There are many different bitcoin wallets available to the every day user. There are different wallets for different platforms and each have their strengths and weaknesses. The charts below highlight the most popular bitcoin wallets available on the market. We compare their features such as platforms supported, whether it is open source, where are the private keys stored, and the type of wallet that it is.
| Rank | Wallet | Type of wallet | Platforms Supported | Open Source | Where are the private keys stored | Key Features |
|---|---|---|---|---|---|---|
| 1 |
Electrum |
Desktop |
|
Yes | Desktop |
|
| 2 |
Breadwallet |
Mobile |
|
Yes | Mobile |
|
| 3 |
Multibit |
Desktop |
|
Yes | Desktop |
|
| 4 |
Airbitz |
Mobile |
|
Yes | Mobile |
|
| 5 |
Mycelium |
Mobile |
|
Yes | Mobile |
|
| 6 | Web |
|
No | Mobile / Online |
|
|
| 7 |
jaxx |
Mobile / Desktop |
|
No | Mobile / Desktop |
|
| 8 |
green address |
Mobile / Web |
|
Yes | Mobile / Online |
|
| Rank | Wallet | Type of wallet | Platforms Supported | Open Source | Where are the private keys stored | Key Features |
|---|---|---|---|---|---|---|
| 1 | Hardware Wallet |
|
Yes | Hardware |
|
|
| 2 | Hardware Wallet |
|
Yes | Hardware |
|
|
| 3 | Hardware Wallet |
|
Yes | Hardware |
|
Up first is the Electrum Bitcoin Wallet for your desktop. It comes in first because it is the most versatile desktop wallet available. It has a developers console which enables full control over your coins. You are able to generate custom transactions from files, and able to create watch only addresses to keep your cold storage funds safe. Not only that, but Electrum provides an easy to use interface for funding wallets.
Breadwallet is our highest ranked iOS wallet available. If you are an iPhone user and need your bitcoins on the go, you can’t go wrong with Breadwallet. The keys are stored on your phone and upon the first installation you are provided with a recovery seed which you can use to recover your bitcoins in case the phone gets stolen or accidentally erased. Furthermore, Breadwallet is a HD (Hierarchical Deterministic) Wallet meaning that with the seed you are able to recover all of your addresses and labels. Checkout this full breadwallet bitcoin wallet review
.Airbitz is a relatively new Bitcoin wallet launched in 2015, it’s unique architecture along with an exceptional user experience distinguishes it from it’s competitors. Airbitz does not require any personal information to start using the app and automated backups ensure your funds remain safe.
While only available to Android and iOS users, Airbitz is both open source and has recently released an SDK which means anybody can port the wallet to a platform of their choice. Make sure to give the Airbitz app a try either on Android or iOS as there are many more features which have gone unmentioned, checkout the full Airbitz bitcoin wallet review here.
Multibit HD is another great light desktop wallet. It offers almost identical features that Electrum provides. However, Multibit does not support multisig wallets. On the other hand, Multibit also offers seamless support with Trezor, a bitcoin hardware wallet. The GUI on electrum and multibit is a bit different. If you need more complex features like being able to rebroadcast a transaction, exporting private keys of certain addresses then Electrum is the way to go. But for a personal user, Multibit is a great alternative.
In fifth place the Mycelium Android Wallet is a great wallet available for Android users. Just like Breadwallet the keys are stored on your phone meaning there are no servers to hack. It features a robust marketplace where you can find local bitcoin buyers and sellers and check out their prices. Furthermore, Mycelium awards extra security with the implementation of watch only addresses. Checkout this full mycelium wallet review
for a more in detail overview.In sixth place comes the Blockchain Bitcoin Wallet, it has both an android and an iOS app with the addition of a website. Unfortunately the keys are stored online meaning that if the site goes down access to the coins is lost. On the bright side, blockchain allows you to export the private keys of any of your addresses meaning that you can have access to the coins even if the site goes down. The cross platform compatibility and the ability to gain full control over your bitcoins ranks Blockchain as the top online wallet. Checkout the full blockchain.info review here
.In seventh place we have Jaxx wallet. It is a relatively new wallet launch last year, but it is one of the most popular multi currency wallets out there. As you might have figured by now, what sets Jaxx wallet apart is the fact that they support more than just Bitcoin. Ethereum, Dash, and Litecoin are just a few examples of supported cryptocurrencies. While the Jaxx website does list the source code for the wallet, since we couldn’t find a complete github of the wallet we do not consider it open source.
Jaxx claims that they do not store user information and one isn’t required to provide any info in order to start using the wallet. If you are an avid cryptocurrency trader needing to keep track of multiple cryptocurrencies, Jaxx wallet is the perfect solution for you. Checkout the full Jaxx review here.
In eigth place comes Green Address. This wallet was quite innovative with it’s features because it was one of the first to integrate features like Hierarchical Deterministic wallets and Multisig, 2FA, and nLockTime transactions. However, thing went downhill when the site’s uptime seemed to be an issue and users complained of having a hard time of logging into their wallets. However, Green Address gives you the option to backup your private keys so in case the servers go down you still have a way to recover your coins. Checkout this article for a full review of the Green Address Bitcoin Wallet.
Up first is the Trezor Hardware Bitcoin Wallet. Trezor is a reputable hardware wallet launched in 2014. It allows multisig and has seamless integration with the multibit desktop wallet.
Trezor is the safest way to store your bitcoins. Being a hardware wallet it is much harder to hack, if you control a significant amount of bitcoins $189 is a cheap price to pay for such a high level of security. Checkout the full Trezor Wallet Review here.
The Ledger Nano wallet is the cheapest hardware wallet out of the 3 priced at $50. Just like the Trezor and the KeepKey it stores your private keys offline preventing any malware on your infected machine to compromise your wallet. Furthermore, the Ledger Nano wallet includes a security card, which acts as a 2FA featue when authorizing transaction. This physical security measure is what brings this wallet to second place. Checkout the full Ledger Nano Review here.
Up next is the KeepKey Hardware Bitcoin Wallet, it comes in at a higher price point of $239 but offers a sleek design and an easy user interface for authorizing transactions.
KeepKey is also an HD wallet just like Trezor and allows for secure offline storage of funds with cold storage. Launched in September of 2015 it is only 3 months old and so far has received positive feedback in the bitcoin community. Checkout the full keepkey review here.
Also make sure to checkout this ultimate comparison between all 3 hardware wallets.
Don’t see your wallet listed? Email us at contact@themerkle.com and let us know you want to be added.
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