Rating Of Crypto Wallets In 2024

Before buying bitcoin or other cryptocurrencies, you need to take care of cryptowallet.

A cryptocurrency wallet is a place to store cryptocurrencies. Some crypto wallets are physical devices (hardware wallets), while others are software.

There are many types of crypto wallets and choosing one can be difficult. The rating of the best vaults from our experts will help you to make the right choice.

TOP 10 Cryptocurrency Wallets

1. Ledger Nano X

Official site: https://shop.ledger.com/pages/ledger-nano-x

Rating wallets for all cryptocurrencies — Ledger Nano X homepage

An advanced hardware wallet from Ledger that provides a high level of security;
Wallet type: hardware (cold) wallet;
Supported cryptocurrencies: 5500+ cryptocurrencies, including Bitcoin, Litecoin, Dogecoin, ERC20 tokens and more;
Operating system: Windows 8.1+, macOS 10.14+, Linux, iOS 13+ or Android 7+;
Features and materials: brushed stainless steel and plastic. 100 mAh lithium-ion battery with 8 hours of battery life. Bluetooth and USB-C cable. Price $149;
Security: The Ledger Nano X uses certified Secure Element (tamper resistant) chips to store private keys. The chips themselves are CC EAL5+ certified;
Customer support: Ledger academy, live chat, email support.

Electronic wallet for storing and buying cryptocurrency;
Wallet type: hot, mobile, desktop;
Supported cryptocurrencies: BTC, BCH, ETH, Stellar, USD Tether and USD Digital;
Operating system: Windows, Mac, Linux, iOS and Android;
Features: Users can top up their crypto wallets and trade with a debit card, credit card, or by directly linking a bank account to their wallet. Traders who keep their digital assets in the account receive rewards in the form of interest;
Features: There is a payment processing solution called BitPay that can be integrated to accept payments in cryptocurrencies. The design of the trading interface is simple and convenient. Available in 25 languages. Airdrops of new tokens;
Security: Users must first verify their email address in order to complete transactions. There are two-factor authentication and cloud backup services available. The secret key information is not stored on the platform or in the cloud. The exchange’s servers and transaction system also go through multiple layers of encryption and security to protect users’ IP addresses and personal information;
Customer support: knowledge base, customer service available 24×7.

5. Exodus

Official site: https://www.exodus.com/

6. Mycelium

Official site: https://wallet.mycelium.com/

One of the oldest mobile crypto wallets, founded in 2008;
Wallet type: hot, non-custodial;
Supported cryptocurrencies: 22+ BTC, USDT, BUSD, USDC, ETH, ERC-20 tokens;
Operating systems: Android and iOS, no desktop version;
Open source: yes;
Features: provides advanced features such as cold storage integration, spending accounts, single address savings accounts. Allows you to set custom transaction fees;
Feature: support for hardware wallets (Trezor, Ledger, KeepKey). Has its own decentralized marketplace for personal exchange called m Mycelium Local Trader;
Security: Multiple layers of PIN protection and pattern sniffing protection, TOR network support can mask IP address and location, protecting digital assets from hackers. When registering, you must install a code that will block all basic functions, such as exporting an account with a single address, sending bitcoins, adding new accounts, and buying and selling. Has backup function. The user has sole control over the private key and PIN;
Customer Support: You can send a support request to [email protected].

7. Ledger Nano S

Official site: https://shop.ledger.com/pages/ledger-nano-s-plus

Ledger Nano S Page — Ledger Nano S homepage

A simple and powerful hardware wallet model for offline storage of cryptocurrencies and NFTs;
Wallet type: cold, hardware wallet;
Cryptocurrency support: The Ledger Nano S supports Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Stellar and more. 1800+ assets in total;
Operating system: Windows 8.1+, macOS 10.14+, Linux, Android 7+, support on iOS only in consultation mode by importing accounts from the Ledger Live desktop;
Features and materials: brushed stainless steel and plastic. Price from $59;
Security: CC EAL5+ certification level. Each transaction is confirmed in a hardware wallet, not on a computer, which ensures the security of the cryptocurrency;
Customer support: knowledge base, live chat and email support.

8. Safepal

Official site: https://www.safepal.com

Founded by Veronica Wong in 2018;
Crypto wallet type: non-custodial, multi-currency, mobile, desktop, hardware Safepal S1 (from $50);
Supported cryptocurrencies: 48+ blockchains and 30 000+ coins;
Operating system: Windows, macOS, iOS, Android;
Open source: no;
Functions: storage, exchange of cryptocurrencies and NFTs;
Features: SFP native token, integrated swap service and Binance trading terminal, Safepal S1 hardware wallet, staking, NFTs support;
Security: for hardware wallet – plastic case, QR codes interface for connection with external devices, an EAL 5+ security certificate, an anti-hack mechanism; for software wallet – seed phrases, passwords and only-customer access to privates keys;
Support: Safepal Academy, chat-bot on official site and in app, Help Center, 24/7 priority support for SapePal S1 owners.

9. MEW Wallet

Official site: https://www.mewwallet.com

10. Guarda

Official site: https://guarda.com

Guarda homepage — Guarda wallet homepage

Launched in 2017. СEO – Pavel Sokolov;
Crypto wallet type: non-custodial, multi-currency, mobile, desktop;
Supported cryptocurrencies: originally a single-currency wallet, now it supports 10 000+ coins;
Operating system: Windows, macOS, Linux/Ubuntu, iOS, Android;
Open source: yes;
Functions: cryptocurrencies and NFTs storage, swap exchange;
Features: an opportunity to buy up to 300+ cryptocurrencies via Visa with Simplex and SEPA, Guard Crypto Visa, in-wallet staking with a rate from 3% APY, crypto loans;
Security: password and back up file, created on the stage of wallet making; the platform doesn’t require any personal data and doesn’t store user’s private keys;
Support: official site support chat and email requests support. Customer service works 24/7, but a quick response is guaranteed only between 4 AM and 10 PM UTC.

What Do You Need A Crypto Wallet For?

Crypto wallets vary by types (hardware, desktop, mobile, online, multi-currency, etc.) and offer users unique features and solutions. Recommendations for using different types of crypto wallets, depending on the main tasks of users, are below.

Save And Store Cryptocurrency, Rare Transactions

If the user has a large amount of crypto savings and does not make daily transactions, then it is best to store private keys in hardware or paper storage. These types of wallets are cold storage because are not connected to the internet. The most reliable at the moment is hardware wallet (for example, Ledger).

Use At Any Time

If the user actively use cryptocurrencies, as well as paying for goods and services from the wallet, so mobile application or web wallet are the best option. These wallets are available on your smartphone and are convenient to use at any time.

It should be remembered that web or online wallets are the most vulnerable to hacker attacks. They store users' private keys on servers.

Invest And Store A Diverse Set Of Coins

For users who are going to interact with different altcoins, the multi-currency crypto wallet is the best choice. It eliminates the need to create and store secret phrases for different coins.

Store Base Coins In Wallet

For those who prefer to use crypto on PC, there are desktop wallets. They have many features similar to mobile apps, but are more secure.

The Best Hardware Crypto Wallets

Hardware Wallet — is a device for storing private keys like a flash drive. Such crypto wallets are considered the most reliable, as they store the private keys of users offline. To work with a hardware wallet, you need to connect it to a computer.

The best hardware crypto wallets:

Pros And Cons Of Hardware Wallets

High security: keys are stored offline;

Full control over the cryptocurrency;

Immunity to computer viruses;

Confirm transactions on the device, not in the application on the computer.

It takes more time to complete transactions;

Cost: all hardware crypto wallets are paid.

Best Mobile Cryptocurrency Wallets

Mobile Wallet is a cryptocurrency storage and transaction application that can be used on smartphones. Such a wallet allows you to make cryptocurrency payments almost instantly. Mobile wallets are designed for various operating systems.

Wallet	Site	Supported Platforms
Trust Wallet	https://trustwallet.com/	iOS, Android
Blockchain	https://www.blockchain.com/wallet	iOS, Android
Safepal	https://www.safepal.com/	iOS, Android;
MEW Wallet	https://www.myetherwallet.com/	Windows, Linux, Mac, iOS, Android;
Guarda	https://guarda.com/	Android, iOS;

Pros And Cons Of Mobile Crypto Wallets

Suitable for regular transactions;

Easy and easy to use;

Many apps have QR code scanning feature;

More secure than online crypto wallets;

Can be hacked;

Requires internet connection to work;

Best Desktop Crypto Wallets

Desktop wallets are applications capable of running on Windows, MacOS or Linux that allow users to interact with their crypto funds via a PC.

Wallet	Site	Supported Platforms
Blockchain	https://www.blockchain.com/wallet	Windows;
Safepal	https://www.safepal.com/	Windows, MacOS;
MEW Wallet	https://www.myetherwallet.com/	Windows, Linux, Mac, iOS, Android;
Guarda	https://guarda.com/	MacOS, Windows, Linux;

Pros And Cons Of Desktop Cryptocurrency Wallets

Computer trading is more convenient;

More secure than online or mobile wallets;

Private keys are not stored on a third party server.

Unlike mobile wallets these ones cannot be used on move;

You need to make constant updates that take (in “heavy” wallets) a lot of memory;

The Best Online Cryptocurrency Wallets

Web wallets run in the cloud and are accessible via PC and smartphone. The online wallet is constantly connected to the network and allows you to get quick access to the cryptocurrency. The online wallet provider stores the private key on its server.

This is a less secure type of cryptocurrency wallet, however it has advantages when used for for small amounts of cryptocurrencies.

Wallet	Website	Browser
MEW Wallet	https://www.mewwallet.com	Google Chrome, Brave
MetaMask	https://metamask.io/	Google Chrome, Firefox, Edge и Brave;
Guarda	https://guarda.com/	Google Chrome, Opera, Safari, Firefox, Edge;

Pros And Cons Of Online Crypto Wallets

Quick registration;

Ability to work with multiple cryptocurrencies;

Easy to use on the go and for active trading.

High probability of hacking;

Private keys are stored by a third party, not by the user himself.

Best Multi-Currency Crypto Wallets

Multicurrency Wallet is a program responsible for storing public and private keys and conducting operations with different types of cryptocurrencies.

Wallet	Website	Year of creation	Supported cryptocurrencies
Trust Wallet	https://trustwallet.com/	2017	160 000+
Ledger Nano X	https://shop.ledger.com/pages/ledger-nano-x	2019	5 500+
Safepal	https://www.safepal.com/	2018	30000+
MEU Wallet	https://www.myetherwallet.com/	2015	1000+
Guarda	https://guarda.com/	2017;	10 000;

Pros And Cons Of Multicurrency Cryptocurrency Wallets

You can store a lot of types of cryptocurrencies in one place;

Many additional features for cryptocurrency management.

Multi-currency hot crypto wallets are less secure than multi-currency cold ones.

FAQ

What Is A Cryptocurrency Wallet?

Crypto Wallet is a software/hardware application/device that is used to send, receive and store cryptocurrencies using public and private keys.

The term itself is a little ambiguous, since wallets are associated with the place where real coins are stored. But cryptocurrencies are not stored in any accounts and do not exist in physical form - they are records on the blockchain, accessed through crypto wallets.

How To Create A Crypto Wallet?

You can create a cryptocurrency wallet in a few minutes by following the rules:

Load the chosen application of the wallet according to your needs;
Create an account, following the registration instructions;
Write and save the recovery phrase. Some wallet apps allow you to add an extra layer of security, such as facial recognition or password generation;
Replenish the wallet and make transactions.

Which Cryptocurrency Wallet Is The Safest?

Cold Wallets are considered the best option in terms of security. For example, the Ledger Nano X is equipped with an Secure Element chip that is modeled after technology used in high-tech solutions such as credit cards.

How Can I Protect My Seed Phrase?

The original phrase (or recovery phrase) is a generated list of 12, 18, or 24 words in strict order. It provides owners with access to their wallet. This means that whoever has access to the seed owns and controls the cryptocurrency in its associated wallet.

Seed phrases must be kept secure so that the cryptocurrency will not be stolen.

Recommendations on how to better protect recovery phrases:

Separating the phrase into parts: one effective way to protect the recovery phrase is to separate it between storage in different places;
Metal plate engraving: You can use specialized services to engrave restoration phrases on durable materials such as stainless steel;
Multiple copies: store multiple copies of a phrase in different locations.

How To Choose A Cryptocurrency Wallet?

When choosing a wallet, it is important to consider the specific needs of the user. Unlike physical wallets, crypto wallets differ in types, supported coins, features, security level, etc. When choosing a storage, you need to consider:

The list of supported cryptocurrencies: the number of cryptocurrencies supported by the wallet is important;
Reputation and security: you need to make sure that the selected digital wallet has the necessary security measures are in place (two-factor authentication (2FA), offline storage of private keys, no past security issues with the service provider);
Wallet type: Hot wallets are the most common because they are cheaper and faster to develop and release than those that require hardware components. The type of wallet also affects the convenience of transactions. If you need to transact frequently, a hot wallet might be the way to go. However, using hot wallets to permanently store large amounts increases the potential for hacking;
Pricing: Cryptocurrency wallet operators may charge additional fees for expedited payments, fees, etc. There is also a price discrepancy between cold wallet manufacturers and models. For example, Trezor Model T is several times more expensive than Trezor One because of the touch screen;
Customer support: Support channels and quality should be considered.

What Is The Best Multi-Currency Crypto Wallet?

All wallets mentioned in this article are safe and trustworthy. However, choosing the best multi-currency wallet depends on the needs of the user. We recommend Trust wallet and Ledger Nano.

How To Choose A Hardware Crypto Wallet?

There are several criteria to consider when choosing a hardware wallet:

Protection level: chip, operating system, etc.;
Supplier Reliability: The reputation of supplier will help you to avoid potential money loss issues. Also, you can not buy a used hardware crypto wallet;
Case Material: for long term storage, titanium or aluminum case is best;
Supported cryptocurrencies: check if the hardware wallet supports the cryptocurrencies of interest to the user;
Ease of use and additional features: For some users, it is important to pay attention to the convenience of the interface and the presence of additional functions, such as Bluetooth connection, increased memory capacity, etc.

What Is The Best Cryptocurrency Wallet For A Smartphone?

Crypto wallets for mobile devices differ mainly in three ways:

Number of supported coins;
Security;
Additional functions.

It is better to choose a multi-currency cryptowallet with good security and wide functionality. Among the reliable digital wallets for smartphones presented in this review, we highlight Trust Wallet or Ledger Nano.

Conclusion

The choice of a wallet for storing crypto assets must be approached responsibly. Using a dubious digital wallet can lead to loss or theft of your savings.

Each type of storage has its pros and cons. The choice of a crypto wallet is influenced by user preferences and goals. If you plan to place crypto assets for long-term storage, it is better to use hardware wallet. If you need the wallet to be always at hand for making transactions, it is better to choose the mobile application. Optimal balance of security and convenience combines desktop wallet.

When choosing a wallet, it is important to pay attention not only to the features, but also to the security level and support. It is important that the private keys of the crypto wallet are under the control of the user.

Agatha Redich

Articles author, editor

Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.

Emil Rabin

Site expert

Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.