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Bitcoin Wallet Comparison

Overwhelmed by wallet choices? Pick your use case below.

Opinionated recommendations. Self-custody only. No custodial garbage.

What are you using Bitcoin for?

Showing 4 wallets

Phoenix

mobile⚡ Lightning🔑 Self-Custody🔓 Open Source

Non-custodial Lightning wallet with automatic channel management. Best beginner Lightning experience.

Available on:
iOS, Android
✅ Pros
  • •Automatic liquidity management (no manual channels)
  • •Self-custodial (12-word seed phrase)
  • •Instant Lightning payments
  • •Clean, simple interface
  • •On-chain receive via swap-in
⚠️ Cons
  • •Mobile only (iOS/Android)
  • •Small (~0.1%) swap fees for on-chain receive
  • •Lightning-focused (on-chain requires swap)
  • •Requires initial channel setup (~$10 minimum)
Visit Phoenix →

Muun

mobile⚡ Lightning🔑 Self-Custody🔓 Open Source

Hybrid wallet supporting both on-chain and Lightning. Non-custodial with 2-of-2 multisig security.

Available on:
iOS, Android
✅ Pros
  • •Seamless on-chain + Lightning in one wallet
  • •Self-custodial with emergency recovery kit
  • •No channel management required
  • •Turbo channels for instant receives
  • •Good for beginners
⚠️ Cons
  • •Higher fees than pure Lightning wallets
  • •2-of-2 multisig (requires Muun server cooperation for recovery)
  • •Mobile only
  • •Less transparent fee structure
Visit Muun →

Blue Wallet

mobile⚡ Lightning🔑 Self-Custody🔓 Open Source

Versatile Bitcoin wallet with optional Lightning (custodial). Great for testing both layers.

Available on:
iOS, Android
✅ Pros
  • •On-chain + Lightning support
  • •Multiple wallet types (segwit, multisig)
  • •Watch-only wallet mode
  • •Easy to use interface
  • •Free and open source
⚠️ Cons
  • •Lightning is custodial (holds your sats)
  • •No automatic channel management for self-custodial Lightning
  • •Mobile-focused (desktop version limited)
Visit Blue Wallet →

Trezor

hardware🔑 Self-Custody🔓 Open Source

User-friendly hardware wallet. Good balance of security and usability for long-term storage.

Available on:
Hardware
✅ Pros
  • •Easy setup and recovery
  • •Supports 1000+ coins (not just Bitcoin)
  • •Open source firmware
  • •Trezor Suite desktop app (clean interface)
  • •Reputable brand (since 2014)
⚠️ Cons
  • •More expensive than software wallets ($69-$219)
  • •Physical device can be lost/damaged
  • •No Lightning support
  • •Seed phrase extraction possible if physical access + advanced attack
Visit Trezor →

Still unsure?

Beginner? Start with Phoenix (Lightning) or Muun (on-chain + Lightning).

HODLing long-term? Get a Trezor or Coldcard Q.

Power user? Use Sparrow with your own node.

Want to learn more? Check out the Bitcoin Self-Custody Guide or test your knowledge with the Bitcoin Quiz.
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