In this article, we will discuss BTC wallets or Bitcoin wallets. Almost all the wallets out there support Bitcoin but we have selected some of the best Bitcoin mobile wallets for you that provide privacy, security, and transparency. We will evaluate these wallets based on the properties below.
- Control — Bitcoin is all about taking control of your wealth which means that only you have the sole access to your private keys.
- Validation — To get control of the validation process, you need to run a Full Bitcoin node and send and receive transactions through it. Most of the BTC wallets use SVP with the Bitcoin network. It means you need to put little trust in third parties.
- Transparency — Complete transparency means a deterministic wallet with open source codebase so anyone can audit these wallets to verify the final software.
- Environment — Only hardware wallets provide a robust and secure environment. The wallets which load on your mobile or desktop are as safe as your device. Web wallets load on remote locations, this means you need to trust third parties.
- Privacy — Most BTC wallets provide basic privacy features such as rotating bitcoin addresses for every transaction. When sending payment through your wallets, network peers can log your IP address, which can be used to match your payments. Privacy-focused wallets allow you to run a tor node that hides your IP.
- Fees — Crypto wallets determine the fee based on the current Bitcoin network status, so your transactions can be processed on time. But some wallets also implement features like RBF (Replace by fee) or CPFP (Child pays for the parent), which gives you the complete control of transaction fee.
Read about different types Crypto Wallets
Best Bitcoin Mobile Wallets
1. BRD Wallet
BRD is a multicurrency wallet. It has a simple interface with built-in hardware encryption to secure your cryptocurrencies.
The wallet is open source and built deterministically. It uses SVP with the Bitcoin network and provides basic privacy features.
BRD is best for Bitcoin beginners and it also allows you to buy and sell Bitcoin using fiat and you can also swap your Bitcoin with other altcoins and vice-versa.
Main features
- Complete Transparency
- Built-in hardware encryption
- Uses SPV with Bitcoin network
- Full control over your Bitcoins
- Basic privacy
- Implements RBF or CPFP
- Supports multicurrency
- Available on Andriod and IOS
- Buy, sell Bitcoin using fiat
- Swap Bitcoin with other altcoins and vice-versa
2. Bitcoin Wallet
The Bitcoin wallet is one of the oldest Bitcoin-only wallets. Maintained by Andreas Schildbach wallet gives you complete control of your Bitcoins.
This wallet is open-source and deterministically built hence providing complete transparency. It’s an SPV wallet and implements RBF and CPFP, providing you full control over the fee.
It is best suited for non-technical people who want a Bitcoin-only wallet.
Main features
- Complete Transparency
- As secure as your mobile device
- Full control over your Bitcoins
- Basic privacy
- Implements RBF or CPFP
- Bitcoin only SPV wallet
- Only available on Andriod
3. Eclair Mobile
Eclair is a Bitcoin-only wallet with the support of Lightning-network and it allows you to back up your encrypted keys on Google drive.
The wallet doesn’t implement RBF or CPFP but provides dynamic fee suggestions that help in processing transactions based on current Bitcoin network status. The wallet is open source but not built deterministically.
Eclair is best for Bitcoin enthusiasts who want to use the Lightning network.
- Complete control over your Bitcoins
- Basic Transparency with open source codebase
- Uses SPV with Bitcoin network
- Basic privacy
- Support dynamic fee based on the current network status
- Bitcoin only wallet with lightning network support
- Only available on Andriod
4. Edge Wallet
Edge is a multicurrency wallet with a basic interface. It is open-source, allows custom Bitcoin nodes, and provides basic privacy features. The Edge wallet is Segwit compatible, which provides better transaction privacy and decentralization.
It creates an account on the device which will be used to unlock and restore your wallet but do not provide your private keys, though private keys and account information never leave your device.
Edge wallet also allows you to buy and sell Bitcoin using fiat and swap your Bitcoin with other altcoins and vice-versa. It is a good alternative for the BRD wallet but does not provide the same user experience.
Main features
- Segwit compatible
- Allows custom Bitcoin full node
- Complete control over your Bitcoins
- Basic privacy and transparency
- Supports multicurrency
- Available on Andriod and IOS
- Buy, sell Bitcoin using fiat
- Swap cryptocurrencies
5. Electrum Wallet
Electrum is a Bitcoin-only wallet build for technology enthusiasts. And the wallet supports a lot of advanced features such as Multisig wallet, Segwit, and remote Bitcoin node.
With the Electrum wallet, you can add your Bitcoin full node that means you will have complete privacy and control of your transactions.
Electrum also has a desktop version but is available on only Android for mobile devices.
Main features
- Multi-signature wallet support
- Support Segwit
- Implements RBF or CPFP
- Allow adding remote Bitcoin node
- Complete control over your Bitcoins
- Basic privacy and transparency
- Supports multicurrency
- Available on Andriod
Wrapping Up
When you take control of your wealth, it becomes your responsibility to secure it. So whenever you use a wallet, ensure the security of your passphrase and other things like password, pin, etc.
Did you like our picks of BTC wallets?
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