Bitcoin Core wallet review

Bitcoin Core
Bitcoin Core
Intuitive Ease of use,  High Privacy,  User Private Keys Stored

Bitcoin Core is the full node client for Bitcoin, and although it is not rich in features and does not have a very user-friendly design, it provides a lot of security. Users need to download the full blockchain (180gb) and are responsible for their private keys. The platform is open-source and it works on desktop only - Windows, MacOS and Linux all support it.

Bitcoin Core Client offers the basic functions of storing, sending and receiving Bitcoin. The user needs to know that it takes a long time to download the full Blockchain of 180GB and that it will take up a lot of space on their computer, but it is more secure, private and stable. It lets users customize the fees and suggests the best fee based on network conditions for timely transactions.

Company / organization behind the wallets

The maintainers of the Core project are Wladimir J. van der Laan, Jonas Schnelli and Marco Falke, who are present on Twitter and GitHub. The website also provides a long list of contributors who have helped the project over the years. Bitcoin Core is supported by the Bitcoin Foundation, which aims to make Bitcoin more popular and raise awareness about its benefits.

Crypto Currencies Support

Language Support

  • English
  • Japanese

Supported Systems

  • Windows
  • OSX
  • Linux
  • Raspberry PI

Bitcoin Core Client has good security and privacy due to the fact that it has full node validation, so no third party intervenes to verify payments. It rotates addresses in order to prevent spying from others. Private keys are generated on the users computer so the user needs to make sure it's malware-free, and ideally store the keys somewhere else afterwards - on paper or on an offline device.

Summary:

Security
Low
2 Factor Authentication
No
Multi-Signature
No
Private Keys Stored On
User
Storage Type
The user may choose hot or cold storage and is responsible for the set up
Transactions Validation
Full Node
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

The Bitcoin Core wallet is a simple software that has a basic design and is quite straightforward. It is not that hard to use, but it may be better suited for more advanced users who are willing to download the full blockchain. Its stability makes it appropriate for storing Bitcoin long-term in a secure manner.

Summary:

The Bitcoin Core wallet is probably the most secure and stable software wallet for storing, sending and receiving Bticoin. Downloading the full blockchain will take a long time, but it is worth it considering the benefits it provides. It is maintained well by the development team. It is probably best suited for more advanced users, and they need to make sure their private keys are stored safely.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Involved
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Bitcoin Core Client offers the basic functions of storing, sending and receiving Bitcoin. The user needs to know that it takes a long time to download the full Blockchain of 180GB and that it will take up a lot of space on their computer, but it is more secure, private and stable. It lets users customize the fees and suggests the best fee based on network conditions for timely transactions.

There are none

Help and
support:

  • FAQ section
  • Peer to Peer assistance
  • stackexchange forum
  • Twitter

Most common
customer complaint:

Users complain about the slow download of the blockchain and the fact that the software takes up a lot of bandwidth, but that is expected of a full node client. There have also been complaints about the lack of multi-wallet support.