Thursday, December 26, 2019

These are the features you should know to choose a Bitcoin wallet

Key facts:
The most recommended portfolios are those that offer better security and more privacy.
The information can be a useful guide for users looking for the best options.

The Veriphi team, a Canadian consulting firm that is very active in the BTC community, conducted a comprehensive study, which analyzes the characteristics of different Bitcoin purses that exist in the market. The analysis aims to help users understand more clearly the landscape of the tools that represent the first step in the use of cryptocurrencies.

In that sense, Veriphi published a document that allows you to easily compare the different functionalities of 26 popular Bitcoin wallets. For this, the analysts used criteria that they considered essential for the community, basing the recommendations on their judgment of security, anonymity and sovereignty.

Users must extract from the table the data they consider valuable, according to the characteristics that best fit their needs, since the firm did not consider the crossing of valuable elements, such as the importance of the ease of use of a purse when required make frequent transactions, or security preponderance when you plan to store relatively high sums of BTC.

The information can become a useful guide for users who are looking for the best Bitcoin wallet options. Based on this, the evaluations are shown in a clear way using an identification system with four colors: green for the recommended purses; those moderately recommended, are identified with the color orange. Red is used to indicate an alert attitude, while black is used to identify the less valuable purses.

To observe the Verifi box carefully, click here.

The purses that received the highest grade of "recommended" from Veriphi were Bitcoin Core, Electrum, Green, Bitcoin Wallet, Samourai and Wasabi. Meanwhile, those that should be avoided according to Veriphi are Xapo,, Blockchain, Bitpay and Coinbase.

The following table shows the seven recommended purses, evaluated according to 11 criteria of the 49 employees in the evaluation.

The consultant also granted a special mention to Wasabi for his privacy, to Green for his mobile access and to Electrum for his security through the following Twitter post.

The features that define the least recommended wallet services include storage, non-use of open source code and lack of support for SegWit transactions.