Why this website?
Today if you ask the web for a good bitcoin wallet you will have 2 kind of response:
- “Try this wallet, it’s cool”
- “Go to bitcoin.org”
You have seen that there are a lot of bitcoin wallets with many differences and it can be difficult to have reliable advices if you are not sufficiently informed. And the wallet section of Bitcoin.org is not perfect to compare wallets.
So I made this website. A website that gives you a quick and an easy view of the wallets.
Which wallet do you advise me?
If you want to be the true owner of your bitcoins, you have to choose a wallet that lets you control the private key (HD Key checked).
breadwallet (), GreenBits () and BitPay () are good choices then. They are well designed, simple, have frequent updates, a strong team of developers and don't require registration.
Bitcoin Wallet () is great but doesn’t have the Recovery Phrase to back up your wallet. So you have to back up a file on your smartphone and encrypt it with a password. It’s less convenient and less secure than a simple recovery phrase if you don’t encrypt the backup file with a good password.
Blockchain’s Wallet () is a good wallet but requires a registration with an e-mail address.
Mycelium () doesn’t have a good interface on Android for the moment.
Coinbase () and Xapo () are designed like banks, you don’t control your bitcoins in general but they are the best choice to buy bitcoins, and you can hold fiat currencies.
Luno () is really well designed but not the best choice to buy bitcoins.
Have you listed all wallets?
To be listed, wallets must have:
A sufficient user base:
For exemple, in the early days of GreenBits () and Copay, they had a lots of bugs and it could have been dramatic with many users. A lot of users means more feedbacks and less bugs.
Or an easy and a safe way to buy bitcoins, like Coinbase ().
A nice design:
Bitcoin becomes less and less complicated, and must offer simplicity for users.
Or companies. How trust them? If they are well known and develop bitcoin programs since a long time.
A Bitcoin specialization:
Multi-cryptocurrencies focused wallets are excluded. Wallets that hide the Bitcoin technology for a service that promotes fiat currencies (like Circle did it in the past) are excluded.
Why have you ranked the wallets by popularity?
To have an overview of the dominant wallets and not to disadvantage wallets that propose a really easy experience for buying bitcoins.
Is SPV important?
“Simplified Payment Verification” is described in the Bitcoin white paper itself.
With a SPV wallet, you don't have to trust a server about the transactions you receive and send.
You have a wallet that is almost autonomous and censorship resistant.
How secure my bitcoins on my computer?
Having a bitcoin wallet on a computer is generally more risky than a smartphone, and even more than a hardware wallet.
For all OS, you have to be sure of all programs that you have and verify for malwares if you want to secure your bitcoins.
Lock your computer with a strong password and encrypt the system if you can.
If your backup is a file, encrypt it with a strong password (more than 9 characters) or a passphrase.
You are more exposed by using Windows than Linux and OSX because of a large quantity of malwares targeting the OS of Microsoft.
How secure my bitcoins on my smartphone?
Don’t install a bunch of applications that ask for a lot of permissions!
Protect your phone with a PIN code, password or fingerprinting.
Don’t use an unknown alternative keyboard.
Backup the recovery phrase of your wallet in a safe place, or encrypt the backup file with a strong password.
Don’t root your device.
Finally, you must ask yourself about what will happen if you phone is stolen, or broken. So please backup your wallet and encrypt your phone.
Do I need a Hardware Wallet?
For an important amount of bitcoins, it’s a good choice.
When you are signing a transaction with a hardware wallet, the private key never leaves the hardware wallet and it operates in a secure environment that can’t be infected with a malware.
All hardware wallets ask you to back up the recovery phrase and they have a PIN protection before signing a transaction.
If you want an equivalent security, the multi-signatures technology can offer a strong protection (see BitPay () for that).
Do I have to wait for a transaction confirmation?
When you are sending/receiving a transaction, your wallet will inform you about the number of confirmation.
Without any confirmation, you transaction doesn’t exist on the blockchain of bitcoin (its database). Your transaction can expire or be replaced with a new one that inverse the transaction (double spend).
So you have to wait for at least 1 confirmation, and more than 2 confirmations for an important amount.
Have you been paid to promote a wallet?
This website promotes wallets that respect the philosophy of bitcoin, and it will never change.