A Bitcoin wallet is a collection of private keys but may also refer to client software used to manage those keys and to make transactions on the Bitcoin network. Bitcoin is different from what you know and use every day. Before engaging in significant Bitcoin transactions, ensure you thoroughly understand the necessary precautions and take steps to secure your wallet. Choose your wallet carefully and adopt secure practices to protect your funds. To assist with this, I’ve compiled a list of the five most widely used Bitcoin wallets you should consider.
Here are the 5 Most Popular Bitcoin Wallets That You Should Use
Coinbase is the world’s most popular way to buy and sell Bitcoin and Ethereum. Coinbase is the world’s most popular Bitcoin and Ethereum wallet. We make it easy to securely buy, use, store, and accept Bitcoin and Ethereum. Coinbase for iOS has been designed from the ground up to provide the best possible digital money experience on mobile.
Additional features include:
- Send and request Bitcoin and ether
- Track Bitcoin and ether prices anywhere with Bitcoin price charts, bitcoin price tickers, and price alerts
- Check balance, transaction history, and transaction details for all your accounts at a glance
- Send bitcoin and ether via email, QR code, with zero transaction fees
- Bank-level security means your bitcoins and ether are safe
- Set a passcode to protect the app
- Real-time and historical Bitcoin and ether price charts
Blockchain is the world’s leading software platform for digital assets. Offering the largest production blockchain platform in the world, we are using new technology to build a radically better financial system. Our software has powered over 100M transactions and empowered users in 140 countries across the globe to transact quickly and without costly intermediaries. We also offer tools for developers and real-time transaction data for users to analyze the burgeoning digital economy.
- Simple – We make using Bitcoin safe, simple, and fun. You can instantly transact with anyone in the world.
- Cross-platform – Desktop, iOS, and Android apps allow you to access your Bitcoin wallet from any device, anytime, anywhere.
- Global – 20+ currency conversion rates, including JPY, RUB, SGD, USD, CNY, EUR, GDP, and more. 25+ languages
- Safe & Secure – Our step-by-step Security Center helps you backup your funds and protect them from unauthorized access.
- Supported – Should you need help, our team will be there for you.
- Sophisticated functionality includes hierarchical deterministic addresses and dynamic transaction fees.
- Monitor and spend only from addresses set to Watch Only.
Mycelium started as a team of hardware engineers in 2008 with a mesh networking project. With the emergence of Bitcoin, Mycelium naturally leaned towards the new promising technology. To date, Mycelium has developed and launched three successful products in the Bitcoin field: Wallet, Entropy, and Gear.
With the Mycelium Bitcoin Wallet, you can send and receive Bitcoins using your mobile phone. The unparalleled cold storage functionality allows you to 100% secure your funds until you are ready to spend them, and works for your paper wallets, private keys, and master seeds:
- You have complete control over your private keys; they stay on your device unless you export them.
- No blockchain download, install, and run in seconds
- HD enabled – manage multiple accounts and never reuse addresses (BIP32, BIP44)
- Ultrafast connection to the Bitcoin network through our supernodes
- Watch-only addresses & private Key import for secure cold-storage integration
- Secure your wallet with a PIN
- Compatible with other Bitcoin services through Bitcoin: URI handling
- Support for BIP38 Keys
- Find other people to trade Bitcoins with in person using our Local Trader feature.
The Xapo Wallet offers a convenient means to manage your funds at your preferred time and location. All it takes is the click of a button, the sending of an email, or the swipe of your Xapo Debit Card. The Xapo iOS App is a mobile bitcoin wallet and vault that combines convenience and industry-leading security for managing your bitcoins and sending money to friends or family. To send money anywhere in the world instantly. Scan a QR code or enter an email address, name, or wallet/vault address.
Every transaction is synchronized in real-time across all your devices and safeguarded by a robust, bank-level security protocol, hailed as the “Fort Knox of Bitcoin storage” by the Wall Street Journal.
Typical Bitcoin wallets have a single private key, making your Bitcoin susceptible to theft and loss. Our multi-signature technology issues three keys for your wallet, two of which are required to send Bitcoin. Unlike most other Bitcoin companies, BitGo can’t access your Bitcoin. We only hold one key, which isn’t sufficient to transact on your behalf.
You control the second key, and a third key is stored offline as a backup. If someone compromises a single key, It cannot steal your Bitcoin. It makes our wallet virtually hack-proof. BitGo requires two-factor authentication and uses enterprise-grade security measures to ensure the comprehensive protection of your Bitcoin. Read more technical details in the whitepaper authored by BitGo’s CEO about how we use P2SH (BIP 16) to create a multi-signature wallet. Below is a diagram from the whitepaper that compares Bitcoin wallet architectures.
The diverse landscape of Bitcoin wallets offers options catering to various preferences and needs. Whether prioritizing security, user-friendliness, or specific features, the wallets discussed stand out as top choices in the market. Ultimately, choosing the right wallet depends on aligning its attributes with your priorities in managing cryptocurrency.