Top 5 Crypto Wallets

Below are the top 5 best crypto wallets that one can use in storing and investing in cryptocurrencies:

1. Coinbase Wallet

One of the early pioneers of crypto wallets and has been functioning securely in the present.

Coinbase is a hot crypto wallet that can sell, transfer, buy, and store digital currencies. You can store all your NFTs and crypto coins in one place in Coinbase Wallet.

It supports more than 100 countries that trust Coinbase to sell, buy, store, and earn cryptocurrency. This Crypto wallet can store digital collectibles and NFTs and supports 500+ crypto assets at once.

Year Developed: 2012

Coins Supported: 600+ cryptocurrencies, including BTC, ETH, LTC, BCH, DOGE, etc.

Type of wallet: Hot storage

Available Countries: 100+ countries.

Advantages: 

1. User-friendly interface
2. Multi-signature and 2-factor authentication support.
3. Provide optional cloud backups that can protect your digital keys.

Disadvantages:

1. High transaction fees
2. Limited trading types

2. Binance

This is the best wallet for crypto traders looking for multiple features in their wallets.

This crypto wallet offers special crypto features like Auto-invest, staking, Defi, Futures and Options, and P2P trades (This feature is very outstanding as it simplifies the transaction between two traders who wish to exchange crypto without employing a third party or the use of bank cards directly on the platform). BNB, which is their native coin is among the Top 5 crypto globally and runs on a specific network called Bep-20. This crypto exchange has a Blockchain called the Binance Chain.

Year Developed: 2017

Coins Supported: 900+ including BTC, ETH, Doge, etc.

Type of wallet: Hot wallet

Available Countries: USA, UK, Belgium, France, etc.

Advantages

1. Over 1500 cryptocurrencies for trade and Over 65 cryptocurrencies for U.S-based investors
2. Wide selection of trading options and order types
3. Provides comprehensive charting feature

Disadvantages

1. Not good customer support.
2. Numerous extra services which cause the app to lag in execution.
3. delay in the execution of the app’s user interface.

3. Trezor Model T

This crypto wallet is the best for those looking for a digital security solution and can be stored on the hardware.

Trezor Model T is a cold wallet designed for crypto traders. With Trezor Wallet, you can protect your cryptos, digital assets, and passwords from theft/hacks. It supports more than 1800 coins and tokens and is easily transferable.

Year Developed: 2014

Coins Supported: 1800+ including Bitcoin, Ethereum, etc.

Type of Wallet: Cold wallet

Available Countries: Delivered to all the countries

Advantages

1. It offers a color touchscreen. Quite an expensive tool
2. Easy to set up
3. Provides top-notch security

Disadvantages

1. It Needs to improve its customer care support.
2. Once physically stolen, can’t be recovered

4. Exodus

This is the best crypto wallet to install on your system if you are a desktop user.

Exodus is one of the best crypto wallets for securely managing cryptocurrencies and NFTs. Its easy-to-use interface has made it very popular among new and experienced crypto traders.

Year Developed: 2015

Coins Supported: 160+ including Bitcoin, Tether USD, Bitcoin Gold, Ethereum, Litecoin, etc.

Type of wallet: Cold Wallet

Available Countries: Exodus can be accessed from anywhere in the world

Advantages

1. This app is compatible with devices like Trezor Model T, Linux, iOS, Android
2. It supports a wide variety of cryptocurrencies
3. It  has an easy- to use interface
4. Exodus gives you total control over your crypto assets.
5. It has good customer support

Disadvantages

1. The lack of native 2-factor authentication may deprive some users of having extra security for their assets.
2. Does not provide multi-signature support.

5. Trust Wallet

There is nothing to dislike about Trust Wallet because of the security and easy-to-use interface they provide. It is easy to stake crypto and can carry NFT which can be transferred to any centralized exchange in seconds.

Trust Wallet specifically is built for simplicity, thus allowing users to acquire, send, receive, and stake cryptocurrencies and non-fungible tokens (NFTs) from their phones.

Year Developed: November 2017

Coins Supported: 2000+ cryptocurrencies, including BTC, ETH, LTC, BCH, DOGE, etc.

Type of wallet: Hot storage

Available Countries: 100+ countries

Advantages: 

1. Trust Wallet supports more than 200 thousand cryptocurrencies including NFTs.
2. Convenient setup and display on smartphones
3. It is easy to buy, stake, and farm cryptocurrency directly in the wallet

Disadvantages:

1. It is susceptible to social engineering and phishing attacks, so the a need to secure a passphrase.
2. It lacks a good customer support system.
3. limited usage with web-based decentralized apps through popular browsers like Chrome, brave, etc.