3 World's Best Crypto Wallets
According to our research and expert testing, we found that the world's best crypto wallets in 2024 are Coinbase Wallet, Exodus and Electrum.
Blockchain technology has made digital financial transactions profitable, efficient and accessible. However, as the number of crypto users has increased, so has the rate of cyber theft related to cryptocurrencies. This is why it is important to understand how cryptocurrency works, how to store it, and what to look for in a crypto wallet, whether digital or physical.
The world's best crypto wallets must be easy to use, secure against theft of funds and support a large number of currencies and tokens.
1# Coinbase - Best Crypto Wallet
Coinbase is a safe and secure platform for buying, trading, and storing cryptocurrencies such as Bitcoin and Ethereum. It is one of the most trusted ways to exchange money, and it uses strong security measures to protect users, including AES-256 encryption, 2FA, and cold asset protection (except offline).
Pros
Cons
Why We Chose It:
Coinbase Wallet is the best crypto wallet in the world right now because it is a smart, beginner-friendly and well-protected wallet from a popular exchange.
Coinbase Wallet is a wallet for beginners with no experience in crypto. The app connects to many major bank accounts and utilities and is designed to be intuitive and easy to navigate, with a simple three-tab layout and well-displayed functionality.
Coinbase wallet can store popular coins, such as Bitcoin, Litecoin, Dogecoin, and BNB, as well as all ERC-20 tokens and tokens on EVM-enabled blockchains, which support more than 5,500 digital assets - l one n 'to make a large number of us. list. It is important to distinguish between Coinbase exchange and Coinbase wallet.
The Coinbase exchange is one of the oldest and most popular crypto exchanges in the United States. Keeping your digital assets in an exchange web wallet makes trading easier, but exposes your coins to dangerous cybersecurity threats.
The Coinbase wallet can be used without opening an account on the exchange, and it is not secure, meaning that the private key is stored on your device, not on Coinbase's servers. This means you don't have to worry about closing your account for any reason or being exposed to a website cyberattack.
Other Highlights:
- Provides optional cloud backup to protect your digital keys
- Allows access to an in-app exchange, which can convert tokens without any intermediary
- Uses the Secure Enclave chip on Android, iOS, iPad and Mac devices to provide biometric authentication (e.g. FaceID, TouchID)
2# Exodus - Second Best Crypto Wallet
Exodus is a crypto wallet that supports more than 260 cryptocurrencies. No account registration is required for Exodus to run locally on your device. You manage your assets through 12 secret recovery phrases and private keys that are generated when you first open your wallet.
Pros
Cons
Why We Chose It:
We chose Exodus as the best small desktop crypto because of its fast transactions, ease of use, and various customer features. Exodus is one of the most attractive and intuitive wallets on the market. Originally a desktop-only wallet, Exodus now has apps for iOS and Android and is compatible with the Trezor wallet, a popular hardware wallet brand.
However, desktop wallet apps – available on Windows, Linux and Mac operating systems – continue to offer wallets and are updated every two weeks. One of the main attractions of Exodus is the number of currencies it supports: over 260 crypto and NFT, a larger number than many other hot wallets.
This includes established altcoins, such as Ether, Litecoin, XRP, and Bitcoin Cash, as well as popular meme coins such as Dogecoin and Shiba Inu. The wallet also has a growing number of products designed to improve the functionality of the wallet, including applications for live graphics, crypto staking, and crypto deposits.
Other Highlights:
- Customizable fees for Bitcoin, Ethereum and ERC20 transactions
- Runs on a light client, meaning it uses simple payment verification and doesn’t download complete blockchains in order to speed up transactions
3# Electrum - Third Best Crypto Wallet
Electrum takes one of the most secure ways to store your Bitcoin. Electrum uses a highly secure encryption method to store the private keys of its users' wallets. Users still control their keys and can export them and use them in other supported Bitcoin wallets if needed.
Pros
Cons
Why We Chose It:
Electrum is the third best Bitcoin wallet because of its security features and high level of processing. Founded in 2011, Electrum is one of the oldest and most popular crypto wallets today. It is also one of the remaining crypto wallets that only works with Bitcoin, the Electrum currency is fully supported.
The wallet supports several strong security features, including 2FA, transaction verification, and support for signature wallets. In addition, users can adjust their fees based on how long they are willing to wait for the transaction to complete: pay more and your transaction will be faster.
One of the biggest assets of the wallet is that it uses a special customer. Small clients can be set up in minutes and take up less space than traditional wallet clients on your computer. Using Simple Payment Verification (SPV), the wallet downloads part of the blockchain, which speeds up transactions without compromising security.
Other Highlights:
- Integration with hardware wallets (KeepKey, Ledger, Trezor) for cold storage
- Supports both standard deterministic accounts and Hierarchical Deterministic (HD) accounts
- An open-source wallet, meaning its code is available for review, helps build trust with consumers
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