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The best bitcoin wallets offer secure storage for all types of crypto investors, accessible user interfaces, mobile access, and more. If you're looking to invest in bitcoin or another cryptocurrency like ether or litecoin, you'll need to pick an exchange (e.g., Coinbase or Kraken) that offers such assets, as well as a "crypto wallet" to store and secure your private key code for accessing your assets.

eToro USA

Account Minimum

$10 (in the USA and UK)

Fees

1% when you buy or sell a crypto asset; 0% stocks and ETFs

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Can trade bitcoin, dogecoin, ethereum, Litecoin, and a dozen other popular virtual assets; stock and ETF trading available
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. eToro's Copy Portfolios let you follow and copy the portfolios of experienced traders to enhance your investment returns
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Several educational resources
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Web and mobile app access

Cons

  • con icon Two crossed lines that form an 'X'. Not available to residents of New York, Minnesota, Nevada, Puerto Rico, Tennessee, Hawaii, Guam, American Samoa, Northern Marianas, and the US Virgin Islands (see a full list of its geographic restrictions here)
  • con icon Two crossed lines that form an 'X'. Limited selection of cryptocurrencies (eToro USA currently offers over 25)

Product Details

  • Promotion: None at this time.
  • Features: Dogecoin and more cryptocurrencies, CopyTrader system, Copy Portfolios, and eToro Trading Academy
  • App store rating: 4.6 iOS/ 4.3 Android

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Best Bitcoin Wallets

We reviewed more than a dozen bitcoin wallets to find the best options for low fees, safe (and secure) storage, cryptocurrency asset choices, and user interfaces.

Exodus

Exodus

Insider’s Rating

A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

4.2/5

Fees

None (Exodus receives 2-5% spread on asset exchanges)

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. More than 150 cryptocurrencies
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Exodus partnership with Trezor creates additional security option for crypto assets
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Desktop and mobile access
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. 24/7 customer service

Cons

  • con icon Two crossed lines that form an 'X'. Not the best option for those who strictly prefer hardware wallets

Product Details

  • Features: Desktop and mobile wallet, Trezor hardware access; Exodus crypto apps, live charts, 150+ crypto assets, and 24/7 support

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Why it stands out: Exodus offers cryptocurrency exchange services for desktop, mobile, and hardware crypto wallets. Exodus' account features also include a multichain web3 wallet, live charts and portfolio data, 24/7 customer support, a built-in exchange, and more than 367 cryptocurrency assets and NFTs.

Exodus supports staking for onotalogy (ONT), oncology gas (ONG), cosmos (ATOM), tezos (XTZ), cardano (ADA), algorand (ALGO), vethor (VTHO), vechain (VET), and solana (SOL). 

You can also buy commission-free cryptocurrencies like bitcoin, solana, and others with USD, EUR, and GBP. You can also manage your assets using Exodus and Trezor, another popular bitcoin wallet. You don't need to use multiple wallets, but some users might prefer having multiple wallets as an additional security measure for their assets. 

Exodus and Trezor's partnership caters to those who prefer hardware security since you'd be able to securely manage your assets offline while simultaneously using the Exodus platform. Exodus typically receives 2-5% on each asset exchange, but the firm generally doesn't charge you any fees to use its software.

What to look out for: Exodus mainly caters to hot wallet (software) users. It may not be suitable for the hardware-minded traders, unless you plan to use a Trezor device with the app. 

BitBox

BitBox

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Insider’s Rating

A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

4.4/5

Account Types

Warm wallet

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum or fees
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. BitBox02 wallet supports more than 1,500 cryptocurrencies
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Bitcoin-only edition of the wallet is compatible with Electrum, Specter, Sparrow, and the BitBoxApp
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Desktop and mobile access

Cons

  • con icon Two crossed lines that form an 'X'. Mobile app is only available for Android users

Product Details

  • Features: Bitcoin-only hardware storage, 1500+ cryptocurrencies, and BitBoxApp.

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Why it stands out: With BitBox's BitBox02 hardware wallet, you can store your crypto private key and manage any assets offline through an external chip. It offers interactive touch features and an OLED screen for transaction details. The wallet supports bitcoin, ether, litecoin, and more than 1,500 other cryptocurrencies. 

But BitBox also provides a bitcoin-only edition. This version could be a great fit for you if you're only looking to store bitcoin. It relies on bitcoin-only firmware and offers compatibility with the BitBoxApp, Electrum, Specter, Sparrow, and Wasabi. 

The BitBoxApp also gives you desktop access. 

What to look out for: If you're a fan of mobile access, you'll only be able to use BitBox on Android devices. 

Electrum

Electrum crypto wallet

Insider’s Rating

A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

4/5

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Exportable private key
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Multisig feature lets you spend between multiple crypto wallets
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Support available for other wallets, including Ledger, Trezor, and Keepkey

Cons

  • con icon Two crossed lines that form an 'X'. No phone customer support
  • con icon Two crossed lines that form an 'X'. Only accepts bitcoin transactions

Product Details

  • Features: Cold storage, add-ons supported, exportable private key; compatible with Ledger, Trezor, and Keepkey.

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Why it stands out: Launched just two years after bitcoin was created, Electrum specializes in private key encryption and two-factor authentication. Like Exodus, Electrum is a hot wallet that gives you online encryption for your crypto information. 

Electrum verifies that all of your bitcoin transactions are in the bitcoin blockchain, and its Multisig feature allows you to spend bitcoin between multiple wallets. Electrum also supports other wallets, including Ledger, Trezor, and Keepkey. 

In addition, Electrum says it offers several interfaces that you can use on mobile, desktop, or with its command line interface. However, with its cold storage offering, you can sign transactions from an offline computer, according to its website.

What to look out for: Electrum doesn't offer traditional phone customer support. However, the company provides helpful information in its documentation and FAQ sections, it offers a Reddit support page, and it allows you to ask questions on bitcointalk.org. Another thing to note is that, while Electrum supports other wallets, it only allows for bitcoin transactions. This may be a downside for those interested in exploring other cryptocurrencies.

OPOLO

OPOLO crypto wallet

Insider’s Rating

A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

4.5/5

Account Types

Cold wallet

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No fees to set up or use wallet
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. More than 120 cryptocurrencies
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. USB encryption, genuine device check, and anti-theft protection
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Support for more than 280,260 tokens

Cons

  • con icon Two crossed lines that form an 'X'. OPOLO app only available for Android users

Product Details

  • Features: Company-made hardware wallet, anti-theft protection, USB encryption, genuine device check, and hundreds of cryptocurrencies

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Why it stands out: Based in Luxembourg, OPOLO provides its own free and encrypted hardware wallets that utilize EAL 6+ rated secure chips (EAL certifications are security certifications used for hardware wallets). This means you'll be able to store any crypto assets offline. OPOLO also says it offers genuine device checks, USB encryption, anti-theft protection, PCB encapsulation, randomized keyboard access, and virus-free usage.

You can set up bitcoin wallets, Ethereum wallets, or take advantage of more than 120 other coins. As for tokens, OPOLO currently offers more than 200,000. And thanks to the company's security measures, its bitcoin hardware wallet allows you to backup and recover any assets.

OPOLO's mobile app is only available on Android devices, but the wallet is also available on Mac, Windows, and Linux for users with desktops or laptops. 

What to look out for: Keep in mind that the OPOLO mobile app is best for Android users. If you don't have an Android phone, you can still download the OPOLO hard wallet on your desktop or laptop. With Android app, however, you'll be able to exchange cryptocurrencies from your phone. 

Mycelium crypto wallet

Mycelium crypto wallet

Insider’s Rating

A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

4/5

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No fees to use wallet
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Spending and savings accounts available; inter-wallet operability
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Platform compatible with Trezor, Ledger, and KeepKey hardware wallets
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. In-app exchange and trading available

Cons

  • con icon Two crossed lines that form an 'X'. Only offers email customer support

Product Details

  • Features: Bitcoin with advanced storage, spending and savings accounts; in-app exchange and trading, educational materials, and inter-wallet operability

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Why it stands out: Mycelium is another popular bitcoin wallet that offers a wide range of storage services. Among these are advanced cold storage, spending, and savings accounts for bitcoin investors, and inter-wallet operability. The Foundation for Interwallet Operability (FIO) created inter-wallet operability to make it easier for crypto holders to send or receive coins across different blockchains or wallets). It supports more than 20 tokens. 

In addition, you can download Mycelium for free, and the company's wallets allow for open-source, incognito use. Mycelium's wallets are also reproducible, and the platform is compatible with Trezor, Ledger, and KeepKey hardware wallets. 

Though Mycelium is mainly a bitcoin-focused wallet, it also supports ether and other ERC-20 tokens. Additional features include in-app exchange, trading, and educational resources. 

What to look out for: Mycelium's customer support is primarily available through email.

Cobo

Cobo crypto wallet

Insider’s Rating

A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

4.3/5

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum or account fees
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Can make free instant transfers with other Cobo users
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Supports more than 60 coins and 1600 tokens
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Wallet features include multi-factor authentication, hot-cold storage, and multi-signature storage

Cons

  • con icon Two crossed lines that form an 'X'. Not the best option for those who prefer hardware storage
  • con icon Two crossed lines that form an 'X'. Limited customer support

Product Details

  • Features: Online storage for iOS and Android users, ability to make free instant transfers with other Cobo users, and multi-factor authentication.

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Why it stands out: Though it formerly offered hardware wallets through Cobo Vault, Cobo transitioned to provide a digital Cloud wallet for its users. The app offers support for more than 70 blockchains and more than 1,800 tokens, and both iOS and Android users can take advantage of these perks.

Cobo also offers features like multi-factor authentication, hot-cold storage, and multi-signature storage for private keys. And institutions can utilize its Cobo Custody crypto services.

What to look out for: Cobo isn't the best choice if you're solely in search of hardware crypto storage. 

Wasabi

Best for software storage

Wasabi crypto wallet

Insider’s Rating

A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

4.3/5

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimums or fees
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Open-source, non-custodial storage
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Trustless CoinJoin transactions allow you to merge coins with other users to prevent hacks
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Supports Mac, Windows, and Linux

Cons

  • con icon Two crossed lines that form an 'X'. No mobile app

Product Details

  • Features: Open-source, non-custodial storage; CoinJoin transactions, desktop access for Mac, Windows, and Linux.

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Why it stands out: Available on Mac, Windows, Ubuntu, and Linux desktop devices, Wasabi is a free hot wallet that offers open-source, non-custodial storage for bitcoin investors. Wasabi also offers trustless CoinJoin transactions that allow you to merge your coins with other users in one transaction to prevent third parties or hackers from tracing where each coin came from, according to its website.

This feature doesn't compromise you coins' security, though. Neither you nor the other users will be able to trace where each coin came from. Wasabi says this eliminates the risk of stolen funds because — unlike regular transactions where there's one sender and one receiver — it's more difficult for outside parties to trace.

What to look out for: Wasabi is available on multiple desktop devices, but you won't be able to access it on iOS or Android mobile phones.

Best Crypto Wallet for Bitcoin-Only Investors

VIDEO: Best Crypto Wallets 2023 (Complete Guide)
Jesse Eckel

CoinKite

Best for bitcoin-only investors

CoinKite Crypto Wallet

Insider’s Rating

A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

4.5/5

Fees

$129.97 one-time fee for Coldcard wallet

Account Types

Cold wallet

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Bitcoin-only coldcard wallet signs transactions to keep private key safe
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Wallet is compatible with several other wallets

Cons

  • con icon Two crossed lines that form an 'X'. Not the best choice for those primarily in search of online storage

Product Details

  • Features: Bitcoin-only coldcard wallet; compatibility with various crypto wallets.

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Why it stands out: CoinKite makes several crypto hardware wallets that offer external security for crypto investors, but its bitcoin-only coldcard wallet could be particularly suitable for bitcoin-focused traders. It signs your crypto transactions to keep your private key offline.

The wallet — which is available as a specialized chip and numeric keypad — is also compatible with the following crypto wallets: Bitcoin Core, Electrum, BTCPay, Specter-Desktop, Wasabi, Fully Noded, Unchained Capital, Casa, BlueWallet, Coldcore, Sparrow, and more.

CoinKite's other offerings include Opendime, BlockClock Mini, Seedplate, Coldpower, Coinkite terminal, and Bitcoin server (you can find its complete list of products here).

What to look out for: Keep in mind that the cold card wallet is an external, offline crypto storage device. If you're looking for online storage, you'll need to consider other options.

Best Bitcoin Wallets Frequently Asked Questions (FAQs)

The best bitcoin wallet for you depends on your personal preferences, the kind of investor you are, what assets you want to invest in, and the kind of device you have. The best overall bitcoin wallet is Exodus.

Some bitcoin wallets can convert cryptocurrencies to cash. The most popular bitcoin wallet that can convert to cash is Coinbase's wallet. Coinbase easily allows investors to convert crypto to cash both through a browser or mobile. 

Bitcoin and crypto wallets are essentially online — and sometimes offline — storage platforms that provide encryption for your private key and give you custody over your cryptocurrency assets. When you first purchase crypto, you receive both a public key and a private key. Cold wallets are crypto platforms that offer offline storage, and hot wallets are platforms that provide online storage. 

Bitcoin wallets are worth it if the cryptocurrency exchange or investment platform doesn't offer in-built storage. Crypto wallets were created to protect your private key and crypto assets against security breaches. While most wallets give you complete custody over your assets, not all cryptocurrency exchanges and investment platforms do (and custody doesn't always guarantee complete security).

You don't necessarily have to set up your own bitcoin wallet to store your assets. Some crypto exchanges — like Coinbase and CEX.IO — offer their own wallets to users. The difference between these platforms, though, and the bitcoin wallets mentioned above, is mainly one of security and custody. If you'd prefer to have complete custody or control over your money, you'll probably need a non-custodial bitcoin wallet. 

Guarda is a free, non-custodial crypto wallet that supports 400,000+ digital assets (including bitcoin and ether) and 14 stakeable crypto assets. 

How a Bitcoin Wallet Works

VIDEO: Best Cryptocurrency Wallets of 2023 (in 2 minutes)
99Bitcoins

Cryptocurrencies like bitcoin have been around for more than a decade, but in the past few years, they've moved beyond a niche investment to the mainstream. Companies such as Microsoft, Amazon, Starbucks, Whole Foods, Paypal, and countless others now accept bitcoin and other digital currencies as forms of payment.

Some of the best investment apps also offer cryptocurrency trading and market access to the crypto market. Many of the best cryptocurrency exchanges offer an internal crypto wallet to store your digital assets, including bitcoin. But if the platform you're using doesn't provide secure storage, or you prefer to keep your crypto separate, you can open an external wallet. 

If you're interested in securing your cryptocurrencies with a bitcoin wallet, you'll first need to create an account with your desired platform. Most non-custodial wallets (wallets that you hold complete custody over) offer downloadable software that you can use to secure your private key and crypto assets.

However, if you're using a hardware wallet, you'll likely need a USB cable to connect to your platform's external storage chip. Once you've created your account, connected the necessary devices or downloaded any required software, you'll be able to transfer over any existing crypto assets.

Why You Should Trust Us: How We Reviewed The Best Bitcoin Wallets

Personal Finance Insider rating methodology for investing platforms is based on several factors, including customer support access, bitcoin features, wallet custody, educational resources, and wallet compatibility. Some crypto wallets are compatible with other storage platforms. For instance, Mycelium currently supports Trezor, Ledger, and KeepKey hardware wallets. 

Other Bitcoin and Crypto Wallets We Considered

VIDEO: Top 6 Best Ways To Store Your CRYPTO!! How To Stay Safe!!
Coin Bureau
  • Coinbase Wallet: Coinbase Wallet is a self-custody wallet through the popular cryptocurrency exchange Coinbase. It stores and manages thousands of crypto, NFTs, and multiple wallets. The wallet also allows you to access the decentralized web. Coinbase wallet earns yield, uses DeFi liquidity pool to supply/borrow crypto, and more. 
  • Crypto.com DeFi wallet: A non-custodial wallet that earns rebates on over 25 tokens, as well as provides you access to popular DApps. Crypto.com DeFi wallet also allows you to deposit view, share, and deposit NFTs across multiple blockchains. Another feature is that you can swap more then 1000 tokens over multiple blockchains, such as Ethereum, Cosmos, Cronos, etc. 
  • Ledger: Ledger is a popular hardware wallet that launched in 2014. The company offers two different types of Ledger wallets — Ledger Nano S Plus and Ledger Nano X — and a software, Ledger Live, that lets you set up any devices, trade and manage crypto, and access all of Ledger's services in one place. But be prepared to pay a fee for each hardware chip.
  • Metamask: Metamask is available both on mobile devices and as a browser extension. The company offers private key storage, a secure login, a token wallet, and a token exchange that allows you to buy, send, or swap tokens. However, Metamask mainly supports ether (ETH) and ERC tokens; you can add bitcoin to the wallet if you swap it with an ERC 20 token. 
  • Trezor: Trezor is considered a cold wallet since it primarily offers offline storage through an external USB-like device. As with Ledger, Trezor offers two storage options: Trezor One and Trezor Model T. Both options offer bitcoin-only firmware and well over 1,000 cryptocurrencies. However, some of Trezor's advanced products can be pricey.
  • Trust Wallet: Unlike the other wallets mentioned above, Trust is solely for mobile storage. If you've got a smartphone, you can download the wallet on iOS or Android devices. While Trust lets you store, purchase and exchange crypto, it also allows you to earn up to 11% APR through crypto staking. But the wallet may not be the best choice for desktop-minded users.
  • Blockchain: Blockchain is a hot wallet that offers online encryption and gives you complete custody over your crypto assets. The wallet also provides a Blockchain data API, crypto data charts, interest-bearing accounts, and real-time crypto prices. You can hold or exchange bitcoin, ether, and others, but the company's total number of tradeable assets is limited. 
  • Edge: Edge allows client-side encryption, meaning your data and information are completely encrypted on your end, and Edge doesn't have access to any of it, according to its website. Along with the fact that it lets you buy, store, or trade bitcoin, ether, and other coins, Edge says it relies on a zero-knowledge security architecture. The company doesn't ask for your email, phone number, or other personal info when creating an account. Similar to Trust, Edge is primarily for mobile users.
Rickie Houston

Senior Wealth-Building Reporter

Rickie Houston was a senior wealth-building reporter for Business Insider, tasked with covering brokerage products, investment apps, online advisor services, cryptocurrency exchanges, and other wealth-building financial products. Before Insider, Rickie worked as a personal finance writer at SmartAsset, focusing on retirement, investing, taxes, and banking topics. He's contributed to stories published in the Boston Globe, and his work has also been featured in Yahoo News. He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service.

Elias Shaya

Jr Compliance Associate

Elias Shaya is a junior compliance associate on the Personal Finance Insider team based in New York City. Personal Finance Insider is Insider's personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that readers already know and love. The compliance team's mission is to provide readers with stories that are fact-checked and current, so they can make informed financial decisions. The team also works to minimize risk for partners by making sure language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Elias is the point person for the loans sub-vertical and works with the editorial team to ensure that all rates and information for personal and student loans are up to date and accurate. He joined Insider in February 2022 as a fellow on the compliance team. Elias has a Bachelor of Science in International Business from the CUNY College of Staten Island. Prior to joining Insider, he volunteered at the New York Presbyterian Hospital, where he worked with the biomedical engineering department. In his spare time, Elias enjoys exploring new restaurants, traveling to visit his family in Lebanon, and spending time with friends.

Tessa Campbell

Junior Investing Reporter

Tessa Campbell is a Junior Investing Reporter for Personal Finance Insider. She reports on investing-related topics like cryptocurrency, the stock market, and retirement savings accounts. She originally joined the PFI team as a Personal Finance Reviews Fellow in 2022. Her love of books, research, crochet, and coffee enriches her day-to-day life. 

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