Keeping a currency is no less important than investing and selling electronic assets. Each owner of a cryptocurrency, before they buy it, needs to choose a wallet, where the existing savings will be stored. Without such a repository, it is impossible to make transactions, because the alternative monetary system does not have a material analog; it develops and exists only in the network of blockchains. We have chosen the most effective cryptocurrency wallets.

A cryptocurrency wallet is a simple pair of identifiers consisting of the address of the Bitcoin wallet and the corresponding two keys. The first key is a public address that can be revealed to all (comparable to the mailbox login), as all payment transactions are performed with it. The second key is private, that is confidential (like the password from the mailbox) and should be kept in the strictest secrecy. If outsiders know it, then all the savings can be transferred to another address. Do not forget that both keys are registered in an anonymous system only once, so one cannot recover lost data, except for some cases, and one cannot confirm their possession of the wallet.

Classification of Crypto Wallets

Some crypto wallets are single-currency, where one can store only one currency. And some are multi-currency, which allow one to simultaneously manage several types of digital money on one platform. In addition, crypto wallets can be divided into hardware, local, and online.

Hardware wallets got their name from their respective devices, which store all the information. Outwardly similar to USB flash drives, they do not have access to the network and are thus considered one of the most reliable.

Local (cold) wallets are not a 100% reliable way to store money. The program can be installed on a computer or phone, while a private key is stored either on a USB flash drive or paper in the form of a QR code. Until one makes a payment, a wallet of this type is considered reliable so that one can store large amounts of cryptocurrency on it. A local wallet can be of two types. A full one loads the entire list of transactions on the computer, so it weighs hundreds of gigabytes and loads for several days. On light ones, the blockchain is stored only in the network, making them less reliable, but more convenient.

Online (hot) wallets are the least secure of all. The private key is stored on a third-party server on the network, and, in fact, this wallet does not belong to the user. Thanks to this, one can restore the data. They are easy to use, as the server can be accessed from anywhere in the world using applications for iOS and Android.

TOP 9 Cryptocurrency Wallets

Trezor wallet

Type: hardware

Currencies: multi-currency. Bitcoin, Litecoin, DASH, Zcash, Bitcoin Cash, Ethereum, Ethereum Classic, tokens of the standard ERC20, Expanse, UBIQ, NEM.

Security level: high

Usage: easy

Anonymity: high

It is the first hardware crypto wallet, which was released back in 2013. It looks like a USB flash drive with a built-in screen and control panel. It has its own software for computers and is compatible with the most popular operating systems. Using the OTG cable and the corresponding API, it is capable of working on an Android application. Data protection is carried out using two-factor authentication of the FIDO/U2F standard. One can view the transaction history, receive and send tokens, and send and read a signed message.

Ledger Nano S Wallet

Type: hardware

Currencies: multi-currency. Bitcoin, Ether, Litecoin, Dash, Zcash, Dogecoin, Bitcoin Cash, Ethereum Classic, Ripple, Vertcoin, QTUM, NEO, Stellar Lumens, ERC20 tokens.

Security level: high

Usage: difficult

Anonymity: high

This flash drive is a wallet from the French manufacturer Ledger, founded in 2015. One can use both proprietary software and other popular wallets for its operation. The wallet has an architecture of two chips, which ensures the functioning of the wallet in a closed environment. With the release of new software with a constant expansion of the list of currencies, one can update the device. It is compatible with Windows, Mac, Linux, and Chrome OS. Also, it can connect to the device on Android using an OTG cable. It has a high level of confidentiality because users do not provide personal data during operation. It is cheaper than the Trezor Wallet and most competitors on the market.

KeepKey Wallet

Type: hardware

Currencies: multi-currency. Bitcoin, Litecoin, Dogecoin, Dash, Namecoin.

Security level: high

Usage: difficult

Anonymity: high

This wallet does not differ from the Trezor Wallet in development and technology. It is worth buying for aesthetic reasons. It is a stylish black device with an integrated screen and visually looks better than the rest of the devices. Managing the wallet takes place through an application for Google Chrome. Through it, one can receive and send cryptocurrencies without having to open pages. All keys are protected by a cryptographic algorithm, and since the wallet is a generator of recovery keys, it can be used to create paper wallets, where KeepKey acts as an intermediary for payment. Upon accessing, it requires a two-phase registration. Viruses for all three listed hardware wallets have not yet been invented.

Exodus

Type: local (cold)

Currency: multi-currency. Bitcoin, Litecoin, Ether, Dash, Golem, Augur, Decred, EOS, Aragon, Gnosis, OmiseGo, Civic, Bitcoin Cash, Ethereum Classic.

Security level: medium

Usage: easy

Anonymity: high

One of the easiest wallets to use with a convenient and understandable website, which is supported on different platforms. The private key is stored on the computer, and not on the site, which allows one to secure the entry. The interface includes the exchanger of coins and the visualization of the portfolio. If necessary, one can copy the data and restore access to money using the seed key of 12 English words. This password will be sent via e-mail in encrypted form or displayed on the screen.

Jaxx Wallet

Type: local (cold)

Currency: multi-currency. Bitcoin, Litecoin, Ether, Ethereum Classic, Zcash, Dogecoin, Golem, Augur, REP, Gnosis, Rootstock, Testnet, Iconomi, DigixDAO.

Security level: medium

Usage: easy

Anonymity: high

A stylish competitor of Exodus, which has a mobile, browser, and desktop (portable, which can be stored and run from a USB) versions. It supports the full storage of several cryptocurrencies, between which one can switch freely. Moreover, thanks to the integration with the ShapeShift exchange, users can use the internal cryptocurrency exchange function. One can see the transaction history and the current Bitcoin address. It is protected by a password of four characters. It also allows one to work with cryptocurrencies on iOS, Android, Windows, OS X, and Linux.

Coinomi

Type: local (cold)

Currency: multi-currency. Bitcoin, Litecoin, Ether, Ethereum Classic, Zcash, Dogecoin, Golem, Augur, REP, Gnosis, Rootstock, Testnet, Iconomi, DigixDAO, and others.

Security level: medium

Usage: easy

Anonymity: medium

It works with many altcoins (about 100). It allows for the possibility of rapid internal exchange of cryptocurrencies using the Changelly or ShapeShift exchangers. There is no KYC bureaucracy for accessing funds, identifying data, and tracking transactions. The transaction process is carried out with the push of a button, which allows one to simplify all transactions. Among the cons is that it only works on Android, but the developers are promising to make a version for iOS too.

Blockchain Wallet

Type: online (hot)

Currency: multi-currency. Bitcoin, Bitcoin Cash, Ether.

Security level: low

Usage: easy

Anonymity: high

One of the most popular and reliable (in its own format) wallets. The private key is stored by third parties in an encrypted form, which reduces the risks of fraud. It is simple in operation as the client interface is translated into Russian. The operations with funds are protected by two-factor authorization and a secret phrase to restore access, it is possible to export private keys. Supports all software, there are mobile applications for Android and iOS.

Infinito Wallet

Type: online (hot)

Currency: multi-currency. Bitcoin, Bitcoin Cash, Liteсoin, Dash, Ether, Dogecoin.

Security level: low

Usage: easy

Anonymity: high

Supported on Android and iOS thanks to the updated lock gateway, and allows one to quickly conduct transactions. Access to the application is via Touch ID. Using real-time graphs, one can estimate the current value of a crypto portfolio. The history of all transactions is copied to the CVS file. More than 10 languages ​​are available for convenience, including Russian.

Enjin Wallet

Type: online (hot)

Currency: multi-currency. Ether, Bitcoin, Litecoin, and Enjin Coins.

Security level: low

Usage: easy

Anonymity: high

All key data is stored and processed in encrypted memory. The main feature is that on Android, the safe layout of windows at the OS level stops any attempts at screenshots or video recording. When registering, 12 words are additionally added to the password, which upon loss of the device will help restore the wallet to any other device. Protection of keystore and confidential data takes place in two steps. Hardware AES encryption is used at a lower level, and software encryption is used at the application level.