Bitkey vs Wasabi

Bitkey is a mobile and hardware wallet developed by Block and designed for people new to Bitcoin who want simple, secure self-custody. The system combines a phone app with a wireless hardware device and an encrypted cloud backup, using a 2-of-3 multisig model to keep users in control of their funds. This structure allows users to recover access even if they lose their phone or the device, adding safety without relying on seed phrases.

The hardware, a sleek hexagonal device with a fingerprint sensor and NFC for phone pairing, eliminates the need for complex seed phrases, making it user-friendly. Sending Bitcoin requires both your phone and the Bitkey device, while smaller transactions can be approved using just your phone and Bitkey's server key if you've set spending limits. This balance appeals to people who want more security than just a phone wallet but don't want the complexity of most hardware wallets.

Users can set daily spending limits for app-only transactions, adding flexibility. The setup is quick, often taking just 5 minutes, and the app's clean interface is intuitive. The app allows Bitcoin purchases, shows balance in both sats and fiat, and offers recovery through trusted contacts in case of loss. It also lacks a screen, meaning you can't visually verify addresses on the hardware itself.

Bitkey's mission is to bring secure Bitcoin ownership to a global audience, especially those new to Bitcoin, by removing friction and avoiding the pitfalls of traditional backups. Their future vision includes broader international support, expanded wallet functionality, and continued emphasis on open-source development and user control. For beginners, Bitkey offers a straightforward, secure way to own Bitcoin with a polished user experience, though advanced users may want more flexibility.

Wasabi Wallet is a privacy-focused, open-source, non‑custodial Bitcoin desktop wallet launched by zkSNACKs. It routes all traffic through Tor and uses compact blockchain filters, keeping your IP and balance private. With the 2024 sunset of the zkSNACKs CoinJoin coordinator, Wasabi now focuses on powerful manual coin control, PayJoin, and hardware wallet integration for privacy management.

The user interface is straightforward but functional, with a dashboard showing your balance, privacy progress, and transaction history, though it may feel technical for complete beginners. Setup involves writing down a 12-word seed phrase and an optional passphrase, which adds security but requires careful storage.

Wasabi is for people who want to own their Bitcoin without having to trust big companies. It runs silently in the background over Tor and gives you full control—all on your own computer. Its goal is to make privacy easy and powerful, while building toward a future where you don't rely on any single server.