Choose a multi-currency wallet for cryptocurrency

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Choose a multi-currency wallet for cryptocurrency

A multi-currency wallet for cryptocurrency is a wallet that supports several types of digital coins. This is the most convenient means of storing and exchanging crypto currency. There are such wallets as an online, mobile, local and hardware, based on the type of storage of crypto currency (read more here). Below, we selected the most popular variants, taking into account which platform they work on and what crypto currency they support.

Coinbase – founded in June 2020, is a wallet and a platform for digital currencies, where traders and buyers are able to perform transactions with bitcoin, ether and lightcoin. The company is located in San Francisco, California.

Type of wallet – Mobile, Online

Platform – iOS, Android, Web Browsers

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH)

KeepKey is a hardware cash-in-transit wallet that protects the trader’s assets from hackers and thieves, since the purse software takes control of the secret key generation, the secret key storage and the signing of the transaction. This private key is generated directly using its own random number generator in conjunction with the randomness provided by the user’s computer. With KeepKey, every transaction that is conducted will be verified with the help of OLED-display and approved only after clicking the confirmation button of its execution.

Type of wallet – Hardware

Platform – Mac OSX, Linux, Android

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Doge (DOGE), Namecoin (NMC)

Ledger is a leader in security and innovative solutions for crypto-conversions. The headquarters of Ledger are in Paris, Vierzon and San Francisco. The company was founded in 2020.

Type of wallet – Hardware

Platform – USB, Web Browser – Google Chrome

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum Classic (ETC), ZCash (ZEC), Ripple (XRP) Doge (DOGE), Stratis (STRAT), Komodo (KMD), Ark (ARK), Expanse (EXP), Ubiq (UBQ), Vertcoin (VTC), Viacoin (VIA), Neo (NEO), Stealthcoin (XST) Stellar (XLM), Hcash (HSR), Digibyte (DGB), Qtum (QTUM)

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Jaxx – created in 2020 by Anthony Dirio, co-founder of Ethereum. This wallet, running on iOS, Android, Windows, Mac and other platforms, which contains 25 crypto-currencies and available tokens.

Type of wallet – Desktop, Mobile, Online

Platform – Mac OSX, Linux, Windows, iOS, Android, Web Browsers – Google Chrome / Firefox

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Ethereum Classic (ETC), ZCash (ZEC), Doge (DOGE), Golem (GNT), Augur (BAC), Basic Attention Tokens (BAT), Gnosis (GNO), Digix (DGD), Iconomi (ICN), Monaco (MCO), Bancor (BNT), Aragon (ANT), TokenCard (TKN), Civic (CVC) STOX (STX), EOS (EOS), FirstBlood (1ST), Status (SNT), Po.et (POE), Qtum (QTM), Wings (WNG), Edgeless (EDG), Melon (MLN), Cofound. (CFI), Matchpool (GUP), Creditbit (CRB), iExec RLC (RLC), Musiconomi (MCI), Santiment (SAN), Maecenas (ART), Salt (SLT), TenX (PAY), Enjin (ENJ) , BlockMason (BCP), Etherparty (FUL), DomRaider (DRT), PayPie (PPP), Unikoin Gold (UKG), Presearch (PRE)

Trezor is a crypto-currency wallet that provides a high level of security without damaging the user’s convenience. Trezor allows you to quickly connect the storage to your computer and conduct a transaction is completely safe, even if the computer was susceptible to hacking.

Type of wallet – Hardware

Platform – USB, Web Browsers

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum Classic (ETC), ZCash (ZEC), Expanse (EXP), Ubiq (UBQ), NEM (XEM), Doge (DOGE), Namecoin (NMC), ERC-20 Tokens

Exodus is a multiprocessor crypto-currency wallet with an easy-to-use interface. This wallet has a built-in exchange mode, with which you can exchange the coins supporting them in a moment. The wallet will be safe and always ready for use thanks to the backup wizard.

Type of wallet – Desktop

Platform – Mac OSX, Linux, Windows

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Golem (GNT), Augur (REP), Decred (DCR), EOS (EOS), Aragon (ANT), Gnosis (GNO), OmiseGo (OMG), Basic Attention Token (BAT), Civic (CVC), SALT (SALT), FunFair (FUN), District0x (DNT)

Cryptonator is a multi-currency online wallet for storing crypto-currency, which allows you to simultaneously store and exchange the crypto-currencies it supports between you or the usual currency (USD, EUR, RUR, UAH). Cryptonator is a completely anonymous online crypto-wallet, a father-in-law does not need to undergo a verification procedure.

Type of wallet – Mobile, Online

Platform – iOS, Android, Web Browser – Google Chrome

Cryptocurrency i- Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Ripple (XRP), Monero (XMR), ZCash (ZEC), Doge (DOGE), Peercoin PPC)

Freewallet is an easy and fast operation with Bitcoin Gold and other digital coins regardless of the time and place of your location. Using this wallet opens the possibility to conduct instant operations with crypto-currencies and make profit from investments.

Type of wallet – Mobile

Platform – iOS, Android

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Monero (XMR), ZCash (ZEC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Doge (DOGE), Tether (USDT), Lisk (LSK), Steem (STEEM), Decent (DCT), Nxt (NXT), Ardor (ARDR), Fantomcoin (FCN), Bytecoin (BCN), DigitalNote (XDN), Bancor (BNT), EOS (EOS)

HolyTransaction is a multi-currency online wallet for storing 15 kinds of crypto-currency.

Type of wallet – Online

Platform – Web Browser – Google Chrome

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), ZCash (ZEC), Doge (DOGE), Decred (DCR), Tether (USDT), GameCredits (GAME), Omni ), Syscoin (SYS), Peercoin (PPC), BlackCoin (BLK), FairCoin (FAIR), GridCoin (GRC)

Coinomi is a crypto-currency wallet that supports around 80 crypto-currencies. Behind it is assigned the second place in the list of applications for devices running on Android. Coinomi is primarily free use and available source code.

Type of wallet – Mobile

Platform – Android

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum Classic (ETC), ZCash (ZEC), Auroracoin (AUR) Bela (BELA), BlackCoin (BLK), BritCoin (BRIT), Canada eCoin (CDN), DigiByte (DGB), Doge (DOGE), Einsteinium (EMC2), GameCredits (GAME), GridCoin (GRC), Gulden (NLG) , Internet of People (IOP), LBRY Credits (LBC), Linx (LINX), MonaCoin (MONA), Peercoin (PPC), PinkCoin (PINK), PIVX (PIVX), Stratis (STRAT), Syscoin (SYS), Verge (XVG), Vertcoin (VTC), ZenCash (ZEN)

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Multi Cryptocurrency Wallet

Cryptocurrencies have been in the limelight lately because of its market fluctuations and mesmerizing technological innovation. But to invest or trade in digital currencies, getting a cryptocurrency wallet is one of the major requisition. Without a wallet, there can be no transactions. Owning a good wallet is a prerequisite to saving yourself from all sorts of threats, hacks or scams, hence you must own a wallet, which is genuine and can keep your funds safe and secure.

What Is A Cryptocurrency Wallet?

A crypto wallet works just like a bank account where we can store the transactions made, can use to send and receive digital currency.

As we know, having a digital wallet is not registered under the law of any country, we have to choose the cryptocurrency wallet for digitized transactions carefully. Selecting the wrong wallet might lead to your money loss.

Hence, it’s very critical to understand the benefits of each of the wallets before using one for yourself.

A multiple currency wallet or multi-currency wallet or universal cryptocurrency wallet is the one which supports more than one cryptocurrencies. It is beneficial because you don’t to keep many many wallets to keep your cryptos. Let’s discuss the best cryptocurrency wallet for 2020 which can be used for multiple cryptocurrencies:

List of 12 best multi-cryptocurrency wallets in 2020

The top 10 multi-cryptocurrency wallets in 2020 are:

  • Ledger Nano S
  • Ledger Blue
  • KeepKey
  • Jaxx Liberty
  • Trezor
  • Freewallet
  • Exodus
  • Guarda
  • Atomic Wallet
  • Coinomi
  • COINS
  • CoinPayments

    Ledger Nano S

    Ledger Nano S is a USB sized cryptocurrency hardware wallet which is best for Ethereum transactions. It is multi-asset hardware which looks like a folding flash drive. The best part is that it can store Bitcoins, Ethereum, Ethereum tokens, and more than 30 other digital currencies. It works like a USB device, which when connected to the device needs the device to confirm transactions.

    It is safe and can run multiple apps, relatively inexpensive, unhackable and malware proofed. It is a hardware wallet to there is no risk of the private keys to get exposed to the internet. This is one of the best cryptocurrency wallets available these days.

    It can support and store more than 30 cryptocurrencies and can integrate with multiple software wallets. Lastly, it is one of the affordable OLED-based hardware wallets.

    Click here to access Ledger Nano S

    Ledger Blue

    Ledger Blue is the most advanced security gear on the market, also known as the Rolls Royce of cryptocurrency hardware wallets. It is made by the same organization as Ledger Nano S. It comes with a Bluetooth, a rechargeable battery, and a large touchscreen. It is easy to transport and store because of its light-weighted characteristic. It works with multiple currencies and apps.

    It looks like a mini iPad or a tablet, mainly designed for entertainment purposes.

    The only drawback is that it is costly. But if you want high-class security, it is one of the best wallets. If you are looking for a better and advanced version of hardware wallet for your cryptocurrency, then you must check this wallet right away. This is also universal cryptocurrency wallet kind and it supports more than 20 cryptocurrencies including Ethereum, Ethereum Classic, Ripple, ARK, Stratis, NEO and many more.

    Click here to access Ledger Blue

    KeepKey

    Keep Key secures Bitcoin, Litecoin, Ethereum, Dogecoin, Dash, and Namecoin. They claim to be virus or malware proof, and assets are secured from thieves and hackers. KeepKey is a Bitcoin hardware wallet with advanced security against virtual and physical theft. Now, a lower price tag means more users can give it a try. In addition to Bitcoin, the KeepKey wallet enables the storage and transaction of a variety of cryptocurrencies.

    KeepKey integrates with the wallet software on your computer by taking over a private key generation, private key storage, and transaction signing.

    Its top-notch security almost makes it impossible for hackers to steal the private key.

    Click here to access KeepKey

    Jaxx Liberty

    Jaxx is relatively a new crypto that beliefs in simplifying the blockchain and attracting the masses to its unique selling proposition. Jaxx is a multi-chain wallet that offers support for seven cryptocurrencies, namely Bitcoin, Ethereum, Dash, Ethereum Classic, DAO, Litecoin, Bitcoin Cash, REP and many more.

    Jaxx gives you full control over the wallet, which is highly accessible with desktop and mobile compatibility. It allows you to quickly convert between bitcoin, Ethereum, and DAO, and will also work for all the coins, the Jaxx developers integrate in the future. It has been tagged as one of the best multi-currency wallets in the cryptocurrency wallet review. Its available in the form of a desktop app, Android and iPhone apps and Chrome extension.

    Click here to access Jaxx Liberty

    Trezor

    Trezor is a hardware Bitcoin wallet that also acts like a USB device, which operates on the “Zero Trust Approach”, which minimizes the compromise by a third party. It is one of the best multi-cryptocurrency wallets.

    Trezor is protected by a PIN and provides you with recovery seed if your wallet is stolen or lost. It is specifically a Bitcoin wallet but supports 14 other cryptocurrencies. It has an easy-to-use interface and saves from hacking and thefts by their difficult protection PIN.

    Just that it limits its communication with other devices. When the USB device isn’t connected, it’s turned off.

    Click here to access Trezor

    Freewallet

    Freewallet is an online multi-currency wallet that supports multiple currencies like Bitcoin, Ethereum, and more than 30 crypto tokens, wherein it enables the free transaction between the freewallet users. You can even buy cryptocurrencies with the help of a credit card. It is not only a web wallet but its also available for mobile devices to download, such as iOS and Android. Freewallet provides some of the best features like multi-signature transaction confirmation, 2-factor authentication and many more.

    Click here to access Freewallet

    Exodus

    Exodus is a desktop supported cryptocurrency wallet. Exodus supports nearly three dozen cryptocurrencies including Bitcoin, Litecoin, Dash, Zcash, Ethereum among the popular ones.

    As Exodus is a lite wallet, you never have to store the entire blockchain in your desktop.

    Exodus galore with its pros over its cons. It has a very good interface with good access to the wallet, i.e full control.

    Transactions over a crypto network can be made directly through the Exodus wallet. The transaction fee is paid to the network itself and not Exodus.

    Click here to access Exodus

    1. Guarda Wallet

    Guarda Wallet is a custody-free, multi-currency wallet for over 45 blockchains and thousands of tokens. The storages come in Web, Desktop, Mobile (iOS, Android) and Chrome Extension versions. The coins that Guarda supports include Bitcoin BTC, Ethereum ETH, Bitcoin SV, Monero XMR, Zcash (Shielded transactions are supported, too), Dash, Ethereum Classic and more. The extended functionality of the wallet also allows built-in exchanges, purchases, selling cryptocurrency for fiat and operating with Ledger hardware wallet. Staking, delegation and more currency-specific features of supported blockchains are also there for Guarda users to try out.

    Guarda is secure, as it does not store any personal data of the clients – all the wallets are non-custodial, with backups encrypted and stored on the user’s device. From the point of safety, coin and feature support as well as versatility, Guarda is one of the best cryptocurrency wallets on the current market.

    Click here to access Guarda wallet.

    Atomic Wallet

    Atomic wallet is a universal multi-currency wallet that supports over 300 cryptocurrencies, which can be managed from a single interface. Atomic wallet is available for many operating systems- Windows, Mac, Fedora, Ubuntu, etc. The setup process is pretty easy and fast, with in-demand service that enables users to reduce the managing effort for multiple cryptos and make it reliable and transparent.

    Click here to access Atomic wallet

    10. Coinomi

    The Coinomi Wallet is a mobile multi-currency cryptocurrency wallet for the Android OS and iOS version, too. Coinomi is a mobile wallet which has robust privacy features and an intuitive interface for fast and easy trading.

    Coinomi is free to use and supports over 70 cryptocurrencies including Bitcoin, Dash, Dogecoin, Ethereum, Litecoin and Zcash to name a few.

    Coinomi is a hierarchical deterministic wallet which creates more privacy by having a new wallet address created for every transaction.

    Click here to access Coinomi

    11. COINS

    COINS app, is an iOS-specific wallet that supports more than 1500 cryptocurrencies. It is a non-custodial wallet hence the entire control over his assets is vested upon by the users. Not only can you browse and explore the coins free of cost, but you can even swap your existing coins. COINS wallet is developed by Coinpaprika, and enables you to control multiple currencies from a single app. You can even purchase cryptocurrencies by using FIAT through this app.

    Click here to access COINS

    12. CoinPayments

    CoinPayments is a digital web-based cryptocurrency, which has no registration fee but a minimal transaction fee. The best thing about CoinPayments is their visibility and their multi cryptocurrency wallet support feature.

    CoinPayments has integrated with BitGo to make it the most secure wallet, which allows you to store multiple digital currencies without any limit set. A vault feature has been added to protect and secure the money from hackers. It supports over 60 coins- Bitcoin, Litecoin, Neo, Tron and more.

    CoinPayments provides with a variety of innovative services, including cold storage, multi-signature, instant confirmations, plugins for easy integration of payment features and merchant tools, vaulting for long-term storage.

    How to Choose the Best Cryptocurrency Wallet

    So, you want to get involved in cryptocurrency, but you don’t know what a cryptocurrency wallet is and/or what the best cryptocurrency wallet is? Well, in this article, I will guide you through the advantages and disadvantages of different wallet services – from apps, hardware and website services – and how they work.

    Cryptocurrency wallets are an important bit of software – this is the program that will store all your crypto ‘keys’ (which we will discuss later). Keeping this safe is crucial! They’re a bit like a vending machine in a public place – anyone can insert money into the vending machine, but only those with the keys to the vending machine can remove the money. This put simply is what a crypto wallet is.

    Picking the right crypto wallet is the difference between a safe cryptocurrency experience and a really bad one that sees you losing all your cryptocurrency money. Being safe online with cryptocurrency means having the best cryptocurrency wallet available.

    There are loads of different types of crypto wallet services. There are app-based cryptocurrency wallet services, offline services, and web-based services to pick and choose from. By the time you finish reading this guide, you’ll be able to pick the right wallet service for your own individual needs.

    First, let’s find out what a cryptocurrency wallet actually is!

    Table of Contents

    Best Cryptocurrency Wallet: What is a Cryptocurrency Wallet?

    A cryptocurrency wallet is a software program that holds the keys you use to send and receive various blockchain cryptocurrency tokens. It literally stores your ‘private’ keys and your ‘public’ keys – the secure way wallets communicate with blockchain cryptocurrency ledgers.

    It also lets you look at your cryptocurrency balances. The interface, the way the software looks, helps users to understand their cryptocurrency holdings (how much they have in different cryptocurrencies like Ethereum, Bitcoin or Ripple).

    The way blockchain works are that ‘ledgers’ get updated across all ‘nodes’ on the blockchain network. This means all individual ‘ledgers’ are updated at the same time – this means a wallet doesn’t hold crypto money but a record of transactions.

    Note: A ‘ledger’ is another word for a ‘database’. The word ‘ledger’ is much more common than ‘database’ in the crypto world, so you’ll hear it often!

    Oh, also: A ‘node’ is what we crypto geeks call the individual computers that run and maintain the blockchain.

    Unlike the wallet in your pocket (which hopefully has some money in it) your cryptocurrency wallet doesn’t store money in the same way a PayPal account stores funds. This is the crucial difference between cryptocurrency wallets and other online money accounts.

    Best Cryptocurrency Wallet: The Importance of Protecting your Crypto

    Investing in crypto isn’t easy. You need to get a crypto wallet and deposit money into an exchange to buy different cryptos – and we’re not even going to talk about transfers between banks. There are so many different moving parts and when they’re working as they should be, investing in crypto can be easy. But if one part stops working, it all stops working.

    In the world of cryptocurrencies, your mobile phone, your hard drive or removable storage becomes the bank vault. That is what decentralization has done. By cutting out the middle man (banks and governments), crypto has made people stronger, but this all comes at a risk.

    By making you stronger, it also places all the responsibility on you to make sure your cryptocurrency is safe.

    Let’s see an example – Meet Cody

    To show you how unsafe crypto wallets can be, I’d like to introduce you to Cody Brown. Cody is a blockchain and crypto writer, investor and all-around ‘commentator’. Yet, even he managed to lose $8,000 dollars in 15 minutes.

    His story should make everyone understand why crypto wallet security is important:

    Cody received a text/SMS message at 11:31 pm. His cell phone provider messaged him to say he was on the phone with customer services and a new payment method had been added. This surprised Cody because Cody wasn’t on the phone to the cell company.

    He was very worried, so he tried to call his cell phone company, but there was no answer. In real-time, he watched as his phone was cyberattacked. He saw his Gmail email account being accessed, and his crypto wallet being hacked. He saw Ethereum, Litecoin, and Bitcoin being sent from his wallet to the hacker’s wallet address. As Cody said: “Adios, hopes and dreams fund — $8,000+ is gone in fifteen minutes”. So that’s definitely not what you want when choosing your best cryptocurrency wallet.

    That’s how fast it can happen! It happens daily, so you need to know how to protect yourself and keep your crypto safe.

    Having a really safe place to store your cryptocurrency is important. Your crypto wallet is your friend when it comes to making your cryptocurrency investments safer. The next section will discuss the advantages and disadvantages of the different wallets available.

    Best Cryptocurrency Wallet: Cryptocurrency Wallets – A Profile

    Do you want to store cryptocurrency on a smartphone, a computer or offline? There are a lot of different ways you can own a cryptocurrency wallet. This section will outline the different wallet technologies available and the advantages and disadvantages involved with using them.

    Mobile Phone Wallets

    App-based wallets are incredibly popular. Which one is the best android crypto wallet or apple wallet app available? The top three highest rated wallet apps include – Mycelium, Cryptonator, and Copay. In order to review these apps, we will look at the advantages and disadvantages of the apps and how they function as a wallet.

    Mycelium

    Mycelium is a mobile bitcoin wallet app that’s really easy to use and convenient. It has a strong history within the Bitcoin and cryptocurrency industry. Launched in 2008, Mycelium has been an early player in the crypto wallet field – helping to make one of the best cryptocurrency wallets available.

    Mycelium provides its wallet service through an app for smartphone users. It has a very easy-to-navigate user interface (app layout). It is easy to use the tabs provided to jump between different tasks — from sending or receiving Bitcoin to looking after your security and settings.

    Mycelium provides Hierarchical Deterministic wallet security. HD is a smarter way of protecting the Bitcoin address and the Private Keys by providing an all-in-one Bitcoin wallet security system. Another big advantage is that Mycelium is often mistaken for open source.

    But in fact, it uses the Microsoft Reference Source License, which provides limited cover for the technology’s underlying code – helping to keep the technology secure.

    The biggest disadvantage of Mycelium is bad customer service and transaction fees. There is very limited customer support and the transaction fees are volatile — they can jump with some paying above market average fees for Bitcoin transaction costs.

    Cryptonator

    Cryptonator is a really easy and secure cryptocurrency wallet app. It allows instant direct cryptocurrency payments and exchanges between different cryptocurrencies — from Dash, Monero to Bitcoin. Cryptonator’s popularity is because of its multi-currency account feature. The app allows you to store, send, receive Bitcoin and other popular coins (19 at present) from the comfort of your mobile phone.

    Cryptonator is really big on security — meaning you can trust the app. It uses bank-grade security technology which means it uses professional security systems. It also uses Encrypted SLL web connection technology using HTTPS Google-approved web connection protocols, along with 2-Factor Authentication and Trusted IP technology to help provide the best app-based security.

    One of the biggest advantages to Cryptonator is the low Bitcoin transaction/sending fees (around 0.00010000BTC). This is below other crypto wallet providers. This helps to make Cryptonator one of the best cryptocurrency wallets services available.

    Cryptonator has a bad reputation for customer service. This is a big disadvantage. People are often waiting long periods for money to transfer and this can create problems when people get in touch with customer services — the wait and uncertainty doesn’t help.

    Copay

    Copay was developed by Bitpay and this has made it incredibly popular. It is a wallet that has pure ‘convenience’, which means it is very easy to use! The layout — the way the app works and how the user goes about using it — is very simple.

    The biggest advantage to the Bitpay Copay app is that it has very good security – and strong privacy settings – which means you can trust the app. It uses state-of-the-art HD-multisignature technology from Bitpay. It is also designed for sharing. This is what makes it the best crypto wallet available – you can share easily with friends and family, just like a joint checking account!

    The HD technology that Bitpay uses means you can restore your wallet if anything goes wrong. This is the best choice for Apple users over other types of wallets. It is also the best Android crypto wallet available as well.

    The only disadvantage is with customer service (we’re seeing a pattern here, aren’t we?). This is a problem with all app/web-based providers – many are tiny companies and with hundreds of thousands of users, so customer service is a problem.

    Overall, what we have found is that phone-based crypto wallets can be very useful. There are problems with security, but wallets that use HD and 2FA technologies are really safe. They use sound security systems and provide reasonable support. The biggest problem is customer service — all of the examples above have really bad customer service.

    Mobile wallets are definitely very useful for on-the-go usage, but are they the best cryptocurrency wallet type? Let’s check out the others first before deciding…

    Jaxx Liberty

    Freedom, simplicity, and professional design. This is how you could describe Jaxx Liberty. Rich in all kinds of features, the rebranded version of previous Jaxx, is suitable not only on mobile but also on the desktop with web extensions.

    Unlike previously mentioned wallet disadvantages, Jaxx Liberty’s customer support is one of its advantages. Well trained professionals are there to make user’s experience even smoother.

    The wallet allows you to customize and adjust to only show the tokens and coins you want, not every one of them. The interface is designed in a way to help you understand numbers through diagrams, dashboards, and charts.

    In order to keep all your crypto belongings safe, Jaxx Liberty gives you full control over your keys and you can import or export from or to your other wallets. That means that everything depends on you and the wallet does not include itself in the process and has no responsibility for your actions.

    Just like any other wallet, Jaxx Liberty also applies fees to your transactions. Although it is worth to mention that these fees are not collected by the wallet itself, they are sent to the miners in the network.

    In conclusion, despite the fact that there are not 2-FA features, Jaxx Liberty is definitely worth your attention. A user-friendly interface and well-trained customer support will answer all your questions immediately.

    Web Wallets

    Web wallets are a big problem. This is because they aren’t totally secure – you never get access to your own private keys. At best they are a temporary way of moving crypto from one place to another. But we should spend a moment explaining why they are not the best cryptocurrency wallets type.

    Coinbase is a popular online broker exchange in which you can buy and sell cryptocurrency with fiat (USD, EUR, etc.). When you buy your crypto on Coinbase, it is stored in a Coinbase web wallet. The bad thing about web wallets is that they are much riskier than software wallets — if Coinbase’s server is hacked, you could lose all your cryptocurrency.

    In the past two years, Mt Gox and Coincheck are two major crypto platforms that have been hacked. In these hacks, hundreds of millions of dollars’ worth of cryptocurrency were lost. People lost their crypto and in one case, the Mt Gox company went bankrupt.

    People easily mistake exchanges for wallets — but people also mistake secure wallets for insecure wallet providers. Avoid online wallet platforms. They can be hacked, and many don’t provide the private key – which really means its not a wallet-type service. In my opinion, the best cryptocurrency wallet must also be the most secure!

    To be clear: I would never recommend leaving your cryptocurrency on an exchange!

    Paper Wallets

    Paper wallets are one of the safest ways of securing your cryptocurrency – they are are an offline way of holding a cryptocurrency. Put simply, it is literally printing off QR codes that represent your public and private keys. This offline safety net means you have absolute control over your cryptocurrency investments. This is one of the best cryptocurrency wallets format available!

    However, paper wallets aren’t suitable for everybody. If you trade daily or weekly, having paper keys will become very difficult to manage — you’ll be using a lot of QR codes.

    The paper wallet is best suited for the long-term cryptocurrency investor. If you plan to buy big, over the long term, using paper wallets could provide you with the ultimate peace of mind, as it is one of the safest ways to store your cryptocurrency!

    Services like BitcoinPaperWallet.com allow users to print Bitcoin paper wallets for the best offline Bitcoin storage solution. You can buy a tamper-proof offline paper wallet with full QR code availability. Services like BitcoinPaperWallet.com can provide long-term Bitcoin investment security.

    You should note that paper wallets need to be stored safely. Any water, environmental or fire damage could result in the full loss of your crypto. You could lose everything — but this is true of all wallets if they get hacked or lost.

    It is about being responsible – looking after your codes. We recommend storing a copy of your paper wallet with a trusted family member if possible. This way, you have a backup of your private key if your original is lost or damaged.

    Software Wallets

    Software crypto wallets are like web-based wallets because they’re installed on a computer and everyone’s computer is linked to the internet. This means they are “hot wallets”. This means they could be hacked remotely because of internet access. But if you trade in low volumes, desktop software crypto wallets could be the best cryptocurrency wallet for you!

    The most popular desktop Bitcoin wallet is Electrum — it is available to download for Windows, Mac OS, and Linux operating systems. This is the most popular desktop software wallet, but it is also the most technical. If you are new to Bitcoin and crypto, this software might not be the right choice for you.

    The biggest advantage of software wallets — like Electrum — is the fee adjustment setting. When the Bitcoin network becomes busy, fees go up as people wait for transaction confirmations to occur. Electrum allows users to change the transaction fee to help speed up the transaction.

    The easiest software wallet to use is Exodus — it is a beautifully designed wallet that supports multi-coin exchanges, including Bitcoin, Ethereum, Litecoin, Dogecoin, and Dash. It allows you to manage your keys, presents your investment in easy-to-understand charts and is totally customizable — meaning you can make it perfect for you.

    Software desktop wallets are not suitable for everyone. If you are holding large sums of cryptocurrency, it would be better to use a more secure wallet type, like a paper wallet or a hardware wallet (which I’ll explain in a second). The software desktop wallet is better than the web wallet, but it isn’t the best crypto wallet type available.

    Hardware Wallets

    Hardware wallets are one of the safest ways to store cryptocurrency investments. They are what is known as “cold storage”. Which means it is offline and it is more secure than “hot storage” wallets (like software wallets or web wallets). Therefore, in my opinion, this is the best cryptocurrency wallet type to choose from.

    The hardware wallet differs from the paper wallet in that it provides built-in high security. The hardware wallet, which looks like a USB flash drive, has advanced security. This means the device cannot be accessed by people without the correct password. It helps greatly to improve security.

    However, remember that hardware wallets can fail. If you lose it, you lose the cryptocurrency. If it gets corrupted, you may not be able to restore it — so again, you lose your cryptocurrency. Also, hardware wallets have become targets.

    With the popularity of cryptocurrency grows, robberies have happened in the past year in which hardware wallets have been targeted and stolen from peoples’ homes.

    Cost is another disadvantage. The fees of paper, web or app-based wallets are a lot less than hardware wallets. This is because you’re buying a digital safe. It’s a USB drive with excellent memory and security. They start from $85-$99+, and some cost upwards of $2,000 dollars!

    If you plan to trade cryptocurrency with some regularity and would like offline (‘cold storage)’ crypto wallet protection, hardware wallets are a good choice. Remember, this is like owning a safe deposit box. You need to remember the access code because no one else can help you access it if you forget the code.

    Trezor Wallet

    My favorite hardware wallet, and by far the most popular, is the Trezor wallet. I could call it my best cryptocurrency wallet. It is a “bulletproof” Bitcoin wallet and is hyper-secure — it supports Windows, Linux, Max and has one of the best Android wallet apps available for cold storage crypto investment.

    The Trezor hardware wallet has full two-factor authentication, a password manager app, and is compatible with ERC-20 tokens. It also provides cryptocurrency support for a range of different crypto coins, including Dash, Bitcoin, and Ether.

    It’s easy to use, you plug in the USB adaptor. You connect via the computer and you can reset using the management software included. Total control, total security and total peace of mind. It’s tiny as well and can fit in the palm of your hand. Other models like KeepKey and Ledger also provide hardware wallets with great in-built security.

    Best Cryptocurrency Wallet: Conclusion & Recommendations

    This guide has attempted to bring together all the different wallets available for cryptocurrency investors. Every crypto investor, trader, and the user will need a wallet so it’s up to you to choose your best cryptocurrency wallet.

    We have read about app-based wallets, like Mycelium. We have looked at online wallets, like Coinbase. We’ve also looked at software wallets, like Electrum. We have looked at paper wallets, like BitcoinPaperWallet.com. Finally, we looked at hardware wallets, like Trezor.

    What we discovered was that “hot wallets” are not 100% safe — they’re only good for small trades. Examples of “hot wallets” include Desktop Software Wallets and App/Web-based Wallets. For bigger trades, you need “cold wallets”.

    These are much better for holding cryptocurrency long term. Examples of cold wallets include the Paper Wallet and the Hardware Wallet. However, they’re not suited for all different types of crypto investment.

    I recommend paper wallets for long-term HODL-based crypto-investments. However, for regular big money crypto investments, we recommend hardware wallets like Trezor and Ledger. For a comparison between the Trezor wallet and Ledger wallet (the two most popular hardware wallets), read our Trezor vs Ledger review.

    We found that offline cold storage of crypto investments means you have more security – it’s like keeping your bitcoin in a vault. It is only you who knows the access codes, and that’s what makes it so secure and safe!

    You are the individual responsible for your own cryptocurrency security. Cryptocurrencies are unregulated. So you must make a lot of research before choosing your best cryptocurrency wallet. There are no government rules, so if you lose them, there is nobody to help you. Using paper wallets and hardware wallets can promote good cryptocurrency ownership — meaning your crypto remains safe and secure.

    I believe hardware wallets are the best crypto wallet type, with paper wallets not far behind!

    Make sure you think about your wallet security before you end up as a victim and get your wallet hacked as Cody Brown did! You don’t want your hard-earned cryptocurrency stolen, do you? Take responsibility, use good wallet services and keep your cryptos safe.

    Let us know: in your opinion, what is the best cryptocurrency wallet?

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