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Blue Wallet
Blue Wallet
  • Why we recommend BlueWallet
  • Guide Overview
  • 🏰Security Overview
    • Securing the wallet: Overview of the basics
    • WARNING! Important basics to know before setting up a backup
    • Passphrase Overview
    • How can you lose your Bitcoin?
  • 🔐Create your wallet & backup
    • What you need
    • Wallet & Backup Creation - 1 of 2
    • Wallet & Backup Creation - 2 of 2
  • 🔑Add a passphrase
    • Passphrase Security Basics
    • Steps to create a passphrase
  • 📲How to use Bitcoin with Blue wallet
    • Steps for receiving Bitcoin payments
    • Sending Bitcoin - Overview
    • Steps for Sending Bitcoin
    • Advanced Sending Options
  • 🔎Security & Privacy Configurations
    • Security Basics
    • Advanced Security Options
  • 🖥️Network Configurations
    • Electrum Server
  • ⚠️Summary
    • DO's & DONT's
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  • BlueWallet benefits and limitations
  • What is this all for?

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Why we recommend BlueWallet

NextGuide Overview

Last updated 3 years ago

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BlueWallet is a free and open-source, Bitcoin-only wallet for mobile and Mac. Create a Bitcoin wallet and backup in a few clicks. It is easy to use, with a very gentle learning curve. The Bitcoin wallet is fully non-custodial, allowing for complete control over use of funds. Advanced features are available for enhanced usability and security. As mobile wallets go, this one is very secure.

This is a great choice for individuals that are beginning their self-custody journey or those that use Bitcoin on a daily basis.

  • You can use Blue Wallet in combination with all major hardware wallets.

  • It is also a custodial Lightning wallet but you can connect it to your own LND hub for greater autonomy, as well as connect it to your own Bitcoin node via an Electrum server.

BlueWallet benefits and limitations

  • ✅Good security with password and biometrics

  • ✅Easy backup and recovery

  • ✅Very simple to use

  • ✅Advanced transactions features

  • ✅Beginner friendly

  • ✅Compatible with hardware wallets

  • ✅Reputable and renown

  • ✅Setup time: 30 minutes

  • ❌Not available on Linux or Windows

  • ❌Less secure than a hardware wallet

What is this all for?

  • Buying bitcoin from a non-custodial exchange.

  • Ability to transact with Bitcoin on mobile (funding exchanges, making payments).

  • Storing bitcoin with backups for long-term before upgrading to a hardware wallet.

  • Managing different wallets for different purposes.

  • Transacting easily using the QR code capabilities.

Read about the benefits of self-custody
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