With more than 100 cryptocurrency wallets available, it's getting harder to choose the best one. we'll give you 3 top picks for the best cryptocurrency wallets in a review. Choosing a secure and easy-to-use wallet is the first crucial step to owning a cryptocurrency.
Beginners tend to hold their coins on the exchange they bought them on, essentially giving up control and trusting the exchange to keep the coins safe for them. A wallet that doesn't give you full control over your coins is known as an escrow wallet, but the recommended way to store cryptocurrencies is to move your coins from an exchange to an unattended wallet - A wallet that you and only you can control. Our first pick for the best beginner-friendly non-custodial wallet is Exodus.
Exodus is a free software wallet that can be installed on your computer or mobile phone. It is beautifully designed and intuitive to use and supports over 100 cryptocurrencies and tokens. Exodus allows you to trade coins from your wallet and earn interest on your cryptocurrency holdings. Its main disadvantage is that it is not open source, which means that its code is not publicly visible and therefore not reviewed by community members to assess its quality. If you want to increase security, you can use a hardware wallet.
A physical device that stores your coins offline in a secure way away from most possible hacks and theft attempts.
Our #1 pick for the best hardware wallet is the Ledger Nano X. The Nano X is easy to use, supports over 1000 coins and X tokens, and can be controlled from both mobile and desktop. On the other hand, the Nano X isn't completely open source and it's a bit expensive; but if you're serious about security, the Nano X offers you the optimal combination of security and usability.
If you're looking for an affordable alternative to the Nano X, we recommend the TREZOR One. At less than half the price of the Nano X, the TREZOR One is a battle-tested, open-source, intuitive hardware wallet that supports a wide variety of coins. Its main drawback is that it does not support XMR, XRP or EOS.
These are our top 3 picks for the best cryptocurrency wallets. For more information and detailed reviews on each wallet.
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