There are many different types of Bitcoin wallets, each with its own pros and cons. If you are just getting into Bitcoin, we recommend downloading a free mobile wallet to test out. We like Muun on mobile. (Note: Bitcoin wallets are not Bitcoin exchanges. They do not give you USD. If you wish to sell your Bitcoin back for USD please contact us instead). As you learn more about Bitcoin, you will want to move your Bitcoin into more secure setups that do cost money or take longer to learn to use.
In short, if you have:
Small amounts (~0.1% net worth) — use a Mobile Bitcoin Wallet
- Muun Seamlessly integrates Bitcoin and lightning for (beginner)
- Hexa Great features like multiple accounts, custom fees, batch sends (intermediate)
- Samourai Best privacy-focused mobile wallet (Android only) (advanced)
Medium Amounts (~1-30% net worth) — use a Hardware Bitcoin Wallet
- Trezor More user-friendly with a built-in software suite (beginner)
- Coldcard Most advanced security features (advanced)
Large amounts (more than 30%+ net worth) — use a Multisig Bitcoin Wallet
- Casa Keymaster Multisig Good customer service and easy-to-use interface (beginner)
- Specter Do-it-yourself set up that preserves privacy (advanced)
For a more detailed explanation of wallets and their tradeoffs read this blog post.