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Best Crypto Wallets of September 2022

Cryptocurrency wallets provide users with a digital solution for securely storing and managing blockchain assets and cryptocurrencies.

These wallets allow users to spend, receive, and trade cryptocurrencies. While some cryptocurrency wallets may only provide support for a single cryptocurrency, many are multi-asset solutions, allowing users to hold multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, among many others.

  • Supported Cryptos

    1800+ (BTC, ETH, ADA)

    Type

    hardware

    Cost

    $59

  • Supported Cryptos

    1800+ (BTC, ETH, ADA)

    Type

    hardware

    Cost

    $119

  • Supported Cryptos

    100+ (BTC, ETH, ADA)

    Type

    desktop

    Cost

    Free

  • Supported Cryptos

    1600+ (BTC, ETH, ADA)

    Type

    hardware

    Cost

    $190

  • Supported Cryptos

    BTC, ETH, ERC-20 tokens

    Type

    mobile

    Cost

    Free

  • Supported Cryptos

    Bitcoin

    Type

    desktop

    Cost

    Free

How to choose a cryptocurrency wallet

To choose the right wallet for you, consider your needs and compare cryptocurrency wallets based on key factors that include:

  • The type of wallet you want. This factor comes down to personal preference. For example, if security is your No. 1 priority, compare hardware wallets. But if you want to quickly and conveniently access your coins, a mobile or web wallet may be your preferred choice.
  • Ease of use. Sending, receiving and storing cryptocurrency can be complicated and confusing, particularly for beginners. Your wallet should suit your tech knowledge and crypto experience. While crypto novices might focus on finding a wallet that’s simple to set up and use, experienced holders might look for advanced features, like an in-wallet exchange and multisignature transactions.
  • Security features. Find out what security features the wallet includes, such as two-factor authentication and multisig functionality. Will your private key be stored online or offline? Has the wallet ever suffered security breaches?
  • Other features. Does your wallet include the ability to exchange among currencies in your wallet or provide easy access to live fiat exchange rates or other market information.
  • Supported cryptocurrencies. Are you looking for a wallet that stores just one crypto, like Bitcoin, or are you in the market for a multicurrency wallet? Make sure the wallet you choose is compatible with the cryptocurrencies you need to store, and remember that some coins and tokens can only be held in an official wallet.
  • The team behind the wallet. See what you can find about how long the company’s been in business. What qualifications do they have? Are they continually working to upgrade and improve the wallet?
  • Costs. While most crypto wallets are free, choosing a hardware wallet means parting with some cash. Consider the upfront price and shipping costs when making your decision. Some wallets also charge a fee for every transaction you make. Read the fine print to see what you’ll pay.
  • Reputation. What level of community trust does the wallet have? Check out independent online reviews to gauge how other users rate the wallet and whether they’d recommend it.

Methodology

We looked at more than a dozen crypto wallets all over the world and decided on the top hot and cold wallets based on factors such as security, costs, and customer reviews. Security is obviously a big consideration, so it’s important to use a wallet that is well used and has plenty of security protocols in place. It’s also important to choose a wallet that works well with some of the larger exchanges so that you can quickly complete transactions in the open market.

Frequently asked questions