Recommended Assisted Self-Custody Bitcoin Wallets

Most Bitcoin loss is due to the owners’ mismanagement of their own keys, not external factors.These are my recommended Bitcoin wallets that are designed to safeguard against key loss:

  1. Nunchuk Wallet is a Bitcoin wallet that can be backed up and secured with Nunchuk’s key management services. These services have no KYC (Know Your Customer) requirements. Use it with TapSigner to protect your keys by storing them offline (details). See my article for more details
  2. Blockstream Green is a secure non-custodial Bitcoin and Liquid wallet. Offers multi-signature support. One key is held on your device and another on Blockstream’s servers, enabling you to protect your wallet with two-factor authentication. They also offer time-locks or third backup key for further security. The company has a strong reputation in the industry for its commitment to security.
  3. Phoenix Wallet is a self-custodial Bitcoin wallet for the Lightning Network that’s actually easy to use. Phoenix charges a fee of 0.4% of the amount of Bitcoin sent. It runs it’s own Lightning node on your mobile device. I recommending keeping $100 to $2000 worth of Bitcoin in this wallet.

Summary

Overall, the Phoenix wallet can be used for everyday transactions. By using the Lightning Network, it offers fast transactions, privacy and low transfer fees. The Nunchuk Wallet or Blockstream Green can be used for saving the majority of Bitcoin in your own custody. Both wallets should be secured with offline hardware devices.

Nunchuk wallet is a more managed and it’s fair easy to use wallet. It is best used with the Nunchuk paid services. An offline TapSigner should be used with Nunchuk. Blockstream is good for tech-savvy users and those wanting advanced controls of their Bitcoins. I recommending using it the Blockstream Jade hardware device.