Bitcoin wallet review 2019: The best hardware, software, desktop and mobile wallets for BTC

The storage of Bitcoins is a very important topic and should not be taken lightly. There are countless stories of hackers stealing millions of dollars worth of Bitcoins. This makes it all the more important to have a safe and easy to use Bitcoin wallet. However, the concept of different wallet types can be difficult to understand and challenging. That’s why we will present you this complex topic in a simple and understandable way. In principle, there are two different types of Bitcoin wallets:

  • Cold wallets (also called hardware wallets)
  • Hot Wallets

In contrast to cold wallets, hot wallets are connected to the Internet. This has the advantage that the wallet is very quickly available for everyday use. However, due to the connection to the Internet, they offer significantly weaker security than cold wallets.

Hot wallets can also be further differentiated into web, desktop and online wallets. Each type offers certain advantages and disadvantages, as well as a different safety standard. In this article we introduce you to the best Bitcoin wallets for 2019 from the following categories and show you the respective advantages and disadvantages of each wallet:

  1. Bitcoin hardware wallet
  2. Bitcoin desktop wallets
  3. Bitcoin online wallets
  4. Bitcoin mobile wallets
  5. Bitcoin paper wallet / offline wallets

If you want to buy Bitcoin, we recommend you to read our guide, which will show you where you can buy Bitcoin easily and securely (click here!). At the latest after the purchase of Bitcoin you need a wallet to protect your Bitcoins from theft by hackers.

If you deposit BTC on a cryptocurrency exchange, you are handing over the responsibility for managing the private key to your exchange. However, the private key reflects the ownership for your Bitcoin. We therefore recommend that you do not delegate this responsibility to an exchange, but that you ensure that the Bitcoins are stored securely yourself.

As mentioned at the beginning, each type of wallet offers different levels of protection. Furthermore the Bitcoin wallets differ in price. While hardware wallets have a certain price, the other types of wallets are generally free of charge (at least in the basic version). Since hardware wallets offer the best possible protection for the storage of your Bitcoin, we start with this type of Bitcoin wallets. Below we show you the best Bitcoin hardware wallets which are manufactured by renowned companies and which we have been using reliably for several years.

Bitcoin hardware wallets

Hardware wallet test 2019

Compared to software or desktop wallets, hardware wallets have a decisive advantage: Your private key never comes into contact with your PC or the Internet. This makes your hardware wallet very effectively protected against phishing attacks and other hacker attacks. In addition, you must physically confirm each transaction on your hardware wallet so that theft is (almost) impossible.

You can also protect your hardware wallet physically with a PIN code and a password. Furthermore, the newer hardware wallets also have the option of setting up 2-factor authentication. A code will be sent to you via an app, which changes every 30 seconds and must be re-entered every time you log in to unlock the device.

All these security features make hardware wallets the most secure Bitcoin wallets on the market. Especially if you’re investing large amounts in Bitcoin, you shouldn’t save on buying a hardware wallet. Compared to the capital you own in Bitcoin, the prices for a hardware wallet is very low from our point of view. In the following box you can see the advantages and disadvantages of hardware wallets:

The advantages of Bitcoin hardware wallets:
✅ The Private Keys are stored offline and do not come into contact with the Internet
✅ Highest safety standard
✅ More cryptocurrencies than just Bitcoin are often supported.
✅ The manufacturers of Bitcoin hardware wallets deliver regular updates.
✅ Each transaction must be confirmed manually.
✅ The user interface is often very simple and intuitive.
✅ If you have any questions, you can contact the customer support of the respective manufacturer.
Bitcoin hardware wallets have these disadvantages:
❌ No deposit insurance, as offered by some brokers, such as eToro
❌ Storage of the coins is your own responsibility. However, this can also be an advantage!

We have tested a total of 8 different BTC hardware wallets and will show you which wallet is the safest and has the best features. The following table shows the best three hardware wallets from our hardware wallet comparison test.

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X Test

The Ledger Nano X is the successor to the Ledger Nano S, Ledger’s long-standing success model. Compared to its predecessor, the Nano X can shine with some new features that make it our test winner and absolute favorite among the hardware wallets. Due to its Bluetooth function, the Nano X can be used as a mobile wallet and offers the same security. All you need to do is install the Ledger Live App on your smartphone and establish a connection between the hardware wallet and the smartphone. Furthermore, the Nano X can manage up to 100 cryptocurrencies simultaneously.

Supported cryptocurrencies
With the Legder Nano X you can manage more than 1,100 different cryptocurrencies. There is hardly a cryptocurrency from the top 100 cryptocurrencies by market capitalization that cannot be managed with the Nano X. Due to the larger memory compared to the Nano S, up to 100 apps can be installed on the device at the same time instead of 5 apps and thus up to 100 cryptocurrencies can be managed simultaneously.
Operation
Operation of the Ledger Nano X is very simple and intuitive. The same as the predecessor model, it is operated via 2 buttons on the upper side. You will also need the Ledger Live App, which is very easy to install and use. With the app you can check your account balance in real time and the performance of your portfolio, as well as send and receive cryptocurrencies.
Transparency & Fees
Ledger applications are open source software, so they are publicly available. Ledger says it chose this architecture because it is not possible to reach the level of physical security with generic chips.

The fees incurred for a transaction by Bitcoin or Ethereum are transparent or can be adjusted and correspond to the network fees. Ledger itself does not charge any fees (per transaction).

Security
Ledger’s security standards are industry-leading. Ledger has become a brand not only appreciated by private investors, but also used and supported by numerous companies. The French company has established cooperations with Neufund, blockchain.com and Switcheo. Samsung also announced a 2.6 million investment in the French company in April 2019.

Also the Bluetooth function is, as many might think at first, not a security gap. Only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. In addition, a physical keystroke on the Nano X ledger is always required to confirm transactions.

2.Ledger Nano S

The Ledger Nano S is the predecessor of the Nano X, which has been sold over 1.3 million times worldwide. Despite the release of the Nano X, the Nano S still has a right to exist. It is still one of the most secure hardware wallets on the market. It can also be purchased at a very good price of around 59 euros. This makes it a very good choice especially for beginners who don’t want to manage many cryptocurrencies.

Supported cryptocurrencies
As with the Legder Nano X, over 1,100 different cryptocurrencies can be managed via the Ledger Nano S using the Ledger Live Software. Due to the smaller memory, however, only 5 apps can be installed on the device at a time, so users must always install and uninstall the apps to manage more than 5 cryptocurrencies (the data / account balances are not deleted!).
Operation
The operation of the Ledger Nano S is also very simple and intuitive. Operation is via 2 buttons on the device. Additionally you need the Ledger Live App. Both models use the same Ledger Live software. You can check your account balance in real time and the performance of your portfolio, as well as send and receive cryptocurrencies.
Transparency & Fees
The Ledger Live Software is open source software whose source code is publicly available. However, the operating system of the ledger devices is (still) a secret, which, according to Ledger, will only be revealed in the future.

The fees for a transaction are transparent, can be set and correspond to the network fees of the respective blockchain. Ledger itself does not charge any fees (per transaction).

Security
Ledger’s security technologies are industry-leading. The technologies are not only used by Ledger hardware wallets, but also by companies to securely store cryptocurrencies.
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3.Trezor Model T

The Trezor Model T is the direct competitor to the Nano X and is twice as expensive as its predecessor, the Trezor One. However, it has a much larger range of functions and a touch screen. It is also possible to activate 2-factor authentication, which significantly increases protection. Compared to the Trezor One it is the premium version.

Supported cryptocurrencies
The Trezor Model T can manage more than 1,000 different cryptocurrencies. However, not all coins can be sent and received directly with the Trezor Bridge software. These are currently “only” 51 cryptocurrencies (although the number is expected to increase steadily). The remainder must be managed via third-party software, e.g. MyEtherWallet. You can find a complete list of all supported coins under this link
Operation
The Trezor Model T is much higher quality than its predecessor. The buttons have a better grip and the colored touch display works perfectly. In addition, the new Trezor Bridge software offers numerous helpful functions.
Transparency & Fees
The Trezor software and hardware is largely open source and publicly available on GitHub. The transaction fees are also transparent. Before each transaction, you can determine how high the transaction fee should be, depending on how fast your transaction is to be processed in the network. There are no fees for the use of the Trezor software, only the network fees of the respective blockchain.
Security
Besides Ledger, Trezor is the best known and most popular manufacturer of hardware wallets. There is a good reason for this. Trezor has many years of development experience, which is why Trezor hardware wallets are considered very secure.

4.Trezor One

The Trezor One (formerly only TREZOR) is probably the best known on the market because it was also the first hardware wallet. The wallet was first published in 2014 by SatoshiLabs, a company based in the Czech Republic. SatoshiLabs claims that its hardware wallet is the most trusted and secure way to store your Bitcoins. More than a million Trezor One buyers have already believed this promise.

Supported cryptocurrencies
In total, Trezor One can manage over 1,000 different cryptocurrencies. However, this only works through the use of third-party software, such as Electrum, bitwala, and MyEtherWallet. You can send and receive the following cryptocurrencies directly with the Trezor software: Bitcoin, Ethereum, Litecoin, Dogecoin, ZCash, DASH, Namecoin, Bitcoin Cash, Ethereum Classic, Bitcoin Gold, Ubiq, NEM, Expanse and all ERC20 tokens.
Operation
The Trezor One is very easy to use, even for beginners, because the user interface is very clear. In addition, the explanations on the user interface support the user to expand their own knowledge.
Transparency & Fees
Most of Trezor’s hardware and software is publicly available on GitHub. The transaction fees are just as transparent. Before you make a transaction, you can determine how much the transaction fee should be, depending on how fast your transaction is to be processed on the network. In addition, there are no additional fees for using the Trezor software.
Security
Ledger and Trezor are the best known manufacturers of hardware wallets. This is certainly also due to the fact that they have the longest experience in developing hardware wallets. Accordingly, the Bitcoin hardware wallets of both companies are considered to be very secure.

5.Opendime Bitcoin Wallet

The Opendime Bitcoin Wallet is a USB stick that can be passed from hand to hand and can transport large quantities of Bitcoin. It is not necessary to send transactions through the blockchain, as the owner of the stick has immediate access to all BTCs. In this respect, the Opendime Bitcoin wallet follows a different approach than “regular” hardware wallets. This is the reason why the purchase can be useful if you want to pass on Bitcoin beyond the blockchain.

Supported cryptocurrencies
As the name suggests, the Opendime Bitcoin wallet can only be used to send and receive Bitcoin (BTC).
Operation
The user interface of the Opendime wallet is very simple and clearly arranged. The mini software of the device works without errors, but the setup is very easy to do with the help of the manual.
Transparency & Fees
The Opendime software is freely available on GitHub. It also offers great transparency, with the manufacturer clearly explaining what the Opendime Bitcoin wallet is suitable for – transporting BTC beyond the blockchain and not as a permanent memory for Bitcoin. Apart from the network fees there are no further costs for the use of the Opendime wallet.
Security
The security level for the Opendime Bitcoin wallet is rather low. There is no PIN and no password. Also, there is no Recovery Seed to recover your account if the stick is lost or stolen. In our opinion, Bitcoin should therefore not be permanently stored on the Opendime wallet. The Opendime wallet should only be considered as a transport medium.

6.Digital Bitbox

The Digital BitBox is a very inexpensive Bitcoin hardware wallet that works with a micro SD card and provides 2-factor authentication. The device is a minimalistic Bitcoin hardware wallet, which generates a wallet (bip32) by the integrated microcontroller. The onboard slot for a Micro SD card allows you to create an offline backup for recovery.

Supported cryptocurrencies
At the moment the Bitbox 01 supports: Bitcoin, Ethereum, Litecoin and all ERC20 tokens using a third-party app (e.g. the MyEtherWallet).
Operation
Operation is simple when it comes to basic functions such as “sending” and “receiving” bitcoins. The confirmation via the touch button on the device itself also works very reliably.
Transparency & Fees
The Digital Bitbox software is also open source software. There are no fees for using the Opendime Bitcoin wallet.
Security
Since the Digital Bitbox itself has no display, the transaction must be verified on the screen of your computer or PC. This allows the user to determine whether a transaction has been manipulated or whether another transaction is being verified.

We’ll sum up the most important information for you:

Summary
Bitcoin hardware wallets provide the best possible protection for your Bitcoins and effectively protect your Private Key from hacker and phishing attacks. Currently there is no stronger protection on the market to secure your cryptocurrencies. Remember that your money is well invested at this point and a hardware wallet is worth every penny of its purchase price. Therefore think about buying a hardware wallet in any case.

Bitcoin Desktop wallets review

Desktop wallets are programs that are installed on your computer. Desktop wallets differ in two ways: Multi-Coin-Wallets, which can manage many different cryptocurrencies, and specific wallets, which can send and receive only one cryptocurrency (here: Bitcoin). Specific wallets usually require a complete download of the blockchain data in order to function. An example of this is the Bitcoin Core wallet.

Desktop wallets are from our point of view the top recommendation if you are looking for a free wallet for Bitcoin. To help you keep track, we present the best Bitcoin Desktop wallets in 2019 on the market. For our favorite – the Electrum wallet – we will also show you a guide in which we explain all the functions of the wallet in detail. But first we compare the advantages and disadvantages of Bitcoin Desktop wallets:

The advantages of Bitcoin Desktop Wallets:
✅ The Private Key can be downloaded and managed by yourself
✅ The basic version can be used free of charge.
✅ The operators of Bitcoin Desktop wallets deliver regular updates
✅ Each transaction must be confirmed manually.
✅ High safety standards
Bitcoin hardware wallets have these disadvantages:
❌ Lower security standard than hardware wallets
❌ Vulnerable to phishing and hacker attacks
❌ For some providers, it is necessary to check exactly who programmed the wallet to protect themselves from SCAMS.

Below you will find our top recommendations for your Bitcoin Desktop Wallet:

  1. Electrum
  2. Guarda
  3. Atomic Wallet
  4. Jaxx Liberty
  5. Bitcoin Core
  6. Coinomi
  7. Armory

1.Bitcoin Desktop wallet winner: Electrum Wallet

Electrum Desktop Wallet

Our Bitcoin Desktop wallet test winner is the Electrum wallet. The wallet was launched on the market in 2013 and has been continuously improved since then. It provides 2-factor authentication that greatly increases the security of your wallet. The Electrum BTC wallet has proven itself over the years. There are still no documented hacks where Bitcoin could be stolen.

For some users it is important that the Electrum wallet can be used with “Tor”. The IP address of the user is hidden by external servers. The Electrum wallet thus creates an additional level of privacy that many other desktop wallets do not offer. We are completely satisfied with the safety, functionality and user interface and can therefore warmly recommend the wallet. In our opinion, the Electrum Desktop wallet is an excellent Bitcoin storage solution for users looking for a combination of convenience and security.

Learn in our Electrum wallet test (click here!) how to set up and use the wallet correctly. You can also download the software from the official website. Click on the following link where you can download the wallet’s software directly.

Supported cryptocurrencies
The Electrum-Wallet only supports the administration of Bitcoin! Unlike many other wallet manufacturers, Electrum has stuck to its roots. It focuses exclusively on Bitcoin to offer a highly secure Bitcoin wallet.
Operation
The Electrum wallet is very simple and easy to use. A particular advantage of the wallet is that it enables the use of hardware wallets. This means that you can connect and use your Electrum wallet with the Ledger and Trezor hardware wallets for example.

Unfortunately, the Electrum wallet can only be used for storage and not for trading Bitcoin. Users cannot buy, sell or trade Bitcoin through the wallet.

Transparency & Fees
The Electrum Bitcoin wallet is free! The Open-Source-Wallet is published under the MIT-License.
Security
The Electrum wallet has an excellent reputation in the industry as the security and privacy of users is taken very seriously. Both are very important aspects of the Electrum wallet, on which the developers have given high priority.

The users remain completely anonymous. No personal data is required to download the Electrum wallet. The Private Keys will only be stored on the user’s computer or mobile device and will not be made available to Electrum or any other third party. The Electrum wallet can also be operated with the TOR Browser. This will obscure your IP address and effectively increase security.

2.Bitcoin Guarda Desktop- and mobile Wallet

Guarda Bitcoin Desktop and mobile Wallet

The Guarda Wallet is also a multi-join wallet that supports more than 50 cryptocurrencies in addition to Bitcoin. The Guarda Wallet is available as a desktop or mobile version and as a browser extension. Depending on your device and security, you can choose the wallet that suits you best. The Bitcoin desktop and mobile wallet offer you the greatest security.

Your private keys are stored on your PC or smartphone, so only you have access to them. Setting up your account for the first time and installing it is child’s play, so the wallet is perfect for beginners. The wallet interface is clearly laid out and intuitive, so even newcomers will find it easy to use.

You can download the wallet on the official website.

Supported cryptocurrencies
The wallet supports more than 50 different cryptocurrencies. These include prominent coins such as Bitcoin, Ethereum, Litecoin, Monero and many more..
Operation
The download is free and the wallet is set up quickly and easily. The wallet interface is clear and intuitive, so that even beginners can use the wallet..
Transparency & Fees
The download as well as the use is completely free of charge. There are no further fees. Only the normal network fees of the Bitcoin Blockchain apply for sending transactions.
Security
The wallet offers a very good protection. Your private keys are stored on your computer or smartphone. It is not yet possible to set up 2-factor authentication, so be sure to use an up-to-date virus program.

3.Atomic wallet review

Atomic Wallet

The Atomic wallet is a Bitcoin desktop wallet that places great emphasis on security, anonymity and decentralization. The private keys and transaction data are only stored on your own device. The wallet is relatively popular and was only founded in 2017 by Konstantin Gladych, CEO and co-founder of the popular Changelly.com crypto exchange platform.

The wallet gets its name from the central feature of Atomic Swaps, which allows cryptocurrencies to be exchanged within the wallet peer-to-peer without the need for an exchange (which charges extra for the trade). For coins that do not yet support Atomic swaps, there is the option to use the built-in services of Changelly or ShapeShift to perform trades.

We personally have had very good experiences with the Atomic wallet over the past two years, which can manage over 300 additional cryptocurrencies in addition to Bitcoin. The wallet is available as desktop version for Windows, Mac, Ubuntu, Debian and Fedora. There is also a mobile version for iOS and Android in the respective App Store.

From our point of view, the Atomic wallet is particularly suitable for beginners who are looking for a wallet with which several cryptocurrencies can be managed. Therefore it is also our Top 2 recommendation. You can download the wallet under this link.

Supported cryptocurrencies
Currently, the Atomic wallet supports over 300 cryptocurrencies, including the most popular cryptocurrencies and all ERC-20 tokens.
Operation
The operation and installation is very simple and intuitive even for absolute beginners.
Transparency & Fees
The Atomic wallet is a community-based product that uses open source libraries, block explorers and other important elements. However, in order to ensure the security of the wallet, some of the developments will be kept secret.

There are no fees when using the Atomic wallet, except of course the network fees within the blockchain. However, the Atomic wallet offers some additional services where fees apply. For example, in-wallet peer-to-peer transactions are subject to different fees (network fees). However, the fees for Atomic swaps are minimal and are carried out at normal market conditions.

Security
The Atomic wallet offers high security. As a decentralized solution, the wallet does not request any personal data from its users. In addition, all data is transmitted in encrypted form. Furthermore, the Atomic wallet gives its users full control over the Private Key. In addition, each user can create a backup phrase to restore the wallet.

4.Jaxx Bitcoin Desktop wallet test

Jaxx Liberty Wallet

The Jaxx Liberty wallet is one of the best multi-join desktop wallets on the market. The operation is very simple and the wallet supports more than 80 different cryptocurrencies (besides Bitcoin). You can also use the wallet via your mobile phone or web browser. It is available for both Android, iOS and Google Chrome. There are also desktop versions for Mac and Windows that are very easy and quick to download and use.

One reason for the popularity of the wallet is that it is developed by the company of Anthony Di Iorio, a co-founder of Ethereum. There are, however, several other reasons why the wallet enjoys a good reputation in the crypto industry.

The safety of the Jaxx Liberty wallet is very good. Furthermore, the developers do not have access to your “private keys”. Only you have access to your private key. In addition, the Jaxx wallet offers a quick and easy way to create a backup. The support team, which is available around the clock, is also particularly praiseworthy.

This link will take you to the official website where you can download the Jaxx Liberty wallet.

Supported cryptocurrencies
More than 80 cryptocurrencies: Bitcoin, Ethereum, BCH, Litecoin, Dash, ETC, Zcash, Dogecoin, RBTC, DigiByte, GRS, Binance Coin, Huobi, Fuel, OmiseGo Flixxo, Insureum, MCO, NEO, FirstBlood, Augur, Bitcore, Golem, Status, DigixDAO, Dentacoin, Bancor, Monaco, TenX, WAX, Iconomi, Civic, Polymath, Santiment, Gnosis, Aragon, Link, DomRaider, Loom, Enjin Coin, Bankex, BOXX, Tokencard, iExec, RLC, Maecenas, Matchpoo,l Melonport, Metronome, Mithril, Aion, MobileGO, Ox, Edgeless, Po.et, SONM, Wings, Shivom, Helbiz, Presearch, Bitclave, Creditbit, Paypie, MCI, Brickblock, Blockmason, RCN, SWT, Ucash, Unikoin, Cofoundit, LIF, DPP, Basic Attention, Scanetchain, Sense, SHIP, Storj, Stox Viberate, Worldcore, Zap, Storm
Operation
The installation and operation is very easy even for beginners! The user interface also offers some nice features, like current news, market data and a multi-chain block explorer.
Transparency & Fees
There are no separate transaction fees for the Jaxx Liberty wallet. No other fees are charged for the use of the wallet.
Security
The security of the Jaxx Liberty wallet is very good. Neither the developers, nor a third party has access to your “Private Keys”. In fact, these are not stored on the wallet, but on the device you are using for access. Users of the wallet can also create a backup phrase. If the PC or Smartphone is broken or lost, the Jaxx wallet can be restored via this backup.

5.Bitcoin Core Desktop wallet test

The Bitcoin Core wallet should not be missing in any list. It was the very first Bitcoin wallet on the market and the only way for Bitcoin investors of the first hour to manage, send and receive Bitcoins. It is a collaborative project that was created under the MIT license and is therefore usable for everyone. The complete source code is open source and can therefore be checked and viewed by anyone.

This desktop wallet downloads the complete Bitcoin blockchain and connects as a full node to the Bitcoin network, taking up a lot of space on your hard drive. You should have at least 200 GB free for everything to work properly. If required, you can also provide your own bandwidth for the network to support the Bitcoin network.

Ultimately, the Bitcoin Core wallet is definitely not suitable for beginners, as the high memory requirements and the constantly running synchronization represent a major hurdle. Users who want to operate a full node are very well served with the Bitcoin Core wallet. Nevertheless, it can have its charm to use the “original” Bitcoin wallet. In addition, it also offers an outstanding safety standard.

The wallet is available for: Windows, Mac OS X, Linux, ARM Linux and Linux Snap Store. Click here to download the wallet.

Supported cryptocurrencies
Logically only Bitcoin is supported!
Operation
The high memory requirements and the synchronization make the use of the Bitcoin Core wallet difficult. Beginners and everyday users should therefore rather choose other desktop wallets.
Transparency & Fees
The BTC Core wallet was created under the MIT license. In addition, the complete source code is open source and can therefore be checked by anyone. Apart from the usual BTC network fees there are no further costs.
Security
The security standard of the Bitcoin Core wallet is very high, because it is the reference implementation, where you will rather find few bugs in the software code. In addition to Bitcoin updates, updates for the wallet are also published regularly and simultaneously, so that users are protected by the best standard.

6.Coinomi Desktop wallet review

The Coinomi wallet is a Multi-Coin-Wallet that offers, besides Bitcoin, more than 275 cryptocurrencies for administration! The wallet was launched in 2014 and is the oldest multi-join wallet with millions of active users.

In addition to the large number of coins, the Coinomi Bitcoin wallet scores particularly well in the area of privacy. Most people who own cryptocurrency attach great importance to their privacy. This is where Coinomi has his strength. The wallet does not collect any personal data and encrypts the IP address of its users.

The wallet can be run on your desktop as well as on your smartphone. The wallet does not currently offer 2-factor authentication, but the developers of the wallet are considering implementing this feature.

The wallet is also connected to the Coinomi exchange, so users can trade cryptocurrencies directly from the wallet. This feature works in practice very simply and reliably and can save the detour via an exchange, such as Coinmerce or Coinbase.

You can download the wallet on the official website (click!).

Supported crypt currencies
Bitcoin and 275 different cryptocurrencies.
Operation
The user interface is very clear and intuitive. This makes the wallet ideal for beginners.
Transparency & Fees
Open source software is seen by many users as an important feature of transparency. Coinomi was part of the open source software movement. However, Coinmomi postponed her project as a closed source in 2018. This doesn’t mean their code is malicious. However, a certain amount of transparency has been lost as a result. It is also important to know that Coinomi does not charge any extra fees. The wallet is free of charge.
Security
The main reason for the popularity of the Coinomi Bitcoin wallet is the privacy, which is very high by default. Coinomi does not collect any personal data and encrypts the IP addresses of its users. In addition, Private Keys are stored on the user’s device (PC or Smartphone) so that no third party has access.

In addition, the Coinomi Bitcoin wallet provides the ability to create a recovery seed during setup, which can be used to reinstall the wallet on another device if the user’s device breaks down.

Important note: The Coinomi wallet was never hacked before 27 February 2019. On this day a critical bug was discovered for the Coinomi Desktop wallet. However, this bug was fixed very quickly by the Coinomi team. Further details can be found here.

7.Armory Bitcoin Desktop Wallet

Armory Bitcoin Desktop Wallet

The Armory Bitcoin wallet was launched in 2015 and is one of the best Bitcoin wallets for the desktop PC. It is based on an open-source Python code that can be controlled by any person. This is one of the reasons why it is considered to be one of the safest Bitcoin wallets. However, there’s one little catch you should know: The original developers of the wallet have left the project. Nevertheless, it is continuously being further developed!

The wallet is aimed at advanced users who place great emphasis on security and advanced features, such as a variety of encryption and cold storage options (including Multisig). It is important to know that the wallet was developed exclusively as a storage solution. An outstanding feature of the Amory Bitcoin wallet is the possibility to use it as a cold wallet. This means that the Bitcoins can be stored very safely. For larger customers, the wallet provider even offers a consulting service in which experts provide advice and assistance.

The Armory wallet is also available for all common operating systems. That includes: Windows, Linux, Ubuntu and also Mac. The use of the wallet is completely free of charge and possible without further registrations. You can download the wallet here and install it.

Supported cryptocurrencies
Only Bitcoin (BTC) is supported.
Operation
From the user’s point of view, the Amory Bitcoin wallet is intended for more advanced users, since technical skills are required for proper setup and operation.
Transparency & Fees
The Armory Bitcoin wallet is an open source, Python-based wallet application that does not charge any additional fees for use.
Security
The Bitcoin Armory wallet offers a very high security for your Bitcoins. With the wallet, users have full control over sending and receiving, a really strong security and a paper backup capability, which allows the wallet to be installed and synchronized very quickly and easily on a new computer. In addition, the Cold Storage Option offers strong protection (for desktop wallets).

In the following box, we have briefly summarized the most important things about Bitcoin Desktop Wallets:

Summary
Bitcoin Desktop wallets offer good protection. However, due to their connection to the Internet, they are at risk of hacking and phishing attacks. Desktop wallets therefore have significantly less security than hardware wallets.

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For beginners, however, a Bitcoin Desktop wallet can be a good free way to keep Bitcoins in a safe place. Most wallets are free of charge and well documented, including detailed instruction manuals. If you are investing large amounts of capital in Bitcoins, you should consider buying a hardware wallet.

Bitcoin Online wallets review

Bitcoin Online wallets are usually operated by cryptocurrency exchanges. This offers the great advantage that they are very easy to use. Moreover, you can trade very easily and quickly, as the wallets are connected to the exchanges. The resulting disadvantage, however, is that cryptocurrency exchanges are very popular targets for hacker attacks. However, there are also web wallets that are not operated by cryptocurrency exchanges.

Compared to hardware wallets and desktop wallets, online wallets offer a lower security standard. Nevertheless, they also have advantages, as the following overview shows.

The advantages of Bitcoin Online wallets are:
✅ you can access your wallet from anywhere in the world where there is an Internet connection
✅ Exchange wallets enable trading out of the wallet. No further transaction (to an exchange) is required.
✅ You can define limits for maximum payouts per transaction.
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

This has the following disadvantages:
❌ Lower security standard as hardware and desktop wallets
❌ The Management of the Private Keys is transferred to a third party (an exchange)
❌ Greater likelihood of hacker or phishing attacks
❌ Some web wallet vendors have turned out to be SCAM in the past.

1.Our test winner: The Binance Web Wallet

Binance

Binance, one of the largest exchanges in the world, offers a wallet service in addition to the pure trading of cryptocurrencies. More than 100 different cryptocurrencies can be traded and stored on the exchange. Binance is regarded as one of the world’s safest exchanges, which has been the victim of only one hack to date. A total of 7,000 BTC were stolen in May 2019. However, Binance took responsibility for the hack and did not pass the loss on to its customers, but compensated for it itself.

However, our recommendation is that you only use the platform for trading cryptocurrencies. If you want to store your Bitcoin for a long time, you should send the BTC to an external wallet. Nevertheless, in our opinion, Binance offers the best possible protection in this category. If Binance is responsible for a loss, you can expect compensation from the exchange. Still, you shouldn’t rely on it. You can register an account on Binance by clicking on this link*.

Supported cryptocurrencies
Over 150 crypt currencies. All cryptocurrencies can be traded at Binance and stored in the Web wallet.
Operation
The operation of the cryptocurrency exchange and the associated wallets can be somewhat complicated and confusing for beginners. In our Binance review, we explain in detail how you can use the platform.
Transparency & Fees
Use of the Binance wallets is free of charge. Trading fees are charged, as you can read in our Binance review.
Security
Binance is considered to be one of the safest exchanges in the world, which until today has only once been the victim of a hack and has not passed the loss on to its customers. However, you should only keep your Bitcoins on the exchange as long as you are actively trading.

2.BTC.com hot wallet

The BTC.com wallet is developed by Bitmain, the leading manufacturer of Bitcoin Mining Rigs (Antminer), and is a solution that combines security and ease of use. The BTC.com wallet is available online via the BTC.com website and for the smartphone via Android and iOS version. It offers good basic protection and privacy.

Unlike other online wallets, BTC.com never has access to the private keys. In addition, 2-factor authentication can be activated, thus increasing security. Another practical feature of the wallet is that it makes dynamic fee suggestions. This feature can be especially useful for beginners.

You can download the wallet from the official website. Click on this link.

Supported cryptocurrencies
The BTC.com wallet supports both Bitcoin and Bitcoin Cash.
Operation
The BTC.com wallet is quickly installed and offers an easy to use user interface. It is therefore particularly recommended for beginners.
Transparency & Fees
There are no separate fees for the use of the wallet. Another advantage of the wallet is that the software is an open source project whose code can be viewed on GitHub.
Security
Since the wallet is offered by a centralized service, the user has to trust a third party (despite having sole control over the private key). However, the community around the wallet gives positive feedback, so the wallet can be a good and easy way to store your bitcoins.

3.BitGo Web Wallet

BitGo Bitcoin Desktop Wallet

BitGo is a Bitcoin online wallet that stands out from other wallets due to various features. The wallet is designed to help companies that regularly use Bitcoins and send many transactions. The wallet offers the possibility to use multiple signatures. The multisignature feature allows multiple users to use one account. On the other hand, it offers additional security features that are very useful for businesses. This allows different users to access a single account if they have been granted permission to do so. You can also define payout limits.

The BitGo wallet is particularly suitable for companies and a very practical solution for jointly managing Bitcoin in one company. There are better alternatives for private investors! The official website of BitGo can be reached via this link.

Supported cryptocurrencies
The BitGo Web wallet is a wallet which is exclusively specialized in the administration of Bitcoin.
Operation
The user interface of BitGo is relatively simple. But it is very easy and intuitive to use.
Transparency & Fees
BitGo was originally developed as a centralized platform. This means that both the user and the company behind BitGo have access to the private key. However, this has partly changed.

Since the addition of a mobile Android and iOS version, users can gain full control over their private keys and funds. With the online version, users have the ability to export their private key to another wallet solution to ensure sole access.

Security
The security aspect is very important for BitGo. The BitGo wallet is very well secured with multi-level security options for companies, such as multi-signature, authentication rights and different access levels! BitGo also supports 2-factor authentication.

4.eToro Desktop wallet test

eToro wallet and Exchange

Our second choice is eToro, which, however, only appeals to residents outside of the US and UK (as of 01/2021). eToro is one of the largest CFD providers in the world and offers various cryptocurrencies in “physical form” as well as CFD (outside of the two aforementioned regions). Due to its high security standards and reputation, eToro can be a good option for custody in our view.

For more information, you can read our eToro review. If you want to sign up for the wallet, you can use this link (click here*) to create an account with eToro.

**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Supported cryptocurrencies
15 cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Dash (DASH), Litecoin (LTC), Ethereum Classic (ETC), Cardano (ADA), Cardano (MIOTA), MIOTA (IOTA), Stellar Lumens (XLM), EOS (EOS), NEO (NEO), Tron (TRX), ZCash (ZEC), Binance Coin (BNB)
Operation
eToro offers a very clear and intuitive trading platform for beginners as well as advanced traders.
Transparency & Fees
As described above, eToro charges fees. You can read in detail in our eToro test report when they occur and how high they are.

5.Litebit Online Wallet

Litebit

The Bitcoin Broker Litebit offers a Bitcoin wallet in addition to the purchase and sale of BTC and other Altcoins. This corresponds to the definition of a web wallet, since Litebit takes care of the storage of your Bitcoins. For the account (and thus the wallet) Litebit offers the possibility of a 2-factor authentication in order to protect the account in the best possible way. In contrast to Binance, Litebit does not offer a web wallet for every cryptocurrency that can be purchased from the broker. Litebit currently has web wallets for Bitcoin and 30 other Altcoins.

Storing Bitcoin on Litebit is an easy way. However, we recommend that you rather use a free desktop wallet or buy a hardware wallet. If you want to create a Bitcoin wallet on Litebit, just click on this link*. You will be taken directly to the home page where you can register.

Supported cryptocurrencies
Over 30 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Cardano, DASH, Dogecoin and many more.
Operation
In the past years we had very good experiences with Litebit, because it offers a very easy to use user interface, which is understandable even for beginners. On the other hand, Litebit is also suitable for experienced investors. Apart from that, we recommend using a desktop or hardware wallet for BTC.
Transparency & Fees
There are no fees for using the Litebit Web Wallet!
Security
Even if we don’t know a hack and the majority of Litebit’s customer money is kept in cold wallets, we recommend you use a desktop wallet or a hardware wallet.

6.Coinmerce hot wallet

Coinmerce

Like Litebit, Coinmerce is a Bitcoin broker from the Netherlands, which enables the direct purchase and sale of cryptocurrencies per euro. In addition to trading, Coinmerce offers its users the option of storing Bitcoin and other cryptocurrencies on the exchange.

In this case, the exchange takes over the task of taking care of your private key. Again, Coinmerce has never been hacked, but there is a potential for hacking. If you want to buy and sell cryptocurrencies, you can definitely try Coinmerce. Coinmerce has a platform’s own stable coin, the Coinmerce Coin, which can be used effectively to secure profits or cash out quickly and easily. If you click on this link*, you will be taken to the official website of the exchange where you can create an account.

Supported cryptocurrencies
Over 100 cryptocurrencies are offered for sale by Coinmerce. There’s a hot wallet for every coin.
Operation
The motto of Coinmerce is “Cryptocurrencies for all”. According to the motto, the operation is very simple. On the positive side, Coinmerce also offers a mobile hot wallet that has the same functions as the desktop version.
Transparency & Fees
There are no fees for the use of the Coinmerce hot wallets! However, a fee (beyond the network fee) is charged if the coins are transferred from the broker to an external wallet. The fee is often very low and depends on the respective cryptocurrency.
Security
We are not aware of any hack. In addition, the majority of Coinmerce’s customers’ money is stored in cold wallets. However, as with all web wallets, we recommend using a desktop or hardware wallet.

We summarize for you the most important things about Online / Web Wallets:

Summary
Bitcoin Online/Web wallets provide basic protection for your Bitcoins. The operation is often simple and free of charge, as well as well documented. Many wallets can be secured by 2-factor authentication.

However, they often have a big disadvantage: You are usually (an exception is the wallet of BTC.com) not in possession of the private key. You give this responsibility to the developers or the platform of the wallet. In addition, web wallets are particularly vulnerable to phishing attacks, since a browser must be used to access them. Therefore, always make sure that you have an up-to-date anti-virus program installed.

Mobile Bitcoin Wallets

Mobile Bitcoin wallets can be used directly on your mobile phone, so you have direct access to your Bitcoins from anywhere in the world. However, just like your PC or laptop, the mobile phone is another possible point of attack that hackers could exploit. You are only effectively protected against hacker or phishing attacks with a hardware wallet. Nevertheless, we present 5 different mobile Bitcoin Wallets that have proven themselves in practice. Below we have summarized an overview of the advantages and disadvantages of a mobile wallet:

The advantages of mobile Bitcoin wallets are:
✅ You can access your wallet from anywhere, as long as you have an internet connection.
✅ More cryptocurrencies than just Bitcoin are often supported.
✅ The user interface is often very simple and intuitive.
✅ If you have any questions, you can contact customer support.

The disadvantages are as follows:
❌ Less secure than a hardware wallet
❌ No deposit protection, as offered e.g. by the eToro Wallet
❌ Vulnerable to hacker or phishing attacks

1.Electrum Mobile wallet – again test winner

Electrum Desktop Wallet

The Electrum wallet was already our test winner in the Desktop wallet category. The mobile Bitcoin wallet is focused on speed and simplicity. When using it, your phone needs little resources because it uses remote servers that can handle the workload. You can restore your account using a secret phrase if your phone breaks down or other events occur. You can also protect your account with 2-factor authentication.

You also have full control over transaction fees. The wallet suggests the transaction fees according to the current load on the Bitcoin blockchain so that the transaction is executed promptly. This function can prevent beginners in particular from paying excessive transaction fees.

You can download the wallet for Android here.

Supported cryptocurrencies
The Electrum-Wallet only supports the administration of Bitcoin! Unlike many other wallet manufacturers, Electrum has stuck to its roots. It focuses exclusively on Bitcoin to offer a highly secure Bitcoin wallet.
Operation
The Electrum wallet is very simple and easy to use, which is probably why it is so well established. A special advantage of the wallet for Bitcoin is that it enables the integration of hardware wallets. You can use the Electrum mobile wallet with both Ledger and Trezor hardware wallets.

Unfortunately, the Electrum wallet can only be used for storage and not for trading Bitcoin. Users cannot buy, sell or trade Bitcoin through the wallet.

Transparency & Fees
The Electrum Bitcoin wallet is free! The Open Source wallet is released under the MIT license.
Security
The Electrum wallet has an excellent reputation in the cryptocurrency industry because the security and privacy of the users are taken very seriously. Both are very important aspects of the Electrum wallet, to which the developers attached great importance.

The users remain completely anonymous. No personal data is required to download the Electrum wallet. The Private Keys are stored exclusively on the user’s mobile device. The Electrum wallet can also be used with TOR, providing an additional level of privacy.

2.Atomic Wallet

Atomic Wallet

As with desktop wallets, the Atomic wallet takes second place in mobile wallets, as it places great emphasis on security, anonymity and decentralization. Everything we have written for the desktop version also applies to the mobile version of the wallet.The private keys and transaction data are only stored on your device. In addition, the wallet can be used to perform Atomic swaps, allowing cryptocurrencies within the wallet to be exchanged peer-to-peer for a small fee.

From our point of view, the Atomic wallet, whether in the desktop or mobile version, is particularly suitable for beginners who want to manage several different cryptocurrencies with one wallet. Therefore it is also our Top 2 recommendation. You can download the wallet under this link.

Supported cryptocurrencies
Currently, the Atomic wallet supports over 300 cryptocurrencies, including the most popular cryptocurrencies and all ERC-20 tokens.
Operation
The operation and installation is very simple and intuitive even for absolute beginners.
Transparency & Fees
The Atomic wallet is a community-based product that uses open source libraries, block explorers and other important elements. However, in order to ensure the security of the wallet, some of the developments will be kept secret.

There are no fees for the use of the wallet. However, the Atomic wallet offers some additional services where fees apply. For example, in-wallet peer-to-peer transactions are subject to different fees (network fees). However, the fees for the Atomic swaps are minimal and are carried out at normal market conditions.

Security
The Atomic wallet offers high security. The wallet does not request any personal data from its users. In addition, all data is transmitted in encrypted form. Furthermore, the Atomic wallet gives its users full control over your Private Key, as it does not store it on its servers, but only on its own device. In addition, each user can create a backup phrase to restore the wallet.

3.Bither mobile Bitcoin wallet review

The Bither mobile wallet is a simple but safe Bitcoin wallet. The wallet can be adapted to the personal needs, so that the range of functions depends on the use. The wallet offers a cold and hot wallet function to manage and track Bitcoin online and offline. The cold wallet runs in offline mode, so no internet connection is required. The Private Keys are securely stored on your device and protected by a password.

The wallet also has a backup and restore function. Using the hot wallet function you can connect it to the Bitcoin network and check your balance as well as send and receive Bitcoins. The private keys used for transactions can be imported using the QR code.

Furthermore, the wallet offers the possibility to use multi-signatures. This means that several people can manage the wallet and send and sign transactions. The wallet is available for both your smartphone and desktop, so you can use it across devices. You can download the wallet from the official website (click here!).

Supported cryptocurrencies
Bither is a wallet specialized on Bitcoin, which only supports the administration of BTC.
Operation
The wallet is very clear and easy to use. There are also various charts showing Bitcoin’s prices on the major exchanges and your portfolio based on your different addresses.
Transparency & Fees
Bither is an open source bitcoin wallet. For transactions there are no additional costs apart from the network fees.
Security
The security of Bither can be classified as average in comparison. You have sole control over your private key. A negative aspect is that there is no 2-factor authentication and no password login before using the wallet. Also, there are no functions to increase privacy.

4.BitPay Wallet

BitPay offers both a desktop and a mobile Bitcoin wallet. The wallet was developed by the payment service provider BitPay to protect the credit balances of its users. Thus, a serious and established company as a provider stands behind the wallet.

BitPay is one of the largest Bitcoin payment companies in the world. This is also the main purpose of the wallet, which is to be understood as an additional service from BitPay to the other services. The BitPay wallet offers a prepaid card with which the company’s vouchers can be purchased. Practically, you can load your credit from the BitPay wallet onto the BitPay prepaid card to pay anywhere VISA credit cards are accepted.

In addition, it is possible to use multi-signatures. Thus the wallet can be used by several persons. In addition, payout limits can be defined. In addition, the wallet can be secured by 2-factor authentication. Exceptionally, a BWS node can be used to significantly increase security and privacy.

You can download the wallet on this website (click!).

Supported cryptocurrencies
Only Bitcoin and Bitcoin Cash are available.
Operation
The user interface is very clear and intuitive, so that the wallet is also suitable for beginners.
Transparency & Fees
The BitPay wallet does not charge any fees. Use is free of charge.
Security
Since BitPay is an established company, the security of the wallet can be classified as very good.

5.Edge Wallet

Edge

The Bitcoin Edge Handy wallet offers the possibility to manage numerous other assets in addition to Bitcoin and Ethereum. Furthermore, Fiat currencies can be transferred to the wallet (EUR, USD) and Bitcoin can be purchased directly. The wallet is available for both Android and iOS. In addition to the ability to enable 2-factor authentication, your account can be protected with a PIN or Touch ID. The wallet can also be used with several end devices.

You can download the wallet on the official website of the provider (click!).

Supported cryptocurrencies
Bitcoin, Ethereum, Litecoin, Monero, Ripple/XRP, Bitcoin Cash, Dash, Augur, Wings, Indorse, Zcoin, Feathercoin, DigiByte, Vertcoin, Bitcoin Gold, DAI, Stellar, Smartcash, Groestlcoin, Bitcoin SV, EOS.
Operation
One of the main focuses during the development of the Edge wallet was the easy handling. This has been very successful.
Transparency & Fees
The Edge wallet is completely private. No personal or transactional information is transferred to the Company’s servers. The users are completely anonymous. In addition, the Edge wallet is fully open source and has been tested by leading security experts such as the Open Bitcoin Privacy Project.
Security
The Edge wallet uses a special security model. Instead of giving users the usual seed phrase, users choose a username and password. Alternatively you can also activate the use of a seed.

We summarize the most important things for you:

Summary
Mobile Bitcoin wallets provide good protection, although mobile phones are not 100% protected against malware attacks. The big advantage of mobile wallets is that you always have access to your wallet when you carry your mobile phone with you.

Many mobile wallets offer the possibility of storing additional digital assets. Furthermore, almost all wallets offer the possibility to additionally protect your account with 2-factor authentication. Mobile wallets are a good way for beginners to store Bitcoins safely.

Bitcoin Offline wallets / Bitcoin Paper Wallets

Bitcoin Paper wallets are considered particularly secure in the Bitcoin community because the password, address and recovery seed are stored offline on a piece of paper. However, it should be noted that a web wallet such as Blockchain.info must be used to view the account balance as well as to send transactions.

There are different possibilities to use a Paper wallet in practice. You can get even better protection by combining the Paper wallet with the use of a hardware wallet. This means that all important login information is displayed on the sheet of paper and there is no further digital copy of it.

Bitcoin offline wallets are especially useful if you will not be accessing your account for a long time. You can store your Bitcoin wallet paper in a safe place, e.g. a safe deposit box or a safe. When creating paper wallets, it is important that your PC and printer are free of viruses and malware. Although it is quite rare, this can be a possible weak point of the Bitcoin Paper wallet. Newcomers in particular should inform themselves in advance about the respective opportunities and risks.

The advantages of Bitcoin Paper wallets are:
✅ You can access your wallet from anywhere, as long as you have an internet connection
✅ Easy and safe to create
✅ Each transaction must be confirmed manually.
✅ Also suitable for beginners
The disadvantages are as follows:
❌ No deposit insurance, as offered by some Bitcoin exchanges such as eToro
❌ Storage of coins is your own responsibility, this can also be an advantage, depending on what you prefer
❌ Not 100% safe from hacker or phishing attacks

If you use Bitcoin Paper wallets, you should note the following:

Summary
Bitcoin Paper or offline wallets are a good and secure way to store your Bitcoins for a long time. Make sure that your PC is free of Trojans and other harmful programs. Bitcoin offline wallets can be especially interesting for beginners to familiarize themselves with the matter of Bitcoin and the blockchain.

Further important information

With all our recommendations, always note that you do your own research and inform yourself independently. There are countless Bitcoin wallet suppliers on the market offering different products at low and high prices. The best way to protect your Bitcoins is to use hardware wallets. Currently there is no better way to keep your cryptocurrencies safe than on a Ledger Nano X or Trezor Model T.

If you are a beginner and prefer a wallet that offers deposit protection, eToro may be the right choice for you. eToro offers up to €20,000 per customer protection. In the event of a hacker attack, your deposits are protected against the insolvency of the stock exchange. Click on this link to create an account with eToro*.

If you have any questions or suggestions regarding our Bitcoin wallet review, please feel free to leave us a comment. We’ll be glad to help you!

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About Author

Collin is a Bitcoin investor of the early hour and a long-time trader in the crypto and forex market. He's fascinated by the complex possibilities of blockchain technology and tries to make matter accessible to everyone. His reports focus on developments about the technology for different cryptocurrencies.

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