From security protocols to wallet interfaces, tracking down the safest crypto wallet app can be pretty challenging.
But fortunately, with hard work and plenty of research, we’ve put together a list of the 4 safest crypto wallets available on the market. And while all of these wallets are perfectly safe, they have different features that appeal to different users.
Hence, this is why we’ve rated these wallets by functionality. For example, some wallets are great for beginners, while others work better for mobile users.
So, sit back, relax, and check out our selection of the best wallets for storing cryptocurrencies.
1. Best all-around app: Exodus crypto wallet
When it comes to being generally good at everything, few wallets come close to Exodus Crypto wallet.
First of all, Exodus is free-to-use, meaning that you can download it and get started immediately – all without you needing to pay a cent.
And if privacy is a concern, then you’ll be happy to know that there are no registration or sign-ups needed. That means users won’t have to worry about logging and recording their data.
As an added plus, Exodus’s customer service team provides 24/7 support – so you’ll never have to worry about being left in the cold.
While it’s disappointing to see that Exodus lacks two-factor authentication (2FA), it makes up for it by allowing users to interface with cold wallets. That way, you can easily keep track of your crypto assets in cold storage.
Most importantly, Exodus has a proven track record of safety, making it a great hot wallet for storing your cryptocurrencies.
2. Best for advanced Bitcoin investors: Electrum crypto wallet
If you’re a more advanced user, you may want to consider using Electrum. Unlike other wallets, Electrum focuses solely on the safe and secure storage of Bitcoins.
So if you’re looking for a multi-role wallet, then you’re out of luck.
While this may be a deal-breaker for others, Electrum is widely regarded as one of the safest crypto wallets available in the market – a fact confirmed by most users on Bitcoin forums.
Besides two-factor authentication (2FA), Electrum has numerous privacy-enhancing features like secure encryption and even allows users to utilize a secret phase to recover their funds.
And thanks to Electrum’s strict security protocols, hackers will find it difficult to hack into your account or gain access to your password.
3. Best for beginners: Coinbase wallet
If you’re relatively new to the crypto scene and on the lookout for a secure wallet, then the Coinbase wallet may be just what you’re looking for.
Coinbase wallet is managed by the popular crypto exchange Coinbase and features an easily navigated, user-friendly interface. Although Coinbase wallet cannot interface with cold wallets, it makes up for this by offering multi-signature and two-factor authentication support.
That way, cybercriminals will have a much harder time trying to crack your account’s security. Also, the Coinbase wallet is backed by one of the world’s most reputable crypto exchanges, so you won’t have to worry about the wallet suddenly collapsing overnight.
Finally, the Coinbase wallet uses the Secure Enclave chip, which allows users to use biometric authentication on various devices.
4. Best support for mobile users: Mycelium crypto wallet
Last but not least, we have Mycelium crypto wallet – an open-source platform that comes with extensive support for mobile users.
Just because you’re on the move doesn’t mean that you should compromise your wallet security. Given the risks that mobile users are exposed to, Mycelium offers a range of security features to help them stay protected.
First, we have Mycelium’s user interface protection – a feature that requires users to input a pin to send cryptocurrencies or share private keys.
And unlike most crypto wallets, Mycelium gives users complete control of their private keys, thus giving you the option to take charge of your security. Also, Mycelium comes with two-factor authentication that provides extra security.
Keeping your cryptocurrencies safe is a full-time job that should be taken extremely seriously. Therefore if the ones mentioned are not enough, you can check these 10 options: blog.tezro.com/best-crypto-wallet-for-android/
Hence this is why it’s vital to choose the right cryptocurrency wallet.