The Best Cryptocurrency Wallet of 2024
What seemed like a passing fad has now turned into a huge industry that has yet to stop growing. At the beginning of 2021, the market value of all the world’s cryptocurrencies surpassed $1 trillion. This isn’t particularly surprising, as more and more people are starting to see the advantages that these digital currencies offer.
If you’d like to join the crypto craze and begin using cryptos like you would any other fiat currency, we suggest you get a cryptocurrency wallet; there is truly no better way to store and manage your coins. Our best cryptocurrency wallet list will provide you with all the information you need to choose the one that fits your needs perfectly.
Casino
Rating
Type of wallet
Number of supported cryptos
Get Started
5
Expert Review- BTC Bitcoin
- ETH Ethereum
- LTC Litecoin
- DOGE Dogecoin
5
Expert Review- BTC Bitcoin
- ETH Ethereum
- XRP Ripple
- LTC Litecoin
4
Expert Review- BTC Bitcoin
- XMR Monero
- ETH Ethereum
- LTC Litecoin
4
Expert Review- BTC Bitcoin
- ETH Ethereum
- DOGE Dogecoin
- BCH Bitcoin Cash
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As you might have noticed from our tables above, there are two main categories of cryptocurrency wallets: hot wallets and cold wallets. To decide which of the two types would be the best cryptocurrency wallet for you, you need to know exactly what they entail.
Hot Wallets
Hot wallets are connected to the internet, thus enabling you to make everyday transactions. They are more common than cold wallets and are available in three formats: desktop, mobile, and online (web). People opt for them because they are typically quite user-friendly. Their one major drawback is that, compared to cold wallets, they usually offer less security.
Cold Wallets
Cold wallets aren’t connected to the internet by default and, as such, are considered the safer option. You connect them only when you validate transactions. There are two varieties of cold wallets: hardware and paper wallets.
Paper wallets are essentially bitcoin wallets. Nowadays, they are near to becoming obsolete simply because they are pieces of paper containing keys and QR codes, which makes them a highly unsafe solution. Therefore, when you hear someone mention cold wallets, know that they are most likely referring to hardware ones.
Advantages of Cryptocurrency Wallets
While looking for the best cryptocurrency wallet, you might wonder whether the benefit of being able to trade cryptocurrencies is worth the hassle of learning to use cryptos, not to mention the potential cost of a wallet. If you ask us, it’s definitely worth it. Of course, we don’t expect you to blindly believe us, which is why we’ve jotted down the five major perks of using these wallets.
Fast Transactions
Blockchain technology is generally faster than most banking systems. This is because crypto transactions are more direct – there is no middleman (such as a bank) slowing down the process with numerous procedures. Top crypto wallets enable you to receive payments in just a few minutes or even seconds.
Fewer Fees
Sending money abroad usually includes hefty fees. Banks and post offices – two commonly used money-transfer service providers – charge fees that range from 7% to 11%. Fortunately, this isn’t the case with cryptocurrencies. Crypto payments can be sent and received at a very low price or none at all.
Security
These days, more and more transactions are being conducted online. At the same time, there’s an increase in the number of people who have learned to access that information illegally. With crypto transactions, you aren’t required to provide your personal information (address, name, or anything similar).
Ease of Use
Best crypto wallets make handling cryptos a breeze. If you have a hot wallet installed on your phone, you just have to activate the app and type in your private key to make a transaction wherever and whenever you like. What’s more, some wallets also have integrated exchanges, meaning that you can transfer your cryptos into fiat currencies, all from within a single program.
Individual ownership
Perhaps the greatest of all the advantages of using a cryptocurrency wallet is that, unless you delegate the management of your crypto wallet to a third party, you are the sole owner of your assets.
When you transfer money into your bank account, you, in a way, hand your funds over to a third party. Yes, the money is still yours, but it’s now the bank’s job to take care of it. Although this isn’t a bad thing per se, it does mean that a financial institution could prevent you from accessing your funds by closing the account if you happen to breach its terms of service.
What Makes a Top Cryptocurrency Wallet?
Now that we’ve discussed the benefits of using a cryptocurrency wallet and cryptos in general, we’ll quickly go over the main factors you should take into account when picking out this type of payment processor.
Company Reputation
A company’s reputation should be the very first factor you take under consideration. You need to find out how long the company has been in business and whether it has experienced any hacking incidents or crypto losses. We’d also recommend that you go through a few customer reviews as well.
Security Features
It goes without saying that one of your primary goals should be to find the safest crypto wallet available, but what does that mean? Well, first of all, check if the wallet you’re examining is open-source. The codes of open-source wallets are reviewed by third parties, meaning that all issues are quickly detected and reported. Secondly, you should look for a wallet with two-factor authentication. Lastly, your chosen wallet needs to have a reliable backup mechanism in place.
User-Friendliness
You could end up hating your wallet if using it proves difficult, which is why the wallet you settle on should be easy to set up and operate. Software wallets tend to be more user-friendly than their hardware counterparts.
Convenience
A multicurrency wallet is very practical if you have more kinds of crypto coins to store. If you plan to use the wallet for just one cryptocurrency, though, you might be better off with a wallet specifically designed for it.
When it comes to convenience, we also consider a built-in exchange a big plus. Of course, this should by no means be a determining factor, but it’s certainly a handy feature to have.
Costs
Usually, the only wallets you would have to pay for are the hardware ones, which are best suited for holding on to your coins for extended periods of time. However, while conducting your crypto wallet comparison, you shouldn’t forget to check if the wallet developer charges any fees for its services.
Exodus was established in 2015 by JP Richardson and Daniel Castagnoli. They’ve used their vast experience to create a truly easy-to-use piece of software that runs smoothly. Judging by the massive number of satisfied clients, the approach that Richardson and Castagnoli took when they envisioned Exodus was obviously the right one.
What We Like
Exodus is widely regarded as the best crypto wallet for beginners due to its intuitive interface. Also, the program houses crypto exchange and portfolio management services, making the ease at which it can be navigated even more noteworthy.
Exodus used to be available only for desktop devices (Windows, Mac, and Linux), but now you can download dedicated apps for iOS and Android as well. If your device gets stolen, damaged, or you lose it, you needn’t worry, as there are two ways to safely access your wallet again. When you create your Exodus account, you’ll be given a standard 12-word recovery phrase and a backup link. That way, if need be, you’ll be able to use either of those to get your cryptos back.
This all-in-one cryptocurrency wallet supports more than a hundred cryptos. Although a couple of other wallets on our list come with a wider crypto variety, we don’t find this to be a huge disadvantage for the company. Namely, the collection of cryptos that Exodus lets you store and use contains all the currently most used crypto coins such as Bitcoin, Bitcoin Cash, Litecoin, Ether, and so on. What’s even better is that the wallet lets you store custom ERC-20 tokens as well.
What We Dislike
Like most top digital wallets, Exodus can be downloaded for free, and it charges fees for processing your transactions. Exodus keeps only a small portion of the spreads on major exchanges, while everything else goes to the miners on the blockchains. Seeing as how Exodus is highly focused on speed, the fees can become somewhat steep when the blockchain network is particularly congested. If a fee isn’t particularly tempting, the miners might tend not to prioritize your transactions.
However, to mediate this and keep Exodus among the top 10 crypto wallets in the industry, its developers have added the option to set your own custom fees for Bitcoin and Ether transactions. The feature is available on the 20.8.28 version and all that came after it.
Lastly, we must mention that although Exodus is a great product overall, it lacks two-factor authentication and multisignature addresses. Wallets with the latter functionality require more than one device to confirm a transaction, usually a wallet and a cellphone.
Pros
- Available on a variety of platforms
- Stores custom ERC-20 tokens
- Custom fees for Bitcoin and Ether
- Best for beginners
Cons
- Transaction fees
- No two-factor authentication
Ledger Nano X might just be the best hardware cryptocurrency wallet money can buy. While the wallet is relatively new to the market, the Ledger company has been around since 2014. It was founded by eight experts with backgrounds in security, cryptocurrencies, and entrepreneurship. So far, Ledger has sold about 1,500,000 of its wallets.
What We Like
A unique aspect of Ledger Nano X is that it employs a custom-built operating system called BOLOS that is integrated into a secure chip. Simply put, this makes Nano X a highly secure cryptocurrency wallet. Currently, Ledger is the only company that provides this type of security technology.
If you need further proof of this wallet’s resilience, you’ll be happy to know that Ledger Nano X is certified by the National Cybersecurity Agency of France (ANSSI). In addition to that, the Secure Element chips used in Ledger’s wallets passed a Common Criteria security evaluation, which consists of a set of guidelines and specifications that information security products should be able to fulfill.
Those looking for the best cold-storage wallet to hold multiple types of cryptos should definitely check out Ledger Nano X. It currently supports more than a thousand cryptocurrencies, and the list keeps getting longer each year.
The device has two buttons for menu navigation; to manage your cryptos, you need to connect it to either the Ledger Live desktop or mobile application via a USB cable or Bluetooth. The apps are neatly designed, so you won’t have to spend hours learning how to use them.
Although Ledger Nano X doesn’t have an integrated exchange, customers can still swap more than 50 different cryptos from within Ledger Live, thanks to the company’s partnership with Changelly.
This offline crypto wallet costs $119. To some, this may seem expensive, but if you compare Ledger Nano X to other wallets of its caliber, you immediately see that the price is quite reasonable – some of Ledger’s competitors actually charge even more for their products. To make this wallet even more enticing, the company offers a 16% discount on a three-pack bundle.
Lastly, we shouldn’t forget to mention that Nano X lets you choose your own fees.
What We Dislike
Although we believe that Ledger Nano X is among the top 10 crypto wallets one can find, we have to note a couple of issues that we’ve noticed.
Firstly, even though the two-button navigation system that Ledger Nano X has is, in essence, a good idea, it can lead to some confusion, especially when it comes to going back to a previous menu.
Secondly, despite the convenience that it offers, the Bluetooth connectivity option entails a certain security risk. To avoid that, you can just stick to using the good old USB cable.
Pros
- Custom-built operating system
- Certified by ANSSI
- USB and Bluetooth connectivity
- Attractive design
Cons
- Bluetooth connectivity a security risk
- two-button navigation
Trezor wallets are among the oldest and best hardware cryptocurrency wallets on the market. Developed by SatoshiLabs, a Prague-based company that tackles cryptocurrency security and accessibility domains, these products have become synonymous with quality. Trezor Model T is the company’s premium creation. It contains all the features that made its predecessor, Trezor One, great and, of course, numerous other improvements.
What We Like
Trezor Model T is a compact hand-held device of only 22 grams with a bright-color LCD touch screen that enables you to enter all the necessary information directly on it rather than via your computer. This is just one of the things that make Model T stand out from other best cryptocurrency wallets.
Another functionality that we are highly impressed with is the Shamir Backup. It is a private-key security system that allows you to create up to 16 shares – 20- or 33-word sequences – that can be used for crypto recovery. Trezor has a few more tricks up its sleeve when it comes to security: a two-factor authentication system, a custom PIN, and an open-source code, which can be found on GitHub.
To use Trezor Model T with one of your devices, you have to connect it to its browser-based wallet app – Trezor Bridge. Thanks to the on-screen prompts, the cryptocurrency wallet app is easy to set up and, with a little bit of practice, you’ll be able to master it in no time.
The exchanges integrated into the wallet make it possible not only to conduct transactions straight from within Trezor but also to buy cryptos with fiat money and exchange one type of crypto for another.
Trezor Model T supports more than a thousand cryptos, but if Bitcoins are your primary focus, you can switch to a firmware specifically designed for these digital coins.
What We Dislike
Trezor Model T wouldn’t be on this list if it didn’t possess the attributes of the best hardware cryptocurrency wallets. However, as impressed as we are with Trezor’s track record, we couldn’t help but notice a couple of bumps along the way.
Although Trezor Model T supports an enviable number of cryptos, some of them aren’t compatible with the Trezor Wallet interface. Luckily, you can easily decipher which coins fall under this category – the supported ones are indicated with a green check mark in the Trezor Wallet column for Model T compatibility. If you wish to use an incompatible crypto, you’ll have to download one of the third-party wallets that Trezor partners with. Therefore, we’d advise you to explore all the available choices beforehand.
Also, Trezor is among the types of cryptocurrency wallets that aren’t equipped with Bluetooth. That said, the lack of this technology isn’t a major issue; some would even welcome it as a safety precaution.
Trezor works on Windows, macOS, Linux, and Android but is unfortunately unavailable on iOS devices. Additionally, some find its design to be a bit “revealing.” Namely, most crypto enthusiasts prefer having their digital wallets resemble a USB drive. When you look at Trezor Model T, though, you can instantly tell what it is.
Pros
- Highly experienced developer
- Shamir Backup available
- Custom PIN code
- Best for storing large amounts of coins
Cons
- Not available on iOS devices
KeepKey is known as the top crypto wallet for people searching for a low-cost cold-storage solution. The KeepKey company was founded in 2014 and was acquired in 2017 by ShapeShift, a pioneering force in the crypto industry. In short, the KeepKey technology is in more than capable hands.
What We Like
Like the majority of the top wallets for keeping your crypto safe and sound, KeepKey provides you with a PIN code and recovery seeds. What sets it apart from its competitors and makes it deserving of a place among the best cold-storage wallets is its PIN-switching feature. By changing the code numbers from time to time, the wallet puts further obstacles between your coins and malicious software trying to get a hold of them.
Those that are particularly worried about criminals stealing all their digital money should know that even if a crook were to gain access to it, they’d need your actual hardware wallet to move the assets. This is because KeepKey has a button that you need to press and hold to confirm each transaction.
KeepKey has an exceptionally durable polycarbonate casing and a wide screen, which is more useful than you might think. Unlike other types of cryptocurrency wallets for cold storage, this one enables you to see the entire cryptocurrency address without having to scroll left and right.
Another feature worth mentioning is KeepKey‘s integrated crypto exchange. Interestingly, the exchange probably wouldn’t have been a part of this wallet had ShapeShift not bought KeepKey.
With everything that we have just mentioned, it is hard to believe that KeepKey comes with a price tag of only $49. As you must have deducted from our reviews above, to get a best-rated cryptocurrency wallet, you typically have to set aside at least $100.
What We Dislike
One of the main reasons this wallet’s price is below average might be that KeepKey supports just a little more than 40 cryptocurrencies. However, KeepKey’s assortment consists of all the most popular coins such as Bitcoin, Ether, Litecoin, and Dash.
Although KeepKey’s size is one of its advantages since it significantly enhances its usability, it comes with an unfortunate weight issue. For those who prefer to carry their crypto wallets around with them wherever they go, the 54 grams could be a deal-breaking drawback.
Pros
- PIN-switching
- Polycarbonate casing
- Strong security features
- Best for budget-conscious users
Cons
- Weight of the hardware
Electrum was initially created by Thomas Voegtlin in 2011, but many other developers have contributed to its source code since. It’s a safe and feature-filled wallet that was developed to cater to the needs of experienced Bitcoin users.
What We Like
Electrum’s code is written in Python, a well-known programming language, meaning that a number of tech-savvy customers can review it and thus make sure that it’s up to date and free of any issues. Aside from this useful trait, the Bitcoin wallet includes several additional security protocols. For example, it’ll provide you with a password-protected wallet file to safely store your private key, a seed phrase for backups, and a watch-only mode for when you want to keep your cryptos in one of the cold wallets supported by Electrum. Additionally, as the code is open-source, anyone can run a server. In simple terms, there is no risk of a single point of failure.
Seeing as how it doesn’t download the entire Bitcoin blockchain, Electrum takes up very little disk space. It’s also the fastest Bitcoin wallet we’ve come across. Not to mention that, through its partnership with several third-party services, Electrum can provide you with a multisignature option.
Making transactions using Electrum is quite simple, but what we were most intrigued with was the wallet’s ability to send payments to multiple addresses at the same time. This is not only convenient, but it enables you to save on transaction fees as well. The fees can be adjusted using a slider so you can manage the speed at which your transaction will be processed.
What We Dislike
Due to its numerous security features, Electrum is often referred to as the safest Bitcoin wallet currently available. At the end of the day, though, it is still a hot wallet and, as such, it’s susceptible to online attacks.
We have already mentioned that Electrum was designed with advanced users in mind. The main consequence of that approach is that it may be relatively complicated to set up and use this product if you are not a tech-head. Therefore, we would suggest that people who have dipped their toes into the sea of crypto coins only recently consider getting a Bitcoin wallet that’s a bit more user-friendly.
Another group of customers that might want to look elsewhere are those who love using iOS devices. For the time being, Electrum can only be installed on Windows, macOS, and Linux desktop devices, as well as on Android phones.
Lastly, seeing as there is much to like about Electrum, we can’t help but wish that we could store more than just Bitcoins in it. That being said, it’s still a better option than many other multicurrency solutions we’ve tried out.
Pros
- Password-protected wallet files
- Multisignature suppor
- Exceptional speed
- Best for Bitcoins
Cons
- Oriented for more advanced users
FAQ
?Which is the easiest Bitcoin wallet to use?
Exodus is often recommended to beginners because of its very straightforward user interface. What makes it even more appealing to crypto newcomers is its built-in exchange that enables swapping more than a hundred kinds of digital currencies.
?Who owns the most Bitcoin?
It’s believed that Satoshi Nakamoto has around one million Bitcoins stored in multiple wallets. If you aren’t familiar with the name, you might not realize how interesting this is. Satoshi Nakamoto is actually a pseudonym used to refer to the founder of Bitcoin. To this day, no one knows if the name belongs to one person or a collective.
?Can I have 2 crypto wallets?
There is no limit to the number of wallets that you can have; it’s actually a good idea to store your assets in more than one. Usually, people have both cold wallets (for holding on to larger amounts of cryptos) and hot wallets (for managing their coins on a daily basis).
?Is Coinbase wallet safe?
No hot wallet can be 100% safe as its connection to the internet puts it at risk of attacks. That said, Coinbase is among the most secure options that you can find. It uses top-notch security measures such as two-factor authentication and biometric fingerprint logins and stores 98% of its customers’ cryptos in cold storage.
?Which is the best wallet for cryptocurrency?
Among hot wallets, the best cryptocurrency wallet is definitely Exodus. It’s easy to use, supports multiple currencies, and has an integrated exchange. When it comes to offline wallets, it’s hard to decide which is better: Ledger Nano X or Trezor Model T. Ledger is more affordable, but its Bluetooth connectivity feature is a potential security risk. Thanks to its touch screen, Trezor is easier to navigate. However, its interface isn’t compatible with certain cryptos, which means that customers might have to download third-party wallets.