Top 20 Cryptocurrency Wallets For 2023
Isn’t it better to quickly and securely store and retrieve your digital assets? If you think this way, you need a crypto wallet to help you keep all your digital currencies safe. Just like you keep all your money in one place (in your wallet), similarly, if you are trading/investing in cryptocurrencies, it is important to ensure that you have a cryptocurrency wallet. Through this article, we will learn about the 20 best wallets for storing digital currencies.
Cryptocurrency has come into the limelight in the digital age because many people have started to think of it as a machine for making money. Although it made many people richer quickly, at the same time it also caused many people to suffer huge losses when one invested too hard and was impatient. Remember that investing in cryptocurrencies is not a game and the investor must be patient while entering the currency market.
Its volatile nature and amazing technological innovation has changed the fortunes of many people from all over the world. Are you also thinking of investing in digital currencies? Regardless of whether you are a new or already existing investor, it is essential to know that keeping a crypto portfolio is indispensable.
Having a reliable crypto wallet will help you enhance security, prevent scams, and most importantly, ensure the safety of your funds. But, what do you do if you own multiple crypto assets? Even then, you may want to store all of your digital assets in one place. truly? In this case, you will need multi-currency crypto wallets.
What are multi-currency cryptocurrency wallets?
A multi-currency digital wallet or global digital currency wallet supports public and private keys that hold transactions for more than one cryptocurrency. The best part about these wallets is that they allow you to keep all your cryptocurrency in one place, and you don’t have to own many cryptocurrency wallets.
These wallets enable you to send, receive and check the available balance of your digital currencies. But why are they important? If you are an investor or a trader, these wallets are essential for executing transactions.
You can compare it to bank accounts. Just like you need an account to withdraw, deposit and shop anywhere you want. Similarly, a cryptocurrency wallet will allow you to perform a series of actions.
List of the best cryptocurrency wallets
The primary goal of this article is to inform you about the best cryptocurrency wallets. We don’t want you to stumble with some illegitimate platform and fall into their fraudulent trap. Thus, it is necessary to know the best multi-currency wallets that will keep your digital assets safe and out of the reach of hackers and other threats.
Let’s dive into our list of the best multi-cryptocurrency wallets to ensure your valuable digital tokens are stored on a trustworthy platform:
1. Coinbase is the best cryptocurrency wallet
Founded in San Francisco in 2012, Digital Wallet has grown exponentially since its launch. It is easy to register yourself on this platform by following a specific identity verification procedure.
The platform is a secure wallet that is used to store, buy, sell and transfer altcoins from one user to another. The motto of the digital wallet is to build a transparent financial system in the blockchain.
The wallet works remotely first and goes by the name of a digital asset exchange. Users can choose from a wide range of cryptocurrencies and altcoins, including Bitcoin, Ethereum, Ripple, Litecoin, Cardano, etc.
The FDIC insures that all funds are made via Coinbase Earn, and the cash in your Coinbase wallet is insured for up to $2,50,000. Coinbase Earn makes it easy for eligible customers to learn about investing in various cryptocurrencies through educational content to get the most out of the amount.
2. Binance Cryptocurrency Wallet
Binance is one of the most secure and reliable cryptocurrency exchanges that allows you to store, trade and transfer a range of cryptocurrencies. Additionally, the excellent reputation of the platform makes it a safe place to trade in all of your cryptocurrencies.
Located on the Binance cryptocurrency exchange, the wallet requires you to verify your identity in order to take advantage of specific withdrawal or trading features. This is a drawback and a major prohibition for some traders.
The digital platform supports hundreds of virtual currencies, making it the most versatile wallet in the cryptocurrency market. The wallet consists of its own BNB token which helps investors pay trading fees and provides them with other benefits.
Users are also rewarded for participating and trading on the platform. These bonus points can be adjusted into your trading fees. Moreover, the wallet also enables you to share assets such as ALGO, QTUM, and EOS, and buy other digital assets via the market or limit the purchase.
3. Exodus for cryptocurrency storage
Exodus is a free desktop wallet with a user-friendly interface, which is an attractive platform for many novice traders. It is an ideal wallet for new investors that supports more than 100 cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Binance Coin, and other obscure assets like Serum, FunFair, and many more.
The platform helps keep your private keys secure on your device and can also encrypt private keys for you. The platform is known for providing efficient one-click trading options.
The wallet is not an open source wallet and offers excellent customer support by quickly resolving all their queries.
The internal currency exchange is ShapeShift built-in, allowing all transactions to be made directly through the Exodus wallet. However, the transaction fee is not paid to Exodus. Instead, it is pushed to the network itself.
Coinomi is one of the oldest multi-currency cryptocurrency wallets trusted by over 2.5 million users, a platform that offers native support for over 1,500 cryptocurrencies and more than 125 blockchains while implementing the most important security and privacy standards.
Coinomi is a hierarchical deterministic wallet which means that it uses a proprietary algorithm to generate the account seed. The digital wallet supports multi-stage setups, and each initial stage can have its own crypto settings.
This is an exclusive feature offered by this wallet as the asset is a string of random words which acts as a kind of ‘master password’. Undoubtedly, it doubles the security layer of the account.
If you use this wallet, it is necessary to record the stages and store them in a more secure place while ensuring that you are not connected to the internet.
5. Ledger Nano S
Ledger Nano S, the highly reliable wallet, makes it easy to store a wide range of crypto assets. It is a USB crypto hardware wallet, and is best for Ethereum transactions. The wallet looks very similar to a folder flash drive.
Ledger Nano S is a hardware wallet that can run multiple applications without the risk of exposing private keys to the Internet. In addition, the wallet is relatively affordable, impenetrable, and malware-resistant.
The OLED-based hardware wallet supports more than 30 cryptocurrencies and is integrated with multiple wallets; The OLED-based hardware portfolio is specialized in creating systems with 14 keywords stored in the internal resistance to computer attacks.
Trezor is a hardware wallet that operates on a zero-trust approach, which eliminates the risk of being hacked by a third party.
One of the best multi-cryptocurrency wallets, Trezor works as a USB device and is PIN-protected. The wallet also provides its users with a recovery system in case their wallet is lost or stolen.
When the wallet is used for the first time, it displays an initial set of 24 keywords generated by RNG offline. For this reason, the device is notorious for creating an isolated environment to perform transaction signing.
Although it is primarily designed for Bitcoin, it still supports 14 other cryptocurrencies. Additionally, the intuitive interface of the wallet prevents data from hacking and theft with its robust PIN protection. The only drawback of Trezor is that it limits its connectivity to other devices, because while the USB device is not connected, the wallet is turned off.
StormGain is a no-commission platform integrated into the exchange of the same name that is known for offering a lucrative bonus system. The wallet allows first time users to earn $25 while registering using this link. The first time bonus you get can be used to replenish the deposit.
The cryptocurrency wallet supports a comprehensive range of altcoins and allows you to send, receive, exchange and buy cryptocurrencies with a bank card.
Listed in the Best Multicurrency Crypto Wallets, StormGain is a user platform that makes it easy for novice crypto investors or traders to dive into the world of crypto and enable them to conduct discreet related transactions. Additionally, the registration process is hassle-free.
WazirX is one of the best multi-currency wallets and it has gained a lot of popularity since it was acquired by cryptocurrency exchange Binance in 2019. However, the platform was founded in 2017. The wallet has more than 9 million users as of 2023.
WazirX Multicurrency Wallet has grown into the most trusted wallet in the market that helps you store hundreds of digital currencies securely.
The platform is available on web-based and mobile devices (iOS and Android). The wallet features two-factor authentication or OTP based authentication, which enhances its security which does not allow any theft and ensures secure transactions.
9. Trust Wallet
As the name suggests, The Trust Wallet is actually one of the most trusted and secure wallets in the crypto market, owned by Binance. The digital wallet is available on iOS, Android and web-based devices.
This amazing wallet allows you to manage multiple cryptocurrencies, all in one place. Well, there is more to it than that. The platform also makes it easy to track prices and charts away from the fear of hackers or scammers.
The platform has a unique ability to combine different cryptocurrencies to help you earn huge commissions for storing them in your Trust Wallet.
Besides storing your own private keys, this BTC and altcoin wallet allows you to witness the amazing experience of using dApps and decentralized exchanges, all with enhanced security.
10. Jaxx Liberty
Undoubtedly, Jaxx Liberty deserves to be on the list of best multi-cryptocurrency wallets because of the great features it offers.
The digital wallet supports more than 12 digital currencies, including Bitcoin, Litecoin, Ethereum, etc. The platform also provides a 12-word Master Seed phrase to give control and ownership. The unique thing about this gateway is that it allows users to regain access to their wallets if they are lost or stolen. Moreover, altcoins can be swapped and exchanged easily.
The dark UI of the wallet is very eye catching. Additionally, users can transact seamlessly with a one-click wallet approach. At the same time, the platform allows private keys to be stored on the user’s device, but they cannot be accessed.
Users can install Jaxx on their desktop or mobile phone as it is available for Windows, Mac, iOS, Android and Linux. In addition, dedicated customer support can help you any time you run into any issues.
11. Guarda Wallet
Are you looking for a custody-free multi-currency crypto wallet? Why not choose Guarda Wallet? The flawless platform supports more than 40 popular blockchains and thousands of their tokens, including Bitcoin, Litecoin, Ethereum, Dogecoin, Ripple, Tether, Binance Coin, etc.
It has a user-friendly interface that makes storing, transferring, receiving, and managing altcoins really easy. In addition, the trader can also buy altcoin with a credit card, unlike other platforms, and exchange crypto assets through the integrated exchange service while making fast crypto transactions.
Wallets are available for desktop and mobile devices and are supported in the Chrome extension version. The platform can be accessed effortlessly from every device connected to the internet. Moreover, the in-depth support team is known for its efficiency and quick response time.
One of the best parts about Guarda Wallet is that it does not store the user’s personal information or private keys as it is not restricted, which enhances security and reduces the possibility of hacking.
Along with the 11 best cryptocurrency wallets, check out these wallets that can also be used to store your digital assets
16. Ledger Blue
questions and answers:
Q1. Do I need a different wallet for each cryptocurrency?
Choosing a multi-currency crypto wallet makes it easier for investors to acquire more than one type of altcoin by enabling them to hold all of their digital assets in one place. It allows them to quickly manage and trade their virtual assets. So, the answer is no; You do not need to choose different wallets for each crypto-asset, as you can store a variety of them in one place, which is called a multi-coin wallet.
Q2. What is the best multi-cryptocurrency wallet?
Although all the cryptocurrency wallets mentioned in this article are safe and trustworthy, the two best ones are Exodus and Coinomi. However, choosing the best multi-currency wallet depends on your investment and trading needs. We hope we made it easier for you by breaking down the best options for making the decision today.
Searching for a suspicious and insecure crypto wallet can lead to the loss of all your digital assets. So never take any risks, and only choose trusted crypto wallets that hold your private keys in your hands like the ones we mentioned in this article!