Hey crypto fans,
The crypto market is expected to hit USD 2.2 billion by 2026, with the global demand for digital currency higher than ever. In the wake of what’s to come, savvy investors, Fortune 500 companies and beginners alike are all finding new and exciting ways to invest, trade and store the widest range of digital assets.
And, just as all physical assets are stored to accumulate value over time, so too does your digital portfolio need a secure and multifunctional wallet to keep your cryptocurrency safe.
Below, you’ll find our pick for the top five crypto wallets.
What are the Best Crypto Wallets for 2022
Ledger Nano S
Starting with cold wallets, at US$59 (or around €50), the Ledger Nano S comes in at half the cost of the recently launched Ledger Nano X and, with a host of essential features, is a top choice for new to interim traders/investors.
Released back in 2016, the Ledger Nano S is one of the most trusted hardware wallets on the market today. With encrypted security protocols and a sleek and stylish design, the Ledger Nano S supports over 1000 different cryptocurrencies and Altcoins.
The Ledger Nano S is able to seamlessly integrate with a host of leading cryptocurrency exchange apps. This speeds up manual approval, allowing transfers and transactions to go off from your wallet in real-time.
While the next generation Ledger Nano X has more features and a higher resolution screen, the original Ledger Nano S is just as effective as it ever was, while coming in at a much more affordable price tag.
Some of the Top Features of the Ledger Nano S crypto wallet include:
* Lock tight Storage: The Ledger Nano S stores your cryptocurrency in an isolated environment, with a unique pin code. This greatly limits the chance of any personal or account-related information being compromised.
* Backup Seed: A built-in backup seed (or phrase) ensures that your account is always safe. This 24-word phrase will store all the information needed to recover your account information in case of loss or damage.
* Display Features: A built-in display allows you to check and confirm incoming and outgoing transactions straight from your device
* Multiple Cryptocurrencies: The Ledger Nano S is able to store around 107 cryptocurrencies and more than 1000 different tokens, stable coins and altcoins, including, Bitcoin (BTC), Tether (USDT), Dogecoin (DOGE), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Cardano (ADA), Tron (TRX), Dash (DASH), Neo (NEO), and many more.
Trezor Model T
The Trezor Model T is the next generation for top-end cryptocurrency storage. With cutting-edge security and a host of built-in features, the Trezor Model T is a go-to cryptocurrency wallet for interim and advanced crypto traders and investors alike.
The wallet is able to hold over 1600 different crypto assets, storing and securing its user’s private keys straight from the device itself. Well built, and stylish, the device is known for its high storage capacity, touchscreen navigation and ease of use. The Trezor Model T retails for around US$170 (or €144).
Some of the top features of the Trezor Model T crypto wallet include:
* Encrypted Key Storage: The Trezor Model T carries cutting edge security protocols, where a set of digital keys grant users access to their account and transactional data. These keys are stored safely and never leave the device, ensuring the wallet is backed up to the fullest.
* Touchscreen capability: An easy-to-navigate, intuitive touchscreen is able to speed up and streamline verification and approval of all cryptocurrency transactions.
* Password Manager: The Trezor Model T password manager ensures that each accounts’ passwords are individually locked. Once a user has physically confirmed their identity and given permission, these passwords are then unlocked one by one.
* Cryptocurrency storage: This wallet has the ability to store over 1600 crypto assets, including
Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), EOS, Litecoin (LTC), Tether (USDT), Tron (TRX), and many more.
KeepKey
Developed in 2016 by the global trading platform Shapeshift, the KeepKey is one of the most trusted cryptocurrency wallets in circulation, delivering robust and multifunctional offline storage for a wide range of digital assets.
Perfect for beginners and advanced users alike, the wallets’ stylish, minimalist design has a built-in display screen for easier navigation, while its integration with Shapeshift allows users to exchange a host of different cryptocurrencies directly from the wallet itself. KeepKey also retails at a reasonable $US49.00 (or €41).
Some of the top features of the KeepKey crypto wallet include:
* Multiple Supported Cryptocurrencies: The KeepKey wallet supports the storage and exchange of various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Dogecoin (DOGE), Litecoin (LTC) and more.
* Integration with Shapeshift: As mentioned, the KeepKey wallet is also directly integrated with the Shapeshift exchange platform. This means that a multitude of different cryptocurrencies can be exchanged directly from the wallet itself.
* Backup and Recovery: The wallet generates a 12-word recovery sentence that you can use if you ever need to retrieve your private keys. This ensures your digital assets stay safe in the event of loss or breakage.
* User Navigation: The KeepKey scores high in terms of its user-friendliness, and its large display screen and sleek design are easy to get the hang of in the shortest possible time.
From cold to hot, here are two of the best online (digital) wallets making moves in 2021.
Exodus
Exodus is at the top of many people’s list of crypto wallets, compatible with both desktop and mobile. Its straightforward interface allows for easy set-up and platform navigation. The Exodus wallet comes with a built-in exchange platform and is currently able to store around 100 or so different cryptocurrencies.
One potential drawback is that the wallet's source code is not open to the public. This means that a fair amount of trust must be placed on the Exodus team to ensure a user's account remains safely guarded at all times. The platform is entirely free to use and registering an account is simple.
Some of the top features of the Exodus wallet include:
* Supported Cryptocurrencies: The Exodus Wallet can store around 100 different cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), Bitcoin Cash (BCH), EOS (EOS), Ripple (XRP), and more.
* Live Portfolio Tracking: The Exodus Wallet comes with live charts & portfolio tracking capability, alerting you to any spikes or dips in your portfolio.
* Mobile Integration: Users are able to exchange crypto in just a few clicks with the Exodus Desktop App.
Coinomi
Established back in 2014, Coinomi is one of the first multichain wallets to have ever been brought to the market. Used by millions of crypto enthusiasts across the globe, the Coinomi wallet has stood the test of time, supporting over 125 different blockchains and thousands of different tokens, all housed on one single platform.
As far as the best cryptocurrency wallets go, Coinomi offers cutting-edge online security, with multi-seed backups, encrypted user IP addresses and lock tight data protection. Its features include instant exchanges, quick purchases and a wide range of partnerships that streamline inter-currency transfers. The wallet is also entirely free to use, with the only requirement being to sign up to the Coinomi platform.
Some of the top features of the Coinomi Crypto Wallet include:
* Simple Setup: Registering a Coinomi Wallet is simple. The wallet itself is easily downloaded off of the Coinomi homepage and can be fully installed and ready to use in a few clicks.
* Enhanced online security: The wallet adheres to the highest security standards. Users are given a unique set of seeds (or phrases) when setting up their wallets. These seeds come with their own encrypted settings, ensuring your online assets are never compromised. Additionally, the site itself does not store any user data, ensuring complete privacy.
* Integrated Currency Exchange: The Coinomi Wallet is directly integrated with its sister trading platform, meaning the exchange of any online assets is straightforward, efficient, and can be done directly from the wallet itself.
* Multi-language support: The Coinomi support team is available around the clock, with one of the fastest response times of any online wallet. Their team speaks over 25 different languages, ensuring communication remains a top priority.
* Supported Cryptocurrencies: Coinomi supports a massive list of over 1770 crypto assets, including Bitcoin (BTC), Ethereum ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Tron (TRX) Ethereum Classic, Dash, NEM, ZCash, Doge (DOGE), Decred, Bitcoin Gold (BTG), Algorand, MonaCoin, Horizen, and a whole lot more.
Thanks for reading and you're welcome to share your thoughts.
Regards,
Karl from Bitcasino
Source: Bitcasino blog
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Topic: TOP 5 crypto wallets for 2022 (Read 1777 times)