Assets, Bitcoin

Can Daedalus Wallet Hold Bitcoin?

Daedalus is a multi-currency wallet created by the IOHK team. It currently supports Ada, the cryptocurrency of the Cardano network, as well as Bitcoin, Ethereum, Ethereum Classic, Litecoin, Bitcoin Cash, and over 100 other cryptocurrencies.

Daedalus is designed to be a highly secure wallet for cryptocurrency funds. In order to ensure the safety of user funds, Daedalus uses a hierarchical deterministic (HD) wallet structure.

This means that each Daedalus wallet has a unique seed that can be used to generate an infinite number of private keys and addresses.

The Daedalus wallet also has support for Trezor hardware wallets. This means that users can connect their Trezor device to Daedalus and use it to sign transactions.

NOTE: WARNING: Daedalus Wallet does not currently support Bitcoin, and is only designed for holding Ada. Please be aware that using Daedalus to store Bitcoin may result in the loss of funds. We advise against using Daedalus to store any cryptocurrency other than Ada.

This provides an additional layer of security for users who are concerned about the safety of their funds.

The Daedalus wallet is available for Windows, Linux, and macOS. There is also a beta version available for Android.

IOHK has plans to add support for staking and delegation to the Daedalus wallet in the future. This will allow users to earn rewards by participating in the Cardano network.

Yes, the Daedalus Wallet can hold Bitcoin.

Previous ArticleNext Article