5 Best Cryptocurrency Wallet To Use In 2022

WHAT IS A CRYPTOCURRENCY WALLET?

A cryptocurrency wallet is a software application that stores private and public keys and interacts with different blockchains to allow users to send and receive digital currencies while also monitoring their balance.

The number is then turned to a private key using the cryptocurrency cryptography algorithm’s unique requirements. The private key is then used to produce a public key using whichever cryptographic procedure that is required. The owner’s private key which is used to access and send cryptocurrency is kept private, whereas the public key is can be shared to anyone to receive crypto

5 Top Multi Cryptocurrency Wallet

1. LEDGER NANO S

Ledger Nano S is the most secure way to store your cryptocurrency. Cryptocurrency investors will have peace of mind knowing that their assets are safe offline, and that they can readily access their crypto and monitor their accounts while using a phone or computer.

Ledger Nano S is a hardware cryptocurrency wallet that provides high-level security, through a secure chip and a unique operating system, It allows investors access to their private keys and is backed by the industry’s most known brand.

PROS

An affordable cold wallet

The private keys never leave the device

More than 1,100 currencies and tokens are supported.

CONS

Limited storage space for crypto apps

Display is small and isn’t a touchscreen

Other wallets are more mobile friendly.

2. TRUST WALLET

Best Multi Cryptocurrency Wallet

Trust Wallet is the official crypto wallet of Binance. The Trust Wallet mobile app allows you to send, receive, and store Bitcoin and other cryptocurrencies and digital assets in a secure way.

The Cryptocurrency wallet supports over 160k assets and 40 blockchains. Trust wallet previously only supported Ethereum ERC20 and ERC223 tokens, but it now supports Bitcoin, XRP, Monero, Binance Coin, Stellar Lumens, Zcash, Dogecoin, Bitcoin Cash, Dash, Litecoin, and many more cryptocurrencies.

Trust Wallet is a simple and safe multi-crypto wallet that includes Dap interactions, a Web3 browser, Dapp Browser, and an in-built exchange, among other features. Binance, the leading cryptocurrency exchange, has designated it as the industry’s most secure crypto wallet and has made it its native wallet.

PROS

Safe and secure

User friendly

Supports a wide array of coins

Supports plenty of features: Dapps, Web3 browser, in-built exchange

Non-custodial

Binance native wallet

CONS

No 2-factor authentication

3. SAFEPAL APP

SafePal enables crypto investors and traders with efficient and highly secure hardware and software wallets. These wallets are integrated into the SafePal App, which is a one-stop solution for storing, managing, and trading crypto assets. Safepal is securely integrated with Binance DEX, allowing you to trade or swap cryptocurrencies without having to do KYC. Safepal is an excellent pick for a crypto mobile app just because of this functionality.

PROS

A self-destruct mechanism to prevent a malware attack.

Very cost-effective. It is priced at only $39.99.

CONS

Some popular cryptocurrencies like, Litecoin, Monero, TRON, and EOS, are currently not supported.

4. TREZOR

Trezor hardware wallet provides a safe environment for storing not only Bitcoin but a wide range of other digital currencies (altcoins) and tokens.

You can secure access to your data with Trezor’s secure admin SSH login. Access to your data and servers is protected with the admin SSH login.

Trezor Cryptocurrency wallets include open-source architecture, allowing you to have total decentralization and control over your digital assets, you can even personalize your wallet to suit your personal needs.

PROS

Top-notch security

It accepts a wide range of cryptocurrencies (over 1,600)

Regular firmware updates

Backup and recovery

CONS

To some users, it appear to be costly.

Not that Beginner-Friendly

5. EXODUS

Exodus is a non-custodial wallet with a lot of features and it gives you a lot of control over your crypto assets. It does not handle or take custody of your Cryptocurrency wallet directly, but it gives you complete control over it. It supports over 150+ coins.

PROS

It is easy to swap one cryptocurrency with another and keep track of daily profits or losses on Exodus.

Supports Multiple Cryptocurrencies: Over 150+

Exodus is user-friendly wallet and easy to use

Automatically Adjustable Fees

CONS

Can be easily hacked by keyloggers or malware.

Lacks important security support features like multi-signature support or two-factor authentication.

It does not support crypto-to-fiat transactions