12 Best Crypto Wallets

If you need to buy cryptocurrency, you’ll want a crypto wallet to maintain your funding secure.

With dozens of wallets on the market and new ones popping up each day, it may be onerous to decide on.

Should you decide a {hardware} wallet, additionally known as a cold wallet (they’re extraordinarily secure however tougher to entry)? Or do you have to go for a handy hot wallet (a.okay.a. software wallet) that is likely to be extra weak?

Here, we’ll cowl our picks for one of the best crypto wallets at present. We’ll additionally reply some frequent questions on wallets and show you how to select one of the best one for you.

12 Best Crypto Wallets

To select our favourite crypto wallets, we checked out security features, ease of use, design, and price. We’ll share that data with you, together with the kind of wallet, which platforms it really works with, and which cash it helps.

For straightforward decision-making, we’ll additionally present the pros and cons of every wallet.

Exodus

Exodus is a desktop software wallet that helps greater than 150 completely different cryptocurrencies. In addition to the desktop option, it has apps for iOS and Android and is appropriate with Trezor {hardware} wallets.

This is a good selection for brand new cryptocurrency traders. It’s intuitive and user-friendly and it presents 24/7 buyer assist in the event you want further assist. The uncluttered interface is simple on the eyes.

Exodus is free to download and use for storage. There are charges for providers like mining and trading on the in-wallet exchange. The particular charges range, however some customers discover them high in comparison with different exchanges.

The wallet doesn’t require two-factor authentication when signing on. It provides customers management of their private key, but it surely doesn’t offer multi-signature addresses or “multisig.” Multisig is a security function that requires multiple private key to authorize a transaction.

→ Visit now: www.Exodus.com

Pros

• Support for 150+ cryptocurrencies
• 24/7 buyer assist

Cons 

• No two-factor authentication or multisig assist
• Higher charges for transactions on in-wallet exchange

Electrum

Electrum is a software wallet that works with Bitcoin solely. If you’re not in any different cryptocurrencies, this is likely to be one of the best wallet for you. There’s a desktop model and an app for Android.

One neat function of Electrum is you can select your transaction fee primarily based on how long you’re prepared to attend. The greater your fee, the quicker your transaction is executed.

Electrum makes use of a light-weight client, which solely downloads part of the blockchain. It’s quick to arrange and use and it doesn’t take up a lot house in your laptop.

For customers whose major concern is security, Electrum presents two-factor authentication and multi-signature assist. You’ll have entry to your private keys, that are encrypted and by no means go away your laptop. Electrum integrates with a number of {hardware} wallets, together with Trezor and Ledger.

The wallet is free to download. You’ll solely pay charges once you use it for transactions.

→ Visit now: www.Electrum.org

Pros

• Custom transaction charges
• Security features embrace two-factor authentication, multisig, and integration with cold wallets

Cons

• Only helps Bitcoin
• Less user-friendly for beginners

Ledger

Ledger is finest recognized for its secure {hardware} wallets, together with the Nano X and Nano S. Ledger is among the most respected firms on the market with regards to crypto storage. It’s not stunning that they’ve bought greater than three million cold wallets.

The Nano S was the corporate’s first wallet, launched in 2016. It’s extremely secure and an inexpensive option at $59.

The Nano X, which prices $119, has some extra features, together with a built-in battery and Bluetooth. It helps greater than 1,800 completely different cash and tokens.

These wallets look just like a USB stick and have a small OLED display screen.

Both fashions work with Ledger’s Live software, which you should use to control your crypto investments. Ledger Live is out there for both desktop or mobile.

→ Visit now: www.Ledger.com

Pros

• Support for 1,800+ cryptocurrencies
• Offline storage is very secure and backed by Ledger’s status

Cons

• Higher upfront value
• Possibility of shedding the bodily machine

Trezor

Trezor was the primary firm to offer {hardware} wallets for cryptocurrency. Its present fashions are the Trezor One and the Trezor Model T. Both choices assist greater than 1,000 completely different cash and tokens.

The firm relies in the Czech Republic; the title Trezor is Czech for “safe” or “vault.”

The Trezor One is the extra inexpensive selection at €53 (at the moment $63). The Model T is the premium model at €189 (at the moment $221). One of the principle upgrades is the Model T’s full-color touchscreen.

The Model T additionally contains Shamir Backup. This function retains customers’ restoration data secure, and it may assist them recuperate their crypto if the machine is misplaced or stolen.

Trezor units work with Windows, macOS, and Linux. They additionally combine with sure software wallets, akin to Exodus.

→ Visit now: www.Trezor.com

Pros

• Highly secure offline storage with Shamir Backup for Model T
• Support for 1,000+ cryptocurrencies

Cons

• Higher upfront value
• No iOS assist

Coldcard

Coldcard is a {hardware} wallet that works with Bitcoin. It features a big numeric keypad, an OLED display screen, and a MicroSD card slot. You can use MicroSD cards for backup and information storage.

Coinkite, the Toronto-based firm that makes Coldcard, focuses on preserving your crypto “ultrasecure.” One means they obtain this purpose is via a devoted chip that shops your private key.

Another unique security function is Coldcard’s air gap operation. This performance means that you can use the wallet with out connecting it to a pc. Instead, you are able to do all the pieces from selecting a PIN to finishing a transaction both on the machine itself or through the use of a MicroSD card.

Coldcard integrates with varied software wallets, together with Electrum.

The Coldcard wallet prices $129.99. You may also buy completely different bundles that embrace equipment akin to MicroSD cards and USB cables.

→ Visit now: www.Coldcard.com

Pros

• Secure design together with devoted chip for storing private key and air-gapped operation
• Large keypad and OLED display screen

Cons

• More costly than different {hardware} wallets
• Only works with Bitcoin

Atomic Wallet

Atomic Wallet is a software wallet with desktop and mobile choices for iOS and Android. It helps greater than 500 cash and tokens.

You management your private keys, that are encrypted, and don’t go away your machine. You don’t have to create an account to make use of basic features. This setup appeals to privacy-minded customers however the lack of two-factor authentication is likely to be a priority.

One helpful function is Atomic Swap, an in-wallet cryptocurrency exchange that allows you to commerce with no third celebration.

You may also use Atomic Wallet to stake cryptos like Solana and Cardano. That means you possibly can earn extra currency simply by shopping for cash and holding onto them. With Solana, for instance, you earn 7% in rewards each two days. Just maintain in thoughts that there’s a network fee once you declare these rewards.

→ Visit now: www.AtomicWallet.io

Pros

• Atomic Swap in-wallet exchange
• Option to stake currencies and earn rewards

Cons

• No two-factor authentication
• No integration with {hardware} wallets

KeepKey 

KeepKey is a glossy, inexpensive {hardware} wallet that beginners ought to take into account for $49. It works with round 40 main cash, together with Bitcoin, Ethereum, and Litecoin. While it doesn’t assist some common altcoins, it does work with many ERC-20 tokens.

While it’s bigger than different cold wallets, at simply under 4 inches long, the KeepKey continues to be moveable. Some customers like that it’s slightly heavier and simpler to maintain observe of. The OLED display screen is massive and straightforward to learn.

The wallet companions with the ShapeShift on-line platform, which you should use to buy crypto and observe your cash’ efficiency. ShapeShift is a non-custodial exchange, which means you all the time have management of your private keys.

You can pair the Keep Key together with your mobile phone, however solely when you’ve got an Android. There isn’t at the moment assist for iPhones.

→ Visit now: www.shapeshift.com

Pros

• Reasonably priced, secure {hardware} wallet
• Relatively straightforward setup for beginners

Cons

• Only helps round 40 main cash
• No iOS assist

MetaMask Wallet

MetaMask is a browser-based software wallet. It works with the Ethereum blockchain, which suggests it helps ETH and hundreds of different ETH-based cash. It doesn’t work for Bitcoin or different non-ETH cryptocurrencies.

Use MetaMask with Firefox, Chrome, Brave, and Edge. There are additionally mobile variations for each iOS and Android.

If you’ve a {hardware} wallet from Trezor or Ledger, you possibly can join it to MetaMask. That means, you possibly can retailer the keys for crypto you’re actively trading on MetaMask and use a cold wallet for extra secure long-term storage.

This wallet is simple to make use of for beginners. It’s non-custodial, which suggests you’ve management over your private keys. Aside from cryptocurrency storage, you should use it to buy and sell cash. If you’ve NFTs (non-fungible tokens), you possibly can retailer them right here too.

MetaMask is free to download. There’s a service fee for swapping cash, starting from 0.3% to 0.875%.

→ Visit now: www.metamask.io

Pros

• User-friendly interface
• Integrations with Trezor and Ledger {hardware} wallets

Cons

• Only helps Ethereum-based currencies
• Browser-based wallets could also be much less secure than different choices

Mycelium

Mycelium is a mobile wallet that works with iOS and Android units. It helps Bitcoin, together with Ethereum and different ERC-20 tokens. There’s an in-wallet exchange, so you possibly can conveniently commerce cash.

If you need to mix a software wallet with {hardware}, Mycelium is a good selection. It’s appropriate with Trezor, Ledger, and KeepKey.

Like the Electrum wallet, Mycelium allows you to select charges primarily based on transaction pace. If you pay extra, your transaction will course of quicker.

With Mycelium, you’ve management over your private keys. The app is reproducible, which suggests customers can duplicate its code to spot potential security issues.

Mycelium may be intimidating in comparison with among the others on our checklist. Its buyer assist is proscribed to an electronic mail address that allows you to create a assist ticket. For these causes, Mycelium is a greater wager for these with extra crypto experience.

This wallet is free to make use of. You’ll pay a fee starting from $0.25 to $8 per transaction.

→ Visit now: www.mycelium.com

Pros

• Custom transaction charges
• Integration with cold wallets

Cons

• Not intuitive for beginners
• Limited to Bitcoin, ETH, and ERC-20 tokens

Ellipal Titan

The Ellipal Titan is a {hardware} wallet that connects to the Ellipal mobile app to ship and receive crypto. It’s utterly air-gapped, which suggests you don’t have to attach it to your laptop.

To full a transaction, use the wallet’s digicam to scan a QR code inside the app. The mobile app is out there for Android and iOS.

Ellipal presents an in-wallet exchange, which suggests you possibly can commerce crypto inside the app. It helps round 40 main cash and hundreds of ERC-20 tokens.

The Titan has a big touchscreen and enticing show. At 4.6 by 2.5 inches, it seems just like a small smartphone.

If you lose your cold wallet, Ellipal may also help you recuperate your account utilizing a mnemonic phrase. You don’t want to fret about bodily damaging the wallet, nevertheless. According to Ellipal, it’s fireproof, waterproof, mold-proof, and even insect-proof.

The Ellipal Titan sells for $169, at the moment on sale for $139.

→ Visit now: www.ellipal.com

Pros

• Highly secure air-gapped cold wallet
• Mnemonic phrase and account restoration

Cons

• Higher price than different cold wallets
• Relatively new firm with out established status

SafePal

The SafePal S1 is a secure, inexpensive {hardware} wallet. As it’s roughly the dimensions of a credit card, it’s straightforward to take with you on the go.

SafePal is the one cold wallet backed by trusted blockchain expertise firm Binance. The wallet helps Binance Chain and Binance Smart Chain, together with 30,000 BEP-20 tokens. BEP-20 is an extension of Ethereum’s ERC-20 commonplace.

You may also use SafePal for 32 main cash, together with Bitcoin, Litecoin, and Dogecoin. You may even use it to retailer digital collectibles like NFTs (non-fungible tokens).

SafePal has a BEP-20 token, SFP. Use the SafePal wallet to stake SFP and earn rewards by the SafePal Earn program.

For security, the wallet is totally air-gapped. You by no means have to attach it to your laptop.

The SafePal S1 prices $49.99. It comes with three mnemonic phrase cards, a cleansing fabric, a USB cable, and stickers. For $10, add a velvet-lined leather-based case to maintain your wallet secure.

→ Visit now: www.SafePal.com

Pros

• Affordable cold wallet for beginners
• Partnership with Binance

Cons

• Small display screen
• Small machine dimension is a professional for some customers however feels flimsy to others

Wasabi

Wasabi is a desktop Bitcoin wallet appropriate with Windows, macOS, and Linux. One of its principal promoting factors is CoinJoin, which mixes multiple cash from multiple customers into one transaction. This course of makes transactions extra private and secure.

Like among the different Bitcoin wallets on this checklist, Wasabi presents customizable charges. The extra you pay, the quicker your transaction is confirmed.

Wasabi is comparatively straightforward to make use of, but it surely is likely to be overwhelming for beginners. There’s an FAQ and an ELI5—“Explain like I’m five years old”—part to assist customers get began.

The wallet doesn’t have a mobile option. It does combine with Trezor, Ledger, and Coldcard if you wish to use a cold wallet for added security.

Wasabi is free to download. There are charges for transactions, together with CoinJoins.

→ Visit now: www.wasabiwallet.io

Pros

• CoinJoin function for added security and privateness
• Integration with {hardware} wallets

Cons

• Beginners might have to learn by documentation to get began
• No mobile assist

How to Choose a Crypto Wallet

As our checklist exhibits, there are a number of nice choices for each software and {hardware} wallets. So, how do you choose one of the best crypto wallet for you?

This part will cowl among the principal factors it is best to take into account.

Security Features

The principal cause to have a crypto wallet is to maintain your property secure. If a wallet doesn’t have good security features, what’s the purpose?

Some features to search for are two-factor authentication (2FA) and multi-signature assist (multisig).

2FA is a technique of verifying your identification once you log in to your wallet. It requires you to enter your password and a second stage of authentication, akin to a code despatched to your phone.

Multisig implies that you utilize multiple private keys to entry your wallet, relatively than only one. While this course of takes longer, it provides an additional layer of security.

Keep in thoughts that cold wallets are inherently extra secure than hot wallets as a result of they don’t entry the web. Air-gapped wallets, like Coldcard and the Ellipal Titan, could also be much more secure as a result of they don’t connect with a pc.

Ease of Use

Ease of use may not be as essential as a wallet’s security features or price. But it makes a giant distinction in how joyful you’ll be with the wallet you select. Whether you’re a novice or have extra experience, you shouldn’t should battle to entry your funds.

When you store for a wallet, take into account the user interface and navigation. For {hardware} wallets, have a look at display screen dimension and whether or not there’s a touchscreen or buttons.

Even in the event you’re a crypto knowledgeable, you may need assistance in some unspecified time in the future. Look for features like 24/7 buyer assist, person boards, and well-written manuals and FAQs.

Supported Cryptocurrencies

Some of the wallets on our checklist solely assist one crypto or one kind of crypto. Electrum solely works with Bitcoin and MetaMask solely works with cryptocurrencies on the Ethereum blockchain. If that’s all you’re searching for, no drawback. But if you wish to discover a range of cash, you want a wallet that helps that purpose.

An excellent wallet will make it straightforward to see which currencies they assist. Many of them additionally continue to broaden the property they work with.

Reputation & Reliability

When you analysis a wallet, look into the corporate that sells or helps it. Find out how long they’ve been in business and whether or not they’ve skilled any hacks or different points. An organization’s status can inform you a large number about how secure it’s going to maintain your money.

Unfortunately, the world of cryptocurrency investing is rife with scams. Using a dependable, well-known wallet will assist maintain you secure.

When you do determine on a wallet, watch out once you enroll and once you entry it. Double-check the URL earlier than getting into any data.

Price

The price of your wallet will rely on whether or not you favor a hot or cold wallet. The cold wallets on our checklist range in price from $49 to $221.

Software wallets are sometimes free to download however you pay transaction charges. These charges range relying on the exchange used for trading. Some wallets have an exchange, whereas others associate with third-party exchanges. Some, like Electrum and Wasabi, allow you to pay extra for a quicker transaction.

FAQ Best Crypto Wallets

Choosing a cryptocurrency wallet may be overwhelming. Here, we’ll reply some frequent questions on how wallets work, kinds of wallets, security, and extra.

What Is a Crypto Wallet?

Crypto wallets don’t really retailer your cryptocurrency. Since cryptocurrencies are solely digital, they aren’t “stored” anyplace. Instead, there’s merely a document of transactions, which is saved on the blockchain.

What crypto wallets do is securely retailer your private keys.

Think of your private keys because the passwords that let you entry your cryptocurrency. Without them, neither you nor anybody else can entry your funds. That implies that it’s important to maintain your private keys secure.

How Do Crypto Wallets Work?

Each crypto wallet has an address. When somebody sends, buys, or sells cryptocurrency, they’re transferring possession of these cash or tokens from one address to a different.

For a switch to undergo efficiently, every wallet additionally wants a public key and a private key. These keys appear like a string of letters and numbers. The crypto wallet supplier generates the general public key.

Only the wallet’s proprietor ought to know the private key.

A transaction is just profitable if the wallet proprietor’s private key matches the general public key assigned to that wallet.

Whenever you ship or receive cryptocurrency, your wallet will confirm each keys. As long as they match, the balance in your wallet will go up or down by the transaction amount.

What’s the Difference Between a Hot Wallet and a Cold Wallet?

A hot wallet can also be known as a software wallet. These wallets connect with the web. Examples embrace desktop, mobile, and browser-based wallets.

Cold or {hardware} wallets don’t connect with the web. They are bodily units that usually connect with your laptop or phone utilizing a USB cable or Bluetooth.

Some cold wallets don’t even connect with a pc, which known as air-gapped operation. They use built-in batteries for charging and QR codes or reminiscence cards to switch information. By avoiding Bluetooth, WiFi, and USB connections, they continue to be totally remoted from the web.

Both kinds of wallets maintain your private keys secure, however cold wallets are essentially the most secure option.

What’s Safer, a Hardware or Software Wallet?

While many software wallets are very secure, {hardware} wallets are the most secure option. Because software wallets connect with the web, there’s all the time a slight probability they are often hacked.

One caveat is that in case your cold wallet itself is misplaced or stolen, it might be not possible to recuperate your crypto. Always maintain your crypto wallet in a secure place!

Some cold wallets, just like the Ellipal Titan, do offer restoration choices in case you lose your machine. If that is one thing you’re involved about, analysis the choices earlier than you buy.

Are Exchange Crypto Wallets Safe?

Crypto exchanges, websites the place individuals can buy and sell crypto, sometimes additionally offer storage. Many traders take into account this the least secure place to retailer your keys.

Consider the Mt. Gox incident, which concerned an exchange shedding 850,000 bitcoins.

If you’re trading small quantities and utilizing a good exchange, it’s doubtless secure to retailer your keys with them quickly. But, we advocate transferring to one of many wallets in our checklist above as quickly as you possibly can.

Why Do I Need a Crypto Wallet?

Many crypto exchanges will retailer your keys for you. To maintain your keys and your funding actually secure and secure, nevertheless, you want a crypto wallet.

Your keys are merely extra weak in the event you retailer them exterior a wallet. You additionally don’t have management over them your self. That’s why you’ll hear the phrase “not your keys, not your coins.”

If you trust a 3rd celebration together with your keys, you’re basically trusting them together with your money. Even in the event you use a good website, there’s no want to present another person management in the event you don’t should.

Keeping your keys in a wallet doesn’t imply there’s zero hazard, but it surely reduces risk.