A cryptocurrency wallet is a secure digital wallet which is used to store, receive and send your digital currency to another wallet account or spend it for a purpose. You must have a wallet account to store or trade in cryptocurrencies. A transaction occurs when there is a transfer of value between cryptocurrency wallets which gets included in the blockchain. Private Key, which is a secret piece of data, is used to sign transactions in cryptocurrency wallets.
There are dozens of online cryptocurrency wallets available for users but ten best cryptocurrency wallets in no particular order are:
Best Cryptocurrency Wallets Reviewed
1. Ledger Nano S
Ledger Nano is a cryptocurrency and hardware wallet that stores cryptocurrencies like Bitcoin, Ethereum, and Altcoins. It connects using a USB cable and transactions are usually confirmed via interaction with the device. It can run multiple apps, and is also U2F authentication complaint certified. It is safe, inexpensive, malware proof and difficult to hack which ranks it among the best cryptocurrency wallets out there. Features include Multi-currency support, built-in display, security, backup, and restoration.
2. Ledger Blue
It is one of the most sophisticated hardware wallets on the market. It is light in weight thereby making it suitable for easy transportation and storage. It works with most cryptocurrencies and offers enterprise-level security. It is also made by the company that made Ledger Nano S. It is also more advanced and sophisticated than the previous one. New options are available in the wallet which is not seen in other cryptocurrency wallets. It is stylish in look, comes with advanced features thereby making it one of the most expensive wallets available in the market. It offers complete personal security which also features the touchscreen, Bluetooth, and USB connectivity. Features include secure elements, large touch screen, Bluetooth rechargeable battery, malware proof, PIN code and multiple currencies.
3. Exodus Wallet
Exodus comes with a very nice user interface that stores your private keys in one application. The private keys are encrypted and you have full assurance and control over it. It comes with great graphics features and a reporting system. It is colourful and easy to use. Other cryptocurrency wallets do possess almost similar features but the presentation style makes Exodus stands out. Apart from the design, Exodus comes with all the advanced features that are expected in any advanced level wallet. Features include one-click exchange, multi-currencies, complete security, 100% free, and a great design.
Coinbase is one of the most popular and largest cryptocurrency wallets and exchangers in the world. It is also a reputable and dedicated exchanger that stores and exchanges Bitcoin and Ethereum. It is supported in over 35 countries in the world. Over 15 million users transacted more than $30 billion in cryptocurrency exchanges which makes it the Industry leader for cryptocurrency exchanges. With coinbase, you can efficiently and safely store, send, receive and exchange cryptocurrencies. It has a great user interface and it is easy to use.
Mycelium is a popular cryptocurrency wallet and an open source software program with a lot of advanced privacy and security features. It is an Android-based cryptocurrency wallet that is been used by a lot of users. The wallet allows users to send and receive bitcoins while profiting from a top-notch security. It is one of the safest and fastest on the market. Its advanced privacy features are beneficial to people who want to be anonymous and keeps your cryptocurrency wealth well secure. They are incorporating with other third-party service providers to establish new and emerging applications with native functionality and a high degree of user trust. They presently incorporate with Cashila, Coinapult, Glidera, Ledger, and Trezor.
KeepKey is one of the emerging cryptocurrency wallets on the market. It has a unique design with sleek features which makes it one of the most beautiful cryptocurrency wallets out there. The device is very intuitive and easy to set up. KeepKey secures Bitcoin, Dogecoin dash, Ethereum, Litecoin, and Namecoin. It offers protection from hackers and thieves. It is also virus and malware proof because it doesn’t use an operating system like phones and PC. The firmware is 100% open source and works on PC, Linux, Mac, and Android. Modifications can be done to their firmware or you can simply create your own and run it. Keep Key comes with a great digital display and has a very appealing anodized aluminum and black polycarbonate case.
Trezor is an industry-leading cryptocurrency wallet. Trezor is among the perfect solutions for storing a large number of cryptocurrencies to keep them out of harm’s way. It comes with World-class security and flexibility features which make it ideal for beginners and experts. It claims to be the most secure. It offers ease of use and it also comes with an intuitive interface. It supports additional wallets and altcoins. It offers a Google Chrome extension that communicates with your hardware. Trezor offers durable token for authenticating and storing cryptocurrency. The token also serves as a security key for the new U2F authentication process.
Jaxx is a cryptocurrency wallet that allows you to store cryptocurrencies like Bitcoin and Altcoin and also allow exchanges between different currencies within the wallet (via the ShapeShift exchange). The wallet is highly intuitive and is self-hosted, so that you don’t keep your private keys with any 3rd party. It’s easy to use, awesome support and works on multiple platforms. Jaxx is not created for the cryptocurrencies only, but for all digital assets to store and make them secure from the hackers and thieves. Digital assets could be anything including regular currencies or digital currencies etc. It is available on all platforms (not limited to Android and iOS only).
Electrum is a fast and lightweight desktop app. It is a good choice for someone using older and less powerful computers for their cryptocurrency storage. Remote servers handle the most processor intensive parts of the wallet. Electrum is well known for its advanced security and privacy features, and users can use a secret passphrase to recover their wallet, though some people would like to use a wallet that doesn’t have confidence on remote servers. Private keys can be stored offline with Electrum. It offers integration with some hardware wallets like Trezor or Ledger products. Decentralized servers are utilized by Electrum to ensure minimal or no downtime.
StrongCoin is a cryptocurrency wallet which has been storing people’s cryptocurrencies since 2011. It is a hybrid-wallet that encrypts your private key in your browser so that sensitive details won’t be seen. The wallet is free to create, but they charge a small transaction fee to buy cryptocurrencies. One very good feature of StrongCoin is that it’s downloadable as a PDF. This means your cryptocurrencies can be secured just like a paper wallet, which means your tokens can’t be withheld for ransom like it happened in recent years. You can purchase Bitcoin and other cryptocurrencies directly to your StrongCoin wallet, so there’s no risk of theft from exchanges.