If you want to find the best Cardano wallets, we have comprehensively reviewed options for you.
These wallets enable you to stake ADA or trade Cardano tokens and Cardano NFTs and connect to Cardano decentralized applications like DEXs and NFT marketplaces.
Let’s get started.
The Best Cardano Wallets Ranked
- Best Wallet — The best non-custodial wallet for Android users
- Coinbase — Best Cardano wallet for US residents
- Exodus — Best Cardano wallet for desktop users
- Ellipal — Best cold wallet for staking ADA
- Ledger — Most secure Cardano wallet
- Trezor — The best budget-friendly cold wallet for Cardano
- Binance — Best Cardano wallet for daily traders
- Bybit — Best wallet for professional traders
- Kraken — Best wallet to trade Cardano futures
- SecuX — Best beginner-friendly wallet for Cardano
Best Wallet for ADA — 10 Options Reviewed
It can be difficult to filter the best Cardano app from subpar platforms. However, we’ve researched and reviewed 8 of the best Cardano wallets on the market.
1. Best Wallet — Non-Custodial Wallet Offering Access to a DEX and Staking Features
Pros Cons
One of the top crypto wallets to hold right now is Best Wallet, a new non-custodial cross-chain wallet. Separating itself from the other wallets, Best Wallet will offer staking opportunities with $BEST — its native token — and trading discounts.
Best Wallet is an all-in-one Web3 ecosystem that allows users to store all their crypto wallets and assets under the same roof. The wallet gives users access to the BSC, Ethereum, and Polygon main nets and will soon be compatible with the Bitcoin network.
Upcoming features on Best Wallet include trading and market insights. Best Wallet’s portfolio management system lets users track profits, losses, and real-time trading strategies while offering insights on new presale launches and token analytics.
The Best ecosystem also introduces the Best decentralized exchange (DEX), which connects users to the top liquidity pools. To get discounts on trades, users can hold $BEST, the native token.
$BEST tokens will also give token holders exclusive access to feeless swaps and advanced market analysis tools. According to the Best Wallet roadmap layout, the platform will also introduce a staking mechanism.
Token holders can earn passive income and enjoy zero gas fees on trades using this feature. Additionally, the Best Wallet and DEX community members will soon be rewarded with $BEST tokens through an airdrop campaign.
Best Wallet is also introducing NFT galleries, which will allow users to collect and trade NFTs on the platform. To ensure the safety of the user’s funds, Best Wallet employs advanced cryptographic techniques such as two-factor authentication and biometrics.
The Best Wallet platform is available on the App Store and Google Play, and will soon be compatible with desktop devices.
Join the Best Wallet Telegram channel and Discord to stay updated with this new wallet.
Wallet Type | Pricing System | Fee to Buy ADA | Top 3 Features |
Non-custodial | Differs per the liquidity pool | Differs per the liquidity pool |
NFT wallet Offers a decentralized exchange Market and trading insights |
2. Coinbase — Best Cardano Wallet for US Residents
Pros Cons
Coinbase is the top crypto wallet for Cardano users in the US. This centralized exchange operates in over 100 countries, including the US, which is uncommon for crypto exchanges. Additionally, Coinbase provides both custodial and non-custodial wallets. Investors can also buy and sell ADA through its mobile app.
The Coinbase wallet enables users to stake ADA and earn rewards every five days. Users can also earn rewards while unstacking their coins. The minimum balance needed to stake Cardano is 1 ADA. At the time of writing, investors can earn up to 1.88% APY for staking ADA.
This wallet is suitable for both beginners and professional traders. The former will benefit from creating a standard Coinbase account, while the latter can create an account on Coinbase Advanced.
Coinbase Wallet’s browser extension is compatible with Ledger, which adds an extra dose of protection.
Wallet Type Custodial and non-custodial wallets Standard and Advanced account Coinbase Wallet’s browser extension is compatible with Ledger
Pros Cons Exodus offers the top Cardano desktop wallet that works with Trezor. This allows users to transfer their assets from their Exodus wallet to a Trezor wallet. This feature is especially helpful for traders handling large transactions. Additionally, it’s a user-friendly wallet made for those who have never used the swapping option before. This self-custody wallet supports 100,000+ crypto assets and 50+ networks. Its users can stake Cardano on the ADA and BSC networks for up to 2.79% APY. There are no staking fees. However, investors will have to pay a network transaction fee of 0.2 ADA and a deposit fee of 2 ADA. Those who decide to unstake their coins will get the 2 ADA deposit back. In addition to the desktop app, Exodus offers a mobile app compatible with iOS and Android devices and a browser extension. Wallet Type Swap ADA for 100,000+ digital assets directly from your wallet via DEXs and CEXs User-friendly interface ADA stakers will earn rewards every 5 days
Pros Cons If you’re looking for cold crypto wallets that support Cardano, opt for Ellipal. This non-custodial wallet has made Forbes’ top 3 best cold wallets list not once but twice, and for good reason. Namely, this air-gapped hardware wallet uses a CC EAL 5+ secure element chip. It also utilizes anti-disassembly and anti-tamper technology, which makes it one of the most secure crypto wallets. Ellipal supports 41 blockchains and over 10,000 cryptocurrencies. It also comes in two versions – Titan 2.0 and Titan Mini. Both wallets enable users to store, buy, stake, and swap ADA. As for staking rewards, their estimated APY is 5%. However, the staking option also comes with a minimum deposit requirement of 4 ADA. Both wallets come with companion mobile apps that are compatible with Android and iOS devices. The Ellipal app can be used as both a hot and a cold wallet. Wallet Type Supports 41 blockchains and over 10,000 cryptocurrencies Users can store, buy, stake, and swap ADA Staking rewards come with an APY of 5%
Pros Cons Ledger is the most well-known manufacturer of hardware wallets on the market. This cardano crypto wallet is the go-to wallet for security-focused investors. On that note, Ledger uses a secure element chip to protect its users’ private keys. This physical chip is integrated into the wallet, meaning only its owners will have access to funds. Ledger also uses BOLOS, a custom operating system that enables users to manage their private keys. At the same time, the Ledger Live software will enable traders to buy, sell, and swap 5,500+ tokens, access NFT marketplaces and dApps, and stake ADA for up to 3% APY. There are currently four different Ledger models available – Ledger Stax, Ledger Flex, Ledger Nano X, and Ledger Nano S Plus. All four wallets support Windows, MacOS, Linux, Android, and iOS. They can also connect to PCs and mobile devices via USB or Bluetooth. Wallet Type Coinify/Wyre The Ledger Live software enables buying/selling and swapping 5,500+ tokens Access to NFT marketplaces and dApps Secure touchscreens Pros Cons If you’re looking for budget-friendly crypto wallets that support ADA, Trezor should be on your go-to list. This cold wallet comes in three models – Trezor Safe 5, Trezor Safe 3, and Trezor Model One. All three models are relatively cheap compared to other hardware wallets. This non-custodial wallet implements cutting-edge cryptographic techniques and a password manager to simplify the use of long and unique passwords. This feature aims to remove the complexity associated with password management. I.e., investors will be able to customize their PIN using up to 50 digits. Trezor supports 1000+ tokens and has an open-source design, which means that its users can check the legitimacy of each process. Moreover, the Trezor Suite Lite app enables users to sync their addresses and portfolios, personalize their settings, and generate wallet addresses. The Trezor Suite Lite is available as a desktop and mobile app. Users will be able to stake and delegate ADA on all three models. The rewards are usually paid every five days. Wallet Type Customizable PIN of up to 50 digits The Trezor Suite Lite app Wallet backup option Pros Cons Binance is currently the largest crypto exchange in terms of daily trading volume. This makes its native Web 3 wallet one of the best wallets for daily trading. The Binance wallet is a self-custody hot wallet that supports 70 networks and over 100 dApps. Thanks to the Binance Bridge technology, users can swap their coins across multiple chains. The wallet is also powered by MPC, which means that its users won’t have to use a seed phrase. Instead, their wallet will be secured by three key-shares and a recovery password. The Binance wallet offers a secure way to buy, sell, and swap tokens, earn yields, and interact with dApps. It also offers flexible and locked staking options for ADA, with an APR that ranges between 0.4% and 125.8%. The Binance wallet is also available to most US residents. Wallet Type Flexible and locked staking options for ADA Supports 70 networks and over 100 dApps Powered by MPC Pros Cons Next on our best crypto wallet for ADA list, we have Bybit. Bybit is a Web 3 crypto wallet that enables its users to swap and bridge 10,000 tokens across 20 chains. This wallet also supports dApps, DeFi, GameFi, and NFTs, which makes it ideal for professional traders. Investors can use their wallet to buy ADA via credit/debit cards and P2P networks. In addition to that, they’ll be able to use stablecoins to purchase cardano. The staking option comes with flexible terms, while the estimated APR for ADA amounts to 1%. There are three types of Bybit Web 3 wallets – seed phrase wallet, keyless wallet, and cloud wallet. The first two are non-custodial wallets, while the third is a custodial wallet. All three wallets can be integrated with the Bybit account. The cloud wallet is suitable for beginners, the seed phrase wallet is ideal for advanced traders, while the keyless wallet is suitable for both pro and novice traders. Wallet Type Three types of wallets One-Click Buy option P2P trading comes with zero fees Pros Cons Kraken is a notable crypto exchange that recently won the 2024 ECCAs award. This exchange is also known for its self-custodial multi-chain wallet, which supports 2000+ tokens. Moreover, users can use it to track their portfolios, interact with multiple chains, and get access to popular dApps. Although this is a hot wallet, 95% of users’ funds will be kept in cold wallets. The Kraken wallet has a built-in exchange, which means that its users will be able to trade their tokens at the best prices. Many investors consider Kraken the best wallet for cardano futures. Thanks to its multi-collateral nature, this wallet allows investors to manage their positions using nine collateral options. This wallet is also suitable for stakers. Traders can stake their ADA tokens to earn an APY that ranges between 3% and 6%. The Kraken wallet is available as a desktop and mobile app. Wallet Type Competitive fees Stake ADA for an APY that ranges between 3% and 6% Offers Cardano futures Pros Cons SecuX is another cold wallet on our list that supports 5,000+ coins and NFTs. This non-custodial wallet is available in two series: NeoGold and Neo-X. Both versions come with an LCD touchscreen; however, the former is made of plastic, while the latter is made of aluminum metal. Thanks to Its simple and intuitive design, many investors consider SecuX to be the best beginner-friendly wallet for Cardano. With that in mind, traders will be able to use their wallets to stake ADA and cast a vote (sending 1 ADA equals getting one vote). The SecuX wallet is also available as a desktop and mobile app. Regarding security, SecuX wallets are equipped with a CC EAL5+ secure element chip and have a durable design. Besides NEO, SecuX offers other cold wallet variants, such as its biometric card wallet, vault-grade hardware wallet, NTF wallet, and hardware-encrypted USB flash drive. However, ADA holders will benefit the most from using NeoGold and Neo-X wallets. Wallet Type Military-grade security Supports 5,000+ coins LCD touchscreen To make it easier to see how each wallet compares to one another, we’ve included this easy-to-reference table Platform Offers a decentralized exchange NFT compatible Standard and Advanced account Coinbase Wallet’s browser extension is compatible with Ledger User-friendly interface ADA stakers will earn rewards every 5 days Users can store, buy, stake, and swap ADA Staking rewards come with an APY of 5% The Ledger Live software enables buying/selling and swapping 5,500+ tokens Access to NFT marketplaces and dApps Secure touchscreens Customizable PIN of up to 50 digits The Trezor Suite Lite app Wallet backup option Flexible and locked staking options for ADA Supports 70 networks and over 100 dApps Powered by MPC Three types of wallets One-Click Buy option P2P trading comes with zero fees Competitive fees Stake ADA for an APY that ranges between 3% and 6% Offers Cardano futures Military-grade security Supports 5,000+ coins LCD touchscreen Although we’ve provided a list of Cardano wallets, it can still be difficult to choose the one that best suits your needs. So, to make the selection process a bit simpler, we’ve included a few of the most important things to consider before committing to a wallet. The primary purpose of every crypto wallet is to keep funds secure. Therefore, the best Cardano wallet must have excellent security. As we’ve mentioned, selecting a non-custodial or hardware wallet offers the best protection. But even the more convenient exchange wallets can be secure if the platform is regulated and offers 2-factor authentication. As we mentioned, some Cardano apps are designed exclusively for ADA. However, there are platforms that support a larger range of coins, making it easier to manage a diverse portfolio. Depending on an investor’s strategy, it can be worth checking how many coins a platform supports ahead of time. There aren’t many fees associated with the best ADA wallets. A network fee is charged whenever a transaction is sent. However, some wallets tack on their own fees for transactions, which can quickly add up. If a wallet charges extremely high transaction fees, it’s probably worth keeping aware of, as it’s a sign that the platform values money over its users. In the modern world, few people sit behind a desk all day to trade or invest. Instead, much of the world’s investing happens on mobile. Therefore, the best Cardano wallets must have a powerful and simple-to-use mobile app. Convenience is a very important part of every Cardano wallet, after all nobody wants to jump through hoops to access their funds. It’s worth ensuring a wallet has an easy onboarding process and no key features hidden behind menus. Unfortunately, convenience does tend to come at the cost of security. Therefore, investors should carefully consider what they value more before choosing a platform from our Cardano wallets list. There are many popular Cardano wallets, each with a unique set of pros and cons. Firstly, it’s important to understand the difference between a custodial and a non-custodial wallet. A non-custodial (sometimes called self-custody) wallet means only the investor owns and controls the keys linked to a wallet. This provides a greater amount of security and privacy. However, these kinds of wallets are less recommended for beginners as, ultimately, the investor is the main point of failure. If the keys are lost, the funds within the wallet could be, too. On the other hand, a custodial wallet means that the wallet provider controls the keys on behalf of the investor. While this is typically viewed as less secure, it can be a good idea for beginners as it’s one less thing to worry about. With that said, if a platform becomes unavailable for whatever reason and the investor does not have access to the private key, it can be difficult to recover the funds it contains. So, where is the best place to store Cardano? The most common Cardano wallet apps are software wallets. Any Cardano wallet download, browser-based wallets, and exchange wallets can be considered software wallets. While all three are similar, there are a few important differences. For security-conscious investors, there’s no beating a hardware Cardano wallet. Hardware wallets offer the greatest level of security by a sizable margin. However, as they require a physical device, hardware wallets cost money (typically between $50 and $300). Most hardware Cardano wallets will come with a downloadable app that can be used to view investments without needing to plug in the physical hardware wallet. While this does go a long way in terms of convenience, to transfer or buy/sell funds, the hardware wallet will need to be present, making it difficult to perform transactions without a little bit of prior planning. A paper Cardano wallet is, as the name would imply, a wallet printed on a piece of paper. Of course, you can’t print out an actual wallet, but you can print the keys linked to a wallet. Paper Cardano wallets will contain public and private keys, so they must be stored in the correct conditions (dry, out of direct sunlight, etc). While paper wallets aren’t quite as popular following the rise of hardware wallets, they still have a place in the industry and are far more secure than storing the keys linked to a wallet on an internet-accessible device. Our team examines many factors when assessing any crypto wallet we present to our readers. Here are the most important ones:
Selecting the best Cardano wallet is a crucial part of the investment process. Throughout this guide, we’ve reviewed some of the most popular Cardano wallets and provided a guide so investors can select the one best for their needs. However, before choosing one of the best Cardano wallets for you, you must consider factors such as security, supported devices, blockchain support, features, and interface.
Pricing System
Fee to Buy ADA
Top 3 Features
Custodial/Non-custodial
taker fees between 0.05% and 0.60%, maker fees between 0.00% and 0.40%
Depending on the payment option and the size of the order
3. Exodus — Best Cardano Wallet for Desktop Users
Pricing System
Fee to Buy ADA
Top 3 Features
Self-custodial
Transaction fees based on the used network
Depending on the network
4. Ellipal — Best Cold Wallet For Staking ADA
Pricing System
Fee to Buy ADA
Top 3 Features
Non-custodial
Various, based on the exchange
Depending on the network
5. Ledger — Most Secure Cardano Wallet
Pricing System
Fee to Buy ADA
Top 3 Features
Non-custodial
Dictated by
Depending on the exchange and payment method
6. Trezor — The Best Budget-Friendly Cold Wallet for Cardano
Pricing System
Fee to Buy ADA
Top 3 Features
Non-custodial
Various, based on the exchange
1-5%
7. Binance — Best Cardano Wallet for Daily Traders
Pricing System
Fee to Buy ADA
Top 3 Features
Self-custodial
Deducts a 25% to 35% service fee from earned staking rewards
Depending on the network and payment option
8. Bybit — Best Wallet for Professional Traders
Pricing System
Fee to Buy ADA
Top 3 Features
Custodial/non-custodial
The trading fee rate will depend on the VIP level
Depending on the payment option
9. Kraken — Best Wallet to Trade Cardano Futures
Pricing System
Fee to Buy ADA
Top 3 Features
Self-custodial
The fee ranges from 0% to 0.40%, depending on the order
$10
10. SecuX — Best Beginner-Friendly Wallet for Cardano
Pricing System
Fee to Buy ADA
Top 3 Features
Non-custodial
Various, based on the exchange
Depending on the exchange and payment method
The Top Cardano Wallets Compared
Wallet Type
Pricing System
Fee to Buy ADA
Top 3 Features
Non-custodial
Differs per the liquidity pool
N/A
Has a native token that rewards its holders with trading discounts
Custodial/Non-custodial
taker fees between 0.05% and 0.60%, maker fees between 0.00% and 0.40%
Depending on the payment option and the size of the order
Custodial and non-custodial wallets
Self-custodial
Transaction fees based on the used network
Depending on the network
Swap ADA for 100,000+ digital assets directly from your wallet via DEXs and CEXs
Non-custodial
Various, based on the exchange
Depending on the network
Supports 41 blockchains and over 10,000 cryptocurrencies
Ledger
Non-custodial
The price of wallets ranges between $91 and $456, depending on the model
Depending on the exchange and payment method
Trezor
Non-custodial
Various, based on the exchange
1-5%
Binance
Self-custodial
Deducts a 25% to 35% service fee from earned staking rewards
Depending on the network and payment option
Bybit
Custodial/non-custodial
The trading fee rate will depend on the VIP level
Depending on the payment option
Kraken
Self-custodial
The fee ranges from 0% to 0.40%, depending on the order
$10
SecuX
Non-custodial
Various, based on the exchange
Depending on the exchange and payment method
How to Choose the Best Cardano Wallet for You
Security
Supported Coins
Fees
Mobile Experience
Convenience
Types of Cardano Wallets
Software Wallets
Hardware Wallets
Paper Wallets
Our Methodology for Ranking and Reviewing Crypto Wallets
Conclusion
FAQs
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