Top Bitcoin Wallet Reviews – A Mega Collection [2018 Edition]


 Bitcoin Wallet Reviews

Searching for reliable Bitcoin wallet reviews? Well, you are in the right place.

Here at CoinSutra, we have used many Bitcoin wallets and have also written about them in the past. And we still are exploring and testing quite a few.

As far as our experience goes, there is no wallet that supports everyone’s need. Moreover, there is many a time, a difference in need itself.

Some investors want to hold BTC for a short term while some for a long-term. And some even don’t know how or where they are going to keep their BTC and for what period.

That’s why it is apt to discuss various Bitcoin wallets in each category. And if you aren’t aware of their categories then you should read this first: 5 Different Types Of Crypto Wallets You Should Know About.

Having said that, let’s look at some of the best Bitcoin wallets under each type or category for starters and here is the list for the same.

The Best Bitcoin Wallets along with reviews

Bitcoin Hardware Wallet Section

1. Ledger Nano S

Ledger-Nano-S-Wallet

I have been using Ledger Nano S for about a year now, and it works like a dream. It is undoubtedly the best Bitcoin wallet regarding security and has an outstanding development team backing it.

I still remember, during the Ethereum Classic, Bitcoin cash, and Bitcoin Gold Forks, they were the pioneers in the market to support these currencies.

Segwit support for Bitcoin also came very fast on Ledger Nano S for its users, and in emergency situations in the past, the Ledger team has been reasonably swift in their action.

Moreover, it is a very lightweight device that looks like a flash drive and can be used with an infected computer too as it signs Bitcoin transaction on the device itself.

Also, we have made tutorial series on Ledger Nano S which you should watch to get started with the Ledger Nano S device.

Some other very important USPs which CoinSutra looks into while reviewing a Bitcoin wallet is mentioned below with our findings for Ledger Nano S.

  • Recommended For: Beginners & advanced users alike
  • Supported Operating System: Windows, Mac, Linux
  • In-built Exchange: No
  • Private Keys/Seed: The owner controls seed words
  • Passphrase Feature: Yes
  • PIN Code: Yes
  • HD Wallet: Yes
  • Custom Fee Feature: Yes
  • Cost: $100
  • Segwit Enabled: Yes
  • Multicurrency Wallet: Yes
  • Other Supported Currencies: ETH, BCH, BTG, QTUM, NEO, DASH, etc
  • Staking: No staking of proof of stake cryptocurrencies
  • ERC 20 Toke Support: Yes, using MyEtherWallet
  • NEP-5 Token Support: Yes, using the NEON wallet
  • QRC20 Token Support: Yes, using Qtum Web Wallet

Lastly, when Ledger Nano S starts supporting staking of proof-of-stake currencies, then it will, at last, become the invincible Bitcoin wallet. This feature is currently under development.

Buy Ledger Nano S Now

2. Trezor Model T

Trezor Model T

Trezor Model T is the creation of SatoshiLabs, the pioneers of crypto hardware wallet in the market.

This next generation model of Trezor is safe, secure, and future-ready where they have removed the old buttons to introduce a touchscreen. They have also added the USB C-type, which is slowly becoming the industry standard, along with freebie Trezor branded stickers. Right now Terzor Model T supports eight cryptocurrencies, plus many other ERC20 tokens. The number is only expected to grow further in the future.

Recently, we enjoyed unboxing Trezor model T. It looks premium and sleek, and we found the same to be true while unboxing it. Here is the unboxing video for you.

Plus, they have improved security and put in place appropriate measures to isolate confidential data from your host computer.

Some other important USPs which CoinSutra looks into while reviewing a Bitcoin wallet is mentioned below with our findings for Trezor Model T.

  • Recommended For: Beginners & advanced users alike
  • Supported Operating System: Windows, Mac, Linux
  • In-built Exchange: No
  • Private Keys/Seed: The owner controls seed words
  • Passphrase Feature: Yes
  • PIN Code: Yes
  • HD Wallet: Yes
  • Custom Fee Feature: Yes
  • Cost: $175
  • Segwit Enabled: Yes
  • Multicurrency Wallet: Yes
  • Other Supported Currencies: LTC, BCH, XEM, DASH, ETC, etc
  • Staking: No
  • ERC 20 Toke Support: Yes, using MyEtherWallet
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Buy Trezor Model T Now

3. Trezor

Trezor One

Trezor One, the first Bitcoin hardware wallet, popularly referred to as ‘Trezor wallet’ sometimes is also the creation of SatoshiLabs, a Czech Republic-based company operating since 2013.

It looks pretty ‘rad’ in one’s hands and comes with an OLED screen. Its security is top notch as it randomly generates nine digit pins and secures your bitcoins with a 24-word recovery seed key. This key or seed is very critical in recovering your coins in case the device is lost or damaged.

You can use the Trezor wallet with Android devices and with apps such as TREZOR Wallet, Mycelium, and Multibit HD. Watch this video series by Coinsutra’s YouTube channel to learn everything that you need to know about Trezor.

  • Recommended For: Beginners & advanced users alike
  • Supported Operating System: Windows, Mac, Linux
  • In-built Exchange: No
  • Private Keys/Seed: The owner controls seed words
  • Passphrase Feature: Yes
  • PIN Code: Yes
  • HD Wallet: Yes
  • Custom Fee Feature: Yes
  • Cost: $103
  • Segwit Enabled: Yes
  • Multicurrency Wallet: Yes
  • Other Supported Currencies: LTC, BCH, XEM, DASH, ETC, etc
  • Staking: No
  • ERC 20 Toke Support: Yes, using MyEtherWallet
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Buy Trezor Model T Now

Bitcoin Mobile Wallet Section

1. Coinomi

Coinomi Wallet

Coinnomi is a popular Bitcoin wallet base out of London, UK, since 2015. It is also a multicurrency wallet with a competent team behind it.

I have been using this wallet since 2016, and I can testify that they have continuously upgraded their product. Coinomi has recently started supporting segwit addresses too.

Moreover, by repeatedly supporting Bitcoin forks such as Bitcoin Cash, Bitcoin Gold, etc., Coinomi has proved that their development team is highly dedicated.

On the security front, they provide you with seed words, PIN and passphrase features which you can use in case you damage or lose your device. And with this seed, you can manage and securely store more than 50 cryptocurrencies and 200 Ethereum tokens on the Coinomi wallet.

However, Coinomi has had its fair share of controversies, notably when they exposed users’ Bitcoin addresses in plain text. However, that doesn’t mean that they are not safe – it’s just one of those things to be expected as a market-leading, mature wallet.

  • Recommended For: Beginners & advanced users alike
  • Supported Operating System: Android & iOS
  • In-built Exchange: ShapeShift & Changelly integrated
  • Private Keys/Seed: The owner controls seed words
  • Passphrase Feature: Yes
  • PIN Code: Yes
  • HD Wallet: Yes
  • Custom Fee Feature: Yes
  • Cost: Free
  • Segwit Enabled: Yes
  • Multicurrency Wallet: Yes
  • Other Supported Currencies: LTC, BCH, DASH, ETC, BTC, etc
  • Staking: No
  • ERC 20 Toke Support: Yes
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Download Coinomi: Android & iOS

2. Samourai Wallet

Samourai Wallet

Privacy activists who believe in Bitcoin built the Samourai Bitcoin wallet.

And I sort of liked the statement by the Samourai wallet team: “We are privacy activists who have dedicated our lives to creating the software that Silicon Valley will never build, the regulators will never allow, and the VC’s will never invest in. We build the software that Bitcoin deserves.”

Samourai wallet also attracts users who want an extra layer of privacy and anonymity while transacting in Bitcoin.

Apart from providing regular security features such as PIN and seed words it also provides STONEWALL feature which makes transactions private. And for IP obfuscation, it uses Tor and VPN enabled environment.

Lastly, it provides support for segwit and also has features such as replace-by-fee, in case your transaction is stuck in the mempool because of a low transaction fee.

  • Recommended For: Privacy centric & advanced users.
  • Supported Operating System: Android
  • In-built Exchange: NA
  • Private Keys/Seed: The owner controls seed words
  • Passphrase Feature: Yes
  • PIN Code: Yes
  • HD Wallet: Yes
  • Custom Fee Feature: Yes
  • Cost: Free
  • Segwit Enabled: Yes
  • Multicurrency Wallet: No
  • Other Supported Currencies: NA
  • Staking: No
  • ERC 20 Toke Support: No
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Download Samourai Wallet

3. Electrum (Mobile Wallet)

Electrum

Electrum is a lightweight Bitcoin wallet developed by the Bitcoin community in early 2011. It is one of the oldest and most trusted wallets in the Bitcoin space. It is an open source project released under an MIT license.

It is also an active wallet to perform segwit enabled transactions for its users. Plus, you get seed and PIN for the custody of your funds.

Apart from that, it is both – a desktop and a mobile wallet – which allows its users to customize Bitcoin transaction fees both in desktop and mobile versions of the wallet.

  • Recommended For: Intermediate & advanced users
  • Supported Operating System: Android
  • In-built Exchange: NA
  • Private Keys/Seed: The owner controls seed words
  • Passphrase Feature: Yes
  • PIN Code: Yes
  • HD Wallet: Yes
  • Custom Fee Feature: Yes
  • Cost: Free
  • Segwit Enabled: Yes
  • Multicurrency Wallet: No
  • Other Supported Currencies: NA
  • Staking: No
  • ERC 20 Toke Support: No
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Download Electrum Wallet

4. Edge

Edge

Edge (formerly known as Airbitz) is also a non-custodial Bitcoin wallet and has an excellent development community backing it since 2013.

The Edge Bitcoin wallet is one of the oldest in the market and has pretty decent reviews. I have used Airbitz in the past, but haven’t had the chance to use the new, improved version – Edge. But given its track record, Edge always remains on my mobile as an emergency backup wallet that I can use anytime. Its security features are also a step ahead of its peers.

  • Recommended For: Beginners & advanced users alike
  • Supported Operating System: Android & iOS
  • In-built Exchange: NA
  • Private Keys/Seed: The owner controls seed words
  • Passphrase Feature: Yes
  • PIN Code: Yes
  • HD Wallet: Yes
  • Custom Fee Feature: Yes
  • Cost: Free
  • Segwit Enabled: Yes
  • Multicurrency Wallet: Yes
  • Other Supported Currencies: BCH, ETH, LTC, DASH, etc
  • Staking: No
  • ERC 20 Toke Support: Yes
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Download Edge iOS Wallet | Download Edge Android Wallet

Bitcoin Desktop Wallets Section

1. Exodus

Exodus Wallet

Exodus was the first desktop Bitcoin wallet that I started using, and I still remember I kept my first BTC here.

I still use it for my transactions, but it is not my primary wallet.

When you first look at the wallet, you will be mesmerized by its unique UX and UI design with a pie-chart at the center that makes it look elegant. You can store your bitcoins without worry, as Exodus has no hosted servers or logs.

No registration or identity verification is needed to get started with Exodus. But you certainly need to take a backup of your seed key and give away your email ID for the same.

It is so because while taking a backup of your seed key it asks for your email ID for sending you a one-click recovery link feature. You can always use this email link along with your password to restore your Exodus wallet.

  • Recommended For: Beginners & advanced users alike
  • Supported Operating System: Android & iOS
  • In-built Exchange: ShapeShift integrated
  • Private Keys/Seed: The owner controls seed words
  • Passphrase Feature:  No
  • PIN Code: Yes
  • HD Wallet: Yes
  • Custom Fee Feature: No
  • Cost: Free
  • Segwit Enabled: Yes, bc1 formate
  • Multicurrency Wallet: Yes
  • Other Supported Currencies: BCH, ETH, LTC, DASH, etc
  • Staking: No
  • ERC 20 Toke Support: Yes
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Download the Exodus wallet

2. Electrum

Electrum

Electrum is a lightweight Bitcoin wallet developed by the Bitcoin community in early 2011. It is one of the oldest and most trusted wallets in the Bitcoin space. It is an open source project released under an MIT license.

It is also an active wallet to perform segwit enabled transactions for its users. Plus, you get seed and PIN for the custody of your funds.

Apart from that, it is both – a desktop and a mobile wallet – which allows its users to customize Bitcoin transaction fees both in desktop and mobile versions of the wallet.

  • Recommended For: Intermediate & advanced users
  • Supported Operating System: Windows, Mac OSX, Linux
  • In-built Exchange: NA
  • Private Keys/Seed: The owner controls seed words
  • Passphrase Feature: Yes
  • PIN Code: Yes
  • HD Wallet: Yes
  • Custom Fee Feature: Yes
  • Cost: Free
  • Segwit Enabled: Yes
  • Multicurrency Wallet: No
  • Other Supported Currencies: NA
  • Staking: No
  • ERC 20 Toke Support: No
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Download Electrum Wallet

Bitcoin Web Wallet Section

1. Coinbase

Coinbase

Coinbase is a 3rd party hosted wallet for Bitcoin. And it is also a multicurrency wallet developed and maintained by the Coinbase company.

As it is a hosted wallet, one does not truly control their funds as they don’t give your private keys or seed words for that.

Moreover, it is a web version of a hosted wallet which can be prone to phishing attacks if not used with caution.

That’s why we don’t recommend this wallet to our audience. But if you are someone who isn’t so tech savvy and can’t take the pains of understanding the nitty-gritty of digital money, you might use this wallet.

But this involves high risk.

Some other very important USPs which CoinSutra looks into while reviewing a Bitcoin wallet is mentioned below with our findings for Coinbase.

  • Recommended For: Beginners & advanced users alike
  • Supported Operating System: Doesn’t matter
  • In-built Exchange: Yes, buy Bitcoin inside the Coinbase wallet
  • Private Keys/Seed: Seed words NOT controlled by the owner
  • Passphrase Feature: No
  • PIN Code: No
  • HD Wallet: No
  • Custom Fee Feature: No
  • Cost: Free
  • Segwit Enabled: Yes
  • Multicurrency Wallet: Yes
  • Other Supported Currencies: LTC, ETH, ETC
  • Staking: No
  • ERC 20 Toke Support: No
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Join Coinbase

2. Rahakott 

Rahakott

Rahakott is another web wallet that supports Bitcoin.

But unlike Coinbase, it is a self-hosted wallet where one controls their funds through seed words.

I recently came across this wallet while researching for privacy-centric Bitcoin wallets and found its UI very intuitive to use.

It has an inbuilt mixer and is a tor-enabled wallet that allows you to transact in BTC anonymously. Plus, you get the 2-FA authentication feature for enhanced security of your funds.

  • Recommended For: Beginners & advanced users alike
  • Supported Operating System: Doesn’t matter
  • In-built Exchange: No
  • Private Keys/Seed: Seed words controlled by the owner
  • Passphrase Feature: No
  • PIN Code: No
  • HD Wallet: No
  • Custom Fee Feature: No
  • Cost: Free
  • Segwit Enabled: Yes
  • Multicurrency Wallet: Yes
  • Other Supported Currencies: LTC, ETH, ZEC, DASH, etc
  • Staking: No
  • ERC 20 Toke Support: No
  • NEP-5 Token Support: No
  • QRC20 Token Support: No

Check Out Rahakott Wallet

Bitcoin Paper Wallet

Paper wallets are not for everyone as they are quite cumbersome to maintain and preserve. But if you are someone who understands paper wallets and can protect/use them smartly, go ahead and use these below-listed services to make a paper wallet for yourself.

Bitcoin Paper Wallet

It is also one of the simplest ways to store your BTC because you simply need to print your private keys and public addresses on a piece of paper and start transferring your bitcoins there.

For Bitcoin-like currencies, you can easily find paper wallets but use them with caution. Read: How To Make A Bitcoin Paper Wallet & How To Spend Bitcoins.

Plus, you need to be at caution against using sweep & import function while using a paper wallet. Here is a detailed article describing the differences between the two: Highlighting The Difference Between Sweeping & Importing Private Keys.

Final Conclusion

While I have extensively talked about the features of above-listed wallets (both positive and negative), nothing is 100% safe.

It is so because by holding Bitcoins and other cryptocurrencies you become your own bank and also behold the responsibility of taking care of your funds.

Moreover, not all wallets are suitable for all purposes.

As a good rule of thumb, I keep some bitcoins (0.2-0.3 BTC) in my mobile wallets which I can use anytime on-the-go, a decent amount in a desktop wallet for not-so-quick access and rest in hardware wallets for a long term.

So now I want to hear from you: Which wallets do you like the best? When do you use mobile, web or hardware wallets? Why do you use them? Let me hear your thoughts in the comments below!

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Here are a few other articles that might be of interest to you:

The post Top Bitcoin Wallet Reviews – A Mega Collection [2018 Edition] appeared first on CoinSutra – Bitcoin Community.



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