By admin Store your cryptocurrencies in a wallet that you control—not an exchange. This will reduce the risk of losing your funds due to an exchange hack or insolvency.
Noncustodial wallets provide the ultimate in control and privacy, with you having sole access to your private key. They can take the form of software for desktop and mobile or physical hardware devices.
1. Mycelium
Mushroom mycelium is an incredible natural material. It’s 100% biodegradable, fire-resistant, thermal and acoustic insulating. Plus, it can digest waste materials – including plastics – and is incredibly strong.
While we typically only see the surface of a mushroom, the vast majority of its life lies underground in an intricate network of hyphae that reaches into soil, plants and wood to absorb nutrients and water. This interconnectivity, often referred to as the “wood wide web,” is what keeps ecosystems functioning. Mycelium is the longest living part of the fungus; fruit bodies make up less than 5% of its total lifetime.
2. Exodus
One of the most popular crypto wallets is Exodus. It supports a large number of crypto assets and offers features like a built-in cryptocurrency exchange, which allows users to trade cryptocurrencies from within the wallet.
Exodus also provides a wealth of customer support through an extensive knowledge base and searchable FAQ. Users can also contact support personnel via email.
Exodus is beginner-friendly and easy to use, with a clear layout and popular features. However, it lacks important security features such as multi-signature support and two-factor authentication.
3. Guarda
Guarda offers a mobile multiwallet and an in-house crypto purchase platform. It features open-source single-currency wallets for a variety of coins and is the first mobile SPV to integrate Zcash Shielded transactions.
The wallet also enables users to earn passive income from their holdings through staking, with support for a huge number of coins and tokens including Tezos and Komodo. Its non-custodial storage model levels up security, with users in control of their own private keys. Authentication options include TouchID and Face ID. Users also get encrypted backups for their convenience.
4. MetaMask
MetaMask is a cutting-edge cryptocurrency wallet software and browser extension that allows users to manage, transfer and receive ETH tokens. It prioritizes security, privacy and decentralization.
Moreover, it provides a simple and hassle-free setup process that makes it one of the most popular crypto wallets for beginners and intermediate users in the industry.
It is a non-custodial wallet, meaning that users retain full control over their private keys. Additionally, it is also free to use. It also supports thousands of ERC-20 tokens and NFTs. It also offers excellent customer support.
5. Atomic Wallet
Atomic Wallet is non-custodial and stores the private keys for users on their local devices. This gives them premium security for their assets compared to custodial exchange wallets.
The wallet also features a built-in exchange that allows users to swap and exchange their coins directly within the wallet for an added layer of convenience. However, the transaction fees are high compared to other crypto exchanges.
Atomic Wallet is available on both desktop and mobile platforms. It supports over 500 cryptocurrencies and tokens. It has a simple interface and is easy to use for beginners.
6. Coinbase
Coinbase is a highly-rated crypto wallet that allows self-custody (users have control over their keys and data). It offers a variety of cryptocurrencies, NFTs and dApps for users to hold.
Its exchange features a user-friendly interface and is a good option for beginners looking to buy and sell cryptos. It also has a mobile app and crypto-staking product that earns users rewards.
It is also one of the few exchanges that has a NY BitLicense. This allows it to offer a more extensive selection of cryptocurrency for its customers.
7. Trezor
SatoshiLabs is a big name in the crypto wallet world and their Trezor devices are some of the most trusted hardware wallets available. They are a good choice for anyone who values privacy and wants an extra layer of security over online hot wallets or software wallets.
These hardware cold wallets offer top-notch security features and support a large number of cryptocurrencies. They don’t have the sleek digital interface of competitors such as Ledger, but they do focus on covering every security risk. They also have a secure recovery feature called Shamir Backup for peace of mind.
8. Coinbase Wallet
Coinbase Wallet is one of the most popular mobile crypto wallets in the world with millions of users. It offers self-custody features and is ideal for beginners who prioritize security.
It supports a variety of coins, tokens, and non-fungible tokens (NFTs). The wallet is easy to use, but it requires two-factor authentication (2FA) to protect its user account from unauthorized access. The wallet is free to download and use, but exchanges and further transfer fees do apply. It is frequently compared to Exodus and Trust Wallet, but wins in terms of user-friendliness.
9. Bitwala
Bitwala is a Berlin-based company that combines a Bitcoin wallet with an exchange and a debit card. The company has attracted investors such as Sony Financial Ventures.
Bitwala provides residents of 31 European Economic Area countries with a fully insured bank account hosted by solarisBank, Bitcoin and Ethereum wallets and an exchange for real-time trades. The accounts are non-custodial, and users own their coins with their private keys.
Users can load their Bitwala account with different digital coins and earn interest on BTC and ETH balances in their non-custodial crypto wallets. There are no spending fees, and the platform also offers 2FA and biometric identification features.
10. Coinbase Wallet
Coinbase Wallet is an easy-to-use mobile wallet for cryptocurrency. It can store thousands of digital assets and offers built-in access to decentralized applications for staking, yield farming and NFT marketplaces.
It also allows users to bridge different blockchains and collect rare digital art. In addition, it offers hours of learning modules for complete beginners.
This wallet offers standardized security features, including 2FA and a 12-word recovery seed phrase. The app has never been hacked and supports multiple currencies. It is free to use and is a good choice for those who prioritize security and want to explore Web3.