Cryptocurrency wallets are essential for both mining and investing in digital assets. They store private and public keys, interact with the blockchain and allow users to send and receive currencies.
Some of the best cryptocurrency wallets can be used for both mining and investing in digital assets. They store private and public keys, interact with the blockchain and allow users to send and receive currencies.
There are basically three types of wallets used for accessing and storing digital currencies: hardware-based, online and software-based. The latter group includes wallets used for desktop computers, mobile devices and cloud mining services. These can be easily downloaded and installed on various operating systems and offer robust security safeguards.
Hardware crypto wallets usually come in the form of a USB device. Unlike software-based wallets, they allow users to store their data offline which increase security considerably. Most include plug and play functionality and are extremely easy to set up. We’ll now take a look at some of the most popular crypto wallets on the market.
Ledger Nano S Wallet
Ledger Nano was launched in 2016 and allows users to store a wide range of cryptocurrencies including Bitcoin, Ethereum and DASH. Able to connect via USB, it features an LED screen which allows for the monitoring and confirmation of transactions at the click of a button. It’s also very affordable in comparison to other hardware-based wallets. Security features include secure PIN Code functionality, offline storage and backup/restoration options.
BTC, BCH, BTG, ETH, ETC, LTC, DOGE, ZEC, XRP, DASH, STRAT, KMD, ARK, EXP, UBQ, VTC, VIA, NEO, XST, XLM, HSR, DGB, QTUM, PIVX, POSW
- Compatible with a wide range of currencies
- OLED display
- Full integration with other wallets
- Relatively new brand
Official Site: https://www.ledgerwallet.com
Trezor is a dongle-sized USB crypto wallet that was unveiled in 2014. Featuring multiple layers of security which includes pin protection, it is well-protected from both virtual and physical theft. Set up is relatively simple although it requires the various security measures to be performed first, including the PIN code and a recovery seed. Trezor supports multiple digital assets including Bitcoin (BTC), Ethereum (ETH) and Dash Coin (DASH).
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
- Highly secure
- May be used with Malware-infected computers
- Security set-up slightly convoluted
Official Site: https://trezor.io
KeepKey is considered to be one of the most secure hardware wallets on the market. Using Hierarchical Deterministic (HD) technology, it has been specifically designed to store unlimited private keys. Compatible with PC, Mac, Linux and Android, the KeepKey is able to store multiple currencies including Bitcoin (BTC), LiteCoin (LTC) and Dogecoin (DOGE). Usability is significantly enhanced by an OLED display while setup is relatively straightforward.
BTC, BCH , DASH, DOGE, ETH, LTC, NMC
- Highly secure
- Convenient OLED display
- Represents value for money
- Plenty of security features
- No web wallet
- Large form factor
Official Site: https://www.keepkey.com
Electrum is a thin crypto-wallet that was launched in 2011. By ‘thin’ we mean that it can be securely connected to the Bitcoin blockchain without users having to download the entire blockchain. This makes for easy setup and saves a great deal of hard drive space. Security features include HD technology and encryption options which can be configured on first setup. Cold storage functionality is also available for added safety.
- Easy set-up
- Only supports Bitcoin
Official Site: https://electrum.org
Jaxx is a cloud-based software wallet that was originally developed in 2014. It’s compatible with Windows, Mac and Linux operating systems and can be used on iOS and Android. The dashboard is intuitive and easy to grasp, presenting the most relevant information clearly. And thanks to integration with Shapeshift, speculators can easily exchange altcoins within the app. Jaxx is also available as a Chrome extension.
BTC, BNT, CVC, DASH, ETC, LTC, QTUM, REP, SALT, ZCASH
- Easy to use GUI
- Shapeshift integration
- Supports numerous currencies
- Past issue with bug
Official Site: https://jaxx.io
Exodus supports multiple cryptocurrencies and features a simple setup as well as robust security features. As with crypto wallets such as Jaxx, users can generate a 12-character master seed which can be recorded and used for restoration. Password protection has also been added for further protection. Featuring an attractive, customisable front-end, Exodus includes an exchange which permits users to trade coins.
ANT, BAT, BCH, BNT, BTC, BTG, CVC, DASH, DCR, DNT, EDG, EOS, ETC, ETH, FUN, GNO, GNT, GUP, LTC, MTL, NMR, OMG, QTUM, REP, RLC, SALT, SNGLS, SNT, STORJ, TRST, VTC, WINGS, ZRX,
- HD Functionality
- Supports multiple currencies
- Beautiful GUI
- Backup wizard
- Not fully open-source
Official Site: https://www.exodus.io
Coinomi is one of the most trusted online crypto currency wallets around Able to support 78 crypto currencies, it provides first-rate security as well as Hierarchical Deterministic functionality. ShapeShift integration has also been included, allowing users to easily covert coins without added fees. In addition, payments can be made to any address through a one-click process and there’s no sign-up requirement.
AC, ACC, AUR, BCH, BELA, BLK, BRIT, BSD, BTA, BTC, BTX, CANN, CCN, CDN, CLAM, CLUB, CMP, CRW, DASH, DGB, DGC, DMD, DNR, DOGE, EDRC, EFL, EMC2, ERC, ETC, ETH, EXP, FLASH, FTC, GAME, GCR, GRC, HMP, INSN, IOP, IXC, JBS, LBC, LDCN, LINX, LTC, MONA, NAV, NBT, NEOS, NLG, NMC, NRC, NSR, NVC, OK, PINK, PIVX, PKB, POSW, POT, PPC, PSB, PUT, RBY, RDD, RICHX, SDC, SLR, SMLY, STRAT, SYS, TOA, UNO, USC, VASH, VIA, VIVO, VPN, VTC, WAX, WC, XBC, XMY, XVC, XVG, XWC, XZC, ZCL, ZEC, ZEN
- HD functionality
- Support for huge range of currencies
- Robust security levels
- ShapeShift integration
- Not open source
- Two-factor authentication not available
Official Site: https://coinomi.com
Green Address is an open-source HD crypto wallet which can integrate with desktop and mobile platforms. Offering an easy-to-interpret interface, Green Address also provides fast pin login functionality and instant transaction support. As far as security is concerned, multiple two-factor authentication is available as well as user set limits on transactions.
- HD security
- Intuitive interface
- Only supports Bitcoin
Official Site: https://greenaddress.it