The 5 Most Preferred Bitcoin Open-Source Wallets in 2020
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The 5 Most Preferred Bitcoin Open-Source Wallets in 2020

July 21, 2020      Cryptoknowmics

Open-source crypto wallets play a crucial role in boosting the safety and credibility of a blockchain network. As these products are created via community efforts, their ownership doesn’t rest with an individual or a group but with the entire community that has built it. Bitcoin itself is one of the best examples of open-source software as there is nobody who owns it. It has a public design and everyone is free to trade it. So, if the concept of open-source Bitcoin wallets amuses you, this blog is for you as it will help you find out the 5 best Bitcoin open-source wallets that are killing it in 2020.


1. Mycelium

Mycelium is a mobile-exclusive software wallet and inarguably the best Bitcoin Opensource web wallet platform offering 100% compatibility to Bitcoin. Although you won’t be able to use it with other cryptocurrencies currently, it is being consistently developed. Also, it might appear a little complicated to the new users initially but the advanced options it has got will certainly appeal to the seasoned Bitcoin users and owners. Moreover, its accessibility and fast transactions make it a favourite amongst all serious crypto users.


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2. Copay Wallet

Copay Wallet has an open-source server, which gives Bitcoin developers and holders complete control over their activities. It is a highly secure and private wallet that supports Bitcoin and Bitcoin Cash. Also, it is a multi-signature wallet and allows the users to use multiple wallets within the same application. It is compatible with various platforms like iOS, Android, Mac, Linux, and Windows. What sets it apart from other wallets is that it also allows the purchase and sale of Bitcoin and gift card. Moreover, it supports hardware wallets like Ledger and Trezor. 


3. BreadWallet

The open-source Bitcoin wallet, BreadWallet, was designed by the Bread company in 2015. It has a simple interface and its ability to directly connect with blockchains paves the way for quick transactions. It is meant for mobile platforms and supports multiple cryptocurrencies like Ethereum, Bitcoin Cash, and Bread Coin, apart from Bitcoin. It is available on Android play store and Apple store.


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You can use Bread Wallet to purchase Bitcoin within the wallet. A possible limitation of the Bread Wallet is its lack of multi-signature ability. Also, it can’t activate the 2-factor authentication. However, you can use it for free and connect directly with Bitcoin blockchain.


4. Jaxx

Jaxx is another open-source Bitcoin wallet that also supports multiple cryptocurrencies like Ethereum, Litecoin, Zcash, DASH, and ERC20 tokens. You can use it with Windows, Android, iOS, Firefox, Linux, and Chrome. Compared to other wallets, it is safer as it uses a 12-word master seed, through which you can recover your funds if there’s a system crash. Another plus point is that it comes with the ShapeShift exchange. Therefore, you have the option to exchange your Bitcoin within the wallet.


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5. Green Address

Green Address another multi-signature open-source Bitcoin wallet that uses ECDSA key pairs for fund transfer, thereby, ensuring high-level security. You can use its different versions in your desktop, mobile, or web.for every transaction, you will receive a 2-factor authentication with multi-signature options like email, call, SMS, and Google authenticator.

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