Crypto wallets are an essential tool for buying, trading, and
selling cryptocurrencies. Traders need them to store crypto securely, as well
as to protect and validate transaction information. Be they hardware or
software, also called hot and cold storage, custom crypto wallets offer traders
dedicated solutions compared to those from crypto exchanges.
Our in-depth research found that the five best crypto wallets
to consider are as follows:
- eToro - Overall Best Crypto Wallet in 2022
This wallet app is popular for providing security, asset
diversity, and features. For using eToro, the user gets hold of a brokerage
firm that is regulated by the SEC, FCA, ASIC, and CySEC. Besides, the eToro
wallet is licensed by GFSC.
- Coinbase - Best Crypto Wallet App for Beginners
For beginners, Coinbase stands out to be the best. The app
provides two storage options – firstly, for a new user, Bitcoin can be stored
in the Coinbase wallets. This means that any funds can be accessed by logging
into the account. Besides, 98% of the clients’ digital funds can be stored
offline providing safeguards. On each login attempt, the user needs to bypass
two-factor authentication.
- Binance - Best Digital Cryptocurrency Wallet for Trading
This app besides serving as a crypto wallet also provides a
trading option. Binance wallet doubles up as an exchange that gives access to
1,000+ markets including cryptocurrencies of all shapes and sizes namely from
large caps to DeFi tokens.
- Huobi - Best Bitcoin Wallet App for Asset Diversity
Popular for being a multi-asset platform, the app provides a
wide range of cryptocurrency products and services. The platform gives access
to hundreds of different tokens. This app also serves as a trading option in a
low-cost manner. Crypto pairs can be bought or sold for 0.02% per side.
- Kraken - Best Crypto Web Wallet for Convenience
Kraken is the best crypto wallet for convenience. This wallet
provides brokerage and exchange services along with leverage and margin trading
for the ones in eligible countries. Conversion of one of the crypto assets to
another token, no funds need to be sent to another exchange.
There are lots of crypto wallets capable of handling things outside of core functionality. However, the best wallet is one that suits your needs.
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