{"id":43159,"date":"2025-02-10T11:00:03","date_gmt":"2025-02-10T11:00:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=43159"},"modified":"2025-02-10T11:00:03","modified_gmt":"2025-02-10T11:00:03","slug":"proton-wallet-now-available-to-everyone-is-a-great-starter-self-custodial-bitcoin-wallet","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=43159","title":{"rendered":"Proton Wallet \u2014 Now Available To Everyone \u2014 Is A Great Starter Self-Custodial Bitcoin Wallet"},"content":{"rendered":"

Follow Frank on X<\/a>.<\/p>\n

In July of last year, Swiss privacy tech company Proton (makers of Proton Mail) announced<\/a> it would be launching its own bitcoin wallet \u2014 Proton Wallet<\/a>.<\/p>\n

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\u2019s user interface. I particularly liked that it allows you to link a user\u2019s email address to their bitcoin address so that you only need to input the email address when sending bitcoin.<\/p>\n

You can read my review of the wallet here<\/a>.<\/p>\n

Now that the wallet is available to the general public, I will recommend it to anyone I know who\u2019s finally ready to move their bitcoin out of the hands of an exchange and into their own custody. I\u2019ll also recommend it to anyone looking to make semi-regular bitcoin payments on-chain with a relatively small amount of bitcoin.<\/p>\n

My reasons for recommending the wallet are as follows:<\/p>\n

It\u2019s 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 \u2014 more on that here<\/a>; to create more wallets or accounts, Proton charges a fee)It\u2019s easy to set up (you aren\u2019t required to write down the 12-word seed phrase when you set up the wallet; however, it\u2019s 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\u2019 private bitcoin keysUsing an email address (which doesn\u2019t have to be a Proton Mail address) to send bitcoin reduces the likelihood of inputting the wrong bitcoin address into the recipient field of a transactionYou can select the priority speed of a transaction when sending bitcoinYou can purchase bitcoin via Ramp<\/a> or Banxa<\/a> using Proton Wallet, enabling the bitcoin you purchase to be transferred directly into your custody<\/p>\n

The only downsides to the wallet is that it doesn\u2019t support Lightning transactions (consider the Breez SDK<\/a>, Proton team!), and it doesn\u2019t let you manage your\u00a0UTXOs<\/a> (loose change from bitcoin transactions, in layperson’s terms).<\/p>\n

The latter isn\u2019t super important, though, as, again, I\u2019d recommend this wallet to those new to bitcoin self custody. UTXO management<\/a> is more of a practice for moderate to advanced Bitcoin users.<\/p>\n

All in all, Proton has created yet another fine product here for its 100 million users and counting, and it\u2019s one that I\u2019ll be recommending to Bitcoin newbies moving forward.<\/p>\n

This article is a <\/em>Take<\/em><\/a>. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Follow Frank on X. In July of last year, Swiss privacy tech company Proton (makers of Proton Mail) announced it would be launching its own bitcoin wallet \u2014 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\u2019s user […]<\/p>\n","protected":false},"author":0,"featured_media":43160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43159"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43159"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/43160"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}