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BlueWallet vs Exodus

Comparing
two wallets
Decided by
Editorial rating
Last reviewed
2026-08-26
BlueWallet4.2Bitcoin-only

Bitcoin-only phone wallet with real coin control and multisig vaults, whose Lightning side is custodial unless you run the server yourself.

Exodus2.8

The best looking wallet on this list, from an NYSE listed company, with closed source apps and swap rates starting at 0.5%.

Verdict: BlueWallet

BlueWallet rates higher on our rubric: 4.2 against 2.8 for Exodus.

Criterion
Editorial rating
BlueWallet
4.2
Exodus
2.8

BlueWallet and Exodus, fact by fact

Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.

BlueWallet and Exodus compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
FactBlueWalletExodus
Editorial rating4.2 (favoured on this row)2.8
StatusAvailableAvailable
Made byBlueWalletExodus Movement, Inc.
PriceFree downloadFree download
Who holds the keysself-custodial on-chain, while a Lightning balance is only as self-custodial as the LNDHub server behind itself-custodial, keys generated and encrypted on your own device
Bitcoin-onlyYesNo
Runs oniOS, AndroidiOS, Android, Windows, macOS, Linux, Browser extension
ScreenNot statedNot stated
ConnectivityTalks to public Electrum servers or one you run; Lightning needs an LNDHub server, yours or someone else'sNot stated
ReleasedBlueWallet dates itself to the 2017 fork wars; the iOS and Android apps followed2015
Countries on the maker's listNo published listNo published list
Last reviewed2026-08-252026-08-26

Pros and cons, side by side

BlueWallet

What works

  • Bitcoin only, open source and free, from the App Store, Google Play or a direct download
  • Genuine coin control: label and freeze individual coins, batch sends, and speed up or cancel with RBF and CPFP
  • Signs for Coldcard, Passport, Jade, Keystone and other PSBT hardware wallets, and runs watch-only so keys never touch the phone
  • Multisig vaults for larger holdings, documented step by step by the project
  • Connects to your own Electrum server, so you do not have to hand your addresses to a stranger's
  • Plausible deniability storage for a forced-disclosure situation

What to watch

  • A Lightning wallet here is an account on an LNDHub server, and whoever runs it can move those funds
  • Running your own LNDHub means a VPS or a home node, which is far past what most phone users will do
  • Lightning funds are not covered by the on-chain recovery phrase and need a separate backup
  • A hot wallet on a phone, so device malware or an unlocked screen reaches what the app can spend

Exodus

What works

  • One recovery phrase carries the same wallet across desktop, mobile and a browser extension
  • Pairs with a Trezor or a Ledger, so it can be a friendly front end for keys held offline
  • Buying built in through XO Ramp with card, bank transfer, Apple Pay or Google Pay
  • Publicly listed on the NYSE as EXOD, so the company behind it files real financials
  • Device passkey locking, with no password to reuse or leak

What to watch

  • The wallet apps are closed source, so you cannot rebuild what you install and compare it to published code
  • In-app swap rates start at 0.5% and that cost is a spread inside the quote rather than a visible fee
  • Settled with OFAC for $3.1 million in December 2025 over 254 apparent violations of the Iran sanctions program, with staff found to have suggested VPN workarounds to users in Iran
  • A hot wallet unless you pair hardware, with keys on an internet connected machine
  • Bitcoin gets no special treatment in a wallet that advertises over a million assets

Frequently asked questions

Is BlueWallet or Exodus better?

BlueWallet rates higher on our rubric: 4.2 against 2.8 for Exodus. The rating follows the product rubric published on our about page; the rows above set custody, price and platforms side by side so you can check it.

Are BlueWallet and Exodus free?

Yes, both are free to download. What differs is who holds the keys: BlueWallet is self-custodial on-chain, while a Lightning balance is only as self-custodial as the LNDHub server behind it; Exodus is self-custodial, keys generated and encrypted on your own device.

Is BlueWallet or Exodus bitcoin-only?

BlueWallet is bitcoin-only; Exodus supports other assets too. Bitcoin among the million-plus assets Exodus advertises, including Ethereum, Solana and stablecoins

The full reviews: BlueWallet and Exodus, each with its sources, and every wallet we review.

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