Best Bitcoin Wallet: Top 15 BTC Wallets to Store Funds Securely in 2024

Cyrus •Last update: June 21, 2024

What are the best Bitcoin wallets in October 2024?

Bitcoin wallets are a must if you want to store your cryptocurrency securely. Wallets today come with a wider range of features to ensure seamless and fast transactions.

Security is a top priority, and customers know the value of protecting their funds.

Today, we will review some top wallets to store your Bitcoins securely. We will explore the types of cryptocurrency wallets, the setup process, and choosing the right solution for your needs.

But first, a few words on how we come up with our recommendations.

How We Review

Why should you trust us?

LaZBit has been providing unbiased wallet reviews since 2018. Our proven review process weighs several factors to arrive at our conclusions.

Below are a few crucial factors we consider when reviewing a product:

• Security: It is a top factor for any cryptocurrency product. We look at encryption, two-factor authentication, backup options, and more.
• Ease of use: We assess the user interface, setup process, and user experience. It allows us to recommend products for novice and advanced users.
• Features: We look for advanced features for complete satisfaction and convenience. We score products based on their features.
• Customer support: We test the responsiveness and quality of a wallet’s customer support service. Our team also evaluates the nature of resources.
• User feedback: Our community and users worldwide send us vital product insights. We weigh all complaints and words of appreciation.
• Hands-on testing: We personally buy and test a product whenever possible. It allows us to offer unique perspectives and the real truth.
• In-house rating: We have created a unique rating system to guide your purchase decision. Our team rates products on security, ease of use, features, and customer support.

Find out more about our review process. We may also earn a small incentive when you click our link and buy a product. It does not cost you anything nor influence our review.

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Best Bitcoin Wallet: Secure Storage for Zero Worries

What is the best Bitcoin wallet to store your funds?

Here are the top picks for the year:

1. Trezor Safe 3 – The Most Secure Bitcoin Wallet

Trezor is a trusted name in the world of secure crypto storage solutions. The One and Model T are already famous worldwide.

Enhanced Security

The Trezor Safe 3 is an advancement in security over the existing models. This self-custody wallet has an improved Secure Element Certified Chip to prevent unauthorized access.

It adds another level of security to the PIN.

Leverage Trezor Suite

The Trezor Suite lets you manage, send, receive, and trade your coins without any external app. You can verify and confirm every transaction directly from your device.

The advanced security features ensure that every transaction is legit.

Protect Your Privacy

You can make your transactions impossible to track using CoinJoin. Additionally, Tor provides anonymity and peace of mind.

Key Facts

Why to Buy

• Bitcoin-only version available with dedicated BTC firmware
• Improved security chip provides unmatched device security
• Protect your privacy with Tor and CoinJoin support
• Open-source design for complete transparency
• Never lose your recovery seed with optional Shamir backup

Why Have Second Thoughts

• Absence of touchscreen
• Needs a laptop to set up

2. Ledger Nano X: Top Bitcoin Crypto Wallet

Ledger is another trusted name when it comes to storing Bitcoins. The Nano X is a secure hardware wallet that puts everything in your custody.

This model is similar to Ledger Nano S Plus, with only a few exceptions, like Bluetooth.

Learn more on our Ledger Nano S Plus review.

Minimum Point of Failures

The secure chip in Nano X with Ledger’s operating system minimizes points of failure. Additionally, you must enter your PIN physically to access your funds.

Secure Mobile Connectivity

Nano X can connect to iOS and Android mobiles via Bluetooth. This connectivity is end-to-end encrypted for zero worries.

Moreover, seed phrases always reside in your device.

Easy Setup

You can set up Nano X in four simple steps. As a result, even beginners enjoy safe storage without complicated steps.

Key Facts

Why to Buy

• Connects to mobile devices using Bluetooth
• Sleek and impressive design
• Stainless steel casing for durability
• Store NFTs safely with your tokens
• Easy to use and manage funds

Why Have Second Thoughts

• Pretty expensive
• KYC is mandatory for optional Ledger Recover

3. Passport – Best Open Source Bitcoin Wallet

Passport is among the best Bitcoin wallets for people who prioritize security. It comes from Foundation Devices, a company founded in 2020.

Fully Open-Source

The firmware in this cold storage solution is free and open source (FOSS). You also have an MIT license to rule out the chances of any hidden code.

Additionally, the hardware design is also open-source.

Robust Security Measures

Passport does not have any USB or Bluetooth connectivity. QR codes help you validate crypto transactions using the wallet’s camera.

Therefore, you have minimal attack surface.

BTC Only

Passport is the best BTC wallet if you are not interested in other cryptocurrencies.

This limitation also makes your device more secure. You can, however, leverage several Bitcoin apps and tools.

Key Facts

Why to Buy

• Very secure without any USB or Bluetooth connection
• High-resolution color display
• Hardware and firmware are fully open-source
• Easy-to-remove 1,200 mAh lithium battery
• Supports several software wallets

Why Have Second Thoughts

• Compromises convenience for security
• Does not support any altcoin

4. Coinbase: Best Bitcoin Wallet for Beginners

Coinbase is among the well-known exchange wallets. It is perfect for crypto enthusiasts who use Coinbase to trade crypto assets.

You can easily set up the mobile wallet in minutes, even without a Coinbase account.

Read our full Coinbase Wallet review.

Store NFTs and DeFi

Crypto users can store NFTs and DeFi products in Coinbase wallets. Additionally, it supports thousands of tokens and decentralized apps.

Everything is protected by several levels of security.

Buy Crypto with Cash

Coinbase allows you to buy Bitcoins and tokens via credit and debit cards and bank accounts. You can purchase crypto with fiat currency in 130 countries.

Earning Potential

Perform crypto swaps and earn from interest by lending your funds. Coinbase is one of the simplest ways to take advantage of DeFi liquidity pools.

Key Facts

Why to Use

• Several features like cryptocurrency staking and swapping
• Intuitive and simple interface
• Easy access to popular Coinbase services
• Sign up in 3 easy steps
• Self-custodial wallet for complete control

Why Have Second Thoughts

• Transaction fees applicable (except Coinbase exchange)
• Mandatory KYC for Coinbase services

5. KeepKey – Best BTC Wallet with THORChain

KeepKey is the ideal hardware wallet if you want to use more than Bitcoins. It comes integrated with THORChain to exchange a wide range of native cryptocurrencies.

Strong Security

Security breaches are out of the question with KeepKey. It is an entirely offline wallet with no worries of malware or virus attacks.

You confirm every transaction manually for peace of mind.

Unlock DeFi

KeepKey comes with a decentralized applications store to take control of your finances. You can explore products across 300+ blockchains.

Build on KeepKey

Developers and experienced users can leverage KeepKey SDK to build their apps. It has a good earning potential.

Key Facts

Why to Buy

• Good customer reviews
• Unlimited wallet address usage freedom
• Retrieve private keys with a 12-word recovery phrase
• Affordable and user-friendly
• Sleek and attractive design

Why Have Second Thoughts

• Customer support is only available via Discord
• Mobile application is slow

6. Trezor Model T: Best Offline Wallet with Touchscreen

The Model T from Trezor is another popular hardware wallet. It sports a captivating touchscreen to manage your crypto funds.

The 1.5-inch color LCD screen packs a 240 x 240 pixels resolution.

Find out more in our detailed Trezor Model T review.

Trezor Guaranteed Security

Trezor’s offline devices to store Bitcoins use passphrases and PIN codes to secure crypto assets. The absence of Bluetooth protects it from hackers and cyber attacks.

Maintain Anonymity

The secure hardware wallet comes with Coinjoin and Thor. You can protect your identity and stop worrying about privacy.

The Power of Trezor Suite

Trezor Suite lets you receive and transfer funds seamlessly.

Key Facts

Why to Buy

• Robust security measures for zero worries
• Magnetic plate to hang your device on the wall
• Excellent build quality and looks
• Completely open-source and transparent
• Small and compact

Why Have Second Thoughts

• Very expensive
• The small touchscreen can be inconvenient

7. Coldcard MK4: Best Bitcoin-Only Wallet

Coldcard MK4 offers uncompromised wallet safety. The brand has left no stone unturned to ensure what you get lets you “sleep like a baby.”

This wallet is popular in the cryptocurrency market for features like offline signing.

Dual Chips

Dual Secure Element chips store your secrets away from online threats. You don’t need to worry about physical security anymore.

Create Pseudo Wallet

MK4 lets you create a pseudo wallet to bypass hackers. They land in a false wallet, where you can even transfer funds to make it look legitimate.

Avoid Connecting to Computers

Prevent hooking up to a computer for the entire lifecycle of the transaction. Manage everything from your device, from seed generation to signing transactions.

Key Facts

Why to Buy

• Extremely secure and tamperproof
• Made in Canada for zero worries
• Transparent case to identify any hacking equipment
• Physical buttons for PIN
• Verifiable source code

Why Have Second Thoughts

• Not a suitable option for beginners
• High price
• Not FOSS

8. Trezor Model One: Most Affordable Bitcoin Wallet

Trezor One is for crypto users on a tight budget. It offers high levels of security without compromising quality or convenience.

Check out our complete take on Trezor Model One.

Trezor Security

You must have developed an idea about Trezor’s enhanced security by now. Trezor One is also not an exception.

It packs everything, from cold storage to physical transaction verification.

50-Digit PIN

Trezor One has the option to create a PIN with up to 50 digits. Add an extra layer of protection with pass phrase for wallet recovery.

Manage Funds Easily

Trezor Suite is your companion for exploring the crypto market. It also helps you track and manage your funds.

Key Facts

Why to Buy

• Trezor’s unbeaten record of security
• Lowest price among Trezor products
• Supports a range of digital currencies
• Two-button pad for easy control

Why Have Second Thoughts

• Supports only USB connection
• Need a computer for setup

9. Blockstream Jade – Best Bitcoin Liquid Wallet

Blockstream is a trusted name in the crypto space. The team consists of well-known Bitcoin Core developers behind technologies like Blockstream Satellite.

Access to Liquid Network

Jade features support for Blockstream’s Liquid Network. It’s a Bitcoin layer-2 sidechain for faster and more confidential transactions.

Flawless Security

Jade is heavy on security with 2FA protection and fully air-gapped transactions. Additionally, you can leverage full-node verification and Tor support.

Supports Several Software Wallets

You may choose to skip Blocksteam Green and rely on supported online wallets. The list includes Sparrow, Nunchuk, and more.

Key Facts

Why to Buy

• 3 modes of connectivity
• Extremely fair price
• Keep your keys and assets offline
• Manage funds via mobile and desktop application
• Built-in token swap service via Liquid Network

Why to Have Second Thoughts

• Poor QR experience
• No Secure Element chip

10. Ledger Stax: Top Bitcoin Wallet with Kindle Experience

Ledger Stax steals the spotlight when it comes to stylish crypto wallets. It was designed by Tony Fadell, the creator of the iPod, for fantastic looks.

You can store your funds securely in style.

E Ink Touchscreen

Ledger Stax comes with a curved touchscreen with a black and white E-Ink design. You feel like using a Kindle while signing your transactions.

Store NFTs and More

The handheld device stores more than a wide variety of coins and tokens. You can even store NFTs and digital assets.

Personalization

Personalize your Stax with your unique name. You can even set an image or NFT as your lock screen.

Key Facts

Why to Buy

• Best looking hardware device
• Not thicker than a stack of 5 credit cards
• Store NFTs and crypto
• Wireless charging for complete portability
• Comes with Bluetooth

Why Have Second Thoughts

• Quite expensive
• Waiting period for ordering

11. Sparrow: Best Bitcoin Desktop Wallet

Sparrow is one of the best desktop wallets for storing Bitcoins. The desktop app is loaded with features and gives you complete control over your transactions.

Most importantly, Sparrow is developed with funds collected from donations.

Skip the Browser

Browsers are known for their large attack surface and vulnerabilities. However, Sparrow is a dedicated desktop application that keeps you safe from cyber attacks.

Supports Physical Wallets

Sparrow supports a wide range of physical devices and storage solutions. You can also sync software wallets for seamless operability.

Complete Transparency

The desktop wallet offers several customizations for every transaction. It also shows byte-level data to foster complete visibility.

Very few wallets give you such comprehensive information.

Key Facts

Why to Use

• A range of features for free
• Prioritizes privacy and confidentiality
• Customizable transaction fees
• Free from risks of browser apps
• In-built Whirlpool mixing

Why Have Second Thoughts

• Not suitable for mobiles
• UI is a bit outdated

12. Blue Wallet: Best Mobile Bitcoin Wallet

Blue Wallet is the ideal choice for users who value mobility. The online wallet is available for iOS and Android without any cost.

You can download it and start managing your funds instantly.

Unmatched Simplicity

The power of simplicity is prominent all across Blue. It is free from distractions and lets cryptocurrency users focus on managing funds.

The wallet services are also limited to prioritize simplicity.

Multisignature Vaults

Multi-signature support allows you to set up wallets with several keys. It is not so easy to gain unauthorized access to your funds.

Key Facts

Why to Use

• Several types of crypto wallets
• Always stay updated on your transactions
• Extremely user-friendly interface and navigation
• Create fake storage for extra protection
• Free peer-to-peer payments on Lightning Network

Why Have Second Thoughts

• Lack of educational resources
• No 2FA protection

13. Phoenix: Best Bitcoin Lightning Wallet

Phoenix is a mobile wallet that uses the Lightning Network natively. Every transaction is fast and comes with lower fees.

The wallet uses a network of open Electrum servers to facilitate on-chain activities.

Splicing Technology

Phoenix added splicing technology last year to remove its “inbound liquidity” fees. Users now don’t have to pay 1% charges anymore.

Lightning Simplified

Many challenges common in Lightning wallets are resolved in Phoenix. The list includes fees for closing channels, spending delays, and backup concerns.

For example, you can use 12-word seed phrases like traditional backup devices to preserve your channel.

Open Source Code

The source code of Phoenix is available for everyone on GitHub. Experienced users can verify the features and safeguards anytime.

Key Facts

Why to Use

• Intuitive and user-friendly interface
• Natively uses Lightning Network
• Fast and seamless transactions
• Non-custodial and secure
• Seamless channel management

Why Have Second Thoughts

• Does not work without the Lightning Network
• High fees for creating new channels

14. Electrum: Best Bitcoin-Only Wallet

Electrum is a high-trust wallet for storing Bitcoins. It is available on mobile and desktops for free.

This wallet is one of the oldest and was launched in 2011.

Strong Security

Electrum is a non-custodial storage solution to protect your private keys. Additional security measures include 2FA to prevent unauthorized access.

Complete Privacy

Your private keys reside locally on your device. Additionally, Electrum encrypts your seed phrase and confidential keys.

Most importantly, you have the freedom to manage your servers.

User-Friendly

You can download and start using the platform in minutes. It is possible to access all vital functions from your dashboard.

Additionally, you can take advantage of the Lightning Network.

Quick Facts

Why to Use

• An ideal choice for beginners
• Use on mobiles and desktops
• Set up easily across devices
• Approved with an MIT license
• Supports hardware wallets

Why Have Second Thoughts

• Available for Android only
• Lack of customer support

15. Ledger Nano S Plus: Upgraded Version of Nano S

Ledger Nano S Plus takes Nano S to another level. It is more secure and comes with better readability. You can store and manage coins like Bitcoin, Ethereum, and more.

Bigger Screen, More Memory

The S Plus packs a 128 x 64 pixels screen to view your transactions conveniently. Additionally, you get 1.5 MB of storage compared to 320 KB in Nano S.

Ledger Security

The hardware wallet protects your secrets in a secure chip. It is an ideal choice for users with less technical knowledge to attain peace of mind.

Ledger ensures your funds are protected from unauthorized access.

Trendy Design

You never have to compromise style when you use Nano S Plus. It comes in several colors to suit everyone’s preferences.

Key Facts

Why to Buy

• Completely offline storage
• Good price point
• Intuitive setup process
• DeFi wallet services
• Bigger screen for better readability

Why Have Second Thoughts

• No Bluetooth connection
• No support for iOS devices

What is a Bitcoin Wallet

A Bitcoin wallet is your gateway to the world of cryptocurrencies, especially BTC. You can think of it as your digital savings account.

However, it stores Bitcoins instead of dollars and other fiat currencies.

A BTC wallet works in similar ways to PayPal, Venmo, or Cash App. It lets you send, receive, and manage your cryptocurrency.

You give out a public key or a code to receive funds from an individual, a crypto exchange, or other sources.

Think of it as your mobile number or QR code you hand out for others to send you money through mobile apps.

Another private key allows you to establish ownership and access your funds. You can think of it as your PIN code or password that secures your mobile wallet.

All transactions are recorded on the blockchain, and your balance is updated accordingly.

Types of Wallets to Store Bitcoins

Bitcoin, like crypto wallets, are of different types. You can choose from hot wallets, cold wallets, hardware wallets, and more.

Each has pros and cons, so a bit of homework is necessary to make an informed choice.

Below is a look at the most popular wallet types:

• Hot wallets: These wallets are connected to the internet and accessible via a mobile device or desktop app. Hot wallets are convenient but less secure than cold wallets.
• Cold wallets: A cold storage wallet is an offline storage solution. It has enhanced security due to the absence of internet connectivity.
• Hardware wallets: Crypto hardware wallets are physical devices to store cryptocurrencies. A physical wallet adds another layer of security by keeping your private keys offline.
• Software wallets: These are programs or apps installed on your computer or mobile. All types of software wallets are less secure than hardware wallets but more convenient.
• Custodial wallets: A third-party service provider manages custodial wallets. You trust the provider to store your funds securely.
• Non-custodial wallets: A non-custodial Bitcoin wallet provides complete control over your private keys and funds. However, you are in charge of managing your security.
• Paper and steel: Paper wallets mean you write your private keys on paper and store them. A steel counterpart lets you engrave your keys on steel for long-term durability.

Read more: Hot vs Cold Wallets: A Detailed Comparison.

How to Choose a Bitcoin Wallet: Storing Your Crypto Assets

You must consider several factors to select the right BTC wallet. It must be secure, reliable, and tailored to your trading habits.

Here are the most vital considerations:

• Security: Look for a storage solution with advanced security features and protocols. They protect your crypto funds from hackers and unauthorized access.
• Encryption: Encryption acts like a secret code to secure your digital currencies. Strong encryption keys safeguard your private keys and transactions.
• 2FA: Two-factor authentication provides an additional level of security. It prevents unauthorized access by adding another step in the login process.
• Multi-signature support: It is like having multiple keys to your safe. Several parties approve a transaction to weed out unauthorized access.
• Currency support: Some wallets support a range of cryptocurrencies. It may be a factor if you want to store or trade other digital assets with Bitcoin.
• Fees and costs: You may have to pay transaction fees for some products. It pays to research to find suitable rates.
• Compatibility: Ensure your storage solution is compatible with your platforms and devices. You don’t want to run into any unpleasant surprises after your purchase.
• Trading frequency: The frequency of crypto trading impacts your choice of wallets. Intermediate to advanced traders should consider a secure option like hardware devices.
• Personal requirements: Consider your preferences and needs. They may include a user-friendly interface, dedicated customer support, and more.
• Features: Look for additional features for an excellent user experience. The list may contain cryptocurrency exchanges, app staking, and more.

How to Set Up a Bitcoin Wallet

Setting up your cryptocurrency wallet is like creating a new account for a service. Below is a snapshot of the steps involved:

Preparation

• Download or install the application.
• Install the software for hardware storage devices.
• Set up your username, password, and security measures like 2FA.
• Back up your wallet and store it securely in several locations, like encrypted cloud storage or external hard drives.
• Store the private key generated by your wallet securely to access and manage your crypto funds.

Adding Funds

• Share your public key to receive funds from anyone in the world.
• Send funds by using the recipient’s public key.

Here is a detailed guide on setting up a Bitcoin wallet. Check it out if you need detailed instructions.

Frequently Asked Questions

Select the Best Wallet for Bitcoin

A Bitcoin wallet is necessary if you want to send and receive Bitcoins. You can select from different types of cryptocurrency wallets to store your funds. The list includes non-custodial wallets, hardware wallets, hot wallets, and more.

The best option for you is determined by your needs. Most people find a combination of solutions suitable to store and transact Bitcoin and other cryptos.

For example, a software wallet is ideal for frequent trading and day-to-day transactions. Along with that, a hardware wallet is perfect for storing funds for long term.

Try to avoid third-party risks by opting for non-custodial wallets that give you full control of your keys. Research your options as not all products are safe or prioritize privacy.

We tested each wallet and presented our unbiased recommendations for your peace of mind. Try Trezor Safe 3, the safest and most trusted solution to secure Bitcoins. You will never have to lose sleep worrying over your funds again.

Cyrus

Cyrus is a freelance copywriter, and a Bitcoiner, class of 2020. His initial trust in exchanges and interest accounts led to the loss of some coins. With a renewed focus on online security, he’s dedicated to protecting his Bitcoin. Cyrus enjoys sharing his knowledge, helping others avoid similar mistakes.