10 BEST Crypto Wallet App (2024 Reviews)

A Crypto wallet is a software/hardware application to store your cryptocurrency. However, cryptocurrencies do not exist in any physical shape or form. Crypto can’t technically be stored anywhere except coin wallets. This type of software is easy to use while also being secure and fast.

There is a plethora of Crypto wallets in the market, and choosing one can be difficult. Following is a handpicked list of Top Crypto Wallet App & software, with their popular features and website links.

Top Pick
ByBit

Bybit's advanced trading system is ever-reliable with No Overloads and a 99.99% availability track record since inception. It offers an advanced order system where traders can set TP/SL for entry orders. It boasts a daily turnover of $700 million and accepts cryptocurrency deposits.

Visit ByBit
Top Pick
Zengo

Zengo is the most secure non-custodial wallet in Web3 by removing the private key vulnerability, making it the simplest yet most secure wallet to invest in cryptocurrency. Create an account in less than 60 seconds and be the true owner of your crypto.

Visit Zengo

BEST Crypto Wallets Reviews: Top Picks!


#1 Best Overall

ZenGo

Zengo

✔️ Coins Supported: ETH, BTC, DOGE, USDT, +120 coins

✔️ Type of wallet: Software wallet

✔️ Price: Free

Get Wallet

#2 Top Pick

Uphold

Uphold

✔️ Coins Supported: BTC, ETH, XRP, HBAR, XLM etc.

✔️ Type of wallet: Custodial wallets

✔️ Price: Free

Get Wallet


Coinbase

Coinbase

✔️ Coins Supported: 500+ including BTC,
ETH, LTC, BCH.

✔️ Type of wallet: Hot storage

✔️ Price: Free

Get Wallet


PrimeXBT

PrimeXBT

✔️ Coins Supported: BTC, ETH, USDT, USDC, COV

✔️ Type of wallet: Custodial wallet

✔️ Price: Free

Get Wallet

1) Zengo

Most Secure Non-custodial Wallet

Zengo is the most secure non-custodial wallet in Web3 by removing the private key vulnerability, making it the simplest yet most secure wallet to invest in cryptocurrency. Create an account in less than 60 seconds and be the true owner of your crypto.

#1 Top Pick
Zengo
4.5

Coins Supported: 120+ coins, including ETH, BTC, MATIC, DOGE, USDC, SHIB, etc.

Type of Wallet: Non-custodial

Price: Free

Learn More

Zengo is the first Web3 wallet with no private key vulnerability, secured by encrypted biometrics. While this technology has been used by billion-dollar institutions for years, Zengo is the 1st wallet to offer these advanced security features as a crypto wallet. Millions of dollars of NFTs have been lost or stolen because of private key mismanagement. With no private key to lose or steal, Zengo’s wallet removes the main vulnerability leading to NFT theft – a hacker’s worst nightmare.

Zengo offers 24/7 in-app customer service with real people and supports 70+ assets, including Bitcoin, Ethereum, and Tezos.

Are my coins secure?

My Coins Secure

Zengo’s advanced security makes it very difficult for hackers to access your wallet. When you sign up, you’ll need to use 3FA level security. After that, you’ll need to confirm your registration by clicking the link in your email. Lastly, you will need to set your encrypted biometrics. This wallet also uses MPC-based cryptography technology, making it extremely secure. They have also implemented a guaranteed access solution called “Chill Storage™” that allows you to access your funds in extreme cases.

What if the exchange is hacked?

There are no cases of Zengo being hacked as their security processes are robust, leveraging 3FA and advanced MPC cryptography. They even organized a competition to invite hackers to hack accounts holding 1BTC. However, having such a high and secure level of security, all the hackers failed to hack into the wallets.

Features

  • Supports 120+ coins, including popular ones like ETH, BTC, and DOGE.
  • Functions as a software-based wallet.
  • Available in 70+ countries, encompassing USA, UK, India, and more.
  • Mobile application compatible with both Android and iOS platforms.
  • Facilitates staking of Tezos and Ethereum using WalletConnect.
  • Backed by Bitcoin, ERC20, and BEP2 blockchain technologies.
  • Offers round-the-clock live customer assistance via the app.
  • Adheres to EU regulations, ensuring GDPR compliance.
  • Emphasizes robust security measures.
  • Completely free to use.

Pros

  • Allows to sell or buy within the bitcoin wallet app
  • Provide 3FA security
  • Easy to use interface

Cons

  • Limited range of cryptocurrencies
  • Not fully non-custodial crypto wallet

Visit Zengo >>

Free Wallet


2) Uphold

Best for discovering new, exclusive altcoins

With a user base exceeding 10 million spanning across 150 countries, Uphold provides a user-friendly platform for buying, trading, and holding a diverse range of assets, from crypto (over 250) to traditional currencies and precious metals. Uphold’s has a 100% reserve model that safeguards user funds and an openness to transparency, where real-time asset and liability data is publicly available and updated every 30 seconds.

#2 Top Pick
Uphold
4.9

Coins Supported: BTC, ETH, XRP, XDC, DAG, ADS etc.

Type of wallet: Custodial wallets

Price: Free

Visit Uphold

Features:

  • Connected to 26 underlying exchanges to find you the best token prices
  • Stake dozens of cryptocurrencies with high APYs
  • Free debit card offering cashback in XRP
  • Set up automatic, recurring transactions for dollar-cost averaging
  • Create up to 50 simultaneous limit orders of any size without needing to fund your account upfront
  • Send funds to any other Uphold account using just an email address

Pros

  • Easy account setup, great for beginners
  • Trade between multiple asset classes (crypto, fiat currencies, metals, stocks)
  • New, low-liquidity altcoins added regularly
  • Transparent balance sheet, never lends out your money
  • Intuitive mobile and web app

Cons

  • Basic charts and tools.

Visit Uphold >>

Free Wallet


3) Coinbase Wallet

Best Wallet for Beginners

Coinbase is a hot crypto wallet that can sell, transfer, buy, and store digital currencies. You can store all your NFTs and crypto coins in one place in Coinbase Wallet.

It supports more than 100 countries and more than 35 million people who trust Coinbase to sell, buy, store, and earn cryptocurrency. This Crypto wallet can store digital collectibles and NFTs and supports 500+ crypto assets.

#3 Top Pick
Coinbase
4.8

Coins Supported: 500+ cryptocurrencies, including BTC, ETH, LTC, BCH, DOGE, etc.

Type of wallet: Hot storage

Price: Free

Learn More

Are my coins secure?

Coinbase Wallet is non-custodial, which means you have access to your wallet’s private key. It is generated with a 12-word recovery phrase on your sign–up. It also provides Two-step verification, Biometric logins, FDIC-insured USD balances, and AES-256 encryption for digital wallets.

What if the exchange is hacked?

Like everything, nothing is perfect. Even FBI headquarters can be hacked/infiltrated. Even with the best security measures, Coinbase was hacked in 2021. The good thing is that they proactively disclosed the event, took steps to prevent future breaches, and reimbursed the victims.

Features

  • Supports 500+ cryptocurrencies, including BTC, ETH, LTC, BCH, DOGE, etc.
  • Operates primarily as a hot storage wallet.
  • Accessible in 100+ countries North America, South America, Europe, Asia, Oceania, Africa, etc.
  • Mobile apps tailored for both Android and iOS users.
  • Offers crypto-insurance and FDIC insurance for USD up to $250,000.
  • Provides staking with up to 8% APY in crypto savings.
  • Compatible with multiple blockchains like Arbitrum, Binance Smart Chain, and Polygon.
  • Comprehensive customer support: help page, email, phone, and chatbot.
  • Strictly regulated and registered with FinCEN as a Money Services Business.
  • Offers a $5 signup bonus exclusively for US citizens.
  • Ensures top-tier security and data protection.
  • Available to users at no cost.

Pros

  • User-friendly interface
  • Multi-signature and 2-factor authentication support.
  • Provide optional cloud backups which can protect your digital keys.

Cons

  • High transaction fees
  • Limited trading types

Visit Coinbase >>


4) PrimeXBT

Best Anonymous Exchange with no KYC Requirement

PrimeXBT is a copy trading and margin trading platform with available features for traders of all experience levels; from experienced to novices alike. Copy trading helps Professional traders to monetize their skills by allowing others to copy their strategies.

PrimeXBT uses Multi-signature access (“Multisig”) to provide both security against attacks and tolerance for losing access to a key or facility, eliminating single points of failure. All fund transfers from Cold Storage to Hot Wallets are handled manually and require the coordinated actions of multiple employees.

For maximum security and safety of funds, at PrimeXBT, all customer assets are stored in a cold storage wallet. PrimeXBT processes all pending withdrawals once a day, between 12:00 and 14:00 UTC. A withdrawal requested before 12:00 UTC will be processed on the same day. Any withdrawal requested after 12:00 UTC will be processed on the next day.

Features

  • Trading View Interface: PrimeXBT offers an advanced Trading View interface with comprehensive charting tools and analytical features, catering to both novice and experienced traders.
  • Adjustable Leverage: The platform provides leverage trading, allowing users to trade larger positions than their initial capital. PrimeXBT offers up to 100x leverage on cryptocurrencies.
  • Isolated/Cross-Margin: Traders can choose between isolated and cross-margin trading. Isolated margin limits risk to individual positions, while cross margin uses the entire account balance to prevent liquidations.
  • All-in-One Platform: PrimeXBT is a multi-asset platform enabling users to trade in a wide range of markets, including cryptocurrencies and forex, from a single account.
  • Come with Crypto – Trade Traditional Forex Instruments: Users can deposit cryptocurrencies and use them to trade in traditional forex markets, offering a bridge between crypto and conventional financial markets.

Pros

  • Cloud-based trading bot platform
  • Allows margin trade cryptocurrencies and traditional assets.
  • You can set stop loss/take profit order.

Cons

  • Deposits via BTC, ETH, USDC or USDT only
  • Lack of educational material, for instance.

Visit PrimeXBT >>


5) Binance

Best Wallet with Multiple features

Binance is a central cryptocurrency exchange platform with a robust selection of crypto trading features. Binance was founded in 2017 by software developer Changpeg Zhao.

#5 Top Pick
Binance
4.6

Coins Supported: 1000+ including BTC, ETH.

Type of wallet: Hot wallet

Price: Free

Learn More

This crypto wallet offers leading crypto features like Auto-invest, staking, Defi, Futures and Options, and P2P trades. Their average 24-hour trading volume is worth $100 billion, crediting users’ trust in their system. Their native coin, BNB, is among the Top 5 crypto globally. This crypto exchange has a Blockchain called the Binance Chain.

Are my coins secure?

Binance has a super-safe security system that ensures your coins are safe. It uses two-factor authentication (2FA) verification, device management, addresses whitelisting, and cold storage. 95% of coins are stored in cold storage.

What if the exchange is hacked?

In 2019, Binance faced a large-scale security breach, and hackers stole 7,000 bitcoins which is equivalent to over $40 million. The prudent thing is that the Binance team closed all the deposits and withdrawals during that period. The company returned all the money to the users whose account was hacked.

Features

  • Supports 1000+ coins, notably BTC and ETH.
  • Operates primarily as a hot wallet.
  • Available in 100+ countries, including USA, UK, and Belgium.
  • Mobile application for both Android and iOS users.
  • All U.S. dollar deposits at Binance.us are held at custodial bank accounts and insured up to $250,000 for bank failure by the Federal Deposit Insurance Corp.
  • It launched the “High-Yield Center,” where you can stake and earn up to 104.62% APY.
  • Supports blockchains like BNB, Polygon, SOL, and Cardano.
  • Also compatible with ERC-20, BTC, ETH, and LTC.
  • Adheres to stringent security measures.
  • Provides a free platform for users.

Pros

  • Over 1500 cryptocurrencies for trade and Over 65 cryptocurrencies for U.S-based investors
  • Affordable fees
  • Wide selection of trading options and order types
  • Provides comprehensive charting feature

Cons

  • Not a good customer support.

Visit Binance >>


6) Ledger Nano X

Best Cold Wallet for those on a Budget

Ledger Nano X is the advanced cold wallet by Ledger company. It supports over 100+ crypto apps and coins. It is bundled with features like Bluetooth and USB-C cable connectivity. It allows you to easily manage the cryptos and NFTs. It strikes a good balance of accessibility and security. Ledger Nano X is packed with the most convenient form factors and uses micro-LCD.

#6 Top Pick
Ledger Nano X
4.6

Coins Supported: Bitcoin, Litecoin, Dogecoin, Ethereum, LINK Chainlink, etc.

Type of Wallet: Cold wallet

Price: $149

Learn More

For the setup, you need to start with setting up a PIN, then a 24-word seed phrase, which acts as your wallet’s private key. It works best when paired with Ledger live smartphone app. Using the app, you can easily and quickly view your balance with or without the device.

Are my coins secure?

Ledger Nano X uses certified Secure Element chips (tamper-resistant) to store all your private keys, preventing them from being exposed. The chips themselves are also certified with CC EAL5+.

The French National Agency for the Security of Information Systems has also audited Ledger Nano X. They verified it as the only Ledger product in the market that uses a Secure Element with a custom Operating System. This makes it more secure, reducing the cyber risks.

What if the exchange is hacked?

No reported hacks to date. No Cryptos were stolen.

Features

  • Supports 5500+ coins, including Bitcoin, Litecoin, Dogecoin, Ethereum, LINK
  • Functions as a secure cold wallet.
  • Delivered to all the countries.
  • Mobile compatibility with Android and iOS apps.
  • Size measuring 72mm x 18.6mm x 11.75mm.
  • Equipped with a 100mAh lithium-ion battery, lasting 8 hours.
  • Connects via Bluetooth and USB-C cable.
  • Comprehensive customer support: knowledge base, live and email chat.
  • Boasts a CC EAL5+ security certification.
  • Enables coin staking for users.
  • Primarily supports ERC20 blockchain.
  • Priced at $149 for premium security.

Pros

  • It supports 5500+ coins and tokens.
  • It offers Bluetooth connectivity
  • There is no need for an OTG kit. It has a USB-C cable.
  • It has 8-hour battery life.

Cons

  • It is expensive
  • Does not offer touch screen support.

Visit Ledger Nano X


7) Pionex

Best for Crypto Trading for Beginners

Pionex is a cryptocurrency exchange that offers built-in trading bots. You can access 16 trading bots for no additional fee. It helps you to automate your investing strategy to avoid constant monitoring of the crypto market. Its trading fee is the lowest compared to most of the major exchanges.

Pionex, a global platform, offers users access from any country. With a simple KYC process requiring just a mobile phone and country of residence, users can withdraw up to $2000 daily at Level 1. It’s compatible with Windows, MacOS, Android, and iOS. Deposits start at $0, and both fiat deposits and direct bank transfers are supported. Users can trade over 400 cryptos, with margin trading available. Trading fees stand at a competitive 0.05% for both makers and takers, and buying crypto also incurs a 0.05% fee.

#7 Top Pick
Pionex
4.4

Coins Supported: 400+ coins, including BTC, ETH, XRP, TRX, ETC, etc.

Type of Wallet: Cold wallet

Price: Free

Learn More

Features:

  • Sign up and get 1288 USDT trial fund to try Pionex Dual Investment products
  • BTC Buy The Dip: You can earn interest while waiting for the buy the dip process
  • Manual trading with limit, and market orders available
  • Its Leveraged Grid Bot offers 5x leverage.
  • Users can trade grids to buy low and sell high in a specific range of prices using the Grid Trading Bot.
  • You can generate passive income through Spot-Futures Arbitrage bots at low risk.
  • Customizable and user-friendly platform interface
  • You can hold your crypto coin easily with the help of rebalancing bots.

Pros

  • Offers 16 free-to-use trading bots
  • Low fees on all transactions
  • Live Chat and email customer support
  • Extremely low trading fees of just 0.05%
  • Informative tutorials to help you learn about trading bots and how to use them

Cons

  • The UI is complex
  • Relatively lesser number of coins supported

Visit Pionex >>


8) Trezor Model T

Best Hardware Wallet for those on a Budget

Trezor Model T is one of the most advanced and secured cold wallet in the market for your crypto traders. Trezor company is a subsidiary of Satoshi Labs. Trezor has two products Trezor One and Trezor Model T. Trezor Model T was released in 2016.

#8 Top Pick
Trezor Model T
4.4

Coins Supported: 1800+ including Bitcoin, Ethereum, Ripple, HEX, etc.

Type of Wallet: Cold wallet

Price: 189 EUR

Learn More

With Trezor wallet, you can protect your cryptos, digital assets, and passwords from hacks. It supports more than 1800 coins and tokens. The next-generation hardware wallet has several features, including a touchscreen display, a faster processor, and top-notch security.

Are my coins secure?

Trezor T is the first hardware that implements Shamir Backup (SLIP39), making it more secure for you. It also contains a passphrase for additional security to your recovery seed (BIP32, BIP39, BIP44, SLIP39).

It is not saved anywhere in the device, making it more theft free. The Trezor T firmware constantly gets updated. It supports several other security levels like PIN setup, U2F, etc. It also has a feature like device recovery where you can recover all lost data.

What if the exchange is hacked?

No reported hacks to date

Features

  • Supports 1800+ coins including Bitcoin, Ethereum, Ripple, HEX, etc.
  • Functions as a highly secure cold wallet.
  • Available for global delivery to all countries.
  • Mobile app tailored for Android users.
  • Compatible with Linux, Android, Windows 10+, and macOS 10.8+.
  • Compact design measuring 64 mm x 39 mm x 10 mm.
  • Connects seamlessly via a USB-C connector.
  • While direct staking isn’t supported, integration with third-party validators is possible.
  • Users can utilize Exodus wallet for staking interface.
  • Comprehensive customer support: email, wiki, and FAQ.
  • Boasts CE and RoHA certifications for safety.
  • Primarily supports the ERC20 blockchain.
  • Priced at 189 EUR.

Pros

  • It offers a color touchscreen.
  • Trezor T is an Open-source firmware.
  • Easy to set up
  • Provides top-notch security

Cons

  • Quite expensive tool
  • Needs good customer care support

Visit Trezor Model T


9) Delta Exchange

Delta Exchange is one of the best bitcoin wallet in India that offers an Options Chain for comparing and trading in options on BTC and ETH. With this platform, you can avail a wide array of options for trading, including call options and put options. Delta Exchange brings you options on BTC and ETH- the kings of the crypto world.

#9 Top Pick
Delta Exchange
4.3

Coins Supported: 60+ including BTC, ETH, LTC.

Type of wallet: Cold wallet

Price: Free

Visit Delta Exchange

Features

  • Supports over 50 coins, notably BTC, ETH, and LTC.
  • Operates as a cold wallet ensuring enhanced security.
  • Delta Exchange ensures speedy withdrawals and provides high liquidity for seamless trading experiences.
  • Mobile apps available for both Android and iOS platforms.
  • Compatible with blockchains like DASH, XRP, and ETH.
  • Offers staking for Cardano (ADA) and Tron (TRX).
  • This one of the best crypto wallets in India offers P2P trading with no crypto trading fees.
  • Strictly regulated by FCA and CySEC authorities.
  • This digital currency wallet can handle Millions of transactions in a few seconds.
  • Provides a user-friendly trading platform.
  • Available to users at no cost.

Pros

  • User-friendly interface.
  • Low trading fees
  • Available in India and other countries

Cons

  • Difficult to use for beginners

Visit Delta Exchange


10) Crypto.com

Best Non-custodial DeFi Wallet

Crypto.com offers 250+ coins and is one of the fast-growing crypto exchange platforms. It allows users to sell, hold, buy and trade an extensive list of coins and enjoys low trading fees. Besides this, it also offers decentralized exchange, cryptocurrency credit cards, an NFT marketplace, and a standalone crypto wallet.

#10 Top Pick
Crypto.com
4.3

Coins Supported: BTC, DOGE, DOT, ETH, LTC.

Type of wallet: Hot wallet

Price: Free

Visit Crypto.com

You can also hold your crypto for a set period of time and earn up to 14.5% interest on it. Crypto was founded in 2016 in Hong Kong by Bobby Bao, Rafael Melo, Kris Marszalek, and Gary Or. It currently has 10M+ users from 85+ countries

Are my coins secure?

Crypto.com is peer-reviewed and uses static and dynamic source code analysis tools. It uses two-step verification, cold storage, and a rewording bug bounty program.

If you are a U.S. resident, your USD balances are held at Metropolitan Commercial Bank, an FDIC member, and an insured up to $250,000. You will have ownership of those funds means Crypto.com or its creditors can’t claim your fiat funds.

What if the exchange is hacked?

On 18th Jan 2022, Crypto.com was hacked, and around $15 million was robbed. However, the team reassured all the users who lost their money during the robbery and reimbursed them.

Features

  • Supports an extensive range of 250+ cryptocurrencies, including BTC, DOGE, and ETH.
  • Functions primarily as a hot wallet for secure transactions.
  • Comprehensive customer support: help page, email, and 24/7 live chat.
  • Accessible in 83+ countries, including Argentina, Canada, and Australia.
  • Mobile apps tailored for both Android and iOS platforms.
  • Offers staking with up to 8.5% interest on cryptocurrencies.
  • Stablecoins staking yields up to 14.5% interest annually.
  • Compatible with multiple blockchains like BSC, ERC-20, and AVAXC.
  • Ensures top-tier security and user data protection.
  • Provides a seamless and user-friendly trading experience.
  • Strictly adheres to global regulatory standards.
  • Available for users at zero cost.

Pros

  • It offers an extensive list of supported cryptocurrencies
  • Easy to use interface with robust features
  • Support for an ecosystem of cryptocurrency products
  • There are certain added benefits for staking CRO.

Cons

  • Higher fees unless you hold and use CRO
  • Trading fee discounts can be confusing to navigate

Visit Crypto.com >>


11) Bitcoin IRA

Best Wallet to Trade Crypto Tax-free

Bitcoin IRA is one of the largest and most secure cryptocurrency IRA platforms used by thousands of clients. You can easily buy & sell crypto on this 24/7 self-trade platform. It is a crypto trading platform that connects consumers to qualified custodians, digital wallets, and cryptocurrency exchanges.

Bitcoin IRA, catering exclusively to the USA, supports a diverse range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Cardano, Solana, and Polygon. Users can manage their investments on the go with its mobile apps available for both Android and iOS. For any queries, they offer responsive customer support through chat and email. As a hot wallet, it ensures quick access to funds, and the best part is that it’s free of charge.

#11 Top Pick
Bitcoin IRA
4.3

Coins Supported: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Cardano, Solana, Polygon, etc.

Type of Wallet: Hot 

Price: Free

Learn More

Features:

  • You can maximize your retirement growth in a tax-free IRA.
  • It offers unique features like price tracking, portfolio performance, chart analysis, and more.
  • It provides SSL secure trading
  • Enables you to self-trade crypto anytime, anywhere

Visit Bitcoin IRA >>


12) Kraken

Best Wallet with High deposit & withdrawal limits

Kraken is a cryptocurrency exchange platform where you can sell, buy, invest, exchange, set limit orders, and much more on crypto-assets such as Bitcoin and Ethereum. It is one of the oldest Bitcoin exchange places. It supports more than 120+ different coins in 150+ countries, making it one of the biggest crypto marketplaces. Kraken also supports spot trading and cryptocurrency futures.

#12 Top Pick
Kraken
4.2

Coins Supported: Bitcoin, Polkadot, Ethereum, Dogecoin, Cardano, etc.

Type of Wallet: Hot and Cold

Price: Free

Learn More

Kraken was founded in 2011 by Jesse Powell in San Francisco. It also supports several institutional and individual investors with competitive prices in cryptocurrency trading. Kraken was launched after two years of development and rigorous testing.

Are my coins secure?

Kraken offers several security checks like SSL encryption, precise API key permission control, 2FA withdrawal email confirmation, strict surveillance, and air-gapped cold storage. It does stand out for its security measures. It nearly holds 95% of deposits in air-gapped cold storage.

What if the exchange is hacked?

Kraken has lived up to its performance and has never been hacked in the last 8 years. Breaching through its security level is a tough nut to crack.

Features

  • Supports an extensive range of 120+ coins, including Bitcoin, Polkadot, and Ethereum.
  • Provides both hot and cold wallet options for user flexibility.
  • Globally accessible, spanning continents from Africa to South America.
  • Mobile compatibility with apps for Android and iOS users.
  • Offers staking with APYs ranging between 4% and 12%.
  • Compatible with multiple blockchains like ERC-20, TRC-20, and Polkadot.
  • 24/7 customer support via live chat, phone, and email.
  • Strictly regulated by the FinCEN authority for user safety.
  • Ensures top-tier security and data protection.
  • Provides a seamless and user-friendly trading experience.
  • Available at no cost, ensuring affordability for all users.

Pros

  • Great security
  • Gives high liquidity exchange
  • Nice customer care service
  • Straightforward user interface

Cons

  • It demands Higher fees when not using Kraken Pro

Visit Kraken >>


13) CoinSmart

Best Wallet for Canadians

CoinSmart is a platform where people with zero knowledge of cryptocurrency can begin with. It accepts SEPA, E-transfers, and other cryptocurrencies as funding methods. You can easily track all your activities like deposits and withdrawals.

#13 Top Pick
CoinSmart
4.2

Coins Supported: CoinSmart currently offers 16 Cryptocurrencies

Type of wallet: Cold wallet and Hot wallet

Price: Free

Learn More

CoinSmart is a Toronto-based cryptocurrency exchange where you can quickly sell, buy, and track your cryptos. It was established in 2018 by Jeremy Koven and Justin Harzman. The motive behind creating CoinSmart was to make the exchanges of the cryptos easy and much more reliable to anyone in Canada.

Are my coins secure?

CoinSmart uses SmartSecurity to prevent fraud and keep your coins safe by running a comprehensive identity verification process. It helps pin out the fake identities using a database offered by data collection agencies. Uses 2 Factor Authentication.

What if the exchange is hacked?

No hacking attempts to date

Features

  • Supports 16 prominent cryptocurrencies like BTC, ETH, and DOT.
  • Provides both cold and hot wallet options for enhanced security.
  • Available in multiple European countries and Canada.
  • Mobile apps tailored for both Android and iOS platforms.
  • Cold wallets are insured by BitGo up to 200 million.
  • Offers 24/7 omnichannel customer support, SmartRep, for user assistance.
  • Regulated by CSA, IIROC, and the Ontario Securities Commission.
  • Compatible with ERC-20 and standard BTC blockchain wallets.
  • Prioritizes user security and data protection.
  • Provides a seamless and user-friendly trading experience.
  • Available at no cost for users.

Pros

  • Easy to set up with quick account verification.
  • Fast and same-day deposits.
  • It offers a referral program

Cons

  • Available in very limited countries
  • It currently only offers 16 coins.

Visit CoinSmart >>


14) Mycelium

Best Mobile Wallet

Mycelium is one of the best mobile crypto wallets that is non-custodial. It gives you complete control over the transaction fees and integrates with major hardware wallets. It enables investors to securely manage Ethereum, Bitcoin, and ERC-20 tokens.

Mycelium

Mycelium provides advanced features like cold storage integration, spending accounts, and even single address savings accounts. It is a platform for investors to send, store or trade Bitcoin and other cryptocurrencies. It also supports different account types like Single Address, HD, Bit ID, Watch Only, and Hardware accounts.

Founded in 2008, Mycelium is one of the popular bitcoin wallets that offers a range of storage services. Since it is a non-custodial wallet, you have sole control over the private key and PIN. It is an open-source wallet and has partnered with Glidera, Cashila, and Coinapult to provide financial services.

They also have their own decentralized in-person exchange marketplace called “Mycelium Local Trader,”. In this marketplace, users connect with each other and facilitate the selling and buying of Bitcoin in a secure environment.

Are my coins secure?

Mycelium provides several levels of PIN protection and pattern sniffing protection and allows TOR network support to mask IP address and location, protecting your digital assets from hackers.

At signup, you need to set up a code that will lock all the essential functions like exporting a single address account, sending Bitcoin, adding new accounts, and buying and selling. It also has a backup feature that requires a 12-word backup phrase which will help you retrieve your account if lost or stolen.

What if the wallet is hacked?

If your wallet gets hacked, there’s no reason to panic as your funds are still safe. Hackers won’t be able to decrypt your private keys as your wallet is PIN protected. Being non-custodial, it doesn’t save anything on the device. Even your private keys are encrypted using AES-256. So, the hackers won’t get anything from your wallet in the end.

Features

  • Supports 22+ cryptocurrencies, including BTC, USDT, and ETH.
  • Operates primarily as a hot storage wallet.
  • Accessible in regions like USA, Canada, Europe, and Asia.
  • Mobile apps tailored for both Android and iOS users.
  • Provides email-based customer support for user queries.
  • Available at no cost for users.

Pros

  • It is compatible with popular cold storage solutions (Ledger, Trezor, KeepKey)
  • Offers an easy-to-use interface
  • Provides an In-app crypto exchange
  • Offers offline transactions

Cons

  • Supports very few cryptocurrencies
  • Only available on mobile.

Visit Mycelium >>


15) Exodus

Best Wallet with Zero Fee

Exodus is one of the most famous crypto wallets used to securely sell, buy, hold, and manage cryptocurrencies/NFTs. Its easy-to-use interface has made it very popular amongst new and experienced crypto traders. It gives access to more than 160+ cryptocurrencies.

Exodus

It was founded in 2015 by JP Richardson and Daniel Castagnoli, with their headquarters in Nebraska. The U.S. Securities and Exchange Commission (SEC) approved it’s Class A common stock offering in April 2021. It is compatible with hardware wallets.

Are my coins secure?

Exodus is a self-custodial wallet. This means that you are the sole owner of your asset wallets, and everything is encrypted and stored on your system locally.

Unlike centralized services, you will have complete control of your assets and their private keys. Exodus doesn’t have access to your data unless you choose to share it. They also do not offer any interaction method with your wallet/funds or stop you from using the wallet to store cryptos.

What if the exchange is hacked?

Exodus is a non-custodial wallet and does not store any of your funds, private keys, and information. You are thereby entirely safe from hackers. Even if the company gets hacked, your cryptos and keys are thoroughly safe with you and are not exposed to hackers.

Features

  • Supports 160+ including Bitcoin, Tether USD, Bitcoin Gold, Ethereum, Litecoin, etc.
  • Functions as a secure cold wallet for enhanced safety.
  • Globally accessible, allowing users from any location to use it.
  • Mobile apps tailored for both Android and iOS platforms.
  • Provides staking with APYs ranging from 1.24% to 13.88%.
  • Compatible with blockchains like Polygon and ERC20.
  • Offers 24/7 customer support via email, toll-free number, and chat.
  • Adheres strictly to U.S. regulatory standards.
  • Ensures user retains 100% control over their funds.
  • Provides a seamless and user-friendly interface.
  • Available at no cost for users.

Pros

  • Compatible with various devices like Trezor Model T, Trezor One, Linux, iOS, Android
  • It supports a wide variety of cryptocurrencies
  • Easy- to use interface
  • Built-in portfolio and trade functions
  • Gives you total control over your crypto assets.
  • Great customer support

Cons

  • The lack of native 2-factor authentication may bother some users.
  • Does not provide multi-signature support.

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What is a crypto wallet App?

The crypto wallet app is an application that is a digital bank account for all your crypto assets and holds your crypto keys. It also helps you send and receive funds securely. The crypto wallet apps are non-custodial, which means it is managed by the user instead of any third party.

These apps allow you to get a direct hold of and control your crypto assets, provide instant access, and the transactions are resistant to censorship.

One of the best online crypto wallets, according to our review, is Zengo. It is one of the most secure non-custodial wallets in Web3, and it supports above 120 coins.

How to Choose Safest Crypto Wallet?

Here’s how you can choose the safest crypto wallet:

  • QR Code: A QR code scanner feature allows you to scan addresses along with a public key at the same time. This helps transfer funds in just a click in a highly secure manner as it does not require you to type lengthy public keys.
  • Wallet backups: Most secure wallets allow users to back up in order to secure their funds. Ensure that the application you select has a backup feature or integrates with storage tools.
  • Auto-logout: The wallet should include an automated logout feature for extra security, meaning it should log out as soon as you close the app.
  • Push notifications: Alerts such as instant push notifications are offered by the safest Bitcoin wallet. This feature informs you about transactions, failed and successful transfers, and other processes.
  • Quick blockchain solutions: Most secure crypto wallets use the blockchain method as this makes sure that nothing is manipulated, hidden, or removed.

How to set up a cryptocurrency wallet?

Here is a step-by-step process of how you can set up a cryptocurrency wallet (The steps to set up a cryptocurrency wallet may slightly vary from application to application, but the core process remains the same for all apps) :

  • Step 1: To set up a wallet, you must first download a crypto wallet app. Be sure to download only the best Bitcoin wallet.
  • Step 2: You can create an account once the download is complete. In non-custodial wallets, you do not have to share your personal details to create an account, hence, it is quick and simple.
  • Step 3: Write down the crypto private key and store it in a safe location. It is a random 12-word phrase that you will need to access your crypto.
  • Step 4: Now, you can transfer your cryptocurrencies to your wallet and start using them.

As per our review, some of the top Crypto wallets you can choose from are Zengo, Binance, Prime XBT, and Ledger Nano X.

What are some essential types of Crypto wallets?

Here are some important types of Crypto Wallets:

  • Hot wallets: These types of wallets use keys (a type of cryptography, kind of like a password) that were created or stored on a device that should have access to the internet. Hot wallets provide high utility, but they are considered less secure than cold wallets.
  • Cold wallets: These types of wallets use keys created on a device that should have access to the internet. They are also known as hardware wallets. Cold wallets are stored on physical devices.
  • Hosted wallets: These live on another server which you don’t have control of. Hackers use host wallets as they hold the data of all the funds from the wallets on the server. Hosted wallets offer various levels of protection as third parties insure some hosted wallets.
  • Decentralized wallets: In a decentralized wallet, you are the only person that holds the keys to your crypto wallet. A decentralized wallet never gives you a guarantee of complete privacy. However, it also means you don’t rely on a 3rd party to send, receive or store your cryptocurrency. This helps you to ease some security risks associated with hosted wallets.
  • Hardware Wallets: Hardware wallets are physical items (like a USB drive). The Ledger Trezor, Nano X, and KeepKey are popular names in hardware wallets. They are considered a highly secure type of wallet. It is the best choice for you to invest large amounts at a time and don’t plan to trade regularly.
  • Software Wallets: Software wallets are also called hot wallets. This type of online crypto trading platform doesn’t require to be downloaded and can be accessed through an internet browser.

What should you look for in a Crypto Wallet?

Here are some important factors that you should

  • Usage: The biggest factor you should consider when selecting a crypto wallet is how you intend to use your crypto. So, If you are planning to buy and hold your investment for the long term, a hardware wallet is surely the best choice for you.
  • 2-factor authentication: 2-factor authentication, also known as 2FA. This feature allows you to verify your identity when logging into the crypto wallet. If someone had your password or could crack your password through a number of methods, they would still require passing the second level of authentication. Most exchanges send a verification code to your mobile, which must be entered into a sign-in field before granting access.
  • Multi-signature support: Sometimes, a crypto wallet is owned by several people, like business partners. At that time, multi-signature support needs to help you set the security for the wallet. This is needed for multiple keys before access is granted. This also prevents any one person from spending the funds unauthorized or from transferring the funds to another wallet.
  • Exchanges as crypto wallets: Many cryptocurrency users are using Coinbase as it offers a variety of tokens and allows you to make payments, buy, selling, and trade with the help of the GDAX platform.
  • Multi-currency vs. single currency: Many cryptocurrency owners own multiple cryptocurrencies. Therefore, managing a separate wallet for every currency can be complex. Therefore, you should select a bitcoin wallet that supports multiple types of currency.
  • QR Code Scanner: A QR code scanner is necessary if you want to access the mobile crypto wallet. This allows mobile crypto wallets to generate and scan a QR code for coin transfers.
  • Backup Option: Your select Bitcoin wallets should provide an option for backup. So, when your laptop, pc, or phone device stop working, you have data to back up immediately. Therefore, some mobile crypto wallets like Coinbase provide a handy feature to restore your wallet.

FAQ:

Cryptocurrency is a digital currency classified as a subset of alternative currencies and virtual currencies. It is a medium of exchange like traditional currencies such as USD. However, it is designed to exchange digital information through a process made possible by certain principles of cryptography. Cryptocurrency is a bearer instrument based on digital cryptography. If you want to learn about Cryptocurrency and Blockchain Technology, here’s a free tutorial you’ll want to check out: Cryptocurrency Tutorial for Beginners

Following are some of the best and safest Crypto Wallets:

First, you need to determine the amount of Bitcoin you want to buy. After that, you need to enter an amount that you want to deposit to your bitcoin address. Then using ACH, Wire, and credit card, the amount will be transferred to the bitcoin wallet.

Here are some safety measures you need to understand while using a cryptocurrency wallet:

  • Keep a small amount in your Bitcoin wallet.
  • A backup of your wallet helps you protect yourself against computer failures and many human mistakes.
  • You should encrypt any backup that is exposed to the network
  • Use a strong password that must contain letters, numbers, and punctuation marks and be at least 16 characters long.
  • You need to make sure you never forget the password, or you may lose your fund.

You can pledge or retake a loan coin stored in a bitcoin wallet. It is known as a bitcoin loan, which is similar to a traditional loan offered by banks. Most of the risk is not on the lender in the bitcoin loan. Still, the borrower is putting up more than enough Bitcoin to cover the loan and interest payments.

A Bitcoin address is like an account number. Just like the address, it denotes which wallet the coins should be sent to, like a bank account number, where the major difference lies in the wallets having numerous addresses. You can customize your Bitcoin address by including payment request details like an amount and a date of expiration. To get started with Bitcoin and other cryptocurrencies, you may want to explore some of the best crypto exchanges in Australia for secure and convenient trading options.

If Microsoft went out of business tomorrow, you could still play your XBox with some or no issues. Hardware wallets are the same as you don’t need a company to remain in business to continue using your hardware wallet. However, you need to run your own node to send and receive the transaction.

Let’s say you use TREZOR wallet, so if they go out of business and no longer support my hardware wallet and it gets shut down.

You can perform this by following these steps:

Step 1) To do this, you just need to download Electrum on your computer.

Step 2) Once installed, you had set up your TREZOR. After that, all of your trading transaction history and balance would get imported exactly the same in your migrated platform.

That’s because Electrum wallet uses the 24-word seed you generated with TREZOR on setup.

Best Cryptocurrency Wallet Apps: Top Picks!

#1 Best Overall

ZenGo

Zengo

✔️ Coins Supported: ETH, BTC, DOGE, USDT, +120 coins

✔️ Type of wallet: Software wallet

✔️ Price: Free

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#2 Top Pick

Uphold

Uphold

✔️ Coins Supported: BTC, ETH, XRP, HBAR, XLM etc.

✔️ Type of wallet: Custodial wallets

✔️ Price: Free

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Coinbase

Coinbase

✔️ Coins Supported: 500+ including BTC,
ETH, LTC, BCH.

✔️ Type of wallet: Hot storage

✔️ Price: Free

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PrimeXBT

PrimeXBT

✔️ Coins Supported: BTC, ETH, USDT, USDC, COV etc.

✔️ Type of wallet: Custodial wallet

✔️ Price: Free

Get Wallet