No matter if you are a HODLer, a day trader who has a high-risk tolerance, or an NFT flipper, you need one of the best crypto wallets either way. Technically, you can store all of your digital assets on one or more crypto exchanges. However, if you want to sleep tight at night, a crypto wallet is the way to go since it touches the sweet spot between security and convenience. Yet, what exactly is a crypto wallet and how do you choose the best wallet for crypto?
What Is a Crypto Wallet?
A crypto wallet is, simply said, a safe haven for your digital assets – both cryptocurrencies and NFTs. Crypto wallets are typically decentralized, which means that you, the owner, have complete control over your possessions. That’s because you are the only one holding the private key to the balance held in there. Sending, receiving, and storing crypto are some of the basic features of any crypto wallet while some of them offer more advanced functionalities such as staking and swapping.
There are over 150 wallets to choose from, and one can easily feel overwhelmed by such a huge range of options. We did the hard work and created a list of 10 noteworthy blockchain wallets you might want to keep an eye on – hot and cold, custodial and non-custodial, as well as multisignature wallets.
A List of the 10 Best Crypto Wallets in 2022
#1 NOW Wallet
NOW Wallet, a wallet developed by the ChangeNOW team, truly offers a seamless crypto buying, storing, and exchanging experience within a single, well-designed and easy-to-navigate app. Since it is a non-custodial type of wallet, you can rest assured that your private keys and digital assets are safe and sound.
NOW Wallet supports 26 blockchains and is capable of storing, sending, and receiving all existing tokens built on 7 networks: Ethereum, Binance Smart Chain, Polygon, Avax C-Chain, TRON, Klaytn, and Solana, which translates into more than 450 cryptocurrencies.
By using NOW Wallet, you can maximize your earnings and get rewards on a weekly basis without a bother – by simply depositing the desired amount of NOW, BNB, and/or TRX tokens. Even better, you’ll be able to generate even greater profits and get 1% cashback on each and every transaction you make.
Last but not least, you can use NOW Wallet to collect, display, send and receive rare digital art – NFTs, or even create a collection on your own and have it securely stored on the app.
Pros
- Allows buying and selling crypto via Visa and MasterCards
- Conveniently connects to a wide range of dApps, including OpenSea and Uniswap
- Available on GooglePlay and App Store
Cons
- NOW Wallet doesn’t have their own accounts in socials, utilizing ChangeNOW’s Twitter, Facebook, Reddit and Telegram.
The non-custodial NOW Wallet definitely can provide the ultimate level of flexibility, privacy, and security. Unlike web-based crypto wallets that are responsible for keeping your funds safe, non-custodial wallets eliminate third parties, give you, the owner, control of your private keys and thus, your cryptos and NFTs, and, actually, keep your funds much safer. ChangeNOW truly ticks all of the boxes for both new and seasoned traders that find it one of the best wallets for crypto.
#2 Atomic Wallet
Atomic Wallet is a non-custodial hot crypto wallet that supports over 300 cryptocurrencies users can store, stake, and exchange with absolutely no bother. What is more, by swapping tokens within the app, you’ll be rewarded with a generous 1% cashback. You are not required to make an account to be able to use Atomic Wallet while your private keys are encrypted and never stored by the service.
Pros
- A powerful atomic swap feature
- Available on desktop and mobile devices
- 24/7 customer support
Cons
- A limited number of coins supported
Although Atomic Wallet offers pretty basic functionalities, it’s still more than a decent crypto wallet beginners find very useful and straightforward.
#3 Guarda
Guarda is a top-notch crypto wallet that gives you access to 300+ currencies you can easily buy, store, and stake and thus, earn some extra money from crypto. With Guarda Wallet, you can even stake Ethereum and increase your holdings by 4.8% per year! Guarda is available on desktop and mobile devices so you can easily access your funds and track your portfolio on the go.
Pros
- Plenty of cryptocurrencies supported, including the trendy ones
- Favorable exchange rates
- Compatible with Ledger Nano S
Cons
- Hefty in-app purchase fees
Guarda is among the best crypto wallets out there for holders rather than flippers since it offers up to 40% APY on some coins.
#4 Coinbase Wallet
Coinbase Wallet features a beginner-friendly, intuitive interface that makes it easy to navigate and manage your crypto portfolio. This hot wallet supports over 200 cryptocurrencies as well as digital collectibles – NFTs. It also gives you access to decentralized, in-app exchanges and an option to customize transaction fees. Handy, right?
Pros
- Backed up by one of the largest crypto exchanges
- Easy to set up and use
- Supports a wide range of coins and tokens
Cons
- Not built on open-source code
- Only Bitcoin trading is available
Since it is non-custodial, Coinbase servers do not store your private keys, meaning your cryptos and NFT are safe from cyberattacks.
#5 Ledger Nano X
Ledger Nano X is among the best hardware crypto wallets on the market. You can use it for buying and storing crypto while the Ledger Live app opens an entirely new world of possibilities by allowing you to either lend or stake your coins and earn passive income. This offline crypto wallet comes with a large screen that allows navigating your portfolio in an easy way and has a sleek and elegant matte finish.
Pros
- Supports 5,500 tokens and coins
- Mobile trading capabilities
- Less pricey than some other, popular offline wallets
Cons
- High in-wallet exchange fees
Ledger Nano X ticks all of the boxes for active traders and crypto enthusiasts who like experimenting with various coins.
#6 Trezor Model T
Trezor is a big name in the crypto wallets industry since this brand was the first one to introduce hardware crypto wallets. Their Model T is immensely popular among crypto investors who prefer not to take any risks. It has a robust, old-school stopwatch design and comes with a large display.
Pros
- More than 1,600 cryptocurrencies supported
- Super-easy to set up
- Integration with other Trezor models
Cons
- No Bluetooth connectivity
If you don’t mind paying a little bit extra in order to have your peace of mind and your cryptos stored securely, keep an eye on the Trezor Model T.
#7 Exodus
Exodus is a convenient crypto wallet that features an aesthetic, easy-to-navigate interface. This non-custodial wallet supports a decent range of altcoins – more than 200, while the team is currently working on expanding its functionalities to staking, deposits, and live charts.
Pros
- Built-in exchange
- Customizable fees
- Compatible with Trezor’s One and Model T cold wallets
Cons
- Supports fewer coins compared to other crypto wallets
Not so long ago, Exodus introduced mobile apps for iOS and Android users who are, at the same time, compatible with Trezor’s hardware wallets, which all makes this wallet super-versatile and handy.
#8 Electrum
Electrum is among the top crypto wallets for Bitcoin. In fact, Bitcoin is the currency this wallet supports. Although the team didn’t want to bother with listing other coins, they did some pretty cool stuff on the other hand. Today, Electrum offers a high level of security, a simple verification system, Single address savings accounts, and HD spending accounts.
Pros
- Open-source code
- In-app crypto exchange
- Integration with cold storage wallets, Trezor, Ledger, and KeepKey
Cons
- Not overly suitable for crypto newbies
All in all, Electrum totally makes the grade for experienced Bitcoiners.
#9 Crypto.com
Crypto.com is the superstar of DeFi crypto wallets. It provides a smooth onboarding process, a plethora of DeFi tools that make it relatively easy to earn passive crypto income, and an unmatched level of security. Crypto.com made it convenient to download their wallet without requiring users to signup while the wallet itself can be used as a desktop and a mobile app.
Pros
- Support 700+ tokens across 15+ networks
- Compatible with the hottest DeFi protocols
- Supports NFTs across different blockchains
Cons
- Not so easy to use
- Lack of customer support
#10 MetaMask
MetaMask is probably the best crypto wallet for NFTs, compatible with OpenSea, Rarible, and other marketplaces. This hot wallet for Ethereum is incredibly easy to use, and 30 million monthly active users can certainly prove this. Not only can you use it for NFT transactions but this wallet also lets you exchange, store, and send all ERC-20 tokens (Avalanche, Polygon, etc) and earn interest on more than 35 of them.
Pros
- Access to a myriad of ERC-20 tokens and decentralized apps
- Downloadable as a browser extension and a mobile app
- Built on open-source code
Cons
- No staking options
MetaMask is just great because no information ever touches their servers, which means that it truly gives you full control of your private keys, and, needless to say, your assets.
Summary
Storing cryptocurrencies in a wallet offers a higher level of security than storing them on an exchange. Today, we’ve listed crypto wallets that score high in terms of security, asset management, and ease of use. If NOW Wallet has caught your eye by any chance, feel free to give it a try. We are only a click away – downloading the app costs nothing and requires no registration!
