Right off the bat, a crypto wallet is a requisite for trading, holding, and selling decentralized currencies. Crypto investors need a safe and secure digital spot to store their coins with a piece of mind, and also to validate transaction info.
So, let’s dive deep into understanding the kinds of crypto wallets in existence, and which one is best suited for you- If you want to use the wallets that professional traders or best crypto signals provider use, make sure you subscribe to one of the credible ones and learn from them.
Electrum, aka The Bitcoin Wallet
11 years of existence and counting, Electrum is the oldest and most popular crypto wallet of 2022. It holds a plethora of potent security features for a safe bitcoin trade. Electrum users can pay more or fewer fees according to their desired ‘wait for a transaction to be completed’ time. If you pay more, transactions are executed faster.
Another unique feature of this wallet is its lightweight-based client, which takes up less space compared to other wallet clients on your computer.
CoinBase, aka The Best Wallet For Beginners
For all the newbies out there, Coinbase is by far the best option. It connects to almost all major banks and has a very intuitive, straightforward UI that is easy to understand and navigate. Coinbase houses over 500 cryptocurrencies, along with NFTs and digital collectibles- the most number on any hot wallet in 2022.
One may use a coinbase wallet without signing up for the coinbase exchange platform. No private keys of any user’s wallet are stored in the Coinbase server, rather in your device directly. They left no stone unturned in providing you with a maximum-security hot wallet.
Ledger Nano X, aka The Best Offline Wallet
When it comes to hardware (cold) wallets, Ledger Nano X is the first name to consider in 2022. Features like built-in battery, Bluetooth connectivity, and support of 1800 different decentralized currencies make it a bank for your crypto bank!
Nano X’s secure element chip is similar to that of a high-end security solution used in credit cards and passports. It protects your crypto from all possible cyber-attacks, ensuring 100% security to your crypto assets.
Exodus: The Best Wallet for Desktops
Known for the most visually appealing interface, Exodus is an absolute beast when it comes to functionality. Firstly, it supports about 145 cryptocurrencies and tokens. Next, it has got compatible web apps for live charts, crypto deposits, and staking.
Like Electrum, it is based on a light client- utilizes SPV to partially download blockchains to pace up transactions. The Exodus is highly secure and it gets an update every two weeks.
Mycelium, aka The Best Mobile Crypto Wallet
Mycelium is a hot favorite among investors who like to trade, buy, sell and store cryptos on their smartphones. It is available for both Android & iOS users, whose security level and transaction options are the key highlights.
This crypto mobile wallet is all-in reproducible- its code can be duplicated with a bare minimum effort to compare it with the original one in order to trace any possible security hazards. Mycelium offers you several layers of pin protection and also features four levels of transaction modes- low priority, normal, economic, and high priority… how cool is that?
In A Nutshell
The wallets included in the list above are based on the following three considerations-
Safety: It is the foremost factor in choosing a wallet. Every wallet above is feature-rich in security factors like biometric and multi-signature support, 2-factor authentication, open-source code, and reliable protocols for transactions.
Features: The essential features like live charts, huge tradable assets, lending, and staking capabilities are considered.
Cost: All hot and cold wallets above are pretty decent in charging transaction fees.
Feel free to pick one according to your needs, and start securing your crypto assets today!