Open source wallets are considered to be the best option for Bitcoin because they provide flexibility and security. They are also easy to use, which makes them ideal for people who are new to Bitcoin. Open source bitcoin wallets are built to provide the user with complete control over their funds. Whether you’re looking for a desktop wallet, a mobile wallet, or a web wallet, these wallets have you covered.
In this article, we will recommend five of the best open source bitcoin wallets available today. Each wallet has its own unique features and advantages, so it’s important to choose the right one for your needs.
Best Open Source Bitcoin Wallets
Copay provides the double advantage;
- It’s an open source bitcoin wallet.
- The Copay server is also open source.
This means that while you are free to set your own security settings, you can also control bitcoin activities, giving you complete control over how you decide to engage with your crypto balance.
Since you have total control over your bitcoin wallet and other transactions, Copay gives you the freedom to not trust third-party software and solutions.
Armory is a computer-based wallet that you can use to save and store your bitcoin balance on the system privately. The same open source bitcoin wallet is also used to produce (mine) bitcoin.
For better security and confidentiality, Armory has multi-sig and cold storage features. Since it’s a computer-based solution, you can set it up offline. You can, however, use the watch only feature, allowing you just to view the account online, and that’s just it.
Electrum is an open source bitcoin wallet released under an MIT license. It represents a mix of a user-friendly wallet platform plus expert functionality. The wallet allows you to have private keys and provides cold storage facility along with multi-signature functionality.
While providing all these features, Electrum is known to take up the minimum bandwidth and processing space of the system. Plus, you can use it on a wide variety of operating systems and devices. This includes Windows, iOS, Android, macOS, and Linux.
mSIGNA is also released under the MIT license and is popularly used for completing transactions on the bitcoin network. The software is compatible with Windows, Linux, and macOS platforms.
With mSIGNA, you can create offline keys for better protection and store them offline. With this, the open source bitcoin wallet is also super user-friendly and is a versatile system.
If that’s not all, you can also enable multi-device synchronization and encrypted backed-up data with the same solution.
Bisq is a P2P application and wallet allowing users to store, buy, and sell bitcoin for fiat currencies. With Bisq, users can bring their bitcoin transactions to the mobile phone with assured security and support.
It is a widely known fact that the security of your coins is of utmost importance. The five best open source bitcoin wallets that we have shared in this blog are secure, easy to use, and feature-rich. You can easily download or install the one you want, start using it, and make bitcoin management easier and more secure.