Review of the Top Bitcoin Wallets That Gives You Extra Protection(Part -2)

14 Jul, 2017 | 2 comments

top bitcoin wallets

In my last post, I mentioned a few of the best Bitcoin wallets that can add safety to your Bitcoin funds. Without a Bitcoin wallet, it won’t be possible for you to send or receive funds, and hence, a number of wallets are generated to secure your Bitcoin money and prevent access to hackers. So in this post, I am continuing with the list of top Bitcoin wallets and reviewing another set of wallets.

Top Bitcoin Wallets

GreenAddress

GreenAddress is the first of the top Bitcoin wallets I am discussing today. It provides improved security to your Bitcoins and limits you from spending and limiting transactions. The wallet allows you to login in watch-only mode via custom login and without compromising security and privacy. It supports 2-factor authentication per transaction with uncompromised protection. GreenAddress supports multi-signature and encrypts your private keys. Meanwhile, they make it insignificant to view and transfer your funds.

top bitcoin wallets

With enhanced security, you can seamlessly transfer funds with public WiFi networks, and even check your balance without logging into your wallet. You can enable quick PIN login to your wallet from any device and without using your passphrase. Each and every transaction made from your wallet will generate a new address every time and make it tougher for people to read your previous and future transactions.

Summary of features:

  • Supports quick login in ‘watch-only mode’ via custom login.
  • Provides improved security and privacy to your Bitcoins.
  • Supports 2-factor authentication per transaction.
  • Multi-signature support.
  • Never stores your private keys.
  • Generates a new address per transaction.
  • Easy paper wallet backup via BIP39 mnemonics.
  • Hardware wallet support such as Ledger, Trezor, and KeepKey.

Supported platforms: Android, iOS, Google Chrome.

Mode: Software or online application as GreenBits client.

Price: Free.

SpectroCoin

SpectroCoin is a simple and user-friendly and it is counted in the list of top Bitcoin Wallets. This wallet secures your Bitcoins and supports built-in instant exchange to avail financial freedom. It lets you trade on the go, and can be used from any global place. SpectroCoin protects your wallet with advanced authentication methods so that no second person can get access to it. About 99% of the digital currency is stored in protected offline cold storage vault to secure your funds.

bitcoin wallets

You can enjoy full access to blockchain wallet and manage your Bitcoin addresses linked to your SpectroCoin wallet. The app lets you transact funds from anywhere using your mobile phone, and also shows the current exchange rates to make your transactions easier.

Summary of features:

  • Supports integrated instant exchange and offers financial freedom.
  • Keep your wallets protected by advanced authentication methods.
  • Keeps 99% of the digital currency stored and protected in offline storage to secure funds.
  • Gives full access to blockchain wallet and lets you manage your Bitcoin addresses to your SpectroCoin wallet.

Supported platforms: Android, iOS, Windows Phone.

Mode: Software or online application.

Price: Free.

MyCelium

MyCelium securely stores your Bitcoins and lets you manage multiple accounts. This app has been awarded as the ‘Best Mobile App’ wallet in 2014 because of its ability to trade Bitcoins while benefiting from bank-grade security. MyCelium enables you to create backups at one place using a master seed to derive future Bitcoin addresses consecutively.

top bitcoin wallets

MyCelium uses an open protocol called BIT ID that allows secure authentication and single address accounts, allowing you to securely store huge funds by erasing the private key from the device, and importing it back when required. It also supports integration with major services and tools like Trezor, Ledger, Cashila, etc. Not only this, your chats will also keep encrypted using your Bitcoin keys.

Summary of features:

  • Gives full control over your private keys and prevents leaking out unless you export them.
  • HD (Hierarchical Deterministic) enabled, lets you manage multiple accounts and never reuse the same addresses.
  • Watch-only addresses and private key import for offline storage integration.
  • Secure your wallet with a PIN.
  • Supports other Bitcoin services through Bitcoin: URI
  • Use the Local Trader feature and find other Bitcoin traders in person.
  • Improved security and privacy.
  • Supports external tools and services like Ledger, Trezor, KeepKey, etc.

Supported platforms: Android, iOS.

Mode: Software or online application.

Price: Free.

Airbitz

If anyone asks me what are my top Bitcoin wallets? Airbitz will definitely one of my favourites. It keeps your Bitcoin keys encrypted and protected from malware. This prevents any 3rd party to access your data and money, and you get full financial privacy. It’s HD wallets change addresses per transaction. Airbitz limits your spending with the help of a PIN or password, and your wallets will work with the help of its decentralized server architecture even if the Airbitz servers are down.

best bitcoin wallets

Airbitz supports 2-factor authentication to secure your wallet and enables you to instantly switch accounts with username drop-downs. You can also sync multiple devices, and use multiple wallets per account. Airbitz supports more than 140 currency exchange rates and allows paying with QR codes. It also includes an inbuilt calculator to view the current exchange rates.

Summary of features:

  • Zero access to user funds or transaction data by Airbitz or other 3rd parties.
  • Pay using Bluetooth.
  • Automatic encrypted wallet backup to redundant peer-to-peer cloud servers.
  • Supports 2-factor authentication.
  • HD wallets with changing addresses per transaction.
  • Supports 140+ currency exchange rates.
  • Inbuilt
  • Configure daily spending limits.
  • Instant 2-tap UI to transfer funds between wallets.
  • Decentralized server architecture to make your wallets work even when Airbitz servers are down.
  • Supports BIP 70 payment protocol.

Supported platforms: Android, iOS.

Mode: Software or online application.

Price: Free.

Electrum

Electrum encrypts your private keys and supports 2-factor authentication with Electrum and Trustedcoin. It signs your transactions from an offline computer and broadcast them in a device that never stores your private keys. It supports the popular hardware wallets such as Trezor, KeepKey, and Ledger. Moreover, it supports various devices, using the command line interface.

electrum bitcoin wallet

You can split permission to spend your coins between several wallets. It ensures that your transactions are within the Bitcoin blockchain. Electrum is free software which is released under the MIT License. Not only this, it verifies that your transaction history is using SPV (Simple Payment Verification).

Summary of features:

  • Encrypts your private keys.
  • Export your private keys and use them in other Bitcoin clients.
  • Keep your private keys in cold storage.
  • Recover your funds from a secret phrase.
  • No downtimes.
  • Supports multi-signature.
  • Proof-checks your transaction history using SPV.
  • Supports third-party plugins and hardware wallets.

Supported platforms: Android, Windows, Mac, Linux.

Mode: Software or online application.

Price: Free.

Hope this list helps you determine the best Bitcoin wallet of your choice. Our next list will be ready soon.