Crypto has gained massive recognition. This digital currency is an asset with a diverse investor base. There are thousands of crypto currencies available today. This shows how much this digital currency has expanded in a very concise period. Crypto currency is considered as the future. People from every economic class have started to invest in crypto currency.
Stocks and bonds have online brokerage accounts. But unfortunately, this service isn’t available for crypto.
- If you’re a crypto investor, you have to store your digital assets in a crypto currency wallet.
- All crypto currency wallets provide for safe and secure storage. People can store their digital currencies and tokens in the same wallets.
- Just how your bank account lets you access loan products or savings. Crypto currency wallets allow people to swap, buy or earn crypto currency.
- If you’re a crypto user who is looking to buy crypto currency and store it in the wallet.
- Here you will get to know which crypto currency wallet is best and of premier quality.
- The wallets below have been mentioned after considering every factor such as cost, user experience and more key features. It helps to find out which one is more suitable for you.
Coinbase
- Coinbase is a premiere wallet where one can buy, sell or hold crypto currency in the easiest way.
- You can connect to your bank account and can easily transfer dollars to your trading account.
- Coinbase digital exchange and online wallet is best for those users who are new to the crypto market. Its buying and selling services are very familiar with stock brokerage accounts.
- Coinbase trading accounts provide more than a hundred tradable crypto. Coinbase gives you free cryptocurrency for watching videos and playing quizzes.
- It is important to watch out for fees the of Coinbase. The costs depend on the transaction amount.
- Coinbase has experienced lags in the past and users find it difficult to sell or buy stocks.
Pros
- Easy to understand and get started with.
- Well recognized cryptocurrency exchange
- Prominent track record
Cons
- Fees can be baffling
- Past incidents of downtime
Trezor
- The Trezor wallet is a secure device that includes multi-factor authentication and access to over 1,500 digital coins.
- Trezor has a premier screen and interface and a few other essential features.
- Trezor wallet can store your digital coins in offline mode. Trezor has a small screen that can be used to access a secured connection.
- Try not to lose your trezor recovery information like a password, pin or recovery seed. Or you’ll lose your account.
Pros
- secured offline storage
- Supportive in more than 1,500 currencies
- Easy-to-use touchscreen.
Cons
- Complicated setup for less-tech known users
Exodus
- Exodus is a digital Wallet that is installed on your laptop or desktop. The mobile application is also available on Exodus.
- Exodus has a superior user interface that brings lots of investor-focused tools.
- The portfolio wallet will turn your digital currencies into a portfolio with graphs.
- It provides a facility to store or exchange coins onto your desktop.
- Exodus supports more than 100 different digital assets.
Pros
- Desktop-first app that supports over 100 assets
- Merge with Trezor
- Premier quality user interface
Cons
- No two-factor authentication specification available.
Ledger
- The Ledger Nano X or Nano S are crypto wallets where your Bitcoins or other cryptocurrency remains safe and also on an offline device.
- The ledger device is covered up with a stainless steel cover that makes it very durable.
- This wallet has the size of a USB drive and can be connected to a phone or desktop for accessing digital holdings.
- It provides specifications where users can check, send or receive currencies.
- It is supported by more than 1800 digital coins.
- You can earn rewards and prizes on your balance.
Pros
- secure offline storage
- Supportive for many currencies
- Highest-end mobile version.
Cons
- Baffling setup for minimal tech-savvy users
- More steps are needed to buy and load currency into an external hardware wallet.
SoFi
- SoFi is a financial company that provides lots of important things like investing, student and personal loans, a credit card, and other essential financial products.
- Users can sell, buy and hold Bitcoins within software.
- In Sofi wallet, the minimum amount required to start buying cryptocurrency is $10.
- It is supportive to just 30 cryptocurrencies. Quite low in comparison to other digital wallets.
Pros
- It is very easy to get started.
- Accommodate investments and cryptocurrencies with a single account
- Many additional free finance tools and specifications for users.
Cons
- Only a few currencies are available.
Conclusion
- It is important for one to understand what type of wallet is suitable for them. There are thousands of wallets available today. All of them have their own advantages and disadvantages.
- The Bitcoin wallet depends on user technology knowledge. For beginners, it is advised to start with very minimal charges for transactions.
- Coinbase or SoFi are the most suitable and best for beginners. These wallets have features that make work easy for the users.