× #message#
×

Warning

Our Crypto Wallet Recommendations

Choosing the right crypto wallet is one of the most important decisions you can make when entering the world of crypto. A crypto wallet functions just like a regular wallet, only it takes the form of an app that stores passkeys, which allow you to sign for your cryptocurrency transactions.

 

In order to better understand this article, it is important to bear in mind the following considerations: 

 

  • There are two types of wallets, hot wallets that have access to the internet and cold wallets that do not.

  • Additionally, there are such things as custodial and non-custodial wallets. The custodial wallet is hosted by a third party, whereas with a non-custodial wallet, the owner is responsible for securing their own passcodes.

  • Finally, there are also three subcategories: software wallets that run on apps on mobile devices; hardware wallets that are removable devices and paper wallets that function with QR codes. 

 

With this in mind, here are our top five crypto wallet recommendations:

 

1. Coinbase Wallet 

If you are looking for vast compatibility, this is the hot wallet for you. Coinbase Wallet supports “hundreds of thousands” of crypto assets and is known as one of the leading hot wallets on the market. It provides multiple advantages, including integration with various decentralized exchanges (DEXes), the option to utilize Ledger for secure cold storage, access to an array of coins for staking, and support for NFTs based on both Ethereum and Polygon networks. 

 

2. Ledger Crypto Wallet 

If you're looking for a cold wallet, Ledger Crypto Wallet may be a good fit for you. Their user-friendly interface and integration with other software wallets, such as Crypto.com, enables users to conveniently oversee a portfolio of over 5,500 tokens and coins via the Ledger Live app.

 

3. Trust Wallet 

Trust Wallet stands out as our top choice for a mobile crypto wallet given its support for dApps and NFTs and the extensive range of supported assets. As Binance’s official mobile app, Trust Wallet offers non-custodial security with over 70 supported blockchains. Plus, as stated by Simpson, "the wallet has a built-in Web3 browser, allowing users to access dApps and blockchain games directly through the app. This feature makes buying NFTs easy, as users can look, purchase and store tokens using the incorporated decentralized exchange, all without leaving the app" (2023). 

 

4. Crypto.com Defi Wallet 

This non-custodial wallet gives you access to a full suite of DeFi services in one place. It is designed to give you full control and secure custody of your crypto, and it does not require you to provide your identity, which therefore reduces the risk of data breach.

 

5. Exodus 

Exodus is a great choice if you like to access your wallet on a desktop. Its varied functionality sets it apart from other options on the market. It runs on a light client, meaning it uses simple payment verification and doesn’t download complete blockchains, which in turn speeds up transactions. Plus, you can earn interest on more than 25 cryptocurrencies. 

 

There are many other crypto wallets within the crypto space besides those we mention here, each with their own pros and cons. Our advice when choosing a crypto wallet is to identify your objectives, your non-negotiables and to research as much as you can. We suggest looking at reviews and forums in order to gain more insight on each of the wallets before making your pick. 

 

latest posts

ETF

Why ETFs are a great way to get into crypto

ETFs are a great way to get into crypto for traditional investors. For many crypto first-timers, the ins and outs of exchanges, wallets, and market movements can be overwhelming. Luckily, as of 2024, US investors can now look forward to adding two kinds of spot crypto ETFs to their portfolio. In January, the Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs, followed in May by a rule change approved by the SEC allowing Ethereum ETFs to be listed on a series of US exchanges,
Read more
ETF

What does the Ethereum ETF approval mean for traders?

On the 23rd of May 2024, the US Securities and Exchange Commission’s (SEC) the Ethereum ETF approval to the expectant public. While the market had ample time to prepare for the launch of the first set of Bitcoin ETFs, the approval of a rule change affecting their Ethereum counterparts came as somewhat of a surprise. Nevertheless, the ETFs will not be listed immediately, given that each product needs to be approved individually by the SEC. This window will give traders time to redistribute
Read more
BITCOIN

How to trade Bitcoin after the halving

Following the much-anticipated Bitcoin halving on the 19th of April 2024, many crypto investors are asking themselves how to trade Bitcoin after the halving. Bitcoin and popular altcoins such as Ether, Solana, and Ripple have subsequently experienced a significant slump in value, with big-daddy Bitcoin itself dropping some 11% in value in 24 hours on the 1st of May. Whilst crypto experts and analysts are not overly concerned about Bitcoin’s long-term performance over the coming twelve mont
Read more
BIDS

The bid price is the highest price that a particular buyer is willing to pay for a specific product or service. In the context of financial/crypto markets, it is the value buyers offer for an asset, such as a commodity, security or cryptocurrency.

Read more

ASKS

The asking price is the minimum price that an individual would be willing to sell their asset, or the minimum amount that they want to receive in return for the unit(s) they are parting with.

Read more

MY OPEN ORDERS

Here you can see all of your open orders. To cancel an open order, just click the ‘X’ symbol next to it.

Read more

LIMIT ORDER

Limit order gives you the power to set a specific price at which you would like to buy or sell the desired amount of cryptocurrency.

Read more

MARKET ORDER

A market order is an order type that enables you to buy or sell at the best available market price.

Read more

STOP LOSS LIMIT

A Stop Loss Limit order is designed to limit your loss on a cryptocurrency position. A Stop Loss Limit order can be placed to buy or sell a specific cryptocurrency at your entered price (a limit order) once that cryptocurrency reaches a certain price.

Read more

TAKE PROFIT LIMIT

A take profit limit order is an order put in place by traders to maximize their profits and protect their profits on positions. A take profit limit order allows you (a trader) to set your custom made Buy or Sell order. You have to set two prices - the Trigger Price and the buy/sell Price.

Read more