What Is a Crypto Wallet?
A crypto wallet is software that stores private and public keys to interact with a blockchain and manage cryptocurrencies. They don’t store cryptocurrencies actively despite being called a Crypto Wallet. Generally, cryptocurrency wallets securely store, send, and receive digital assets like Bitcoin, Ethereum, and other cryptocurrencies.
Mainly, there are two types of crypto wallets: hot and cold wallets. Two major differences between them are hot wallets are vulnerable to hacking because they are connected to the internet while cold wallets are offline with greater security.
Our Top 10 Picks for Best Crypto Wallet App
Best Crypto Hot Wallets of 2024
- Coinbase Wallet – Beginners Friendly
- MetaMask – Ethereum Friendly
- TrustWallet – Best for Mobile Users
- Electrum – Best Desktop & Bitcoin Crypto Wallet
- BlueWallet – Best Mobile Crypto Wallet for Bitcoin
- Exodus – Best Crypto Wallet for Desktop
- Crypto.com – Best DeFi Wallet
Best Crypto Cold Wallets of 2024
- Ledger Nano X – Supports All Device
- SafePal – Best Hybrid Crypto Wallet
- BC Vault – Best Long-Term Crypto Storage
Best Crypto Hot Wallets of 2024
- Coinbase Wallet – Beginners Friendly
Coinbase, one of the world’s largest cryptocurrency exchanges developed the Coinbase Wallet desktop app, mobile app, and a browser extension. This crypto wallet helps you to directly buy crypto from Coinbase, transfer crypto to a Coinbase account easily, and store hundreds of Cryptocurrencies. It supports cryptocurrencies like Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Stellar Lumens, Ripple, and Solana.
Price: Free
Pros:
- Easy navigation and user-friendly interface
- Supports 100,000+ digital assets
- Supports two-factor authentication & Multi-signature
- Provides biometric authentication (FaceID, TouchID)
- Cloud backups to protect your digital keys
Cons:
- Same security issues as other hot storage alternatives
- Only available for Mobile and Tablet
- MetaMask – Ethereum-Friendly
MetaMask is a popular, widely used, and best crypto wallet software for Ethereum users and is also available as a browser extension. This wallet’s quick, easy, and user-friendly interface provides instant access to tokens and dApps within the Ethereum network. MetaMask is a notable and compatible crypto wallet solution that supports Web3 networks like Polygon, BNB Chain, and Avalanche and popular NFT marketplaces like OpenSea. MetaMask supports Ethereum, ERC-20 tokens, and Layer 2 solutions like Polygon!
Price: Free
Pros:
- Intuitive Interface
- Access to popular NFT marketplaces
- Supports dApps
- Open-source code with full security
- Full control of private keys for users
Cons:
- Can’t store Bitcoin directly
- Fees for Ethereum transactions can be high
Binance created TrustsWallet, one of the best crypto wallets for mobile offering a clean interface, interoperability with Binance and Binance.US, and built-in support for dApps, NFTs, and crypto assets. This crypto wallet supports 70+ blockchains including Bitcoin, Ethereum, Solana, and Litecoin, and can store 4.5 million+ coins and tokens. Trust Wallet has a built-in Web3 browser to access dApps and blockchain games directly through the app. This makes buying NFTs easy without leaving the app because users can view, purchase, and store tokens using the incorporated decentralized exchange.
Price: Free
Pros:
- Easy-to-use and simple interface
- Built-in Web3 browser
- Earn interest on one of 12 cryptocurrencies
- Supports a range of coins and tokens
- Highest-rated cryptocurrency mobile wallet on the App Store and Play Store.
Cons:
- Has regulatory issues
- Limited educational resources on coins and tokens
- Electrum – Best Desktop & Bitcoin Crypto Wallet
Electrum is the best Bitcoin wallet with high customizability and extensive security features. The wallet’s top security features are 2FA, transaction-proof checking, and a multi-signature wallet. The wallet uses a light client that’s easy to set up and takes less space than traditional wallet clients. Its simple payment verification (SPV) speeds up transactions with full security by downloading parts of the blockchain.
Price: Free
Pros:
- Easy to set up and fast
- Greater security
- Customizable transaction fees
- No downtime due to server configurations
- Open-source wallet to build trust
- Can be used as Cold Storage by integrating hardware wallets like KeepKey, Ledger, and Trezor
Cons:
- Not ideal for beginners
- No customer support
- BlueWallet – Best Mobile Crypto Wallet for Bitcoin
BlueWallet is on this list because it is one of the best Bitcoin wallets for mobile. It’s rich in features, integrates with Lightning Network, and offers a simple user interface. BlueWallet offers basic functionality like sending, receiving, and storing BTC and advanced functionality like sending batch transactions and customized fees. It is available on the Play Store and App Store to directly download.
Price: Free
Pros:
- Modern design and user interface
- Generate wallets or addresses to support offline mode
- Supports multiple wallets
- Multi-signature vaults for security
- Fee & Transaction control
- Get notifications for all transactions
- BlueWallet supports 30+ currencies like USD, AUD, BRL, CAD, CHF, CZK, and more.
Cons:
- Two-factor authentication is not supported
- No in-app tutorials to use advanced features
- Exodus – Best Crypto Wallet for Desktop
Exodus is our pick as the best crypto wallet for desktops because of faster crypto transactions, ease of use, and multiple functionality of its client. Its desktop crypto wallet is available for all three major OS: Windows, Linux, and Mac. This wallet offers a scannable QR code to send and receive digital assets. It secures, manages, and swaps 300+ digital assets like Ether, Litecoin, XRP, and Bitcoin Cash by encrypting private keys and transaction data on the device only.
Price: Free
Pros:
- No need for registration or verification
- Online help desk and 24/7 customer support
- Use ApplePay to buy Bitcoin
- Customizable transaction fees
Cons:
- No multi-signature support
- No 2-factor authentication
- The in-wallet crypto exchange has high transaction fees
- Crypto.com – Best DeFi wallet
Crypto.com is on this list because it is the best DeFi crypto wallet that offers decentralized finance tools, multiple security layers, support for 250+ cryptocurrencies, and has 80 million+ users. This DeFi wallet gives complete control over digital assets and private keys to its users. This wallet also offers real-time price alerts and bank transfers to buy cryptocurrencies instantly.
Price: Free
Pros:
- Buy 250+ cryptocurrencies including Bitcoin, Ethereum, and more.
- Trade with 20+ fiat currencies
- Trusted by 80+ million users worldwide
- Supports recurring buy
- Get notifications on Price alerts
- Multiple security layers
Cons:
- Geo-restrictions on built-in token swap
Best Crypto Cold Wallets of 2024
- Ledger Nano X – Supports All Device
Ledger Nano X is one of the best hardware crypto wallets because it offers easy setup, advanced security, USB-C connectivity, Large capacity, and Bluetooth-enabled crypto wallet. Reclaim power over money by combining the Ledger Nano X with the Ledger Live app to control digital assets with maximum security. Buy, exchange, and trade crypto safely and smartly in seconds. Its biggest capacity helps in storing 5500+ tokens including Bitcoin, Ethereum, and XRP.
Price: ₹14,405.93
Pros:
- Install 100+ apps
- Supports 5500+ cryptocurrencies
- Ledger Live App to buy and sell crypto directly
- Simplified verification for all transactions
- Compatible with Android, iOS, Windows, Mac, and Linux
Cons:
- Very expensive
- Custom OS is not open-source
- SafePal S1 Pro – Best Hybrid Crypto Wallet
SafePal S1 Pro is the best hardware crypto wallet because it integrates smoothly with software and hardware solutions and is compatible with iOS, Android, Windows, and MacOS. It also supports 15+ languages and 30,000+ digital assets across 100+ blockchains. The web3-enabled wallet easily interacts with dApps and trade NFTs across marketplaces. The 100% air-gapped signing mechanism keeps the crypto transactions safe from online threats.
Price: $89.99
Pros:
- The entry-level wallet price is $49
- 1-year warranty for cold wallets
- Options for software and hardware wallet
- Supports 30,000+ cryptocurrencies
- Real-time K-line tracking
- Minimalist design
Cons:
- Not for beginners
- Limited battery life
- Limited hardware integration with the SafePal hot wallet
- BC Vault – Best Long-Term Crypto Storage
BC Vault is one of the best hardware crypto wallets of 2024 that offers high-level secure storage to hold digital assets for the long term. Its 20+ years of experience makes it a prominent choice for every crypto enthusiast. The FeRAM chip has 200+ years of lifespan making the device suitable for multi-generational use. The BC Vault basic model pricing starts at € 131.14 and gradually increases with each advanced model. It supports millions of coins and tokens in one place, connects to web3 and dApps, and instantly and securely exchanges crypto inside the BC Vault desktop application.
Price: Starts at €131.14
Pros:
- Intuitive & user-friendly user interface
- Not vulnerable to browser attacks
- Universal 2-Factor Authentication
- Micro SD backups
- Supports 2000+ cryptocurrencies
Cons:
- Very expensive
Some More Best Crypto Wallet Worth Mentioning
- Trezor
SatoshiLabs developed the Trezor crypto wallet for 100% anonymity and security. It notifies of confirmation of every transaction directly on the wallet. Users can track their portfolio balance seamlessly by sending, receiving, and trading coins.
Pros:
- Offers multiple models like the Trezor Model One and the Trezor Model T for beginners and advanced users
- Touchscreen-enabled, Intuitive & convenient interface
Cons:
- Has similar functions like other hardware wallets but is more expensive
- Do not support iOS devices
- KeepKey
KeepKey is one of the best crypto wallets for beginners. This cold crypto wallet offers stress-free security, straightforward backup and recovery, sleek and simple display, and effortless crypto exchanges.
Pros:
- Hardware wallet at a reasonable price
- Support 7,200+ cryptocurrencies
- Easy-to-read digital display
- PIN protection against unauthorized use
- Additional passphrase protection
- Customizable transaction speeds
- Limitless wallet addresses on one device
Cons:
- Limited third-party integration
- Atomic Wallet
Atomic Wallet is a hot crypto storage wallet that offers 24/7 customer support, decentralized crypto exchange, instant swap with cashback, security, and anonymity.
Pros:
- Supports 1000+ coins and tokens
- Supports credit card crypto purchase
- Compatible with Windows, MacOS, Ubuntu, Debian, and Fedora
Cons:
- No integration with the hardware wallet
- Atomic Swap feature does not use as many coins
Learn More About Crypto Wallet
Blockchain has made digital transactions useful and accessible with top-notch security. But with the increasing number of digital and crypto asset users, the possibility of theft and hacking has also risen. This takes us to the next step on to learn more about blockchain technology, and cryptocurrency, and how they work, store, and transact digital assets.
