Top 15 Bitcoin Wallets with the Lowest Transaction Fee
Now, more than ever, cryptocurrencies like Bitcoin are gaining stream in the world of online marketplaces. In less than a decade, Bitcoin has grown from a niche project to a virtual economy encompassing roughly $50 billion.
Everybody – from cryptocurrency enthusiasts to investors – has been jumping on the Bitcoin bandwagon. It’s only natural that many are becoming curious about how this currency works and how they can buy, sell and trade with it. In order to make the process easier, Bitcoin wallets provide owners with the ability to safely store and transfer payments to and from anywhere in the world.
Today, let’s take a look at the top 15 Bitcoin wallets that offer the lowest transaction fees for those engaged in transactions on the blockchain.
With super-low transaction fees, BlockChain is a well-known and trusted wallet solution for Bitcoin users. Functioning across all platforms, you can access your wallet from home computers and mobile devices alike. Included in the wallet are conversion rates, calculators, and support services to make your wallet use an easier experience.
2. Xapo Wallet
The great choice with no transaction fees whatsoever is Xapo. This Bitcoin wallet can be used from anywhere and runs on two-factor authentication for maximum security. The wallet also offers additional features, such as a real-time Bitcoin price check, free Bitcoins for social media promotion and easy transfer of Bitcoins to and from anybody.
3. Bitcoin Core
One solution that promises to help “keep Bitcoin decentralised” is Bitcoin Core. This wallet solution provides full validation of all transactions, a user interface that functions across both mobile and desktop devices, and a set of privacy standards not found in any of its competitors. Bitcoin Core is one of the older and more trusted wallet solutions out there.
Paxful offers low transaction costs through a web-based interface. Whether you want to send Bitcoin gift cards, deposit cash, transfer Bitcoins online to somebody else or fund your wallet with a debit card, you’ll have the flexibility to do so. With more than 300 payment options available, you’ll find it easy to buy and sell Bitcoins via your Paxful wallet.
Wirex’s offerings as a Bitcoin wallet extend far beyond merely storing your coins. The security provided by the wallet ensures that you – and you alone – can access your funds 24/7. You can easily link your bank account, debit card and wallet all together for seamless transactions. The wallet fully supports both virtual and traditional currencies alike, meaning Wirex will handle all of your financial information easily.
6. BitGo Wallet
With multi-signature technology built into the BitGo wallet, you never have to worry about hackers stealing your money. This app – available for mobile and desktop devices – processes more than a billion dollars of transactions each month, making it one of the more popular wallets with low transaction costs.
The Mycelium Bitcoin wallet makes it easy to send and receive Bitcoins from any mobile device. Its cold storage functionality makes it simple for you to back-up your Bitcoins without fear of losing them, and you have total control over the private keys associated with your funds. In addition to the low transaction fees for those who need them, Mycelium also offers PIN functionality for an added layer of security.
Originally built to complement BitPay, the Copay wallet allows users to handle both personal wallets and multiple wallets for a variety of other entities. Dynamic fee suggestions are included with the app. Transparency with regards to the app’s development is available, making it a more trustworthy option. The fact that it has centralised validation makes it less appealing to some, but Copay is a quality wallet with low transaction fees available.
The Armory Secure Wallet is an open-source solution with cold storage functionality for those who want to be secure with their money. Unlike many other wallets, its open-source nature means that you do not have to put your trust in others not to rip you off. In addition to its cold storage offerings, it also includes a distributed multi-signature for maximum protection.
One awesome thing about the GreenAddress Bitcoin wallet is its replace-by-fee option: this allows you to alter the transaction fee for your payments depending on how quickly you’d like your transactions confirmed. With fast PIN login functionality, price conversion tools, multiple signature transaction options and two-factor authentication, you’ll find everything you need here.
11. Ethereum Wallet
One of the original Bitcoin wallets on the market, the Ethereum wallet has widespread recognition and plenty of positive reviews from satisfied cryptocurrency users. Available for Windows devices, this blockchain app and service can be used not only to send and receive payments, but includes unlimited functionality for full integration into any applications you might design. This completely decentralised wallet continues to enjoy widespread popularity and likely will for the foreseeable future.
12. Electrum Wallet
One of the few Bitcoin wallets that is available for Linux, Electrum is a stand-alone solution that provides an easy-to-use interface. Simplified to ensure it can run on any and all devices, Electrum gives you full control over your transaction fees: save money when you’re not in a rush, and pay a bit more in fees when you need confirmation quickly. With simplified validation, two-factor authentication and privacy protocols built into the app, you’ll have all the functionality you expect while also having total control over transaction fees.
13. Bither Wallet
The Bither wallet makes validating your transactions easy and gives you full control over how, when and where you utilise transactions. Available for iOS, Android, Windows, Linux and Mac devices, your wallet can go wherever you go. While the wallet utilises static fee suggestions and the privacy isn’t as strong as some other contenders on this list, it is a solid wallet with lower transaction fees than many other wallets.
14. ArcBit Wallet
You’ll have total control of your money with the ArcBit wallet. This wallet includes an optional cold storage feature and uses centralised validation. For those concerned about transaction fees, ArcBit includes a dynamic fee system with override. With a variety of privacy protections designed to keep your money in your hands, you’ll appreciate the combination of security and ease of use that the wallet provides to users.
Last but not least, an advanced, yet simple-to-use wallet, mSIGNA offers Windows, Mac and Linux users a straightforward solution. Full validation built right into the app and improved privacy make mSIGNA a top-ranking choice for many Bitcoin users. Some other features include multi-device syncing and cold storage/paper backup solutions. Ultimately, the primary selling point for many is the superior security protocols featured in this wallet.
With dozens of potential choices to consider, it can sometimes be hard to narrow down the choices. If saving on transaction costs is important to you, then you’ll want to consider these 15 choices. When balancing transaction costs with security, accessibility and autonomy, you won’t find better choices available.