The Top 10 Best Bitcoin-Only Software Wallets That You Can Use in 2023
Securely storing your bitcoin assets is one of the most important considerations when owning bitcoin.
Continue reading to find out the top Bitcoin-only software wallets that you can use for keeping your coins safe.
What are Bitcoin-Only Wallets and How Do They Work?
You can store bitcoin securely in bitcoin-only wallets. They also allow you to send and get bitcoin in the same way you would manage fiat currency in your bank account.
One of the two main categories of Bitcoin wallets is the cold and hot ones, which are software wallets that only accept Bitcoin. This article will focus on software wallets which are hot wallets.
There are three types of Bitcoin software wallets: web, mobile and desktop. Web wallets can be accessed online through any web service. Mobile wallets and desktop wallets can only be accessed via mobile devices and desktops. You can also access hybrid wallets on multiple platforms.
Best Bitcoin-Only Software wallets
Let’s now take a look at the top Bitcoin-only wallets that you can use on your smartphone and desktop. The list has been divided into wallets that only support Bitcoin Lightning Network and wallets that also support it.
Bitcoin Wallets on-Chain
These are the best on-chain Bitcoin wallets that you can use.
Bitcoin Core It is a full-node Bitcoin wallet that validates transactions, and then relays them to Bitcoin network. It is completely open-source. This means that any software developer can inspect the code and verify that it doesn’t conceal secrets. It also gives users full control over their BTC so that no third parties can gain access to their assets. However, users are still responsible for protecting and backing up their wallets.
Bitcoin Core is a full-node Bitcoin wallet. This ensures that transactions are verified by only Bitcoin Core. The software can be loaded on vulnerable devices, so users should secure their devices with two-factor authentication.
It requires a large space of approximately 500GB, with an additional 5-10GB per monthly. All this data must be stored by the user, but it is possible to reduce it to 6GB by using pruning.
- Full node validation
- Great privacy
- Great user interface
The Samourai wallet It is one of the most feature-rich Bitcoin software wallets, with a unique focus in privacy and security. This wallet was created by privacy advocates. It is currently only available for Android devices. However, plans are in place to launch an iOS Samourai wallet app.
It’s a software wallet but it works under any network conditions. The app also supports full offline mode which increases security. It supports Taproot, the upgrade to Bitcoin’s Taproot network that improves bitcoin for layer 2 and multi-signature protocols.
The Samourai wallet also has other notable features, such as:
- Smart miner fees estimation
- Dojo Bitcoin full node server
- Stonewall provides protection for clusters
- PayNym first-touch wallet address protection
- Batch spending
- Scrambled pin
- Whirlpool bitcoin transaction cycle
- Stealth mode allows you to hide your wallet from your device.
- Ricochet protection against account closures without cause
Sparrow This is a desktop wallet that only accepts bitcoin. It was designed with security and privacy in mind. The source code of the wallet is made public by developers so that any developer can inspect it. Additionally, the wallet provides detailed information on transactions and UTXO. Users must still trust the developers of the wallet when updating or installing the software.
It can communicate with hardware wallets and supports both single- and multisignature script types. The wallet can also be connected to an Electrum server or the Bitcoin core, which requires trust in a third party for verifying transactions. It also includes a transaction editor as well as a blockchain explorer.
Sparrow allows users to have full control over their assets as well as fees. Sparrow rotates addresses to make it difficult to spy on transactions and prevents information disclosure by other network users. Tor can be activated, which prevents attackers or internet providers from associating payments and IP addresses.
- Multisig support is available for both single and multiple sigs
- Strong encryption
Inaugurated in 2018 Wasabi This is a non-custodial, open-source Bitcoin wallet that was created by zkSNACKs. It’s a non-custodial, open-source wallet that is compatible with Linux, MacOS and UBUNTU. It is built using a trustless design so developers and the public can’t access your wallet’s privacy. It is a completely zero-knowledge software wallet that bitcoin.
It also includes CoinJoin which blocks filtering and communications through the Tor network. WabiSabi is an anonymous credential scheme that allows for more efficient and easily accessible CoinJoins.
- Absolute transparency
- It is simple to use
- Great privacy
- Coinjoining at a low rate of 0.3% (For coins that have a value greater than 0.01 BTC).
Lightning Network Supported Bitcoin Wallets
Let’s now take a look at Bitcoin wallets that support LN.
Bitnob This wallet is made in Africa and allows for easy connection to the Bitcoin blockchain. You can select to save Bitcoin daily, weekly or monthly.
It is simple to set up, and it supports many African currencies and payment methods.
- Supports Bitcoin and local African currencies
- Local currency settlements with Bitcoin
- Woocommerce plugin Bitnob
Breez This wallet is specifically designed for the Lightning Network.
Breez will create a lightning network wallet automatically when you receive your first Bitcoin. Merchants can also accept Bitcoin payments through the wallet. The wallet also offers easy backup options making it a popular wallet for Bitcoin beginners.
- Point of sale function for merchants
- Podcasting 2.0 tab
- Backup easy
- Lightning apps available
Blue Wallet Launched in 2017, the wallet is a Bitcoin-only wallet. It has a minimalistic and user-friendly design.
However, it is a rich platform with many features. It uses multisig vaults, which are one of the most secure securities for Bitcoin protocol. In the event of a forced disclosure, you can create multiple storages.
Blue Wallet can also be connected to hardware wallets, allowing users the ability to manage their cold vaults. Transactions are quick and cheap, and you can choose your fees for transacting. All transactions made on the wallet are also notified to users.
- Plausible deniability
- Multisignature vaults
- Watch-only wallets
- Advanced mode for more experienced users
- Transaction control with fee adjuster
The Electrum Bitcoin wallet Available for desktop and mobile users who are looking for speed and simplicity.
Open-source software for the wallet is available to developers. Remote servers are available to handle the most complicated parts of Bitcoin’s network. You can use a secret phrase to retrieve your wallet from them. It can also be linked to other wallets, so you can connect the Electrum wallet to major hardware wallets.
Users can select a customized system for security. You can choose from multi-signature, two-factor or standard security systems. The wallet’s intuitive layout makes it easy to use. It is easy to check your transactions and access other functions within the app.
- Personal security
- It’s fast, easy, and secure
- Compatibility of hardware wallets
Muun This wallet is non-custodial and ideal for both beginners and experts in Bitcoin. You can create an account with the wallet and then back it up. Only you have access to the backup. Your backup data will not be stored by Muun. For additional security, you can adjust the security settings of your wallet under security tabs. You can also create three backups.
It supports both the Bitcoin mainchain and the Lightning Network. The 2-of-2 multisignature feature provides unparalleled security for your digital assets. Outgoing transactions must be validated using two keys instead of one. The Emergency Kit has both keys and one of them is kept in your phone. Muun will soon have a feature that allows users to lock their wallets until receiving a new phone.
- Multi-factor authentication
- Code for cold recovery
- Multiple backup options
- Estimator of mempool-based fees
The Satoshi’s wallet It is a mobile custodial and mobile wallet that focuses on simplicity. To get started with the wallet, you only need to download the iOS or Android app. Then, send or receive bitcoin instantly via the lightning network.
- Simple design
- There are many top-up options
You can also see our top software wallets list. Hardware wallets that are bitcoin-only! If you need to store large amounts, a hardware wallet is recommended. A software wallet, like the ones listed above is intended to store your daily spending bitcoin.