TL;DR
- Proton Wallet is a self-custodial Bitcoin wallet available on iOS, Android, and the web, with end-to-end encryption and no intermediaries.
- It allows sending BTC using email addresses, reducing transaction errors.
- It is open-source and offers recovery through a 12-word phrase, ensuring full user control.
Proton has launched a self-custodial Bitcoin wallet that is now available on iOS, Android, and the web. During an early access period, more than 100,000 users tested its features before its public release. It aims to provide a secure and easy-to-use alternative for those who want to store and manage BTC without intermediaries.
Proton Enables Sending Bitcoin via Email
Proton Wallet employs end-to-end encryption, preventing third parties from accessing users’ funds. The platform also offers an innovative option to transfer Bitcoin using email addresses, avoiding common errors when entering long and complex addresses. This feature facilitates transactions and reduces the possibility of mistakes during the sending process.
Unlike other options, Proton Wallet is fully self-custodial. Users maintain full control over their private keys and can recover their funds in any compatible service using a 12-word recovery phrase. This feature eliminates dependence on banks, exchanges, or any centralized entity.
The wallet’s launch aligns with Proton’s philosophy of privacy and security. The company, founded in 2014 by CERN scientists, is already known for its email and VPN services. Now, it seeks to apply its expertise in the crypto sector to offer a financial solution without intermediaries. Since its inception, it has accepted Bitcoin as a payment method and uses it as a store of value.
An Experience for Everyone
One of the main challenges in promoting Bitcoin adoption has been its complexity. Many people store their assets on centralized exchanges due to the difficulty of managing their own wallet. However, this comes with risks, such as hacks or restricted access to funds. Proton Wallet is designed to simplify the experience without compromising security, allowing more users to adopt Bitcoin without exposing themselves to these problems.
The software is open-source, allowing independent audits to verify its security. Currently, it only supports Bitcoin, but it may expand in the future based on user demand
