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by Nate Urbas

Crypto Trader, Bitcoin Miner, Holder. 🚀🌑


Bitgo Wallet

(4 reviews)
(4 reviews)
Site Rank: 21

BitGo aims to provide the best solutions in the business of custodianship and storage solutions for cryptocurrency users. BitGo has been established since 2014 and has some big partnerships. BitGo also provides services for institutions and currently process about $1 billion per month in transactions. The wallet supports a wide variety of cryptocurrencies and has a strong emphasis on security. Users give up control of their private key but data is encrypted by BitGo. BitGo does not facilitate the exchange of cryptocurrencies and is focused on providing a quality storage solution.

Users can enable two-factor authentication for an extra layer of security. BitGo has an instant transaction feature where bitcoin funds sent can be available before the 10 minute block time due to BitGo guaranteeing them. BitGo charges a 0.25% transaction fee on all instant transactions above 1 bitcoin. These are the only fees BitGo applies along with business account fees. This means that there are essentially no fees for using the wallet apart from the normal network fees.

BitGo is supported on web browsers, Android, and iOS. It has been noted to be very easy and straightforward to use.

Pros & Cons
  • Strong emphasis on security
  • Supports a wide variety of cryptocurrencies
  • Supported on web browsers, Android, and iOS
  • Easy to use
  • No fees
  • Instant send feature
  • Established since 2014
  • Also provides services for institutions
  • No support for fiat
  • Does not facilitate the exchange of cryptocurrencies
  • Users need to give up some level of control of their private keys