Bitcoin Core Wallet Review

By: Josh MillerUpdated: Thu Mar 16 2023
Bitcoin Core Wallet screenshot

Bitcoin Core Wallet at a glance

Bitcoin Core Wallet logo

Bitcoin Core Wallet

Web3 Enabled?

❌ No

Browser Extension?

❌ No

Mobile?

❌ No

Desktop?

✅ Yes

Supports EVM?

❌ No

Supports Bitcoin?

✅ Yes

Supports IBC?

❌ No

Supports Polkadot?

❌ No

What is Bitcoin Core Wallet

Bitcoin Core is the original and most widely used client of the Bitcoin network. It builds the backbone of the network and allows users to transfer their Bitcoins securely.

Pros & Cons

Before we dive into the full review, lets get into the pros and cons of Bitcoin Core Wallet.

Pros

  • Supports Bitcoin.
  • Supports Desktop.
  • Completely free to use/download.
  • Open source.

Cons

  • Does not support Ethereum or EVM chains, the Cosmos ecosystem, the Polkadot ecosystem, Tron, Algorand.
  • Not Web3 enabled. Cannot be used to access dApps, DeFi, NFT marketplaces .etc.
  • Does not support mobile.
  • Cannot be used as a browser extension. Therefore does not support Chrome, Firefox, Edge, Opera.

Table of Contents

  1. What chains does Bitcoin Core Wallet support?
  2. Is Bitcoin Core Wallet Web3 enabled?
  3. Does Bitcoin Core Wallet support Mobile?
  4. Does Bitcoin Core Wallet support Desktop?
  5. Is Bitcoin Core Wallet free?
  6. Is Bitcoin Core Wallet open source?
  7. Does Bitcoin Core Wallet support in-wallet staking?
  8. Does Bitcoin Core Wallet support in-wallet swaps?
  9. Does Bitcoin Core Wallet require you to run a node?

Full Review

What chains does Bitcoin Core Wallet support?

Bitcoin Core Wallet supports Bitcoin.

Bitcoin Core Wallet does not support Ethereum or EVM chains, the Cosmos ecosystem, the Polkadot ecosystem, Tron, Algorand. This limits the number of coins/tokens that you'll have access to.

Is Bitcoin Core Wallet Web3 enabled?

No, Bitcoin Core Wallet is not Web3 enabled. Therefore, you cannot use it to access dApps, DeFi, NFT marketplaces, etc. This is a hugely limiting factor. I would advise you to seek out a web3 enabled wallet if you want to access all the blockchain has to offer.

Does Bitcoin Core Wallet support mobile?

No, Bitcoin Core Wallet does not support mobile. Which is unfortunate for mobile users.

Does Bitcoin Core Wallet support desktop?

Yes, Bitcoin Core Wallet is/has a standalone desktop application.The desktop application supports Windows, MacOS, Linux.

Is Bitcoin Core Wallet free?

Yes, Bitcoin Core Wallet is completely free. You don't have to pay a cent to get access to it. Although this is awesome, you have to bare in mind that free doesn't always mean it's the best option for your needs.

Is Bitcoin Core Wallet open source?

Yes, Bitcoin Core Wallet is open source. You can get access to the code, audit it, and fork it if you wish to. Despite the pros of being open source, it is also a security concern as the code is available for all to see, including hackers.

Does Bitcoin Core Wallet support in-wallet staking?

No, Bitcoin Core Wallet does not support in-wallet staking. This means you can't earn passive income from your coins/tokens by using the wallet alone. We suggest using another crypto wallet if you need this. Or, there's always exchanges if you're okay with sacrificing custody of your coins/tokens.

Does Bitcoin Core Wallet support in-wallet swaps?

No, Bitcoin Core Wallet does not support in-wallet swaps. This means that you will have to use an exchange to swap your tokens. Not a huge problem though, as crypto wallets often charge for this service.

Does Metamask require you to run a node?

Yes, Bitcoin Core Wallet requires you to run a node. This means you will have to downoad an entire blockchain, which takes up a lot of resources; bandwidth, harddrive space. Running a node means you must download the full blockchain!

Bitcoin Core Wallet Links