There are many digital currency wallets you can choose to store your coins, which can make it somewhat difficult for newcomers to pick one.
In this guide, you will find information on some of the top mobile wallets, hardware wallets, desktop wallets, and hybrid wallets so that you can choose a wallet that is right for you as an investor. Each wallet is rated on a scale of 1 to 5 in such categories as user-friendliness, security, and level of privacy.
|Mobile Wallets||Description||User-Friendliness||Security||Reputation||Number of Supported Digital Assets||Years in Business||Level of Privacy||Score|
|BRD||BRD, also known as Breadwallet, is a secure and easy-to-use mobile wallet that supports several digital assets. |
The Switzerland-based startup behind BRD wanted to ensure that its users are in full control of their funds, hence private keys are held by the users. The Switzerland-based startup behind BRD wanted to ensure that its users are in full control of their funds, hence private keys are held by the users.
|Copay||CoPay is widely considered one of the most secure bitcoin mobile wallets in the market. |
Launched by BitPay, CoPay is an HD-multisignature wallet that gives users full control over their digital funds.
|Coinimi||Coinimi is a popular mobile wallet among altcoin investors as it enables users to store a vast number of digital assets in one place. |
Coinimi does not hold user information on its servers, which makes it a secure wallet with a high level of privacy for its users.
|Edge||Formerly called Airbitz, Edge is a very user-friendly multi-asset cryptocurrency wallet. |
Edge is considered one of the most secure mobile wallets as it does not store any user information on its servers.
|Jaxx||The Jaxx wallet is one of the most popular multi-asset wallets as it was one of the first mobile wallets available for both Andoird and iOS that enables users to store a range of digital assets. |
Thanks to its integration of ShapeShift, the Jaxx wallet also has an in-built exchange function that allows users to convert digital assets directly within the app.
|Mycelium||Mycelium is a secure mobile wallet that enables users to store, send and receive bitcoin on their smartphones. |
Its simple user interface makes this mobile wallet very user-friendly, and due to the large developer team, the app is constantly updated with new features.Its simple user interface makes this mobile wallet very user-friendly, and due to the large developer team, the app is constantly updated with new features.
|Samourai Wallet||The Samourai Wallet has been created “to keep your [bitcoin] transactions private, your identity masked, and your funds secure,” according to the company. |
This Android wallet is, therefore, especially popular among bitcoin users who rank privacy highly.
|Xapo||Xapo is one of the most user-friendly wallets for beginners offered by one of the most reputable startups in the industry. |
Xapo also offers an exchange within the wallet, which makes it easy to buy and sell bitcoin for Xapo users.
|Coin Space||Coin Space was launched in 2013 to support bitcoin and Litecoin users. However, over the years the wallet has broadened its currency base with a focus on Ethereum tokens. The wallet supports both ERC20 and ERC223 tokens.||5||4||4||1,000+||6||5||4.5|
|Hardware Wallets||Description||User-Friendliness||Security||Reputation||Number of Supported Digital Assets||Years in Business||Level of Privacy||Score|
|CoolWallet||CoolWallet is one of the newest hardware wallets on the market and stands out due to its slick design that allows for easy carry. |
The credit card-shaped wallet enables users to securely store their bitcoin holdings in a hacker-proof manner.
This wallet is ideal for storing a larger amount of cryptocurrency offline.
|Ledger Nano S||The Ledger Nano S is widely considered the most popular hardware wallet for altcoin investors as it enables users to store a wide range of digital assets including ERC20 tokens. |
While not the easiest to use, the Ledger Nano S is the gold standard for cryptocurrency investors who want to store multiple coins and tokens offline.
|KeepKey||Keepkey is another highly popular bitcoin hardware wallet that allows bitcoin holders to store their digital currency holdings safely offline. |
Since its release in 2015, the KeepKey wallet has managed to maintain its status as a leading wallet in the competitive hardware wallet market.
|Trezor||The Trezor was one of the first hardware bitcoin wallets to hit the market and has stood the test of time. |
This popular hardware wallet enables users to store an array of digital assets offline with the highest level of security possible.
Next to Ledger, Trezor is considered the most secure hardware wallet in the market.
|BitBox||BitBox is a Swiss-made hardware wallet designed for quick and easy plug-and-play storage. Sleekly designed, the wallet resembles an ordinary USB and is used worldwide in over 100 countries.||5||5||5||5||4||5||4.5|
|Desktop Wallets||Description||User-Friendliness||Security||Reputation||Number of Supported Digital Assets||Years in Business||Level of Privacy||Score|
|Armory||The Bitcoin Armory wallet is one of the most secure desktop wallets investors can use to store their bitcoin holdings. |
Bitcoin Armory boasts a cold storage function that prevents hackers from being able to access users’ bitcoin holdings.
It is not as beginner-friendly as some of its counterparts but is an excellent wallet for safe storage.
|Bitcoin Core||The Bitcoin Core client is the original bitcoin wallet that was launched when bitcoin first started to trade in 2009. Since its early days, the Bitcoin Core wallet has undergone several iterations that have made it more user-friendly. It is still one of the most popular bitcoin wallets among early adopters as it provides ample security and gives users full control over their funds.||4||1||4.5||1||10||5||3.0|
|Electrum||Electrum is a downloadable desktop wallet that provides users with an easy-to-use interface so that even beginners can get started with bitcoin using this wallet. Electrum is a reliable bitcoin wallet that gives its users full control over their funds.||4||4.5||5||1||8||5||3.5|
|Exodus||Exodus is one of the most reputable desktop wallets as it combines robust security with a high level of user privacy. The wallet is popular among cryptocurrency investors as it allows them to securely hold a wide range of digital assets in one wallet on their computer.||4||4.5||4||31||3||5||4.0|
|Bither||Bither is an interesting take on wallets as it combines hot and cold capabilities. Through its software, a user can use an unused device as his or her cold wallet provided it is not connected to the Internet. The hot wallet comes in the form of a device utilized every day by the user.||4||4||4||1||5||3.5|
|Hybrid Wallets||Description||User-Friendliness||Security||Reputation||Number of Supported Digital Assets||Years in Business||Level of Privacy||Score|
|BitPay||BitPay offers a secure bitcoin wallet for desktop and mobile phones that provides users with all the basic functions they need to store, send, and receive bitcoin. Due to its user-friendly interface, it is a recommended wallet for bitcoin beginners.||4||4||5||2||7||4||4.0|
|Blockchain||The Blockchain Wallet is one of the most commonly used bitcoin wallets in the market. Over 27 million Blockchain Wallets have been created since the company launched in 2011.||5||4||4.5||2||7||4||4.0|
|Coinbase||Coinbase is one of the most popular cryptocurrency wallets for beginners. Its user-friendly setup and in-app crypto purchase feature make it the go-to app for many newcomers.||5||4||4.5||5||6||1||4.0|
|GreenAdress||GreenAddress has emerged as one of the most popular and easy-to-use online wallets. Today, this multi-signature bitcoin wallet is also available for Android and iOS phones.||4||4||3.5||1||4||5||3.5|
- Beginner’s Guide to Bitcoin Wallets
- What are Public and Private Keys for Bitcoin Wallets?
- Bitcoin Wallets and International Law: What Investors Should Know
When you are looking for the right wallet for your digital assets, be sure to evaluate your choices based on important criteria like user-friendliness, security, and level of privacy. You will likely find that one of the wallets mentioned above will fit the bill.
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