Best Crypto Wallet 2022– Top 10 Bitcoin Wallet Accounts

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Reviewed by Jazmin Castello - MBA
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etoro

eToro

Best Overall

4.8 stars - votes

Coinbase

Coinbase

Best for Beginners

4.5 stars - votes

Binance

Binance

Best Digital Cryptocurrency Trading Wallet

4.3 stars - votes

To purchase, trade, and sell bitcoins, you’ll need a wallet. Traders rely on them to safeguard crypto, and retain and validate transaction data. Tailored crypto wallets, whether hardware or software, also known as hot storage wallets and cold storage wallets, provide traders with options not available on crypto exchanges.

Continue reading to discover more about the many types of bitcoin wallets, how they function, and which one you should choose.

 Top 10 Best Crypto Wallet 2022

Features Of the Best Crypto Wallet – eToro

If you’re looking for the best wallet in terms of security, asset diversification, and functionality, eToro stands out. To begin with, selecting eToro as your go-to wallet provider means employing a brokerage business licensed by the SEC, FCA, ASIC, and CySEC. In addition, the GFSC has also issued a license to the eToro wallet.

This means only you can keep your crypto assets safely in a regulated and secure setting. eToro’s multi-crypto wallet allows you to keep track of all of your digital currency assets in one spot. Furthermore, if you ever want to swap one of your cryptocurrencies for another, the eToro wallet offers over 500 different pairs.

etoro

eToro

  • Multi-Asset Platform
  • Social Trading
  • 0% Commission on stocks, ETFs, and competitive trading fees
Coinbase

Coinbase

  • Trading pairings of crypto-to-crypto
  • Security and digital wallet alternatives  
  • Over 50 cryptocurrencies supported
Binance

Binance

  • 0.015% to 0.10% purchase and trading fees
  • Comprehensive charting options and
  • hundreds of cryptocurrencies
  • Two-factor authentication (2FA) verification
Electrum
  • Offline storage of private key
  • Hardware wallet Integration  
  • Storage of Bitcoin in Multisig wallets
Exodus

Exodus

  • Allows for crypto-to-crypto trade within the wallet app
  • Stunning user interface
  • Offline storage of private keys
ZenGo

ZenGo

  • A straightforward user experience
  • A fast-to-use software with speedy processing
  • Security that is simple and easy to utilize
  • A streamlined user interface
Crypto.com

Crypto.com

  • One-stop Shop
  • Cashback prepaid visa cards
  • 150 currencies for spot trading
Ledger Nano S

Ledger Nano S

  • Private Key available
  • Over 1800 currencies
  • Display panel
Coinsmart

Coinsmart

  • Up to 8 payment options
  • Sleek user interface  
  • Individual wallet balance
FTX

FTX

  • Transfers of fiat currency
  • StablecoinSettlements/ Easy
  • Conversions
  • Leverage of up to 101x

Best Crypto Wallet – Top 10 Bitcoin Wallet Accounts July 2022

 eToro

For beginner crypto investors and traders who wish to learn more about how digital currencies function, eToro is a good option. As you build your own trading strategy, the wallet provides alternatives to manage your risk and learn from other traders. If eToro’s features and trading expenses appeal to you, it might be a good fit for your bitcoin trading requirements.

  • 15 cryptocurrencies are available for trading 24 hours a day, seven days a week
  • Website and mobile app that is both easy to use
  • For cryptocurrency traders, this is an excellent community
  • Any coin must be purchased with a minimum of $25

eToro is a cryptocurrency trading and investing platform that is great for anyone interested in learning more about digital currencies.

eToro wallet works on the web, Android, and Apple iOS devices. You can purchase and sell currencies in your own account once you’ve logged in. Alternatively, you may test and practice methods in a virtual account with no risk. You may also look at and copytrade other eToro users.

There are no commissions on eToro. Instead, a mechanism known as “spreads” takes a part of your gains when you sell. Depending on the currency you pick, you can pay up to 4.9 percent of the value you sell back into dollars. In addition, you pay 0.1 percent of the entire transaction amount when converting between cryptocurrencies.

Coinbase

Coinbase is the most well-known of the conventional cryptocurrency exchanges, having been operational for a long period compared to many others.

  • It gives you access to roughly 100 different cryptocurrencies
  • Account funding has a low minimum requirement If website is hacked, cryptocurrency is insured
  • Fees are higher than those charged by other cryptocurrency exchanges

The coinbase wallet is a nice option to consider if you’re looking for the best Bitcoin wallet for beginners. At Coinbase, you may select between two storage choices. 

Several precautions on the Coinbase website are in place, including that 98 percent of digital client money is kept offline. In addition, each time you try to log in, you’ll have to skip two-factor authentication.

Binance

Binance is one of the most popular cryptocurrency exchanges regarding trading volume. It offers a wide range of product portfolios compared to other exchanges. It also offers a diverse and increasing range of add-on services.

  • About 500 cryptocurrencies available for trading
  • One of the most cost-effective platforms to utilize
  • A large number of transaction kinds are available
  • There isn’t a built-in digital wallet

Binance is one of the largest digital cryptocurrency wallets currently in operation based on trade volume. It is not registered on any stock market. Its corporate structure is opaque; for example, it is impossible to determine Binance’s offices.

In the United States, Binance is presently unavailable. However, in the United States, you can utilize Binance.US, which supports Binance’s matching engine and wallet technology. Still, its product selection and several trading pairs are restricted compared to Binance.

Electrum

Even with its poor customer service, the Electrum bitcoin wallet is undoubtedly the most formidable. Electrum wallets are currently responsible for about 10% of all bitcoin transactions. Electrum wallets are a good option for anyone seeking a low-cost wallet with a limited number of transactions.

  • Simple to set up this platform
  • A platform that is widely utilized
  • Provides several privacy features
  • For added security, it may be used in conjunction with a hardware wallet
  • Only Bitcoin supports

Electrum, founded in 2011, is one of the most well-known and widely used cryptocurrency wallets today. This wallet is also one of the few surviving crypto wallets that solely accept Bitcoin. 

Mobile users may change their transaction fees based on how long they’re prepared to wait for a transaction to be processed. In addition, the wallet has a range of powerful security measures that others lack: If you pay more in fees, your transaction will be completed sooner.

Exodus

Exodus is a multi-currency software wallet that can be used on both a desktop and a mobile device. The wallet’s simplicity and excellent online assistance make it stand out.

  • To conduct transactions, users do not need to download the complete blockchain to their desktop computer
  • Simple to use and suitable for beginners
  • Available as a smartphone wallet app
  • High transaction fee

Exodus is a non-custodial wallet that provides outstanding service and extensive coin management. It does not physically handle or keep your wallet, but it offers you total control over it. It enables users to use a wide range of digital assets. Exodus supports trezor wallets, which have a nice user interface and a high level of security.

Exodus, on the other hand, is a lite wallet, meaning it doesn’t download the entire blockchain to the device, allowing for a far faster setup. As a result, Exodus Wallet is effective and efficient.

ZenGo

ZenGo is a universal bitcoin wallet. You can buy, trade, and earn BTC, ETH, and other cryptocurrencies (over 70 in total). It offers impenetrable security and unparalleled customer service, with live support specialists available 24 hours a day, 7 days a week, to address any issues.

  • Effortless user interface
  • Within the app, you may buy and sell.
  • One of the most straightforward wallets to set up
  • Earn income on your investments with no lock-up period
  • It’s not entirely non-custodial

ZenGo Wallet is a non-custodial mobile bitcoin wallet that uses threshold signatures instead of private keys to produce two mathematical secret shares’ — one on your phone and the other on their servers.

ZenGo has major features that make it an excellent option for individuals seeking a mobile cryptocurrency wallet. The first is ZenGo’s simplicity for new users, particularly those with no crypto expertise. Unlike other mobile wallets, it does not need users to write down a seed phrase anywhere to recover their wallet if their device is lost or stolen.

Another feature that makes ZenGo an excellent mobile wallet option is the ability to purchase and sell supported cryptocurrencies right within the app, which provides ease for users while also allowing ZenGo to generate income for their free wallet.

Crypto.com

Crypto.com is an excellent choice for cryptocurrency traders looking for a platform with low fees and a wide range of currencies. It’s ideal for those who are familiar with managing a financial account using a mobile app and have some bitcoin knowledge and experience.

  • Transaction fees are low
  • Excellent for cryptocurrency payments
  • Money conversion is simple
  • Cashback incentives on a Visa card
  • Poor customer service

Crypto.com is a popular cryptocurrency exchange that accepts a wide range of cryptocurrencies as well as blockchain-related products. Users may buy, sell, and exchange a broad variety of currencies for low trading fees. In addition to bitcoin credit cards, the company offers a decentralized exchange, a standalone crypto wallet, and an NFT marketplace. By staking their crypto or storing it in a Crypto.com wallet for a set period of time, users may earn up to 14.5 percent interest.

Crypto.com might be a good choice for anyone looking to buy Bitcoin. Custom transaction fees are set at 0.40 percent and decrease as trading volume or CRO currency holdings grow. Crypto.com now supports 150 currencies and offers advanced order types as well as the opportunity to trade cryptocurrency futures.

Ledger Nano S

This wallet looks like a USB flash drive and is one of the finest Bitcoin wallets on the market. Although it supports many cryptocurrencies, many of them need the installation of third-party software, and the wallet’s app storage is restricted.

  • Safest crypto wallet
  • Protection against physical harm
  • More than 1500 currencies and tokens are supported
  • Relatively costly

The Ledger Nano S is a secure hardware wallet which uses a secure chip and a unique operating system to guarantee high-level security. It provides investors with control over their private keys and is backed by the industry’s most recognizable brand.

Investors may store over 1,100 supported coins, and tokens on the Ledger Nano S. Ledger supports 23 of them directly and the rest through third-party applications.

Coinsmart

While CoinSmart may not have as many cryptocurrencies as other exchanges, it does support the most popular ones like Bitcoin. Fees are reasonable, and service assurances are comforting to their target market of new traders.

  • You can get your money the same day it’s received
  • Same day deposits when funding your account
  • 24/7 customer support
  • You can easily keep track of all of your trading activities, deposits, and withdrawals
  • Unavailable for residents of the United States

CoinSmart is a cryptocurrency exchange situated in Toronto, Canada, that has attracted customers worldwide. Justin Harzman and Jeremy Koven co-founded the company in 2018.

The founders of CoinSmart were inspired to start the company after finding it incredibly difficult to invest and then become verified on other exchanges. Frustrated and dissatisfied with what was available at the time, they set out to build a trustworthy exchange that would make cryptocurrency accessible to everybody in Canada.

CoinSmart provides fast verification, a simple UI, strong security, and the possibility to fill your account with various fiat currencies.

FTX

If you want to keep your trading fees low, FTX is the way to go. They have some of the lowest of any exchange.

  • Fees are low
  • Features for advanced traders
  • Earn 8% on Holdings
  • FTX Debit card for esteemed customers
  • Major cryptocurrencies are missing

FTX offers a custodial wallet where you may store cryptocurrency you purchase and send and receive coins to and from other wallets. The disadvantage of custodial wallets is that the exchange has private keys, which control your cryptocurrency. Therefore, you must transfer your cryptocurrency to your own external wallet if you want complete control over it.

Is a crypto wallet?

Crypto wallets are digital wallets that store your private key, or passwords that provide you access to your cryptocurrencies, while also allowing you to send and receive cryptocurrencies such as Bitcoin and Ethereum.

How do crypto wallets work?

A cryptocurrency wallet is a physical device that maintains your private key offline and is not connected to the internet. Hardware wallets are usually little plug-in devices that look like a USB stick.

Do I need a crypto wallet?

Yes. While many exchanges supply or recommend crypto wallets, you’ll need a wallet address to purchase, sell or store bitcoin or other cryptocurrencies.

What to look for in a crypto wallet

Consider how long the firm has been established, who runs it, how securely they keep your data on their servers, who owns your private keys if they’re insured, and if they’ve had previous issues of insider hacking and bitcoin losses due to bad data management methods or buggy software.

What are the risks?

Hackers can take advantage of software flaws to steal your data or take control of your device, so keeping your software and operating system up to date is critical. In addition, scammers and tricksters frequently target cryptocurrency holders and traders.

Final Thoughts

Crypto wallets provide consumers with a digital solution for safely storing and managing blockchain assets and cryptocurrency. Users may send, receive, and trade cryptocurrency using these wallets.

Cryptocurrency traders with a large number of Bitcoin assets should use a combination of hot wallet for quick trading and purchases and cold wallet to protect the majority of their funds. In addition, hardware wallets are quickly becoming a popular method of safeguarding an offline wallet.

Frequently Asked Questions (FAQs)

What are the most effective cryptocurrency wallets?

The best crypto wallets offer a nice balance of security tools and user-facing features at a reasonable price. According to our analysis, Electrum, Coinbase, Ledger, and Exodus are among the best crypto wallets.

What’s the best way to get a crypto wallet?

The majority of crypto wallets are hot wallets, which may charge a fee each time you use the wallet to do a transaction. Cold wallet is available for purchase on its respective websites. Some can also be acquired through third-party merchants such as Amazon.

Which crypto wallet has the lowest fees?

Crypto.com wallet has the most affordable fees.

Which wallet is best for beginners?

Coinbase is best for beginners.

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ABOUT THE AUTHOR

ABOUT THE REVIEWER

Jazmin Castello holds a Master's degree in Business Management, owns two companies, and has also published a self-help book. When she is not working or writing, she likes to spend time with her family and to travel.

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