10 BEST Monero Wallets – XMR ( 2024)

Monero is a decentralized digital cryptocurrency system that uses cryptography to ensure all transactions performed remain untraceable. Monero was created in 2012, and it is a fork of the Bytecoin blockchain, which was initially named Bitmonero.

This cryptocurrency pays a lot of attention to the user’s privacy and security. It has steadily become one of the most popular cryptocurrencies in the current crypto market, which you can store using Monero hardware wallets. These digital wallets help you easily store, convert and manage your Monero (XMR) coins.

There are many Monero wallets in the market, and it’s difficult to choose an online XMR wallet for your crypto storage needs. Following is a curated list of top Monero wallet apps that are easy to use and super-secure. The list contains free and paid apps with popular features and website links.
Read more…

BEST Monero Wallets: Top XMR Hardware & Software Wallets


#1 Best Overall

Uphold

Uphold

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

✔️ Type of wallet: Custodial wallets

✔️ Price: Free

Get Wallet

#2 Top Pick

Kraken

Kraken

✔️ Coins Supported: BTC, DOT, ETH, etc.

✔️ Type of wallet: Hot and Cold wallet

✔️ Price: Free

Get Wallet


Binance

Binance

✔️ Coins Supported: BTC, ETH, LTC, etc.

✔️ Type of wallet: Software wallet

✔️ Price: Free

Get Wallet


Ledger

Ledger

✔️ Coins Supported: BTC, LTC, ETH, etc.

✔️ Type of wallet: Cold wallet

✔️ Price: $175

Get Wallet

1) Uphold

Uphold: Trade and Discover crypto!

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.

#1 Top Pick
Uphold
5.0

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

Type of wallet: Custodial wallets

Price: Free

Visit Uphold

Features:

  • Coins Supported: Offers a diverse range of over 250 cryptocurrencies, including BTC, ETH, XRP, XDC, DAG, ADS, etc.
  • Type of Wallet: Provides custodial wallet services for secure asset management.
  • Available Countries: Accessible in numerous countries, including the United States, Canada, the UK, Australia, Japan, Brazil, and others.
  • Blockchain Support: Supports various blockchain networks such as ERC-20, TRC-20, Polkadot, Solana (SPL), Cardano, Ripple, and 20+ others.
  • Launch Year: Established in the year 2015, showcasing a substantial presence in the cryptocurrency market.
  • Regulations: Uphold operates under the regulations of FinCEN, FCA, and FINTRAC, ensuring compliance and security.
  • Customer Support: Offers assistance through email and a contact form for user inquiries and issues.
  • Available Platforms: Seamlessly accessible on the web, Android, and iOS devices.
  • Mobile App: User-friendly mobile applications available for both Android and iOS platforms.
  • Price: The platform is free, providing cost-effective access to cryptocurrency transactions and management.

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 >>


2) Kraken

Best Wallet with High deposit & withdrawal limits

Kraken is one of the best XMR wallets that offer financial stability to the user by maintaining full reserves, relationships, and the highest legal compliance standards. It helps you to buy and sell digital assets with a single click.

#2
Kraken
4.9

Coins Supported: 120+ coins are supported, BTC, DOT, ETH, DOGE etc.

Type of wallet: Hot and Cold

Price: Free

Visit Kraken

Features:

  • Coins Supported: Over 120 cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and more.
  • Wallet Types: Offers both hot (online) and cold (offline) wallet options.
  • Global Availability: Accessible in continents like Africa, Asia, Europe, North America, Oceania, and South America.
  • Staking Support: Provides staking with annual percentage yields (APY) between 4% and 12%.
  • Blockchain Compatibility: Supports multiple blockchains, including ERC-20, TRC-20, Polkadot, Solana, Cardano, Ripple, and others.
  • Establishment Year: Kraken was launched in 2011.
  • Regulatory Compliance: Regulated by the Financial Crimes Enforcement Network (FinCEN).
  • Customer Support: 24/7 customer service is available through live chat, phone, and email.
  • Platform Accessibility: Users can access Kraken via web, Android, and iOS platforms.
  • Mobile App: Accessible on Android and iOS systems.
  • Pricing: The platform is free to use.

Pros

  • It provides a highly comprehensive security approach.
  • A good amount of fiat currencies are accepted.
  • This Monero wallet offers Tier 2 verification, and you can deposit some fiat money in a few minutes.
  • You can reach out to their support team via live chat.
  • This Monero wallet automatically checks all addresses for errors.

Cons

  • Not the most helpful customer service.

Visit Kraken >>


3) Binance

Best Wallet with Multiple features

Binance is one of the best XMR wallets that help you create a Monero wallet and offers a platform for trading more than 150 cryptocurrencies. It also offers an API that helps you integrate your existing trading application.

#3
Binance
4.8

Coins Supported: BTC, ETH, LTC, etc.

Type of wallet: Hot wallet

Price: Free

Visit Binance

Features:

  • Coins Supported: Binance supports over 1000 cryptocurrencies, including major ones like BTC and ETH.
  • Type of Wallet: Binance uses a hot wallet system for instant transactions.
  • Insurance: U.S. dollar deposits at Binance.us are insured up to $250,000 by the FDIC against bank failures.
  • Staking Support: Features a “High-Yield Center” for staking, offering up to 104.62% APY.
  • Blockchain Support: Supports multiple blockchains, including BNB, Polygon (MATIC), SOL, Polkadot (DOT), Cardano (ADA), ERC-20, BTC, ETH, LTC, etc.
  • Launch Year: Binance was launched in 2017.
  • Available Countries: Operates in the USA, U.K., Belgium, France, Italy, and over 100 other countries.
  • Mobile App: Offers mobile applications compatible with both Android and iOS devices.
  • Price: The platform is free to use.

Pros

  • This safest XMR wallet offers a wide range of tools for trading online.
  • It provides 24/7 support.
  • This crypto wallet offers basic and advanced exchange interfaces for trading.
  • More than 100 different cryptocurrencies are available to trade.

Cons

  • Little difficult for beginner crypto enthusiasts.
  • No fiat deposits or withdrawals.

Visit Binance >>


4) Ledger

Best Cold Wallet

The Ledger is a hardware wallet that supports a multitude of cryptocurrencies. It is one of the best hardware XMR wallets having an LED display for payment validation and a PIN to confirm payments.

#4
Ledger
4.7

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

Type of wallet: Cold wallet

Price: $175

Visit Ledger

Features:

  • Coins Supported: Ledger supports over 5500 cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Dogecoin.
  • Type of Wallet: Ledger is a secure cold wallet, keeping your crypto offline and safe from online threats.
  • Available Countries: Ledger wallets are delivered globally and accessible in all countries.
  • Size: Compact design with dimensions of 72mm x 18.6mm x 11.75mm.
  • Material: Constructed with durable brushed stainless steel and plastic for longevity.
  • Exchange Incorporated: Integrated exchange features for convenient trading and transactions.
  • Battery: Equipped with a Lithium-ion 100mAh battery, offering up to 8 hours of extended use.
  • Connectivity: Offers both Bluetooth and USB-C cable connections for versatile connectivity options.
  • Staking Support: Supports staking, enabling users to earn rewards on their cryptocurrency holdings.
  • Blockchain Support: Specifically supports ERC20 tokens on the Ethereum blockchain.
  • Certification Level: High-security assurance with CC EAL5+ certification.
  • Customer Support: Provides comprehensive support with a knowledge base, live chat, and email support.
  • Mobile Application: Designed for seamless use on Android and iOS platforms, ensuring improved accessibility on mobile devices.
  • Price: Available at $175, balancing cost with features and security.

Pros

  • You can access it via USB-compatible devices.
  • It helps you to install up to 100 applications on your Ledger.
  • You can secure and control all your crypto in one place.

Cons

  • If you want to set up different cryptocurrencies, then memory can become an issue.

Visit Ledger >>


5) Trezor

Best Hardware Wallet

Trezor is a hardware Monero wallet that helps you store your Monero coins with ease. You can easily plug it into your computer or smartphone devices. It also allows you to randomly generate a PIN that keeps your device safe and secure.

Trezor

Features:

  • Coins Supported: Supports over 1800 coins, including major ones like Bitcoin, Ethereum, Ripple, and HEX.
  • Wallet Type: Functions as a cold wallet, ensuring offline storage of cryptocurrencies.
  • Global Availability: Can be delivered to customers in all countries.
  • System Compatibility: Compatible with Linux, Android, Windows 10+, and macOS 10.8+.
  • Dimensions: Compact size measuring 64 mm x 39 mm x 10 mm.
  • Connectivity: Equipped with a USB-C connector for physical connection.
  • Staking Support: This does not support direct staking but allows linking to third-party validators or staking pools and can interface with the Exodus wallet for staking.
  • Certification: The devices are CE and RoHS-certified, ensuring quality and safety standards.
  • Launch Year: Introduced in 2012, a pioneer in the hardware wallet market.
  • Blockchain Support: Specifically supports ERC20 tokens.
  • Customer Support: Accessible through email, a comprehensive Trezor wiki page, and a detailed FAQ section.
  • Supported Platforms: Compatible with macOS, Windows, and Linux operating systems.
  • Mobile App Compatibility: Offers an app specifically for Android users.

Pros

  • It is ultra-secure offline storage.
  • It supports more than 1,000 currencies.
  • You can always recover access to your coins & assets from your offline backup.
  • Touchscreen user interface.
  • It helps you to secure your private keys.

Cons

  • It has a bulky design.

Visit Trezor >>


6) Cex.io

Best for trading major cryptocurrencies

Cex.io is one of the best Monero wallets which helps you to buy and sell cryptocurrencies. It helps you to deposit funds using MasterCard, VISA cards, or PayPal. This cryptocurrency platform follows scalping and frequency trading strategies to secure assets and data.

Cex.io

Features:

  • Coins Supported: Cex.io supports a variety of cryptocurrencies, including Bitcoin, Ethereum, XRP, Monero, Litecoin, Cardano, Neo, and more.
  • Type of Wallet: Cex.io offers a software wallet for secure digital asset storage and management.
  • Launch Year: Established in 2013, Cex.io has a long-standing presence in the cryptocurrency exchange market.
  • Security: Provides robust security measures to protect user assets and personal information.
  • Customer Support: Offers assistance through email and live chat options for efficient problem resolution.
  • Mobile Application: Accessible on Android and iOS systems, enabling easy trading while mobile.
  • Price: The platform is free to use, with charges applicable on certain transactions and services.

Pros

  • It offers protection against DDOS (Distributed Denial-of-Service) attacks with the help of full data encryption.
  • Allows you to trade with more than 10x leverage without creating an extra account.
  • Provides downloadable reports showing real-time balance and transaction history.
  • Offers advanced order matching algorithms.
  • Supports REST and FIX APIs for automated trading.

Cons

  • Does not offer many coin options.

Visit Cex.io >>


7) PrimeXBT

Best anonymous Bitcoin wallets

PrimeXBT is a multi-asset trading platform, which means cryptocurrency is one of the assets out of the many that you can find on this platform. It provides some amazing leverage options, and the fees on this platform are very competitive.

PrimeXBT

Features:

  • Coins Supported: PrimeXBT supports a diverse range of cryptocurrencies, including BTC, ETH, LTC, XMR, XRP, and EOS.
  • Wallet Type: The platform utilizes a software wallet for secure digital asset storage.
  • Available Countries: Accessible in multiple languages such as German, French, English, Italian, Spanish, Russian, Portuguese, and Japanese.
  • Blockchain Support: Compatible with major blockchains, including BTC, EOS, ETH, LTC, and XRP.
  • Launch Year: PrimeXBT commenced its operations in the year 2019.
  • Customer Support: Provides customer assistance through live chat and email support for prompt resolution of issues.
  • Mobile App: Offers mobile applications for both Android and iOS, along with a web-based platform.

Pros

  • Highest levels of security in your crypto trading.
  • Different assets are available to be traded.
  • Accepts fiat (credit/debit card) deposits.
  • Relatively simple to use.

Cons

  • Offers limited cryptocurrency choices.
  • Does not operate in Canada and the US.

Visit PrimeXBT >>


8) Coinsmart

Best Wallet for Canadians

Coinsmart is a digital currency exchange that enables you to buy and sell crypto with no hassle. It helps you to access your cryptocurrencies, payments, and your transactions instantly. It is one of the best Monero wallets that provides a quick and easy way to send invoices to your customers using SmartPay Invoicing.

Coinsmart

Features:

  • Coins Supported: CoinSmart offers a diverse range of 16 cryptocurrencies, including major ones like BTC, ETH, LTC, and more.
  • Wallet Types: Provides both Cold Wallets for security and Hot Wallets for easy access.
  • Global Reach: Available in numerous countries, including Canada, various European nations, and Turkey.
  • Insurance: CoinSmart’s cold wallets are secured with a 200 million insurance policy by BitGo.
  • Regulatory Compliance: Adheres to standards set by CSA, IIROC, and OSC in Canada.
  • Establishment Year: CoinSmart has been operational since 2018.
  • Staking Support: Currently does not offer staking services.
  • Blockchain Compatibility: Supports ERC-20 tokens and standard BTC wallets.
  • Customer Support: Offers round-the-clock omnichannel support through SmartRep, available via email and live chat.
  • Mobile App: Android and iOS.
  • Cost: The platform is free to use.

Pros

  • Helps you trade any currency with just one click.
  • It processes all fiat withdrawals in a few days.
  • Enables you to place customized orders seamlessly.
  • You can access this platform from your mobile and desktop.
  • Offers credit and debit card funding.

Cons

  • Fiat withdrawals may take 1-5 business days.

Link: https://www.coinsmart.com/


9) Monero GUI Wallet

Best for monero (XMR) currency

Monero GUI Wallet is an open-source and official desktop client which supports XMR wallets. It is one of the best XMR wallets with a native UI/UX suitable for crypto novices.

Monero GUI Wallet

Features:

  • Supported Coins: Monero (XMR) – Exclusively designed for storing, sending, and receiving Monero, a privacy-focused cryptocurrency.
  • Wallet Type: Software, Desktop – A digital wallet that is accessible via desktop software, ensuring secure transactions and storage on your personal computer.
  • Launch Year: 2014 – Established and trusted, with a history of service in the cryptocurrency community since 2014.
  • Customer Support: Community – Assistance and support provided through an active, user-driven community, offering help and advice for wallet-related queries.
  • Available Platforms: macOS, Windows, and Linux – Compatible with major operating systems, allowing a broad range of users to access their XMR assets on different devices.
  • Mobile App: None – This wallet is designed for desktop use only, with no mobile application available for iOS or Android devices.
  • Price: Free – The wallet is available at no cost, providing a budget-friendly option for managing Monero.

Pros

  • It makes your transactions confidential and untraceable.
  • It allows you to exchange and convert your fiat money into XMR.
  • Provides a 25-word seed phrase that makes your storage more secure.
  • Free download support.

Cons

  • Takes space and processing power, intimidating for beginners.

Link: https://www.getmonero.org/

How to buy Monero XMR?

Below are the steps to buy Monero (XMR):

Step1) Register on the Binance site by clicking Register Now button

How to buy Monero XMR

Step 2) In the next step,

  1. Select the method as Email
  2. Enter your email address and password and click on the Create Account button

How to buy Monero XMR

Step 3) For the additional security measure, Binance asks you for the puzzle verification. Just drag and drop your mouse to complete the puzzle shown on your screen.

How to buy Monero XMR

Step 4) Enter the verification code you have received in your mail-id.

How to buy Monero XMR

Step 5) Complete all the registration formalities. Enter credit card and billing details. You can now proceed with your XMR purchase

1. Click on the Trade menu

2. Then press the Convert option to convert your fiat currency into XMR

How to buy Monero XMR

Step 6) In the Convert & OTC Portal screen,

1. Select Euro (or any other Fiat currency you want to deposit) and enter the amount you want to convert into an XMR coin

2. Click on the Preview Conversion button.

How to buy Monero XMR

Step 7) You will see the amount of XMR you will receive after conversion. If all is okay, click Convert to proceed with the transaction.

How to buy Monero XMR

Step 8) Conversion process is successful! You can check the complete status of your transaction by clicking on View Status

How to buy Monero XMR

What are some important types of Monero Wallets?

Here are some important types of Crypto Wallets:

  • Hot wallets: These wallets use keys created or stored on a device with access to the Internet. Hot wallets provide high utility, but they are less secure than cold wallets.
  • Cold wallets: These wallets use digital keys created on a device that does not have access to the Internet. They are also known as hardware wallets. Cold wallets are the physical devices in which cryptocurrencies are stored.
  • Hosted wallets: These wallets are live on another server that 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. This type of crypto wallet offers various levels of protection as third parties insure some hosted wallets.
  • Decentralized wallets: In this type of wallet, you are the only person that holds the keys to your crypto wallet. A decentralized wallet never offers any assurance of complete privacy. Although, it also means you do not rely on a 3rd party to send, receive or store your cryptocurrencies. This allows you to ease some security risks associated with hosted wallets.
  • Hardware Wallets: Hardware wallets are physical items (like a type of USB drive). The Ledger and Trezor are popular names in hardware wallets. They are considered highly secured crypto wallets.
  • Software Wallets: These online crypto wallets or trading platforms do not require downloading and can be accessed through an Internet browser.

What should you look for in a Monero Wallet?

Here are some important factors that you should consider while selecting the best Monero wallet:

Usage: The biggest thing you should consider when selecting a wallet that supports XMR is how you intend to use your crypto. Therefore, a hardware wallet is surely the best choice if you plan to buy and hold your investment long-term.

2-factor authentication: It is also known as the 2FA feature that helps you to log in only when you verify your identity in the crypto wallet. If another person had your password or could hack your password through several methods, they would still need to pass the second level of authentication.

Multi-signature support: Sometimes, a crypto wallet is owned by multiple people, like business partners. At that time, multi-signature support helps you set the security for the wallet, which is needed for multiple keys before access is granted. This also secures your funds from unauthorized access or transferring the funds to another wallet.

Exchange with crypto wallets: A crypto wallet should support other platforms. For example, many cryptocurrency users use Coinbase as it offers various types of tokens, allowing you to make payments, buy, sell 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 a complicated process. Therefore, you should select an XMR wallet app that supports multiple types of currencies.

QR Code Scanner: A QR code scanner is necessary to access the mobile crypto wallet. This allows any mobile crypto wallet to generate and scan a QR code for coin transfers.

Backup Option: Your selected crypto wallet should provide an option for backup. Therefore, in the case when your laptop, PC, or smartphone device stops working, you can back up your data immediately. Therefore, some mobile crypto wallets like Coinbase provide a handy feature to restore your wallet.

Buying Guide:

Monero wallet is a digital wallet that helps you easily store and manage your Monero (XMR) coins. This software allows you to buy, sell, convert and manage different digital currencies and keep track of them in one place. These digital wallets also offer various security features to keep your digital assets safe and secure.

Yes, the Monero GUI wallet is relatively secure, as users have total control of their private keys.

Here are some important tips for securely storing your Monero coins:

  • You should back up your wallet regularly to protect against unexpected mishaps or accidents.
  • You can store your private keys somewhere private and also ensure that it is encrypted.
  • Select a wallet that suits your needs, as some crypto wallets are focused on security and can be time-consuming to use.
  • Set up two-factor authentication.

Yes, you can. However, not all cryptocurrency exchanges support Monero (XMR). Binance and Coinbase are crypto wallets that allow you to hold your XMR coins on them. Keeping your XMR coins on these platforms will allow you to remain sure that they’re quite secure and also trade with other cryptocurrencies.

Yes, it is also a part of crypto storage best practices too! Most cryptocurrency enthusiasts prefer to have software for easy access and trading and hardware wallet for safe storage.

However, you can also use multiple wallets to make sure that your assets are safe and sound. This helps you when one of your crypto wallets becomes compromised, and you still do not lose all of your assets.

Yes, you can mine monero. All the transactions are carried by a “centralized” blockchain, making the process reliable and faster. Mining is a fundamental principle of almost every cryptocurrency. Each of them uses their system to establish how much power the miners have.

BEST Monero Wallets

#1 Best Overall

Uphold

Uphold

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

✔️ Type of wallet: Custodial wallets

✔️ Price: Free

Get Wallet

#2 Top Pick

Kraken

Kraken

✔️ Coins Supported: BTC, DOT, ETH, etc.

✔️ Type of wallet: Hot and Cold wallet

✔️ Price: Free

Get Wallet


Binance

Binance

✔️ Coins Supported: BTC, ETH, LTC, etc.

✔️ Type of wallet: Software wallet

✔️ Price: Free

Get Wallet


Ledger

Ledger

✔️ Coins Supported: BTC, LTC, ETH, etc.

✔️ Type of wallet: Cold wallet

✔️ Price: $175

Get Wallet