Top Best Crypto Wallets

A crypto wallet is an application, piece of code, physical medium, file or directory from which users can access their cryptocurrencies — more like your bank account in your hand. Unlike physical wallets that hold currencies, a crypto wallet does not store the cryptocurrency, instead, it stores a private key through which a user can access the cryptocurrency that is held on the blockchain.

Private keys are used to sign transactions in the blockchain. You can consider it like your password. It proves that a user is the owner of the digital assets. Losing your private key equals losing access to your cryptocurrencies.

Crypto wallets store these private keys. In hot wallets, private keys are stored online while they are stored offline in cold wallets.

Custodial and Non-custodial wallets

In custodial wallets, users are not fully responsible for their cryptocurrencies as their private keys are saved online in the wallet service provider’s server for example, an exchange like Binance, Kucoin, Lopeer, etc This implies that there is no permanent loss of private keys as they can be retrieved from the server.

In non-custodial wallets, private keys are not stored in a central server, instead, users are given full responsibility for their cryptocurrencies. Users are given a seed phrase (which is usually a 12-25 word phrase) on registration. This seed phrase is used to recover private keys when they are misplaced. There are no backup services, meaning that if the seed phrase is lost, the user loses access to his wallet account and all digital assets attached to that wallet.

In choosing crypto wallets, it is important to consider if it is a custodial or non-custodial wallet, on what device it runs on (mobile, desktop, web, or hardware), and the kind of cryptocurrencies it supports.

This article details the best crypto wallets and why we love them in no particular order

1). Wasabi Wallet

Wasabi wallet is a privacy-focused Bitcoin wallet that is non-custodial and open-source. 

Why We Love It

Its key feature in regards to its privacy-oriented structure is its CoinJoin process. CoinJoin is a process of merging multiple payments from multiple senders into a single transaction to make it difficult for a third party to track the origin of individual payments. Wasabi wallet 2.0 improves this process by making it automatic by default.

Wasabi wallet generates a new address with the same private key for every transaction made. If a user wants to receive BTC, he has to create an address and send it to the sender. After the BTC is received, the address becomes invalid and the user would have to generate a new one if he wants to receive BTC again. This helps to ensure that users’ account information is private and secure.

Wasabi Wallet is supported by Windows, macOS, and Linux operating systems

Supported Cryptocurrency

Bitcoin. 

Download: www.wasabiwallet.io

2). Electrum

Electrum is a non-custodial open-source Bitcoin wallet established in 2011. It is a lightweight wallet that allows users to connect to external servers instead of downloading the entire Bitcoin Blockchain, this makes it fast.

Why We Love It

Users are in control of their private key and recovery can be done through a key phrase provided upon installation of the wallet.

Electrum implements a Tor feature that hides users’ IP addresses from external servers. It has 2-factor authentication and a multi-sign feature that further enhances its security.

Electrum is a desktop wallet that is compatible with Windows, Mac, and Linux. It can also run on Android devices as a mobile app.

Supported Cryptocurrency

Bitcoin

Download: www.electrum.com

3). Opolo Wallet

Opolo wallet is a hardware wallet with a 3’2 inch touch screen that is compatible with Windows, Linux, and macOS operating systems. It was established in 2019.

Why We Love It

Opolo wallet has an in-built coin swap feature that allows users to swap coins and tokens. It also has a password manager and supports a 127 character long password. Wallets are disabled after 7 wrong attempts in inputting passwords.

Opolo also has a mobile application that is compatible only with Android devices. 

Type of wallet: open-source and non-custodial.

Supported Cryptocurrencies

Opolo wallet supports over 100 coins and 200,000+ tokens.

Download: www.opolo.io

4) Safepal

Safepal is the first hardware wallet backed by Binance. It has over 3 million users across 140 countries. Safepal wallet is 100% offline; no USB, WiFi, or Bluetooth is used to access it.

Why We Love It

Safepal is not open-sourced but says that it could be open-source in 2021. It is a non-custodial wallet.

It has a 1’3 inch screen with large storage that allows users to store over 10,000 tokens.

Safepal offers a Cypher Seed Protection Board that helps to protect seed phrases. It is corrosive resistant to water, fire, and acid.

Supported Cryptocurrency

Safepal supports BTC, ETH, BNB, XRP. It had storage space for an unlimited number of cryptocurrencies.

Download: www.safepal.io

5). Infinito Wallet

Infinito Wallet is a non-custodial open-source mobile crypto wallet that was established in 2017. It is solely a mobile wallet available to both Android and iOS devices.

Why We Love It

Infinito offers users rewards for storing coins in their wallets and additional rewards for staking them. It also supports crypto lending where lenders receive regular interest payments.

Supported cryptocurrencies

Infinito wallet supports over 2000 cryptocurrencies and tokens including Bitcoin, Bitcoin Cash, Ethereum, Dash, and Litecoin.

Download: www.infinitowallet.io

6). Guarda Wallet

Guarda wallet is an open-source non-custodial multi-platform crypto wallet established in 2017. It is available as web, desktop, and mobile wallets. Guarda wallet was created to achieve effortless crypto storing, easy asset management, and security.

Why We Love It

Security on Guarda depends on the kind of wallet. Its desktop and mobile wallets are more secure than its web wallets.

Apart from its storage services, Guarda offers an in-built crypto purchase service that allows users to buy digital assets with fiat payment.

Users can create their ERC-20 token in its platform using Guarda Token Generator.

Supported Cryptocurrencies

Guarda supports over 40 coins and tokens including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dogecoin, Zcash, ERC-20, and BEP-20 tokens.

Download: www.guarda.com

7). Coin98 Wallet

Coin98 wallet is a non-custodial crypto wallet that helps users send, receive, and store digital assets. It is available as a mobile application (running on both Android and iOS devices), web application, and browser extension.

Why We Love It

Coin98 wallet offers a portfolio that allows users to manage multiple digital assets simultaneously. It also offers access to decentralized finance services and lets users adjust their transaction fees with a gas bar.

Apart from its wallet function, Coin98 provides users with updates on market news and various tracking tools.

Supported Cryptocurrency

Coin98 wallet supports more than 7,000 coins and tokens on various blockchains including Bitcoin, Ethereum, Tron, Solana, Binance Chain, Tomochain, Polkadot, and Avalanche.

Download: www.coin98.com

8). Evercoin Wallet

Evercoin wallet is a non-custodial mobile crypto wallet (supported by both Android and iOS devices) established in 2017.

Why We Love It

It also functions as an in-built crypto-to-crypto exchange that allows users to swap crypto assets directly from their wallets without registering.

Evercoin recently launched an Evercoin 2.0 wallet that is a mobile hardware wallet about the size of a house key and can be connected directly to Android or iOS devices. 

Supported Cryptocurrencies

Evercoin wallet supports 19 cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, EOS, Ripple, and Litecoin.

Download: www.evercoin.com

9). Atomic Wallet

Atomic wallet is a non-custodial multi-platform crypto wallet established in 2017. Unlike other wallets where a third party is needed to send users crypto currencies, Atomic wallet allows its users to buy cryptocurrencies directly from the platform.

Why We Love It

It also allows atomic swaps where users can swap/exchange any coin and token on the wallet.

As a multi-platform wallet, Atomic wallet is available as a desktop application (supported by Windows, Linux, macOS, and others) and as a mobile application (supported by both Android and iOS devices).

Atomic wallet partners with CoinMarketCap to enable its users to access real-time coin prices and the latest news on the crypto space.

Supported Cryptocurrencies

The atomic wallet supports over 500 cryptocurrencies including Bitcoin and Tron.

Download: www.atomicwallet.io

10). Metamask Wallet

Matamask wallet is an open-source non-custodial crypto wallet that acts as a browser extension connecting to the Ethereum blockchain. It helps users store Ethereum or any other Ethereum- based (ERC-20) tokens.

Why We Love It

Metamask extension works on Chrome and Firefox browsers. In 2020, it became available as a mobile application for both Android and iOS devices.

Upon registration, users are required to generate a password and are given a 12-seed word that can be used to restore the wallet if the password is forgotten. Email addresses and personal information are not required for registration, making it impossible to change forgotten passwords.

Supported Cryptocurrencies

Ethereum and ERC-20 tokens.

Download: www.metamask.io

11). Edge Wallet

Edge wallet is an open-source non-custodial mobile crypto wallet that is compatible with Android and iOS devices. It employs a zero-knowledge security orientation as email addresses and personal information are not required for set-up.

Why We Love It

It also allows users to convert between coins and tokens directly from the wallet.

It has a simple user interface: its advanced settings are separated from the rest of the app and users can create multiple wallets that are accessible on the main dashboard.

Supported Cryptocurrencies

Edge wallet stores a limited number of cryptocurrencies including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Ripple, EOS, and Stellar.

Download: www.edgewallet.app

12). Argent Wallet

Argent wallet is an open-source non-custodial Ethereum-based wallet founded in 2017 but became available to the public in mid-2020. It is a mobile app wallet compatible with both Android and iOS devices.

Why We Love It

Argent wallet makes investing in decentralized finance and interacting with decentralized applications easier for users as its interface mirrors a banking-app style.

Users can earn interest when they lend crypto through decentralized finance.

Instead of a 24-word seed phrase for password recovery, Argent employs a security measure known as Social Recovery where users select Guardians (that could be close friends, family, or hardware wallets like Ledger wallet) to verify their identity.

Argen also allows users to set daily transfer limits that act as a safety feature if the wallet is hacked.

Supported Cryptocurrencies

Argent wallet supports only Ethereum-based coins and tokens. This makes it unsuitable for users who want a wide range of crypto assets.

Download: www.argent.xyz

13). Free Wallet

Free wallet is an open source custodial wallet founded in 2016. It is a mobile app wallet available to both Android and iOS devices.

Why We Love It

Free wallet has an integrated exchange called Changelly which is in-built on the wallet, enabling users to purchase and trade over 100 crypto assets directly from their wallet.

It uses cold storage for coins and tokens, meaning that its crypto assets are kept offline while only their balances are visible online.

Free wallets also have a multi-signature feature and a daily and weekly transfer limit that helps minimize the risk of theft.

Supported Cryptocurrencies

Free wallet supports over 100 cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) for both storage and exchange. 

Download: www.freewallet.io

14. Blue Wallet

Blue wallet is an open-source non-custodial Bitcoin-only mobile wallet (for Android and iOS devices) available in 20 languages including English, Chinese, Spanish, and French. It was launched in 2018.

Why We Love It

It offers a 24-word seed phrase that can be used for wallet recovery. Blue wallet gives its users access to a second layer network called Lightning Network that solves scalability problems by enabling users to transact off-chain making them faster and with lower fees.

It lets users open a decoy wallet with a different password which would show a fake account. This serves as a security measure when a user is under attack and forced to enter their password.

Supported Cryptocurrency

Bitcoin

Download: www.bluewallet.io

15). Samourai Wallet

Samourai wallet is an open-source non-custodial Bitcoin wallet that focuses on privacy and security. It is a mobile wallet available only to Android devices.

Why We Love It

It offers a SegWit feature that enables lower fees and faster transactions.

It implements BIP 47 protocol which enables public address privacy. Instead of sending an address to receive BTC, users send a QR code that is scanned. This provides anonymity for the wallet. 

Samourai wallet also offers Tor and VPN features that hide the IP addresses of users.

Recovery of lost passwords is possible through a 12-word seed phrase provided on registration.

Supported Cryptocurrency

Bitcoin

Download: www.samouraiwallet.com

16). Exodus Wallet

Exodus wallet is a closed-source non-custodial software wallet available to both desktop and mobile devices (and compatible with hardware wallets like Trezor).

Why We Love It

It uses hot storage where users’ private keys are stored online. It is suitable for beginners as it offers an easy-to-navigate interface and responsive customer support.

Exodus has a portfolio section where users can check the value of their crypto-asset against different fiat currencies. It also has an in-built trading function allowing users to swap between over 100 cryptocurrencies.

Exodus implements 2 methods for wallet recovery: the use of a 12-word seed phrase given on registration and the use of an email restoration option where a link is sent to the user’s email and recovery is made by clicking it.

Supported Cryptocurrencies

Exodus supports over 150 coins and tokens including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Stellar, and Dash.

Download: www.exodus.com

17). Abra Wallet

Abra wallet is a custodial mobile wallet established in 2014, serving over 150 countries including the U.S.

Why We Love It

It offers low transaction fees. Almost all its deposit and withdrawal fees are free except its deposit through visa/Mastercard and through US-based AMEX card which incurs a 4% transaction fee.

Abra Borrow allows users to borrow stablecoins loans using crypto as collateral.

Users want up to 7.5% interest for holding certain cryptocurrencies (including Bitcoin, Ethereum, and Ripple) and US dollar stable coins.

Supported Cryptocurrencies

Abra wallet supports over 100 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Dogecoin, and Litecoin.

Download: www.abra.com

18). ZenGo Wallet

ZenGo wallet is an open-source non-custodial mobile wallet available to both iOS and most Android devices.

Why We Love It

It is a keyless wallet. Instead of attaching users’ funds to a private key that can either be stored with the user (and risk losing it) or in the server (and risk hacking), ZenGo divides the private key into two parts; one stored in the server and the other stored in the user’s phone. For transactions to be signed, the two parts have to interact. 

This also implies that there are no seed phrases for wallet recovery, instead, ZenGo scans the user’s face and stores an encrypted backup of their private key on the user’s cloud storage. If a user loses access to their wallet and wants to recover it, all that is needed is a face scan.

ZenGo supports staking of Tezos with users earning up to 5.5% interest for doing so. Its saving feature also supports DeFi lending where users earn 5-15% annual interest for lending stablecoins and Ethereum-based assets.

Supported Cryptocurrencies

ZenGo wallet supports Bitcoin, Ethereum, Tezos, and Luna blockchains. It also supports Ethereum-based ERC-20 tokens and stablecoins like USDC and USDT.

Download:www.zengo.com

19). Trust Wallet

Trust wallet is an open-sourced non-custodial wallet established in 2017 and acquired by Binance in 2018. As a mobile wallet, it is compatible with both Android and iOS devices.

Why We Love It

Trust wallet has over 5 million active users. It allows users stake coins under a proof-of-stake (PoS) protocol, helping them earn interest on their coins. 

It also has an in-built Dapps browser that helps users explore decentralized applications.

Supported Cryptocurrencies

Trust wallet is a multi-coin wallet supporting a large variety of coins and tokens including Bitcoin, Ethereum, Ethereum Classic, Litecoin, BEP2, ERC20, and ERC721.
Download: www.trustwallet.com

Conclusion

To avoid losing your funds to fraudulent wallet services, you must do your research and confirm that their services are a good fit for you.