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Bitcoin Armory VS Blockchain Wallet

Compare Bitcoin Armory VS Blockchain Wallet and see what are their differences

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  3. » Reviews
  4. » Alternatives

Bitcoin Armory logo Bitcoin Armory

Armory is an open source wallet management platform for the https://alternativeto.

Blockchain Wallet logo Blockchain Wallet

Popular cryptocurrency wallet for those looking to transform the financial system right from their...
  • Bitcoin Armory Landing page
    Landing page //
    2018-09-30
  • Blockchain Wallet Landing page
    Landing page //
    2023-06-16

Bitcoin Armory features and specs

  • Security
    Armory is renowned for its strong security features, including cold storage and multi-signature support, which provide robust protection against hacks and unauthorized access.
  • Advanced Features
    It offers a range of advanced functionalities for expert users, such as multisig transactions, hierarchical deterministic wallets, and offline transaction signing.
  • Open Source
    Being open-source software, Armory allows users to verify the integrity of the code and trust the software, fostering transparency and community trust.
  • Cold Storage
    Supports cold storage solutions, allowing users to create and store wallet keys offline, thus reducing the risk of exposure to online threats.

Possible disadvantages of Bitcoin Armory

  • Complexity
    The software can be complicated for beginners, as it requires a deeper understanding of Bitcoin and security practices.
  • No Longer Maintained
    Development and active support for the Armory software have slowed down significantly, potentially leading to security vulnerabilities and reduced reliability.
  • Resource Intensive
    Armory can be resource-intensive, requiring significant memory and storage space, which might not be ideal for devices with limited resources.
  • Limited Altcoin Support
    Primarily designed for Bitcoin, Armory does not natively support altcoins, limiting its usefulness for users holding a diverse cryptocurrency portfolio.

Blockchain Wallet features and specs

  • User-Friendly Interface
    Blockchain Wallet provides an intuitive and easy-to-navigate interface, making it accessible for users with varying levels of technical expertise.
  • Multi-Currency Support
    Supports multiple cryptocurrencies including Bitcoin, Ethereum, and others, allowing users to manage different assets within the same wallet.
  • Security Features
    Offers robust security features such as two-factor authentication (2FA), advanced encryption, and hierarchical deterministic (HD) settings to safekeep users' assets.
  • Built-In Exchange
    Includes a built-in exchange feature, enabling users to buy, sell, and trade cryptocurrency directly within the wallet.
  • Backup and Recovery Options
    Provides reliable backup and recovery mechanisms, ensuring users can restore access to their funds even if they lose their device.

Possible disadvantages of Blockchain Wallet

  • Centralized Control
    Despite its decentralized nature, the wallet itself is managed by Blockchain.com, leading to some degree of centralization which could be a concern for purists.
  • Transaction Fees
    Blockchain Wallet charges transaction fees which can be higher compared to some other wallets, especially during periods of network congestion.
  • Limited Altcoin Support
    While it supports major currencies, the variety of supported altcoins is limited compared to other wallets, which might be a limitation for altcoin enthusiasts.
  • Not Fully Open Source
    Unlike some other wallets, Blockchain Wallet is not fully open source, raising transparency and trust issues for some users.
  • KYC Requirements
    Certain features such as the exchange and buying/selling functionalities require users to undergo Know Your Customer (KYC) verification, which might be a privacy concern.

Analysis of Blockchain Wallet

Overall verdict

  • Blockchain Wallet is generally considered a reliable and straightforward option for managing cryptocurrencies, particularly for users who value ease of use and mainstream features. While it offers a robust set of features for security and usability, it's important to exercise general caution with online wallets and consider additional safety measures, such as hardware wallets, for storing substantial amounts of cryptocurrency.

Why this product is good

  • Blockchain Wallet by Blockchain.com is well-regarded for several reasons. It offers a user-friendly interface, making it accessible for both beginners and experienced users in the cryptocurrency space. The wallet supports multiple cryptocurrencies, providing flexibility for users with diverse portfolios. Additionally, it incorporates essential security features such as two-factor authentication, hierarchical deterministic settings (HD), and backup options to safeguard users' digital assets. Its integration with the Blockchain.com exchange also allows for easier trading and conversion of cryptocurrencies.

Recommended for

    The Blockchain Wallet is recommended for cryptocurrency users who are looking for a balance between ease of use and functional diversity. It is particularly beneficial for newcomers to the cryptocurrency space who require a straightforward platform, as well as for active traders leveraging the safe and easy integration with Blockchain.com's own exchange. However, users needing advanced security measures or seeking to store large amounts of cryptocurrency might prefer more secure, offline storage solutions like hardware wallets.

Bitcoin Armory videos

+ Add

White Label Armory AR-15 Review

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Blockchain Wallet videos

+ Add

Blockchain Wallet | Latest Review With Ratings | 2019 | in 8 minutes

Category Popularity

0-100% (relative to Bitcoin Armory and Blockchain Wallet)

Bitcoin Armory

Blockchain Wallet

Cryptocurrencies
21 21%
Cryptocurrencies
79% 79
Cryptocurrency Wallets
25 25%
Cryptocurrency Wallets
75% 75
Cryptocurrency Exchange
19 19%
Cryptocurrency Exchange
81% 81
Online Services
100 100%
Online Services
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Bitcoin Armory and Blockchain Wallet

Bitcoin Armory Reviews

20 BEST Bitcoin Wallets | Top Crypto Wallets in 2021
Bitcoin Armory is an open-source Wallet with cloud Storage and multi-signature Support. It offers hierarchical deterministic (HD) and multi-signature support.
Source: www.guru99.com

Blockchain Wallet Reviews

20 BEST Bitcoin Wallets | Top Crypto Wallets in 2021
Mycelium is easy to use open-source and mobile-only blockchain wallet. It allows you to set custom transaction fees. This tool will enable you to choose how long you are willing to wait for a transaction to be completed.
Source: www.guru99.com

Social recommendations and mentions

Based on our record, Bitcoin Armory seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Bitcoin Armory mentions (1)

  • tronbsf:Bitcoin (BTC) Mining Detailed Tutorial
    Armory - is an open source wallet client. It was designed from the start to provide the highest level of security to users who invest heavily in Bitcoin, while still maintaining a high level of ease of use and convenience. Its ease of use and tons of advanced features make it one of the most popular Bitcoin clients. Armory is a Python-based client that is currently in Alpha testing, and the Beta version is funded... Source: about 3 years ago

Blockchain Wallet mentions (0)

We have not tracked any mentions of Blockchain Wallet yet. Tracking of Blockchain Wallet recommendations started around Mar 2021.

What are some alternatives?

When comparing Bitcoin Armory and Blockchain Wallet, you can also consider the following products

Coinfy - Coinfy is a free & open source online wallet for Bitcoin, Ethereum and ERC20 tokens.

Exodus.io - All-in-one app to secure, manage and exchange blockchain assets.

Jaxx - Jaxx.io is a blockchain wallet available as desktop software, a mobile app, or as a Chrome extension

Guarda Wallets - Free and secure Guarda light wallets for Top Blockchains: Bitcoin, Ethereum and lots more

Toshi - A browser for the Ethereum network

Barginex - Invest in the world's top financial assets easily and securely with bitcoin.

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