Top Crypto Wallets
Electrum (Perfect for Bitcoin Users)
Many people know electrum as one of the best wallets that you can get to store, specifically Bitcoin. It is exclusively available for Bitcoin users only, so you cannot store any other cryptocurrency in any of the Electrum wallets except if you’re using Bitcoin. Electrum wallets provide plenty of advanced features for people that have been in the world of cryptocurrency for some time.
Besides that, this wallet is open-source, meaning that it’s very unlikely that you won’t be able to access your wallets due to some downtime issues. Next, you also have the option to customize your own transaction fees and choose the level of security that you need for your Bitcoin wallet. Electrum also enables you to:
- Customize your own seed phase
- Choose between SegWit and legacy Bitcoin
- Use multi-signature feature
- Activate two-factor authentication (2FA) for maximum security
Ledger Nano S (Great Hardware Wallet)
Ledger Nano S is one of the earliest crypto hardware wallets that was made in the world. It was initially introduced by Ledger back in 2016, and believe it or not, this hardware wallet is now fully compatible with more than 1100 cryptocurrencies.
However, just like any other traditional alternatives, these hardware wallets do come with some disadvantages. For instance, this wallet doesn’t have any USB-Type C cable, which makes it more difficult for many smartphone users to link the wallets to their favorite devices.
This wallet also has a limited internal memory as it only allows you to install up to 5 different cryptocurrency wallets. Currently, this hardware wallet cost around $59, which is quite a bargain for those that only need to store a maximum of three crypto applications. On top of that, you will also gain access to the Ledger Live application, where you will be able to manage all of your cryptocurrencies easily anywhere, anytime.
- Offered at an affordable price
- Supports a wide variety of cryptocurrencies
- Provides a high level of security
- Perfect for storing multiple types of coins
- Suitable to be used for beginners and professionals
Exodus (Ideal Wallet for Beginners)
Exodus is a perfect crypto wallet for those that are just starting to get to know about cryptocurrency exchanges and transactions. This wallet provides a simple and straightforward user interface that enables you to exchange between 100 cryptocurrencies at the tip of your finger. Apart from that, this wallet also offers an excellent quality of customer support that will allow most beginners to get some backup while getting used to their crypto transactions.
Although most advanced users might find the simplicity of the wallet to be quite frustrating, it will definitely leave no room for any confusion for most beginners. Next, you will also be able to complete your transactions much faster and set fees according to your own terms. However, one of the disadvantages of Exodus is that it is closed-source, which means that it might be worrying for some people when dealing with security concerns.
- A mobile application is available for your convenience.
- Users are allowed to retain their private keys.
- Beginner-friendly and it’s very easy to use
- Support plenty of popular cryptocurrencies
- Stunning user interface
- In-app crypto to crypto exchange is enabled
Trezor Model T (Best to Store Multiple Cryptocurrencies)
Trezor Model T is a second-generation hardware wallet that is best used as cold wallet storage. This wallet also allows you to have a full-access to many third-party exchanges via the official Trezor website. This hardware wallet is perfect for any beginners and has an incredibly user-friendly interface.
One of the best parts about this hardware wallet is that it has a touch screen feature that allows you to manage your assets easily with your fingers instead of using buttons. On top of that, it also supports more than 1000 different cryptocurrencies. This allows you to store multiple cryptocurrencies in a single wallet, making it easy for you to store them. The purchase of this hardware wallet also comes with a micro SD card slot and a USB Type-C cable.
The only drawback of this hardware wallet is that it may be quite expensive for some people, making other free alternatives look more appealing to most people. However, if you’re willing to invest a huge amount of money in securing your cryptocurrencies, then Trezor Model T is definitely for you.
- Very easy to set up
- High level of security
- Supports up to 1000 cryptocurrencies assets
- Touchscreen user interface
- Perfect for beginners
- Support multisignature
- Completely open-source
- A passphrase is also supported.
- The universal second factor (U2F) is supported.
Mycelium (Best Crypto Wallet for Smartphone Users)
Mycelium has been around for quite some time, and they are considered to be the best crypto wallet, especially for smartphone users. This crypto wallet is completely open-source and is currently available to smartphone users. Mycelium currently supports some of the most popular cryptocurrencies, which includes Bitcoin, ERC-20 tokens, FIO token, and Ethereum. The user interface of this crypto wallet enables you to set your own fees for the transactions.
On top of that, you may also choose the duration of time that you want for the transaction to be completed. One of the best features about Mycelium is that it also provides hardware wallet support which means that you could store all of your cryptocurrency completely offline. This will help you increase the level of security to secure your assets, and it will also make it easier for you to access them in the future.
- The connections are extremely fast and smooth
- You also have the option to access your wallet via your web browser.
- Mycelium is completely compatible with major cryptocurrency hardware storage such as Trezor and Ledger.
- A famous, trusted, and well-established wallet with an excellent reputation
- Fully open-source
- Users are allowed to create multiple accounts
- Offline transactions are allowed