The cryptocurrency market is expected to hit 2.6 bn by the year 2026, with the rapid growth of cryptocurrency and the world moving towards mass adoption there are Fortune 500 companies that are also investing in these digital assets and funding different projects in this space. The companies are using crypto wallets for their own assets.
Beginners are also finding ways to invest and trade in this extremely lucrative market that has given birth to many crypto millionaires.
Due to the ever-increasing market cap and user base, people need a safe and secure way to store their funds without feeling any kind of risk when they trade or invest in such digital coins.
Here are the best crypto wallets that make this experience extremely good for investors.
The first step of selecting your wallet is analyzing a lot of stuff about the wallet you are going to use, you need to make sure that before signing up or purchasing that the wallet is extremely trusted and has a lot of good reviews about the usage of it you can check out the reviews of the users and fans of that wallet on Google Play, Coindesk, Trust Pilot, etc. You can also go through product reviews on Investopedia.
Look out for the wallets that allow you to trade and convert to different cryptos with a proven track record in the past. The wallet should have extremely strong locks and also encrypted security with the ability to store multiple cryptocurrencies at the same time. The top wallets will have backup features as well as a way to access them over multiple operating systems and devices making them a one-stop shop for all cryptocurrency enthusiasts.
The top cryptocurrency wallets allow you to store crypto online (hot wallets) or offline via hardware wallets (cold wallets).
Hot Wallets vs Cold Wallets
- Digital wallets or also known as hot wallets that allow you to store your cryptocurrency online are very accessible and easy to use but that also makes them prone to more hacks and security issues, although it is extremely safe until and unless you are planning to store large amounts of crypto for a longer period of time in which case cold wallets are a much better option.
- Cold wallets or also known as hardware wallets may not be easy to access to use for everyday trading, but they are far more secure than hot wallets. They allow you to store your crypto keys offline in a secure USB-like device called the hardware wallet, you can still receive incoming payments on your cold wallet seamlessly but to transfer crypto you need to access your device manually.
Let’s look at the best crypto wallets of 2022
Ledger Nano S
Ledger was released back in 2016 and was one of the first hardware wallet companies to make it big in this industry, it is one of the most trusted wallets currently and has support for over 1000 cryptocurrencies and altcoins making it extremely versatile for its users. It has an extremely amazing security protocol and a sleek design making it stylish and easy to carry around.
The Ledger Nano S allows you to seamlessly integrate your cold wallet with leading exchanging platforms that further make your experience better and speed up the manual approval of your transactions.
Top features of Nano S
- Extremely secure tight storage
- Quick backup speeds and secure backup codes
- The in-built display allows you to easily view your crypto balances
- Allows you to store multiple cryptocurrencies in the same spot without any issues.
Trezor Model T
The Trezor Model T is a new-age cold wallet for cryptocurrency storage, its vast variety of features and incompatibility makes it one of the top contenders for being the best cold wallet in the world.
With cutting-edge security and advanced features that are built into the device, it makes it the most compatible wallet for advanced and interim crypto traders.
Top features of Model T
- Encrypted storage of keys allows users to have utmost security.
- Touchscreen features allow people to easily navigate and streamline the verification of their transfers.
- In-built password manager that keeps the password of every account separate and provides additional security too.
- Supports over 1600 cryptocurrencies thus making its own kitty extremely vast.
KeepKey
KeepKey was developed in the year 2016 by the global trading platform called shapeshift, KeepKey became one of the most trusted crypto wallets in the space that delivered robust and multi-functional storage options for digital assets.
It is perfect for beginners as well as advanced users due to the stylish and sleek design that makes it very eye-catching.
Its integration with shapeshifting allows users to store and trade with a wide variety of cryptocurrencies without any hassle.
Top features
- Supports 100+ cryptocurrencies such as XRP, BTC, ETH, and many more
- Integration with Shapeshift allows its users to trade and transfer crypto very easily.
- Backup and recovery are extremely strong as it generates a 12-phrase key that allows you to encrypt your wallet.
- Seamless user navigation gives it a very user-friendly experience and a large display allows for easier navigation, its sleek design makes it attractive too to the normal person.
Exodus
Exodus is one of the best crypto wallets and a popular one too, its desktop and mobile integration allow people to access their portfolio at the tip of their fingertips.
It has a user-friendly interface that allows anyone to set their exodus wallet up quite easily, Exodus allows you to store around 100 cryptocurrencies and come with a built-in exchange that allows people to trade and navigate extremely easily.
Top features
- Loads of cryptos supported
- Mobile integration allows you access to your funds from anywhere in the world.
- Live portfolio tracking allows you to track your profits on the go in real time.
If you are an active user in the crypto space and love the concept of these wallets then you should also check out the FAN Wallet.
FAN wallet allows you to store the FAN token and stake it which in turn allows you to enter fantasy contests on the best crypto fantasy app Fanspel with the help of cryptocurrencies its unique features and staking capabilities along with the innovative idea of allowing you to play fantasy games makes it the perfect contender for the best upcoming wallets in the future.
