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Compare the best Bitcoin wallets in 2022.
A wallet is like a vault for storing your Bitcoin and keeping it safe. This page explains how they work, how to get one, and helps you find the best BTC wallets in 2022.
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This beginner’s guide helps you choose the best Bitcoin wallet for your needs. Learn about the different types and their unique features, and then get all your questions answered before you pick out which one works for you.
What are the best Bitcoin wallets?
The list below is a quick look at the best wallets. Afterwards find a more detailed breakdown of the best in each category.
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1. eToro: Best for beginners.
eToro’s Money wallet is simple to use and integrates with eToro’s excellent trading platform. It’s one of the most secure options on the market, as it uses DDoS protection and machine learning to protect your money.
With eToro Money you can easily transfer money from your trading account to the wallet. You can then buy or sell more than 50 cryptocurrencies from the wallet app itself. To download the eToro Money wallet you just go to the website and choose either the Android or Binance iOS option.
Key features.
Mobile app Online storage Exchange platform.
Why it’s best.
We rate eToro as the best Bitcoin wallet because it’s secure, easy-to-use, and makes online storage accessible to anyone who’s new to cryptocurrency.
Pros and cons.
The wallet is free to use Transfer existing eToro assets to the wallet in seconds The wallet is compatible with all the most popular cryptocurrencies No additional fees for sending or receiving crypto.
Can’t transfer crypto back to the eToro trading platform Still new and lacking some advanced features.
2. Coinbase: Best for exchange features.
Coinbase is second on our list because of how the wallet combines with its excellent trading platform. Existing customers can easily link the wallet to their account and access the Bitcoin they already own.
Along with BTC, the Coinbase Wallet supports every single ERC-20 coin. That puts hundreds of thousands of coins at your disposal, and you can use it to store NFTs too. All this in a self-custody wallet that puts control of your crypto entirely in your hands.
Key features.
Mobile app Cloud storage Exchange platform.
Why it’s best.
We rate the Coinbase Wallet because of the range of cryptos it can hold. You can buy and sell Bitcoin through the Coinbase exchange or use it to buy and store hundreds of other coins too.
Pros and cons.
The best place to buy, sell, and store Bitcoin all from one app Compatible with every ERC-20 coin Easily import from MetaMask and other compatible wallets.
No cold storage option.
3. Nuri: Best for advanced features.
Nuri is a top Bitcoin wallet that offers a great service to beginners and advanced users alike. Beginners can sign up for a free wallet that’s managed by Nuri, while more experienced users can take full control of the keys to your wallet.
The Nuri app also offers 3% annual interest on your Bitcoin through a crypto savings account. The payments are made weekly and you don’t have to lock up your coins, they can be accessed at any time. It’s also possible to spend money from your account through the Nuri debit card.
Key features.
Free to use Mobile app Automated tax report.
Why it’s best.
Nuri is the best option for buy bitcoin advanced users because it offers a self-custodial wallet so you can manage your private keys, and you can earn interest on your Bitcoin holdings.
Pros and cons.
Earn up to 3% annual interest on BTC Offers achoice between beginner and advanced wallets Free ATM withdrawals with a Nuri debit card.
1% trading fee on all transactions, plus blockchain fees Other platforms offer higher interest payments.
4. Wirex: best for spending Bitcoin.
Wirex is one of the best wallets for anyone who wants to use crypto to buy things. The Wirex wallet comes with a card that converts crypto to fiat at the point of sale and offers rewards paid every time you buy.
The Wirex wallet is an industry leader in the way it lets you take advantage of high percentage yields through staking. Access rates of 25% on crypto you own or swap between hundreds of coins on different blockchains, all from your Wirex wallet.
Key features.
Free to use Mobile app Wirex card.
Why it’s best.
Wirex is one of our top picks because it offers industry-leading rates of interest and the option to spend Bitcoin from your wallet.
Pros and cons.
Advanced encryption gives it extra security Earn 25%+ interest on the coins you hold Spend from your wallet with the Wirex card Compatible with the Bitcoin, Ethereum, and Solana blockchains.
Have to be paid in WXT to access the best rates Exchange isn’t as advanced as other platforms.
Our verdict.
There is an excellent range of Bitcoin wallets available, so the best choice depends on what’s most important to you. A platform with quality exchange features is ideal if you plan on buying and selling coins often. If you want to hold for the long term, and either save or spend your crypto, then look for top level security, a payment card, and high rates of interest.
Compare the best wallets.
Wallet Wallet type Cost Exchange? Does it pay interest? eToro Online Free Yes No Coinbase Online Free Yes No Nuri Online Free Limited Yes Wirex Online Free Limited Yes Key features for the best BTC wallets.
What is a Bitcoin wallet?
A piece of software or hardware that stores your cryptocurrency. While the word ‘wallet’ inspires an image of literal coins in your pocket, it’s best to think of it as an online banking platform instead. You log in with a password and are taken to an interface where you can manage your money.
In practical terms, your wallet stores two unique numbers: cryptocurrency the wallet address (essentially an account number), and a private key (like a pin code). To make any transaction on the blockchain you need to supply both numbers, so using a wallet just makes this process a lot simpler and adds an extra layer of security.
What should I look for in a wallet?
Like when it comes to choosing a bank, there are lots of factors to think about as you choose which platform to use. Here we have listed the most important ones, with some advice on how to use the information.
Security.
This is the most important factor, as extra security is the whole point of using a wallet rather than leaving your coins in your exchange or broker account.image

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