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Best Crypto Wallet: Top 10 Bitcoin Wallets for 2021 [Ranked]

Looking to store your Bitcoin in a safe place? We've analyzed the best Bitcoin wallets on the market right now so you can decide between all the hot, cold, hardware and software wallets available.
September 14, 2021

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ProviderTypeHardware Wallet CompabilitySecurityOur Score
Ledger Nano X - Best Overall Cryptocurrency WalletBitcoin WalletYes
A++
10
Visit site
Bitcoin Wallet (Bitcoin.com) - Best for Mobile usersSoftware WalletYes
A+
7
Visit site
Exodus - Best for desktop usersSoftwareYes
A+
8
Visit site
Coinbase wallet app - Best for beginnersSoftwareYes
A+
9
Visit site
Trezor Model T - Best for maximum securityHardwareYes
A++
10
Visit site
#1
Type: Yes
Hardware Wallet Compability: Yes
Security: A++
Score: 10
#2
Type: Yes
Hardware Wallet Compability: No
Security: A+
Score: 7
#3
Type: Yes
Hardware Wallet Compability: Yes
Security: A+
Score: 8
#4
Type: Yes
Hardware Wallet Compability: No
Security: A+
Score: 9
#5
Type: Yes
Hardware Wallet Compability: Yes
Security: A++
Score: 10

1. Ledger Nano X - Best Overall Cryptocurrency Wallet

Why Ledger Nano X: We feature Ledger Nano X because it stores your Bitcoin private keys offline and facilitates offline transactions via Bluetooth. Ledger Nano is what we refer to as a cold wallet.

Overview

The ledger Nano S is a second-generation hardware wallet that resembles a USB drive, but with an OLED display. Developed by Ledger, a French technology company, Nano X is as secure as it is easy to use. It connects to your computer via a USB cable and the iOS/Android devices via Bluetooth and the Ledger Live app.

The hardware wallet currently supports Bitcoin and 1800+ other cryptocurrencies typically found on crypto exchanges. It encrypts the private keys for these digital assets and has a micro-SD card feature that you can use to further encrypt wallet data. Ledger Nano S is backed up with 24 seed phrases that you can use to recover your keys on another Nano S hardware wallet if the one you are currently using is lost or damaged. Ledger also supplies a mobile wallet (aka software wallet) so you can monitor your crypto assets’ performance for Bitcoin, Ethereum, and many more.

Pros

  • Highly intuitive via the Ledger Live desktop and mobile app.
  • Ledger Nano X is built on an open-sourced technology platform.
  • Convenient as it integrates Bluetooth technology.
  • Supports many digital currencies
  • Best for beginners and advanced users

Cons

  • One may consider its $119 price tag restrictive.
  • Ledger’s company was recently hacked and user data was stolen.
Website:
Link
Country:
Worldwide
Transaction Fees:
0%
Currencies Available:
10+

2. Bitcoin Wallet (Bitcoin.com) - Best for Mobile users

Why Bitcoin wallet: We feature Bitcoin wallet as the best for mobile users because it makes on-the-move access and spending easy.

Overview

Bitcoin wallet by Bitcoin.com is one of the most secure and easy-to-use crypto vaults for mobile phone users. It is built on an open-sourced code and encrypts the Bitcoin private keys before storing them on your mobile device.

It is Bluetooth enabled, making it possible for users to send and receive Bitcoins while offline. For maximum privacy, Bitcoin wallet embraces the Orbot app from TOR and derives its maximum-security guarantee from its support for the new Becnch32 SegWit.

In addition to storing your Bitcoin private keys, the Bitcoin wallet app also lets you buy, sell, trade, invest, and spend these digital assets. It lets you buy more BTC via credit cards, payment apps, or bank within the app. Bitcoin.com further lets you swap BTC for USD Stable coins to escape volatile price action. It reflects your balance in BTC, mBTC, and uBTC, with the option of converting it to multiple international currencies.

Pros

  • Encrypts and stores coins in your mobile device.
  • You can switch between BTC and local currencies, easing in-store payments.
  • Bitcoin wallet features a highly intuitive and navigable user interface.

Cons

  • Exposed to inherent online threats, including malware attacks and hacking.
  • App-based crypto vaults like Bitcoin wallet have been labeled the least secure method of storing digital assets.
Website:
Link
Country:
US
Transaction Fees:
0%
Currencies Available:
1

3. Exodus - Best for desktop users

Why Exodus: We feature Exodus here because of its simplicity, ease of use, and feature-rich platform.

Exodus is a desktop wallet app with a highly intuitive user interface and a feature-rich built-in exchange. It is available for Mac, Linux, and Windows computers, and its developers recently launched the exodus mobile wallet app for Android and iOS devices. On either apps, it supports Bitcoin and more than a hundred other digital assets. Unlike most of the wallets featured in this post, however, Exodus is built on a closed source technology.

Like most other wallets nevertheless, it provides the user with a 12-word seed phrase during setup. This serves as a backup key and comes in handy when transferring the wallet to another computer or phone. Importantly, Exodus is fully compatible with Trezor One and Model T hardware wallets, which gives its privacy and security a significant boost.

Pros

  • Features an in-built exchange that you can use to buy and swap Bitcoin and other cryptocurrencies.
  • Exodus is easy to set up and easy to interact with making it a beginner-friendly desktop wallet app.
  • Exodus maintains a highly responsive support team, available online 24/7.

Cons

  • Exodus is an online/hot wallet and therefore vulnerable to malware, virus, and hacking.
  • It is built on a closed source technology and its code is yet to be audited by an independent third party.
Website:
Link
Country:
All
Transaction Fees:
0%
Currencies Available:
150+

4. Coinbase wallet app - Best for beginners

Why Coinbase: We consider Coinbase the most beginner-friendly Bitcoin wallet because it is free, highly secure, and easy to use.

Coinbase Wallet Overview

The Coinbase wallet app (not to be confused with the Coinbase exchange) is a free app-based crypto vault that stores and facilitates sending and spending your Bitcoins. Released in 2017, the wallet app was developed and is maintained by Coinbase and is available for both Android and iOS devices. It is easy to set up, features an easily navigable interface, and integrates a Web3 DAPP browser that lets you interact with different eth-based decentralized apps.

The app encrypts your private keys and stores them in your device, with the option of creating a backup on Google Drive. It also embraces the Secure Element technology in guaranteeing that not even Coinbase developers have access to your encrypted keys stored in your device. During wallet setup, you are provided with a 12-word seed phrase that comes in handy when recovering a lost wallet or moving the keys to another mobile device.

Pros

  • Features an intuitive and beginner-friendly user interface.
  • You can easily link the wallet with the Coinbase exchange to ease the crypto buying and selling process.
  • Embraces Biometric authentication i.e. fingerprints and face ID for secure logins and funds transfers.

Cons

  • Some users have complained about the high number of integrated features being overwhelming.
  • It is a hot wallet and susceptible to the inherent risks associated with online Bitcoin wallets.
Website:
Link
Country:
US
Transaction Fees:
0%
Currencies Available:
ERC20

5. Trezor Model T - Best for maximum security

Why Trezor Model T: Trezor Model T makes it here because it integrates the most security features of any hardware wallet.

Trezor Model T Overview

Trezor Model T is a second-generation hardware wallet developed by Satoshi Labs. It replicates most of the physical and operational features of the Ledger Nano S, safe for the fact that it is larger and embeds a touch screen. It also doesn’t have Bluetooth functionality, instead, it uses a USB type C cable to connect the device to computers and smartphones. Further, it integrates such third-party exchanges as Coinswitch and Shapeshift that one can use to facilitate crypto transactions.

Like Ledger Nano S, it allows you to further encrypt and backup your PIN and data to a MicroSD card. It has a 12-word seed phrase for backing up your wallet data and requires a PIN to even connect to the computer/phone via USB. Every time you input the PIN incorrectly, the wait time for the next trial is raised to the power of two.

Pros

  • You can use the inbuilt web-based interface and integrated exchanges to buy, sell, and swap Bitcoin and 1600 other cryptocurrencies supported by Trezor.
  • Trezor T is built on an open-sourced technology, allowing for vetting and code audit.
  • Uses multi-factor authentication for logins and crypto transfers.

Cons

  • Critics argue that these security features don’t justify its rather high price.
  • A number of users have complained that the Trezor Model T is too complex to set up.
Website:
Link
Country:
N/A
Transaction Fees:
0%
Currencies Available:
1791

10 Best Bitcoin wallets for 2021

Given the large number of crypto wallets in circulation today, finding the best for your Bitcoins can overwhelm even an experienced investor.

Finding a good wallet becomes especially hard when different they all integrate dissimilar but equally important features. How then do you settle with just one Bitcoin wallet when they all have different strengths?

To help you arrive at this decision, we will explain the different factors that PRO Bitcoin investors use when finding the best wallet. We will then narrow down this search by providing you with a list of what we consider to be the 10 best Bitcoin wallets today.

Read on.

What PRO Investors Look for in a Bitcoin Wallet

What do you consider a must-have for any Bitcoin wallet? Let us highlight some of the factors that exert Bitcoin traders and investors look for in a Bitcoin wallet and what you too should consider a must-have for any wallet:

  • Security: You need to look at what the Bitcoin wallet developer says and vet the wallet security thoroughly. In such a case, you will want to check if it is built on an open-sourced code, if it is hierarchically deterministic, its code has been audited, and if they have a standby team to check and fix bugs and loopholes. It is also important that the wallet embraces multi-factor authentication for logins and funds transfer.
  • Reputation: When vetting a wallet’s reputation you will want to know that it is developed by professionals of solid repute. You will also want to check if it has ever been hacked and if yes, the measures the developers took to prevent another breach.
  • Access to your coins: You must also check if the wallet is custodial (stores coins on your behalf) or non-custodial (encrypts the BTC coins and gives you control over them). You are better off with a non-custodial and where possible, go for one that stores these encrypted keys to your BTC offline.
  • Ease of use: After fulfilling all these features, the wallet should also be easy to use. It should have a highly intuitive interface that is easily navigable, making it easy to interact with for both beginner and professional BTC investors.

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