Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own.
Cryptocurrencies like bitcoin have been around for more than a decade, but in the past few years, they’ve moved beyond a niche investment to the mainstream. Companies such as Microsoft, Amazon, Starbucks, Whole Foods, Paypal, and countless others now accept bitcoin and other digital currencies as forms of payment.
Some of the best investment apps also offer cryptocurrency trading and market access to the crypto market.
Many of the best cryptocurrency exchanges offer an internal crypto wallet to store your digital assets, including bitcoin. But if the platform you’re using doesn’t provide secure storage, or you prefer to keep your crypto separate, you can open an external wallet.
The best bitcoin wallets offer secure storage for all types of crypto investors, accessible user interfaces, mobile access, and more. If you’re looking to invest in bitcoin or another cryptocurrency like ether or litecoin, you’ll need to pick an exchange (e.g., Coinbase or Kraken) that offers such assets, as well as a “crypto wallet” to store and secure your private key code for accessing your assets.
Table of Contents
The Best Bitcoin Wallets
- Exodus: Best overall
- BitBox: Best for beginners
- Electrum crypto wallet: Best for advanced users
- OPOLO crypto wallet: Best for Android users
- Mycelium crypto wallet: Best for mobile users
- Cobo crypto wallet: Best for digital storage
- Wasabi crypto wallet: Best for software storage
- CoinKite Crypto Wallet: Best for bitcoin-only investors
We’ve compiled some of the best bitcoin wallets for storing your private key code below as chosen by Insider’s editors.
Compare Bitcoin Wallets
Best Bitcoin Wallets Frequently Asked Questions (FAQs)
Best Bitcoin Wallet Overall
Why it stands out: Exodus offers cryptocurrency exchange services for desktop, mobile, and hardware crypto wallets. Exodus’ account features also include a multichain web3 wallet, live charts and portfolio data, 24/7 customer support, a built-in exchange, and more than 367 cryptocurrency assets and NFTs.
Exodus supports staking for onotalogy (ONT), oncology gas (ONG), cosmos (ATOM), tezos (XTZ), cardano (ADA), algorand (ALGO), vethor (VTHO), vechain (VET), and solana (SOL).
You can also buy commission-free cryptocurrencies like bitcoin, solana, and others with USD, EUR, and GBP. You can also manage your assets using Exodus and Trezor, another popular bitcoin wallet. You don’t need to use multiple wallets, but some users might prefer having multiple wallets as an additional security measure for their assets.
Exodus and Trezor’s partnership caters to those who prefer hardware security since you’d be able to securely manage your assets offline while simultaneously using the Exodus platform. Exodus typically receives 2-5% on each asset exchange, but the firm generally doesn’t charge you any fees to use its software.
What to look out for: Exodus mainly caters to hot wallet (software) users. It may not be suitable for the hardware-minded traders, unless you plan to use a Trezor device with the app.
Best Crypto Wallet for Beginners
Why it stands out: With BitBox’s BitBox02 hardware wallet, you can store your crypto private key and manage any assets offline through an external chip. It offers interactive touch features and an OLED screen for transaction details. The wallet supports bitcoin, ether, litecoin, and more than 1,500 other cryptocurrencies.
But BitBox also provides a bitcoin-only edition. This version could be a great fit for you if you’re only looking to store bitcoin. It relies on bitcoin-only firmware and offers compatibility with the BitBoxApp, Electrum, Specter, Sparrow, and Wasabi.
The BitBoxApp also gives you desktop access.
What to look out for: If you’re a fan of mobile access, you’ll only be able to use BitBox on Android devices.
Best Crypto Wallet for Advanced Users
Why it stands out: Launched just two years after bitcoin was created, Electrum specializes in private key encryption and two-factor authentication. Like Exodus, Electrum is a hot wallet that gives you online encryption for your crypto information.
Electrum verifies that all of your bitcoin transactions are in the bitcoin blockchain, and its Multisig feature allows you to spend bitcoin between multiple wallets. Electrum also supports other wallets, including Ledger, Trezor, and Keepkey.
In addition, Electrum says it offers several interfaces that you can use on mobile, desktop, or with its command line interface. However, with its cold storage offering, you can sign transactions from an offline computer, according to its website.
What to look out for: Electrum doesn’t offer traditional phone customer support. However, the company provides helpful information in its documentation and FAQ sections, it offers a Reddit support page, and it allows you to ask questions on bitcointalk.org. Another thing to note is that, while Electrum supports other wallets, it only allows for bitcoin transactions. This may be a downside for those interested in exploring other cryptocurrencies.
Best Crypto Wallet for Android Users
Why it stands out: Based in Luxembourg, OPOLO provides its own free and encrypted hardware wallets that utilize EAL 6+ rated secure chips (EAL certifications are security certifications used for hardware wallets). This means you’ll be able to store any crypto assets offline. OPOLO also says it offers genuine device checks, USB encryption, anti-theft protection, PCB encapsulation, randomized keyboard access, and virus-free usage.
You can set up bitcoin wallets, Ethereum wallets, or take advantage of more than 120 other coins. As for tokens, OPOLO currently offers more than 200,000. And thanks to the company’s security measures, its bitcoin hardware wallet allows you to backup and recover any assets.
OPOLO’s mobile app is only available on Android devices, but the wallet is also available on Mac, Windows, and Linux for users with desktops or laptops.
What to look out for: Keep in mind that the OPOLO mobile app is best for Android users. If you don’t have an Android phone, you can still download the OPOLO hard wallet on your desktop or laptop. With Android app, however, you’ll be able to exchange cryptocurrencies from your phone.
Best Crypto Wallet for Mobile Users
Mycelium crypto wallet
Why it stands out: Mycelium is another popular bitcoin wallet that offers a wid