTC) Desktop Wallets
Bitcoin (BTC) Web Wallets
#1. Ledger Nano X
Ledger Nano X is another popular Bitcoin wallet that was launched recently by Ledger HQ.
Ledger HQ-based out of Paris, France is another pioneering company when it comes to manufacturing cryptocurrency hardware wallets, and it started launching crypto wallets since 2014.
Ledger Nano X is a flash drive like device with a digital screen and two buttons on its side. Connected with its desktop and mobile app, you can easily navigate through the cryptoassets that you have stored on this device.
Plus the device never leaks private keys even when you connect it to infected mobiles or desktops.
Also, never forget to take the back-up of your seed words at the time of initialization of Ledger Nano S because losing this seed would mean losing your cryptos.
Lastly, this Bitcoin wallet is Bluetooth enabled and allows end-to-end encryption for extra security while you transact through your mobile or desktop.
#2. Ledger Nano S
Ledger Nano S needs no introduction.
It is certainly the most famous Bitcoin and cryptocurrency wallet manufactured by Ledger HQ.
Of course, Ledger Nano S is the precursor to Ledger Nano X, but it never compromises your security in any case.
If you are short on your budget to buy a cryptocurrency wallet, you should check-out Ledger Nano S as it is fairly cheap as of now. And the best thing is that you pay less for the same grade of security.
Just like other wallets, Ledger Nano S allows you to take back-up of your seed, set a PIN and set a passphrase, if you require. Apart from that, you can easily store 700+ cryptocurrencies and tokens on it and walk across national borders. Check here in more detail about the coins supported by Ledger Nano S.
#3. CoolWallet S
I am not sure if you have heard of CoolWallet S yet or not !!
So let me introduce you to it. (I enjoy using this wallet)
CoolWallet S is the best cryptocurrency wallet that you can get in the market as of now and it is very cool to handle.
It is a hardware wallet that looks like credit or debit card and comes with an inbuilt battery that takes around 2 hours to charge. The beauty of this slim wallet is, it can comfortably fit into your physical fiat wallet or wherever you keep your credit cards.
As of now, you can store Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, and ERC20 Tokens, etc. on the CoolWallet S which makes it the best Bitcoin wallet to be used on the go !!
It also has a mobile wallet app, and the CoolWallet S can communicate with it using the Bluetooth. This way your private keys never leave the hardware also and gives you the liberty to use your cryptocurrencies on a mobile device without compromising the security.
Lastly, like other crypto wallets, CoolWallet S allows you to back-up your recovery seed and is a trustable product used by more than 150,000 customers around the globe.
#4. Trezor Model T
SatoshisLab- the pioneer company which invented the first Bitcoin hardware wallet in 2013 has produced yet another cryptocurrency wallet, i.e., Trezor Model T
Trezor Model T is the next-gen cryptocurrency wallet for those you believe in HODLing their funds for the long term.
When you use Tezor Model T wallet, your private keys never leave this hardware device and still, you can access your cryptoassets through their interactive web app.
Model T also allows you to store your recovery seed safely. You need to keep this seed extremely safe as losing this would akin to losing your whole funds.
As of now, Model T is capable of storing 650+ cryptocurrencies and ERC20 tokens. If you want more insights on it, we recommend you to check our article on Trezor supported coins or you can check our review of Trezor vs Ledger.
PS: Always buy Trezor Model T from this official website, purchases made through other sources such as Amazon has been reported faulty resulting compromising of users funds.
Best Mobile Bitcoin (BTC) Wallets/Apps (Android/iOS Apps)
Are you looking for a free Bitcoin light wallet for your mobile device?
You should look no further than Electrum wallet.
Electrum is a Bitcoin-only wallet developed and registered under the MIT license and is certainly the most trusted open-source mobile Bitcoin wallet.
It gets better:
Electrum also allows you to customize your Bitcoin transaction fees and it is very much possible to send legacy as well as segwit transactions through this wallet.
Lastly, Electrum scores a bit low when it is compared to its peers in terms of UI but it that’s not a concern for you, don’t worry your coins are in a safe wallet.
As of now, Electrum is only available for Android mobile devices.
#6. Blockstream Green (aka GreenAddress Wallet)
Blockstream Green is certainly the most advanced and user-friendly Bitcoin wallet for mobile devices.
Blockstream Green is the successor fo GreenAddress wallet and is built ground-up for the Bitcoin users who want to enjoy full privacy, security, and usability offered by the Bitcoin blockchain.
It is a multi-signature wallet where you hold one private key, and Green wallet’s servers hold another. This serves as a 2-FA authentication where users remain in control of their funds.
You also get the feature of customizable fees and segwit transactions that are fully supported by Green wallet in addition to Replace-By-Fees feature for crowded times.
Lastly, there is no KYC to start with, and it is Tor enabled wallet available in multiple languages including Brazilian Portuguese, Chinese, Dutch, English, French, German, Italian, Japanese, Korean, Russian, Spanish, Ukrainian. And more to come!
As of now, Blockstream Green wallet is available for iOS & Android devices.
#7. Blockchain Bitcoin Wallet
Blockchain wallet has been in this space since 2012 and is one of the most reliable non-custodial cryptocurrency wallets in the cryptosphere with over 30 million customers.
The best thing is that it started as Bitcoin wallet which has now expanded to supported many other currencies, but its Bitcoin wallet UI is still robust.
It is a non-custodial wallet where you get your 12-word seed to keep as a back-up and you can also 4-digit-pin or biometrically authenticate with fingerprint recognition.
It is an HD-wallet that supports BTC, ETH, BCH, and XLM as of now in 18 languages.
Blockchain wallet supports both iOS and Android devices as of now !!
#8. Trust Wallet (Cryptocurrency Wallet) [Sponsered]
Trust wallet is a relatively new player in the cryptosphere as it was launched only in 2017.
But in this short period, it was able to garner attention from Binance like investors who found their wallet technology superior to others and thus acquired them.
Of course, Trust wallet started as a reliable Ethereum wallet, but now it has expanded itself to support other cryptocurrencies like BTC, LTC, etc. too.
Trust wallet gives you the full control of your cryptocurrencies as you can anytime save your seed from this client hosted wallet. Moreover, it is a multilingual wallet capable fo integrating with Trezor, Ledger, KeepKey etc.like wallets
As of now, Trust wallet is available for both iOS and Android devices.
Best Bitcoin (BTC) Desktop Wallets
#9. Electrum (Bitcoin-Only Wallet)
Electrum is one of the most trustable open-source Bitcoin wallets registered and developed in the MIT license.
Electrum wallet’s UI is not as good as its other peers, but it is certainly the most advanced in terms of features. It is so because using Electrum’s desktop app which is a lightweight app you can customize your transaction fees as well as send segwit transactions.
Also, when there is too much delay on the Bitcoin’s blockchain you can use the replace by fees and child pays for parent feature of the Electrum wallet to unstuck your transaction.
As of now, Electrum wallet is available for Linux, Mac, & Windows.
Exodus is one of the first wallets that I started using in my early days of cryptocurrency.
The simple reason for choosing Exodus was, it is very intuitive and easy to use. And the underlying reason for even them to develop this wallet is to make it so simple that even your grandmommy can use it.
Exodus is a desktop-based cryptocurrency wallet that supports 90+ cryptoassets including BTC, ETH, LTC, etc. Also, in addition to UI and UX, it doesn’t compromise your security and is handcrafted with enough security measures.
Using this wallet, you remain in total control of your cryptocurrencies as it gives you the 12-word see that you require to do so !!
Exodus Wallet is available for Windows, macOS, and Linux
Best Online Bitcoin (BTC) Wallets (Web Wallets)
#11. Coinbase Wallet
Many people first start with Coinbase when they buy Bitcoin.
Of course, there is no harm in that, but Coinbase is online wallet which s always connected to the internet.
It is not a custodial wallet where you control your private keys. Instead, it is a managed crypto wallet where Coinbase servers hold keys of your funds.
But if you are someone who isn’t so tech-savvy and don’t want to get into the nitty-gritty of understanding private & public keys, you can use Coinbase wallet to store your cryptocurrencies.
But this is highly risky !!
Moreover, Coinbase has a version of a mobile wallet that is self-hosted, meaning using this wallet you will control your own private keys thus your assets.
Rahakott is the best BTC wallet when you talk about online or web wallets.
It is so because it is a self-hosted web wallet where you control the private keys. This makes it the most reliable web wallet for storing your bitcoins.
Moreover, this also the best online cryptocurrency wallet, if you want a custodial solution because it supports seven cryptocurrencies altogether (BTC, ETH, LTC, ZEC, DASH, BCH, XMR).
It gets better:
Registering on Rahakott literally takes 15 seconds and doesn’t require your email, phone number or even log in and password.
But just like an honest self-hosted wallet:
Rahakott automatically generates a mnemonic phrase for you. The mnemonic phrase is the key to your funds; the main thing is to safeguard it adequately and not to lose it.
Try Out Rahakott Wallet For Free
Conclusion: What/which is the best bitcoin/crypto wallet for beginners?
Ummm, you look still confused?
We have only listed those Bitcoin and cryptocurrency wallets that are best in the business of safeguarding your cryptocurrencies. So you can freely choose any of them.
But if you are someone who has a significant amount of bitcoins or any other cryptocurrency, you should consider yourself buying a wallet like Ledger Nano X or Ledger Nano S to safeguard your cryptos for the long term.
On the other hand, if you are holding cryptocurrencies or BTC worth less than $500, you can choose any of the above-listed mobile or desktop wallets that we have suggested !!
There are some FAQs also that I want to address in this guide itself:
Which Bitcoin wallet is good, legit, the safest, & the most secure?
Which bitcoin wallets support segwit?
Which is the best Bitcoin wallets without fees or no fees?
There is no Bitcoin wallet without fees. A fee is mandatory to be paid if you want your Bitcoin transaction to be successful. This fee goes to Bitcoin miners for providing this service. So there is no such thing as Bitcoin wallet with no transaction fees. However, you can set your Bitcoin wallet in such a way that it sends Bitcoin with low transaction fees or the lowest possible fees. For this, you are required to use Bitcoin wallets that have custom fee feature. Some such wallets are Ledger Nano X, Electrum, Green Wallet, Trust wallet, etc.
Which is the best bitcoin wallet for beginners & new users?
Ledger Nano X and Exodus wallet bitcoin wallet are best for beginners.
Is there bitcoin wallet like MyEtherWallet?
Rahakott wallet is a Bitcoin wallet which resembles MyEtherWallet a bit.
That all from our side in this massive guide on crypto wallets. Hope you liked this guide that covers the Bitcoin and crypto wallet reviews too…
Don’t forget to share this with your friends & family members who are searching for the best crypto wallets to store their cryptocurrencies !!
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.
- Top Free Bitcoin (BTC) & Cryptocurrency Wallets [Including Reviews]
- Hardware Wallets
- #1. Ledger Nano X
- #2. Ledger Nano S
- #3. CoolWallet S
- #4. Trezor Model T
- Best Mobile Bitcoin (BTC) Wallets/Apps (Android/iOS Apps)
- #5. Electrum
- #6. Blockstream Green (aka GreenAddress Wallet)
- #7. Blockchain Bitcoin Wallet
- #8. Trust Wallet (Cryptocurrency Wallet) [Sponsered]
- Best Bitcoin (BTC) Desktop Wallets
- #9. Electrum (Bitcoin-Only Wallet)
- #10. Exodus
- Best Online Bitcoin (BTC) Wallets (Web Wallets)
- #11. Coinbase Wallet
- #12. Rahakott
- Conclusion: What/which is the best bitcoin/crypto wallet for beginners?