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Author Topic: Top 10 Best Cryptocurrency Wallets  (Read 2164 times)
kevinzxz
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January 10, 2021, 05:23:49 AM
Last edit: January 11, 2021, 12:40:30 PM by kevinzxz
 #161

What is a cryptocurrency wallet?
A cryptocurrency wallet is a safe digital wallet used for storing, sending, and receiving digital currency like Bitcoin. Most of the coins have an official wallet or a few officially recommended third-party wallets. In order to use any of the cryptocurrencies, you will need to use a cryptocurrency wallet. Cryptocurrency itself is not “stored” in a wallet actually. Instead, a private key (secure code known to you and your wallet) is stored that shows ownership of a public key (a digital code connected to a specific amount of currency). Therefore, your wallet stores your private and public keys, allows you to receive and send coins, and also acts as a personal ledger.
More and more cryptocurrencies are evolving with a specific set of uses, and so are the wallets, but there are wallets which can store multiple cryptocurrencies, also.

1 Hardware Wallets

Hardware wallets are physical devices that store private keys offline. They are connected to the computer to sign in and gain access to the blockchain. This being offline ensures the private keys never leave the device

#1.1 Ledger Nano S

Ledger Nano S is a USB sized crypto hardware wallet which is best for most of the altcoin transactions. It is multiple asset hardware which looks like a folding flash drive. The advantage is that it can store more than 40 other digital currencies.

Paper Wallet
Paper Wallets are normal documents in the form of paper, where you can store your private keys. The software application will typically generate the keys, which can be printed using an offline printer.
#1.2 Trezor
Trezor is a hardware altcoin wallet which also acts like a USB device, which operates mainly on “Zero Trust Approach”, which cuts down the compromise by a third party. It is one of the best multiple cryptocurrency wallets as per cryptocurrency wallet reviews.
Pros: Trezor is protected by a password or a PIN and provides you with recovery seed if your wallet is lost. It’s easy-to-use interface and hack and theft free characteristic makes it fall under the top cryptocurrencies list.
Cons: It limits its communication with other devices and when the USB device isn’t connected, it’s turned off.

#1.3 Keep Key
Keep Key secures Bitcoin, Ethereum, Litecoin, Dogecoin, Dash, and Namecoin. They claim to be virus or malware proof, and assets are secured from hackers. Keep Key is a Bitcoin hardware wallet with advanced security against virtual and physical theft. Now, a lower price tag means more users can give it a try. In addition to Bitcoin, the wallet enables the storage and transaction of a variety of cryptocurrencies.KeepKey integrates with the software wallet on your computer by taking over a private key generation, a private key storage, and transaction signing.

Pros: Its top-notch security almost makes it impossible for hackers to steal the private key. It is attractive, professionally designed OLED display makes using the device easier than other similar products.

Cons: A lack of web wallet means users must add software such as Electrum or MultiBit to make use of its applications. The setup process is fairly straightforward but doesn’t allow users to save their progress.

#2 Desktop Wallets

Desktop wallets are the ones which are stored on either your laptop or desktop computers. The private keys reside on the computer’s local hard drive. These wallets are not secure like hardware or paper wallets since computers are susceptible to thefts and cyber-attacks which can lead to stolen private keys. The desktop wallet versions include Windows, Mac, Linux. Some of the best desktop wallets are Exodus and Electrum.

#2.1 Exodus

Exodus is a desktop supported cryptocurrency wallet which supports nearly three dozen cryptocurrencies including Litecoin, Dash, Zcash, Ethereum among the popular ones.

Pros: As Exodus is a lite wallet, you don't have to store the entire blockchain in your desktop.

2.2  Electrum Wallet
Electrum was initially known for supporting Bitcoin, but now it forked the Electrum wallet codebase to supporting altcoins and made some adjustments so that it becomes compatible with the Verge blockchain. Electrum Wallet is a lightweight and easy cryptocurrency soft wallet to store your cryptocurrency holdings securely

#3 Online Wallets
To be honest, Online wallets are the least secure wallet as they are owned by third parties, that store your private keys. One good thing about an online wallet is that you can access it from anywhere, from any device via the internet. Ideally, online wallets are used for regular transfers and active trading and are available in chrome and firefox versions. Guarda qualifies as one of the best online wallets.

#3.1 Guarda

Guarda is the first multi cryptocurrency wallet, that supports the most popular crypto coins and tokens including BTC, ETH (+ERC20 tokens), ETC, Zcash, Ripple, DASH, latest EOS, and other multiple altcoins. It is known to be safe and reliable and can be easily handled from any device, hence regarded as one of the best cryptocurrency wallets for all coins.
#4 Mobile Wallets
Mobile wallets are one of the most convenient types of wallet for fast and easy trading. Most mobile wallets usually have an accompanying desktop app, hence the same security rules apply here. There are mostly two versions: Android and ios. Mobile wallets are ideal for small purchases. Jaxx and Mycelium are some of the examples of mobile wallets.

#4.1 Jaxx

Jaxx is relatively a new crypto which believes in simplifying the blockchain and attracting the masses to its unique selling proposition. Jaxx is a multi-chain wallet which offers support for dozens of altcoins, namely Ethereum, Dash, Ethereum Classic, DAO, Litecoin, Bitcoin Cash, REP and many more.

#4.3 Infinito Wallet

Infinito Wallet is the first universal cryptocurrency wallet in the world which provides easy and fast application access with utmost security and 24/7 maintained and regularly updated gateway to the blockchain, allowing fast transactions. It also helps the user by storing the list of frequent address for hassle-free transactions and even includes messages with transactions for improved record keeping. It is available on both Android and ios devices.


Read here al the details about wallet: https://coinswitch.co/news/top-10-cryptocurrency-wallets-to-look-forward-to-2019

from the list of the best cryptocurrency wallets in your opinion, I've only used Electrum to store my Bitcoin and in my opinion Electrum is indeed a very good wallet and easy to use (simple), besides that you can have many Bitcoin address in one wallet, but on the list of mobile wallet, I don't see Trust Wallet, even though in my opinion Trust Wallet can be the best recommendation for mobile wallet, because it's easy to use, simple and can store many types of cryptocurrency (Bitcoin, ERC20, BEP20, TRC10, TRC20, and still many more), then besides that you can use dapps on Trust Wallet (such as uniswap, pancake, 1inch), so in my opinion Trust Wallet is the best mobile wallet for now.

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January 10, 2021, 05:32:03 AM
 #162

What is a cryptocurrency wallet?
A cryptocurrency wallet is a safe digital wallet used for storing, sending, and receiving digital currency like Bitcoin. Most of the coins have an official wallet or a few officially recommended third-party wallets. In order to use any of the cryptocurrencies, you will need to use a cryptocurrency wallet. Cryptocurrency itself is not “stored” in a wallet actually. Instead, a private key (secure code known to you and your wallet) is stored that shows ownership of a public key (a digital code connected to a specific amount of currency). Therefore, your wallet stores your private and public keys, allows you to receive and send coins, and also acts as a personal ledger.
More and more cryptocurrencies are evolving with a specific set of uses, and so are the wallets, but there are wallets which can store multiple cryptocurrencies, also.

1 Hardware Wallets

Hardware wallets are physical devices that store private keys offline. They are connected to the computer to sign in and gain access to the blockchain. This being offline ensures the private keys never leave the device

#1.1 Ledger Nano S

Ledger Nano S is a USB sized crypto hardware wallet which is best for most of the altcoin transactions. It is multiple asset hardware which looks like a folding flash drive. The advantage is that it can store more than 40 other digital currencies.

Paper Wallet
Paper Wallets are normal documents in the form of paper, where you can store your private keys. The software application will typically generate the keys, which can be printed using an offline printer.
#1.2 Trezor
Trezor is a hardware altcoin wallet which also acts like a USB device, which operates mainly on “Zero Trust Approach”, which cuts down the compromise by a third party. It is one of the best multiple cryptocurrency wallets as per cryptocurrency wallet reviews.
Pros: Trezor is protected by a password or a PIN and provides you with recovery seed if your wallet is lost. It’s easy-to-use interface and hack and theft free characteristic makes it fall under the top cryptocurrencies list.
Cons: It limits its communication with other devices and when the USB device isn’t connected, it’s turned off.

#1.3 Keep Key
Keep Key secures Bitcoin, Ethereum, Litecoin, Dogecoin, Dash, and Namecoin. They claim to be virus or malware proof, and assets are secured from hackers. Keep Key is a Bitcoin hardware wallet with advanced security against virtual and physical theft. Now, a lower price tag means more users can give it a try. In addition to Bitcoin, the wallet enables the storage and transaction of a variety of cryptocurrencies.KeepKey integrates with the software wallet on your computer by taking over a private key generation, a private key storage, and transaction signing.

Pros: Its top-notch security almost makes it impossible for hackers to steal the private key. It is attractive, professionally designed OLED display makes using the device easier than other similar products.

Cons: A lack of web wallet means users must add software such as Electrum or MultiBit to make use of its applications. The setup process is fairly straightforward but doesn’t allow users to save their progress.

#2 Desktop Wallets

Desktop wallets are the ones which are stored on either your laptop or desktop computers. The private keys reside on the computer’s local hard drive. These wallets are not secure like hardware or paper wallets since computers are susceptible to thefts and cyber-attacks which can lead to stolen private keys. The desktop wallet versions include Windows, Mac, Linux. Some of the best desktop wallets are Exodus and Electrum.

#2.1 Exodus

Exodus is a desktop supported cryptocurrency wallet which supports nearly three dozen cryptocurrencies including Litecoin, Dash, Zcash, Ethereum among the popular ones.

Pros: As Exodus is a lite wallet, you don't have to store the entire blockchain in your desktop.

2.2  Electrum Wallet
Electrum was initially known for supporting Bitcoin, but now it forked the Electrum wallet codebase to supporting altcoins and made some adjustments so that it becomes compatible with the Verge blockchain. Electrum Wallet is a lightweight and easy cryptocurrency soft wallet to store your cryptocurrency holdings securely

#3 Online Wallets
To be honest, Online wallets are the least secure wallet as they are owned by third parties, that store your private keys. One good thing about an online wallet is that you can access it from anywhere, from any device via the internet. Ideally, online wallets are used for regular transfers and active trading and are available in chrome and firefox versions. Guarda qualifies as one of the best online wallets.

#3.1 Guarda

Guarda is the first multi cryptocurrency wallet, that supports the most popular crypto coins and tokens including BTC, ETH (+ERC20 tokens), ETC, Zcash, Ripple, DASH, latest EOS, and other multiple altcoins. It is known to be safe and reliable and can be easily handled from any device, hence regarded as one of the best cryptocurrency wallets for all coins.
#4 Mobile Wallets
Mobile wallets are one of the most convenient types of wallet for fast and easy trading. Most mobile wallets usually have an accompanying desktop app, hence the same security rules apply here. There are mostly two versions: Android and ios. Mobile wallets are ideal for small purchases. Jaxx and Mycelium are some of the examples of mobile wallets.

#4.1 Jaxx

Jaxx is relatively a new crypto which believes in simplifying the blockchain and attracting the masses to its unique selling proposition. Jaxx is a multi-chain wallet which offers support for dozens of altcoins, namely Ethereum, Dash, Ethereum Classic, DAO, Litecoin, Bitcoin Cash, REP and many more.

#4.3 Infinito Wallet

Infinito Wallet is the first universal cryptocurrency wallet in the world which provides easy and fast application access with utmost security and 24/7 maintained and regularly updated gateway to the blockchain, allowing fast transactions. It also helps the user by storing the list of frequent address for hassle-free transactions and even includes messages with transactions for improved record keeping. It is available on both Android and ios devices.


Read here al the details about wallet: https://coinswitch.co/news/top-10-cryptocurrency-wallets-to-look-forward-to-2019

If we consider cold wallets, then my choice is Trezor. Moreover, if in 2017, when I ordered it, it was rather difficult to obtain it, now even in my city they are sold in the public domain. By the way, Trezor has a new model, who knows it differs significantly from the first model?

But storing all cryptocurrency only on a cold wallet is not very convenient, therefore, in any case, you cannot do without METAMASK.

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January 10, 2021, 07:00:33 AM
 #163

All these wallets have one same thing in common, that's the private keys and recovery seeds, mobile wallet, paper wallet, hardware wallets, software wallets, it's all down to keeping the private key and recovery seeds safe, if you can't do that your assets will get stolen

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January 10, 2021, 07:02:14 AM
 #164

Guys, I bought coins on crypto.com, and it has an own app too, and wallet, but when I logged in, the app did not showed to save any private keys, like binance, or trust wallet. Is this secure storing my coins in this crypto.com app? Or should I open trust wallet rather?
That's the difference, do not use any crypto wallet app that faliled to give it's users their private keys or recovery seed, it's same sad news with coinbase wallet, stay away or risk losing all your digital currency, such wallets with no private keys are just online wallets

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January 10, 2021, 07:11:50 AM
 #165

All these wallets have one same thing in common, that's the private keys and recovery seeds, mobile wallet, paper wallet, hardware wallets, software wallets, it's all down to keeping the private key and recovery seeds safe, if you can't do that your assets will get stolen
Dude, maybe you are seeing those wallets are the same consider from what kind of features that already offered by them but they are different in term of security. If you are seeing 2fa or password verification as the security standard and you may wrong about that. A few times the ledger has been getting hacked and the users were loosing their money.
It means if the code, security audir and feature will make these wallet become different from one to each other.
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January 10, 2021, 07:27:35 AM
 #166

Guys, I bought coins on crypto.com, and it has an own app too, and wallet, but when I logged in, the app did not showed to save any private keys, like binance, or trust wallet. Is this secure storing my coins in this crypto.com app? Or should I open trust wallet rather?
That's the difference, do not use any crypto wallet app that faliled to give it's users their private keys or recovery seed, it's same sad news with coinbase wallet, stay away or risk losing all your digital currency, such wallets with no private keys are just online wallets
Not your keys not your cryptos but still you can't simply trust every wallet which gives private keys because there are some wallets available which are not open source but still gives private keys these are custodian wallets and you don't have complete control over there. The article posted by OP is outdated because some wallets in the list are turning out to become full of bugs.

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January 10, 2021, 11:13:18 AM
 #167

In my opinion, the best cryptocurrency wallets are hardware wallets where we fully control the coins we have. Because private keys can be
stored offline and only we know, so it is almost impossible to hack if we are correct in storing the private keys. In my 2 years of using hardware
wallets, I have never had a problem and it is very safe that I have never had a bad thing. So my advice is to use hardware wallets to store your
crypto, so you can avoid hackers.

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January 10, 2021, 12:35:06 PM
 #168

MetaMask is not on your list? Why? I think MetaMask is one of the best wallet and I also use MetaMask until now, because I think MetaMask is very easy to use and safe (I never had any problems while using MetaMask), therefore I think MetaMask should be on your list as the best cryptocurrency wallet.
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January 10, 2021, 01:41:12 PM
 #169

Of many different wallet, I love the 3 wallets offered by electrum, they allow a lot of flexibility for users. And myetherwallet or Metamask are great for Ethereum and ERC20 tokens. Metamask has improved a lot as a browser extension while Myetherwallet have made an impressive mobile app. Exodus and Atomic wallet are also a good option for multi wallet where you still control your private keys.
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January 10, 2021, 02:49:05 PM
 #170

I also use Trezor Model One as a cold wallet for this list, I really like the wallet, but it has drawbacks, you can connect a limited number of cryptocurrencies to it, and new coins are practically not added to it

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January 10, 2021, 05:20:45 PM
 #171

As bounty hunter I am still use online wallet for receiving coin from bounty campaign and save my assets, some time after selling coins I withdraw and become cash money because looks afraid if holding long time assets on wallet, maybe I will hold few days before withdraw all my assets, hard wallet never I use because I only hold coin on exchange wallet and just put it on trust wallet or metamask wallet.
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January 10, 2021, 07:10:53 PM
 #172

I prefer to use Hardware wallets to hold Altcoins, and online-based wallets (Desktop, Web Wallet, and APP). This makes it easy for me to open in any place. Paper wallets are hard for me to store.
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January 10, 2021, 09:04:25 PM
 #173

Any suggestion for latest  hard wallet for all crypto?

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January 10, 2021, 09:18:10 PM
 #174

I believe that the choice of wallet primarily depends on the amount of assets that you have. if you have a large cryptocurrency portfolio which is equivalent to tens of thousands of dollars, then, of course, it is better to buy a ledger. This is the most optimal wallet for saving your funds.
I totally agree on this, I don't think anyone with the right mind would buy a ledger wallet just to store a $100  worth of crypto, the same way it's unsafe to store a large amount of crypto in a mobile wallet, cause the mobile phone might get hacked easily or stolen by petty thieves on a street, so the bigger the amount of crypto the more security is needed to safe guard it, so yeah the choice of wallet is determined by the amount that will be stored in it.

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January 10, 2021, 09:49:19 PM
 #175

As bounty hunter I am still use online wallet for receiving coin from bounty campaign and save my assets, some time after selling coins I withdraw and become cash money because looks afraid if holding long time assets on wallet, maybe I will hold few days before withdraw all my assets, hard wallet never I use because I only hold coin on exchange wallet and just put it on trust wallet or metamask wallet.
I am also a metamask and trust wallet user, for me it is quite effective and safe, because we have the key, as long as we keep each PK well, it can be ascertained safe
It is not recommended to use an exchange wallet for long-term storage, so if it is only temporarily for trading purposes it is not a problem.

Any suggestion for latest  hard wallet for all crypto?
I think Trezor and ledger nano are still the favourites for this Smiley

Quoting from investopedia, here are some wallet recommendations of various types
Exodus: Best Hot Wallet for Beginners
Electrum: Best Hot Wallet for Advanced Users
Mycelium: Best Hot Wallet for Mobile Users
Ledger Nano X: Best Hardware Wallet (Cold Wallet)
Trezor Model T: Best Hardware Wallet For a Large Number of Cryptocurrencies (Cold Wallet)
Ledger Nano S: Best Bang For Your Buck Hardware Wallet (Cold Wallet)[/quote]

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Rexler
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January 10, 2021, 09:55:10 PM
 #176

I just only use myetherwallet, trust wallet, and blockchain wallet. Using these three i guess I can hold anything or any kind of token even not an erc20 coins. Well these are safe i never experience of hacking acticities, there is no kind of bad issues about these wallet. You can assure your safety while storing a big amount of money
I like your pick, although I only make use of two there which are trust wallet and blockchain wallet, have been making use of trust wallet for as long as I can remember and it has been serving me real well as it is a multi coin wallet supporting several types of tokens, I also make use of Blockchain wallet for long term holdings, but I can't guarantee if they safe enough to handle huge amounts of money, these wallets are only good for handling small amount of money, ledger wallet is the best to use to if the money is huge.

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January 14, 2021, 07:50:58 PM
 #177

This is a great article, but I am comfortable with Trust Wallet, had no issue since I have been suing it.

In my opinion the most reliable place to store cryptocurrency is the usual good wallets like Electrum etc. But it is best to sell coins with the help of reliable exchanges that can be found through monitoring with a good reputation. Everyone will find their own best way to store tokens.
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January 14, 2021, 10:32:08 PM
 #178

I believe that the choice of wallet primarily depends on the amount of assets that you have. if you have a large cryptocurrency portfolio which is equivalent to tens of thousands of dollars, then, of course, it is better to buy a ledger. This is the most optimal wallet for saving your funds.
This is absolutely true, the wallet that you want to use depends on you to choose. There are some wallets that are giving some little rewards when you start to verify your account. There are lots of wallets that you can use but not all of them are good because there is still a scam wallet and that is a big problem for you, you might lose your money. Try reading on some reviews by searching it, choose what is the best wallet, and try to choose that wallet that is safe and secure.
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January 14, 2021, 10:35:36 PM
 #179

This is a great article, but I am comfortable with Trust Wallet, had no issue since I have been suing it.

In my opinion the most reliable place to store cryptocurrency is the usual good wallets like Electrum etc. But it is best to sell coins with the help of reliable exchanges that can be found through monitoring with a good reputation. Everyone will find their own best way to store tokens.

Electrum is really a good one to store your bitcoin especially if you have small amount of space in your computer. You don't need large amount of space unlike with bitcoin core. Don't trust wallets that are owned by certain organizations. They are in control of your funds not you. Remember, if you have no keys, not your coins.
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January 15, 2021, 07:48:10 AM
 #180

I am only use myetherwallet, trust wallet, and blockchain wallet. Using these three i guess I can hold anything or any kind of token even not an erc20 coins. Well these are safe i never experience of hacking acticities, there is no kind of bad issues about these wallet. You can assure your safety while storing a big amount of money.
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