The 10 Best Cryptocurrency Wallets in April 2024
Wondering what the best cryptocurrency wallet for you is? In this guide, weâll break down the best software and hardware wallets for investors in 2024.Â
The best software walletsÂ
Coinbase WalletÂ
Best for BeginnersÂ
Coinbase Wallet is a mobile app and browser extension wallet made by Coinbase, one of the worldâs biggest cryptocurrency exchanges. The wallet allows you to buy crypto directly from Coinbase, easily transfer crypto from your Coinbase account, interact with DeFi protocols, and store hundreds of different cryptocurrencies!Â
Price: Free
Cryptocurrencies: Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Stellar Lumens, Ripple, and Solana
Rating: 4.8 starsÂ
Why didnât Coinbase Wallet get a higher rating?: Currently, Coinbase Wallet only supports 8 blockchains. In addition, while Coinbase Wallet allows users to self-custody their crypto and is a separate product from the Coinbase exchange, some crypto investors prefer to steer clear of products made by centralized exchanges entirely.
Learn more about Coinbase here.
MetaMaskÂ
Best for EthereumÂ
MetaMask is a popular mobile wallet and browser extension. MetaMask is well-known for its easy-to-use user interface â itâs one of the most popular wallets for investors looking to experiment with NFTs and DeFi protocols on Ethereum.Â
Price: Free
Supported blockchains: Ethereum, ERC-20 tokens, and Layer 2 solutions like Polygon!Â
Rating: 4.8 starsÂ
Why didnât MetaMask get a higher rating?: MetaMask has shown no plans to start supporting cryptocurrencies that are not EVM-compatible â such as Bitcoin and Cardano.
GuardaÂ
Best for cryptocurrency selectionÂ
Guarda Wallet is available on desktop, mobile, and browsers! Guarda is known for supporting many different types of blockchains and crypto-assets. According to Guardaâs website, the wallet supports more than 400,000 cryptocurrencies! Unlike the other wallets on this list, Guarda currently does not support NFTs.Â
Price: Free
Supported blockchains: 50+ blockchains including Bitcoin, Ethereum, Cardano, and Solana!Â
Rating: 4.2 stars
Why didnât Guarda get a higher rating?: Guardaâs built-in exchange charges relatively high fees (3.5%).
Crypto.com DeFi WalletÂ
Best for DeFi stakingÂ
The Crypto.com DeFi Wallet is great for investors who are looking to dip their toes in DeFi. The Crypto.com DeFi wallet integrates with your Crypto.com exchange account â allowing you to easily transfer cryptocurrency between the two platforms. The wallet also offers features like staking rewards on multiple cryptocurrencies and an Ethereum gas tracker!Â
Price: Free
Supported blockchains: 30+ blockchains including Ethereum, Bitcoin, and Crypto.com blockchain!Â
Rating: 4.2 starsÂ
Why didnât Crypto.com get a higher rating?: Some investors may not want to use a wallet created by a centralized exchange. Also, the Crypto.com DeFi wallet charges a 0.05% service fee on staking rewards.
Trust WalletÂ
Best for Binance and Binance.US usersÂ
Trust Wallet is a software wallet created by Binance. The wallet offers interoperability with Binance and Binance.US â making it easy to trade and transfer your assets between the Binance exchange and Trust Wallet!Â
Price: Free
Supported blockchains: 70 supported blockchains including Bitcoin, Ethereum, Solana, and Litecoin!Â
Rating: 4.2 starsÂ
Why didnât Trust Wallet get a higher rating?: Trust Wallet does not support some of the security features that other wallets offer â such as two-factor authentication through an authenticator app. In addition, some investors may not wish to use wallets created by a centralized exchange.Â
ExodusÂ
Best for customer supportÂ
Exodus is a beginner-friendly cryptocurrency wallet available on desktop and mobile. Exodus supports more than 300 crypto-assets! The wallet also features an in-built exchange as well as chat and email support for users!Â
Price: Free
Supported cryptocurrencies: 364 supported cryptocurrencies including Bitcoin, Ethereum, and Solana.Â
Rating: 4.1 starsÂ
Why didnât Exodus Wallet get a higher rating?: Exodus is a closed source software and does not support two-factor authentication.
ZenGoÂ
Best for easy account recoveryÂ
ZenGo is one of the most user-friendly wallets on the market. ZenGo has a killer feature: each wallet has two âmathematical secret sharesâ â one for the user and one on the companyâs server. This means that unlike other wallets, youâll be able to recover your ZenGo wallet if you lose access to your ZenGo private keys.Â
Price: Free
Supported blockchains: Bitcoin, Ethereum, Dogecoin, and more!Â
Rating: 4.1 stars
Why didnât ZenGo get a higher rating?: Some customers complain that ZenGo transfers take longer than other crypto wallets, and that ZenGoâs best security features are only available to paying customers.
The best hardware walletsÂ
LedgerÂ
Best hardware wallet for hot wallet integrationÂ
Ledger is one of the worldâs most popular hardware wallets. Ledger supports more than 5,000 cryptocurrencies and can integrate with software wallets like MetaMask and Guarda. Ledgerâs cheapest model, the Ledger Nano S Plus, costs $79.Â
Price: $79 for cheapest modelÂ
Supported cryptocurrencies: Bitcoin, Ethereum, Binance Smart Chain, Cardano, Solana, and 5,000+ more cryptocurrencies!
CoinLedger rating: 4.8 starsÂ
Why didnât Ledger get a higher rating: Ledger operates on closed-source software.
TrezorÂ
Best hardware wallet for securityÂ
Trezor is one of the cheapest hardware wallets on the market â with the Trezor One costing just $69! Currently, Trezor supports around 1,000 cryptocurrencies. Unlike Ledger, Trezor does not integrate with hot wallets.Â
Price: $69 for cheapest modelÂ
Supported cryptocurrencies: Bitcoin, Ethereum, Binance Smart Chain, Cardano, Solana, and 1,000+ other cryptocurrencies!Â
CoinLedger rating: 4.2 starsÂ
Why didnât Trezor get a higher rating: Some customers complain that Trezorâs plastic body feels fragile. In the past, security firms have claimed that they found exploits to physically hack into a Trezor wallet.
KeepKeyÂ
Best hardware wallet for priceÂ
KeepKey is one of the cheapest hardware wallets on the market. KeepKey wallets are frequently on sale â with the KeepKey Hardware Wallet sold for as low as $49! However, KeepKey wallets only support around 40 cryptocurrencies â meaning itâs not a good choice if youâre looking for storage for altcoins.Â
Price: $49 for cheapest modelÂ
Supported cryptocurrencies: Bitcoin, Ethereum, Litecoin, and dozens more!Â
CoinLedger rating: 3.6 starsÂ
Why didnât KeepKey get a higher rating: Customers report that KeepKeyâs hardware is lower quality than other cold wallets. Also, KeepKey supports a limited amount of cryptocurrencies than other cold wallets.
What is a crypto wallet?Â
Cryptocurrency wallets are applications that allow you to securely store, send, and receive cryptocurrencies.
Why do I need a custodial wallet?Â
Many cryptocurrency advocates use the phrase âNot your keys, not your cryptoâ. This phrase essentially says that if your cryptocurrency is stored on an exchange, you are not the true owner of the crypto.Â
While cryptocurrency exchanges offer a convenient way to trade and store cryptocurrency holdings, you may lose access to your crypto if your account is frozen, the security of the exchange is breached, or the exchange goes bankrupt.Â
In recent years, crypto investors have lost access to their holdings after exchanges like BlockFi and Voyager filed for bankruptcy.
How does a crypto wallet work?Â
A cryptocurrency wallet consists of public keys and private keys. Public keys are similar to bank account numbers â they show your cryptocurrency balance without compromising the security of your account. Meanwhile, private keys allow the wallet owner to access their cryptocurrency and sign off on transactions.
What type of wallet should I choose?Â
Not sure what type of wallet is right for you? Letâs walk through the differences between hot and cold wallets.Â
- Hot wallet: A hot wallet is a wallet thatâs connected to the Internet. These types of wallets can make it easier to perform specific actions such as trading NFTs and accessing DeFi protocols.Â
- Cold wallet: A cold wallet (or hardware wallet) generates and stores your private keys offline. Cold wallets eliminate the risk of someone hacking your online wallet and stealing your cryptocurrency.Â
What to consider when choosing a walletÂ
Here are a few factors to keep in mind before you choose a cryptocurrency wallet.Â
Reputation: Unfortunately, scams and hacks are rampant in the cryptocurrency space. Itâs important to choose a cryptocurrency wallet with a solid reputation.Â
Purpose: Before you choose a wallet, itâs important to understand why youâre in the market for a cryptocurrency wallet in the first place. The best wallet for you may differ based on your unique needs. For example, a hot wallet like MetaMask may be a good fit if youâre looking to experiment with decentralized protocols, while a cold wallet might be a good fit if youâre simply looking to hold your cryptocurrency for the long-run.Â
Blockchains supported: Before you choose a wallet, take a look at the list of supported blockchains to make sure your crypto-assets can be supported.Â
What type of security features should I look for?Â
Unfortunately, hacks and scams are rampant in the cryptocurrency space. Here are a few security practices to keep your wallet safe.Â
Watch out for phishing scams: âPhishingâ is a common scam in the cryptocurrency space â which usually involves hackers using a suspicious link to gain access to your crypto. Be careful before clicking any links you receive online.Â
Keep your private keys safe: Remember, your private keys can be used to access your wallet. They should be stored in a safe place â not on an Internet-connected device!Â
Consider a hardware wallet: If youâre willing to spend money, you should consider getting started with a hardware wallet like Ledger. Since hardware wallets store your private keys offline, they are considered the gold standard for security. Hardware wallets can integrate with software wallets â allowing you to securely interact with decentralized applications.Â
How do I track value of my crypto across different wallets?Â
If youâre like most crypto investors, youâre likely using multiple wallets and exchanges. Unfortunately, this can make tracking the total value of your holdings difficult â as youâll need to flip between multiple platforms.Â
Thatâs where a crypto portfolio tracker can help. CoinLedger connects to hundreds of wallets and exchanges â giving you a real-time look at your crypto portfolio!Â
Frequently asked questions
- What is a crypto wallet?Â
A cryptocurrency wallet allows you to store, send, and receive cryptocurrency easily and securely.Â
- Which is the best crypto wallet?Â
The best crypto wallet for you may differ depending on your specific needs. Coinbase Wallet is good for beginner investors looking for a software wallet with a wide range of supported cryptocurrencies.Â
- What is the most secure wallet for crypto?Â
Hardware wallets like Ledger and Trezor are great options for investors looking for secure storage!
- Which crypto wallet has the lowest gas fees?Â
In most cases, youâll pay relevant blockchain gas fees on trades and transactions. Most cryptocurrency wallets do not charge separate fees.Â
- Should I put my crypto in a wallet?
Putting your cryptocurrency in a self-custody wallet is considered the best option for security. In the past, investors have lost crypto stored in exchanges due to hacks and bankruptcies.