Self-hosted multisig wallets are for the ultimate security and privacy-concerned bitcoiners, as this solution gives users control over their private keys and lets them decide how and where to store them. Users of this type of wallet typically store their private keys in different devices and locations for ultimate security.

A thief would need to get in and compromise all the locations and devices to steal the private keys and funds, so this is almost impossible to happen. On the other hand, self-storing polysecurity wallets may be more suitable for advanced users, as they require some technical skills to assemble them or even just set them up.

Specter

Types of wallets: Desktop and hardware wallets

Purchase cost: Free for desktop version; $350 for DIY wallets

KYC Policy: No KYC required

Features: Extreme security

Tokens: Bitcoin only

Signatures: 3 select 2 or 5 select 3

Hardware Wallet Integration: All hardware wallets are integrated on the desktop version

Specter Wallet Advantages

Specter Solutions was founded in 2019 and developed in Germany by Crypto Advance GmbH. They offer two types of wallets, the desktop solution and the Specter Shield DIY hardware wallet. The desktop wallet is compatible with all existing hardware wallets such as Ledger, Trezor, COLDCARD, Seedsigner, and of course Specter DIY.

The hardware solution requires the user to assemble the components; therefore, some technical skills are necessary. It provides a large display screen and a QR code scanner for quick transactions, uses the air gap method, and does not require an online connection to sign transactions with high security.

Its multi-signature support requires users to set up 2 of 3 signatures (devices) to verify transactions. This wallet can easily be identified as a next generation bitcoin wallet that provides all the necessary features to grant users the ultimate self-sovereignty that every bitcoin player seeks.

Electrum

Type of wallet: Desktop wallet

Purchase Cost: Free

KYC Policy: No KYC required

Advantages: Long-standing reputation and wallet security

Tokens: Bitcoin only

Signatures: Two out of three or three out of five; up to 15 co-signers

Hardware wallet integration: Ledger, Trezor, Keepkey, COLDCARD

Advantages of the Electrum Wallet

Electrum was created in 2011 by developer Thomas Voegtlin and after more than a decade of operation, it is arguably the most secure hot wallet due to the continuous support and review of its code. It has never been down, as its servers are decentralized and have built-in redundancy.

It is an unmanaged wallet that is connected to the user's full node and has full control over their private key. There are no KYC requirements and no user data is stored on the project's servers, making it one of the most private wallets on the market.

Electrum offers a range of advanced features that few free wallets can offer. It is compatible with hardware wallets for additional secure cold storage and offers an online viewing feature. It allows the creation of multi-signature wallets and the ability to set custom transaction fees and use the Replace by Fee (RBF) feature.

The Lightning Network integration also makes the wallet ideal for fast payments. The Simplified Payment Verification (SPV) feature allows lightweight clients to verify that transactions are included in the Bitcoin blockchain without having to download the entire blockchain.

Sparrow Wallet

Type of wallet: Desktop wallet

Purchase Cost: Free

KYC Policy: No KYC required

Advantages: Non-browser based technology

Tokens: Bitcoin only

Signatures: Two out of three; up to 9 co-signers

Hardware Wallet Integration: Ledger, Trezor, COLDCARD

Advantages of Sparrow Wallet

The Sparrow wallet is one of the favorites of Bitcoiners because it is free and open source software with great Advantages and comes with many security, privacy and convenience features. It is a desktop software application designed to be used with your own bitcoin full node for extra security and privacy, and it is a great alternative to Electrum and Specter desktop wallets.

Sparrow supports all the features an innovative bitcoin wallet should have. It provides full support for single and multi-signature wallets of all legacy and SegWit script types, while giving users full control during wallet creation and editing.

Sparrow supports all major hardware wallets (including air cryptographic devices), but integration with COLDCARD is encouraged as it only supports Bitcoin; it transparently displays your wallet and transaction details, and includes a good set of privacy and security related features. It supports partially signed bitcoin transactions (PSBTs), coin and fee control, coin selection and tagging for all transactions, PayJoin support and built-in TOR.

Sparrow is a tab-based desktop wallet, but it does not use browser technology, as it has a much larger attack surface potential and is therefore less secure than dedicated desktop applications. It also offers strong encryption for extra security.

Blue Wallet

Type of wallet: Desktop wallet

Cost of purchase: Free

KYC Policy: No KYC required

Pros: Simple user interface, suitable for newbies

Tokens: Bitcoin only

Signatures: 3 choice of 2 or 5 choice of 3.

Hardware Wallet Integration: All hardware wallets

Advantages of Blue Wallet

BlueWallet was founded in 2018 and over the years has become one of the most popular and effective bitcoin wallets for beginners. It has gained a great reputation because it includes most of the features that make Bitcoin unique, such as the use of polysemantic vaults that prevent phishing attacks, online and offline theft, malware infections, lost keys or devices, or device malfunctions.

The flexible number of keys and addresses available for polysemantic security, compatibility with most hardware wallets, look-only settings and the empty packet feature are some of the attributes that make BlueWallet a good choice for advanced users as well. The integration of the Lightning Network adds an additional benefit, making it simple to use for quick face-to-face transactions.

BlueWallet users can connect it to their own bitcoin nodes via the Electrum server. The Lunar Payments integration allows users to purchase bitcoins, while the Peer-to-Peer Exchange integration allows users to perform uncustodied bitcoin transactions.BlueWallet was founded in 2018 and has become one of the most popular and efficient bitcoin wallets for beginners over the years. It has gained a great reputation because it includes most of the features that make Bitcoin unique, such as the use of polysemantic vaults that prevent phishing attacks, online and offline theft, malware infections, lost keys or devices, or device failures.

The flexible number of keys and addresses available for polysemantic security, compatibility with most hardware wallets, look-only settings and the empty packet feature are some of the attributes that make BlueWallet a good choice for advanced users as well. The integration of the Lightning Network adds an additional benefit, making it simple to use for quick face-to-face transactions.

BlueWallet users can connect it to their own bitcoin nodes via the Electrum server. The monthly payment integration allows users to purchase bitcoins, while the peer-to-peer exchange integration allows users to execute uncustodied bitcoin transactions.

Bitcoin Keeper Wallet

Wallet Type: Mobile Wallet

Purchase Cost: Free

KYC Policy: No KYC required

Advantages: Built-in support

Tokens: Bitcoin only

Signatures: 3 choice of 2 or 5 choice of 3

Hardware Wallet Integration: All hardware wallets

Advantages of Bitcoin Keeper Wallet

This multi-signature and multi-device secure wallet is another next-generation bitcoin tool that helps users store their bitcoins while protecting their privacy and security.

Built by the team at BitHyve, this wallet is compatible with most trusted hardware signers that hold your keys in an air-encrypted and/or multi-signature manner. It provides all the main features needed to protect your bitcoins: BIP 85 hot wallet, automatic transfer to vault, direct purchase of bitcoins to your cold vault, and much more.

Free for everyone to download and use, with no KYC requirements, the wallet allows users to connect their own nodes and enable TOR for better network privacy. It is now considered one of Casa's main competitors as it helps with inheritance by providing users with tips, tools and templates that work with their existing estate plans. It is currently a free test web application, but in the future will offer different pricing plans.

Conclusion

For the safety and easy-to-use of our funds, a wallet is necessary. By choosing a good bitcoin self-custodian wallet, we can better store our bitcoins and have a great user experience in the bitcoin world. By choosing the best and user-friendly bitcoin wallet, we can freely enjoy the crypto world!