Proton Unveils Revolutionary Self-Custodial Bitcoin Wallet for Users

February 11, 2025 by Mwongera Taitumu

• Proton Wallet available on iOS, Android, and web platforms.
• Self-custodial design gives users full control over their Bitcoin.
• Wallet simplifies transactions with email-based Bitcoin sending.

Proton has expanded its privacy services with the launch of a self-custodial Bitcoin wallet. The wallet, which is available to all users, offers enhanced security, simplicity, and control, empowering users to securely store and transact with Bitcoin.

Proton Gives Users Control with Self-Custodial Bitcoin Wallet

Proton, a privacy-focused technology firm, has launched its self-custodial Bitcoin wallet to all users. The wallet is available on iOS, Android, and web platforms. Proton previously rolled out the service to a select group of early access users.

Proton, founded in 2014, is a Swiss company known for privacy services like ProtonMail, Proton VPN, and Proton Drive. The wallet is an addition to the company’s long-term commitment to privacy which enables users to store and transfer Bitcoin securely. The wallet offers unique features such as sending Bitcoin via email.

The wallet is designed to simplify Bitcoin use for newcomers. It allows users to buy, store, and transfer Bitcoin with ease as well as offers enhanced security. The platform aims to make Bitcoin accessible as a decentralized alternative to traditional financial systems.

Unlike centralized crypto exchanges, Proton Wallet offers a self-custodial solution. This design ensures that users retain full control over their encryption keys and digital assets. The wallet also ensures that no one, not even the company itself, can access users’ Bitcoin.

The company previously supported Bitcoin, using it in its crowdfunding campaign in 2014. The company accepts Bitcoin for payments and donations and uses Bitcoin as part of its financial reserves. The company further strengthens its commitment to digital freedom and privacy through the launch of its own wallet.

Impact of a Self-Custodial Wallet to Crypto Market

The wallet focuses on transparency and user control. As an open-source platform, it allows independent verification of security claims and features. Users can confidently audit the platform’s integrity and control over their Bitcoin.

The wallet also prioritizes privacy by encrypting all sensitive data. Bitcoin transactions and messages are end-to-end encrypted to ensure that transaction details and balances remain confidential. This approach protects users from unwanted surveillance or exposure.

The wallet simplifies Bitcoin transactions through the integration of email functionality. To send Bitcoin, users only need the recipient’s email address, even if it’s not a Proton Mail address. The platform automatically rotates addresses to improve privacy, making transactions harder to trace.

Currently, the self-custodial wallet only supports Bitcoin but the company may integrate additional currencies, including fiat, based on user feedback. 

The introduction of the wallet marks a major step for the company to improve privacy and security. It combines its expertise in encryption with a user-friendly approach to cryptocurrency management. The self-custodial wallet offers users complete control over their digital assets without relying on centralized institutions.