Since 2011, Blockchain.com has generated nearly 50 million wallets, making it one of the most popular storage solutions in crypto. Indeed, the Blockchain.com wallet is trusted by both individual and institutional clients in over 140 countries. Available for Android and iOS, it allows instant crypto-to-crypto transfers by QR code and supports leading cryptocurrencies like BTC, ETH, and BCH, altcoins like XLM, and stablecoins like PAX. For security, the wallet offers PIN and biometric authentication options. It is available in more than 25 languages.
Electrum was created in November 2011. Since then, a variety of developers have contributed to its source code. Today, Electrum is among the most popular Bitcoin software wallets. It relies on decentralized, redundant servers to ensure that wallets are never down, it supports third-party plugins, and private keys are easily exported for use in other Bitcoin clients. For security, all transactions are verified by SPV, and wallets are recoverable with a seed phrase. Electrum is available for Windows, Linux, Android, and OSX.
Exodus is a software wallet for desktop and mobile supporting over 100 cryptocurrencies. There is no registration, and private keys are encrypted on-device. Exodus Desktop is available for Windows, macOS, and Linux. It features portfolio tracking tools, a built-in exchange, and a wallet that lets users send and receive crypto by QR code. The mobile app, available for Android and iOS, can be synced with Desktop and offers login by fingerprint or face ID. Users who prefer to manage assets from a hardware wallet can link their Exodus to a Trezor One or Model T.
Jaxx Liberty is a cross-platform wallet that allows users to store and manage more than 90 cryptocurrencies. Instant transactions are enabled through its integration with apps like ShapeShift and Changelly. It also includes a portfolio tracker, block explorers, and a blockchain news portal. The wallet allows users to follow the top 100 assets, compare price changes, see market caps, follow trends, and much more. Jaxx Liberty is available for mobile, desktop, and as a Chrome extension. It is a product of Decentral, a Canadian software company that specializes in decentralized technologies.
Xapo is an all-in-one wallet and alternative banking platform enabling instant transfers of Bitcoin and more than 150 fiat currencies. Transfers to other Xapo users are free of charge and there are no account minimums. Traditional currencies can be sent to bank accounts in more than 30 different countries. For security, Xapo relies on proprietary encryption technology. It also offers multi-factor authentication, private key segmentation, custom permissions, and a global network of cold storage vaults. Over the years, the Xapo project has managed to raise over $40 million from leading investors like Benchmark, Greylock Partners, Index Ventures, Fortress Investment Group, and more.
Bitcoin Core is the open-source software that enables the Bitcoin network. Considered to be Bitcoin's reference implementation, it was originally published by Satoshi Nakamoto as "Bitcoin" but renamed "Bitcoin Core" to distinguish it from the network. Bitcoin Core consists of both “full-node” software for fully validating the blockchain as well as a bitcoin wallet. The project's contributors maintain the software wallet and update it periodically, which allows users to safely send and receive Bitcoin. The wallet features graphical and command line modes and is compatible with Windows, macOS, and Linux.
Mycelium is a mobile-only Bitcoin wallet. Similar to hardware wallets, it offers complete anonymity as it is a Hierarchical Deterministic solution. Mycelium has integrations with the leading hardware wallet solutions and several transaction processing service providers. Mycelium started as a team of hardware engineers in 2008 with a mesh networking project. The team behind the project has also developed several other successful products, including Swish (an online and instore merchant ordering and payment system), Gear (Bitcoin payment processor), Card (a payment network based on a smart card & a hub system), and Entropy (a small USB cold storage device).
In 2014, Edge launched as the "AirBitz" Bitcoin wallet. By late 2017, the AirBitz had evolved into the complete data security solution and multi-currency wallet we know today. The Edge wallet accepts over 30 cryptocurrencies including Bitcoin, Ethereum, and a number of altcoins. It is available for both - iOS and Android devices, allowing investors to exchange digital assets from anywhere. Edge also has built-in functionality for in-app crypto buying and selling and exchange for fiat money. To protect user information, Edge employs client-side encryption and zero-knowledge security architecture. It also supports 2FA.
Coinomi is a cryptocurrency wallet for mobile and desktop providing native support for more than 125 blockchains. Indeed, Coinomi is the oldest multi-chain wallet available. It supports Bitcoin, Ether, and nearly 1,800 other cryptoassets, which can be traded instantly via the app's built-in exchanges. Coinomi also offers an integrated DApp browser, cold staking, and a Simplex-powered credit card for crypto purchases. Private keys are stored on-device. To ensure anonymity, there is no KYC required to access funds, and Coinomi servers hide user IP addresses.
Launched in 2015, MyCrypto is a web-based cryptocurrency wallet and open-source, client-side tool for generating wallets, managing ERC20 tokens and interacting with the Ethereum blockchain. MyCrypto can be used in-browser or downloaded as a desktop app. It is compatible with Windows, Linux, and macOS. It can also be used on iOS and Android devices (with Parity Signer) and with popular hardware wallets like Ledger and Trezor.
SpectroCoin is a mobile wallet that lets users trade cryptocurrencies from anywhere. It is available for iOS and Android devices and supports several coins, including Bitcoin, Ethereum, NEM, and Dash. It uses advanced authentication methods and stores 99% of user funds in protected offline storage. It integrates with outside applications via the SpectroCoin Wallet API.
Atomic Wallet is a non-custodial, decentralized solution that lets users buy, store, and exchange more than 500 cryptoassets. It also offers zero-fee staking for Tezos, ATOM, and other coins. To ensure smooth transactions, trades are processed by exchange partners ChangeNow and Changelly. For security, private keys are encrypted and stored on user devices, and there is no verification required for basic functionality. Atomic Wallet is available for desktop (Windows, macOS, Linux) and mobile (Android, iOS).
Available for Android and iOS, BRD Is an open-source, beginner-friendly app for purchasing, trading, and storing cryptocurrency. Users can buy Bitcoin with a credit card, checking account, or in-person at a Bitcoin ATM. Users can also buy ETH, XRP, and DAI. These assets can then be traded free-of-charge for other supported cryptocurrencies and ERC20 tokens. For security, private keys are stored on-device. For support, BRD offers an in-app knowledge base and round-the-clock customer service via email.
Armory is an open-source, cold storage Bitcoin wallet available for Windows, macOS, and Linux. It keeps private keys offline, where they are safe from hack or theft, but provides an interface through which users can manage offline wallets, receive Bitcoin, and verify transactions. Users can also spend Bitcoin by following a few simple steps. Armory is compatible with Glacier, an open-source protocol for securely storing Bitcoin. It offers paper backups and supports multi-signature transactions.
GreenAddress is a Bitcoin wallet designed with privacy and security in mind. To ensure anonymity, there is no KYC. For security, GreenAddress allows spending limits and generates a new address for each incoming transaction. To validate transactions, two signatures are required – one from the user and one from GreenAddress, which only signs if two-factor authentication is provided. The wallet also offers a watch-only mode, enabling users to check balances and receive funds over public WiFi. GreenAddress is available for mobile and desktop. It supports Liquid and hardware wallets like Ledger and Trezor.
Freewallet offers dedicated, single-coin wallets for more than 100 cryptocurrencies and a multi-currency app with a web interface. Available for Android and iOS, the app offers a built-in exchange and instant, zero-cost transactions within the Freewallet ecosystem. It also supports credit card purchases. For security, Freewallet keeps coins in cold storage and enables 2FA, pin-code, and fingerprint authentication. To minimize the risk of theft, Freewallet fixes daily and weekly transaction limits.
Guarda is a software wallet supporting over 45 blockchains and more than 10,000 tokens. A custody-free solution, Guarda allows users to easily send, receive, buy, and stake coins in a single, multi-platform wallet. It is available for desktop (Windows, Linux, and macOS) and mobile (Android and iOS). Guarda also offers a Chrome extension, token generators, and a web-based exchange. The project team is comprised of specialists in the IT, fintech, security, marketing, design, and UI/UX fields.
Billed as "a bitcoin wallet for the streets", Samourai Wallet is a Bitcoin-only solution dedicated to financial self-sovereignty. It is fully non-custodial – users retain control of their private keys – and there are no identity checks. It also supports offline sending. The team behind the project has developed complementary products like Dojo, a self-hosted full node server that syncs with the Samourai Wallet, and Whirlpool, a Bitcoin mixing tool that boosts privacy by breaking the deterministic links between transactions. Samourai Wallet is available for Android.
Infinito Wallet is a mobile-only cryptocurrency wallet and a DApp browser. It allows users to send, receive, and exchange more than 2000 cryptocurrencies and tokens. The app grants users with the sole control of their private keys. Infinito Wallet also offers additional features such as crypto lending services and a payment gateway. By running a thorough background check on each wallet's address, the Infinito Wallet app provides users with detailed risk reports to make sure they are interacting only with credible parties and avoid scammers. The app is available for both Android and iOS devices. It has integrated support for over 8 languages and is free and easy to use.
BTC.com's wallet is a mobile wallet solution for Bitcoin and Bitcoin Cash. It grants you full control over your private keys and allows you to send, receive, and store cryptocurrencies in a safe and convenient way. You can use BTC.com's wallet to pay friends directly, without having to scan QR codes or input long addresses. BTC.com's wallet is available for iOS and Android devices. BTC.com is a project by Bitmain, a Chinese technology company. Bitmain was founded in 2013 and has research and development centers in Hong Kong, Singapore, and the United States. Bitmain offers products, including chips, servers, and cloud solutions, for blockchain and artificial intelligence (AI) applications. Currently, Antminer, one of its products is among the most popular supercomputing hardware mining solutions.
Available for mobile and desktop, Coin Wallet supports leading cryptocurrencies and all ERC20 and ERC223 tokens. It provides a unified wallet address for transacting crypto and participating in ICOs and airdrops. Instant exchanges are facilitated through its integration with ShapeShift. To ensure privacy, Coin Wallet never reuses addresses, always parses previous transactions, and supports Tor and VPNs. For security, private keys are created and stored on-device. Users can also set a four-digit PIN.
Coinapult is a software wallet that can be used on a mobile device but without a specifically dedicated app. It allows users to conduct various operations with Bitcoin, including sending to an address, sending via email, storage, and merchant services. Aside from the wallet service, Coinapult has been developing Bitcoin-related tech infrastructure and systems since 2011. In 2015, Coinapult integrated with the licensed financial institution, Crypto Capital, in order to bring seamless, bitcoin-friendly banking to our users and business partners, predominantly within emerging markets.
Citowise is a mobile wallet, available for Android and iOS devices. It provides free and secure cryptocurrency wallet and payment solutions for businesses and individuals. The mobile wallet is designed to be used in everyday life, providing convenient QR Code, NFC, and URL payment options. Cryptowise offers its users a variety of features, including participation in ICOs, ad-hoc payment requests, transaction notifications, hardware wallet support, quick and simple money conversion, buying crypto with a debit card or a SEPA transfer, and many more.
DropBit is a non-custodial mobile Bitcoin wallet, available for Android and iOS. DropBit tries to make Bitcoin transactions as easy as sending a text or a tweet. The team behind the project describes it as "Venmo for Bitcoin" and claim it to be the cheapest and fastest way to send and receive BTC. DropBit allows users to make Bitcoin transactions via Twitter or a phone number. Aside from the traditional wallet, DropBit allows users to create a separate Lightning custodial wallet that is ideal for smaller off-chain transactions, executed instantly and without any transaction fees.
The Crypterium wallet allows users to buy, store, transfer, and spend cryptocurrencies. It is available as an Android and an iOS app, and also has a desktop version. The Crypterium wallet supports BTC, BCH, ETH, XRP, LTC, USDC, and others. The wallet doesn't charge any fees and doesn't have transaction limits. The Crypterium wallet is used by over 400 000 people worldwide. Its buy/cash-out feature is used in more than 150 countries. Crypterium's crypto exchange functionality is available in over 180 countries. The solution also offers a referral program with unlimited rewards, as well as an unlimited cashback feature. The wallet is easy-to-use and is suitable even for industry newcomers.
Dharma Smart Wallet is a non-custodial software wallet that grants you control of all your transactions and funds. The wallet works in any browser and on any device. When you create your Dharma Account, a cryptographic key is stored on your device and not the cloud. If you ever lose access to your device, Dharma can reset the key for you – but only after a 7-day security period. All withdrawals from the wallet are validated by Dharma for added security against hackers. The Dharma Smart Wallet is considered also the first Ethereum wallet that allows you to earn interest on all USD Coin and Dai balances.
Rather than just a wallet, BitGo is a whole security-focused cryptocurrency environment that provides custodial services, clearing and settlement, staking, and others. According to BitGo's data, the platform processes over $15 billion in transactions every month. The BitGo wallet provides multi-signature security, multi-user policy controls, and the most advanced security configurations that conform to the most rigorous industry standards. It supports over 200 coins and tokens, including BTC, ETH, XRP, BCH, XLM, LTC, BTG, ERC-20 tokens, and much more. BitGo's software wallet solution is used by asset managers, liquidity providers, payment processors, lenders, and other businesses needing to manage digital assets in a secure environment — all accessed through our web interface or API.
MetaMask is a cryptocurrency wallet and bridge to the decentralized web. Users can store and manage cryptoassets like Ether, ERC20 tokens and ERC721 collectibles while accessing Ethereum DApps from their web browsers – without running a full Ethereum node. MetaMask is available as a browser extension for Chrome, Firefox, Opera, and Brave. For security, MetaMask generates private keys and passwords on user devices. It also supports hardware wallets such as Ledger and Trezor.
MyEtherWallet, a.k.a. MEW, is the original wallet of the Ethereum community. It's an open-source platform for iOS and Android that lets users buy crypto with a bank card, manage ETH and ERC-20 tokens, and interact with smart contracts. It supports hardware wallets like Ledger and Trezor, and it partners with Kyber, Changelly, and others to facilitate cryptoasset swaps at competitive price points. MEW's companion app, MEWconnect, lets users encrypt and store their private keys on-device. MEWconnect is also available for iOS and Android.
The non-custodial Coinbase Wallet is a popular mobile wallet and DApp browser available for Android and iOS. Users can transfer funds between the wallet and Coinbase.com, shop at stores that accept cryptocurrency, and send cryptoassets to anyone using just their Coinbase Wallet username. The wallet supports major cryptocurrencies, all ERC20 tokens, and ERC721 collectibles. Private keys are stored on user devices, and recovery phrases can be kept in an encrypted Google Drive or iCloud backup.
The official cryptocurrency wallet of Binance, Trust Wallet is a secure, multi-coin solution available for Android and iOS. It supports leading cryptocurrencies and any token following the ERC20, ERC721, or BEP2 standards. Trust Wallet stores private keys locally and keeps user data anonymous to ensure privacy and security. It offers a built-in decentralized exchange (DEX) that facilitates instant trading over Binance DEX and Kyber Network. The wallet also features a Web3 browser that lets users interact with decentralized applications or DApps.
The Eidoo wallet is a non-custodial solution available for mobile and desktop. It facilitates decentralized finance (DeFi) transactions via DeFi Exchange, an interface through which users can browse DeFi projects, compare interest rates, secure crypto loans, and buy and sell tokens. Eidoo also features Hybrid Exchange, which combines elements of centralized and decentralized exchanges to enable fast and secure cryptoasset trading. In addition, Eidoo offers crypto cashback on purchases made with a linked Eidoo Visa debit card.
ZenGo claims to be the first-ever non-custodial keyless cryptocurrency wallet. In fact, it was the ZenGo team that introduced the concept of "keyless" wallets, according to which, no private key is held by either side because such is never created. The keyless security and cryptography approach that the ZenGo team uses is based on threshold signatures that replace the traditional private key with two independently created “mathematical secret shares.” The first share is stored on the user's mobile device, while the other is stored on the ZenGo server. The ZenGo's team claims that the wallet's technology doesn't have any single point of failure and that they have also hired independent third-party auditors to validate the security of the cryptography in their system.
Bitpie is a multi-blockchain mobile wallet available for iOS and Android. It supports a range of cryptocurrencies including Bitcoin, Ethereum, all ERC20 tokens, and stablecoins like Tether. It offers a built-in exchange, OTC trading, and a DApp browser. For security, private keys are stored on-device. Users can also set a PIN. For added security, assets can be transferred to BITHD, a wearable hardware wallet that communicates with the Bitpie app via Bluetooth.
Argent is a mobile software wallet available for iOS and Android devices. The team behind the project describes it as "the world’s most simple crypto wallet". The solution doesn't require the user to store his private key. What it does instead is to use a concept called Guardian which allows you to add people, devices, or third-party apps as a backup for your wallet. Argent is a useful tool for crypto enthusiasts with no prior technical background. The wallet allows you to store ETH and other DeFi assets, as well as to invest, earn interest, send or exchange two currencies. Argent is designed to work more like a digital assets bank rather than a simple wallet.
AlphaWallet is a multi-purpose DeFi wallet solution that allows its users to store tokens, earn interest, vote on a DAO, pay with stablecoins, play games, and more. AlphaWallet is available for iOS and Android devices. The solution is considered the world’s first mobile Ethereum wallet utilizing Secure Enclave. AlphaWallet is suitable even for beginners as it is easy-to-use and doesn't require any tech background. The wallet supports all ERC-20 compliant tokens. The team behind the project provides TokenScript, an open framework that enables developers to make their tokens “smart”. The AlphaWallet app serves as a browser for users to access these SmartTokens.
Gnosis Safe is a widely popular DeFi wallet that ensures a secure way to manage funds and interact with dApps. The Gnosis Safe core smart contracts have passed Formal Verification, the highest possible security standard in the industry, which makes the solution the only formally verified Ethereum wallet. Gnosis Safe is periodically audited by different third-party consultants to ensure complete security. The wallet allows for full customization of the ways users manage their digital assets, with a multi-sig option included. The fact that Gnosis Safe works as a non-custodial solution means that users are the only ones in charge of their digital assets. All information, such as owner names, is only stored locally.
HB Wallet is an Ethereum Wallet that has been launched in July 2017. The application has been designed as a full and complete ecosystem to support users on the Ethereum Blockchain. The wallet supports Ethereum and all ERC-20 compliant tokens. It allows users to swap their Ethers to other tokens or Stablecoins and vice versa instantly, in a few simple steps. HB Wallet provides also a convenient way for users to buy BTC, ETH, XRP, and TRX with credit or debit cards. The wallet has a built-in browser that allows users to browse dApps in a more secure way when compared to using an independent browser that contains third-party plugins. The wallet is available for mobile (iOS and Android) and desktop devices (Mac and Windows).
Button Wallet is a messenger-based software that works through Telegram to ensure a secure and easy way to hold digital assets or exchanges cryptocurrency or tokens. Button’s Telegram wallet supports BTC, ETH, LTC, BCH, ETC, Waves, Stellar Lumens (XLM) and ERC-20 tokens. US users may also purchase cryptocurrency with fiat money (US Dollars). A client-side application based on existing infrastructure, Button Wallet is built on Telegram messenger with principles of decentralization. Button focuses on optimizing usability and security for users looking to split the finances of shared experiences with friends.
Rainbow is an Ethereum wallet that lets users store and exchange Ethereum-based assets like cryptocurrencies and ERC721 collectibles. Token purchases, trades, and full transaction histories are enabled through the wallet's integration with decentralized exchanges such as Uniswap and Kyber. Cryptoassets can be transferred using just the recipient's ENS username. Seed phrases from MetaMask and other wallets are easily imported, and thanks to Rainbow's support for the WalletConnect protocol, users can securely connect to web-based Ethereum DApps. Rainbow is currently available for iOS.
DexWallet is a mobile wallet for decentralized finance, developed by Dexlab.io, a company focused on building solutions for open financial networks. DexWallet allows you to borrow, lend, and exchange DAI, xDAI, and over 500 ERC-20 tokens. It also has a native-in-wallet staking functionality. The wallet's interface allows its users to easily monitor their DeFi positions across different protocols, as well as to supply liquidity to Fulcrum and Compound. DexWallet also supports buying cryptocurrencies with a credit card. The solution is available only to iOS users.
JWallet is an institutional-grade highly-functional DeFi wallet. The solution is preconfigured to be compatible with the most popular ERC-20 tokens, straight out of the box, It also allows users to bring their own tokens by using the built-in import token feature. Jwallet also introduces new features to Ethereum, like a standard URI scheme and QR code generator. The wallet is designed in a way that ensures sensitive data never leaves the device. All user data, including imported or generated private keys, are stored locally and are never shared with anyone. JWallet is available for mobile and desktop devices. The solution allows users to monitor their transaction history and keep track of total value summaries.
WiniWallet is another DeFi solution available for iOS and Android devices. The team behind the project states that its product is the most advanced wallet for DAI stablecoins that grants direct access to a variety of DeFi investments. WiniWallet's functionalities aren't as powerful as those of other solutions on the market, though. The wallet allows its users to send and receive DAI, as well as to keep track of their transactions and add contacts. WiniWallet can be topped-up via a QR code. The solution is suitable for beginners with little-to-no experience with cryptocurrency wallets.
Poketto is an easy-to-use xDai mobile wallet built with simplicity in mind. The xDai Chain is an Ethereum compatible sidechain with Dai, acting as the native currency of the network. Poketto allows its users to make near-instant payments to other wallets with very low transfer fees. The wallet is available for iOS and Android devices. Once the wallet is installed, it generates the private key and stores it on the user's phone. Poketto users can easily assign addresses to contacts using their wallets, making it easier to control payments. Poketto is built as an open-source application and its code is available for anyone to check or contribute to on Github.
Bluewallet is a custodial-by-default solution that helps you take advantage of hosted Lightning wallets. Apart from that, it allows you to connect your own node and take complete control of your funds. That way, users have the flexibility to choose whether they can and prefer to operate and maintain a node or just use the shared wallets. The open-source solution was built to bring zero-configuration Lightning Network transactions to the masses. Thanks to that, its users can seamlessly use the Lightning Network for payments, without the need to open channels, be online, or provide liquidity. The solution also has a direct integration with Bitrefill, thanks to which, users can shop without leaving the app.
Zap is a non-custodial Bitcoin Lightning Network wallet designed and run by the crypto community. The wallet is developed by over 70 contributors and is currently translated into more than 20 languages, with an open-source community growing by the day. Zap's users can go from fiat to Lightning in seconds, swapping fiat for crypto without any custodians. The fact that Zap is non-custodial means that access to your funds is granted only to you. Everything is stored locally, on your device. Although you can send and receive crypto through Zap, it also allows you to create and control as many wallets as you'd like, including remote nodes, BTCPay server nodes, Nodl nodes, routing nodes, and more - all in one place.
Wallet of Satoshi markets itself as "the world's simplest Bitcoin Lightning wallet". The solution comes in the form of a mobile app for iOS and Android that lets you send and receive Lightning payments easily and instantaneously. Wallet of Satoshi functions as a zero-configuration custodial wallet with a focus on simplicity and intuitive user experience. As the team behind the project states, the wallet offers everything you need to start making transactions through the Lightning Network and nothing you don't. It supports all the essential functionalities, including payments through QR code scanning and confirmation, and easy top-up by transferring BTC from an exchange or buying directly through the wallet.
Phoenix is a self-contained Lightning node that runs on users' phones. It doesn't require the user to run an additional Lightning node in the cloud or at home, which makes it a complete solution for everyone interested in using the Lightning Network. Phoenix isn't a custodial wallet, which means the user retains full control of his funds. The solution is available for Android phones but an iOS app is also in the making. The wallet is renowned for its easy-to-navigate interface and plain, but sufficient features. The Bitcoin Lightning wallet's fees start as low as 1 sat + 0.01% of the amount sent and 0.1% of the amount received for swap-ins and on-the-fly channel creation operations.
When it comes to Lightning wallets, Breez is among the leading solutions. This widely-popular Lightning Network wallet allows you to spend your Bitcoin quickly and with no hassle. The wallet is non-custodial and, aside from being a trusted Lightning client, also works as a point-of-sale solution. Breez's core focus is the convenience of making simple payments between parties and merchant transactions through NFC, thus meeting the needs of individuals and businesses. Thanks to that, users can run Breez on their Android and iOS devices or take advantage of the Breez card to pay friends or merchants and send or receive Bitcoin payments in just a few seconds.
Muun is a non-custodial Bitcoin Lightning Network wallet available for iOS and Android devices. The solution allows users to make instant payments with zero channel configuration, as well as pay off-chain invoices, powered by submarine swaps. Muun also supports quick and convenient transfers from and to hardware wallets, as well as P2P payments. This means users can easily send money to the contacts in their phones with just a few taps, without having to scan any QR codes or input addresses. The wallet also supports 2FA and allows users to log in from a different device using their email and password, and recover their funds with a cold recovery code, in case the password is lost.
Joule works as an open-source browser extension that brings the Lightning Network to your device. It allows users to make quick and convenient in-browser payments. Joule is available for all the leading browsers, including Chrome, Firefox, Opera, and Brave. However, it is worth noting that Joule isn't a self-contained solution. It requires you to still run your own Lightning node but helps you access your funds and make transactions easily and with just a few clicks. The node can either be running locally on your machine or remotely, as long as the HTTP API port is exposed on the remote machine. Joule is completely free and open-source.
Zeus is a cross-platform mobile Lightning app available for both iOS and Android devices. The wallet supports Lightning Network and c-lightning node operators and is completely free. With Zeus, users can easily switch between bitcoin, satoshi units, and fiat with just a few taps. The wallet is considered one of the easiest ways to take your Lightning node on-the-go as it allows you to establish a connection over VPN or Tor. Tha way, you can easily make payments within the Lightning Network or on-chain, take advantage of instant settlement, manage your channels, and more. Zeus' source code is available for anyone to view as it is 100% open-source.
Built and maintained by Bitfury, Peach is a white-label Lightning wallet that can be used by any organization willing to integrate a fully-functional solution for direct implementation. Peach is available for iOS and Android devices and is entirely customizable. The wallet allows for easy integration of third-party solutions and services. Organizations, using the Peach wallet, can also receive additional enterprise benefits, including zero fees and no commission on crypto payment processing. Bitfury's wallet solution is trusted by all types of organizations, including fintech startups, banks, telecoms, consumer brands, and more.
Founded in 2014, Ledger produces some of crypto's most popular hardware wallets. These devices are known for being user-friendly, and they currently support over 1,250 cryptocurrencies. The company's original and most affordable solution, Nano S, can run between 3 and 6 applications at a time. The more expensive Nano X is a Bluetooth-enabled device that can support up to 100 apps. For security, Ledger integrates a certified secure chip to host private keys and uses a custom operating system known as BOLOS, which protects against attack and isolates apps from each other.
Launched in January 2014, Trezor is crypto's original hardware wallet. It runs on open-source hardware and software and currently supports over 1,000 cryptoassets. There are two Trezor models, the Trezor One and the Trezor Model T. The Trezor One is less expensive and one of the world's most popular hardware wallets. The Model T supports more cryptocurrencies than the Trezor One and offers additional security features. It also comes with an LCD touchscreen, a major UX improvement over the One's push-button controls.
ShapeShift's KeepKey hardware wallet supports more than 40 cryptocurrencies. To ensure transparency, the device features a large display, and each transaction must be manually approved by pressing a confirmation button. On approval, assets are exchanged through the wallet's integration with ShapeShift's crypto trading platform. For security, KeepKey offers PIN protection and lets users generate and manage their private keys offline. It also provides straightforward backup and recovery tools.
The Archos Safe-T mini is a hardware wallet assembled in Verquin, France. According to its creators, the hardware wallet is compatible with more than 75% of the existing cryptocurrencies including Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Dash, Ether, Ether Classic, ERC20 Tokens, Groestlcoin, Monacoin, le Fujicoin, Bitcore, and others. The team states that it is continuously working on adding support for new cryptocurrencies. The Safe-T mini connects to a computer or a mobile device using a micro USB cable. The hardware wallet is powered by an open-source system based on the proven software from TREZOR.
BitBox (now BitBox02) is a minimalist hardware wallet from Shift Crypto. For passwords and navigation, the device uses touch sensors that recognize gestures like tap, slide, and hold. It also includes a display for verifying transactions. It comes with a secure chip for recovery phrase protection and offers instant microSD backups, which can be managed through BitBoxApp, a dashboard app available for macOS, Windows, Linux, and Android. There are two versions of the wallet: Bitcoin-only and the Multi edition, which supports Bitcoin, Ethereum, Litecoin, and ERC20 tokens.
Coldcard is a Bitcoin-only hardware wallet, produced in Canada by CoinKite. It combines a secure element and an open-source system to provide the highest level of protection. It is considered the only hardware wallet with an option to never be connected to a computer, for full operation - from seed generation to transaction signing. The wallet has an integrated microSD card slot for backup and data storage. Coldcard has a bright, 128x64 pixel OLED screen which shows all the critical details of your transactions. It also has a full-sized numeric keypad makes entering PIN easy and quick. The wallet is easy-to-use and is suitable for everyone - from the industry newcomer to the experienced trader or long-term HODLer.
CoolWallet (now CoolWallet S) is a credit card-sized hardware wallet that connects with user devices via Bluetooth. It supports leading cryptocurrencies, ERC20 tokens, and stablecoins. For security, private keys are kept in a certified secure element, and transactions are protected with "2+1" factor authentication. To send crypto, users confirm their identity on their phones (via fingerprint or face ID) then press a button on the card. The CoolWallet app is available for iOS and Android. It offers a portfolio tracker and integration with both Binance DEX and Changelly.
Opendime is a read-only USB drive produced by CoinKite. It is considered a hardware wallet in the regard that it can hold cryptocurrencies. However, the device is best described as a "Bitcoin Bearer Instrument" or a “Bitcoin Stick”. Opendime doesn’t support the functionality to spend or receive BTC digitally. What it does is to allow you to spend Bitcoin like a dollar bill. Instead of making a digital transaction, you can pass the ownership of the device to the other party, just like when you pay with cash. Opendime is designed as a read-only USB flash drive that works with any computer, laptop, or phone. The QR images and text files inside contain the details needed for the transaction (address and other helpful information). Opendime is often used as an addition to ColdCard.
The SecuX hardware wallet series includes the models V20, W10, and W20. All products come with a large 2.8” color touchscreen, which makes them easy to operate and allows users to make physical confirmation of transactions and double-check for errors easily and quickly. The SecuX has a military-grade Secure Element (SE) to safeguard private keys and the device's PIN code. SecuX wallets support cryptocurrencies such as BTC, BCH, ETH, LTC, XRP, BNB, DGB, GRS, and ERC-20 tokens. Wallets can be connected to desktop devices via USB/Bluetooth and mobile phones via Bluetooth. SecuX Tech, the company behind the project, offers several other products, including a payment module, a payment cloud, and a payment terminal.
SafePal is the first hardware wallet backed by the Binance exchange. It features a secure crypto element and an EAL 5+ financial grade crypto chip, designed to protect the user's private keys. The wallet operates 100% offline which helps prevent risks from USB, Bluetooth, Wi-Fi, NFC, or other radio frequency attacks. SafePal employs multi-layer security schemes and has an embedded self-destruct and key-erasing mechanism. SafePal supports BTC, ETH, BNB, ERC20, BEP2, NEP5, TRC10, and TRC20 tokens.
The Cobo Vault Ultimate is a military-grade hardware wallet made from high-strength aluminum alloy. It is 100% air-gapped (upgrades are delivered via microSD card), keys are stored on a “bank-grade" encryption chip, and if the device falls into the wrong hands, it self-destructs. It comes with a 4-inch touchscreen and supports 12 cryptocurrencies plus a growing list of ETH, TRON, and EOS tokens. It also supports staking. Two less expensive models, the Cobo Vault Pro and Cobo Vault Essential offer some but not all of these features.
Secalot is a small USB-like HD hardware wallet that supports Bitcoin, Ethereum, ERC20 tokens, and XRP. It has an OpenPGP smart card and also employs security features like a U2F authenticator and a one-time password generator. Secalot runs on an open-source system and utilizes a secure microcontroller with a high-performance cryptographic co-processor. The wallet works on all major operating systems, including Windows, macOS, and Linux. The Bitcoin wallet supports P2PKH, P2SH, and segWit transactions and integrates with the popular Electrum wallet. It also has an integration with MyEtherWallet and the XRP Toolkit wallet.
The Ellipal Titan is an air-grapped, anti-tamper, and trustless hardware wallet. It supports Bitcoin, Ethereum, Litecoin, EOS, Tron, Digibyte, Verge, Dash Binance, Cardano, as well as ERC20, TRC10, TRC20, EOS, and BEP tokens. Its design combines a metal case and a big touch-screen, ensuring its durability and convenient usage. The wallet works in complete network isolation and can never be connected to any other devices or networks. It is built with no online components or ports which means it offers complete protection against remote and online attacks. The wallet has direct integration with the Binance DEX. The device is produced by ELLIPAL Limited, a blockchain technology company headquartered in Hong Kong.
D'CENT offers a variety of hardware wallet solutions, including a card wallet, and a biometric wallet. The D'CENT Biometric wallet is claimed to be the world’s first Bitcoin smart contract-ready crypto hardware wallet with support for the RSK and RRC-20 ecosystems. It works via a built-in fingerprint scanner that guarantees an enhanced access control and fast execution of signing transactions. The D'CENT Card wallet, on the other hand, allows users to simply touch it with an NFC-capable smartphone to manage crypto assets directly from the Wallet App. The devices are equipped with large OLED displays (128x128 pixels) that ensure the quick and convenient verification of accounts and transaction information.
Sugi is not your typical USB-connected hardware wallet. Rather, it's a combination payment card and mobile app. Transactions are signed by tapping the card against an NFC-enabled phone and entering a PIN. The app, available for iOS and Android, can check balances, review transactions, and create payments. Sugi supports major cryptocurrencies like Bitcoin and Ether and a growing list of ERC20 tokens. Private keys are kept in cold storage. Like most payment cards, the Sugi card is customizable. In the future, cardholders will be able to use Sugi for in-store purchases and ATM withdrawals.
The Walahala wallet is a credit card-sized device supporting major cryptocurrencies and all ERC20 tokens. For security, it offers login by two-factor authentication or questionnaire. It also supports multi-signature transactions. Through the dashboard app, which is available for mobile and desktop, users can check balances, transact by QR code, and exchange cryptoassets instantly via the connected Walahala Exchange. The exchange runs on "Plasma Core Technology" and facilitates trades by burning WALAHALA coins.
Unlike other hardware wallets, Bitfi does not store private keys. Rather, cryptoassets are sent by entering a "salt" and secret passphrase. The device then uses those inputs to generate private keys. In other words, Bitfi isn't storing data. It's just a calculator. It also remains in its original state. Anything typed into or calculated by the device is immediately overwritten. Bitfi (now Bitfi.2) is open-source, WiFi-enabled, and features a 3.95" touch screen. It supports major cryptocurrencies, several altcoins, and all ERC20 tokens.
XZEN is a fully-fledged cold wallet focused on the provision of intuitive user interface and enhanced functionalities. XZEN is compatible with all leading operating systems, including Windows, macOS, Android, and iOS. XZEN has an integrated colorful high-resolution LCD IPS display that makes it easy to operate the device. In terms of security, the XZEN wallet has a built-in fingerprint authentication which ensures that the user is the only one with access to the private keys. XZEN supports Bluetooth 4.2, wireless charging, and an NFC chip.
Keevo is a hardware wallet that has integrated support for all the leading cryptocurrencies. The device is equipped with dual-chip architecture supported by two triple-core secure processors. Keevo also has a large display and a rechargeable lithium-ion battery. It has an integrated multi-sig and multi-factor authentication, as well as air-grapped security. Keevo also has an embedded fingerprint sensor. The wallet uses the Keevo Carbon Key™ feature, which eradicates the need for keeping paper seed phrases. It also has built-in sophisticated threat detection and counter-measure protection systems, including an embedded fingerprint sensor. Keevo is developed by BitKey Technogies, Inc., a San Francisco-based company.
MIRkey is a FIDO Certified™ security key and Bitcoin hardware wallet. It is IDO Certified™ FIDO2 L1 authenticator with support for CTAP2, U2F (CTAP), 2FA TOTP and many other protocols. The MIRkey wallet works with any web service that uses FIDO2, Webauthn, U2F or 2FA TOTP codes. The Bitcoin hardware wallet supports (BIP32) with a plugin for Electrum. The wallet also works with OpenVPN and other VPN providers to provide increased VPN security. It supports OpenSSH to secure SSH keys. MIRkey can be used on Windows, Mac OS, and Linux. MIRkey is produced by ellipticSecure, an IT security company, specialized in designing and manufacturing Hardware Security Modules (HSM).
The reputation score is a score between 0 and 1000, assigned to products based on our algorithm. It looks at factors such as popularity on Reddit, Twitter mentions, Telegram links, crypto news media mentions, podcast references, and other signals. Unlike our market data methodology for Nomics (which are transparent), the reputation score methodology is opaque to prevent manipulation.
Frequently Asked Questions
What is a cryptocurrency wallet?
A cryptocurrency wallet is the medium of storage for your crypto assets. It can be client-side or cloud-based. Cryptocurrency wallets come in the form of software programs or hardware devices. They can reside on a computer, a USB flash drive, a mobile phone, a piece of paper, in your browser, running on a third-party server, etc. If the wallet is connected to the internet directly (mobile wallets, web wallets, desktop wallets), then it is considered “hot storage”. If the wallet is kept offline (hardware and paper wallets), then it is referred to as “cold storage”.
The first cryptocurrency wallet came to life alongside with Bitcoin in 2009. At the time it was capable of storing only a single cryptocurrency. Today, crypto wallets can store multiple digital currencies, including the newest altcoins and ERC-20 compliant tokens. They also have significantly improved functionalities and enhanced security measures.
Wallets for cryptocurrencies are what vaults are for money. Aside from securely storing the assets, though, wallets also allow users to make transactions, analyze transaction history, and inspect balances. In addition to cryptocurrencies, however, the wallet also stores the public and private encryption keys. By using these public and private keys, the wallet can exchange information with the blockchain and process transactions. To get a better understanding, let’s focus on the private keys. Private keys are a powerful tool that proves ownership over assets (sort of very complex randomly-generated alpha-numeric sequences that serve as passwords). We can say that private keys are at the heart of crypto wallets as they make transactions possible. Private keys are used to validate (digitally sign) crypto transfers, which are then recorded on the blockchain. Losing your private key basically means losing ownership over your funds. That is why you should protect your private key at all costs and never reveal it to others or post it online.
Public keys, on the other hand, work as the address of your wallet. Think of the public key as your bank account number. If you want to receive cryptocurrencies from someone, you should provide them with the public address, and vice-versа – you can’t transfer funds to someone without knowing their public key. When the wallet is created, initially, it is assigned a digital address (public key). The public key is derived from the private key through a hashing algorithm. However, the public address of the wallet can be changed with each transaction so that it maintains the anonymity of the wallet’s owner.
How safe a digital wallet is, usually depends on two things - its type and the way it is managed. The safest types of cryptocurrency wallets are the hardware wallets, followed by paper wallets. The least safe type is the software wallets, which are prone to security breaches, malware, and hacker attacks. When it comes to crypto wallets’ management, the biggest danger is losing your private key and underestimating the risks of hot storage wallets (i.e. using hot storage wallets for long-term HODL-ing or storing big amounts of cryptocurrencies).
Cryptocurrency wallets usually work in a similar way to the apps on your computer or smartphone. The difference is that they are cryptographically secured and hacker-proof (if used appropriately). Think of crypto wallets as an essential part if you want to possess cryptocurrencies. Although with traditional money, you can own cash without having a wallet, in this case, you can’t own bitcoins without having a place to store them. That is why, before buying cryptocurrencies, it is advisable to get familiar with the different types of wallets and choose the best one according to your needs.
How do crypto wallets work?
Today, there are millions of active crypto wallets. However, many investors still don’t understand entirely how cryptocurrency wallets work on practice.
Cryptocurrency wallets are software programs that store your public and private keys and interfere with various blockchains (depending on the number of coins they store) so that you can monitor the balance, send, and receive funds.
Once a crypto wallet is created (either user-generated or produced by a company), it is assigned an initial public address (an alphanumeric sequence that may look something like this: “1EBtngD3eGgFm2ssscRdkAZiT8y6zjmLqk”). It also has a private key that is an even longer sequence of letters and numbers that you must keep a secret and never reveal to anyone. The private key is capable of reproducing new public keys (addresses). The private keys are generated by a seed phrase, also known as a “backup phrase”. The phrase is used to recover ownership over your wallet if you end up losing it or if it gets stolen. The phrase is a list of a number of words (up to 24), randomly derived from a big database with so many possible combinations that hacking it is impossible.
You may often hear that hot wallets (wallets that are connected to the internet) like those integrated on exchange platforms, mobile wallets, etc., don’t grant you ownership of your crypto assets. Instead, the real owner of your cryptocurrencies is the service provider. That is because, aside from the crypto assets, wallets also store the public and private keys. And if you aren’t the only one knowing and controlling the private key of your wallet, then you aren’t the real owner of the cryptocurrencies stored there. As we mentioned already, cloud-based wallets are usually owned by the service provider. If his security gets compromised or if its website goes down, your private key may get exposed, thus allowing third-parties to access your crypto assets.
To understand how crypto wallets work in practice, we should focus on a concept that is a bit abstract. Unlike the wallet in your pocket, crypto wallets don’t actually store any crypto assets. What they do is to keep a record of transactions that are stored on the blockchain. The wallet is just a bridge (interface) that makes the interaction with the blockchain possible. It stores keys and addresses, rather than any coins. That is why, when you make transactions, instead of sending crypto assets, you are simply transferring the ownership of the funds to another wallet. When someone sends you cryptocurrency, what they do essentially is to sign off ownership of these coins directly to your wallet’s public address. To be able to access and spend those coins, the private key of your wallet must match the public address the currency is assigned to. If they match, the balance in your digital wallet will increase, while the one of the sender will decrease accordingly. In reality, there is no actual exchange of real coins.
Now about transactions’ mechanics. If you want to acquire cryptocurrencies, you should send your public address to the other party. Make sure to send him the right address. Always double-check for typos, so that you are sure that the transaction won’t be sent to someone else’s wallet. Alternatively, you can provide the sender with the public address of your wallet in the form of a QR code. On the other hand, if you are spending cryptocurrencies, all you have to know is the address of the receiver’s wallet or scan his QR code.
How to choose a crypto wallet?
If you are just getting into the world of cryptocurrencies or you want to switch from the wallet you are currently using, there are a few things to consider, before deciding how to store your funds. Here are five questions to answer for yourself, that will help you find out what is the most appropriate crypto wallet for your needs:
What will you use the wallet for?
If you are a firm believer in the bright future of cryptocurrencies and want to buy some digital assets and HODL, then you should choose a hardware wallet. If you have a basic understanding and tech skills, you can also go for a paper wallet.
If you prefer to be able to make quick transactions the same way you do with your debit/credit card and need a wallet to store small amounts of crypto, then a mobile wallet will do the job for you. That way, you will be able to purchase stuff from retailers that support cryptocurrency payments in a quick and convenient way.
If you are a day trader and you are getting in and out of positions continuously, without keeping a solid amount of crypto assets at any point in time, you can choose a software wallet or even the built-in wallets in exchanges’ platforms.
What is your level of understanding?
Security issues aside, mobile and desktop wallets are the easiest to navigate. Beginners can also choose a hardware wallet as they are also fairly simple to use and come with handy instructions.
Users with a better understanding of the cryptocurrency mechanics can opt for paper wallets as they require some basic tech skills.
What is your budget?
If you don’t plan on investing much or storing big amounts of cryptocurrencies and want to find an affordable solution, then you can go for a paper wallet or one of the free software wallet solutions (desktop or mobile).
However, if you have a budget of $80 - $100 and plan on allocating a significant part of your investment portfolio to cryptocurrencies, then the best thing to do is to buy a hardware wallet. Even if you consider investing $1 000, it is reasonable to set aside 10% to ensure the adequate protection of your investment.
Is anonymity a crucial criterion for your choice?
As you may or may not know, Bitcoin transactions are called pseudo-anonymous (partially anonymous) as they are recorded on a public ledger. However, the address remains visible and can be used by technically-advanced users to track down the parties taking part in the transaction.
If you want to remain completely anonymous, then hardware wallets are your best choice. The most popular solutions are so-called “Hierarchical Deterministic” wallets. HD wallets can generate public and private keys randomly from a single seed key (12-or-more-word master seed key) by using a pattern that makes it impossible for other users to guess your password combination. Some of the most popular hardware wallets like the Ledger Nano series and Trezor are designed to keep Bitcoin transactions hidden from the public blockchain by changing your address each time you make a transaction. Some software wallet solutions also offer such functionalities, though.
What cryptocurrencies are you interested in?
Choosing your wallet also depends on whether you are interested in storing only the leading coins, or you will add some altcoins to your portfolio. There are single- and multi-currency wallets. Some of the solutions also don’t have support for altcoins. Aside from that, you should know that not every wallet is ERC-20 compliant.
However, the good news is that the leading hardware wallet providers have added multi-currency support to their devices, while at the same time are ERC-20 compliant. That way, you won’t have to set-up a new wallet each time you decide to trade or store a new cryptocurrency.
Once you have found out what cryptocurrency wallet is the best choice for you, it is time to focus on some basic tips to help you choose the best solution.
Choosing a hardware wallet
If you chose to buy a hardware wallet, make sure to order it only from the manufacturer. Don’t ever buy from eBay or third-party providers, even if that means saving some funds. Bear in mind that the wallet is your long-term storage and the last thing you want is to buy a compromised device.
Another thing to do is to look for solutions that are proven over time. Go to Reddit and Bitcointalk to get familiar with users’ feedback about the devices. That way you will be able to make an informed decision and become familiar with the issues, typical for each hardware wallet on the market (if there are such). Also, it is advisable to avoid getting a device from a company with a relatively short history. Although they may be perfectly safe and credible, it is always better to go for a solution that is proven over time.
Choosing a software wallet
If you have decided that the software wallet is the best option for your needs, spend some time researching which are the best-working solutions on the market. As we have already said, with hot wallets, you don’t have such a high level of protection, which is why you should be even more careful when choosing which one to use. Take into consideration users’ feedback about the different software wallets in terms of security, history, UI, price (if not free), etc.
If you are using a desktop wallet, don’t forget to update it periodically. Keeping the system up-to-date will ensure that all loopholes in previous versions are timely fixed and your funds are better protected.
Choosing a paper wallet
Go for wallet generators with a clear reputation. Browse the forums to find out what the crypto community thinks of the different providers and if there are some important things to consider when generating your wallet. Also, always check whether you are visiting the accurate website address of the wallet generator and whether it employs a secure protocol (HTTPS). Don’t visit through third-party links and make sure you aren’t redirected without even noticing. Instead, type the site name in the search bar.
Lastly, don’t ever type your keys into a device that is connected to the internet. Paper wallets are safe because they operate offline. If you make the mistake to connect your wallet to the internet, then you are exposing your crypto assets at great risk.
Which is the safest type of crypto wallet?
When it comes to cryptocurrencies, the general consensus is that hardware wallets are the safest, followed by paper wallets (although some consider both types to be on par). Least safe are the hot wallets. However, the truth is that, although this ranking is accurate, it won’t tell the whole story until we add some context to it.
To fully determine the degree of security that each type of crypto wallet provides, we should take in mind what it will be used for.
Although hot wallets are considered the least safe type, they are perfectly fine for keeping small amounts for transactions. However, if the investor is a long-term HODL-er, then hot wallets are the worst possible choice. Storing all your cryptocurrencies in hot wallets is like going out with all your wealth in cash, stuffed in your pockets. You may be lucky to have a safe walk and get back home without getting robbed, but the risk is too high and absolutely unnecessary.
A part of the wallet’s security is also related to the way it is used. No matter how much money you have invested in buying the newest hardware device or whether you are using a paper wallet, if you don’t adhere to the basic security practices, then no wallet will be good enough to safeguard your funds.
In the end, it is worth saying that wallets, themselves, can ensure perfect security. However, if their owner isn’t careful in the way he uses them, then even the most secure storage medium can become vulnerable.
Which are the best online wallets?
If you are searching for the best all-in-one online wallet solution, that will allow you to make quick transactions, then the solution by Coinbase, one of the leading cryptocurrency exchanges worldwide, will do the job for you. The Coinbase Wallet allows you to connect a bank account and transfer fiat easily (fiat, stored on the platform, is insured up to $250 000). The wallet supports the leading cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and others (ERC-20 compliant tokens included). Although the platform is constantly working on improving the security features of the wallet (at the time of this writing, the platform claims to protect private keys with Secure Enclave and biometric authentication technology), you shouldn’t forget that your keys are stored online, which comes with the accompanying risks.
Binance, another leading crypto exchange, also offers a software wallet. It has partnered with TrustWallet to bring its clients a quick and convenient way to access their funds via apps on their phones. TrustWallet is a multi-currency wallet that protects its users by offering full anonymity and several security layers.
Another popular solution is Blockchain.com’s wallet. The service provider claims to be the world’s most popular and trusted crypto wallet solution with more than 44 million wallets, $200b transacted, and the lowest fees in the industry, at the time of this writing. Blockchain.com’s wallet is similar to Coinbase’s solution and also allows for quick and convenient transactions. It is available to users from more than 35 countries and supports the leading coins, including Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens, and others. The service is available in more than 25 languages and supports over 22 currencies.
Although the wallet providers mentioned above have mobile apps as well, we should also mention the mobile-only Bitcoin wallet MyCelium. The good thing about it is that it offers complete anonymity (similar to hardware wallets as it is a Hierarchical Deterministic solution), and promises to expand on its features and functionalities in the near future. It has integrations with the leading hardware wallet solutions and several transaction processing service providers.
MetaMask is a great example of a widely popular web wallet. It works as an add-in for various browsers like Chrome, Opera, Firefox, Brave, etc. MetaMask supports Ethereum and dApps and also allows you to run a full Ethereum node.
The truth is that there are several other solutions worth considering when looking for a useful online wallet. However, the most convenient way to find the best online wallet, tailored to your needs, is to use our algorithmic ranking system that creates a list with the leading solutions, based on several factors, including trustworthiness, popularity, credibility, and much more.
Which are the best hardware wallets?
Hardware wallets are considered the safest way to store your cryptocurrencies. However, choosing one for yourself may often be confusing. Although the price of the device can be a decisive factor, to help you find the best fit for your needs, we will take a look from a different perspective - popularity, functionalities, and usability.
If you are doing research, you will surely notice that a majority of the reviews discuss the topic “Ledger vs. Trezor”. That is because Ledger and Trezor are the leading and longest-lasting hardware wallet solution providers on the market. Today, the majority of the users have either a Ledger or a Trezor device (sometimes both). This is not to say, however, that there aren’t other good options. Just the opposite – recently, KeepKey, ColdCard, OpenDime, and several others managed to attract significant interest. Let’s take a look at each one of them and find out what are the pros and cons of the most popular hardware wallets:
Ledger is a French company launched in 2014. Its most popular devices are the Ledger Nano S (priced at $59) and the Ledger Nano X (priced at $119). However, if you are shopping around Cyber Monday or Christmas, you may get a big discount or take advantage of a buy-one-get-one promotion, including both models.
The Ledger Nano S is the go-to device for the majority of the Ledger’s user base. It is compatible with more than 1000 crypto assets, including ERC-20 compliant tokens. The device has a memory for 3 to 20 apps to bring you more flexibility.
The Ledger Nano X is the flagship device of the company and comes with a bigger memory that allows you to store up to 100 apps. The main difference with the Nano S is the integrated Bluetooth connection and the presence of a battery. Thanks to that, the Nano X model allows you to manage and trade your cryptocurrencies on-the-go.
The Nano S and the Nano X have great designs and are easy to use. Both devices run with the Ledger Live software, available for desktop, and as an app for your phone. It allows you to manage your cryptocurrencies easily and has direct integration with third-party wallet solutions.
To find out which assets are supported by both devices, take a look at this article. If you wonder which one should you choose, Ledger does an excellent job of explaining the key differences between both models.
It is also worth noting that both devices run on a propriety operational system. The truth is that both wallets offer excellent protection for your funds, so you should make a choice based on the added functionalities (mostly the Bluetooth and the battery in the Nano X model) and their price. To find out more about their security and usability, you can check this article.
At the time of this writing, the company reports having sold more than 1.5 million devices.
Trezor was the first company to develop a hardware wallet, which makes it the pioneer in this highly-dynamic niche. The company was founded in 2014 by Marek Palatinus (“Slush”), the creator of the first Bitcoin mining pool. Trezor has an excellent reputation and should be among the first wallet providers you take into consideration when choosing your device.
Trezor offers two models – the Trezor One ($59) and the Trezor T ($160). The difference between them is mainly in the touch screen and some of the added functionalities. Trezor T, the premium device, for example, allows you to control all operations via the wallet’s color touchscreen, while to navigate the Trezor One model, you will need a computer or a mobile device. To find out more about both devices and what are the key differences between them, check the official comparison.
Unlike Ledger’s, the Trezor devices run on an open-source system. All firmware, apps, and the implementation of the system, as a whole, are available for peer reviews. Both solutions (closed- and open-source systems) have their pros and cons, so you can explore the topic in detail if it is crucial for your choice.
KeepKey is another alternative that has managed to attract users’ interest in the last few years. The device is produced by ShapeShift, which acquired KeepKey, the original company behind the project. The wallet offers similar functionalities to the Ledger Nano S and the Trezor One. With a price of $49, however, KeepKey is cheaper than both of them. Unlike the other two, though, KeepKey supports around 40 cryptocurrencies, which is way less than Ledger’s and Trezor’s core devices, which support over 1000 assets (to find out more about the crypto assets, supported by KeepKey, check here.). It also has a rectangular form and a much bigger size - almost twice as big as the Ledger Nano S and the Trezor One.
KeepKey runs on the ShapeShift trading platform, which also supports integration with other hardware wallet devices. The integration with the trading platform allows for quick and convenient in-wallet transactions.
ColdCard, produced in Canada by CoinKite, is another option that crypto investors should consider. The wallet is Bitcoin-only and comes in a variety of pricing options. The device has some unique features when compared to the popular choices in the niche, such as a microSD card slot to allow you for a quick back-up of your data, and a secure element, combined with an open-source system. To find out more about the device and its features, you can check the official website.
It is worth noting that, at first, the wallet may appear a bit confusing to beginners as it offers several advanced functionalities and isn’t as intuitive as the rest of the devices on the market.
CoinKite also produces the OpenDime wallet, which works in an entirely different way than the conventional cryptocurrency hardware wallets. It is used as a gift card or cash – you deposit your cryptocurrencies on the OpenDime wallet and then give the device to the receiver of the transaction. That is the reason why OpenDime isn’t a sound choice for storing cryptocurrencies and is usually sold as an addition to the ColdCard wallet.
In a nutshell
Ledger, Trezor, KeepKey, ColdCard, BitBox, Ngrave, or the other offerings on the market – whatever hardware wallet you choose, you should be confident that, if used appropriately, your funds will be safe. Bear in mind that no wallet is 100% secure if you don’t adhere to the safety tips provided by the producer. Always buy your device from the manufacturer itself and avoid third-party sellers. Don’t reveal your seed phrase to anyone, and don’t ever lose access to it.
To further help you navigate the process of finding the best hardware wallet for your needs, we’ve developed an advanced algorithm-based ranking system that takes into account several factors and comes up with a list of the leading solutions on the market. Check it out and use it as an efficient tool to complement your own research on the matter.
Which are the most popular Bitcoin wallets?
The best way to find out which are the most popular Bitcoin wallets is by using our algorithmic ranking system. It ranks the crypto wallet solutions by taking into account several factors, including social media popularity, backlinks, days on the ranking, and many more. The platform compiles a list of solutions that you can take into account to help you complement your research and find the perfect Bitcoin wallet to suit your needs.
Now let’s take a look at the most popular Bitcoin wallets on the market, according to their category:
The most popular Bitcoin hardware wallet – the Ledger Nano S
Reports point out that the Ledger Nano S is the most sought after hardware wallet. A blog post from October 2018 reveals that the company has sold more than 1.3 million devices. The statistics on Ledger’s website take the number to 1.5 million (the number includes the sales of other models as well).
The next on the list is the Trezor One. However, the company hasn’t published official data to indicate the exact number of devices sold, although unofficial information indicates figures of less than 1 million.
The most popular Bitcoin web wallet – Blockchain.com
According to information from Blockchain.com’s website, it is the world’s most popular solution with more than 44 million wallets.
Another top-rated online wallet is Coinbase. However, we should mention that Coinbase is, first of all, a cryptocurrency exchange. Besides, it also offers a wallet to bring its customers an all-in-one solution for buying, selling, and storing cryptocurrencies. Although there is no official information regarding the number of users of the wallet, we can make an approximate estimation based on the number of users of the exchange. According to Coinbase, it serves more than 30 million users, which means that the maximum number of wallets won’t exceed that figure. This leaves Coinbase behind Blockchain.com as the most popular online wallet.
However, we don’t advise storing Bitcoins in online wallets for the long-term due to the associated security concerns.
The most popular Bitcoin desktop wallet – Electrum
Although there aren’t official statistics about the most popular desktop wallets, statistics from GitHub can help us make a basic estimation that Electrum holds the first place, followed by Exodus and Atomic. TrustWallet is another solution that is gaining popularity.
However, due to the lack of official information regarding the number of downloads or active wallets for each of the solutions, to find out the most popular Bitcoin desktop wallet, you can refer to our ranking system.
The most popular Bitcoin mobile wallet – MyCelium and Bitcoin.com
However, if we throw in the mix wallet providers that offer online or desktop versions, and also have a mobile app, then the most popular solution is Coinbase with more than 10 million downloads on Google Play. The Blockchain.com wallet comes next with 5+ million downloads, followed by Coinomi and TrustWallet.
What types of crypto wallets are there and what is the difference?
There are two categories of cryptocurrency wallets – hot and cold wallets. The hot wallets (cloud-based, mobile and exchange wallets) are connected to the internet, while the cold wallets (hardware and paper wallets) operate entirely offline. The fact that hot wallets are constantly connected to the internet makes them a very convenient way for quick transactions. On the downside, they are vulnerable to hacker attacks, malware, and security breaches. Cold wallets, on the other hand, don’t face such risks.
These two categories include several types of cryptocurrency wallets – a hardware wallet, a software wallet, and a paper wallet. Each of them has its own pros and cons and is preferred by different types of investors. Here is more about each type of crypto wallets:
Paper wallets are one of the forms of cold storage (offline) wallets. They are named that way because you use a dedicated website to generate your wallet’s public and private keys and then you have to write them down on a piece of paper.
Although they require a bit more advanced understanding, they are considered among the safest options, alongside hardware wallets.
Paper wallet generators issue QR codes that ease transactions. Transactions can be made either by scanning the QR code or by typing the address by hand. If you are entering the address manually, you should double-check to avoid sending funds to the wrong address.
One of the most popular examples of paper wallet generators is MyEtherWallet. It is suitable for Ethereum and ERC-20 compliant tokens. There are also solutions for Bitcoin which come with handy instructions on how to use them.
Despite their resistance to hacker attacks, paper wallets also bear some risks. For example, you can damage, lose or have the paper with your keys stolen from you. To mitigate those risks, it is advisable to protect your paper wallet by copying it and storing it in several secure locations. It is also a great idea to use a backup tool for offline data storage like the Cryptosteel Capsule, for example.
Hardware wallets are considered the most sophisticated and secure form of cold storage wallets, designed with the purpose of providing an additional layer of security and easing the use of paper wallets. Hardware wallets are the preferred choice of the majority of investors. They are compact external electronic devices that are connected to the computer via USB.
Hardware wallets are considered among the safest options due to the way they work. They generate the private keys by themselves and then store all the sensitive information without allowing it to leave the device. Hardware wallets have built-in secure chips that eradicate the need of typing your private key each time you connect it to a computer. Instead, they use PIN codes. That way, even if the computer is infected, your funds remain safely stored on the wallet.
Hardware wallets allow for quick, convenient, and completely anonymous transactions. You can make transactions by connecting the wallet to a phone or a computer. Next, all you have to do is to unlock the wallet via the PIN and proceed with the transaction. There is no risk of infecting the wallet as it is well-protected and works as a “read-only” device.
Hardware wallets are often preferred due to the fact that they don’t reveal any personal information, are resilient to malware and viruses, and, even if lost, can help recover the funds via the seed phrase. The seed phrase is the most important thing when it comes to your hardware wallet. You should make sure that it is stored in a safe place and is known only by you.
There is a variety of hardware wallets on the market. The most popular are the Ledger Nano series, Trezor, KeepKey, and others. Even their basic models offer multi-currency support and convenient features.
If you want to get yourself a hardware wallet, the best thing to do is to buy it directly from the manufacturer. Don’t ever buy a hardware wallet device from elsewhere (eBay or a third-party provider) as it may be compromised. The devices typically cost between $80 and $150 but you can grab one for even less if you keep track of the manufacturers’ periodical promotions. Although the price may deter you from considering hardware wallets as a way to store your cryptocurrencies, you should bear in mind that if you plan on long-term holding and accumulating wealth, they are the safest option.
There are different types of software wallets – some allow you to store just a single cryptocurrency, while others offer multi-currency support. Some run locally, while others run in the cloud and rely on third-party interfaces. However, software wallets can be segregated in two main types – online (cloud-based) wallets and client-side wallets. The similarity is that both types are hot wallets because they are constantly connected to the internet.
Examples of web-based wallets are those integrated on crypto exchanges’ websites. These wallets allow you to trade and store cryptocurrencies directly on the platform. Although this eases users in the process of making transactions and accessing their assets, it is also considered the least safe way to store cryptocurrencies.
Client-side wallets, on the other hand, are programs or apps that are downloaded from the internet and installed on a device – usually a computer (in that case it is called a “desktop wallet”) or a smartphone (a mobile wallet), and are managed locally.
Desktop wallets are usually less secure than hardware and paper wallets. As a desktop wallet, you can use a computer, a hard-disk, or a USB flash drive that is disconnected from the internet. If kept offline, desktop wallets can ensure complete protection against hacker attacks or malware. They can’t be accessed from distance and you are the only one who has control (via the private keys you are storing securely). What this also means, though, is that you are also the only one responsible for taking care of the wallet’s security. You should make sure to perform periodical backups, update the firmware, and stay away from malware. Also, use only desktop wallets that keep your seed keys in encrypted form. Otherwise, you risk losing your cryptocurrencies should you become a victim of a hacker attack or malware.
Desktop wallets can be either hot or cold, depending on whether they are connected to the internet (which is one of the reasons why they are sometimes discussed as a separate category from the software wallets). If the desktop wallet is connected to the internet, it loses its main advantage – storing sensitive information locally, isolated from external access. That is why many investors prefer to use old or spare computers that they don’t need and can keep offline constantly.
Now a few things about mobile wallets. Mobile wallets come in the form of mobile apps that are installed on a smartphone. There are also blockchain phones specifically-designed to serve as mobile wallets (Finney, HTC Exodus 1s, and others). Whether you are using a mobile phone wallet or a crypto wallet app, the idea is the same – the device uses NFC, QR scanning, and the common methodology of making transactions to allow you quick payments in retailers who support crypto as a form of payments.
What makes software wallets so popular is their accessibility and ease-of-use. You can make transactions quickly and conveniently, directly from your phone, tablet, or another device. Your funds can be accessed from every location. Their connectivity though also contributes to their main disadvantage – storing private keys online (usually at a remote server, owned by the service provider). Due to being constantly connected to the internet, software wallets are vulnerable to hacker attacks, malware, and viruses.
Type of wallet Pros Cons Examples Paper wallets
- Require a more advanced understanding of cryptocurrencies
- Don’t support all cryptocurrencies
- Not suitable for day-to-day transactions
https://bitcoinpaperwallet.com/ Hardware wallets
- Complete anonymity
- Easy to use
- Aren’t free
https://www.ledger.com/ Software wallets
- Easy to use
- Good for on-the-go transactions
- The least secure
- May require periodical backups