Best Bitcoin Wallets 2022
Do I need a Bitcoin Wallet?
If you are going to invest in bitcoin or use it to make purchases, you will need a wallet. Even if you are just dipping a toe, avoid services like PayPal and Robinhood because theses services do not let you control your bitcoin, they store the coins on their servers and control the keys, avoid them. There are better bitcoin wallets, where you hold the private key and control your bitcoin holding. I recommend noncustodial bitcoin wallets for every bitcoin investor and user.
There are many Bitcoin wallets available that make it easy to secure and manage bitcoin, cutting out the Clutter and picking out the right option can be difficult.
Put simply, if you plan to purchase Bitcoin (BTC), you will need a safe place to store your Bitcoin holdings. Using a bitcoin wallet, instead of storing your bitcoin with an exchange, will give you greater control over your crypto asset.
In this article, we delve into Bitcoin wallets available to help you choose the best platform for your bitcoin needs. The best bitcoin wallet for you will depend on your main priorities (accessibility, transaction privacy and multi-platform support).
Bitcoin wallets make it easy to send and receive Bitcoins and grant you control of your Bitcoin asset. Bitcoin wallets come in many forms and types.
There are 4 major categories of bitcoin wallets, they are; web wallets, desktop wallets, mobile wallets, and hardware wallets.
Web Wallets
A web wallet is a bitcoin wallet that can be accessed on any web browser. Web wallets are device-agnostic, meaning you can use them on any device with a web browser, you can use them on laptops, desktop computers, mobile phones, tablets, or any device with access to the internet. Web wallets are great and provide easy and reliable access to your funds.
Web wallets make it very easy to access bitcoins from anywhere, on any browser or mobile device. Selection of your web wallet must be done carefully and you should only use recommended web wallets.
These are some of the best web wallets for sending and receiving bitcoin.
1. Guarda Wallet
Guarda wallet is a web wallet that supports bitcoin and other altcoins as well. Guarda Wallet is a lightweight wallet that is available on your web browser and your mobile devices. Guarda is a reliable and safe wallet, which makes it one of the best bitcoin web wallet available. You can trust Guarda Wallet to protect your private and personal information, Guarda Wallet erases your keys anytime you navigate away from the site or log out.
2. Cryptonator Wallet
Cryptonator is a multi-currency bitcoin web wallet with support for Ethereum, Litecoin, and other altcoins. Cryptonator wallet enables fast and direct transactions, you don’t have to worry whether or not your funds will successfully arrive at their intended destination on time.
Cryptonator offers a high degree of security, anonymity and privacy.
3. Blockchain.com
Blockchain.com is one of the oldest bitcoin web wallets, it has been around since 2011. It is a popular online bitcoin wallet and boasts over 23 million user accounts and has performed more than 100 million bitcoin transactions. It is one of the best bitcoin wallets.
With Blockchain.com you can seamlessly and easily store, transact, and exchange bitcoin with the Blockchain.com wallet. Blockchain.com supports Bitcoin, Bitcoin Cash and Ethereum.
This wallet supports SMS and Two-Factor Authentication. It offers a recovery backup key to access your account in the event that you lose your password.
New wallet address are generated after each transaction and you can pair your online wallet with your mobile device. You can also buy and sell bitcoin through your Blockchain.com wallet and see your bitcoin balance in your local fiat currency.
4. StrongCoin
StrongCoin is an open source bitcoin web wallet that focuses on security, transparency, and total control over your bitcoin holding. Strong coin is one of the best bitcoin wallet online, StrongCoin is loved by it’s users and it only stores encrypted keys.
Even if the platform gets hacked, user will still be secure and protected. In addition, you can use the StrongCoin exchange feature to buy and sell bitcoin right from your wallet.
StrongCoin supports Bitcoin and Bitcoin Cash.
In StrongCoin you control your private keys, which means nobody has access to your crypto asset. This wallet offers secure backup protection guarantee to all users. Creating a StrongCoin wallet is easy and navigating the platform is a straightforward process.
5. Green Address
Green Address is an open source bitcoin web wallet that supports bitcoin, and no other altcoins. Green Wallet is one of the best bitcoin wallets, Green Address focuses on providing security for its users. Green Wallet has mobile apps for Android and iOS, Using Green Address for sending and receiving bitcoin with is easy. Due to the additional security features of Green Address, setting it up the can be complex compared to other wallets on this list.
Green address supports Two-Factor Authentication, it also has user controlled backup keys. On Green Address you need wallet signature to move digital assets, minimal user information is stored on the Green Address servers and PIN login is required.
Newer users will find it challenging to setup Green Address. Another disadvantage is that transaction times are slow in Green Address.
It is compatible with multiple web browsers, and you can transfer bitcoin with other Green Address users. It has a QR code that is available for sending and receiving coins.
6. Jaxx Liberty
Jaxx Liberty is a powerful online wallet and one of the best bitcoin wallets. It supports bitcoin and along with multiple altcoins. Jaxx Liberty, was launched in 2014 as Jaxx, and was renamed to Jaxx Liberty in 2018. Jaxx liberty has an Android and iOS version for smart phones, it also has a software version that you can download on your desktop or laptop. Jaxx Liberty now includes a unified dashboard, a portfolio, and an integration with Shapeshift so that you can easily exchange bitcoin and altcoins.
Jaxx liberty supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Dash, zCash, and many altcoins. Jaxx Liberty gives you access to your seed and you can save this. With Jaxx Liberty you own the keys to your crypto assets. This service does not save your keysand never has access to your crypto assets.
Jaxx Liberty is easy to set up, use, and navigate. It provides a Chrome extension for quick access to your wallet.
You can also view real-time market data. It has excellent customer support and it is supported on multiple platforms.
7. Free Wallet
Free Wallet is an online wallet that is available on the Google play Store and the App Store, it is a great option for people who need a simple mobile wallet. Free wallet supports bitcoin and multiple altcoins. Free Wallet is secure and users do not have to worry about any unauthorized access to their crypto assets.
Free Wallet supports Bitcoin, Ethereum, Bitcoin Cash, Dash, Doge, Zcash, Ripple, Monero, Lisk, Tron, Stellar, Neo, Litecoin, and many more altcoins.
Free Wallet has good security, it supports 2FA and fingerprint recognition and multi-signature bitcoin transactions. Though it is not as easy to set up and use as other online wallets on this list.
On Free Wallet, there are free transfers between users, you can purchase Bitcoin, Ethereum, and Litecoin with your credit card. It has great customer support.
8. Counter Wallet
Even though Counter Wallet’s user interface is not as polished as other wallets on this list, it is still a solid online wallet that gets the job done. You can store your bitcoin in CounterWallet and you can also trade any kind of bitcoin related token. This is the best wallet for new users to bitcoin or people looking for a non-technical wallet.
Counter Wallet only supports bitcoin and it also supports multi-signature, cold storage, and private key location. Counter Wallet is open source and has a built-in exchange.
Creating an account and signing into Counter Wallet requires you input a secure passphrase each time.
Hardware Wallets
A Bitcoin hardware wallet is a tamper proof device designed to store private keys of cryptocurrency in an offline setting. Hardware wallets generate the private keys and digital signatures that are needed to spend bitcoins.
You setup hardware wallets the same way you set up any wallet, you need to write down the seed (recovery phrase) of a hardware wallet on a piece of paper and store it in a safe place. Other people prefer making 2 or 3 copies & distributing them. Because your bitcoin keys are offline, there is no possibility of getting hacked, just store them in a secure location.
At the time of writing this, there has been no reported theft or loss of bitcoins from a hardware wallet. Many hardware wallets use security grid cards and others have digital screens with a user interface to verify transactions.
Even if your hardware wallet is damaged you can restore your bitcoins with your recovery phrase.
Note: You can store other cryptocurrencies in hardware wallets as well (ETH, BNB, etc.).
If you are planning to store Bitcoin and other Cryptocurrency for the long term, then hardware wallet are your best option. Most hardware wallets have a waiting period of a month or more.
