Top crypto wallet 2021

Cryptocurrencies are the storage of Bitcoin and cryptocurrencies. And store secret information called Private key or Seed, which is used to validate the transaction.

Exodus

Best for beginners

  • Type of wallet: Hot wallet
  • Purchase cost: Free

    Exodus is a wallet that can be used on both desktop and mobile. It is simple to use and has a built-in Exchange. One of Exodus’s most popular features is the ability to switch between cryptocurrencies and major currencies. Exodus currently offers exchanges between more than 100 cryptocurrencies. Family

In its simplicity, this wallet is ideal for anyone new to the cryptocurrency market. Although good for beginners But for the experts it may not have some of the features it needs, for example, the Exodus is a closed wallet. This goes against the idea of ​​Bitcoin and blockchain and can raise security concerns as its code is not open to everyone. But users have to rely on the Exodus team to make sure there are no loopholes in wallet security.

Pros

  • Huge variety of cryptocurrencies
  • Built-in exchange
  • Good customer support

Cons

  • Closed source software

Electrum

Best for more advanced user interest in just bitcoin 

  • Type of wallet: Hot wallet
  • Purchase cost: Free

Electrum has been one of the original Bitcoin wallets since 2011: 2 years after Bitcoin was born. Electrum is also suitable for advanced users due to its complex options.

Electrum is an open-source that allows users to set their own transaction fees. And there is an option to choose between Bitcoin and Segwit. It also allows users to set the level of security they want to use. For example, You can create one standard wallet with 2-factor authentication or a multi-signature wallet. You can also define the Seed Phase with custom words.

Pros

  • Customizable transaction fees
  • A greater level of security than most hot wallets
  • Ability to customize seed phrase

Cons

  • Bare-bones user interface
  • Only works for Bitcoin
  • No customer support

Mycelium

Best for mobile users

  • Type of wallet: Hot wallet
  • Purchase cost: Free

Mycelium is an open-source Bitcoin wallet and is only available for mobile devices. Mycelium currently supports Bitcoin, ETH, ERC-20 and FIO tokens only. Mobile-only It is more used than Electrum and also has a built-in Exchange.

Pros

  • Customizable transaction fees
  • Ability to use hardware wallets
  • Open-source software

Cons

  • Mobile-only
  • Confusing for a first-time user

Ledger Nano X

Best hardware wallet

  • Type of wallet: Cold wallet
  • Purchase cost: $119

The Ledger Nano X is the second hardware wallet from Ledger, owned by a French company, released in 2014 after Ledger’s first product, Ledger Nano S, was released. It was one of the first hardware wallets on the market and has dominated the market space for many years.

The Nano X is similar to a USB drive and connects to your device via USB or Bluetooth, meaning you can connect your wallet to your iOS or Android device without needing a computer. It supports more than 1,500 cryptocurrencies and is growing steadily each year.

Pros

  • Ledger Live has an intuitive and convenient user interface
  • Stores up to 100 different apps
  • Open-source software with the added benefit of customer and community support
  • The convenience of Bluetooth connectivity

Cons

  • Bluetooth integration a potential vector of cyberattack (USB is still an option)
  • Bluetooth feature not perfected
  • Limited wallet storage

Trezor

Best for a variety of cryptocurrencies

  • Type of wallet: Cold wallet
  • Purchase cost: $170

Trezor, like Ledger, is a cold wallet. The Trezor Model T is the second generation of hardware wallets to be built. It’s like a general ledger. But it gives users direct access to third-party exchanges like Changelly and Shapeshifts, albeit quite convenient. But the price is quite expensive Which does not look very cost-effective when compared to similar features of use With other cheaper options.
Trezor Model T currently supports over 1,600 cryptocurrencies.

Pros

  • Web-based user interface with exchanges built-in
  • The massive list of supported cryptocurrencies
  • Open-source software with the added benefit of customer and community support
  • Unlimited wallet storage

Cons

  • Higher price point than others
  • Small touchscreen for typing
  • Confusing for a first-time user

If you want a crypto wallet that not only holds tokens but also can stake to earn passive income, ClassePay wallet can do that.

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