Muun Wallet vs. Speed Wallet: Which Bitcoin wallet is right for you?

Choosing the right Bitcoin wallet is essential for managing your crypto securely and efficiently. Whether you’re a beginner looking for a simple wallet or an advanced user interested in Lightning Network transactions and asset swaps, different wallets offer different benefits.

Muun Wallet and Speed Wallet are two popular Bitcoin wallets, each with unique features that cater to different user needs. In this guide, we compare both wallets across various categories—core features, user experience, technical capabilities, practical considerations, and advanced features—to help you decide which one suits you best.

Custody type

• Muun Wallet is a self-custodial wallet, giving users full control over their private keys.
• Speed Wallet is a custodial wallet, meaning users’ funds are managed within the platform while ensuring fast and seamless transactions.

Winner: Depends on your preference. If you value full control, go with Muun. If you prefer convenience and speed, Speed Wallet is the better choice.

Security model

• Muun Wallet uses a multi-key setup with encrypted cloud backups for added security.
• Speed Wallet prioritizes security with robust encryption and two-factor authentication, among other security measures, while also allowing instant access to funds without delays.

Winner: Both are secure, but Muun’s self-custodial model appeals to privacy-focused users, while Speed Wallet’s custodial model ensures faster transactions.

Supported assets and networks

• Muun Wallet supports Bitcoin transactions via on-chain and Lightning Network.
• Speed Wallet supports Bitcoin (BTC), Tether (USDT), and USDT-L (optimized for the Lightning Network). Users can send and receive Bitcoin through both on-chain and Lightning Network transactions, while USDT is supported via Ethereum, Tron, and the Lightning Network.

Winner: Speed Wallet takes the lead with its multi-asset support, making it more versatile for users who deal with both Bitcoin and stablecoins.

User experience

• Muun Wallet is known for its clean, minimal interface that reduces complexity for new Bitcoin users while maintaining security.
• Speed Wallet features a modern, intuitive design with guided setup processes and visual transaction flows to help newcomers.

Winner: Both wallets excel in user experience. Muun Wallet offers simplicity and a streamlined interface, while Speed Wallet provides a guided, visually intuitive experience ideal for beginners.

Support for buying crypto

• Muun Wallet does not offer direct crypto purchasing options.
• Speed Wallet allows users to buy Bitcoin and USDT directly within the app, making it convenient for users who need quick access to crypto assets.

Winner: Speed Wallet is the clear winner for users who want quick access to crypto assets.

Supported platforms

• Muun Wallet is available on iOS and Android.
• Speed Wallet is available on iOS and Android, as well as a Web App, and on Chrome extension, ensuring accessibility across devices.

Winner: Speed Wallet offers broader accessibility across devices.

In-app gift card purchases

• Muun Wallet does not support in-app gift card purchases.
• Speed Wallet allows users to buy gift cards from various brands directly within the app using Bitcoin, making it easy to spend crypto for everyday needs.

Winner: Speed Wallet makes it easy to spend crypto on everyday needs.

Earn & rewards opportunities

• Muun Wallet does not have built-in earning features.
• Speed Wallet offers multiple ways to earn rewards, including Speed Arcade, sweepstakes, referral bonuses, and exclusive SATsBack promotions on purchases and deposits.

Winner: Speed Wallet is perfect for users who want to earn rewards while using crypto.

Business & merchant adoption

• Muun Wallet is primarily a personal-use wallet without merchant-specific features.
• Speed Wallet supports businesses with Speed Payment Solutions, allowing merchants to accept Bitcoin and USDT payments seamlessly.

Winner: Speed Wallet is the better choice for merchants and businesses.

Customer support

• Muun Wallet offers a help center and email support but does not provide real-time assistance.
• Speed Wallet provides responsive customer support, ensuring users can resolve issues quickly when needed.

Winner: Speed Wallet provides better support for users who value timely assistance.

Choose Muun Wallet if:

• You prefer a self-custodial wallet.
• You prioritize Bitcoin-only transactions and Lightning Network integration.
• You value simplicity and robust security.

Choose Speed Wallet if:

• You want a versatile wallet that supports Bitcoin and USDT.
• You need fast, zero-fee swaps and seamless payments.
• You’re interested in earning rewards, buying gift cards, or using crypto for business.

For most users, Speed Wallet stands out as the more versatile and feature-rich option, especially if you’re looking for fast transactions, earning opportunities, and multi-asset support.