Cryptocurrency Wallets

Best Cryptocurrency Wallets include:

Electrum Bitcoin Wallet.

Cryptocurrency Wallets Overview

What are Cryptocurrency Wallets?

Cryptocurrency wallets are secure digital wallets that are used to manage cryptocurrencies and blockchain assets. They are used to send, receive, and trade cryptocurrencies. A cryptocurrency is a digital or virtual currency, secured by cryptography, which resides on decentralized networks based upon blockchain technology.


Many cryptocurrency wallets allow users to hold multiple currencies such as Bitcoin, Ethereum, Litecoin, Ripple, and Dogecoin, while others will only support a single cryptocurrency. The owner of the assets is the only entity with access to the cryptocurrency funds.


Cryptocurrency wallets do not physically store the blockchain assets. Instead, the wallets safely store public and private keys which prove ownership of your digital money and allow you to make transactions. Public keys point to the address of your funds on the currency’s blockchain. Public keys are shared when you wish to receive payments. Private keys are unique to an individual’s cryptocurrency wallet, are never shared, and are required to conduct any transactions related to their cryptocurrency assets.

Some wallets offer additional functions such as signing keys that are used for identification, executing smart contacts, and signing digital documents.


Businesses use crypto wallets to accept payments for products and services through cryptocurrency gateways.


When some wallets are created, a ‘seed’ phrase can be requested by the user. The seed is a lengthy-phrase that is an unencrypted form of the private key generated. If access to the wallet becomes misplaced, damaged, or compromised the seed phrase can be used to re-access the wallet, associated keys, and cryptocurrencies.


For additional security, some wallets use multi-sig (multi-signature) protection which requires two or more keys to initiate transactions. The keys can be held by multiple parties. Often each key is held on a different device, typically a mix of a mobile app and an offline hardware wallet.

A custodial wallet or hosted wallet is a service provided by crypto exchanges. When you purchase crypto the exchange holds the private keys and manages the cryptocurrency in their wallet until you withdraw it. It eliminates any actions you would need to take to store and secure your keys.


Security measures to employ when using cryptocurrency wallets to reduce your risk of theft include keeping current on wallet software updates, opting in for two-factor authentication, and considering multi-signature access.

Types of Cryptocurrency Wallets


Cryptocurrency wallets come in different forms.


Software Wallets (also referred to as hot wallets/storage given their ready connectivity to the internet) have keys stored in an app or other software. These wallets can be accessed through the cloud, mobile apps, or computer desktop installations. You can manage all your digital assets in one place, control your private keys, send and receive crypto from anywhere in the world, interact through usernames rather than long public key addresses, and shop anywhere they accept cryptocurrency. Software wallets are also more vulnerable to hacks and viruses.


Hardware wallets store keys on a USB drive that must be connected to your computer to use your cryptocurrency. Paper wallets have keys generated and stored on paper, usually via a QR code.


Hardware and paper wallets (cold wallets/storage as they are usually offline) help preserve your privacy and are less vulnerable to hacking. However, they risk being lost or destroyed and are not as convenient to use.


These are considered non-custodial wallets or non-hosted wallets, where you are in control of your private keys and cryptocurrency holdings. You are responsible for remembering your private keys and for maintaining security measures to protect your assets. If you no longer have access to your keys, you will never be able to access your funds.

Cryptocurrency Wallets Features

Cryptocurrency wallets should have most or all of these capabilities:

  • Storage of public and private keys on software, hardware, or paper depending upon the wallet type.

  • Communicates with blockchain ledgers to store, send, receive, and trade cryptocurrencies

  • Balance Monitoring

  • Multi-cryptocurrency support

  • Provides security measures to ensure private keys are only known and accessed by the owner of the cryptocurrency assets.

  • Signing support

  • Implemented through the cloud, mobile apps, desktop, USB/flash drives or paper depending upon the wallet

Cryptocurrency Wallets Comparison

Before selecting a cryptocurrency wallet, consider the following factors:

  • Use Case: If you use your crypto to pay for products and services then you will want a hot wallet that is mobile, or cloud-based. If security is your top concern, then a hardware wallet would be a good choice. If you are using crypto as an investment for long-term savings, then cold wallets, as either a hardware or paper wallet should be considered. Hardware wallets are good choices for long-term storage. Paper is often considered for storing large amounts of cryptocurrency.

  • Cryptocurrency Assets: A cryptocurrency exchange will often recommend a wallet. You can also decide to use their custodial wallet services. When dealing with multiple cryptocurrencies, select a wallet that supports your crypto assets, as wallets that support multiple cryptos will not support every cryptocurrency.


Cryptocurrency Wallets Pricing Information

Wallet prices range up to $200 or more depending upon the type. Hardware wallets are the most expensive. Some wallets are free. Often you will pay a flat fee or a percentage of the transaction amount depending upon the nature of the transaction.

Cryptocurrency Wallets Products

(1-22 of 22) Sorted by Most Reviews

Hedgehog

Crypto Hedgehog is a diversified portfolio manager for crypto currencies, from Hedgehog Technologies headquartered in Los Angeles, that states they strive to provide institutional-grade tools for the everyday crypto investor: Research coins, track holdings, manage trades, develop…

CoinPayments

CoinPayments is a digital currency payment solution allowing merchants to accept Bitcoin and over 1860+ altcoins in their store through plugins, APIs and POS interfaces, from the company of the same name with headquarters in Vancouver.

UberPay

UperPay is a decentralized, Multi Crypto Asset 'Banking' & Exchange system that lets users swap coins and adapt cryptocurrencies to use with merchants, developed by Geopay.me headquartered in Clearwater.

MyEtherWallet (MEW)

MyEtherWallet (MEW) is an open-source, client-side interface for generating Ethereum wallets. MEW helps users interact with the Ethereum blockchain, and allows the user to generate wallets, and interact with smart contracts.

CoinDCX

CoinDCX is a company that specializes in crypto-enabled financial services. The company focuses on developing borderless financial services that ensure a simpler and uninterrupted flow of capital. The products are designed for all types of traders keeping their trading experience,…

TaxBit

TaxBit is a cryptocurrency tax and accounting software that automates tax calculations and reporting on cryptocurrency transactions. With TaxBit, users can link their exchanges and wallets to pull their transactions through their tax engine and auto-generate tax forms.

Jaxx Liberty

Jaxx Liberty is a solution from Decentral, Inc headquartered in Toronto, designed to enable users to safely manage Bitcoin, Ethereum and 85+ cryptocurrencies. It is a cross-platform Blockchain Wallet, Holdings, Crypto Prices and News, with links to third party trading services.

Trezor

Trezor is a bitcoin hardware wallet developed by SatoshiLabs headquartered in Prague, a multi-functional device designed to meet the needs of advanced and beginner users alike, with the goal of growing the crypto-community and make crypto accessible to anyone, anywhere.

Eco

Eco is a digital wallet that rewards you every time you save, spend or send money.

Coinomi

Coinomi is a multi-chain, defi-ready, cross-platform wallet for bitcoin, altcoins & tokens. The vendor boasts it has never been hacked, and has millions of users.

Mycelium

Mycelium is a cryptocurrency wallet for Bitcoin, available with a mobile app.

Exodus

Exodus is a Bitcoin and Crypto Wallet that enables users to send, receive & exchange Bitcoin and 100+ cryptocurrencies via Desktop, Mobile and Hardware crypto wallets.

Bitcoin Core

Bitcoin Core is programmed to decide which block chain contains valid transactions. The users of Bitcoin Core only accept transactions for that block chain, making it, according to its supporters, the Bitcoin block chain others want to use.

Bitcoin.com Paper Wallet

Bitcoin.com's products aim to make both Bitcoin Cash and Bitcoin Core more accessible. Users can buy, use, and store Bitcoin securely, monitor market prices and news, and earn Bitcoin through mining. They also help businesses accept Bitcoin payments and support developers building…

SecuX Hardware Wallet

SecuX (SecuX Technology, headquartered in Taiwan) offers what is presented as a secure and easy to use hardware wallet, securing crypto assets and transaction and boasting the highest security standards.

MobileCoin

MobileCoin is a cryptocurrency platform that develops P2P payment tokens and digital payment systems for mobile. It combines privacy, security, and distributed trust. MobileCoin is designed so that a mobile messaging application like WhatsApp, Facebook Messenger, or Signal that could…

BitGo

BitGo’s wallet platform aims to create an ideal balance between security and accessibility, to enable clients to move assets seamlessly and reliably, protected by BitGo’s multi-signature security, multi-user policy controls, and security configurations.

Coinbase Wallet

Coinbase Wallet is presented as an easy and secure crypto wallet with support for over 500 tokens, secure storage (biometric authentication, cloud backup, etc.) and available without a Coinbase account.

CoinsBank

Coinsbank is a financial institution, as well as a secure online platform for buying, selling, transferring, and storing cryptocurrencies. It offers an option for both buyers and sellers of bitcoin. Using bitcoin in whatever way is as simple as tapping on a button. CoinsBank is aiming…

Ledger

Founded in 2014 and headquartered in Paris, Ledger offers security and infrastructure solutions for cryptocurrencies and blockchain applications, presented as a gateway to buying and managing crypto safely.

Electrum Bitcoin Wallet

Electrum is a free, open source, lightweight bitcoin wallet available under the MIT license, available from 2011 and presented by its community of supporters as, fast, secure, and easy to use.

Tenderly

Tenderly is an Ethereum developer platform that enables the user to build innovative blockchain products.

Frequently Asked Questions

What do Cryptocurrency Wallets do?

Cryptocurrency wallets are used to store, send, and receive cryptocurrencies. They store public and private keys which prove ownership of your digital assets and allow you to make cryptocurrency transactions.

What are the benefits of using Cryptocurrency Wallets?

The main benefits of cryptocurrency wallets include:

  • Convenience: Online wallets are an easy way to use cryptocurrency to pay for products and services and to receive crypto payments from anywhere in the world
  • Cost: lower transaction fees than traditional financial institutions
  • Security: Secures your private keys
  • Balance Monitoring

How much do Cryptocurrency Wallets cost?

Wallet prices range up to $200 or more depending upon the type. Some wallets are free Often you will often pay a flat fee or a percentage of the transaction amount depending upon the nature of the transaction.