The 12 Best Bitcoin Wallets in 2022

A BTC wallet is a piece of software or a physical device that stores bitcoins. It can be thought of a little like a regular wallet, or a bank account. Pros 👍Guarda allows users to store funds on desktop, mobile, and web browsers.

Tools & Features

Being a physical object, cold wallets can still be lost or stolen, so it’s important to store your cold wallet securely. For more advanced users, Mycelium supports QR codes, allows you to set custom transaction fees and offers compatibility with hardware wallets from Trezor, Ledger and KeepKey. SafePal ticks many boxes—it supports all major cryptocurrencies by market cap and popular stablecoins like Dai (DAI) and TrueUSD (TUSD). One major perk of this cold storage option is its integration with crypto exchange Binance.

• Notably, the wallet may incur high transaction fees on its in-wallet crypto exchange, potentially impacting users seeking cost-effective trading options.
• If you’ve never used cryptocurrency before, we recommend Coinbase Wallet.
• It is more limited in terms of the coins it can store but promises to add more soon.
• These are typically servers at the wallet manufacturer’s location or the wallet’s back-end exchange.
• The bad news is that Jaxx trails most of the competition in terms of security.
• It has 2.70 million shares outstanding and offers a dividend yield of 11.53%, with a trailing twelve-month dividend of $2.23.

NGRAVE ZERO – Air-Gapped Crypto Hardware Wallet With Military-Grade Construction

• The alternative would be closed source, in which we don’t know what the software really does, what security flaws it may have, or if it phones home with sensitive transaction details.
• Cons 👎Setups can be complicated for hardware devices, and these crypto wallets are arguably for more advanced users.
• The integrated Ledger Live platform, which is easy to learn and use, supports more than 5,500 coins and tokens including bitcoin, ether and XRP.
• Of course, you also need to take basic security precautions, such as keeping credentials and pin numbers safe and protecting your device.
• Some of the differences are that it is mobile only, has a more refreshed user interface than Electrum, and has a built-in exchange.

Ledger Live is supported on Apple and Google mobile devices as a browser extension and also has desktop software, allowing trading from home or on the go (if using the Nano X). Having your Bitcoin in a personal wallet, be it hot or cold, offers additional security that helps Best Bitcoin Wallets prevent theft, while still allowing you to actively purchase, sell, and swap cryptocurrencies. Exodus is a free platform that has 24/7 customer service, custom tokens, and easy market trading. You can stake crypto through Exodus’ mobile, desktop, and browser platforms.

Best Crypto Hardware Wallets in 2024

To help the crypto curious make a more informed decision, we purchased a handful of popular wallets, reviewing what they do and how they work. You can scroll down for detailed directions on how to use a crypto wallet. The best crypto hard wallet will vary depending on individual needs and preferences. Your public key, on the other hand, is what you share with senders or recipients, and allows people to send Bitcoin to your wallet address (a hashed version of your public key). This information is often in the form of a QR code that can be scanned when you want to access your bitcoin. Although this seems rudimentary, it’s actually considered the safest possible way to store your bitcoin as it’s completely offline.

The classic hardware wallet

The mobile app and cryptocurrency exchange are streamlined and intuitive to use. Our crypto wallet combines security, convenience and ease of use to make one of the best crypto wallets on the market. Software wallets offer much greater convenience as your keys are stored online and you can access your funds from anywhere. They are generally easier to use and set up than a hardware wallet. However, their constant online connection makes them more vulnerable to cyberattacks. Some BTC wallets are non-custodial, meaning you don’t have control of the private keys.

Do I need a crypto wallet?

The Mycelium wallet is noncustodial, so you’ll have sole access to your private key and PIN. This wallet is also the only hot storage wallet on our list that’s completely open-source. Just like other wallets, as long as you keep the private key safe, you won’t lose your crypto assets — even if you lose your wallet. Trezor Suite is designed to run natively on your desktop, https://www.tokenexus.com/is-eos-better-than-ethereum-or-not/ which generally provides greater security than a web-based app, though you can also access Trezor Suite through the company’s website. Trezor wallets currently support more than 1,800 coins and tokens, and you can make transactions directly in Trezor Suite with the company’s integrated exchange. If you’re new to cryptocurrency, the Coinbase Wallet is a good place to start.

But Android phone owners are fine, as long as they have an appropriate cable or dongle. I was able to connect the Ledge Nano S to my Google Pixel with an ordinary USB-C dongle. Heck, people are still trying to claw back losses from the 2014 attack on the vaunted Mt. Gox exchange, which resulted in the loss of some 744,000 bitcoins, worth nearly $30 billion today. One scheme even managed to net more than $3 million in stolen bitcoin gold.

Trezor: 4 out of 5 stars

• Working out which Bitcoin wallet is right for you can be a daunting undertaking; there are a lot of options out there, each with their own advantages and disadvantages.
• This solution is still a basic storage-only app, with no added features such as a debit card, bank account number, or affiliate program.
• Using a hot wallet managed by a third-party custodian could be a problem if the company goes out of business.
• Anyone getting into cryptocurrency should also refrain from riskier crypto trading practices, such as lending currencies, to generate revenue.
• This indicates a sustained increase in the number of smaller addresses acquiring and holding Bitcoin, despite the upward trend in prices.
• I was able to connect the Ledge Nano S to my Google Pixel with an ordinary USB-C dongle.