Pros
- The Swiss Army knife of Bitcoin wallets
- Best hardware wallet support
- Advanced coin control and labeling
Cons
- Desktop only - no mobile version
- Steep learning curve for beginners
- No Lightning support
Multisig Wallets
Multiple keys required to sign transactions. Eliminate single points of failure and protect against theft, loss, and coercion.
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What is Multisig?
Multisig (multi-signature) requires multiple private keys to authorize a transaction. Common setups include 2-of-3 (any 2 of 3 keys needed) or 3-of-5. This eliminates single points of failure - lose one key and you can still recover your bitcoin.
Multisig Wallets
7 wallets
Pros
- Best multisig wallet experience
- First multi-user multisig (manage with family/partners)
- Inheritance planning built-in
Cons
- No Lightning support
- Premium features require subscription
- Overkill for small amounts
Pros
- Made by Blockstream
- Redesigned interface (2025) - streamlined UX
- On-chain, Lightning, and Liquid in unified view
Cons
- 2FA requires Blockstream server
- Liquid features may confuse Bitcoin purists
Pros
- Feature-rich mobile Bitcoin wallet
- Multisig Vault for cold storage
- Plausible deniability (decoy wallets)
Cons
- Default Lightning requires own node for self-custody
- Custodial LNDHub deprecated
- Desktop limited to macOS
Pros
- The original Bitcoin wallet (since 2011)
- Battle-tested with 350+ contributors
- Native Lightning support
Cons
- Interface feels dated
- Frequent phishing attacks target users
- No iOS version
Pros
- GUI for Bitcoin Core
- Excellent multisig coordinator
- Hardware wallet focused
Cons
- Requires Bitcoin Core / full node
- Less features than Sparrow
- Development has slowed
Pros
- Incredibly easy onboarding
- Unified on-chain and Lightning interface
- 2-of-2 multisig security architecture
Cons
- Not true Lightning (uses submarine swaps)
- High fees charged to senders (1500+ ppm)
- All funds are on-chain (no true Lightning balance)