9 Best Crypto Wallets of 2024

You can put your assets to work in DeFi through the Ledger Live app or by syncing with MetaMask. Our selection of the best Bitcoin and crypto wallets uses our custom methodology and is updated by our editorial team throughout the year to reflect changes in the market. In this post, we’re focusing on bitcoin, but many wallets enable you to store other cryptocurrencies, such as ethereum, litecoin, dogecoin, and other alternative coins. It has been around since 2011, two years after Bitcoin’s creation, and has changed little since. While this wallet is bare bones in terms of its user interface and commitment to only Bitcoin, it excels at this primary function.

Transactions

These often have a wallet included as a built-in feature, but this doesn’t mean you have to store your bitcoin there. In fact, coin exchanges are considered one of the least secure places for you bitcoin. They are physical, portable devices that you can take with you wherever you go. Think of a hard wallet like a USB drive that you have to connect to a device to access.

Frequently Asked Questions About Bitcoin Wallets

• You’ve probably heard the term ‘bitcoin wallet’ used before and it sounds fairly simplistic.
• Hot wallets are crypto wallets that remain connected to the internet and are therefore less secure than cold wallets, which are used to store assets offline.
• Like most other software wallets, it’s free to install and use, but fees are charged for transactions (paid to bitcoin miners).
• The accompanying Ledger Live software helps manage and stake your digital assets.
• Newbie crypto investors can benefit from a Crypto.com Wallet’s accessible trading and easy sign-up process.

A Bitcoin wallet is your primary way to manage, send, and receive your Bitcoin. While software wallets can do this job, hardware wallets significantly improve security by reducing the risk of your Bitcoin being stolen. Our classic entry-level hardware wallets built with all the essentials to secure your digital assets. Beginner and advanced bitcoin traders can use BlueWallet’s simplified batch storing, sending, and receiving features. BlueWallet is a self-custodial wallet that provides private keys to individual investors in addition to multi-signature security measures.

• The ability to store and manage a variety of cryptocurrencies is crucial, as the crypto market consists of numerous digital assets.
• However, as paper wallets are easily lost or damaged, they don’t offer a very practical crypto storage solution.
• Now that you know how crypto wallets work, let’s take a closer look at the different types of wallets available.
• MELD makes it easy to navigate between these two worlds and get the best out of both.
• All our wallets are fully non-custodial, this means you control your Bitcoin, and we can’t take them from you.

• Whether you want an easy-to-use online wallet or a super-secure hardware wallet, there’s a good option for your crypto storage needs.
• One of Jaxx’s main selling features is that it offers storage for dozens of cryptocurrencies.
• The key thing to remember is to do your research and compare a range of wallets first.

The best Bitcoin wallet for you depends on what you want to use your wallet for. Remember, if you want to store Bitcoin ordinals, then you’ll need a wallet that supports these specific assets. Similarly, if you want to access the Lightning network, a Bitcoin layer two network, you will need to have a specific wallet capable of accessing that network. Then, there are also multiple other features you may need from a Bitcoin wallet.

Best for Advanced Bitcoin Users: Electrum

This ensures that your private keys are protected from hackers and are not compromised if someone steals your computer, phone, or tablet. They are fairly simple to use so can be great for non tech-savvy users. Blockchain is sometimes referred to as a web wallet since it is cloud-based.

• In addition, the BIP-39 standard also introduced the secret recovery phrase, a way to easily translate the entropy with a simple mnemonic.
• You can still send your currency elsewhere if you want to, for example, trade cryptocurrencies or cash out.
• Your information is not stored on any database and asset ownership is entirely in your hands; an important element of decentralization.
• A bitcoin wallet is essentially a digital wallet for storing, sending, and receiving bitcoin and other cryptocurrencies.

• Software Bitcoin wallets can access your crypto, make transactions, display your balance, and more.
• A Bitcoin wallet is your primary way to manage, send, and receive your Bitcoin.
• Trezor has integrations with other crypto firms such as Exodus, though it also provides built-in services such as staking and crypto purchases through its software products.
• Designed with accessible sizing, enjoy the all new secure touchscreen user experience to manage crypto and NFTs.

Our editorial team does not receive direct compensation from advertisers. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy, financial news, real estate and investing. In English Literature and Professional Writing from the University of Indianapolis, where she also worked as a graduate writing instructor.

Compare the Best Bitcoin Wallets

• This is not something you want to leave to chance; if you lose access to these “private keys,” you may never get your cryptocurrency back.
• SocialFi is Web3’s answer to Web2’s social media problems by enabling users to have control over their content and allow them to directly monetize it.
• While this wallet is bare bones in terms of its user interface and commitment to only Bitcoin, it excels at this primary function.
• We look at more than 15 factors to evaluate crypto wallets, including supported cryptos, integrations, platforms, hot to cold conversion, security, ease of use and more.

The Crypto.com DeFi Wallet emerged as the winner here thanks to the wallet’s connection to the main Crypto.com app. This makes it extremely simple to use Crypto.com’s well-reviewed centralized trading app, then transfer assets to your own self-custody wallet. So you’d need more than $100 worth of BTC to instantly transfer it to your DeFi wallet. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor.

This is one of the most well-known coin exchanges and has been operating from San Francisco since 2012. It accepts many fiat currencies and enables trading of bitcoin, ethereum, litecoin, and Alexander Ostrovskiy bitcoin cash. Nevertheless, here are a few of the most popular exchanges with wallets, should you wish to keep everything in one place. But if you’re planning to protect multiple kinds of cryptocurrencies in one place, it’s a good idea to shop around.