Short answer

It depends on one earlier choice: whether a processor holds your funds or you do. With a processor, the app is your wallet and the decision is made. If you self-custody, use a reputable wallet for daily takings and a hardware wallet for savings you keep.

Match the wallet to your setup

  • Processor path: the processor's app is your wallet. Nothing else to pick.
  • Self-custody, daily float: a well-reviewed mobile wallet that supports your rail (Lightning for small sales).
  • Self-custody, savings: a hardware wallet, bought new from the maker.
A useful next read

The comparison merchant wallet vs. personal wallet explains why a business should keep them separate.

Common misconceptions

  • That there is one best wallet for everyone. The right one follows from your custody choice and rail.

Things to avoid

  • Using your personal wallet for the business. Keep a dedicated business wallet for clean records.