15+ Best Crypto Wallets for Secure Transactions in 2024

The key to a successful crypto investment often lies in selecting the best crypto wallets. A wallet is crucial not only for keeping your tokens safe but for the convenience of smooth transactions as well.

In this guide, we’ll delve into the ultimate list of crypto wallets available on the market, looking into their:

Let’s dive in.

Best Crypto Wallets Reviewed

1. Best Wallet — Overall Best Crypto Wallet with Unique Features, a Native Token, and Reduced Trading Fees

Best Wallet offers more than just a crypto wallet. It’s a decentralized platform with plenty of unique additional features. It is a decentralized, non-custodial software wallet with built-in decentralized exchange and multi-chain functionality that enables trading for thousands of tokens. It’s engineered to manage various cryptos, tokens, and other forms of digital assets, eliminating the need for several wallets. This makes it an essential wallet for both novice investors and seasoned traders.

Moreover, the wallet utilizes sophisticated encryption methodologies for managing private keys, incorporating both 2FA and biometric systems for heightened security. This design aims to uphold top-tier security without compromising on user convenience.

Major features include unique insights into trending tokens and airdrops, early access to hot new crypto presales and NFT drops, and reduced trading fees. It uses AI technology in the form of a ChatBot designed to offer accurate and instant information on a range of crypto-related topics. Those features are all activated by holding its native token, $BEST, which has not yet launched but will be airdropped to active wallet users soon.

Best Wallet is now available to download as a mobile app on iOS or Android. It supports storing and trading live, but some advanced features will launch in the first half of next year.

2. Exodus — Hot Wallet Integrated With Trezor That Supports 300 Tokens and 50 Networks

Next on our top crypto wallets list is Exodus, a non-custodial wallet known for its high security standards. This hot wallet is integrated with Trezor, which means it stores private keys offline. Moreover, it uses 2FA, biometric authentication, and PIN protection. This is also the best cryptocurrency wallet for novice traders. It supports 300+ coins/tokens and 50+ networks. Moreover, it comes with a built-in swap option and a marketplace for Solana.

Exodus has a native app that’s compatible with desktop and mobile devices. Plus, it comes as a downloadable Chrome-based browser. The app enables its users to swap their tokens directly from the app via DEX and CEX third-party API providers.  Traders can purchase their coins directly through their wallet using MoonPay, Ramp, and Sardine. They can also add a custom token and receive NFTs.

Finally, Exodus enables its users to earn staking rewards that come with lucrative APYs. Stakeholders can also turn on the auto restacking option to save on staking fees. The auto restocking option is available on both mobile and desktop apps.

3. Margex Wallet — Multicollateral Wallet That Enables Traders to Use Their Balances as Collateral

If you’re looking for a centralized exchange with the best altcoin wallet, opt for Margex. Margex is a crypto exchange that supports 200+ cryptocurrencies and 40+ trading pairs. This CEX is also known for its user-friendly interface and high-security standards, such as the DDOS protection system and the MP Shield system. This platform is suitable for all types of investors. It supports copy trading, futures, and staking, and it has fixed maker and taker fees. Its only downside is the lack of spot trading.

However, what makes Margex stand out are its multicollateral wallets. These types of wallets enable their users to use their deposited altcoins as collateral. In addition to that, they’ll be able to trade crypto pairs without the need to own their underlying assets. Margex will also hold all of its users’ assets in a multi-signature cold wallet.

4. Zengo — Wallet With an Excellent Security Track Record and Support for 120 Cryptocurrencies

The Zengo mobile wallet has been around since 2018. In that time, they’ve serviced over 1 million customers and have not had a single reported hack. The wallet is protected by multi-party computation (MPC) cryptography and undergoes an annual audit using different auditors each year.

Users of the Zengo wallet can buy, sell, and trade over 120 cryptocurrencies, along with NFTs from multiple blockchains. Supported networks include Bitcoin, Ethereum, Binance Smart Chain, Chainlink, and Polygon, and the wallet also supports many of the most popular ERC20 tokens.

A dApp marketplace allows users to browse and connect to dApps—with the industry standard of WalletConnect used to facilitate seamless dApp connections and interactions for users.

Zengo offers its customers 24/7 customer support. With reviews from over 600 customers, Zengo has an impressive rating of 4.2 stars on Trustpilot.

Those looking for extra security for their cryptocurrency holdings should consider the Pro version of Zengo, which costs $69.99 per year. This comes with numerous security benefits:

• Web3 Firewall: Receive alerts about Web3 hacks and protection Web3 attacks
• Theft Protection: Protect large transactions (above a user-defined limit) with multi-factor authentication
• Legacy Transfer: Have your assets automatically transferred to another, predetermined address after a set period of inactivity
• Priority Support: Responses are guaranteed within 1 hour and usually delivered within 5 minutes

5. BloFin Wallet — Top-Rated Hot Wallet That Incorporates Third-Party Custody Solutions and AI-Powered Algorithms

BloFin is a crypto exchange that supports spot, futures, and copy trading. Investors can also use this platform to stake USDT, BTC, and ETH for an APY that goes up to 4%. BloFin also found a place on our list of the best no-KYC exchanges due to its low trading fees for spots and futures.

This exchange stands out from the competition with its advanced security tools, third-party custody solutions, and AI-powered algorithms. It also provides a trusted crypto wallet that supports over 320 trading pairs. Moreover, BloFin will store your funds in cold storage. This platform is also partnered with Fireblocks to further secure its users’ investments from potential hacks.

On top of that, new users can earn a bonus of up to $5000 for their first deposits and trades. On the downside, BloFin’s wallet doesn’t support NFT trading.

6. Ledger Stax — The Most Advanced Ledger Wallet That Comes With the First-Ever Curved E Ink® Touchscreen

If you’re looking for the most popular crypto wallets, you won’t go wrong with Ledger. Ledger is a well-known wallet provider known for its cutting-edge hardware wallets: Ledger Stax, Ledger Flex, Ledger Nano X, and Ledger Nano S Plus. Ledger Stax is its most advanced wallet model. It comes with the first-ever curved E Ink® touchscreen. It can also last up to 10 hours on a single charge, and, unlike other models, it incorporates a wireless Qi charging station.

What makes this wallet stand out is its customizable display. On that note, you can display your NFTs on its screen to add a personal touch. The images will appear on the screen even when the wallet is turned off. Ledger Stax uses the ST33K1M5 secure element chip, and it has CC EAL6+ Certification, which makes it one of the safest hardware wallets. Its only drawback is its high price.

7. Cypherock X1— Hardware Wallet That Splits the Private Keys Into Five Parts to Make Them 10x More Resistant to Theft

Cypherock has created the safest cryptocurrency wallet. It splits its users’ private keys into five parts using Shamir Secret Sharing (4 X1 cards and vault), making the funds 10x more resistant to theft. All five parts will be stored on tamper-proof hardware that can be additionally protected with a PIN code.

This cold wallet doesn’t rely on a single seed phrase, which eliminates a single point of failure. However, if you want, you’ll still be able to access your seed phrase and back it up. You can also use it to create up to 4 independent wallets that you can manage through Cypherock’s desktop app called cySync. This app will also be released for Android and iOS devices.

Cypherock X1 is the first decentralized hardware wallet with an OLED display and a 3-factor authentication. It supports 1000+ assets, and its cards are encrypted with EAL 6+ secure elements. The Cypherock X1 wallet is audited by Keylabs, one of the most notable crypto security firms.

Use the promo code “coldwallet” to get 17% off your purchase

8. Ellipal — CC EAL 5 Certified Wallet That Supports 10,000 Coins and 40 Blockchains

Ellipal Titan is the best multi-cryptocurrency wallet, supporting over 10,000 crypto coins and tokens and 40 blockchains. It is also an air-gapped hardware wallet, which means that it is disconnected from the internet. It uses QR codes to conduct transactions, which makes it much safer than an online crypto wallet.

Moreover, Ellipal is suitable for beginners. It has an intuitive interface and a quick-touch response. It also takes only 5 minutes to set up. Its security protection system includes self-destruct and secret secondary wallet options. Ellipal Titan is also CC EAL 5+ certified.

Technical specifications: Ellipal is compatible with Android and iOS devices and dApps. It can support up to 10 accounts and has unlimited storage. Ellipal Titan is the best wallet for crypto traders on the go because it uses a 1400 mAh battery that can last up to 140 hours.

9. Trezor — Secure Bitcoin Hardware Wallet

Trezor offers a hardware wallet – meaning that you will be storing your crypto assets on a physical device. For those unaware, hardware wallets are by far the more secure way of storing digital tokens. For a start, hardware wallets like Trezor are kept offline at all times.

As such, this makes remote hacking attempts almost, if not entirely, impossible. Moreover, in order for the Trezor wallet to be accessed for the purpose of sending tokens, you need to physically enter the PIN that you created when you first set up the device. After a certain number of incorrect attempts, the timelock feature will kick in. This means that the waiting time between each subsequent PIN attempt will double.

As such, if your Trezor wallet is stolen, you will have enough time to recover your funds from an external device. You can do this by entering your Trezor backup passphrase into another wallet. In addition to that, Trezor uses the Cryptotag Zeus titanium seed plate that provides unbreakable backup protection. This 6mm thick titanium plate enables recording 12-, 18-, and 24-word BIP39 recovery words.

Although Trezor offers institutional-grade security for your crypto investments, this option won’t be suitable if you plan to send and receive funds regularly. You need to have the physical device with you to authorize the transaction. Finally, Trezor costs around $85.

10. Ledger Nano X — Widely Popular Hardware Wallet With Bluetooth Support

The Ledger Nano X is a top-rated wallet perfect for managing cryptocurrency. It has a high coin capacity and Bluetooth connectivity, making it ideal for crypto management.

A hardware wallet is a small device that securely stores your cryptocurrency’s private key. The key is never exposed outside the device, ensuring that it remains offline and safe. This also means that your wallet is ‘cold-stored,’ making it highly secure.

When sending money, the transaction is signed on the device itself and not on any external device to which it might be connected. This protects the private keys from malware and hacking attempts, giving the wallet an edge over other software wallets in terms of security.

Finally, the wallet uses a secure element, which adds an extra layer of protection, making it almost impossible to hack. The Ledger Nano X is an excellent choice for storing Terra Luna and other cryptocurrencies.

11. Binance — Best Bitcoin App for Trading

Binance is a major player in the cryptocurrency and blockchain technology arena. Not only does it offer the best altcoin exchange in terms of trading volume, but it is also behind a multi-billion dollar crypto-asset – BNB. Moreover, Binance even has its own network chain that hosts thousands of decentralized tokens. As such, Binance is arguably the best crypto wallet for those seeking both storage and trading services.

Many investors will use the main Binance web wallet for storing their tokens, as this offers great convenience. You can connect the web wallet to the Binance app, which allows you to keep track of your investments on the move. Both of these options are custodial wallets, which means that Binance will safeguard your private keys on your behalf. The other option is to download the Trust Wallet to your mobile phone – which is also backed by Binance.

As a non-custodial wallet, this option gives you full control over your private keys and backup passphrase. Do note that this means in the event your wallet is compromised or you misplace your private keys, Binance won’t be able to help you regain access. Nevertheless, Trust Wallet also gives you access to decentralized apps such as Pancakeswap. This allows you to access up-and-coming tokens that operate on top of the Binance Smart Chain.

12. Bybit Wallet — Custodial Crypto Wallet With an Integrated dApp Aggregator That Supports 100 Cryptocurrencies

Next on our crypto wallets list, we have Bybit, the best custodial crypto wallet for dApps. Namely, the Bybit wallet has an integrated dApp aggregator that enables access to DeFi, GameFi, and NFTs networks. It’s also easy to use. The only thing you have to do is to connect it to your Bybit account.

Bybit Wallet supports 100+ cryptocurrencies that can be purchased via credit or debit cards. All crypto deposits come with zero fees. Its other notable features include cross-chain compatibility, airdrop and private key management, and decentralized identity management.

Bybit Wallet is powered by MPC technology, which means that private keys are divided between multiple parties, reducing the risk of a security breach.

This is also a user-centric wallet that supports anonymity. Users won’t have to share their personal information to conduct trades; they’ll only have to specify their wallet address. Bybit Wallet is suitable for professional traders who prefer spot and margin trading.

13. Ngrave — EAL7-Certified Crypto Wallet That Supports up to 100 Accounts

Ngrave ZERO is the safest crypto wallet in the blockchain industry due to its rigorous security system. This fully air-gapped wallet uses a biometric sensor to create perfect keys in combination with an 8-digit PIN code.

In addition to that, its users will be able to add a passphrase to create an unlimited number of hidden wallets. Ngrave ZERO is also the only crypto wallet that is EAL7-certified.

This cold wallet supports over 3,700 cryptocurrencies and up to 100 accounts, as well as NFTs and ESDT tokens.

Ngrave ZERO can be synchronized with its native mobile app – Ngrave Liquid – which allows you to check your portfolio in real-time, without the need to turn on your wallet. The app is compatible with both iOS and Android devices.

As for its design, the Ngrave ZERO is made of a customized alloy of zinc, copper, aluminum, and magnesium. It has a 4-inch touchscreen, a built-in camera, and a fingerprint scanner.

14. Blockstream Jade — An Open-Source Hardware Wallet Created Exclusively for Storing Bitcoins and Liquid Assets

What is the best crypto wallet suitable for both beginners and professional traders? That would be Blockstream Jade. This fully open-source hardware wallet enables its users to store Bitcoin’s private keys and layer-2 assets. It has an intuitive display that enables seamless navigation and an in-built camera that enables air-gapped transactions.

Blockstream Jade uses a unique security model — the blind oracle — that keeps private keys heavily encrypted. It also features multi-sig and single-sig shields, a duress PIN, TOTP authentication, and SeedQR support.

Jade’s native app, Blockstream Green, is compatible with iOS and Android devices and popular software wallets like Sparrow, Specter, and Electrum. Due to its small size — 60 mm x 24 mm x 17 mm — Blockstream Jade is a good option for traders on the go. This device weighs only 21 grams and can be worn around the neck. It also comes with three connectivity options: USB, Bluetooth, and QR.

15. Coldcard — Bitcoin-Only Wallet With Unlimited Storage That Uses Two Secure Element Chips

Coldcard is a Bitcoin-only cold wallet known for its robust security system. On that note, it uses two secure element chips to minimize security breaches, an air-gap and micro-SD support, and duress and brick me pins. Dures pin allows users to open a secondary wallet, while the brick me pin will make the wallet unusable.

Coldcard was created for professional BTC traders. As such, it supports full-node integration and partially signed Bitcoin transactions. This option can be very useful for traders who want to share transactions on the Bitcoin network without revealing their private keys. Coldcard has unlimited memory storage. Plus, it can generate 12—or 24-word BIP-39 seeds.

Although this device is designed for standalone use, it can also be linked to popular Bitcoin desktop wallets, like Wasabi Wallet and Electrum. The only downside to this wallet is the lack of an integrated battery and native app.

16. SecuX — A Hardware Wallet That Supports 300 Blockchains and 10,000 Cryptocurrencies

SecuX V20 is a hardware crypto wallet that supports 300 blockchains, 10,000+ coins and tokens, NFTs, and up to 500 accounts. This wallet is compatible with Windows, Linux, Mac OS, Android, and iOS devices. I.e., it can be synchronized with all devices that have a USB Type-C or Bluetooth5 connection.

The V20 model supports multiple signatures and passphrases, and it can be integrated with MetaMask, which will enable its users to access ETH-based dApps.

For security, the SecuX V20 wallet uses the CC EAL5+ secure element chip to store its users’ private keys offline. It also has a self-destruct mechanism that activates if someone opens it.

The SecuX V20 wallet features an elegant diamond-shaped design, a 2.8-inch display, and a 600mAh lithium-polymer battery. This makes it suitable for both static and portable use. Its other features include tamper-resistant packaging, 2-factor authentication, and compatibility with BIP32, BIP39, BIP44, and BIP49 standards.

17. SafePal — Air-Gapped Hardware Wallet With a Built-in Dex and Binance Spot Trading

SafePal S1 is an air-gapped hardware wallet funded by Binance. It supports 100+ blockchains and tokens. This highly secure device uses multiple security sensors, from high- and low-voltage detection modules to pulse sensors, self-destroy mechanisms, RAM protection, and BUS encryption.

SafePal S1 also has the best crypto wallet app. The app allows users to manage their coins, connect to dApps, conduct cross-chain trades, and earn staking rewards. It can also manage multiple wallets. The app is compatible with iOS and Android devices and the Binance Smart Chain.

The S1 model has two important built-in features: DEX and Binance spot trading. This means that you can conduct trades within the wallet using either the Binance DEX or the Binance spot trading platform.

This device’s design resembles a credit card. It weighs only 5 ounces, has a storage capacity of 1 GB, and has a built-in lithium battery that can last for 20 days after being fully charged.

18. Coinbase — One of the Best Crypto Wallets for Beginners

Coinbase is behind one of the largest crypto exchanges in the market, with the provider now hosting over 100 million client accounts. The platform primarily targets its services to those with little to no experience in buying, selling, or storing digital tokens. Many users will elect to keep their crypto investments in the main Coinbase web wallet, which comes packed with security features.

For instance, when you attempt to log into your Coinbase account, not only do you need to provide a password, but you’ll also need to go through two-factor authentication. This means that a code will be sent to your mobile device on each login attempt. Moreover, Coinbase claims to keep 98% of all client digital assets in cold storage. This means that the vast bulk of digital currencies held by the platform are kept offline.

Other security features offered by the Coinbase wallet include IP whitelisting. In simple terms, this means that should you try to log into your account from a new IP address, you will need to go through an additional security check. Although the Coinbase wallet is both secure and user-friendly, we should note that the platform isn’t ideal for those looking to buy and sell crypto. This is because standard trading commissions amount to 1.49%. And, if using a debit/credit card, this fee is increased to 3.99%.

19. Kraken — Popular Crypto Platform That Has Never Been Hacked

Launched in 2013, Kraken is a popular cryptocurrency exchange and arguably the best crypto wallet for Europe that allows users to easily buy, sell, and trade more than 220 cryptocurrency assets. This platform is renowned as one of the safest in the crypto space, having never faced a major security breach.

Kraken has also won the CSO50 Award, which is given to projects that display excellence in security measures. The platform stores 95% of its funds in cold storage/offline, preventing any major online hacking. On the Kraken wallet, users can access charting tools and patterns before making new trades.

Through the Kraken Pro account, one can also access up to 5x leverage trading, along with futures and margin trading options. The minimum deposit is just $1 on Kraken. When buying or selling cryptos instantly, Kraken charges a 1.5% fee per transaction. The fee is 0.9% for stablecoins.

However, the standard trading fee on the Pro account is lower. Kraken levies a 0.26% fee on accounts with a 30-day trading volume under $50,000, which drops as the trading volume increases. Kraken users can also access 24/7 customer service on the platform.

What Is a Crypto Wallet?

A cryptocurrency wallet is a software or hardware that stores users’ private keys. Private keys are unique passwords that give users access to their stored assets. Crypto wallets also use public keys, which can be compared to bank account numbers. Public keys can be shared with third parties, like crypto exchanges, while private keys are private.

Crypto wallets are also used for sending and receiving tokens. Some wallets can also interact with dApps. If traders lose their private keys, they won’t be able to access their stored assets. That’s why it is important to keep these keys in a safe place.

How Do Crypto Wallets Work?

The best online crypto wallet stores both its users’ private and public keys. It also enables users to manage their assets and create blockchain accounts. Crypto wallets enable receiving and sending cryptocurrencies by storing private keys on the blockchain.

Most crypto wallets allow users to create and manage multiple accounts and provide a secret recovery phrase to enable account recovery.

That said, each crypto wallet will have a unique address. This address will be represented as a hashed version of the public key, containing a series of words and numbers. To send crypto to another user, traders will have to send their wallet address to the receiver and vice versa. Each cryptocurrency has a specific length and format. For example, a BTC address will look like this: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. Wallet addresses can also be displayed as QR codes.

Types of Crypto Wallets

As you can see from our list of cryptocurrency wallets, there are two types of crypto wallets: custodial and non-custodial. The former generates private keys via third parties, meaning that traders won’t have access to their private keys. This task will fall to third parties, such as exchanges. This makes custodial wallets more suitable for beginners. 

On the other hand, non-custodial wallets allow traders to have control over their private keys. They are also considered to be more secure.

Custodial wallets are generally slower. Why? Since every transaction will have to be approved by the exchange. This is not the case with non-custodial wallets because users will approve each transaction themselves. Crypto wallets can also divided into hot and cold wallets.

Hot Wallets

Hot wallets are also known as software wallets, as they need to be installed on a desktop or mobile device. They are also connected to the internet. This means that they’ll store the private keys of their users online. The key features of hot wallets include:

Hot wallets are most suitable for active traders. However, they are not the most secure crypto wallets. Why? Because they are connected to the Internet, hot wallets are more susceptible to cyberattacks, making them unsuitable for large holdings.

Cold Wallets

Cold wallets or hardware wallets are physical devices that store the private keys of their users offline. This makes them more secure. These types of wallets are ideal for long-term investors as they have a large storage capacity. The key features of cold wallets include:

The biggest disadvantage of cold wallets is their high price and complicated setup process. Moreover, if users lose their private key, they won’t be able to access their assets.

Why Do You Need a Crypto Wallet?

Now that you know which crypto wallet is the best for active traders and long-term investors, here’s why you need to get one.

As mentioned before, crypto wallets store private keys and send and receive cryptocurrencies. This means that traders won’t be able to deposit, withdraw, or trade their coins without a crypto wallet. Crypto wallets also enable investors to manage, organize, and diversify their portfolios. Namely, crypto wallets allow traders to have more accounts and store multiple cryptocurrencies.

Crypto wallets can also be desktop or mobile apps, which makes them suitable for traders on the go.

Are Crypto Wallets Worth It?

Most software wallets are free, which makes them worth your time. Is this also the case with cold wallets? No. Some hardware wallets can be pricey, ranging from $50 to $250.

However, owning a cold wallet is beneficial for several reasons. First, cold wallets allow you to store a large number of cryptocurrencies. Second, you’ll have complete control over your private keys and funds. Finally, since cold wallets are not connected to the Internet, they are less prone to hacks.

Are Any Crypto Wallets Safe?

Crypto wallets are considered safe. However, even the best and safest crypto wallet can fall victim to cyberattacks. The most common cyberattacks include phishing scams, double spending, and fake wallets. To prevent cyberattacks, you should use strong passwords, enable 2FA, and perform regular updates. You can also use multi-signature wallets, which use multiple keys to authorize transactions.

That said, a crypto wallet can also go out of business due to operational and regulatory challenges. If this happens, its users will lose their funds. However, this can only happen to hot wallets. The best cold wallets prevent this by providing a 24-word backup passphrase. This means that traders will be able to access their funds by entering their backup passphrase into any crypto wallet.

How to Choose a Crypto Wallet

If you want to find the top cryptocurrency wallets, make sure to consider the following:

How to Get a Crypto Wallet

You can set up a hot and cold crypto wallet in the following way:

Hot Wallets

1. Choose the wallet you wish to use: We recommend using the Best Wallet. Go to its official website and download its app.
2. Create an account: Enter your personal information, email, and password.
3. Add crypto to your wallet: Enter your wallet address to transfer your funds from another wallet or from crypto exchanges.

Cold Wallets

1. Buy the device: Choose a reputable manufacturer, like Ledger and Trezor.
2. Connect your device: Plug your hardware wallet into your desktop and install its software. You can use a USB cable, Bluetooth, or a QR code, depending on the manufacturer.
3. Write down your recovery phase and pin: Make sure to store your recovery phase in a safe location.
4. Add crypto to your wallet: Use your wallet address to transfer the funds to your wallet.

Conclusion

We’ve explored various options for the best crypto wallets, examining their importance in providing security and ease of use. A good wallet is fundamental to any crypto investor, ensuring the safety of your assets and the efficiency of your transactions.

In summary, our research findings concluded that Best Wallet is the overall best crypto wallet for 2024. Not only does it have enhanced security, but it supports 10,000+ coins and 40 blockchains.

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