With the rise of cryptocurrency, many ways to store assets have appeared on the market. For this purpose, you need to choose the best cryptocurrency wallets that will meet all your requirements.
Cryptocurrencies are available in hardware and software. The first ones are categorized as cold (no network access) and the latter as hot (connected to the network).
Let’s take a look at the top 2022 best wallets for storing cryptocurrency (usdt, btc, eth and others). Their main features, advantages and disadvantages, so that you can choose the best cryptocurrency wallet for yourself.
Top 3 best cold wallets
A hardware crypto wallet is a physical device. It creates public and private keys that are stored on the same device without access to the network. Such devices are referred to as cold wallets.
1. Trezor Wallet
It is a multi-currency device for storing cryptocurrencies.
Pros:
- it supports almost all currencies;
- simple interface;
- has its own desktop application, as well as the ability to connect to other hot cryptocurrency wallets.
Cons:
- cost;
- there have been cases of hacking;
- no app for mobile devices.
2. Ledger wallet
Ledger supports all popular blockchains and currencies.
Pros:
- high degree of security and reliability;
- can connect to any hot adds-on for crypto;
- budget price.
Cons:
- commission when withdrawing to bank cards;
- sometimes the mobile extension hangs up.
3. Safepal wallet
Safepal started out as a mobile app. Now it’s a full-fledged cold cryptocurrency wallet for storing coins.
Advantages:
- convenient proprietary extension, available on android and iOS;
- supports almost all blockchains and cryptocurrencies;
- self-destruct mechanism;
- Binance exchange can be interacted with directly through a mobile device.
Disadvantages:
- both a mobile app and a physical device must be used to ensure maximum protection;
- no desktop app.
Top 3 best hot wallets
A software wallet is an application or software with internet access that is suitable for various online transactions. Such methods of storing cryptocurrencies are also called hot.
1. Binance chain wallet
A product of the exchange of the same name that allows users to get advanced features.
Advantages:
- reliability and high security of the assets;
- suitable for beginners;
- many features and support for almost all currencies.
Disadvantages of Binance chain:
- fee for card withdrawal transactions;
- speed is lower compared to other devices and extensions.
2. Trust Wallet
A mobile app for Android and iOS that is a multi-currency crypto-wallet that is suitable even for beginners.
Advantages:
- supports most blockchains and currencies;
- free of charge;
- user-friendly interface;
- cryptocurrency purchase via bank cards.
Disadvantages:
- no pc version of the programme;
- limitations of functionality on iOS.
3. MetaMask Wallet
A handy programme through which you can interact with many blockchains.
Pros:
- the best browser-based cryptocurrency wallet;
- mobile app for IOS and Android;
- you can connect any cold cryptocurrency wallet;
- simple interface.
Cons:
- does not support all currencies;
- only one hardware wallet can be added to the mobile version.
Which cryptocurrency wallet to choose
The best cryptocurrency wallets are those that suit your needs.
Cold (non-custodial) wallets are considered safer. They are ideal for storing large amounts of crypto. For constant exchange, it’s more convenient to use hot (custodial) crypto wallets.
The most suitable option is to leave your main assets on the cold one, and dump them on the hot one as needed.
