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Author : Bitcoin.com
User privacy in Bitcoin Core when using wallets has been an important issue over the years (see address reuse at https://wiki.bitcoin.com/w/Address_reuse). Deterministic wallets are one-step forward to having a well-rounded architecture and added protection for their users. Transparency. Is the wallet provider transparent in how they operate and who they are, and more importantly, is the wallet code open source? If not, it’s hard to say for sure how the wallet provider is securing your bitcoin. Open source code can be peer reviewed and checked for vulnerabilities. Also, make sure that the source code is kept up to date. Anonymity. Is anonymity important to you? Do you need to register to use the wallet; does it accept minimal registration information (email only) to use the wallet? Is there a user verification process (Know Your Customer/KYC)? These are just a few things to keep in mind before making a choice. User Experience. Is the wallet easy to use or is it confusing? Theoretically, it should be simple and not require too much experience to get started with a new wallet.
Think about how you will be using your Bitcoin Core too. Maybe a wallet that is made specifically for mobile devices at https://www.bitcoin.com/choose-your-wallet?category=mobile?utm_source=get-started&utm_medium=post&utm_campaign=guides&utm_content=How-to-Choose-Best-Wallet is what you would prefer, or if you are an advanced user you can download a full Bitcoin client at https://www.bitcoin.com/choose-your-wallet?category=full/?utm_source=get-started&utm_medium=post&utm_campaign=guides&utm_content=How-to-Choose-Best-Wallet directly to your machine. Other options may include a more hardened approach, with wallet hardware devices that you can use to store your bitcoin offline. Backing Up Your Wallet. Backups are another important aspect to bitcoin wallets. Does the wallet provider provide a way to back up the wallet? Is the backup encrypted? Is a backup restoration process available and easy to use? You should explore these options prior to loading your wallet with BTC. Is the Wallet Reputable? This is one of the most important questions.
If you want to make sure the wallet is on the up and up, search for the wallet on internet forums such as the Bitcoin Reddit at https://www.reddit.com/r/btc/ or the Bitcoin Forum at https://forum.bitcoin.com/ to see what your peers are saying about it. If you can’t find any feedback about it, ask in those forums if your peers have used it and what their experience was. Summary. Bitcoin.com gives you access to all of the best Bitcoin wallets, including our official wallet, at https://wallet.bitcoin.com/ for your chosen mobile or desktop platforms. Ultimately, the choice is up to you and which features you want. Also, don’t forget that it is perfectly normal to use a variety of wallets at https://www.bitcoin.com/choose-your-wallet/?utm_source=get-started&utm_medium=post&utm_campaign=guides&utm_content=How-to-Choose-Best-Wallet for different purposes as well.
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