Cryptocurrency is proving to be a long-lasting financial trend. In the financial world, cryptocurrency is both loved and hated passionately. It is the new Wild West. Whether you are a seasoned investor or someone who is just dabbling because you are curious, the process for buying and exchanging cryptocurrency is similar across the board. It is important to stay up to date because blockchain technology is always changing and the right exchange and the best cryptocurrency wallet is pivotal to your crypto-trading. Read on to learn about the 10 best cryptocurrency wallets!
Crypto Currency Wallet FAQ
1. What Is Cryptocurrency?
2. What Is a Cryptocurrency Wallet?
3. What Is a Cryptographic Key?
4. What Does a Cryptocurrency Wallet Do?
5. How Does a Cryptocurrency Wallet Work?
6. Where Can You Buy Cryptocurrency?
7. What Should You Look For in a Cryptocurrency Wallet?
Comparison Table
How We Reviewed the Best Cryptocurrency Wallets
There are many types of cryptocurrency wallets and many companies that manage them. To help give you a sense of what the best cryptocurrency wallet for you is, we researched and reviewed 10 of the best cryptocurrency wallets based on the following criteria: security, type of wallet, and how many types of digital assets the wallet supports.
Overall Price Range of Cryptocurrency Wallets
Most hot wallets that are software based are free to enter and download. Cold wallets that are a hardware version of a cryptocurrency wallet range from around $ to around $$ and can be found on Amazon.
What We Reviewed
Ledger Nano S
Features
The Ledger Nano S is a hardware style cryptocurrency wallet. It works like a USB drive and you need the Ledger Nano S plugged in to confirm your transactions. It is an extremely safe cryptocurrency wallet. It is unhackable as you physically press two buttons to confirm a transaction and malware proofed so there is no risk of a private key getting on the internet. This style wallet is good for transactions with Ethereum, and the wallet stores unlimited coins and holds over 30 different cryptocurrencys including Ethereum and Bitcoin. So if you are an investor looking for security with great storage this is definitely a good option.
Pros
Cons
Cryptocurrency Hardware Wallet
- 【Support Cross-chain & Multi-currency】ELLIPAL has created an universal occw (open Cross chain wallet) Protocol which allows the wallet to support multi-chain account systems and multi-cryptocurrency (includes but is not limited to btc, bch, eth, eos, trx, dash, doge, digibyte, ltc, xrp, etc, usdt, cmt and all trc10&20 erc20 Tokens). Visual interface ensures the data exchange process is under your full awareness and total control
- 【Totally Air-Gapped&Network-Isolated Wallet】ELLIPAL Titan brings the most secure air-gapped tecnology and hardware together. It does not connect to any network or other devices. Information cannot be stolen from it through a network nor can it be controlled remotely. Titan also reinforced with strong metal casing to resist against any physical abuse. It is also IP65 rated dust proof and water proof.
- 【Android & iOS APP】ELLIPAL works seamlessly with its companion app allowing you to manage your accounts, connect to exchanges through your smartphone and keeps you updated with real-time market information. This one-stop app increases operation convenience without sacrificing security, every transaction initiated by the app would require a 2-step verification process with the cold wallet.
- 【Reliable Security Adapter】Bulit-in security adapter design. Insert the ELLIPAL security adapter to the bottom of the device. Then insert the charging cable to the adapter. Providing offline firmware update and charging. Protect your device from any remote attacks.
- 【Auto-wiping & Fast Recovery】have you worried about the assets security If this hardware lost? ELLIPAL Features auto-wiping that will clear all data while the wallet detects any security breach. All your data can be simply restored on another ELLIPAL device by using the 12-word mnemonics. No more worry about the potential risk of hardware lost
Features
The Ellipal Cryptocurrency Hardware Wallet is the luxury version of a hardware cryptocurrency wallet. It is built by the same company as the Ledger Nano S but has more options. It has the most advanced security on the hardware market today and supports over 20 different types of cryptocurrency. The design is stylish and looks like a mini ipad but is definitely not for entertainment. It has a Bluetooth and a rechargeable battery so you don’t have to be plugged in to use it.
Pros
Cons
KeepKey
Features
KeepKey supports transactions for 6 different cryptocurrencies, Namecoin, Bitcoin, Dogecoin, Dash, Litecoin, and Ethereum. This hardware cryptocurrency wallet is more affordable than either of the Ledgers but is still secure with malware proofing and advanced security systems. When plugged in the KeepKey integrates with the software you’ve downloaded on your computer and you may make transactions.
Pros
Cons
Jaxx
Features
Jaxx is new to the blockchain space and is trying to simplify the blockchain experience to make it accessible for everyone. The Jaxx wallet is a multi-chain and supports Bitcoin cash, Litecoin, DAO, and many others. Their software is super user-friendly and works on desktop and mobile. You have full control of the wallet and don’t have to verify on the back end. Jaxx values privacy so they don’t have verification of personal information in the sign-up or login process. So this is a good option for someone looking to speculate.
Pros
Cons
Price
This cryptocurrency wallet can be downloaded on Jaxx’s website for free.
Trezor
- CUTTING EDGE TREZOR MODEL T is a hardware device that securely stores your private keys to your digital assets, from cryptocurrencies to passwords. You will enjoy total security and easy access to your digital identity when you need it. This is a must for anyone who uses crypto in daily life and wants to protect their digital identity against threats. Works with USB-C and microSD card.
- TOUCH SCREEN DISPLAY Designed for your confidence and ease-of-mind the Model T features a touchscreen, giving you an intuitive and convenient interface to interact directly with the device to verify and approve all operations.
- SETS UP IN 3 QUICK STEPS. 1) Connect to your computer or phone, 2) open trezor.io/start in your browser, 3) follow the simple instructions. Works seamlessly on Windows, macOS, and Linux. This is the super easy to use tight security you need to effectively avoid hacks, theft, and loss of your assets.
- INCLUDES EVERYTHING you need: a USB cable, User Manual, and Recovery Seed Cards. Model T comes in a popular black color. Made of highly durable materials with no toxins or harmful chemicals. Safe to use for 24/7 protection.
- 100% MONEY BACK GUARANTEE ensures this will quickly become your favorite no-risk purchase. Please return unused. This makes a fine birthday gift, holiday present, or anniversary gift for anyone who values exceptional security for confident, no stress crypto transactions.
Features
Trezor is another more affordable hardware cryptocurrency wallet option. It also works as a USB and plugs into a computer to use and when you unplug the wallet, the Trezor is completely turned off. Their security system uses the “Zero Trust Approach” that has a login pin with lots of built in protection for the pin and provides recovery seed if your wallet is lost or stolen. The wallet supports 14 different currencies but was specifically made to support Bitcoin.
Pros
Cons
Guarda
Features
Guarda is a multi-currency wallet. It has cool features to protect your currency. They store no client information. So your wallet data and the security key isn’t also held by Guarda. When you log in the private key is held by Guarda’s secure memory and then deleted from its server when you log out. This is another good option for someone who wants transaction privacy, Guarda requires no registration or identification to shift from one currency to the other. Currency trading is also easy with their inbuilt currency trading portal.
Pros
Cons
Exodus
Features
Exodus is a computer-based cryptocurrency wallet and transaction platform. The design is very sleek and user-friendly with great colorful visuals that help you understand your transactions and currency. It is specifically good for someone new to the cryptocurrency world. Transactions follow a simple step-by-step process. It supports over 30 different currencies and making transactions is easy. Exodus has few restrictions on its transactions and is considered a lite wallet. That means there is no account set up so your key is private and you don’t have to store your entire blockchain on the desktop.
Pros
Cons
Price
This cryptocurrency wallet can be accessed on Exodus’s website for free.
CoinPayments
Features
Coinpayments is a web and digital-based wallet. They allow over 60 currencies on their platform. The wallet is full of state-of-the-art features like cold storage, vault, instant confirmation, and multiple signatures. They also integrated with Bitgo to make storage safer and transactions, specifically with Bitcoin faster and easier. You can store multiple currencies with no limit.
Pros
Cons
Price
You can access this cryptocurrency wallet through CoinPayment’s website for free.
Celery
Features
Celery was on the forefront of Blockchain and cryptocurrency development and launched their wallet all the way back in 2013. It is still considered one of the best wallets. The Celery platform is a web-based and provides transactions for three of the most used currencies, Bitcoin, LiteCoin, and Dogecoin.
This wallet is one of the best cryptocurrency wallets for beginners because of its simple and self-explanatory platform, limited currencies, and weekly transactional limits. It provides a good space for someone to learn the ropes of cryptocurrency without feeling overwhelmed. For security, Celery has integrated with case wallet which gives transactions multiple signatures.
Pros
Cons
Price
This cryptocurrency wallet can be accessed through Celery’s website for free.
Coinomi
Features
While many of the wallets we’ve reviewed have mobile applications this cryptocurrency wallet is all mobile. They have iOS, OS, and Android versions. It’s trading supports over 70 different currencies like Dogecoin and Zcash. The easy-to-use interface allows you to trade quickly and smoothly. The platform is hierarchically deterministic, which means it creates a new web address for your cryptocurrency wallet every time you make a transaction.
Coinomi values privacy so there is no registration process. Coinomi software has changed from open source to closed source. This means that their code can’t be peer-reviewed. It isn’t possible for a user to check to see if they have any malicious or exploitative code.
Pros
Cons
Price
This cryptocurrency wallet is an app that can be downloaded for free on the Apple and Google Play app stores.
The Verdict
The best cryptocurrency wallet for you will depend on several factors. Are you a beginner or a seasoned investor? Beginner investors will be best served with easy-to-use interfaces like Exodus or the Ledger Nano S. How much do you value privacy? If you are looking for no personal verification a wallet like Jaxx or Exodus is the best cryptocurrency wallet for you. If you are most concerned about safety, the best cryptocurrency wallet for you is based on hardware. You should look at wallets like the Ledger Blue. If you are looking for the best of both worlds, online but secure, a wallet like Guarda is your best choice.
Follow
Last update on 2021-05-05 at 12:58 / Affiliate links / Images from Amazon Product Advertising API
Leave a Reply