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WARNING:

We don’t recommend web wallets due to bad security, try one of these quick alternatives.

Best Web Wallet Alternatives

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Best for Mobile

ZenGo

Online Bitcoin wallets–-also called web wallets–-are wallets that run in your web browser just like any other website. Unfortunately, in 2020, there are no web wallets we can recommend. However, we have some great alternatives for you. We’ll tell you why each of them is better than any web wallet you can find today and how to get your own. Bitcoin wallet Secure your (BTC) assets. Secure your Bitcoin assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users' Bitcoin assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet. Best Bitcoin & Cryptocurrency Wallets. With the above information in mind, here are the best cryptocurrency wallets to consider today. Commercial, Trading, and Storage Hot Wallet. Pros: Best in class for entry-level functionality with an all-in-one solution.

Easy to use iOS & Android wallet

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.

Online Bitcoin wallets–-also called web wallets–-are wallets that run in your web browser just like any other website.

Unfortunately, in 2020, there are no web wallets we can recommend.

However, we have some great alternatives for you.

We’ll tell you why each of them is better than any web wallet you can find today and how to get your own.

Heads Up!

Large amounts of bitcoins should not be stored on your online wallet! If you want the most secure Bitcoin wallet then you will need to use a hardware wallet like the Ledger Nano X or TREZOR T.

You should always do research before downloading or installing any Bitcoin wallet.

What is a Web Wallet?

A web wallet is a cryptocurrency wallet that exists online only.

You access it through a web browser or internet connected app. The private key for the coins (which is like the password to the wallet) is either held by a custodian (the person who owns the web wallet site) or it is encrypted behind a password of your choosing.

Why You Shouldn’t Use Web Wallets

Unlike other wallets, where the private key is stored on a device you control such as a phone or a computer, in the case of web wallets, you are trusting someone with your keys.

If the web wallet is a custodial wallet, you are trusting the custodian to keep your private key secure. If the private key is password protected, that means the private key should have been encrypted behind the password. However, it is still sitting on a server you don’t control. This means you need to trust the server owner to:

• not lie about hashing the private key
• hash the private key properly so attackers cant get it.

Both of these are big problems, since it would be very easy for a web wallet to lie about not keeping a copy of the private key and take your coins. Even if the server owner has attempted to hash your private key, these servers are a ‘honey pot’ for attackers, since there are so many private keys there. If the web wallet made a mistake when hashing your private keys, it will be easy for attackers to take your funds.

And even if the web wallet does everything right, you may make a mistake by using a weak passsword that is easy for attackers to discover. That’s why everyone should also be using a password generator like LastPass.

Web Wallet Alternatives

We know you are here to find a wallet that works for you, so we wanted to give you some alternatives to web wallets that will be more secure but just as easy to use (with some additional advantages).

Mobile Wallets

Mobile wallets are some of the most common types of Bitcoin wallets out there today. You can find them for both iOS and Android and there are some great options to choose from.

Mobile wallets are very similar to web wallets except for one crucial difference: the private key is not held on a server you don’t control. Instead the private key is held on your personal mobile device (like your iPhone or Android).

This means that there is no longer a ‘honeypot’ effect. The only private keys on your device is presumably your own. An attacker would need to know about it, then gain access to your device, and hopefully find enough coins on there to be worth the effort. With a web wallet service, the payoff for a hacker is much bigger. If he can find a way to break the web wallet’s private key encryption, he can potentially steal thousands of people’s coins.

The other nice thing about mobile wallets is that they are (usually) not custodial.

WARNING: Just because there is an app you can install on your phone that holds Bitcoin does NOT mean it is not custodial.
The coinbase app is one app where you can store Bitcoin, but it is completely custodial. This means Coinbase will control your coins. Make sure the app lets you store your own private keys.
Mobile wallets do not at all guarantee your coins are safe.
Make sure you have properly backed up your mobile wallet and never hold too many coins on a mobile wallet.

Desktop Wallets

Desktop wallets function almost identically to mobile wallets. The private keys are stored locally on the computer. You can use the wallet whethor is it connected to the internet or not.

The big difference between mobile wallets and desktop wallets is that, generally speaking, desktop wallets tend to be more advanced. That means they tend to come with more technically complicated features that can increase privacy or allow for more flexibility when it comes to signing transactions.

That being said, the potential for error among beginner users is higher. It’s also more dangerious setting up a desktop wallet because its easier to accidentally install a fraudulent version of the wallet software.

Mobile wallets are (somewhat) less prone to this issue, since companies like Apple are very good about curating which wallet apps end up on their store and know who the developers are. This is less true on the google play store where there are many scam apps, but its still better than the openness of the internet.

1/2🚨#Phishing Alert🚨
We noticed there are fake #Ledger Live apps on Google Play that try to trick users into entering their Recovery Phrase
⚠️NEVER share your 24 words
⚠️NEVER enter your 24 words into a computer/smartphone
⚠️ALWAYS get Ledger Live fromhttps://t.co/3HPn8Wuk10

For instance, the electrum desktop wallet is the most popular and well-known desktop wallet on the market. However, downloading any Electrum wallet before version 3.3.4 is susceptible to phishing.

Warning: Electrum versions older than 3.3.4 are susceptible to phishing. https://t.co/aKyOyBBFnG Do not download Electrum from another source than https://t.co/WkDxz8A6Qg.

Anyone anywhere can make a scam wallet or a fraudulent version of a legitimate one (and they can do this easily since so many wallets are open-source) and put it on the internet for unknowing victims to download.

Refer to our page on the best desktop wallets and do your best to make sure you are getting the real deal by verifying PGP signatures.

Hardware wallets

Hardware wallets are, by far, the most secure kind of wallet you can use.

What makes hardware wallets unique is that they are purpose-built to store cryptocurrency.

When you use a hardware wallet, it should do one thing and one thing only: store private keys offline. There are no texting apps. There are no games to play. There is no way to check your facebook.

Why is this advantageous when storing crypto? Because the more applications your device has to support, the more code your device must hold. And more code is more opportunity for an attacker to find a vulnerability in.

In many cases, devices are hacked because some application or software had some bug. Once a hacker exploits that bug, he can get access to the rest of the device.

Think of it like this: is a house with only one door easier is to break into than a house with a bunch of doors and windows? The same idea applies to devices.

Unlike your computer and smart phone, which is designed to do many different tasks, the hardware wallet is designed to hold private keys securely. Even if you plug it into a computer full of malware, the hardware wallet should be safe.

And best of all, you can control hardware wallets from desktop apps, giving you the comfort of a desktop user interface with the security of a hardware wallet.

We highly recommend getting a hardware wallet if you intend on holding any amount of crypto for a long time.

COMPARISON

Ledger Nano X

• SCREEN:
• RELEASED: 2019
• PRICE: $119

Ledger Nano S

• SCREEN:
• RELEASED: 2016
• PRICE: $59

TREZOR T

• SCREEN:
• RELEASED: 2018
• PRICE: $159

TREZOR One

• SCREEN:
• RELEASED: 2013
• PRICE: $59

The only disadvantage to hardware wallets is that they cost money. This is a sticking point for some.

• Web Wallet Alternatives
• How to Add Funds to Your New Wallet

After all, most mobile wallets and desktop wallets are free.

Why should you pay for a wallet? Ask yourself: would you trust a car that someone gave you for free to get you from point A to point B safely?

Remember this is your money we are talking about. Better to be safe than sorry, and a hardware wallet is a great way to be safe.

How to Add Funds to Your New Wallet

For you to add funds to your iOS wallet, you will need to find an exchange to buy crypto from then transfer it to your iOS wallet. Many iOS wallets have exchanges native to them (as seen above), however, these exchanges generally charge very high fees for the convenience, so it’s generally better to use a dedicated exchange, like Kraken or Coinbase.

You’ll need to choose an exchange that services your country and/or state. You can find a full list of exchanges sorted by country and preffered payment method on our exchange finder or you can see the most popular exchanges below:

• Coinbase

  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • 'Instant Buy' option available with debit card
• Kraken

  • Great liquidity and low fees
  • Supports most countries
  • Trusted exchange, started in 2011

After you have bought your crypto, you’ll need to send it to your wallet. To do that, do the following:

1. Open your wallet and find an option to “receive”

2. Copy the address given

3. On your exchange where you bought your coins, select the “send” option.

4. There should be a field to input your wallet address copied in step 2. Paste it there.

5. Confirm you want to send your coins.

After that, you should receive a confirmation with a transaction ID of some kind. Here is what that might look like.

Steel Backups - a Great Addition to a Wallet

All the wallets mentioned above have another great feature: back ups.

This means that if you lose your wallet, you haven’t lost your coins.

Most web wallets today do not support backups, so if you lose your password or it gets comromised, it’s game over.

Not so with mobile, desktop and hardware wallets. In most cases, when you set up your wallet on your phone, computer, or hardware wallet, you will be given a 12 to 24 word phrase.

This phrase is a seemingly random series of words called a mnemonic phrase. In short, if your phone or hardware wallet is ever lost, stolen, or destroyed, you’ll need these words to regain access to your coins on a new wallet. This process is called ‘wallet recovery’.

The best way to back up this phrase is by using a steel wallet.

These help you store the phrase in a fire-proof, water-proof way. If you ever experience a flood or house fire, these devices are true lifesavers.

These backup devices are a relatively cheap insurance policy to take out on your wallet. You can find our favorite steel backups listed below:

• Billfodl

  • Highest grade steel wallet
  • 125% money back guarantee
  • Lots of accessories to up your security
  • Free shipping if you spend $75 or more
• Cryptosteel Capsule

  • Second backup from cryptosteel
  • Sold by Ledger
  • Different from cassette styles
• Cryptosteel

  • First steel wallet
  • Multiple types of steel wallets available
  • Free shipping on orders of $150 or more

Conclusion

Holding your private keys yourself is really crucial crypto security in 2020. There are also no good web wallets that allow you to do this properly anymore. Green Address used to let you do this in an interesting way, but they were absorbed by blockstream, and no longer support their web wallet.

That means we cannot recommend you use web wallets any more. Instead, you should use a mobile or desktop wallet, or better yet, pick up one of the hardware wallets we recommended in this article. They allow you to control your private keys and back them up properly using a steel wallet.

• Overview - Table of Contents

Without a Bitcoin wallet, you can’t send or receive Bitcoin payments. So before you get bitcoins, you’ll need to buy, download, or create a bitcoin wallet.

Are you a new Bitcoin user?

Or have you been using Bitcoin for a while and want to upgrade your security practices? Then keep reading!

Types of Wallets

There are many different ways to use Bitcoin and so there are many different types of wallets:

• Online bitcoin wallets. Wallets that can be accessed on the web from any internet connected device.
• Bitcoin hardware wallets. Physical devices designed to secure bitcoins.
• Software wallets. Wallet applications downloaded to your phone, computer or tablet.
• Paper wallets. Bitcoin private keys printed from an offline computer.
• MWC - Learn something new like Mimble Wimble for scalability, privacy, anonymity and fungibility.

Online Wallet For Bitcoin

By the end of this article you’ll understand Bitcoin wallets and have a better idea about which type is right for you. Here are some factors to consider:

• On the go? If you are making payments in person and not online then a mobile wallet like Copay (iOS & Android), breadwallet (iOS) or Mycelium (Android) is a must.
• Frequency of payments. If you will need to make frequent payments then it will be best to keep your funds in wallet that is easy to use and accessible. Mobile wallets and desktop wallets are good options.
• Amount. If you are dealing with large amounts of bitcoins you will need a secure wallet. Hardware wallets and secure offline wallets like Armory are good options.
• Use combinations. Use a mobile wallet as your checking account, and a hardware or secure offline wallet as your savings account. Mix and match to find a combination that provides both security and accessibility.

Universal Wallets

Atomic Wallet

Atomic Wallet is a fully decentralized, non-custodial multicurrency wallet, supporting over 300+ coins and tokens. Atomic provides an interface that allows you to not only manage, but also exchange and buy cryptocurrencies without using external services. The wallet has a built-in decentralized orderbook enabling users to exchange BTC, LTC and QTUM using the Atomic Swap technology. Atomic Wallet provides users with a 12-word mnemonic seed, so they get full access to their funds. All private keys are encrypted on an end device.

Copay

Copay is a Bitcoin wallet by Bitpay and available on iOS, Android, Windows Phone, Linux, Max OS X, and Windows. Because Copay is available on multiple platforms, it’s easy to use the same wallet or accounts across multiple devices.

Copay’s simple, clean user interface makes it a good choice for new Bitcoin users. Copay is also a good option for businesses due to a shared account feature, which requires a certain number of users to sign each transaction. Two co-founders, for example, could create a 2 of 2 wallet where both will be required to sign each transaction.

Hardware Wallets

Hardware wallets are small computers or smartcards built with the sole purpose of generating Bitcoin private keys offline. Hardware wallets securely sign transactions in the same offline environment.

COLDCARD Wallet

Coldcard is an easy to use, ultra-secure, open-source and affordable hardware wallet that is easy to back up via an encrypted microSD card. Your private key is stored in a dedicated security chip. MicroPython software design allows you to make changes. It goes above and beyond, by giving you the option to sign transactions fully Air-Gapped/Offline via MicroSD (PSBT-BIP174)

Coldcard is different than other wallet. No specialized software required. It accepts standard PSBT transaction (BIP 174) stored on an MicroSD card. No companion 'app' on your computer, works with the major wallets already (Electrum, and more to come). It's cheap! Simple packaging, plain design, no fancy boxes, no redundant cables. It's ultrasecure! Real crypto security chip. Your private key is stored in a dedicated security chip, not the main micro's flash. Easy back-up! MicroSD card slot for backup and data storage. This allows truly offline signing, by transferring the unsigned/signed transactions on sneakernet. Open source software design runs Micropython and you can change it.

Ledger Nano

The Ledger Nano is a smartcard based hardware wallet. Private keys are generated and signed offline in the smartcard’s secure environment. The Nano is setup using the Ledger Chrome Application. A random 24-word seed is generated upon setup and backed offline by writing it down on a piece of paper. In case of theft, damage or loss, the entire wallet can be recreated with the seed. A user selected PIN code is also assigned to the device to protect against physical theft or hacking.

The Ledger Nano may be used on any computer, or Android phones with Mycelium or GreenBits.

TREZOR

The TREZOR differs from the Ledger Nano in that it’s a very tiny computer rather than a smartcard. Private keys are still generated offline.

TREZOR also generates a 24-word seed upon setup. The TREZOR has its own built in screen where the seed is displayed and copied down during backup. Since the TREZOR is an offline device it offers extra security since the seed isn’t displayed on an online computer.

An additional passphrase can be added to the 24-word seed. This provides extra protection, since anyone who finds someone else’s 24-word seed is free to access the funds. If the optional passphrase is added, an attacker still wouldn’t be able to access funds without both the seed AND the passphrase. If the passphrase is forgotten, it cannot be recovered.

OPENDIME

The first Bitcoin Bearer Bond or called a Bitcoin Stick. Opendime is a small USB stick that allows you to spend Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one.

Acts like a read-only USB flash drive. Works with any computer, laptop, and phone.

A QR Picture and Text file inside contain Bitcoin address and support.

The private key is generated inside the device, and is never known to any human, not even you!

The Bitcoin world changes fast but Opendime is built on the fundamental Bitcoin features that have not changed in five years.

Give an Opendime to anyone and they don't need to worry that you can take back the funds later.

You have got the private keys in the device. This is physical Bitcoin as it was meant to be to just hand it to someone and they have got it.

Pass it on multiple times! Simple as a handshake. No miner fees, no confirmation delays.

Uses Bitcoin message signing, normal (non HD) bitcoin payment addresses and private keys in WIF format.

Ledger HW.1

The Ledger HW.1 is a more affordable version of the Ledger Nano.

Ledger Unplugged

The Ledger Unplugged is a credit card-size wireless hardware wallet. Private keys are generated offline. Transactions are signed on the device and sent to a mobile phone via NFC.

The Ledger Unplugged is ideal for everyday use, since the device fits perfectly into wallets and no OTG cable is required.

Bitcoin Cash Online Wallet

Online Bitcoin Wallets

Online Bitcoin wallets, or web wallets, store your private keys online. Wallets can only be accessed with a user-set password.

GreenAddress

GreenAddress is a multisig web wallet, with apps available for Chrome, iOS, and Android.

SpectroCoin

SpectroCoin is an all-in-one solution for Bitcoin. Services offered include a wide range of Bitcoin solutions, from exchange to Bitcoin e-wallet.

Mobile Wallets for Android

Atomic Wallet (Android)

Online Wallet For Bitcoin Cash Instantly

Atomic Wallet is available on Google Play and fully optimized for Android devices. The app provides the option to seamlessly manage and exchange 300+ coins and tokens. Private keys are encrypted on users’ device and never leave it.

breadwallet (Android)

Breadwallet started out as the most popular wallet for iPhone, and now it is also available for Adroid devices running Android 6.0 or higher. The simplicity and easy-to-use security makes it a great place to start for users who are new to bitcoin.

Mycelium (Android)

Mycelium is a favorite among experienced Bitcoin users. It’s an HD wallet with many advanced features, like support for hardware wallets TREZOR and Ledger, watch-only accounts, cold storage spending, and Tor.

Bitcoin Wallet

Bitcoin Wallet was the first Bitcoin wallet for Android. It’s simple, easy to backup, and connects directly to the Bitcoin network with SPV.

Airbitz

AirBitz is another Bitcoin wallet that’s great for everyday use. It’s integrated with Fold, meaning you can get 20% discounts at Starbucks from within the wallet.

Airbitz manages accounts with usernames and passwords, but doesn’t have access to your funds. This type of account creation is easier for less technical users who may have trouble backing up or understanding HD seeds.

GreenBits

GreenBits is the native version of GreenAddress. It’s fast, simple, and supports hardware wallets TREZOR and Ledger Nano/HW.1.

Mobile Wallets for iOS

breadwallet (iOS)

Breadwallet’s combination of simplicity and security has made it the most popular iOS wallet. iPhone users in search of their first Bitcoin wallet should find Breadwallet easy to understand.

Copay

Copay is available in the App Store. Click here for more details.

Airbitz

AirBitz is also available in the App Store.

Desktop Wallets

Desktop wallets are software wallets that are downloaded and installed on your computer. The desktop wallets below are available on Mac OS X, Windows, and Linux.

Paper Wallets

Paper wallets were the standard method of cold storage before hardware wallets were built. Paper wallets are private keys printed out on a piece of paper. If generated and printed with a secure, offline computer, paper wallets are secure cold storage.

The main problem with paper wallets is it can be inconvenient to create and print a new wallet each time you send funds to cold storage. However, it’s possible to bulk print paper wallets to save time and eliminate address reuse. Our cold storage guide explains step-by-step how to create a secure paper wallet.

Best Practices

Bitcoin lets you control your money, meaning you are responsible for both your money’s security and your financial privacy. Here are some steps you can take to ensure your privacy and security:

Control your private keys

Services like Coinbase and Circle offer “Bitcoin wallets”, but in reality control your private keys. It’s best to use a wallet where you control your private keys. This is the only way to have full control of your funds and not have to rely on third parties for security.

Protect your privacy

Each time you request blockchain data from a wallet, the server may be able to view your IP address and connect this to the address data requested. Each wallet handles data requests differently. If privacy is important to you, use a wallet that downloads the whole blockchain like Bitcoin Core or Armory. Tor can be used with other wallets to shield your IP address, but this doesn’t prevent a server from tying a group of addresses to one identity. For more information, check out the Open Bitcoin Privacy Project for wallet rankings based on privacy.

Don’t reuse addresses

Most Bitcoin wallets today automatically create a new address for each transaction. Since all Bitcoin transactions are public, address reuse makes it easy for others to group transactions and understand which payments are connected to one identity.

Use different wallets for different sums of money

Just like you don’t walk around with your savings account as cash, there are different Bitcoin wallets that should be used depending on how much money is being stored or transferred. Secure wallets like paper wallets or hardware wallets can be used as “savings” wallets, while mobile, web, and desktop wallets should be treated like your spending wallet.

Create multiple secure backups

Users should create multiple backups of their wallets. Backups should be kept in separate physical locations in the case of fire or water damage. Paper wallets can be laminated or written in metal for extra protection.

How to Store Bitcoins

Earlier it was mentioned that there are four types of Bitcoin wallets: online wallets, hardware wallets, software wallets, and paper wallets. These four categories can be broken down further into different kinds of storage and security:

Hot Wallets

Hot wallets refer to Bitcoin wallets used on internet connected devices like phones, computers, or tablets. Because hot wallets run on internet connected devices there is always a risk of theft. Think of hot wallets like your wallet today. You shouldn’t store any significant amount of bitcoins in a hot wallet, just as you would not walk around with your savings account as cash.

If only used with small amounts, hot wallets should be used for your everyday Bitcoin needs. One may, for example, want to keep $200 worth of bitcoins in a hot wallet for spending, with $10,000 locked away in cold storage.

Custodial Services

Although often called Bitcoin wallets, services like Coinbase and Circle aren’t true Bitcoin wallets. Customers private keys are held by these third party services, meaning users don’t really have control of their money.

As Bitcoiners often say: “if you don’t control the keys, you don’t control the coins”. Mt. Gox is an extreme example, but one that illustrates the importance of holding private keys. Gox was the first and largest Bitcoin exchange up until 2013. Thousands of users stored more than 800,000 bitcoins in their Gox accounts.

At the time, one may have claimed to have 1,000 bitcoins in a Gox account. While true at the time, as soon as Mt. Gox claimed to have been victim of theft users with bitcoins in their accounts were left empty handed.

Services like Coinbase and Circle may in fact use good security practices and there’s a chance your bitcoins are safe. But by storing bitcoins with a third party you are always taking on additional risk.

Cold Storage

Online Wallet For Bitcoin Cash Money

Cold storage is achieved when Bitcoin private keys are created and stored offline. Private keys stored offline are more secure since there is no risk that a hacker or malware could steal your coins.

Wallet For Bitcoin Cash

There are three ways to create cold storage: paper wallets, hardware wallets, and software wallets run on offline computers. Think of cold storage as your savings account. Use it to securely store bitcoins that you don’t plan to spend.

Multisignature Wallets

Online Wallet For Bitcoin Cash

Multisignature wallets like Copay make it easier to share control of bitcoins between multiple parties. If created offline, multisig can also make cold storage more secure.

Multisignature wallets require multiple parties to sign transactions in order for funds to be spend. In a 2-2 wallet, for example, both parties must sign a transaction. In a 2-3 multisig wallet, two of the three co-signers must sign each transaction.

Online Wallet For Bitcoin Cash Wallet

Armory Multisig: Armory offers a Lockbox feature that requires any amount of up to seven co-signers to approve shared transactions. A Lockbox is created by one party who adds additional public keys as co-signers. This solution provides a mix of flexibility and security for personal use or organizations.

Armory’s fragmented backups is another useful feature. Instead of requiring multiple signatures for each transaction, fragmented backups require multiple signatures only for backups. A fragmented backup splits up your Armory backup into multiple pieces, which decreases the risk of physical theft of your wallet. Without a fragmented backup, discovery of your backup would allow for immediate theft. With fragmented backup, multiple backup locations would need to be compromised in order to obtain the full backup.

Here's a look at some everyday use cases for multisig:

2-2 Wallet: Two business partners work together at a startup. They create a 2-2 multisig wallet so that no funds can be spent without the permission of both founders. If one tries to create a transaction, the other partner will be required to sign off on the transaction before money can be moved.

2-3 Wallet: A 2-3 multisig wallet could be used to create secure offline storage with paper wallets or hardware wallets. Users should already backup their offline Bitcoin holdings in multiple locations, and multisig helps add another level of security. A user, for example, may keep a backup of a paper wallet in three separate physical locations. If any single location is compromised the user’s funds can be stolen. Multisignature wallets improve upon this by requiring instead any two of the three backups to spend funds--in the case of a 2-3 multisig wallet. The same setup can be created with any number of signatures. A 5-9 wallet would require any five of the nine signatures in order to spend funds.