Listicles

9 Most Secure Bitcoin Wallets and Cryptocurrency Wallets

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Image Credit: @simonrae

You’re here for the best and most secure Bitcoin and cryptocurrency wallets you can use. But before we dive into that, here’s a quick reminder of the different wallet types:

  • Hot wallet: A hot wallet has a direct connection to the internet and is usually online.
  • Online web wallet: Like a hot wallet, only accessible via the internet.
  • Desktop wallet: Desktop wallets (also known as software wallets) install to your computer and allow offline management.
  • Mobile wallet: Mobile wallets install to your smartphone, are often a hot wallet, and allow mobile management.
  • Hardware wallet: Hardware wallets are portable physical devices with strong encryption.
  • Cold wallet: A completely offline wallet that only receives cryptocurrency.

You will need to store your cryptocurrency in one of these wallet types. Are some safer than others? Well, yes. An offline cold wallet is more secure than an online hot wallet, but they also serve different purposes (long-term storage vs. quick transaction access).

Here are some of the safest and most secure Bitcoin wallets. Many of these wallets also support thousands of other cryptocurrencies, so you can diversify your portfolio without buying or installing another wallet.

1. Electrum

electrum cryptocurrency wallet send page

Supported cryptocurrencies: Bitcoin.

Electrum is one of the oldest wallets available to Bitcoin users. You create your wallet private encryption key using a seed containing 12 to 24 words. This gives your private key a strength between 128-bits and 256-bits, making it very difficult to crack.

A seed phrase is also a recovery tool; forget your password and the seed phrase is the only thing that will bring your wallet (and its contents) back. Furthermore, your private key encryption type is AES-256-CBC. In simple terms, it is very strong.

Also, Electrum has multi-signature support, support for two-factor authentication (2FA), decentralized servers (meaning no downtime), as well as support for offline cold storage and USB drive installation.

2. Jaxx

jaxx cryptocurrency wallet exchange page

Supported cryptocurrencies: Bitcoin, Ethereum, Ethereum Classic, Litecoin, Bitcoin Cash, Dogecoin, and over 50 others.

Jaxx is another popular secure Bitcoin wallet. Part of Jaxx’s popularity stems from the vast range of cryptocurrency token support found in a single software wallet, allowing users to manage large portfolios from a single location. (How many cryptocurrencies are there, anyway?)

But it isn’t just that. Jaxx uses a 12-word seed to create your wallets’ private encryption keys, giving them a strength of 128-bits.

As well as this, Jaxx doesn’t store any user information, private wallet data, or funds on centralized servers, storing all information on your system.

3. Mycelium

Bitcoin Basics: How To Set Up Mycelium Wallet & Live Transaction Demo

Supported cryptocurrencies: Bitcoin.

Mycelium is one of the best Bitcoin wallets for Android, period. It even won the “Best Mobile App” award from Blockchain.info in 2014, while the app receives excellent Google Play Store reviews.

Mycelium receives such plaudits for a few reasons. One, it is open-source, meaning you can check its source code for bugs and vulnerabilities.

Second, it features a long list of security features vital to protecting your cryptocurrency on a smartphone. These include cold storage functions, PINs, control over your private encryption keys (enabling wallet backup and key deletion/restoration), and multiple account management.

Furthermore, Mycelium uses a master-seed method, whereby all your wallets relate to your initial seed, meaning you only have to back up once to restore all your wallets. However, while you can set the app to use a PIN on opening, it doesn’t feature 2FA or multi-signature support.

There is an iOS app, but it is no longer under development; there are reports of users losing their wallets. The Android app sees regular updates.

4. GreenBits

Green Address Bitcoin Wallet - Segwit, RBF, 2FA, Multisig and More

Supported Cryptocurrencies: Bitcoin.

Where Mycelium is feature-packed, GreenBits takes a minimalist approach to the user interface. But that doesn’t mean it skimps on the security; if anything, it is more secure than Mycelium and many of the other mobile bitcoin wallets on the market.

GreenBits uses a 24-word seed to give your wallet private encryption keys 256-bits of strength. GreenBits uses 2FA, has multi-signature support, and supports recovery transactions in the event anything goes wrong.

Furthermore, you have full control over network fees, meaning you can set them as low as you like. Add in wallet cycling (to stop snooping) and the ability to use Tor as a proxy and GreenBits is a secure cryptocurrency wallet with a privacy focus.

The GreenBits app remains secure using a PIN. You will create this PIN when you first start the app. Afterward, you’ll receive a PIN prompt each time the app starts. If you enter the PIN wrong three times, the app deletes your encryption key, meaning the only recovery is your 24-word mnemonic. Without that, there is no hope—so make sure to copy it to a safe location.

5. Blockchain

blockchain cryptocurrency bitcoin wallet

Supported cryptocurrencies: Bitcoin, Ethereum.

The company operating one of the most significant bitcoin blockchain checking and analysis platforms also runs one of the most secure bitcoin wallets, too. The Blockchain Wallet is safe, easy to use, and supports a vast range of fiat currencies.

The Blockchain wallet uses a 12-word backup phrase to protect your wallet, acting as a backup to ensure access to your funds. Likewise, encryption takes place on your device, meaning your wallet’s private encryption keys never leave your possession and only you have access to the wallet. This also means you can take backups as and when you need them, while Blockchain creates server-side backups using strong encryption.

Other security features include 2FA, PIN protection, paper wallet imports, as well as submitting the wallet code for regular security audits.

6. Trezor

Trezor - Initial Setup & First Bitcoin Wallet Transactions

Supported cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, ERC-20 tokens, and many others.

Trezor is a hardware wallet. It operates as a type of secure cold storage. You transfer your Bitcoin or other cryptocurrencies to the device using the Trezor interface, accessible from macOS, Windows, Linux, and Android. The interface is easy to use, listing your coins and recent transactions.

For security, the Trezor uses a 12-to-24-word seed for protection and recovery, along with a user-defined PIN. Furthermore, it is possible to add an encrypted passphrase to your Trezor for another layer of security, or even setup hidden wallets containing the majority of your Bitcoin fortune (alas, you still leave yourself open to a $5 wrench attack).

7. Ledger Nano X

Ledger Nano X: How to start using your device

Supported cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, ERC-20 tokens, and thousands more.

This secure Bitcoin wallet is another hardware wallet, the Ledger Nano S. The follow-up to the popular Nano S, it acts as a sort of cold storage, allowing you to transfer Bitcoin and other cryptocurrencies to the device using another computer.

As with many of the other wallets on this list, the Ledger Nano X uses an offline 24-word recovery phrase (including a handy piece of paper to write it all down on in the box). Once you confirm your recovery phrase, you’ll create a secure PIN.

The Ledger Nano X remains safe from malware on other devices you connect to by way of cryptographically secure dual microchips; the Ledger Nano X is its own secure environment.

One slight downside is the lack of passphrase support, but overall, the Ledger Nano X is a very secure hardware wallet. In fact, using a secure hardware wallet is one of the best ways to stop thieves from stealing your cryptocurrency.

8. Exodus

Exodus Wallet (Bitcoin, Ethereum Wallet)

Supported cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, XRP, and 100s more supported assets.

Exodus is a secure and beautiful desktop Bitcoin and cryptocurrency wallet. It is a pleasure to use and look at, and the makers claim it is “the world’s leading desktop cryptocurrency wallet”.

What sets Exodus apart from other wallets is its focus on user experience. It provides extensive information on your crypto assets and makes it easy to trade cryptocurrencies. Exodus provides you with the information you need and makes it easy to find what you’re looking for.

The Exodus desktop application does not use any hosted centralized servers. You remain in complete control of your cryptocurrencies, and you keep your private keys on your computer.

If that’s not enough, the Exodus mobile app is available on both Android and iOS devices and provides the same sleek interface you’d expect from such a beautiful desktop application. While the mobile applications support fewer assets, the makers are always improving them, and they and support a 12-word seed phrase.

9. UNSTOPPABLE

Unstoppable - Bitcoin Wallet Walkthrough

UNSTOPPABLE is a non-custodial, decentralized crypto wallet for smartphones. It is available on Android and iOS.

We think three key features help it to standout:

  • Ease-of-Use: UNSTOPPABLE is probably the most user-friendly non-custodial app on the market. It is designed for non-blockchain users.
  • Multi-Blockchain Wallet: It is one of the only mobile non-custodial wallets that supports the Bitcoin, Bitcoin Cash, Ethereum, Dash, EOS and Binance DEX blockchains.
  • Fully Standard-Compliant: UNSTOPPABLE supports the BIP44, BIP49, and BIP84 standards.

Keep Your Cryptocurrency Secure!

It goes without saying, but please, keep your Bitcoin and other cryptocurrencies secure. One of the single most important security tips regards your recovery phrases. If you have your recovery phrase written down, in a secure place, you at least stand a chance of recovering from a forgotten password or misplaced/deleted wallet.

Otherwise, remember to double- and triple-check that the wallet you’re sending to actually accepts the cryptocurrency! A lot of Bitcoin and other cryptocurrencies have disappeared due to misunderstood wallet support. It’s one of the most common cryptocurrency mistakes people make.

Interested in smartphone crypto wallets? Check out the best mobile crypto wallets for Android, or the best mobile crypto wallets for iOS.

We earn commission if you purchase items using an affiliate link. We only recommend products we trust. See our affiliate disclosure.

Joe Coburn
Joe is a senior software developer with a degree in computer science from the University of Lincoln, UK. He is currently a Senior Writer for Blocks Decoded. Formerly, he was on the editorial team. As a writer at MakeUseOf, Joe has seen his work shared by Adobe, the Arduino Foundation, and Lifehacker. He has collaborated with Anker, BenQ, iStock, Ledger, Ultimate Ears, and many more. Joe loves all aspects of blockchain and cryptocurrencies, particularly the technical details.
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1 Comment

  1. I would also add a wallet to this list https://bitcoinofficial.org

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