As well as storing your public and private keys, crypto wallets interface with the blockchains of various currencies so that you can check your balance and send and receive funds. The blockchain of any cryptocurrency contains a public record of all the transactions made since it began. Your wallet address keeps a record of all your transactions, and therefore also tracks your crypto balance.
By following the chain to today, a wallet can figure out how many coins you have. See it for yourself: Watch bitcoin transactions happen in real time. The most common type of wallet out there, desktop wallets are downloaded and installed on your computer. Easy to set up and maintain, most are available for Windows, Linux and Mac, although some are limited to a particular operating system. Many cryptocurrencies offer a desktop wallet specifically designed for its coin.
The biggest disadvantage is that they also rely on you to keep your computer secure and free of malware, so antivirus and -malware software, a strong firewall and a common-sense approach to security are required to keep your coins safe.
Most desktop wallets provide you with a long string of words to install. Mobile wallets are fairly similar to desktop wallets, but they run as an app on your smartphone. Mobile wallets feature many of the same advantages and disadvantages as desktop wallets, with your private key stored on your device. Smartphone wallets are often easier to use than desktop wallets.
Mobile wallets have the benefit of scanning other wallet addresses for faster transactions. They also make it simpler to access your coins on the go to make using cryptocurrency part of your everyday life. Take care to not lose your smartphone, however. Choosing an app that allows you to back up your wallet with a or word passphrase is a good idea. Most only require an email address and a password to create an account, and web wallets are usually designed to provide a simple and straightforward user experience.
Because some platforms maintain wallets for thousands of users, they can become hot targets for hackers. The best hardware wallets add another layer of security by keeping your private key on a USB stick or specially designed piece of hardware. They allow the user to plug the USB stick into any computer, log in, transact and unplug.
So while transactions are carried out online, your private key is stored offline and protected against the risk of hacking. As a result, hardware wallets are considered the most secure storage option. If you lose your hardware wallet, the device is protected by a PIN and typically other protective measures in place to help you recover your funds.
Paper wallets take to the next logical step the concept of entirely offline keys for hardware wallets: simply print out your public and private keys and use that piece of paper as your wallet. As secure as they are, paper wallets are also complex and can be confusing for beginners.
To transfer money to a paper wallet, you use a software wallet to send money to the public key printed on the sheet of paper. Most often, this is printed as a QR code for easy scanning. To transfer money from the paper wallet to someone else, first transfer money to a software wallet by manually entering the private key into the software, and then transfer money from the software wallet to the recipient as usual. This quick, convenient solution provides fast access to your crypto whenever you need it.
With this in mind, the safest solution is moving your coins into a secure wallet that lets you retain control of your private key. To choose the right wallet for you, consider your needs and compare wallets based on key factors that include:. Compare cryptocurrency wallets. These addresses are either:. Note that the exact process varies depending on the brand of wallet you choose.
For example, hardware wallet users typically need to connect their wallet device, enter a PIN or password and manually verify the transaction on the device. Receiving coins is even easier than sending them. However, wallets vary in how they receive them. Some provide you with a fixed public address, some give you a new address for every transaction and others provide a combination of the two.
Log in to your wallet whenever you want to check your balances. You can earn interest on some currencies by staking your holdings, though there may be specific instructions in your wallet to do this. Wallet security is crucial for any crypto owner, so keep these tips in mind to keep your funds as safe as possible:.
Used by the most secure and trustworthy wallets, two-factor authentication requires a regular username and password combination and another authentication method. This means that an attacker would need to know your username and password and also have your phone. Some wallets require you to install a secondary app on your smartphone that generates these PIN codes for you, adding another layer of security.
The right wallet for you is the one that matches your needs. If security is your No. Do your research and compare wallets. If anonymity is important to you, consider transacting with a privacy-focused coin like Monero. Sending a cryptocurrency transaction from your wallet usually costs a small network fee that varies depending on the currency you send. It depends on the cryptocurrencies you own and the wallet you choose.
Some wallets allow you to store only one specific cryptocurrency, while multicurrency wallets support any number of digital currencies. Light clients only synchronize essential information and fetch additional data from the network when required. Most mobile wallets are light clients, while you can also download desktop light clients.
Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. Over the course of his year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. Pick a SHIB wallet for long-term storage, short-term trading, or both. All you need to know about Metamask — the browser extension digital wallet and a user-friendly bridge to the world of Ethereum decentralised applications.
We analyze crypto hardware wallets on what matters most. Ratings are based on functionality, cost and security. Find out the pros and cons of the Cryptosteel wallet, including price, security features, competition and more.
Want to actually use your crypto? The Sugi cryptocurrency card, a hard cold wallet, might be for you. Everything you need to know about cryptocurrency hardware wallets: how they work, what they offer and picking the right one. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
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Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Tim Falk. Updated Apr 7, What changed? Navigate Cryptocurrency In this guide. Compare cryptocurrency wallets What is a cryptocurrency wallet? How do cryptocurrency wallets work? Types of cryptocurrency wallets How to choose a cryptocurrency wallet Using your cryptocurrency wallet How to keep your wallet safe Compare cryptocurrency backup devices Bottom line Frequently asked questions Read our wallet reviews Start comparing.
Crypto Finder. Cryptocurrency exchanges. Cryptocurrency wallets. How to buy. A-Z list of exchanges. A-Z list of wallets. Top coins explained. A-Z list of coin guides. Satoshi to bitcoin conversion. Ethereum unit converter. Crypto trading hours. NFT hub. Hardware wallet. The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S. Go to site More Info. Mobile wallet,Hardware wallet,Desktop wallet.
Free download. Founded in July , this free desktop wallet offers support for multiple cryptocurrencies including live chart tracking features. Mobile wallet. Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
Atomic Wallet 2. Desktop wallet. Compare up to 4 providers Clear selection. What is a cryptocurrency wallet? Public key. This is a long sequence of letters and numbers that forms the wallet address. With this, people can send money to your wallet.
Private key. This is used to access the funds stored in the wallet. How wallets and blockchains interact The blockchain of any cryptocurrency contains a public record of all the transactions made since it began. The amounts sent and received and the public wallet addresses are all public information. Easy to use Secure Plenty of choices Free to download Risk of computer viruses and malware Inconvenient to manage your crypto on the go The most common type of wallet out there, desktop wallets are downloaded and installed on your computer.
Popular desktop wallets: Electrum, Exodus , Copay. Easy to use Convenient Many options Free to download Losing your phone could cause problems Risk of hacking Mobile wallets are fairly similar to desktop wallets, but they run as an app on your smartphone. Popular mobile wallets: Jaxx, Coinomi , Edge. BRD is a web-based cryptocurrency wallet that helps traders exchange cryptocurrencies, control funds and monitor transactions.
The application allows users to transfer a variety of digital currencies including Ethereum ETH , Bitc Luno is a cryptocurrency wallets software that helps businesses purchase, store, sell and manage various digital currencies including Bitcoins and Ethereum. The platform enables administrators to build cryptocurrency portfolios an Lumi Wallet is a cryptocurrency wallet application that helps individuals utilize cryptography, private keys, and encryption to securely store crypto assets on a centralized platform.
It enables users to buy, sell, and exchange mu USDX Wallet is a blockchain wallet application designed to help users transfer cryptocurrencies, store and encrypt data and validate payments using two-factor authentication. The application enables users to send funds using the Atomic Wallet is a cryptocurrency wallet, which helps traders send and receive a variety of cryptocurrencies from within a secure platform.
Built on the DApp portal, TokenPocket can easily connect wit Cake Wallet is a multi-chain cryptocurrency wallet designed to help individuals manage and conduct Monero, LiteCoin, and Bitcoin exchanges. Cake Wallet allows users to manage and backup multiple wallets and accounts locally or to Shrimpy is a centralized cryptocurrency platform designed to help users manage their entire crypto portfolio.
With Shrimpy, users can easily link exchanges and wallets in one place. Shrimpy can monitor crypto markets and track the Freewallet is a cryptocurrency wallet that allows users, worldwide, to buy, store, send, and exchange over cryptocurrencies.
Freewallet secure transactions and keep your assets safe with 2fac authentication, fingerprint login Ember Fund is a managed cryptocurrency wallet app that allows users to retain control of all their assets. Ember Fund is a non-custodial wallet system that can secure cryptocurrency assets without having full control over all asse Explore Cryptocurrency Wallets Software Category overview. Cryptocurrency Wallets.
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A to Z : Sorts listings by product name from A to Z. Average Rating. Alphabetically A-Z. Reset Show 24 Results. Showing 1 - 20 of 24 products. Coinbase Wallet Coinbase Wallet is a digial cryptocurrency wallet that provides a platform to store, exchange, buy, and sell multiple types of digital currencies. Read more 4. Trust Wallet Trust Wallet is a cryptocurrency wallet, which enables businesses to store, buy, exchange and collect non-fungible tokens NFTs and cryptocurrencies.
You can have multiple portfolio wallets, one for investing, the other for trading, and so on. This feature alone is making Safepal an ideal choice for a crypto mobile app. The wallet has an in-built DApp browser, and you can import your existing wallet or create a new wallet using Safepal wallet.
The interface is refreshing, and once you get the hang of the Safepal app, you may not use any other crypto wallet ever. The team is proactive in development, and they are constantly adding new features. The wallet design is stylish and the user interface is rather intuitive.
The good thing is, despite the stylish design, there is no compromise on user security. It still follows the top-notch security standards of the crypto world. Support for more cryptocurrencies on Exodus is planned for the future.
However, remember it is a desktop-only wallet and you require no registration or KYC for using this wallet. Of course, you certainly need to take a backup of your seed key that Exodus provides you while setting-up Exodus for the first time.
Update: Exodus now supports close to cryptocurrencies! They also have multiple exchange partners not just ShapeShift , which means we can offer more exchangeable assets. Sourcing liquidity from various partners has made exchanging in Exodus faster and more reliable. Exodus is now available on mobile as well. They also do not require a personal email — this is an option for those who wish to receive the email backup link. Any email address can be used — or none at all! The email is only used once to send the backup link.
Privacy is very important to Exodus and they do not store any customer personal data — not even the email address. This is a new entrant in , and it is becoming popular as a Metamask alternative, and for being another popular browser addon wallet. This wallet has a great chance of becoming the top 3 multi-cryptocurrency wallet in the time to come, but for now, if you are looking for a browser-based solution, this is the wallet that you should be using.
Coinomi is the brainchild of a competent team based out of London, UK, and has been on the market ever since It is also widely respected in the crypto wallet community. Coinomi is a multi-currency HD wallet that provides you with a word backup seed key which is to be written down and kept safe. In case you damage or lose your device, this backup seed key will enable you to recover your cryptocurrencies.
The magic of HD wallets is that with this seed you can manage and securely store more than 50 cryptocurrencies and Ethereum tokens on the Coinomi wallet. Ledger Nano S is a very popular HD wallet crafted with love in France, a European country well-known for its art and design aesthetics. Similarly, their product, the Ledger Nano S , which is also a multi-currency hardware wallet, is a very sleek flash drive-like device.
It also comes with an OLED screen for easy handling and two side buttons for confirming transactions, which sometimes makes it looks like an advanced flash drive. This wallet can be used even on an infected computer to make transactions.
Plus, you get the freedom to store 48 cryptocurrencies, Binance coin, and thousands of ERC20 tokens in a single wallet. Note: Securely note down and store your word recovery phrase that Ledger Nano S spits at the time of set-up. If you lose this, all your cryptocurrencies will be lost forever. You need to enter the same pin code by clicking on your corresponding PC screen. This code is generated randomly every time you connect Trezor , which enhances safety. After entering the pin, you will be asked to write your word recovery seed.
Again, you need to keep your recovery key safe because this is the only way you will be able to restore your bitcoins. Trezor now supports more than 10 cryptocurrencies and thousands of ERC20 tokens and is available in white, gray, and black color options. CoinPayments is a Bitcoin payment gateway service and if you are looking for something for your business, then you can start with Coinpayments.
It is important to have good wallets for different cryptocurrencies. If you rely on exchanges, you are just probably waiting to be hacked. However, I understand that finding the best multi-cryptocurrency wallet for many currencies is not possible.
Therefore, you should try their official crypto wallets to keep your funds safe. I hope this detailed article on the different types of multi-currency wallets — including mobile, hardware, and desktop wallets — will help you in making the right choice for yourself.
XDEFI is the best cross-chain wallet in the crypto world that supports cross-chain swap. Do let me know which multi-currency wallet you use for your cryptocurrencies in the comments section below. Harsh Agrawal is the Crypto exchanges contributor for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology. I prefer more cold wallets as mentioned in this article.
Hardware wallets look handy, but they are not as safe as paper wallets. Like other options considered so far, Atomic Wallet is fully non-custodial and lets you store the seed phrase for coins that you hold on the app or desktop software. Backed by Binance, Trust Wallet is another popular multi-currency wallet worth checking out.
The app is only available on Android and iOS, but offers powerful features alongside its non-custodial function. Trust Wallet launched in , and as such offered a significant improvement in earlier mobile solutions, especially supporting as many blockchains and coins as possible. You can literally store any crypto token on Trust Wallet. Enjin is another mobile-first wallet with multi-currency functionalities. Although the app does not support as many coins as others, it can hold all kinds of Ethereum-based tokens as well as Bitcoin, Polkadot, Binance Coin, Litecoin, Dogecoin, and Kusama.
Exodus is another excellent product for cryptocurrency holders. Exodus is available for free on mobile and desktop and offers a secure one-click integration with hardware wallets like Trezor. Freewallet is a custodial app launched in This means that unlike other options where you get to receive and backup your private key or seed phrase, FreeWallet stores your keys.
This is the same as when you use crypto exchange platforms, thus allowing you to recover your funds even if you forget your password. Launched in , Guarda is a full-grade multi-currency wallet application with support for different devices.
Aside from mobile and desktop versions, users can also use Guarda on the web or install it as a browser extension. Some Guarda wallet users report unfair rates when using the incorporated exchange service. Incorporated Exchange: No. Instead, Coinbase Wallet is a non-custodial app that lets you hold the keys to the coins you store on it. The app is designed by Coinbase developers though, and is available on Android and iOS.
Edge Wallet was first launched as AirBitz in , allowing secure storage of Bitcoin only. However, in , the team rebranded to Edge Wallet and introduced a multi-currency functionality. Although Edge is non-custodial and does not store the keys to your assets, users only need a username and password to operate the account.
Having outlined the best devices and apps in the market right now, choosing one from the pack should be slightly easier, especially if you know your objectives as an investor. For instance, hardware devices such as Ledger, Trezor and KeepKey are excellent for long-term storage of assets that you plan to hold. These devices keep your private keys completely offline and allow you to transact securely only when the need arises.
Atomic Wallet, Exodus, Coinomi and Guarda are ideal for desktop and mobile devices, providing an internet-connected interface for sending and receiving crypto before moving it on to cold or offline storage. However, mobile wallets such as Trust Wallet, Coinbase Wallet and Enjin are ideal for interacting with decentralised applications. Lastly, new users afraid of storing or losing their keys can use Edge or FreeWallet, as both solutions allow for easy recovery even in the event of private key loss.
While most mobile versions are listed on either the Apple or Google Play Store, we highly recommend using the links available on official websites. That way, you can avoid phishing apps that often pose as legitimate applications. Aside from getting a multi-currency wallet with strong security features, here are some personal measures you can take to further secure your assets:.
The Trezor One is a secure device that includes multi-factor authentication and supports well over 1, digital coins. The more expensive Model T supports more. If you've never used cryptocurrency before, we recommend Coinbase Wallet. Coinbase is a well-known, US-based crypto exchange that's easy to use. Key words: Digital wallet; Cryptocurrency wallet; Cryptocurrencies; Security Multi-currency wallets can be a good investment for users who want to trade.