Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

BlueWallet

BlueWallet

4.2/5 4.8/5 · Data verified on

BlueWallet is an open-source Bitcoin and Lightning wallet for iOS and Android (with desktop builds for Windows and macOS), built for ease of use. It supports HD SegWit wallets, the Lightning Network, Replace-By-Fee, full encryption and plausible deniability. It works well as a companion for hardware wallets such as Coldcard thanks to PSBT support, and lets you manage multiple wallets, cold storage and multisig vaults. Keys stay on the user's device: it is non-custodial self-custody and Bitcoin-only.

61
Transparency: Medium
61/100 · see methodology
61
Data exposure: Medium
61/100 · lower is better for sovereignty · methodology

Data & conditions

Fund custody Self-custody (funds in your control)
Type Software (hot wallet)
Source code Open-source
Recovery Seed phrase 12 parole (BIP-39)
Bitcoin-only Yes
Supported chains Bitcoin, Lightning
Built-in swap No
Built-in staking No
dApp browser No
WalletConnect No
Hardware wallet support Yes
Segment B2C
MiCA / License status Nessuna (wallet self-custody non-custodial)

Strengths

  • Simple and fast to use on mobile; on-chain Bitcoin and Lightning in one app; PSBT and multisig support as a hardware-wallet companion.
  • Self-custody: funds stay in your wallet — the platform cannot touch them.
  • No KYC: usable without identity verification.
  • Open-source, verifiable code.
  • Self-hostable: you can run your own instance or node.

Weaknesses

  • The simplest Lightning setup relies on LndHub (third-party custody if using an external hub); less geared to advanced privacy than specialised desktop wallets.
  • No notable sovereignty drawback documented.

Verdict

A S ★ 4.2/5 ★ 4.8/5

Score 4.2/5, very strong profile. In its favour: simple and fast to use on mobile; on-chain Bitcoin and Lightning in one app; PSBT and multisig support as a hardware-wallet companion. The trade-off to weigh: the simplest Lightning setup relies on LndHub (third-party custody if using an external hub); less geared to advanced privacy than specialised desktop wallets.

On the Sovereignty lens the score is 4.8/5 (outstanding): the strength is fund control (5.0/5), while privacy & anonymity (4.5/5) is the weak link.

Privacy & anonymity 30% 4.5
Fund control 20% 5.0
Censorship resistance 20% 4.8
Trustless / auditability 20% 5.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

FAQ

Is BlueWallet custodial?

BlueWallet's on-chain wallets are non-custodial self-custody: keys stay on your device. Note, however, that Lightning wallets based on a third-party LndHub may involve custody by the hub provider.

Does BlueWallet support Lightning?

Yes. BlueWallet integrates the Lightning Network via LndHub, the open-source service built by the team, enabling instant low-cost payments alongside on-chain Bitcoin transactions.

Is BlueWallet open source?

Yes. BlueWallet is free and open-source software, built in public by the community; the code is available on GitHub and is built with React Native and Electrum.

Sources

Update history

✓ Terms unchanged since Jun 20, 2026

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