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10 Best Cryptocurrency Wallet Apps and Services you should check out now


You need a wallet to store your digital assets. These can be cryptocurrencies, like Bitcoin and Ethereum, or anything else that’s digital. Crypto wallets are the safest way to store your digital assets. They provide secure storage of your cryptocurrencies, which are like cash in the form of numbers and letters.

The best thing about cryptocurrency wallets is that they allow you to store your cryptocurrency securely, while still allowing you to access them easily. This makes it possible for you to invest without having to worry about the safety of your digital currency.

Cryptocurrency wallets enable users to securely store their digital currencies and tokens in one place. They often also allow users to buy, swap, lend and earn cryptocurrency, similar to how your bank account lets you access savings and loan products.

Cryptocurrency has been on the rise since the invention of Bitcoin, and many people want to get in on the action. We've rounded up the best wallets for crypto-enthusiasts, so get yours today! This article will explain what is cryptocurrency, the different types of wallets, how they work, and which wallet you should choose.

Beginner-friendly wallet - Coinbase

Why we choose coinbase: It works in a similar way to other digital wallets, where you simply store and send your cryptocurrency through it. It’s super easy to use too, making it the ideal wallet for those who are just getting started with cryptocurrency.

It's an excellent wallet for beginners who don't have a lot of experience. The app can connect to most major bank accounts and has an interface that is welcoming and easy to navigate. The largest hot wallet on this list supports over 500 cryptocurrencies and can store non-fungible token(NFT) and digital collectibles.

The main difference between Coinbase the exchange and the Coinbase wallet is that the exchange is where you purchase and sell cryptocurrencies. On the other hand the wallet is where you keep them safe. If you use the Coinbase wallet without an account with Coinbase, it’s easy to lose your money or your credit card number. It’s also hard to get back any of your funds that are held in escrow by Coinbase.

Pros:

       User-friendly interface with easy navigation

       More than 500 cryptocurrency support

       2-factor authentication support

       Backed by an established trading platform that is able to recover lost or stolen assets

Cons:

       There are several vulnerabilities

       Only compatible with mobile and tablet

Best bitcoin crypto wallet - Electrum

Why we choose Electrum: This wallet is a lightweight but durable solution that can be used for everyday carry, keeping your Bitcoins safe and secure.

Electrum is one of the most popular cryptocurrency wallets today, and for good reason. It’s the most user-friendly wallet with features like low fees and quick transactions. It’s also the most popular because of its strong security features that rival some of the most expensive, top-notch security companies. For example, it stores your private keys in a secure, offline location — meaning you can use this wallet from anywhere as long as you have access to the internet.

Pros:

       The fast and easy setup process

       More secured than other hot wallets

       Flexible transaction fee

       No downtime

Cons:

       Only made for BTC

       The setup process is a bit advanced

       Less customer support option with having no connection with mail, chat or call

Best mobile-friendly wallet - Mycelium

The reason to choose Mycelium: It was one of the first crypto wallets on the market, and it’s the best choice for beginners. This is only available on mobile with both support of ios and android. But there is no desktop version available till now.

Mycelium is one of the only wallets to support buying bitcoin with regular fiat currency and it’s easy to use, too. All you have to do is add a debit card or bank account and you can instantly convert your currency into bitcoin. Once you've bought the crypto, you can spend it like normal, and the wallet will automatically convert it back into your local currency once you've spent it.

Two of the major highlights of the wallet are Mycelium's security and transaction options. The app's code can be duplicated and compared to the original in order to find any potential security issues, and it has several levels of pin protection. The wallet app has custom transaction fees with four recommended levels, low priority, normal, economic, and priority, as well as several different types of user accounts.

Pros:

       Compatible with Ledger, Trezor, and KeepKey type cold storage

       Different types of accounts are available. Like: HD spending account, Single address saving account

       Tutorial and crypto swap available

       Has a great features like offline transaction

Cons:

       Not has the best security as hardware wallets

       Only supports a few coins like bitcoin, ether, erc-20

       The user interface could be more beginner-friendly

Best crypto wallet to use offline - Ledger Nano X

The reason behind choosing Ledger Nano X: With the number of supported currencies, Ledger Nano X offers the highest level of security and mobile trading capability of all the wallets we tested.

The Ledger Nano X is an expansion of Ledger’s most popular hardware wallet with the added benefit of a built-in battery. You can now use your Nano X as a mobile wallet or keep it with you at all times with its enhanced security.

The Ledger Nano X is an enhanced version of the original Ledger Nano S, offering an added built-in rechargeable lithium-ion battery and compatibility with Ledger Live. It offers increased security thanks to the enhanced PIN protection and support for the BitID biometric authentication method.

The Ledger Nano X is the latest in a series of digital assets wallets made by the team at Ledger. The latest iteration of the Nano is the company’s first hardware wallet and is currently priced at $119. It features a 128 x 64-pixel screen. The Nano X is equipped with Bluetooth Low Energy for near-field connectivity. It supports over 1800 coins and tokens available in the market. You can also use the Ledger Live app on an iPhone or Android device to transfer and exchange digital currency from your hardware wallet.

Pros:

       Large amount of coins and tokens support

       Hardware built security key

       Bluetooth enabled to use Ledger Live on the go

       Huge batter to cover 8h of support

Cons:

       Expensive option than other cold crypto wallets

       Bluetooth could be vulnerable

       No-touch support

Best desktop crypto wallet: Exodus

Why Exodus in our list: Exodus is an excellent digital asset wallet for desktops. It is extremely fast and easy to use and has a wide range of functionality.

One of the most visually intuitive wallets on the market is the Exodus. Exodus was originally a desktop-only wallet. But now has apps for both mobile devices and compatibility with a popular hardware wallet brand. The wallet is updated every two weeks. The desktop wallet application is not that much good as it is still the core offering.

Exodus offers many currencies, including many major world currencies, as well as multiple digital and crypto-currencies. The Bitcoin wallet allows for up to 145 different cryptocurrencies. A list of established altcoins includes Ether, Litecoin, XRP, and Bitcoin Cash, as well as popular meme coins like Dogecoin and Shiba Inu.

Pros:

       Compatible with Trezor T and Trezor One

       145 cryptocurrency support

       Apple Pay integrated

Cons:

       A transaction fee is high for in wallet crypto swap

       No 2-factor authentication is available

Best decentralized finance (Defi) crypto wallet: Crypto.com

Why Crypto.com is best for defi: We chose Crypto.com as the best defi crypto wallet because of its variety of tools and services that make crypto easy and accessible for everyday consumers.

Crypto.com is bringing the future of finance today. The cutting-edge wallet app and fully licensed card network enable our users to take control of their finances. The excitement is in the air to launch DeFi services for everyone. The Crypto.com DeFi Wallet is an easy-to-use wallet with a number of features to help users keep their money safe, spend it more easily, and earn passive income through lending, trading, and borrowing.

With our unique mix of credit, debit, prepaid, and investment cards. It also has crypto wallets, consumer lending, and an array of Dapps. Crypto.com gives people around the world the freedom to manage and spend their money however they choose. Crypto.com is fully supported in all 50 states and more than 170 countries.

Pros:

       More than 100 crypto coins including BTC, ETH, LTE, and others

       Can earn interest over 35 coins

       Can choose trading fee and confirmation speed

Cons:

       Some geo-restrictions on in-app coin swap

       Can't access it if you lost your security key and phrase

Best secured crypto wallet - Guarda

Why Guarda is best:  Guarda Wallet user-friendly yet secure, and easy to use a cryptocurrency wallet. It allows users to buy, swap and earn via stacking.

Best-in-class security features and privacy protections are at the heart of Guarda Wallet. And because Guarda Wallet is a multi-currency wallet you can have access to multiple currencies all in one place. It's the easiest and most secure way to manage and protect your cryptocurrency assets.

Multi-platform wallet app that lets users manage multiple cryptocurrencies and tokens via a web interface, a Chrome browser extension, a desktop client, or a mobile app. It is easy to use and intuitive for anyone to get started with. Just download the app and you’re ready to spend.

Pros:

       Secured transaction

       Huge asset support of over 400k+ assets online

       Gives users the option to use lend, borrow, earn and swap feature

       Biometric authentication

Cons:

       Fees are a bit high than others.

Some honorary mention for the crypto wallet to use nowadays

Metamusk

MetaMask is a Web 3 wallet that’s been adopted by the world of decentralized finance and the emerging Web 3 economy. With more than 30 million users worldwide, it’s a tool that everyone needs to be aware of.

MetaMask is a great tool for crypto newbies and even more experienced investors to explore the decentralized world. It’s compatible with most major decentralized exchanges and an ever-growing array of decentralized apps (dApps), making it the easiest way to get started in cryptocurrency.

Users can easily swap and buy cryptocurrencies with a variety of methods, including extensions for browsers and phones, and it supports multiple currencies including Ethereum, Polygon, Binance, and Avalanche.

The more we use blockchain technology, the less we need centralized institutions. Metamask is still in its early stages. So MetaMask has limitations, it does support Bitcoin and Solana. So, it is a very good place to store those funds that are decentralized.

Trezor Model T

The Trezor Model T is having the same facilities like the Ledger. A name is synonymous with crypto-cold wallet storage. Its second-generation hardware wallets, the Model T, are more secure and are ready to go. It offers a sleek look and a new way to manage cryptocurrencies by allowing the user to import coins from external exchanges.

Don't know why it would cost a lot more than the iPhone. It has an expensive price tag of $195!

Ledger Nano S

One of the first hardware wallets to ever be made was introduced by the Ledger Nano S. It's compatible with over 1800 Cryptocurrencies. Users with more modern phones may have trouble connecting to their devices because the Nano S doesn't have a USB type-c cable.

The Nano S is basically the same as the Nano X. It's missing a couple of features. Both of them support the same list of cryptos and use the Ledger Live software. While the Nano S lacks Bluetooth connectivity, it stores up to three apps versus the Nano X which stores more than 100 apps at once.

The Nano S only holds enough space to create wallets for a few cryptocurrencies at a time. If you had to delete an app to add a new type of cryptocurrency, they say it wouldn’t affect your assets.

How you can choose the best cryptocurrency holding wallet for you

How much do you use your wallet a day?

How often you plan to use your crypto wallet is an important factor in choosing one that's right for you.

If you're looking to store a large amount of digital currency over the long term, you should secure your digital assets offline in cold storage using either a hardware or paper wallet.

Does the number of cryptocurrencies matter to you?

If you want to diversify your portfolio, it's time to pick a multi-asset wallet that allows you to store thousands of digital assets, such as BTC, ETH, LTC, DASH, EOS, XRP, IOTA, and others.

When security is the main concern for you

Security is a big factor in choosing a wallet. You may be looking for a desktop wallet you can secure with an encryption password. You want the best security possible for your wallet. You need a wallet that has a backup feature that works for you.

Common FAQ for cryptocurrency wallet

What is a crypto wallet?

A cryptocurrency wallet is a digital wallet that lets you keep track of and spend your cryptocurrency holdings. These wallets don't actually store any cryptocurrencies, but they do allow you to create a secure offline wallet so you can securely store your cryptocurrencies.

A blockchain is a ledger for crypto-currencies. It holds the identity of each holder of each digital currency and is the transaction record for each cryptocurrency. Cryptocurrency wallets need to locate the cryptocurrency associated with your address across the blockchain, which is why they must interact with it.

What are the most common types of crypto wallets?

There are many different types of wallets, including paper, hardware, and software. Hardware wallets are the most secure, but they can be cumbersome to use. Software wallets are easy to use, but not as secure. Paper wallets are the least secure, but the easiest to use.

Hot wallets are convenient, but they are also more vulnerable to security breaches.A cold wallet is the most secure type of wallet because it has no connection to the internet. A cold wallet is the most secure type of wallet because it has no connection to the internet.

How does a crypto wallet work?

Cryptocurrencies are decentralized digital currencies that use peer-to-peer networking to facilitate instant payments. Their public and private keys provide users with secure access to their funds.

A wallet’s public key is the address to which you can receive funds and the private key is what you use to access your funds to make transactions. Think of the public key as your bank account number and the private key as your bank account PIN that you use to log in and make payments.

The final words

We looked at more than a dozen bitcoin wallets worldwide and chose the top hot and cold wallets based on factors like security, costs, and customer reviews.

You have to be extra careful about where you carry your money. So, use a wallet that is well used and has many security features.

When choosing a wallet it's important to choose one that works well with some of the larger exchanges so that you can quickly complete transactions in the open market.