One of the most important decisions to make when starting out in the cryptosphere is which wallet you’re going to use. Your decision could mean the difference between losing everything to hackers or keeping hold of your precious digital assets. Choosing a wallet from a trusted, reputable source is therefore key. With this in mind, here are five wallets worthy of your time and money.
Cost: Free (plus transaction fees)
Currencies supported: Bitcoin, Litecoin, Ethereum, Bitcoin Cash
Type of wallet: Mobile, web
Best for: Beginners
Coinbase is one of the largest, well-known crypto wallets, with over 12 million users to date. Ideal for beginners, it has an intuitive interface and an easy setup process. Users sign up for free, link it to a bank account or credit card, and buy currency. It’s also considered to be one of the most security-conscious platforms currently available. It offers a two-step authentication method, and will also notify you if a new IP address or device attempts to access your account. However, users should be aware that Coinbase accepts no liability for any lost funds. For this reason, we recommend that you store larger amounts of crypto on a cold wallet.
Cost: €89 ($104) for the original model, €149 ($174) for the premium version
Currencies supported: Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Dash, Dogecoin, Ethereum Classic, ERC20, NEM, Namecoin, Zcash, Expanse, and Ubiq
Type of wallet: Hardware wallet
Best for: Sporadic users
If you’re looking for a wallet that offers peace of mind and security, Trezor is an excellent choice. This is a wallet that offers all the security of a hardware wallet, with added flexibility. As with other hardware solutions, your cryptocurrency is stored on a USB dongle, meaning it can be stored offline and out of harm’s way. Keeping your currency separate from your computer means that, if your computer is ever compromised, you’ll still have full access to your assets. It should be noted that if you want constant access to your digital assets, or if you make several transactions a day, this might not be the platform for you. If, on the other hand, you’re looking for a highly secure solution that supports several different cryptocurrencies, Trezor is a nice wallet to go for.
3. Ledger Nano S
Cost: €100.33 (around $117)
Type of wallet: Hardware
Currencies supported: Bitcoin, Ethereum, Litecoin, Fido U2F, Dogecoin, ZCash, Dash, Stratis, Ripple, Hello, Bitcoin Cash, Komodo, and Ethereum Classic.
Best for: Segwit / Bitcoin users
Like Trezor, the Ledger Nano S is another wallet that receives great reviews thanks to its high level of security, multi-currency capability and easy flash drive format. This is a solution that’s secure and malware proof. For these reasons, it’s fast gaining in popularity. It’s worth noting that this solution is Segwit enabled, allowing for quicker transactions and lower transaction fees. The Nano S also comes with an additional security feature: a PIN code that, if entered incorrectly three times, will wipe the device. This means that no one can physically steal your currency.
Supported currencies: Bitcoin, Ethereum, Bitcoin Cash, Dash, Dogecoin, LiteCoin, and Namecoin.
Type of wallet: Hardware
Best for: a “premium” look and feel
Another relatively new arrival on the market, Keepkey is a hardware wallet that’s been frequently featured on many of 2018’s top wallet lists. With its sleek design, this is one of the more stylish solutions out there. Firmware is open source, so users can make their own modifications. Because this solution doesn’t have an operating system, it is said to be both malware and virus proof. Users can write a backup of their KeepKey in the firm of a twelve word recovery sentence, meaning you can recover your device and cryptocurrency without compromising the security of your private keys.
Currencies supported: Bitcoin, Bitcoin Cash, and Ether
Type of wallet: Desktop and mobile
Best for: low budgets and beginners
No discussion of crypto wallets would be complete without mentioning Blockchain.info, one of the most popular and widely used wallets there is. It should be noted that this wallet is stored online, with transactions going through the company’s servers, making it less secure than the hardware options we’ve discussed. However, the platform itself does not have access to your private keys, meaning it’s classed as a hybrid wallet. Like Coinbase, this is a well-established company with a great reputation in the crypto community. It’s free, and easy to use.