Available Wallets
On this page you will find a list of some of the top rated available wallets available for cryptocurrencies.
Online Crypto Wallets
Online cryptocurrency wallets are also referred to as “hot” wallets, and are not considered a secure option for long-term crypto storage. Online crypto wallets are in almost every case operated by cryptocurrency exchanges, and are not safe places to store cryptocurrency.
An online wallet is essential, however, for purchasing or trading cryptocurrency. Below, we’ve identified the best online crypto wallets.
Coinbase
Coinbase is an online cryptocurrency exchange and brokerage that offers users a browser-based exchange UI alongside a dedicated mobile app for iOS and Android. The Coinbase wallet supports a diverse range of cryptocurrencies, and integrates a number of features that allow users to participate in ICOs, access airdrops, or interact with decentralized applications.
Kraken
Kraken is widely considered one of the most secure cryptocurrency exchanges and, notably, has never experienced a hack or loss of user funds. Kraken provides users with access to cryptocurrency wallets for many different cryptocurrencies, and offers a simple, easy to use wallet interface.
Wallets hosted with Kraken offer enhanced security features such as email confirmations for withdrawals, configurable account timeout, time lock settings, and two-factor authentication. While online wallets are the least secure option for holding cryptocurrency, Kraken is the “least insecure” online wallet available.
MetaMask
Metamask is a cryptocurrency wallet browser extension that supports ERC-20 tokens — cryptocurrencies issued on the Ethereum blockchain. The Metamask browser plugin provides private key access and is typically used to interact with web-based decentralized applications.
Compared to a cryptocurrency hardware wallet, which is functionally equivalent to a bank vault, Metamask can be considered as the wallet or purse you keep in your pocket for everyday purchases. Metamask is not a secure means of storing cryptocurrency, but is an effective and simple way to connect to and use decentralized applications online.
Blockchain.com
Having entered the blockchain industry as Bitcoin block explorer, the platform has gradually grown into a wallet with the motto ‘Be your own bank!’. There are over 40 million wallets with the transaction volume of $200 billion. There are low commissions and excellent security to prevent the unsanctioned access to your assets. You can choose one of three security levels to protect your account.
Being a web-based wallet, it can be accessed from any device and platform. There are great mobile apps for Android and iOS to access the wallet easily.
Blockchain wallet has a number of features that make it even more appealing. There is a built-in exchange and a ‘Lockbox’ feature to connect the online wallet to a hardware one. Recently, it introduced USD PAX to store digital dollars in the wallet.
Software Wallets
Software wallets are a more secure means of storing cryptocurrency while making it instantly accessible at any time. Unlike online exchange wallets, software wallets are managed entirely by the user, including private keys — but remain connected to the internet.
A software wallet is typically installed on a PC or smartphone, and allows users to record and store their private key, set up recovery phrases, and remain in control of their crypto at all times. A significant drawback of software wallets is that they are only as secure as the device that they are installed on — if the laptop you install a software wallet is hacked, for example, it’s likely that your software wallet will be compromised.
Many software wallets offer direct compatibility with hardware wallets, streamlining hardware wallet management.
Electrum
Electrum isn’t the most user-friendly wallet available today, but is one of the best Bitcoin-only wallets available. The original Electrum wallet application was published in 2011, making it one of the oldest wallet solutions in existence. The open-source nature of Electrum makes it possible for anybody to audit the code that drives it, making it a highly secure option.
Using Electrum, it’s possible to customize a wide range of security options. Electrum allows users to create complex wallets such as 2FA wallets or multi-signature wallets, delivering the greatest flexibility of any dedicated Bitcoin wallet available today.
Exodus
Exodus offers software wallet apps for both PC and smartphone, and is an ideal software wallet solution for new crypto users. The Exodus app offers a built-in exchange alongside an extremely simple and easy to understand interface, while still providing the features expected of a software wallet.
Exodus supports an extremely wide range of cryptocurrencies and allows users to manage their own private keys. It’s important to note, however, that Exodus is closed-source, which means it’s not possible for the cryptocurrency community to audit the code that drives the Exodus app — users are forced to trust the developers of Exodus that the app is secure.
Coinomi
Coinomi is a smartphone-focused crypto wallet that supports over 200 different cryptocurrencies, making it the ideal solution for a mobile multi-currency wallet. Coinomi isn’t the most secure crypto wallet on this list, as older versions of the Coinomi app have been targeted by hackers, but recent changes to the Coinomi code appear to have fixed this problem.
Coinomi functions as a reasonably secure mobile wallet for iOS and Android, but it’s best used in combination with a hardware wallet for storing large amounts of cryptocurrency in a secure manner. Importantly, Coinomi allows users to hold their own private keys, and offers a relatively easy to understand user interface.
Crypto.com
Crypto.com’s DeFi wallet is a non-custodial wallet that gives you access to a full suite of DeFi services in a single place. Also, you’ll have full control of your cryptos and your keys and can easily manage more than 100 coins.
It’s easy to important your existing wallet, and it allows you to send cryptos at your preferred confirmation speed and network fee. What’s more, crypto.com’s streamlined web app lets you farm and swap DeFi tokens directly from your DeFi wallet.
BlockFi
With a BlockFi Interest Account (BIA), your cryptocurrency can earn up to 8.6% APY. The BlockFi Interest Account lets you earn interest in crypto on your crypto held at BlockFi. Sign up for an account in less than 2 minutes, and start earning interest on the crypto of your choosing in the same day. Interest accrues daily and is paid monthly.
The BlockFi Interest Account does not require a minimum deposit balance to be eligible to earn interest. Withdrawals are often pushed-through same-day, but BlockFi reserves up to 7 days to process a client fund withdrawal. These guidelines will change and improve as the Interest Account product grows and client feedback is received.
Atomic Wallet
Atomic Wallet — the first wallet with cross-chain Atomic Swaps. Now you can manage all your assets in one secure interface. Atomic is a custody-free multi-currency wallet with decentralized atomic swap exchange. Atomic Swap is the new technology to connect buyers and sellers within a decentralized framework. You can Swap your coins and tokens with no counterparty risk. No third party.
It's a private party! Immutable, trustless and distributed multi-asset Atomic Wallet supports all the top Blockchains and 300+ Tokens. It is a new type of cross-chain trading. The convenient and versatile decentralized solution for custody-free cryptocurrency exchange. No stolen funds, no frozen accounts, no KYC and AML.
All private data are stored in an encrypted manner in the end-user device. P2P atomic swap exchange and exchange assets via instant exchangers. Swap 60+ crypto pairs anonymously and receive a cash back for exchange.
Hardware Crypto Wallets
Hardware wallets are the most secure wallet option available. Unlike the online or software crypto wallets, hardware wallets are completely offline and are virtually hack-proof. Hardware wallets allow users to send or receive funds only when the device is connected to a computer with access to the internet, and cannot send funds without a user pressing a physical switch or button on the device itself.
Ledger
France-based Ledger is one of the longest-operating hardware wallet manufacturers. The Ledger Nano X is the latest offering from Ledger, and is visually identical to a standard USB thumb drive. Nano X users connect their wallet to any mobile device or computer with USB or Bluetooth, and are able to store 30 different cryptocurrencies on the device.
Ledger’s Nano X is one of the easiest hardware wallets to use and is widely regarded as the “gold standard” of cryptocurrency security. Ledger includes unique security features in the Nano X, such as a “plausible deniability” function that allows users to enter an incorrect password in order to access a dummy wallet — protecting user funds from physical attacks or extortion attempts.
Trezor
The Trezor is another highly popular hardware wallet manufactured by Satoshi Labs, the first crypto hardware wallet manufacturer in the world. The Trezor Model T improves on previous iterations of the Trezor product line, offering a touchscreen interface and far greater support for altcoins than the Ledger Nano X.
Trezor offers impressive functionality, allowing users to access conversion to fiat currency, atomic swaps, and additional security features that protect users from common PC threats such as keyloggers. Notably, the Trezor Model T presents all transaction requests along with details on the built-in touchscreen, ensuring users are aware of which service or cryptocurrency they are using at all times.
KeepKey
The KeepKey, manufactured by ShapeShift, is a budget-conscious crypto hardware wallet that offers much of the functionality delivered by other more expensive hardware wallets at a lower price point. The KeepKey streamlines the backup and recovery process, allowing users to manage their cryptocurrency holdings in a fully secure manner.
ShapeShift, the manufacturer of the KeepKey, operates a cryptocurrency exchange platform of the same name, which allows KeepKey owners to trade crypto commission free directly from their KeepKey wallet, making it a strong choice for newer traders.
SafePal S1
Looking for a quick and portable option to track and manage your cryptocurrency on-the-go? Be sure to consider the comprehensive SafePal S1 wallet. The size of a credit card, you can easily take your SafePal wallet with you no matter where you travel.
To transfer your coins and tokens, connect to the SafePal app using a local QR connection — no need to risk your coins by connecting to public Wi-Fi or using a Bluetooth device.
Best of all, SafePal offers support for over 10,000 individual cryptocurrency tokens and coins, which means that you’ll enjoy a single wallet for all of your investments.
Source = CryptoTrader.Tax, Bezinga.com, SourceForge.Net