The best crypto wallets are user-friendly, offer secure storage, and support multiple operating systems. These wallets also allow users to access their funds from anywhere in the world.
If you’re looking to start trading cryptocurrencies, choosing the right wallet is essential. To help you make an informed decision, we’ve ranked the top wallets based on security, privacy, user experience, and accessibility.
Metamask
Metamask is a browser extension that lets users access Ethereum-based dApps and decentralized exchanges (DEXs). It also allows users to interact with smart contracts.
The wallet supports many of the most popular Ethereum tokens, including Tether and DAI. Its ability to interact with a variety of dApps is what makes it so popular.
However, the wallet is not as secure as cold storage wallets like Trezor or Ledger. Its online nature makes it susceptible to hacks, malware and social engineering attacks.
To keep your private keys safe, it is important to use a strong password and save your seed phrase (also known as your secret recovery word). This secret recovery word is the only way to restore your wallet if you lose access to your machine or device.
Metamask also offers a mobile app for iOS and Android. It provides a digital token wallet, key vault and login to enable users to manage their assets and access decentralized exchanges.
Coinbase Wallet
Coinbase Wallet is one of the most widely used and trusted cryptocurrency wallets on the market. It is available as a mobile app and browser extension and comes with support for hundreds of thousands of cryptocurrencies.
Its main feature is its self-custody, which allows you to keep all your crypto assets in one place. The wallet also gives you access to a variety of dapps and thousands of tokens, making it easy to buy, sell, stake, and swap digital currencies.
This crypto wallet is backed by the Coinbase exchange and offers a safe, secure way to store and send cryptocurrencies. It also offers a range of features for trading, including staking and non-fungible tokens (NFTs).
This wallet is a great choice for crypto investors who want to move their funds off a custodial exchange and into their own hands. It supports many cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. It also provides access to a wide variety of dapps, such as NFT marketplaces and staking tools.
Mycelium
Mycelium is a popular cryptocurrency wallet that offers multiple features for all types of users. It is compatible with hardware wallets and offers a wide range of secure storage options for your coins.
Mycelium also supports the use of paper wallets, which are paper files that contain the private keys to your Bitcoin addresses. These are a great way to store your coins offline without internet access.
However, paper wallets are not as secure as hardware wallets and can be easily damaged or lost. This means that it is important to keep them in a safe place and never leave them unattended.
Mycelium also has a Local Trader feature, which allows you to buy and sell your coins at local exchanges. This is a convenient and safe option for those who want to trade cryptocurrencies at local markets.
ZenGo
ZenGo is a next-gen non-custodial crypto wallet that offers a secure way to manage your digital assets. The wallet uses Multiparty Computation (MPC) cryptography, a revolutionary approach that prevents private key theft and account takeovers.
This innovative security system ensures that any attacker will need both the device and the servers in order to gain access to your funds. Furthermore, the wallet implements some of the highest levels of security when compared with the range of other crypto wallets available on the market.
Moreover, the wallet also offers a unique feature called “APY” – which allows you to earn a passive interest on your crypto holdings. This makes the wallet a perfect solution for investors looking to grow their investment without having to worry about it being stolen or lost.
The service is free to use and can be accessed on desktop, tablet or mobile. It supports a variety of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). You can buy and sell crypto using your credit card (Visa and Mastercard), Apple Pay, bank transfers (SEPA and Swift) or debit cards (using Maestro).
