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15 Best Crypto Wallet Apps

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Crypto wallet apps are a free, secure app that allows you to store, receive, and send different cryptocurrency coins on your mobile device.

Crypto Wallets Explained

A cryptocurrency wallet is a software / hardware application that allows you to store your cryptocurrency.

Cryptocurrencies, on the other hand, do not exist in any physical form.

Technically, cryptocurrency can only be stored in coin wallets. This software is simple to use while also being secure and quick.

There are numerous Crypto wallets on the market, making it difficult to select one.

The following is a handpicked list of the Top Crypto Wallet App & Software, complete with popular features and website links.

Cold Wallet vs Hot Wallet

Crypto wallets are digital storage devices that securely store the codes required to access and exchange your cryptocurrency assets.

Depending on your preferences, you can use a cold or hot wallet.

A cold wallet is a specially designed hardware device for storing cryptocurrencies.

A hot wallet, on the other hand, is directly connected to the cloud infrastructure and offers a slew of features that hardware (cold) wallets do not.

Not every hot wallet offers the same features, and it can be difficult to research and find the best fit for you.

How Do Cryptocurrency Wallets Work?

Cryptocurrency wallets provide public and private keys, allowing cryptocurrency users to interact with their digital assets stored on public blockchain networks.

The public key of a wallet is the wallet address to which funds can be sent, and the private key is what you use to access your funds and make transactions.

Consider the public key to be your bank account number, and the private key to be the PIN you use to log in and make payments.

Top Crypto Wallet Apps (Hot Wallets)

Here is a list of the top ten hot wallets for crypto beginners that you can review and compare features before making the important decision.

MetaMask

MetaMask is a digital wallet for managing, sending, and receiving Ethereum and ERC-20 tokens.

You can also manually add the Binance Smart Chain network to Metamask in order to store and exchange BEP-20 tokens.

Aaron Davis and Dan Finlay created it in 2016 with the intention of assisting cryptocurrency traders.

By acting as a browser extension, the MetaMask wallet connects a regular browser such as Google Chrome or Firefox to the Ethereum blockchain.

MetaMask has the advantage of allowing users to fully interact with Ethereum without downloading the entire blockchain.

You can, in fact, run an Ethereum DApp without hosting a full Ethereum node.

See How to Setup MetaMask Wallet here

Binance Chain Wallet

Binance wallet allows you to send and receive funds on Binance Chain, Binance Smart Chain, and Ethereum, as well as cross-chain transfers between Binance’s blockchains via the Binance Chain browser plugin.

The extension can also be used to authenticate and sign transactions with other Binance Chain products without exposing your private keys, which are stored safely within the extension’s storage area and encrypted with your password.

To enable this connection, the extension must include code that manages communication between web apps opened in tabs and the extension itself.

You’ll have access to the entire platform’s capabilities, including a crypto exchange, if you use the Binance wallet app or the web browser version of the wallet.

Electrum

In 2011, only two years after the launch of the world’s first cryptocurrency, Bitcoin, a cold wallet, Electrum, was released.

Despite its simple user interface and focus on Bitcoin, Electrum excels at its core purpose of cryptocurrency security.

Electrum’s key features, according to its official website, are as follows:

  • Private key encryption
  • Private key storage offline
  • Third-party plugin support
  • Interface that is quick
  • Private key export
  • No downtime due to decentralized service
  • Transaction verification with SPV.

By using the simple payment verification (SPV) method to verify transactions, Electrum makes efficient use of storage space and bandwidth.

Because it uses SPV, it does not download the entire blockchain. Instead, it queries Bitcoin network servers to track transactions.

Coinbase Wallet

Coinbase Wallet is a bitcoin wallet that the user completely controls.

This means that your wallet’s private keys (which represent bitcoin ownership) are stored on your mobile device rather than a centralized cryptocurrency exchange.

Coinbase Wallet is distinct in that it operates independently and does not require you to sign up for an account on the Coinbase crypto exchange.

Those who understand how to use Coinbase, on the other hand, can take advantage of a variety of features that the exchange provides.

The Coinbase Crypto Wallet App is widely regarded as one of the safest mobile wallets on the market.

It was designed to support Ethereum and ERC20 tokens, but it has since been expanded to support a variety of other cryptocurrencies, including Bitcoin.

Edge Wallet

Edge is a smartphone wallet that makes storing and trading cryptocurrencies easier.

The wallet uses client-side encryption to encrypt all of the user’s private data on their smartphone, ensuring that only the user has access to their digital assets.

Edge uses client-side encryption to encrypt all of your private data on your device.

This means you retain complete ownership of your digital assets and are not required to provide Edge with your phone number, ID, or any other personal information.

Edge is free to download for mobile devices.

If you receive cryptocurrency into your wallet, you will not be charged any fees; however, if you transfer money, you will be charged mining or network costs.

Trust Wallet

Trust Wallet is a mobile crypto wallet that offers over 160,000 assets and blockchains and allows traders to earn interest by staking their coins.

The wallet was originally intended to support only ERC20 and ERC223 tokens, but it has since been expanded to include other major cryptocurrencies such as Bitcoin.

The Trust Wallet includes a Web3 browser that enables users to purchase cryptocurrencies directly from the Kyber Network’s native DEX (decentralized exchange).

It also enables users to connect to other Ethereum-based DApps via the Trust Wallet app.

The Trust Wallet app is available for free download on both iOS and Android.

Its code was initially written in the original languages of both platforms: Swift for iOS and Java for Android.

See how to Setup Trust Wallet here

Exodus Wallet

Exodus is a multi-cryptocurrency wallet with a straightforward user interface.

It can be used to store various crypto assets as well as any currently unsupported and custom ERC-20 tokens.

Exodus is a free desktop and mobile wallet that is also fully compatible with hardware wallets such as the Trezor One and Trezor Model T.

Many in the cryptocurrency community have praised it for its built-in exchange and the fact that it is one of the few software wallets that supports hardware wallets.

The wallet distinguishes itself from other cryptocurrency wallets by catering to users who have never used cryptocurrency before.

It has a user-friendly design, and its designers have spent a significant amount of time and effort refining it to make it more intuitive.

Robinhood

Although Robinhood offers web and mobile trading, some investors may find the selection of tradable assets and account options to be limited (the broker does not offer retirement accounts).

In the past, Robinhood has been chastised for unexpected outages and trading restrictions caused by market volatility, as well as being fined by authorities for deceiving clients, resulting in massive penalties.

One of the first things you’ll notice about the Robinhood crypto wallet is that it supports all of the major cryptocurrencies, making it a very appealing option for people who want to get into crypto but only want to invest in the most well-known and talked-about coins.

Mycelium

Mycelium has been around since the early days of cryptocurrency, and its wallet is one of the most well-known Bitcoin wallets.

This is a mobile wallet that works on both Android and iOS. There is currently no desktop version available.

The Mycelium wallet has a pleasingly simple user interface, but it only accepts a few types of cryptocurrency when compared to the others listed here:

You can send and receive Bitcoin, Ethereum, and ERC-20 tokens such as Tether USD, USD Coin, and Binance USD, but not the hundreds of meme currencies that have sprung up in recent years.

Mycelium allows you to buy and sell cryptocurrency directly from the app, and you can do so with regular fiat money.

AtomicDEX

AtomicDEX, created by open-source technology provider Komodo, is a non-custodial multi-cryptocurrency wallet and cross-chain, cross-protocol decentralized exchange all in one app.

It is compatible with 99 percent of all cryptocurrencies and has native support for dozens of blockchain protocols, including Layer 1 and Layer 2 networks.

Users can create their own ERC-20, BEP-20, and QRC-20 tokens.

The AtomicDEX app is a software wallet that is accessible via mobile, desktop, and web browser (internal alpha as of April 2022).

Future features will include hardware wallet support, Hierarchical Deterministic wallet (HD wallet) support, and MetaMask compatibility, to name a few.

Guarda Wallet

Guarda Wallet is a highly secure and user-friendly cryptocurrency wallet that enables users to buy, store, swap, and earn money by staking a variety of crypto assets.

Guarda Wallet has passed our reputation background checks with flying colors and ticked the most security boxes among all software wallet providers, despite being one of the newest wallet providers on our list of best crypto software wallets.

The multi-platform software wallet is accessible via a web interface, a Chrome browser extension, a desktop client, or a smartphone, allowing for seamless cryptocurrency asset management for all types of users.

While the wallet’s in-app purchase fees are quite high, Guarda provides a beginner-friendly and secure user experience, making the fees justifiable in situations where security is critical.

BitPay

BitPay allows you to manage and exchange cryptocurrency while maintaining complete control over it.

BitPay allows you to create multiple wallets, transfer funds, experiment with testnet coins, and much more.

Secure your funds with key encryption and multi-signature, and shop securely with Payment Protocol.

Get emails and push notifications for every update, such as proposals, payments, and transfers, in real time.

You can pay your friends all over the world and exchange your crypto assets for dollars using their cards/purchase gift cards.

If your favorite store does not accept cryptocurrency, don’t worry; use this BitPay app to instantly purchase store credits and spend them at a retailer.

BitPay’s non-custodial and open-source wallet prevents anyone from gaining access to your assets; even BitPay cannot take your money.

ZenGo

ZenGo prioritizes simplicity. It eliminates the need for private keys, passwords, and secret phrases.

Instead, it uses facial biometrics as an authentication tool. ZenGo has its own set of security measures in place.

They keep two secret keys, one on the user’s mobile device and one on ZenGo servers.

Transactions necessitate the use of both keys. ZenGo claims to have eliminated a single point of failure in this manner.

ZenGo also functions as a savings account, earning interest on cryptocurrency staked.

Furthermore, you can use your facemap to restore your ZenGo wallet on any device.

Finally, to sway the scales in their favor, ZenGo charges no transaction fees.

It is available for both Android and iOS devices.

Breadwallet

Breadwallet is a mobile wallet application developed by bread in 2015.

It is compatible with both Android and iOS devices. It is safe and convenient for storing bitcoin.

The app is well-optimized, and it can connect directly to its respective blockchains to speed up transactions.

Breadwallet is designed to safeguard personal information and privacy.

Send and receive money with the touch of a button, from anywhere, at any time, with complete financial privacy.

Bread Wallet has a standalone client with no server to use when users send or receive bitcoins in their wallets.

The best part is that you do not need to create an account to use it. It securely connects to the blockchain.

MyEtherWallet

MyEtherWallet assists you with Ethereum requirements.

It has simplified Etherueum fundamentals such as creating a paper wallet, sending ether, collecting ether, generating a seed, and much more.

MyEtherWallet has access to Ethereum test networks such as Ropsten.

It works with the vast majority of hardware wallets, including Trezor, Ledger, and others. Take a look at the Top Solana Wallets to store SOLs.