As per the 2nd edition review of Bitcoin Wallets conducted by Open Bitcoin Privacy Project (OBPP), there have been some notable changes in the wallet rankings from last year. Many bitcoin wallets have switched positions in terms of security, privacy, quality and the most importantly, user feedback. OBPP released the latest wallet rankings in its second edition review of “Bitcoin Wallet Privacy Rating Report” earlier this year.
All the bitcoin wallets are thoroughly reviewed by an adroit team of engineers and each wallet is given a particular score based on certain aspects like safety, quality, security, usability and customer feedback. And all these ratings are based on that score that is given out of 100.
OBPP has reviewed 20 bitcoin wallets and gave them rating based on their score. However, in this blog post, we’ll be covering top three bitcoin wallets. But you can see the other wallets along with their position and score in the following graphical representation.
Ledger Wallet
Ledger wallet stands on top of the list with an overall score of 50 out of 100. Ledger provides a wide range of hardware wallets with smart card functionality. The ledger nano is a USB stick, just like a pen drive that can be inserted into your desktop PC or laptop. After the validation of user PIN in a computer, the user can make transactions to multiple accounts. It also has a Google Chrome extension for the browsers.
The score obtained by Ledger wallet on various parameters and in various categories is shown in the following table.
Category |
Score |
Blockchain Privacy |
19/43 |
Network Privacy |
6/24 |
Physical Privacy |
02/04 |
Transaction Privacy |
03/13 |
Privacy From Wallet Providers |
16/17 |
Usability |
15/28 |
Quality |
24/50 |
User Feedback |
10/22 |
Overall Score |
50 |
BreadWallet
Number two is BreadWallet which is said to be the number one iOS client for bitcoin storage. The overall score of BreadWallet was 49/100 as per OBPP reviews. The best quality of BreadWallet is its simplified user interface and payment verification architecture. Unlike Ledger nano, BreadWallet is available on iOS platform.
The score table of BreadWallet is shown below.
Category |
Score |
Blockchain Privacy |
19/43 |
Network Privacy |
09/24 |
Physical Privacy |
01/04 |
Transaction Privacy |
03/13 |
Privacy From Wallet Providers |
16/17 |
Usability |
14/28 |
Quality |
24/50 |
User Feedback |
10/22 |
Overall Score |
49 |
Airbitz
Airbitz wallet occupies the third spot in the list with an overall score of 47/100. As a matter of fact, Airbitz was on 6th spot in last year’s ranking but owing to a positive user feedback and a few other technical enhancements, it attained the third position. The latest version of Airbitz is 1.5.0 which is available on both android and iOS platforms. The mobile app of Airbitz allows the users to record transaction details and it also features a bitcoin merchant directory which helps the users to find out the nearby merchants that are accepting bitcoins.
The score table of Airbitz is shown below.
Category |
Score |
Blockchain Privacy |
19/43 |
Network Privacy |
06/24 |
Physical Privacy |
02/04 |
Transaction Privacy |
03/13 |
Privacy From Wallet Providers |
16/17 |
Usability |
15/28 |
Quality |
22/50 |
User Feedback |
10/22 |
Overall Score |
47 |
So, these were the top three out of twenty bitcoin wallets reviewed and rated by OBPP. After Airbitz, there comes Bitcoin-Qt Core which attained an overall score of 46/100 followed by Darkwallet, ArcBit, Smourai and many others. Coinbase however, occupies the last spot with an overall score of 18/100.
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