Best Cryptocurrency Wallets include:
Brave Software’s privacy-oriented browser, combined with its blockchain-based digital advertising platform, aims to provide more secure access to the Web for users, publishers and advertisers. Their mission is to provide users a private, speedier Web experience with much longer battery…
Velmie is a financial technology provider that has been on the market for more than 10 years delivering back end, mobile and web solutions to enterprise financial institutions and entrepreneurs, headquartered in Vilnius, Lithuania. Focusing on finance technology and the biggest problems…
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,…
TripleA, headquartered in Singapore, helps businesses increase their revenue by enabling crypto payments and payouts, leveraging on the fast-growing 300m+ people using cryptocurrencies. With its white-label, instant confirmation, locked-in exchange rate, real-time fiat conversion,…
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.
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.
IDEMIA’s B.CHAIN crypto hardware wallet is a card-based solution that provides an alternative to existing non-custodial wallet devices which often come with tiny display and buttons. Backed by state-of-the art smart card security and biometrics, this solution allows interaction with…
NOW Wallet is a key to the world of digital assets, supporting instant exchanges across 70,000 currency pairs, and offering support for over 500 cryptocurrencies on 40+ blockchain networks, from a single interface available on both mobile and desktop platforms. With 24/7 support,…
Spatium supports the integration of user-controlled crypto wallets for businesses with their Wallet-as-a-Service (WaaS) SDK. Powered by Multiparty Computation (MPC) technology, the solution is designed to enable seamless and secure integration of digital wallet infrustructure into…
atato is a digital asset custody solution secured by multi-party computation technology. Built for small and medium sized web3 projects, atato enables projects to securely manage their treasury on Bitcoin and any EVM-supported chain through a dashboard accessible on mobile and web.…
Bizzllet is a self-custody multisig business wallet that helps users manage day-to-day crypto operations. With multi-chain wallets, team collaboration features, and customizable role-based rules, Bizzllet simplifies crypto invoicing, payments, and expenses. It’s powered by Account…
Tholos is a crypto wallet secured by groups that allows users to view assets, transact, and interact with dApps across all major blockchains.
Finoa is a European digital asset custodian, enabling institutional access to the crypto ecosystem with asset coverage and day-one support for emerging blockchain protocols and in-demand projects. Finoa offers institutional investors a full range of financial services including custody…
HollaEx is a cryptocurrency exchange software provider that helps operators worldwide achieve success with varied business goals. HollaEx lowers the barrier to opening a crypto exchange by removing the extensive time and monetary resources that come with traditional software development.…
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.
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…
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.
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.
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.
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.
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…
Threely, a blockchain infrastructure company is designed to bridge the gap between layman end-users and the perplexing technology—blockchain. Threely Identifier can be understood as DNS for blockchain. Threely condenses long addresses & produces short three-word addresses containing…
Lumi Wallet is a crypto wallet from Lumi Software headquartered in Cyprus.
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
Provides security measures to ensure private keys are only known and accessed by the owner of the cryptocurrency assets.
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.
Frequently Asked Questions
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