To see how well we fared, we compared ourselves to some of the most popular platforms out there such as Delta.App, BlockFolio, Bit4you, Bitstamp, Coinbase, or Coinomi. We wanted to discover the best bitcoin wallet app. And as you are about to find out for yourself, OSOM is your best choice out there!
The first drawback we saw in the market regarded private key management. Many people have encountered issues securing their private keys, leading to a great deal of loss - virtual asset holders often lose their keys, have them stolen, or even get hacked.
Another common issue is having accounts all over the place. You want to spread risk and take advantage of every potential opportunity so you trade on multiple exchanges and have multiple wallets. Many services are experimenting with an aggregator feature but often charge fees for every account added or additional services.
And of course, it's no secret that the world of virtual assets is initially complicated and requires at least some basic knowledge of the subject, preventing many from getting started exploring it.
All these concerns inspired us to build digital wallet and aggregator functionalities in one place to better ease your transition to the virtual asset world by making it safe and understandable.
Firstly, the OSOM Wallet is hyper-secure
We offer each customer an individual wallet with their own keys instead of having one big wallet where we keep track of everyone’s funds (omnibus model). In our model, private keys are stored not by you but by a third party (here, us) which makes them less susceptible to being hacked than if you stored the keys yourself. Since each customer has their own wallet (and we don’t have one or two wallets for all our customers), it also makes them less of a target as individual wallets are much smaller, and getting a lot of crypto out of these would require hacking many wallets. Most of the services we compared ourselves to either have no wallet services at all, an omnibus system or make it so that you have to manage your own keys.
OSOM's wallet is safer than other platforms' wallets because our wallets are backed by a world-leading cryptographic key vault service provider. Each person gets their own private key, so the risk of a OSOM-wide hack is substantially mitigated. You don’t have to worry about losing or forgetting your keys, thereby reducing even further risk of losing your funds.
Free All-in-One Solution
Unlimited wallet connections
Here comes the best part of the OSOM app - the aggregator. As a customer, you can connect all your wallets to our system and see their balance from there. And the best thing is - it’s free. While platforms like Bit4you or Bitstamp don’t this functionality, other service providers like Delta.App offer it for 59.99 euros per year. We believe everyone should benefit from a better asset tracking experience in the Cryptosphere - so we made it free.
Unlimited exchange connections
As of now, the OSOM app supports 16 different exchanges with all the coins on those exchanges, and we are open to suggestions for more. The same goes for wallet connections - exchange aggregation is free. The closest from a competition standpoint is BlockFolio, offering free exchange connections, but they support only 10 platforms, which can be limiting if you have many accounts on different exchanges. No one else offers this many exchanges for free :)
OSOM's goal is to bring an improved money management experience and a better understanding of how finance works in general. You can’t fully understand finance by only seeing your account balance. To become more aware of your spending, income, investments, it is necessary to see the bigger picture, which we enable by building portfolio analytics capabilities. This will take the unnecessary work off your shoulders as you don’t need to register every action you make in a notebook or spreadsheet. We will offer comprehensive analytics presenting different metrics to measure your financial performance and give you useful insights on how to optimize your budget in the future. Bear with us while we add these features, and let us know through the support chat what your favourite metric to track would be.
Ideal for new HODLers, good for those with a diversified hodling portfolio, handy for traders
If it seems to be "just a wallet", OSOM was never thought to be "just a wallet" - with the aggregator of public addresses and exchanges, it is the most versatile virtual asset management app out there.
OSOM allows the storing, sending, receiving, buying and selling of Bitcoin and Ethereum in a straightforward and easy way, and that’s why we needed a wallet. At first, we focused on making things simple so that just about anyone can get started in the ecosystem.
OSOM is your best option to get in and out of the virtual asset world. We crafted it in a way so it is easy to start without having an extensive understanding of all aspects of trading on exchanges (candlestick charts, bid and asks, etc.) and without absurdly high commissions. We give you the freedom to easily get in, try the app, and experience virtual asset management. You won’t lose your money to ridiculous fees, and you will gain easy access to the virtual asset world. In addition, our team is always there to help and assist you if you have any problems or need clarifications. You don’t get that kind of service managing your own keys.
While ease-of-use is hard to measure, the measurable number of features and the number of fees clearly indicate where we seek to make a difference.
The OSOM Aggregator and Wallet have features that when combined, cannot be found anywhere else: free, cross-platform, easy to set up and a secure multi-currency wallet, free aggregator supporting 16 exchanges, public addresses on the ETH and BTC Blockchain allowing unlimited connections with even more features coming soon. We believe that even the most advanced users will use it as a day-to-day portfolio tracking tool, and since our fees are really low, users might even find it advantageous to buy and sell through us.
So which bitcoin wallet is best?
Take a look at the comparison chart and you will see it's easy to agree with us. OSOM offers the best bitcoin wallet for Android, iOS - heck, it offers the best possible Bitcoin wallet on the internet!