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# Proton Wallet Attempts to Make Cryptocurrency Safer and Simpler as a Bitcoin Wallet
- URL: https://itsfoss.com/news/proton-wallet-bitcoin/
- Published: 2024-07-24T11:03:40.000Z
- Updated: 2024-07-24T11:10:41.000Z
- Description: Now, you can keep your bitcoins safe with Proton Wallet.
- Author: Sourav Rudra
- Tags: Privacy 🛡️, News, #Import 2025-11-08 21:15

[Proton](https://proton.me/?ref=itsfoss.com) has been busy this year. They have been at it, pushing upgrades to their existing services by adding new functionality and addressing issues.

A week after adding an [open-source AI writing assistant](https://itsfoss.com/proton-mail-ai-assistant/) to their Mail service, they have yet again introduced a new tool to further bolster their privacy-focused suite of apps and services.

The new service is called “**Proton Wallet**” and is aimed at users of [Bitcoin](https://en.wikipedia.org/wiki/Bitcoin?ref=itsfoss.com).

## Proton Wallet: A Safe Haven For Bitcoin

![an illustration showing off multiple screenshots of proton wallet](https://itsfoss.com/content/images/2024/07/Proton_Wallet.jpg)

Rolled out in a limited, early access manner, **Proton Wallet is a self-custodial wallet for storing Bitcoin**, with Proton's well-known end-to-end-encryption tech [safeguarding it](https://proton.me/blog/proton-wallet-security-model?ref=itsfoss.com).

As for what a self-custodial wallet is. It ensures that a user doesn't lose control over their encryption keys, allowing them to **not lose access to their Bitcoin or their digital assets**.

![proton wallet setup](https://itsfoss.com/content/images/2024/07/proton-wallet-setup.jpg)

In this case, even if Proton as an organization were to go shut down, a user's wallet would be safe, in contrast to the many horror shows we have seen in recent times (*read* [*FTX*](https://en.wikipedia.org/wiki/Bankruptcy%5Fof%5FFTX?ref=itsfoss.com)).

During the launch, Director of Engineering at Proton, [Dingchao Lu](https://www.linkedin.com/in/dingchaolu/?ref=itsfoss.com) added that:

> Proton has experienced first-hand the dangers of the traditional financial sector. In 2014 PayPal temporarily froze our assets and nearly ended Proton before it even got started.

> That moment has stayed in our minds ever since and with the launch of Proton Wallet we want to reduce the world’s dependence on centralized financial institutions.

> By giving users control of their own encryption keys and their own digital assets, we’re offering financial freedom, improved privacy and safety to millions of people around the world.

**Some key features** of this wallet include things like having an **open-source/independently audited nature**, **allowing users to send/receive Bitcoin via Email**, and **enabling users to buy Bitcoin in over 150 countries**, thanks to integration with licensed third parties.

The user interface looks pretty sleek in my opinion:

![proton wallet web](https://itsfoss.com/content/images/2024/07/proton-wallet-bitcoin-wallet.jpg)

There's also support for **two-factor authentication**, and a possibility of **adding support for other currencies**. But, that depends on the feedback they receive from users after the full launch. At launch, only Bitcoin will be supported.

Proton has also mentioned that **in the near future they will be offering a Proton Wallet Plus plan** that will come equipped with their [Proton Sentinel](https://proton.me/blog/sentinel-high-security-program?ref=itsfoss.com) protection program for particularly vulnerable users such as activists, journalists, executives, etc.

For more details on all of this, refer to the [announcement blog](https://proton.me/blog/proton-wallet-launch?ref=itsfoss.com).

## Get Proton Wallet

**Proton Wallet will be limited to the users of the Proton Visionary plan and Lifetime plan**. Those users can then choose to invite other people to try out Proton Wallet.

For the rest of us, we will either have to sign up for the waitlist for a chance at getting early access, or simply wait it out until they fully launch it.

In any case, users with or without access can head to the [official website](https://proton.me/wallet?ref=itsfoss.com) to get additional information on that and sign up for the waiting list.

[Proton Wallet](https://proton.me/wallet?ref=itsfoss.com)

For the source code, users can visit Proton Wallet's [GitHub](https://github.com/protonwallet/?ref=itsfoss.com) repo.

*💬 What do you think of this Bitcoin wallet? Should competitors be worried?*