A Bitcoin wallet is an important tool for any crypto investor because it stores users’ public and private keys allowing them to store and conduct cryptocurrency transactions. So, Which Bitcoin wallet is best for you? Let’s find out with CoinMinutes the Top 11 Bitcoin Wallets worth using in 2023 below.
11 Best Bitcoin Wallets
Exodus
Exodus is an online cryptocurrency wallet that allows storing Bitcoin, Ethereum, Ripple, Litecoin,… and most ERC20 tokens. Additionally, Exodus also allows users to spend and trade cryptocurrencies with each other across multiple devices such as desktop, and mobile with a simple user interface and exchange integration.
Pros
- Simple interface, easy and convenient to use
- Integrated exchange
- Investment management portfolios for intuitive tracking
- A chart of the increase/decrease of coins/tokens
- Allows linking Desktop and Mobile for easy management
- Good customer support
Cons
- Closed source software
- Lacks 2FA security features
- The supported cryptocurrency is still quite low compared to other wallets
- Security concerns
Why should you choose it?
If cryptocurrency owners are looking for simplicity in accessing and managing their digital wallets, Exodus is a great choice. Users will easily manage many different cryptocurrencies in one place with a simple, easy-to-use interface.
Coinbase Wallet
Coinbase wallet is one of the most used digital currency wallets for storing cryptocurrencies. Coinbase is known for being easy to use, the design is quite good, and they protect your funds with many security features (like 2-FA). Coinbase Wallet supports multiple cryptocurrencies and provides integrated access to decentralized applications for staking and profit. Additionally, Coinbase puts it ahead of the competition by allowing NFT trading.
Pros
- Optimal security
- Easy to use
- Register and keep crypto for free
- Reasonable fees
- Supports most major cryptocurrencies
- Reputable and publicly traded company
- Trade using NFTs
Cons
- Access your private key”Hosted” wallets – require maintaining a constant connection to the Internet
- There is no desktop application
- No Bitcoin withdrawals for Australians
Why should you choose it?
Coinbase Wallet helps you store multiple cryptocurrencies with easy access to exchanges and decentralized finance ecosystems. In addition, your cryptocurrency account will be guaranteed to be safe thanks to the reputation of the exchange. Coinbase Wallet is a suitable choice for those who want to get into DeFi or are using Coinbase services.
MetaMask
MetaMask is a popular light wallet focused on serving the Ethereum ecosystem and ERC-20 tokens. It is available as a browser extension and mobile app that you can use to buy, sell, and exchange coins as well as access decentralized applications or DApps.
Pros
- Purchases are available by ACH transfer, card payments, and digital wallets, including PayPal
- Beautiful interface while still ensuring ease of use
- Supports up to 18 languages
- Transaction fees are adjustable at will
- Store the private key on your device
Cons
- Security is not high compared to cold wallets
- There is no desktop application
- Bitcoin is not supported
Why should you choose it?
MetaMask is a great choice if you are regularly using applications on the Ethereum platform without needing to store tokens other than ETH.
Guarda
Multi-currency Guarda Wallet is available as a browser extension, mobile app, and desktop app. Guarda wallet is a non-custodial wallet, so you have complete control over your funds. Guarda Wallet is open source. This means anyone can look at Guarda’s source code to check if there is any malicious code that could be used to steal investors’ money.
Pros
- Supports many cryptocurrencies
- Open-source wallet
- There is a Chrome extension
- Can be purchased with a debit card
- Simple to use interface
- Non-custodial control of private keys
Cons
- Fewer features than some dedicated walletsHigh transaction fees
- Closed source code
- Limited NFT support
Why should you choose it?
Guarda provides a convenient way to store multiple cryptocurrencies across multiple devices with private key ownership.
Mycelium
Mycelium Wallet provides enhanced security and control over your digital currency transactions. This is a mobile application designed to provide a secure and reliable platform for Bitcoin and Ethereum transactions.
Pros
- Hardware wallet supportIntegrate exchange policies and fees
- Open source and transparent development
- Customize transaction fees
- High security
- Wide compatibility
Cons
- Limited currency support
- Mobile-only and no desktop version
- Difficult to use for newbies
- There are no built-in buy/sell options
- Lack of customer support
Why should you choose it?
With years of reliable operation and strong security features, Mycelium establishes trust for Bitcoin and ETH holders on mobile. Mycelium offers long-time users a tried-and-true lightweight wallet with strong security on Android and iOS.
Trust Wallet
Trust Wallet is a multi-asset wallet owned by Binance, allowing you to send, receive, and store assets on the Ethereum blockchain. They support the storage of over 4,000 different cryptocurrencies including Bitcoin, Ethereum, BNB, etc. It provides an easy experience for both novices and experienced users through its smartphone and tablet app. Trust Wallet allows users to quickly access decentralized applications (DApps).
Pros
- Easy-to-use interface
- Allows most cryptocurrencies
- Transactions are faster than usual
- Web3 browser interacts with DApp
- Supports both Android and IOS
Cons
- Closed source
- Limited exchangeability for other assets
- Cannot simply convert to offline storage
Why should you choose it?
Trust Wallet provides a seamless experience compatible with Binance products and functions for interacting with blockchain applications. Suitable for users looking for a simple, low-cost hosting option.
Electrum BitBox
Electrum is one of the first Bitcoin wallets, pioneering open-source software, supporting advanced features such as the use of multi-modal signatures. They allow users to choose between traditional Bitcoin and Segwit.
Pros
- The wallet software is secure and lightweight
- Customize transaction fees
- High level of security
- Allows creating Lightning Network payment channels
- Easy setup process
Cons
- Desktop-only
- Only supports Bitcoin
- Limited customer support
- Basic user interface
Why should you choose it?
Electrum is the best choice for users who are only interested in holding Bitcoin, with experience trading cryptocurrencies due to its complex options. Electrum is perfect for its excellent security features, and fast and inexpensive Bitcoin transactions.
OPOLO
Opolo smartphone wallet focuses on high-end security for Ethereum and ERC-20 tokens through biometric authentication such as Face ID, and Touch ID.
Pros
- Military-grade security with biometric authentication
- Control private keys without relying on 3rd parties
- A large amount of cryptocurrency can be collected in a single wallet
- Simple interface, easy to use on smartphones
Cons
- Only available on the iOS operating system
- Price is high compared to available features
- The devices can only be purchased through USDT or USDC on the Tron network
Why should you choose it?
Opolo Wallet offers a secure and convenient mobile experience for Ethereum users with enhanced security through biometric authentication. This is a great choice for mobile users who want to control their digital assets most securely.
Cobo
Cobo Wallet is a multi-asset mobile wallet focusing on proof-of-stake transactions (staking) to generate profits from cryptocurrencies. It allows users to participate in the staking of many cryptocurrencies easily. Cobo Wallet is the first wallet in the world to support pooled staking, providing native staking for dozens of PoS projects, with an integrated dapp store.
Pros
- High security
- Easy to use
- Supports multiple platforms and hardware wallet connections
- Allows staking of a variety of digital currencies
- Provides high profits from staking activities
Cons
- Installation and use are more complicated than regular wallets
- Few languages available
Why should you choose it?
Cobo Wallet is suitable for those interested in making profitable investments from cryptocurrency. The application supports many staking digital currencies with high profits and allows cross-platform asset management.
Wasabi Wallet
Wasabi is an open-source, privacy-focused Bitcoin wallet based on non-custodial software. They are compatible with Windows, MacOS, Windows, and Linux. Wasabi is a specialized Bitcoin wallet that supports financial privacy through the use of CoinJoin transactions. However, the wallet only supports desktop computers and does not offer a mobile app.
Pros
- Strong Bitcoin support
- Secure your account and hide transaction traces
- CoinJoin enabled
- High privacy
- Free and open-source
Cons
- Only supports one crypto asset
- CoinJoin is complicated to configure and difficult to use
- Available on desktop only
Why should you choose it?
Wasabi is suitable for those who value keeping financial information confidential when using Bitcoin. Using CoinJoin trading provides the ultimate private experience on the blockchain.
CoinKite
Coinkite is a multi-crypto wallet primarily focused on Bitcoin and can be accessed via a web browser from any device. They support storing popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, … and ERC20 tokens.
Pros
- No installation is required, access from anywhere
- Simple to use with just a web browser
- Provides 2FA security and safety procedures
Cons
- Being web-based, it can be more vulnerable to attacks
Why should you choose it?
If you’re looking for a convenient wallet solution that doesn’t require installing software, Coinkite Wallet is for you. It eliminates device barriers as you only need a web browser to access the wallet at any time.
Conclusion
Bitcoin wallets are an important part of the virtual currency world, helping you store, send and receive BTC coins safely. Hopefully, the information about the Top 11 Bitcoin Wallets above will help you choose the best wallet suitable for you.
