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 and tell us exactly how much you wish to sell). As you learn more about Bitcoin, you will want to move your Bitcoin into more secure setups, like cold storage, that may 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)
- Blockstream Green (intermediate)
- Hexa Great features like multiple accounts, custom fees, batch send (intermediate)
Medium Amounts (~1-30% net worth) — use a Hardware Bitcoin Wallet
- Trezor More user-friendly with a built-in software suite (beginner)
- Blockstream Jade Bitcoin-only and the least expensive hardware wallet
- Coldcard by Coinkite The most secure Bitcoin-only hardware wallet (advanced)
Large amounts (more than 30%+ net worth) — use a Multisig Bitcoin Wallet
- Specter Do-it-yourself setup that preserves privacy (advanced)
- Sparrow Simple interface for single-signature or multi-signature
For a more detailed explanation of wallets and their tradeoffs read this blog post.
For more information on Bitcoin's technical underpinnings, you can read this free introductory book.