In July Last year Swiss Company that provides privacy technology Proton Makers Proton Mail) announced it would be launching its own bitcoin wallet — Proton Wallet.
I (along with about 100,000 other users) was given early access to the wallet to test it out and was impressed with the wallet’s user interface. I particularly liked that it allows you to link a user’s email address to their bitcoin address so that you only need to input the email address when sending bitcoin.
You Here is my review on the wallet.
Now that the wallet is available to the general public, I will recommend it to anyone I know who’s finally ready to move their bitcoin out of the hands of an exchange and into their own custody. I’ll also recommend it to anyone looking to make semi-regular bitcoin payments on-chain with a relatively small amount of bitcoin.
My The following are the reasons why we recommend this wallet:
- It’s free to use (users can create up to three wallets and have up to three accounts in each wallet, which is sufficient for most users — more on that here; to create more wallets or accounts, Proton A fee is charged.
- It’s easy to set up (you aren’t required to write down the 12-word seed phrase when you set up the wallet; however, it’s good practice to do so!)
- Like Proton Mail, Proton Has no access to Proton Wallet user data, nor does it have access to its users’ private bitcoin keys
- Using an email address (which doesn’t have to be a Proton Mail The use of an address (as opposed to a recipient address) for sending bitcoin reduces your chances of accidentally entering the wrong address.
- You When sending bitcoin, you can set the transaction priority.
- You You can buy bitcoins via Ramp The following are some examples of how to use Banxa Use this link to learn more about Proton WalletYou can have the bitcoins that you purchased transferred to your possession.
The only downsides to the wallet is that it doesn’t support Lightning Transactions (consider) Breez SDK, Proton team!), and it doesn’t let you manage your UTXOs (loose change from bitcoin transactions, in layperson's terms).
The latter isn’t super important, though, as, again, I’d recommend this wallet to those new to bitcoin self custody. UTXO Management is more of a skill for intermediate to advanced users. Bitcoin users.
All All in all Proton has created yet another fine product here for its 100 million users and counting, and it’s one that I’ll be recommending to Bitcoin Beginners moving on.
This The article is also known as Take. Opinions expressed are entirely the authThe following are some examples of how to use's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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