Best Bitcoin Wallet You Need to Know in 2020

| Updated on October 6, 2023

If you are thinking about investing in bitcoin, one of the most important points you need to consider is having the best bitcoin wallet. If you are new to the world of bitcoin investment, you need to pay attention to different factors when choosing the best bitcoin wallet. In this article, we have come up with a list of bitcoin wallets that are well-suited to beginners as well as advanced bitcoin users. All these bitcoin wallets are available with lots of safety and security features. So, go through this list and choose the one that can suit your needs. To get more details about bitcoin wallets, you can also check the platform

Best Bitcoin Wallets of 2020


Exodus is one of the best bitcoin wallets that is considered the best option for beginners. The Exodus bitcoin wallet can be used in the desktop version as well as a mobile wallet. Thus, when you use the Exodus desktop wallet, you get the security of a desktop wallet and the convenience of a mobile wallet. The Exodus bitcoin wallet has a pretty simple user interface and built-in exchange. One of the Exodus bitcoin wallet’s best features is that it will allow you to swap between more than 100 cryptocurrencies. The Exodus bitcoin wallet is very simple and easy to use, and thus, it offers a great option for beginners. The Exodus website wallet also offers good customer support, which is great for beginners who are just entering the crypto space. An exodus bitcoin wallet is considered one of the best options for beginners. Still, it does not include the best features for advanced users looking for greater technical details and specifications.

Best features:

  • Supports different types of cryptocurrency
  • Includes built-in exchange
  • Best levels of customer support for beginners


For people who are looking for a mobile bitcoin wallet, Electrum is one of the best options to go for. Electrum is said to be the original bitcoin wallet, as it was developed just a few years after the invention of bitcoin. In terms of the user interface, Electrum is a barebone, but it is still liked by people worldwide because of its functional features. The best part about Electrum is that it is an open-source bitcoin wallet, and thus, customers are free to decide about the transaction fee. Electrum also comes up with an option under which users are free to determine the security levels they need for their bitcoin wallet. When you are using the Electrum bitcoin wallet, you can go for the two-factor authentication, and if you want, you can also choose a multi-signature bitcoin wallet. Thus, in terms of security features, Electrum is one of the best bitcoin wallets available in the market at present.

Best features:

  • You are free to set up the custom fee when using Electrum bitcoin wallets
  • Best levels of security are available
  • Ability to customize seed phrase


Mycelium is a type of hot wallet. This means it works with the use of internet connectivity. Mycelium is also an open-source and mobile-only bitcoin wallet. The only difference between Electrum and Mycelium is that Mycelium is a mobile-only wallet, while Electrum can also work with desktops and laptops. Since Mycelium is an open-source bitcoin wallet, you can also set up transaction fees as per your choice for using the Mycelium bitcoin wallet. If you are using the Mycelium bitcoin wallet, you can also hold bitcoins in an offline device to better security and safety levels.

Best features:

  • Ability to set the custom transaction fee
  • Ability to use a hardware wallet
  • Open-source software ability

This list of best bitcoin wallets 2020 has been created after checking dozens of bitcoin wallets available in the market. When it comes to choosing the best bitcoin wallets, different factors need to be considered. You need to pay attention to the levels of safety, security, and transaction fee needed. Security is one of the most important considerations. This list of bitcoin wallets has been prepared after going through different tried and tested methods. So, use any of these bitcoin wallets and let us know which one of these wallets worked best for you.

Joseph Williams


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