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9 of the best open-source Bitcoin & cryptocurrency wallets (2020)

The post 9 of the best open-source Bitcoin & cryptocurrency wallets (2020) appeared first on Go Cryptowise.

Are you looking for a secure and trustworthy cryptocurrency wallet? Then you should look into using an open-source cryptocurrency wallet. Something that is considered important amongst every person is having trust with the brands, products and services that you use in life. And one way that a product could provide its users with trust is […]

The post 9 of the best open-source Bitcoin & cryptocurrency wallets (2020) appeared first on Go Cryptowise.

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Some of our posts may have affiliate links including this one. That means if you make a purchase I may get a commission (at no extra cost for you). To find out more about it read our Disclosure page

Are you looking for a secure and trustworthy cryptocurrency wallet? Then you should look into using an open-source cryptocurrency wallet.

Something that is considered important amongst every person is having trust with the brands, products and services that you use in life.

And one way that a product could provide its users with trust is by being open and transparent.

9 of the best open-source crypto wallets list

1 ) Copay

Copay open-source Bitcoin wallet

Copay wallet is a simple cryptocurrency wallet created for the sole purpose of sending and receiving Bitcoins, Bitcoin Cash originally, but now with added cryptocurrencies supported.

It is developed by the company Bitpay, an early adopter and promoter of Bitcoin and technology company that provide merchants with payment processing services for BTC and BCH.

Copay is a light wallet, and it uses uses Bitcore Wallet Service (BWS) for peer synchronisation and network interfacing.

Copay is open-source, licensed under the MIT license. It is available for download to desktop or mobile devices.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, XRP, USDC, PAX, GUSD, BUSD

Get started with Copay here:  iOSAndroidWindows PhoneChrome AppLinuxWindows and OS X devices

2 ) Bitpay

Bitpay wallet

Another open-source crypto wallet and one that is also developed by the same company as the Copay wallet is Bitpay wallet.

This is a more modern and feature-rich wallet created by the same company. It is not mean to compete with Copay, but be an alternative (learn more about Copay vs Bitpay here).

It should interest people that wants to use the same wallet application for more cryptocurrencies, and wants other features such as:

  • Spend their Bitcoins and cryptocurrencies at shops
  • Option to buy more cryptocurrencies within the app

But also to use a open-source wallet, with its software open for audits and checks.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, XRP, USDC, PAX, GUSD, BUSD

Get started with Bitpay here: For iOS and Android

3 ) Edge wallet

Edge wallet an open source mobile cryptocurrency wallet

This is a modern mobile wallet that also is open source.

Edge wallet, or formerly Airbitz is a multi-currency wallet with added features like in-app cryptocurrency purchases with fiat currencies, portfolio tracking and cryptocurrency exchange.

It is also released under the MIT license.

With Edge wallet you can use it with Bitcoin, Ether and other popular cryptocurrencies such as; Monero, XRP, Dash, Litecoin, EOS, Tezos and more.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, Monero, XRP, Dash, Litecoin, EOS, Tezos

Get started with Edge wallet here: For iOS and Android

4 ) BRD wallet

BRD wallet a multi-currency mobile wallet

Another popular and modern Bitcoin and cryptocurrency wallet is BRD wallet.

With a clear vision of how this crypto and blockchain space will make a positive impact, the BRD team have focused on creating a wallet that is perfectly aligned with the core message.

Open source, decentralisation and the future of money. This venture-backed company have created one good-looking and easy-to-use wallet. It supports

BRD wallet comes with excellent reviews in both Appstore and Google Play. It has support for Bitcoin, Bitcoin Cash, Ethereum, XRP, LINK, DAI, BAT and many more coins and tokens.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, XRP, LINK, DAI, BAT, Bancor, OMG, PAX and 30+

Get started with BRD wallet here: For iOS and Android

5 ) MyEtherWallet (MEW)

MyEthereWallet or MEW one of the most popular web based wallets for Ethereum and Ethereum tokens

One of the most popular online wallets for Ethereum, and Ethereum-tokens is MyEtherWallet, or MEW.

This free and open-source Ethereum wallet is extremely popular and very easy to use.

It comes with support for popular hardware wallets like Trezor and Ledger, and third-party applications such as MetaMask.

Which cryptocurrencies does it support: Ethereum and Ethereum tokens

Get started with MEW wallet here: Go to www.myetherwallet.com (check that it’s the correct address and it’s using SSL certificate (https)

6 ) MyCrypto

MyCrypto a free open source wallet for Ethereum and Ethereum tokens

A MEW lookalike and option is MyCrypto wallet.

If you think they look and feel similar then it’s because of good reasons. MyCrypto was created by one of the founders to MyEtherWallet, namely Taylor Monahan.

And MyCrypto is essentially a fork from MEW. Possible because of the fact that both are open-source applications.

MEW is the original and probably still the most popular option today. It became widely used during the height of the ICO period back in 2017.

When lots of new Ethereum-based tokens launched as crypto startups. And attracted many new investors.

Which cryptocurrencies does it support: Ethereum and Ethereum tokens

Get started with MEW wallet here: Go to www.mycrypto.com (check that it’s the correct address and it’s using SSL certificate (https)

7 ) GreenAddress / Green wallet

GreenAddress / Green wallet by Blockstream Green

This is an open source Bitcoin wallet.

It is available for macOS, Windows, Linux, iOS and Android.

GreenAddress the old school Bitcoin wallet was in 2016 acquired by Blockstream Green. And it has since seen some major upgrades in its UX and UI.

And it is now a highly modern but still open-source wallet for Bitcoin.

Which cryptocurrencies does it support: Bitcoin

Get started with Green wallet here: Download it for iOS, Android, Linux, macOS and Windows here

8 ) Blue wallet

Blue wallet for Bitcoin

And lastly, I wanted to mention Blue wallet. It’s a Bitcoin wallet with support for the lightning network.

With Blue wallet you can therefore run hosted lightning network wallets and make use of this new Bitcoin innovation, for faster and cheaper transactions.

Like Bitcoin itself, Blue Wallet is fully open source and licensed under MIT. It was created during the BTC and crypto haze in 2017.

And it has since become a very popular mobile wallet for BTC.

It also can be used with hardware wallets that supports PSBT (Partially Signed Bitcoin Transactions).

Which cryptocurrencies does it support: Bitcoin

Get started with Blue wallet here: Download it for iOS and Android

9 ) Natrium

Natrium an open-source wallet for Nano

This is an open-source cryptocurrency wallet for popular Nano.

This lightning-fast cryptocurrency has a strong community following, and Natrium seems to be a well-liked wallet app with high ratings in both Appstore and Google Play.

Natrium is released under the MIT license, and you can inspect the code here on GitHub.

It is an all-Nano cryptocurrency wallet. It looks modern and nice, and it got most of the features you need from a modern cryptocurrency wallet.

But being lightweight and fast it’s focused more on the necessities from a crypto wallet, i.e. sending and receiving rather than purchasing and trading.

Which cryptocurrencies does it support: Nano

Get started with Blue wallet here: Download it for iOS and Android

About open source cryptocurrency wallets

Open Source illustration

Transparency and openness are also key aspects of blockchain technology and cryptocurrencies. Bitcoin and other blockchains like Ethereum are open-source initiatives (Bitcoin under MIT license and Ethereum under GPL license).

This means others can access the source code for them. They can create their own versions from the code and create new Ethereum/Bitcoin forks.

Open-source softwares is in some ways perfectly aligned with this space, therefore there is also a much greater interest in products and services that operate in this space to also be open-source.

And one thing I have in mind specifically are open-source cryptocurrency wallets.

With cryptocurrency wallets we store and integrate with our cryptocurrencies, and in good faith that this software and application is reliable and safe to use.

And what better way to prove that than by making your wallet application and software fully open source. So that others can inspect and audit the code at any time.

If you value openness, transparency and decentralisation and if you own cryptocurrencies like BTC, ETH, LTC, etc then I wanted to make you aware of these 9 good cryptocurrency wallets that are open source.

What is open source?

The Open Source initiative screnshot

As the name suggests it means that the code in which the application is built on is licensed in such a way that it is open for others to read and modify.

There are some different types of licenses available which might suit you better depending on the application/software you are developing.

We have named the MIT license, there are also GNU, Apache and others (see them all here).

To learn even more about how open source works and the different licenses we recommend you to check out https://opensource.guide/legal/ and https://opensource.org/osd-annotated.

Conclusion

Which open-source cryptocurrency wallet should you go for?

Well, it depends on if you own more than Bitcoin today? Then you should look into one the multi-currency wallets.

If not, then either of the BTC-only wallets might appeal to you more?

What all these cryptocurrency wallets have in common is that they are all open-source crypto wallets. Some have support for multiple cryptocurrencies.

Others are Ethereum or Bitcoin-only wallets.

They are all very popular and used by millions of crypto investors around the world, so with that in mind I would myself trust all of them. But as always do your best to research and evaluate the wallets yourself.

Otherwise I hope this guide to the best crypto and Bitcoin open source wallets was useful.

If you think there’s another wallet that deserves to be on this list then let me know in the comment section below.

Find other guides

  1. Best Litecoin wallets
  2. Best Ripple wallets
  3. Best Stellar Lumens wallets
  4. Best Bitcoin wallets
  5. Best Neo wallets

Source: https://gocryptowise.com/blog/best-open-source-cryptocurrency-wallets/

Blockchain

Legacy Records, The First Record Label Paying Music Artists In Crypto

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From painters to digital artists to musicians, crypto continues to find integration across artistic mediums. Music continues to be a field that is ripe for revitalization, from a business standpoint. Accordingly, a number of different musicians have been releasing songs and albums as NFTs. Now, we have what’s being reported as the first official record label looking to get involved. The label looks to have artists join the ranks of other musicians getting involved in crypto.

Two-Pronged Approach

In a press release issued to start this week, Legacy Records CEO Keishia McLeod said it came down to “either get involved or get left behind”. McLeod cited unique income stream opportunities for artists and closed by saying that “this is the future, not a trend”. McLeod has stated previously her intent to drive the label to be at the forefront of leveraging emerging technology in music.

There are two major buckets contributing to Legacy’s approach. The first is the most notable, as the label will become the first to offer artists an opportunity to receive their advance and royalty payments in the form of crypto. The second is to engage artists with NFTs, allowing fans to participate in auctions for unique content. The label’s specific plans around NFTs, and number of artists seeking to get paid in crypto, have not yet been disclosed.

Related Reading | The “Hottest” NFT: Max Denison Pender Creates And Destroys A Self-Portrait In A Volcano 

As the crypto market grows, both artists and businesses are getting involved | Source: CRYPTOCAP-TOTAL on TradingView.com

Legacy Music’s Broader Business Growth 

Las Vegas-based Legacy Records, not to be confused with Sony’s Legacy Recordings, will look to take advantage of the potential press buzz from the announcement. However, in tandem with the release, the label also announced a to-be-name music distributor who has also agreed to pay Legacy Records artists in bitcoin. The label also merged with New Jersey entertainment lawyer Navarro Gray’s ‘The Gray Firm’, to provide legal guidance around digital execution.

McLeod has noted previously that the label has desired being a mainstay in revolutionizing the way music artists do business. In a January interview with the LA Tribune, McLeod cited Netflix’s impact on the film industry, adding that “we haven’t seen that yet in this industry, but it’s coming. We’re going to be a large part of making that happen”.

Related Reading | Reviewing Topps MLB’s First Swing At NFT Tech

Music Artists Emerging Into Crypto

Legacy’s roster has the potential to join a growing list of music artists that continue to engage with crypto and NFTs. Last month, we wrote about long-time hip-hop artist Eminem partnering with Nifty Gateway to release original instrumental beats. Saturday Night Live promptly had a sketch explaining the digital collectibles parodying Eminem’s “Without Me”.

Other musicians engaging with NFTs include DJ Premier, 3LAU, The Weeknd, Linkin Park’s Mike Shinoda, and more.

Each week, our team recaps the week’s NFT action with ‘NFTs In A Nutshell‘ – covering everything NFT, from sport, music, and more.

Featured image from Pixabay, Charts from TradingView.com

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/the-first-record-label-paying-music-artists-in-crypto/?utm_source=rss&utm_medium=rss&utm_campaign=the-first-record-label-paying-music-artists-in-crypto

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Blockchain

Speculation Tesla Dumped Its Bitcoin Holdings Denied By Musk

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Elon Musk puts to bed rumors that Tesla has sold its remaining Bitcoin holdings. The comments came following his second attack on the leading cryptocurrency. This time, he called out the dominance of Chinese mining pools in a now-deleted tweet.

Bitcoin continued from its weekend slide with another drop today, currently down 5% at the time of writing. Given Musk’s apparent influence on markets, some insist he exercises more restraint on social media.

Tesla Has Not Dumped Its Bitcoin

Last week, the Tesla boss announced his firm would no longer accept Bitcoin as payment for its EVs. The reason he gave was a growing concern about the use of highly polluting coal by miners.

This coincided with a mass sell-off in which Bitcoin was hit particularly hard, closing the day down 13% to $49.5k.

Today, Musk tweeted that Bitcoin is highly centralized due to the small number of mining pools that control the network. He maintains that coal is a significant power source for miners, despite counter claims that the network runs mostly on renewable sources.

“A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. Sound decentralized to you?”

In amongst the responses, @CryptoWhale suggested that Tesla will sell their Bitcoin holdings. Adding that, if that happened, Bitcoiners would only have themselves to blame. He was referring to the outpouring of hate directed at Musk.

Musk replied to the tweet with a response of “Indeed.” Some publications interpreted this as confirmation that Musk had already dumped his Bitcoin holdings.

But in a semblance of grace, Musk put the record straight by saying Tesla has not dumped its BTC holdings.

“To clarify speculation, Tesla has not sold any Bitcoin.”

However, with everything that has gone on since last week, is it only a matter of time before Tesla sells up?

Musk Should Be Aware Of His Influence In Moving Markets

Key crypto figures have rallied together in support of Bitcoin. Michael Saylor announced a $15 million BTC buy adding to MicroStrategy’s already substantial war chest, while Jack Dorsey tweeted a message of support in improving its green credentials.

However, @PlanB took a less nuanced approach by accused Musk of deliberating trying to destroy Bitcoin. The comment came in a poll asking his followers whether Musk has derailed Bitcoin from meeting expectations per the stock-to-flow model (S2F).

S2F refers to a predictive model based on scarcity over time. PlanB, who adapted it for Bitcoin use, puts the price of BTC at a minimum of $100,000 by year-end.

The Managing Partner and Co-founder of Nexo, Antoni Trenchev, said Musk should “wake up” to his influence in moving markets.

“He has to wake up to the reality that with his following, even single-worded tweets can move markets.”

But as some would suggest, he is already well aware of his clout in that regard.

Bitcoin daily chart YTD

Source: BTCUSD on TradingView.com

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/speculation-tesla-dumped-its-bitcoin-holdings-denied-by-musk/?utm_source=rss&utm_medium=rss&utm_campaign=speculation-tesla-dumped-its-bitcoin-holdings-denied-by-musk

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Blockchain

Cardano, Ethereum, Polkadot Price Analysis: 17 May

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Cardano could witness an extended rally if losses are maintained at $2.17. Ethereum broke south from a descending triangle and lost a key support region at $3,620. Finally, Polkadot was in danger of a sharp sell-off in case of a break below $38.5.

Cardano [ADA]

Source: ADA/USD, TradingView

Volumes on Cardano took a dip over the last 24 hours as buying activity came to a halt. After an impressive run that saw ADA post weekly gains of 22%, a correction had finally hit the market. A fall of 8% dragged ADA towards a newly discovered support zone at $2.17. A stronger support area lay between $1.82-1.48 and even clashed with the 20-SMA (blue). This confluence between the moving average and support zones would see a re-emergence of buyers should another dip take place.

Post the pullback, ADA presented the next target at $2.50. This psychological level could be snapped during the current bull run if buyers trimmed losses at $2.17. RSI moved south from the overbought zone but would likely stay in bullish territory above 55. ADX rose north of 32 and highlighted a strong trend in the market.

Ethereum [ETH]

Source: ETH/USD, TradingView

The more price-sensitive 4-hour timeframe highlighted certain bearish conditions in the Ethereum market that were hard to overlook. A descending triangle breakdown showed losses of 11% from the bottom trendline. This trendline also represented a strong defensive point at $3,620 and a southbound move saw extended losses up to $3,200. A green candlestick did indicate some bullish response and a rise above $3,620 could initiate a recovery towards $3,800.

Lower lows on RSI indicated weakening and confirmed ETH’s short-term bearish movement. Awesome Oscillator highlighted profit-taking as selling pressure was on the up. In case of further losses, 200-SMA around $3,000 could form another defensive barrier. Alternatively, the level around $3,800 saw some interplay between the 20-SMA (blue) and 50-SMA (yellow) and reclaiming this could trigger another bull run.

Polkadot [DOT]

Source: DOT/USD, TradingView

The formation of three candlesticks or ‘three black crows’ following an uptrend highlighted a strong shift of dynamics for Polkadot. Sharp bearish action dragged DOT below multiple support levels mentioned in a previous analysis. However, the daily timeframe outlined another buy zone at $38.5- a region that coincided with the 20-SMA and 50-SMA.

A break below this critical point could lead to an extended sell-off all the way towards $21.6 and 200-SMA (green). Conversely, a break above $44.5-$48 resistance could initiate a price hike. A bearish crossover in Stochastic RSI thwarted chances of a favorable outcome. Squeeze Momentum Indicator noted weakening buying pressure and a move below half-line would present sell signals.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/cardano-ethereum-polkadot-price-analysis-17-may

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