Best Bitcoin Wallet Canada

We consider theBlockstream Jadeto be the best bitcoin wallet in Canada thanks to its combination of robust features, security measures, and user-friendly interface.

This hardware wallet stands out from competitors by being lightweight, affordable, and fully open source. That means all of its code is publicly viewable online, and the entire wallet can bebuilt from scratchby ordinary people.

Using the Jade, Bitcoin owners can safely sign and send transactions from their wallet without ever letting their private keys touch the internet.

Jade also comes paired with a free, native desktop and mobile Bitcoin wallet called “Blockstream Green” for viewing your balances and managing your assets.

Green itself is overflowing with features. Users can send and receive bitcoin signed by their Jade via bluetooth, USB, or QR code. It can also function as an independent mobile wallet to conveniently send bitcoin without needing your Jade.

Wallet types of all shapes and sizes are available including Bitcoin, Lightning, and multisignature (more on those later).

It can also handle bitcoin traded on the Liquid network (L-BTC) – a separate blockchain that uses bitcoin pegged tokens to enable Bitcoin transactions that settle faster and cheaper than the real thing.

Advanced users have the option to connect their wallets with Tor for enhanced privacy, or to their Personal Electrum Server for independently broadcasting transactions and monitoring bitcoin balances. Altogether, Jade and Green form a complete package as the best Bitcoin wallet in Canada, appealing to both beginners and veterans who have varying convenience and security needs.

BlueWalletis a free, user-friendly, open-source Bitcoin wallet for sending, receiving, and securing your bitcoin on-the-go.

The mobile app, available for both iOS and Android, includes all of the basics: sending and receiving bitcoin, creation of multiple wallets, and a transaction log. Users can view their wallet balances in any currency denomination of choice, including bitcoin, sats and CAD.

BlueWallet can also create special types of Bitcoin wallets, including Lightning and multisignature (multisig) ”vaults.” A multisig vault requires multiple parties and devices to sign transactions, meaning, even if someone steals your phone, they can't take your coins.

If you don't want your bitcoin's security connected to your phone at all, that's no issue. BlueWallet lets you create watch-only wallets that simply let you view a wallet balance, while the keys to spend it are stored elsewhere.

Canadians who have no experience with Bitcoin can't go wrong with BlueWallet. We recommend this wallet option for anyone planning their first Bitcoin purchase with Beaver.

AQUAis a newly launched mobile bitcoin wallet from JAN3, designed as an all-in-one solution for efficient bitcoin saving and spending.

The app's interface divides users' bitcoin holdings into a “savings account” and “spending account.” The former includes a regular Bitcoin wallet for savings, and the latter includes Layer 2 Bitcoin on Liquid (L-BTC) which can be used to save significantly on Bitcoin's network fees.

Like Green wallet, AQUA also supports USDt stablecoins on Liquid, an increasingly popular way for people in developing countries to shield themselves from inflation while avoiding Bitcoin's price volatility.

Through clever backend design, AQUA can both send and receive funds over Lightning funded directly from the user's L-BTC balance. It even features an in-app marketplace where users can buy bitcoin from diverse sources, and easily swap their BTC, L-BTC, and USDt all in one place.

The AQUA wallet is still in its infancy, but shows major promise for the future of bitcoin spending.

Coldcardis the best Bitcoin wallet in Canada for those whose priority is securing their bitcoin savings. This calculator-shaped hardware wallet is made in Canada by Coinkite and and shipped directly from the manufacturer inside tamper-evident packaging, ensuring buyers that their product hasn't been physically compromised.

After initial setup, the Coldcard wallet allows users to sign fully air-gapped transactions using a micro-SD card coupled with a software wallet, such as BlueWallet. Air-gapped transactions keep users' private keys fully disconnected from the internet, greatly reducing risk exposure to malware or remote attacks.

Like the Blockstream Jade, its code is also open-source for anyone to view and verify.

Since micro-SD based transactions can be a bit tedious, Coldcard still allows for standard transaction signing via USB connection. Its plethora of advanced security features are entirely optional, making it a viable option for all experience levels.

If you're a proudly paranoid Bitcoiner who wants to maximize the security of your bitcoin savings, Coldcard is the wallet for you.

Phoenixis a unique software wallet that is specifically designed for Bitcoin's Lightning network.

The Lightning network is a Layer 2 Bitcoin protocol that allows for instant bitcoin payments at a greatly reduced cost compared to the main chain. It's a great workaround to the 10-minute settlement time of regular bitcoin transfers, which can also be costly.

Between payment channels and inbound liquidity, Lightning can be hard to understand for beginners. Thankfully, Phoenix handles all the backend plumbing to make transacting on Lightning easy.

The best part? Unlike other Lightning wallets, Phoenix is self-custodial, putting you in full control of your stack.

Phoenix is an excellent bitcoin wallet for Canadians wishing to spend bitcoin via Lightning.

To find Canadian vendors accepting Bitcoin over Lightning, we recommend usingCoinos. You can also use Coinos as your Lightning wallet for day-to-day spending, but keep in mind it isn't self-custodial like Phoenix.