Top 10 Best Cryptocurrency Wallets in 2022
As cryptocurrency community continues to grow, the safeness and security of storing cryptocurrency has become one of the main concerns among the cryptocurrency enthusiasts as no one want to risk their precious crypto coins on anonymous cryptocurrency wallet.
This is why today we are going to dive deep into the topic of 10 Best Cryptocurrency Wallets in 2022, so that you will be able to pick the right cryptocurrency wallet by yourself!
Before we listed out the 10 Best Cryptocurrency Wallets in 2022, we want you to know that cryptocurrency wallet come in two different types: software wallets (hot wallets for cryptocurrency) and hardware wallets (cold wallets for cryptocurrency).
Software wallets come with multiple features, such as free, easy to use, and can connect to the cloud infrastructure. However, software wallets can only store very small amount of cryptocurrency, and due to its connectivity to internet, it is easier to get hacked than hardware wallets.
In contrast to software wallets, the function of hardware wallets may look a little bland as it is specially built hardware device that allows you to store huge number of cryptocurrencies safely, but hey, it offers the highest level of security to its users.
Now that you have a clear idea on what is cryptocurrency wallets and the two different types of cryptocurrency wallets, it’s time to dive deeper into our topic — 10 Best Cryptocurrency Wallets in 2022, let’s go!
1. Crypto.com
Crypto.com is a software wallet that is very popular among cryptocurrency enthusiasts, especially beginners. As Crypto.com comes with all the necessary features for convenient storing and online payment system that very user-friendly.
In addition to their user-friendly interface and system, Crypto.com also supports DeFi (decentralized finance) service that giving you the advantage to earn extra interest by simply storing cryptocurrencies in their wallet.
Key features if Crypto.com Wallet:
- User-friendly interface
- Supports DeFi service
- Up to 8% cashback with VISA
- 24/7 Customer Support
2. Coinbase Wallet
Coinbase, one of the biggest cryptocurrency exchanges in the world, has introduced their very own software wallet for their users to offer their users to store, or custody their crypto coins on the wallet. It is also come with a Dapp browser which enables their users to explore the decentralized crypto web.
Key features of Coinbase Wallet:
- Backup private keys to cloud
- Able access coinbase.com account via Coinbase wallet
- Support multi-cryptocurrency
- Dapp browser
- Asset price listed in local currency
3. Coinomi Wallet
If you’re very concerned about the safeness and security of your cryptocurrency and hoping your crypto coins to be as safe as possible, Coinomi Wallet is your perfect choice to keep your precious crypto coins safe and sound.
Founded in 2014 and appears as the oldest multi-chain wallet in the industry, Coinomi wallet hold the record for 0 wallet has been hacked. Moreover, thousands of trading choice are made available on Coinomi wallet, and you can exchange whatever is available on the market with your cryptocurrency.
Key features of Coinomi Wallet:
- Multi-chain wallet
- Wallet are protected by strong encryption
- Users’ requests are encrypted and anonymized.
- Dapp browser support
- Allowing swap and exchange cryptocurrency
- Wallet interoperability
- Cryptocurrency can be converted to gift cards
4. Blockchain.com Wallet
It is not the first cryptocurrency wallet, nor will it be the last, but with over 72 million wallets created, it is definitely one of the best wallets for cryptocurrency out there.
Blockchain.com wallet offers two options to its users: a non-custodial version and a custodial version. Non-custodial wallet user will have sole control of their own private keys. With that, non-custodial wallet user will have full control over their funds.
While custodial wallet user’s private keys are held by a third party. Meaning, the third party will have full control over their funds. What the user can do is give permission to send or receive payment. Despite not having full control over their wallet, custodial wallet user is given the luxury to enjoy extra features that non-custodial wallet user never has.
Key features of Blockchain.com Wallet:
- Users are given the option to choose custodial or non-custodial wallet
- Able to swap, buy, transfer, and sell cryptocurrency
- Support up to 25 languages
- Support up to 22 cryptocurrencies
5. Exodus Wallet
Exodus is widely considered the go-to cryptocurrency wallet for all beginners as it offers an extremely simple and easy to use software wallet apps that can run on both PC and smartphone. In addition to the flexibility that offers by Exodus wallet, it also comes with a built-in exchange to allow its users to assess costs with a single click.
Exodus wallet also done a great job in securing the user’s property as their private keys and transaction data are encrypted on the user’s device. Meaning, only the user can access their funds.
Key features of Exodus Wallet:
- Support up to 130 cryptocurrencies assets
- Able to exchange cryptocurrency
- Able to send and receive cryptocurrency
- Desktop syncing
- Real-time charts
6. Luno Wallet
To accomplish the tagline of “a Bitcoin wallet for everyone”, Luno enables its users to buy cryptocurrency with small cash and save and earn interest from their savings. The low threats of new users do come in handy when Luno tried to grow its global presence in the industry.
To-date, there are more than 40 countries accept Luna as legit cryptocurrency wallet service provider.
Key features of Luno:
- Users can save and earn interest from their savings
- Able to buy and trade cryptocurrency from the app
7. Metamask Wallet
Metamask is an ERC-20 supported (Ethereum-based token) cryptocurrency wallet that doesn’t require its users to register to own an account, but rather install it as an extension to your PC or smartphone’s web browser.
You don’t have to submit your personal details to register at Metamask. All you have to do is submit a password, then a random generator will help creates everything from a-to-z for you.
Even though register at Metamask is rather easy, but it is in fact not a secure means of storing cryptocurrency, as user’s private keys are stored on the exchange’s server. Therefore, it is possible to fall victim to hack or other breaches.
Key features of Metamask Wallet
- Easy to connect to and use decentralized application online
- Convenience for daily usage
- ERC-20 supported
8. Electrum Wallet
Released in 2011, the Electrum wallet is an easy to use, Bitcoin-only software wallet. Although Electrum wallet is a less secure wallet than a hardware wallet, but it offers users a very user-friendly solution for sending and receiving Bitcoin payments regularly.
Not to mention that Electrum has done everything they could to prevent their users fall victim to hack by implementing several security defences, such as password protection, private keys and user information will never be shared or stored with the exchange server, etc.
Key features of Electrum Wallet
- Perfect for Bitcoin haver who use the crypto coins on a daily basis
- Password protection
- Information is updated immediately
Private keys and user information will never be shared or stored with the exchange server
9. Binance Chain Extension Wallet
Binance chain extension wallet is a cryptocurrency wallet for Binance Smart Chain, Binance Chain, and Ethereum. By using Binance chain wallet, you will be able to transfer funds across above-mentioned wallets.
Apart from that, users can also use either one of the wallets to authenticate and sign transaction for another wallet, and this can be done without exposing your private keys. However, this also means that your private keys will be shared with the exchange server.
Key features of Binance Chain Extension Wallet
- 24/7 access to a cryptocurrency exchange
- Able to trade your crypto coins at any moment
- Two-factor authentication
- Users who fall victim to hack or other breaches will be compensated
10. Trust Wallet
Trust wallet is another official cryptocurrency wallet of Binance, and it is by far the most popular cryptocurrency wallet out there with over 5 million users. Trust wallet has everything you need to store your crypto coins, such as Dapps browser, custom wallet, zero transfer fees and many more.
Here’s to clarify that even though Trust wallet doesn’t charge user for the use of send or receive crypto into their wallet, but network fees and token fees still apply on user. But bear in mind that these charges are not charged by Trust wallet, but the network used or token.
Key features of Trust Wallet
- Support multi-cryptocurrencies
- Support up to 40 blockchains
- Support over 160k assets
- Dapp browser
- Crypto price tracking system
Final Thoughts
Every cryptocurrency wallet comes with their own pros and cons. So, it is important to study and choose the cryptocurrency wallet that suits you best. Now that you understand what’s good and what’s bad of above-mentioned wallet, it’s time for you to explore the highest payout affiliate program – BK8 affiliate program!
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