Crypto tokens are digital currencies, which means you store them in a digital world. You’ll need a crypto wallet if you want to keep, manage, or use these coins.
The market offers two main types – hardware and software crypto wallets. These can keep your digital coins safe by storing your private and public keys. Picking the best crypto wallet depends on many factors, such as security, support for desired coins, portability, and ease of use.
At Bankless Times, we analyzed the market to the smallest detail to identify the top crypto wallets. Check out the list below if you need a reliable solution to manage digital currencies!
1. SpectroCoin Wallet
Characteristics: SpectroCoin is your connection between the crypto and fiat world. It doesn’t offer the highest level of anonymity since it’s a software wallet.
Functionality:
SpectroCoin has both a mobile app for Apple and an online version. The app offers fast cryptocurrency purchases and access to all addresses and cryptocurrency exchanges associated with the SpectroCoin account.
The wallet has a fairly intuitive interface and is similar to websites where users can buy cryptocurrencies or sell them to brokers. This difference with SpectroCoin is that consumers transact directly with the company and not with brokers.
In order to start trading, users just need to navigate to the exchange tab on the SpectroCoin website. The buy/sell buttons are at the top of the exchange page.
When the user clicks one of these buttons, it will redirect to the cryptocurrency exchange section.
You also get a personal IBAN and debit card, which is convenient. It’s possible to convert BTC to euros and manage multiple digital currencies. Overall, SpectroCoin Wallet is user-friendly and suitable for beginners.
2. ZenGo Wallet
Characteristics: ZenGo uses biometric encryption and MPC wallet cryptography. The recoverability level is fantastic, and there’s no risk of losing private keys like with hardware wallets.
Functionality:
KZen Networks, a technology startup that creates blockchain networks, released ZenGo, a secure cryptocurrency wallet. The ZenGo team launched in 2018 to provide users with a secure and easy-to-use wallet.
ZenGo is a multi-chain network that serves as an all-in-one cryptocurrency hub, allowing users to access Web3 protocols such as NFTs, DeFi, gaming, and DApps (Decentralized Applications). In addition, ZenGo is the first Web3 crypto wallet powered by Multiparty Computation (MPC) technology, which protects against private key hacking.
ZenGo’s security strategy significantly reduces the risk of unauthorized access by implementing 3-factor authentication (3FA) compared to most wallets.
You can trade, buy, and sell in a user-friendly layout. In addition, ZenGo Wallet offers up to 5% yield, and it’s possible to access NFTs and DeFi apps.
3. BlockFi Wallet
Characteristics: BlockFi is another wallet suitable for beginners. It offers a free account with a simple registration. There’s two-factor authentication but no advanced security option.
Functionality:
BlockFi is a robust platform for lending and cryptocurrency wallets. BlockFi’s web interface and mobile app allow users to instantly buy, sell, trade, and store a selection of digital assets.
The company’s most prominent feature is the BlockFi Interest Account (BIA), which allows investors to lend their digital assets to BlockFi and receive up to 7% APY. In addition, users of BlockFi can buy cryptocurrencies with a wire transfer and receive interest payments on their holdings instantly.
Users can also take out loans backed by cryptocurrencies by pledging cryptocurrencies as collateral for access to dollars. In this way, investors can access cash while holding cryptocurrencies.
This is particularly interesting for investors, as it allows them to avoid a taxable event if they sell cryptocurrencies at a profit to obtain cash. US customers even have a feature that simplifies tax reporting.
4. Wirex Wallet
Characteristics: The secure multi-party computation is a cryptographic system that keeps Wirex Wallet safe. If you lose the device, the biometric backup will help retrieve access to your funds.
Functionality:
Crypto holders can use Wirex to handle both digital and fiat money. In addition, Wirex’s “Cryptoback” rewards card allows users to spend cryptocurrencies anywhere card payments are accepted. This makes Wirex an excellent choice for those who want to utilize cryptocurrency as money.
With the help of Wirex, individuals can control and spend both digital and physical currency in one place, and choose from a range of 59 different cryptocurrencies. Users can store, transfer, receive, buy, sell, and spend their funds through web and mobile platforms.
The Wirex crypto debit card also allows users to spend cryptocurrencies and receive cashback benefits in crypto.
5. Nexo Wallet
Characteristics: Over five million users use Nexo to store and grow their crypto portfolios worldwide. The company is under real-time audit and has a $775 million insurance on custodial access. It’s not as anonymous as hardware wallets but impressively safe.
Functionality:
Nexo wallet users have access to all the features that a cryptocurrency wallet can offer and all the benefits of mobile cryptocurrency wallets. In addition, users can log in to the Nexo wallet at any time using their email address or cell phone number, which is always synchronized with the blockchain.
Users can manage coins on their PC and access their Nexo accounts anytime through the company’s website. Windows, OS X, Ubuntu, and other Linux-based operating systems all support the Nexo wallet.
You can trade over 300 pairs in the Nexo exchange. In addition, the platform offers a Nexo card with up to 2% in crypto rewards.
6. Trustee Wallet
Characteristics: Trustee Wallet has excellent user ratings for its Android and iOS apps. It supports over 1,200 coins while ensuring maximum security with no AML or KYC programs.
Functionality:
The Trustee Wallet has an intuitive design that lower barriers to entry for newcomers. Some of its most important advantages are listed below:
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Minimal exchange rates
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The user is the only one with access to the funds, passwords, and data.
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Supports many types of crypto assets
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Referral program available
In addition, users can acquire crypto and withdraw it to bank cards. The loyalty program offered by Trustee also has attractive benefits.
7. Abra
Characteristics: Abra is an all-around crypto platform with access to 75 trading pairs in its version for individuals. You can also try special Private ABra for dedicated support and customized experience, and there are services for institutional clients, too.
Functionality:
Abra was founded in 2014. It started as a trading platform where users could deposit fiat money and buy stocks and exchange-traded funds (ETFs).
In 2017, Abra began supporting Bitcoin, and before the end of the year, it supported more than 50 fiat currencies in addition to BTC, LTC, BCH, and ETH. The following year, Abra introduced 20 more cryptocurrencies.
This wallet is a very secure choice because Abra never sees your private keys; instead, it stores users’ private keys on your smartphone within the Abra app. As a result, your holdings are completely under your control.
You can buy, sell, and trade crypto. Borrowing against it is possible with interest rates as little as 0% APR. Abra allows generating up to 10% APY on your assets.
8. BitKeep Wallet
Characteristics: BitKeep uses the DESM encryption algorithm and mnemonic phrases to keep your digital assets safe. It’s secure but easy to use, with support for Android and iOS, but also Google Chrome and Microsoft Edge.
Functionality:
BitKeep offers a wealth of features and services to get you started using digital assets, making it a great Web3.0 wallet for beginners. In addition, the digital wallet makes it easy to store and manage your investments.
For example, if you own Bitcoin and a number of DeFi altcoins, you don’t have to worry about having a separate wallet for each cryptocurrency. Instead, over 200,000 coins from the top 30 chains, including Polygon, Binance Smart Chain, Ethereum, Avalanche, and Fantom, can be stored using BitKeep.
Second, the DApp store makes accessing a huge selection of decentralized blockchain applications easy. This is a fantastic way to explore all the benefits of the expanding DeFi industry.
9. CoinRemitter
Characteristics: CoinRemitter is not a traditional wallet but acts as a payment gateway. More than 30,000 people have chosen it for more than 10 million transactions because it is trustworthy and secure.
The basic concept of CoinRemitter is aimed at sellers and retailers. We think CoinRemitter is quite easy to use for newcomers to the cryptocurrency business and experienced users. However, it is advisable that the user must be familiar with at least the basics of cryptography.
Functionality:
The site asserts its 0.23% withdrawal costs are the lowest in the market. Additionally, coins can be listed, and e-commerce plugins can be added to allow crypto payments through CoinRemitter.
10. OWNR Wallet
Characteristics: OWNR Wallet can store multiple assets, including ERC-20 tokens and nine coins. You can download mobile and desktop apps for a streamlined experience.
Functionality:
A smart and secure cryptocurrency wallet for storing all digital assets is OWNR Wallet. You can buy, sell, send store, and trade various cryptocurrencies with free software, including BTC, BCH, ETH, ERC20 tokens, LTC, Dogecoin, TRON, and more. This wallet allows users to manage all cryptocurrencies quickly and easily.
Users can buy cryptocurrencies with a debit card, but can also use Visa prepaid cards instead. In addition, OWNR can act as a paid gateway and payment intermediary for OTC transfers.
11. AtomicDEX
Characteristics: AtomicDEX has been around since 2016, making it one of the oldest wallets available. It’s incredibly secure and anonymous since it supports P2P crypto trading that doesn’t involve intermediaries.
Functionality:
AtomicDEX is a desktop, mobile, and web application that serves as a cryptocurrency wallet and decentralized exchange at the same time.
It allows users to transfer, receive, and trade a variety of coins, including ERC-20 and BEP-20 tokens, BNB, Ethereum, and Bitcoin. When using AtomicDEX, there is no need to download the entire blockchain.
One of the most important features of the AtomicDEX wallet is the use of a 24-word seed phrase that users must keep secret or remember in order to recover cash in the event of a lost password.
With support for more than 500 currencies, you can HODL or trade cryptocurrencies across different blockchains. There are no queues for deposits or withdrawals, and fees for takers are low.
12. Zumo Wallet
Characteristics: Zumo does require registering, but they promise an ultra-secure ID. For a software wallet, the security level is impressive. The same applies to the ease of use since the software is fast and reliable.
Functionality:
Due to its sleek interface, convenience, and security, Zumo rose to the top 5 banking apps in both the Apple and Google Play stores within a year of its release.
A convertible debit card from Zumo allows cryptocurrencies to be used anywhere Visa is accepted. However, only Bitcoin and Ethereum are supported, which is somewhat restrictive.
13. SimpleHold Wallet
Characteristics: SimpleHold uses Advanced Encryption Standards to maximize key safety. The wallet is open-source and delivers a maximum anonymity level.
Functionality:
The SimpleSwap team has developed SimpleHold, a lightweight wallet that prioritizes security and ease of use. It supports a wide range of cryptocurrencies, including Bitcoin and Ethereum. The wallet does not require any registration and does not require any private information.
Also, it’s possible to import your private keys from another wallet to SimpleHold at any time.
The wallet allows users to store NFTs and supports more than 200 different currencies. Trading through the app is easy, as is sending and receiving cryptocurrencies.
14. Infinity Wallet
Characteristics: Infinity has desktop and mobile wallets, which might vary slightly regarding features. The software is available in multiple languages. Infinity is a user-friendly option for managing multiple wallets.
Functionality:
A cryptocurrency wallet called Infinity Wallet allows users to send, receive, request, and exchange coins and track market trends. With its help, users can manage numerous cryptocurrencies, analyze assets and exchanges, and track combined historical portfolios or specific assets.
Buyers can choose the currencies and amount to trade while switching between digital assets. In addition, the dashboard can visualize portfolio data in real-time and track the wallet’s balance daily, monthly, or yearly.
Although the platform supports thousands of assets, not all of them are available for trading. However, sending and receiving all coins is easy.
15. LiteVault
Characteristics: LIteVault uses in-browser cryptography and AES algorithm, which are quite basic security measurements to protect your funds. You need to provide an email for an account. The registration process and using the wallet are user-friendly.
Functionality: One web wallet designed for Litecoin is LiteVault. Without downloading the Litecoin blockchain, users can transfer, receive, and store cryptocurrencies. Although users give up control of their private keys, LiteVault does not have access to them because the data is encrypted before it reaches the servers.
No fiat currencies are supported, and Litecoin is the only available cryptocurrency.
When users log in to LiteVault, their browser sends the required data to the company’s servers. The servers then send back an encrypted copy of the user’s wallet, which the user’s browser then decrypts. The user’s password, which is never provided to the server, is used by the browser to decrypt this data.
There are no software versions of LiteVault; access is only possible through web browsers.
16. JuBiter Blade
Characteristics: JuBiter Blade is a cold wallet that looks like a debit card. It’s convenient to place in a wallet and carry with you. The creators added the CC EAL6+ element and offered Bluetooth and USB connections to make transactions.
Functionality:
The JuBiter Blade is a hardware wallet that is small, uncomplicated, and very secure. It was designed with the intention of providing cryptocurrency owners with top-notch security when handling their digital assets.
The crypto options are limited as the platform has stopped supporting ETC, LTC, DASH, BCH, and USDT. However, JuBiter Blade is still the most secure way to store Bitcoin, which makes it a good choice for those storing large funds.
17. CryptX Wallet
Characteristics: Security features are decent since keys remain in Securosys Hardware Security Modules in Switzerland. CryptX requires an email address to register and is among the web wallets that are the easiest to use.
Functionality:
The ability to swap coins almost instantly is its main feature. Still, more importantly, its auto-swap feature allows wallet owners to set up rules that trigger swaps when the account balance reaches a minimum or maximum value. In addition, SegWit Bech32 is used by CryptX Wallet to enable transaction batching, resulting in faster transactions with lower fees.
Numerous crypto ATMs offer CryptX Wallet as a wallet option, making it even easier to set up and use. Casinos, gambling companies, and e-commerce organizations use this wallet frequently also.
CryptX wallet supports seven blockchains and over 100 coins. It aims to offer an asset management option for individuals and businesses, especially with options like API access and auto-swaps.
18. Atomex
Characteristics: Atomex is a lightning-fast decentralized exchange. If you plan to use it, it’s best to choose Atomex DEX Wallet. It’s non-custodial, which maximizes privacy and anonymi6y. You can download software or use a web wallet.
Functionality:
A smartphone app called Atomex wallet contains an integrated currency converter.
A peer-to-peer trade between two parties without intermediaries, or an “atomic swap,” is the way cryptocurrency conversions process anonymously and on chain. The private keys are under the control of the user. This type of exchange usually completes within a few minutes.
The main cryptocurrency providers, such as Bitcoin, Ethereum, Litecoin, and Tezos, are covered by Atomex. The platform is fast and offers guaranteed rates with no transaction fees.
19. Unstoppable Wallet
Characteristics: Another software-based, non-custodial wallet with a focus on maximum security is Unstoppable Wallet. This is a type of software that
stores digital assets anonymously without requiring the user to go through any KYC processes.
Functionality: This app can save numerous different types of tokens. The 0.27 update has made Unstoppable Wallet NFT-ready.
It supports the storage of the most popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash, Zcash, Binance, EOS, Bitcoin Cash, and various tokens that comply with ERC20 and BEP2 standards.
20. FLX Wallet
Characteristics: FLX is a hardware wallet that weighs as little as five grams, depending on the model selected. It has a 90-min charge time and uses USB-B connections.
Functionality:
It acts as an offline device for safely storing cryptocurrency funds. A 6-digit PIN code is used to secure the FLX hardware wallet. The FLX wallet supports major cryptocurrencies. In addition, mobile apps are used to update firmware.
Some of its key features include:
However, it seems FLX has been discontinued since the support isn’t available since 2021. Nevertheless, if you come across an unused unit, you can still get the wallet and use it to store your crypto.
Final Thoughts
Your first consideration is whether you need hot or cold storage wallets. Hot wallets are software-based, and some are only available via a web browser. However, they are easier to access and offer decent security and anonymity.
Cold storage wallets are devices that store your private keys offline, maximizing security. The general rule is they are more tailored to advanced users. But it definitely comes on your preference, and there’s no reason not to combine software and hardware wallets. Thanks to the list above, you’ll easily find the solutions that fit your crypto preferences!
