Looking for a crypto wallet?
An honest answer about what this app does and does not hold.
A bitcoin-only wallet, and what that buys you
“Supports 10,000+ coins” is a feature list written by a marketing department. Here is the version written by whoever has to keep the thing safe: every asset you add is more code, more third parties, and more ways to lose money.
Every extra chain is code that can be wrong
A wallet’s job is to hold a secret and use it correctly. A bitcoin-only wallet does that against one transaction format, one signing scheme, and a small family of address types. Add a second chain and you have added a second address parser, a second fee model, a second set of edge cases in the amount field, and usually a token standard on top of it.
Add smart contracts and it gets worse in kind rather than degree. Token approvals are a mechanism where signing something once grants an unlimited standing permission to move your funds later. That is a category of loss that simply does not exist in a wallet that only ever signs a bitcoin transaction paying a specific amount to a specific address.
Follow the money in a multi-coin wallet
Most non-custodial multi-coin wallets are free. They still have salaries to pay, and the revenue almost always comes from the same three places:
| Revenue source | What it does to the product |
|---|---|
| Swap and bridge fees | A swap button becomes the most prominent control in the app, and the quoted rate includes a spread you are not shown separately |
| Buy-crypto partnerships | An identity check and a payment processor arrive inside a wallet you chose because it had neither |
| Token listing and promotion | Assets appear in your wallet because someone paid for the placement, not because they are good |
None of that is fraud, and plenty of those wallets are competently built. But it does mean the product is being optimised for transaction volume rather than for the boring case where you receive some bitcoin, hold it for two years, and send it somewhere once. BitHedge has no swap partner, no buy provider, and nothing listed, so there is nothing to optimise for except that boring case.
What you give up
A fair page says this part too. With a bitcoin-only wallet you get a second app to manage if you hold anything else, no in-app buying, no instant conversion when you want to take profit, and no Lightning in this particular app. If you actively trade several assets, a multi-chain wallet genuinely suits you better, and you should use one.
What you get in exchange is an app with no reason to ever show you something you did not ask for, and a much smaller list of ways it can go wrong. If your bitcoin is savings rather than inventory, that is the better trade.
What BitHedge holds
Bitcoin, on mainnet, in a self-custody wallet with Taproot or Native SegWit addresses and a standard BIP39 recovery phrase that restores anywhere. Signet is there for testing. That is the complete list, and it is not going to grow.
Common questions
What is a bitcoin-only wallet?
A wallet that supports bitcoin and refuses every other asset by design — no Ethereum, no stablecoins, no tokens, no NFTs, and no swap feature that quietly converts between them. The refusal is the feature: each additional chain adds parsing code, address formats, contract interactions and third-party services that can go wrong in ways bitcoin alone cannot.
Why would I want a wallet that does less?
Because in a wallet, surface area is risk. A multi-chain wallet has to understand token approvals, contract calls, bridges and a dozen address formats, and it usually earns money from a swap partner rather than from you. Every one of those is a place where a bug or a conflict of interest can cost you money. A bitcoin-only wallet has one asset, one address format family, one signing path, and nothing to sell you.
Is bitcoin-only about ideology or about security?
Both, and it is fair to say so. Plenty of people choose bitcoin-only because they think the rest is noise. But the security argument stands on its own regardless of what you believe: less code doing fewer things with fewer third parties is a smaller thing to get wrong, and it stays true even if you hold other assets elsewhere.
Can I hold Ethereum, USDT, Solana or NFTs in BitHedge?
No. Not now and not later — it is a design commitment, not a missing feature. If you hold other assets, use a wallet built for them and keep your bitcoin here. Splitting by asset also splits your risk, which is not a bad thing.
Does BitHedge support the Lightning Network?
Not today. BitHedge is an on-chain bitcoin wallet: it sends and receives ordinary Bitcoin transactions. If you need instant low-value payments, use a Lightning wallet alongside it rather than expecting one app to be good at both.
Can I buy bitcoin inside a bitcoin-only wallet?
Not in this one. In-app buying means an integrated third-party provider, which means identity checks, a payment processor, a spread, and a commercial relationship in which you are the product being routed. Buy wherever you like and withdraw to an address BitHedge gives you — the wallet stays a wallet.
Related reading
Self-custody, explained
Keys, responsibility, and what nobody can undo for you.
Bitcoin address types
bc1q, bc1p, 3… and why your wallet offers a choice.