Best Crypto Wallets of 2024

The best crypto wallets are available on the market, each with its unique features and benefits. In this article, we will take a look at some of the best crypto wallets of 2024 and help you find the one that's right for you.

Table of content

List of Best Crypto Wallets:

Best Hot Wallets:

  • Bybit – Best overall crypto wallet.
  • Nexo – Best crypto wallet to earn interest.
  • Crypto.com DeFi– Best DeFi crypto wallet.
  • Exodus – Best for multi-platform use.
  • Guarda – Best multi-currency wallet.
  • MetaMask – Best Ethereum wallet.
  • Electrum – Best wallet for Bitcoin.
  • Trust – Best mobile crypto wallet.
  • Coinbase – Best for easy access to DeFi.

Best Cold Wallets:

  • Ledger – Best hardware crypto wallet.
  • Trezor – Best for advanced features.
  • KeepKey – Best crypto wallet for beginners.

Best Hot Wallets of 2024

Below, we provide a list of the best cryptocurrency wallets:

Bybit Wallet

Bybit Wallet allows you to securely store, manage, and send your cryptocurrencies. Unlike Bybit's exchange wallet, Bybit Wallet grants you more control over your crypto holdings through a private key. 

Bybit Crypto Wallet.

Type: Custodial wallet. 

Supported currencies: Many cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and many more. 

Cold storage conversion: Bybit Wallet doesn't directly offer cold storage conversion functionality. 

Staking/DeFi Support: Bybit Wallet doesn't offer built-in staking or DeFi functionalities.

Key features: Bybit allows you to hold your own crypto keys for more control over your funds. You can also interact with DeFi platforms, NFTs, and other dApps easily.

Nexo Wallet

Nexo Crypto Wallet.

Nexo Wallet allows you to store, manage, and earn interest on your crypto holdings. It integrates with the Nexo platform's other features like borrowing and their crypto card.

Type: Non-custodial wallet.

Supported currencies: Supports many popular cryptocurrencies and tokens, including Bitcoin (BTC), Ethereum (ETH), USDC, USDT, and various DeFi tokens.

Cold storage conversion: Connects to hardware wallets for enhanced security.

Staking/DeFi support: Integrates with the Compound protocol for DeFi participation.

Key Features: Non-custodial security, multiple blockchain support, integrated exchange, and Nexo Card compatibility.

Crypto.com Defi Wallet

Crypto.com Crypto Wallet.

Crypto.com DeFi Wallet is a non-custodial wallet that enables users to securely store, manage, and earn rewards on their cryptocurrency holdings. The wallet is considered as the best decentralized crypto wallet and is available as a mobile app for iOS and Android devices, as well as a web app.

Type: Mobile and web app wallet

Supported devices: Mobile (iOS, Android) and web app (any device)

Supported currencies: Easily manage 1000+ tokens across 30+ blockchains.

Can convert to cold storage: Yes, by integrating with hardware wallets

Staking/DeFi support: Yes, it supports staking, DeFi, cross-chain swaps, and NFTs

Exodus

Exodus Crypto Wallet.

Exodus Wallet is a non-custodial cryptocurrency wallet that allows users to store, send, receive, and swap cryptocurrencies. It is available as a desktop app for Windows, Mac, and Linux, as well as mobile apps for iOS and Android.

Type: Desktop and mobile wallet

Supported devices: Desktop (Windows, Mac, Linux) and mobile (iOS, Android)

Supported currencies: Exodus currently supports 250+ assets, including Bitcoin, Ethereum, Litecoin, and more

Can convert to cold storage: Yes, by integrating with hardware wallets

Staking/DeFi support: Yes

Key features: Non-custodial, secure, easy to use, staking support, DEX support, NFT support, Web3 explorer

Guarda

Guarda Crypto Wallet.

Guarda Wallet is a non-custodial multi-currency wallet that enables you to manage and trade your digital assets securely on the go. It’s best for crypto asset investors. With its web and mobile applications, Guarda enables users to have an optimal crypto storage experience.

Type: Multi-platform wallet

Supported devices: Web app, iOS, Android, Windows, macOS

Supported currencies:: Over 10,000 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more

Can convert to cold storage: Yes, by integrating with hardware wallets

Staking/DeFi support: Yes

Key features: Non-custodial, secure, multi-platform, widely supported, staking and DeFi support, cross-chain swaps, NFT support

Metamask

Metamask Crypto Wallet.

MetaMask Wallet is the best Ethereum wallet. It is a web browser extension and mobile app that allows users to store, send and receive digital assets, and interact with decentralized applications (DApps) built on the Ethereum blockchain. It is one of the most popular cryptocurrency wallets, with over 21 million monthly active users worldwide.

Type: Web browser extension and mobile app

Supported devices: Web browsers and mobile devices

Supported apps: Metamask connects you to more than 3700 apps

Can convert to cold storage: Yes, by integrating with a hardware wallet

Staking/DeFi support: Yes, for ETH and other supported cryptocurrencies

Electrum

Electrum Crypto Wallet.

Electrum Wallet is one of the best non-custodial wallets. It’s free and the best Bitcoin wallet that is available for Windows, Mac, Linux, Android, and iOS. It is a lightweight and fast wallet that is easy to use, even for beginners.

Type: Desktop and mobile wallet

Supported devices: Desktop (Windows, Mac, Linux) and mobile (Android, iOS)

Supported currencies:: Bitcoin (BTC) 

Can convert to cold storage: Yes, by using a hardware wallet

Staking/DeFi support: No

Key features: Lightweight and fast, easy to use, secure, non-custodial, multi-signature wallets

Trust Wallet

Trust Wallet

Trust Wallet is a non-custodial wallet that enables users to store, send, receive and swap cryptocurrency assets securely. It is one of the best mobile crypto wallets and is available for both mobile devices and as a browser extension.

Type: Mobile and browser extension wallet

Supported devices: Mobile (iOS, Android) and browser extensions (Chrome, Firefox, Brave)

Supported currencies: Over 100k+ cryptocurrencies and 100 blockchains

Can convert to cold storage: Yes, by integrating with hardware wallets

Staking/DeFi support: Yes

Key features: Non-custodial, secure, easy to use, compatible with Wallet Connect, cross-chain swaps/bridges, NFT support

Coinbase

Coinbase Crypto Wallet.

Coinbase Wallet is a non-custodial cryptocurrency wallet. It is the best wallet to store crypto that enables users to store, send, receive, and trade cryptocurrency assets. It is available as a mobile app for iOS and Android devices, as well as a web app that can be accessed on any device.

Type: Mobile and web app wallet

Supported devices: Mobile (iOS, Android) and web app (any device)

Supported currencies: Over 90 cryptocurrencies and 70,000 tokens

Can convert to cold storage: Yes, by integrating with hardware wallets

Staking/DeFi support: Yes

Key features: Non-custodial, secure, easy to use, compatible with Coinbase, supports NFTs

Best Cold Wallets of 2024

Below, we provide a list of the best cold wallets.

Ledger

Ledger Crypto Wallet

Ledger Wallet is the best hardware crypto wallet that stores your cryptocurrency private keys offline on a secure device. This makes it much more secure than storing your keys on a computer or mobile device, which could be hacked or infected with malware.

Type: Hardware wallet

Supported devices: Ledger Nano S (USB) and Ledger Nano X (USB and Bluetooth)

Supported currencies: Over 5,500 coins and tokens, including Bitcoin, Ethereum, Litecoin, and more

Can convert to cold storage: Yes, Ledger Wallet is a cold storage device

Staking/DeFi support: No, but you can connect to other wallets that support staking and DeFi

Key features: Secure, easy to use, widely supported, secure chip, recovery phrase

Trezor

Trezor Crypto Wallet.

Trezor Wallet is a popular hardware wallet that allows you to securely store your cryptocurrency offline. The Trezor Model T is the latest and most advanced model, featuring a touchscreen display for easy navigation.

Type: Hardware wallet

Supported devices: Trezor Model T (USB/Bluetooth) and Trezor Model One (USB)

Supported currencies: 8987 supported coins & tokens, including Bitcoin, Ethereum, Litecoin, and more

Can convert to cold storage: Yes, the Trezor Wallet is a cold storage device

Staking/DeFi support: No, but you can connect to other wallets that support staking and DeFi

Key features: Secure, easy to use, widely supported, secure chip, recovery phrase

KeepKey

KeepKey Crypto Wallet.

KeepKey Wallet is the best cold wallet for beginners that allows you to store your cryptocurrency offline, protecting it from online theft and malware. It is one of the oldest hardware wallets on the market, and it has been praised for its ease of use and security.

Type: Hardware wallet

Supported devices: KeepKey (USB)

Supported cryptocurrencies: 7217 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and 348 Supported Blockchains

Can convert to cold storage: Yes, KeepKey is a cold storage device

Staking/DeFi support: No, but you can connect to other wallets that support staking and DeFi

Key features: Secure, easy to use, widely supported, secure chip, recovery phrase

Why Should You Trust Us?

Here are some reasons why you should trust us for our wallet recommendations:

  • We are a team of experienced cryptocurrency experts. We have been using and researching cryptocurrencies for many years, and we have a deep understanding of the different types of wallets available.
  • We are objective in our recommendations. We do not have any financial ties to any of the wallets we recommend, so we can provide you with unbiased advice.
  • We constantly update our recommendations. The cryptocurrency landscape is constantly changing, so we regularly update our recommendations to reflect the latest developments.

In addition to these reasons, we are also committed to providing you with accurate and up-to-date information about cryptocurrency wallets. We regularly research new wallets and update our recommendations as needed. We also rely on feedback from our users to help us improve our recommendations.

How Do We Choose the Best Crypto Wallets?

We conduct a thorough research, taking into account the following factors:

  • Security: We assessed the security features of each wallet, including two-factor authentication, encryption, and recovery phrases.
  • Ease of Use: We evaluated the user interface of each wallet and how easy it was to navigate. We also looked at the availability of learning resources and customer support.
  • Features: We reviewed the number of supported cryptocurrencies, staking and DeFi support, cross-chain swaps, NFT support, and multi-platform support for each wallet.

Ultimately, we chose the wallets that scored the highest in all of these categories. We believe that these wallets are the best options for protecting your cryptocurrency and managing your crypto assets.

How to choose the best crypto wallet for your needs.

Learn More About Cryptocurrency Wallets

Crypto wallets are essential tools for anyone who wants to buy, sell, or store cryptocurrency. They function as secure storage units for your digital assets, allowing you to access and manage your crypto holdings with ease.

How Do Crypto Wallets Work?

Crypto wallets store your cryptocurrency in the form of public and private keys. These keys are unique identifiers that link to your cryptocurrency address.

  • The public key is like your cryptocurrency address, visible to anyone you want to send cryptocurrency to. It's like your home address where you receive mail.
  • The private key is like your house key, kept secret and only known to you. It's used to authorize transactions and spend your cryptocurrency.

When you send cryptocurrency, you essentially sign the transaction with your private key, ensuring that only you can authorize the transfer of your funds. The recipient's public key verifies the transaction and ensures it reaches the correct destination.

Types of Crypto Wallets

Types of Crypto Wallets.


Hot wallets:
Online private keys in software programs (web, mobile, desktop). More convenient but higher attack risk.

Cold wallets: Offline hardware devices (e.g., Ledger Nano X, Trezor Model T) for private keys. Higher security but less convenient.

Custodial Wallets: Third-party managed wallets. Convenient with added services (e.g., trading), but users lack private key control, increasing security risks.

Non-Custodial Wallets: Users control and store their own private keys. Full control over assets but requires careful key management.

Software Wallets: Online programs for storing cryptocurrency keys (desktop, smartphone, web). Convenient but less secure.

Hardware Wallets: Offline devices for storing keys. Highly secure; private keys are never online, preventing hacking.

Paper Wallets: Physical paper with printed private keys.

What Type of Wallet Should I Choose?

Choosing the right crypto wallet type is crucial for managing your finances securely. Here are some suggestions to help you choose the best one for your needs:

  • Hot wallets, being online software, offer convenience for regular use but are the least secure. 
  • Cold wallets, physical devices storing keys offline, provide the highest security and are ideal for large and long-term holdings. 
  • Custodial wallets, managed by third parties, are convenient but less secure, suitable for those uncomfortable managing their keys. 
  • Non-custodial wallets, storing keys on your device, are more secure but less convenient. 
  • Software wallets, common and versatile, can be custodial or non-custodial. Hardware wallets, physically storing keys offline, offer top security. 
  • Paper wallets, offline and secure, are inconvenient for regular use but suitable for long-term storage.

What to Consider When Choosing a Crypto Wallet?

Things to consider when choosing the right crypto wallet include security features, ease of use, compatibility with different cryptocurrencies and many more. Here are some important factors to help you make an informed decision:

  • Security Type: Prioritize non-custodial wallets, where you retain control over your private keys. Custodial wallets, though convenient, involve third-party storage, raising security concerns.
  • Security Features: Opt for wallets with robust security measures, such as multi-factor authentication (MFA), encryption, and hardware security modules (HSMs).
  • User Interface: Choose a wallet with an intuitive and user-friendly interface that caters to your experience level, especially if you're a beginner.
  • Supported Platforms: Consider your preferred device and operating system compatibility. Some wallets offer cross-platform compatibility for seamless access across multiple devices.
  • Coin Coverage: Check if the wallet supports the cryptocurrencies you intend to store. Most wallets offer support for major coins, but some cater to specific blockchains or niche altcoins.
  • Future Compatibility: Ensure the wallet is actively developed and plans to support new cryptocurrencies emerging in the market.
  • Fiat Conversion: You can buy crypto by using your credit card.
  • Staking and DeFi Integration: If you plan to participate in staking or DeFi (decentralized finance) activities, look for wallets that support these functionalities.
  • Wallet Reputation: Research the reputation of the wallet provider and its track record of security and support. Read user reviews and industry reports to assess its credibility.
  • Community Engagement: Join online communities and forums, like reddit, related to the wallet to gather insights from experienced users and potential concerns.
  • Initial Cost: Determine the wallet's initial cost, especially for hardware wallets, which may require upfront expenses.
  • Maintenance Costs: Check for recurring fees or subscription charges for cloud-based or premium features.

Remember, security should be a top priority. Choose a wallet that prioritizes user security and prioritizes your peace of mind.

Benefits of Crypto Wallets.

Benefits of the Best Crypto Wallets

Cryptocurrency wallets offer a range of benefits to users:

  • Security: Cryptocurrency wallets have been designed in such a way that they will secure your cryptocurrency from theft or the collapse of exchanges. They secure coins through many security tactics such as encryption and two-factor authentications.
  • Privacy: They help you maintain your privacy. Contrary to the need for providing your personal information to a third party in a traditional banking system, with a cryptocurrency wallet, you are in control of your privacy.
  • Convenience: Such a wallet provides easy sending, receiving, and storage convenience. That also means that you can transact from anywhere around the world if you have a wallet. You can use it for payments either by online mode or through in-person transfer.
  • Sovereign: All the security and control of the cryptocurrency is placed in your hands. Thus, you are not reliant on some third-party service but sovereign to make use of your coins whenever.
  • Accessibility: They are accessible from various devices, including computers, smartphones, and tablets. Hence, you can access your coins from anywhere in the world.
  • Transparency: Cryptocurrency establishes a decentralized ecosystem to all users; there is no one controlling the system. This means it is more transparent compared to the conventional banking systems. 
  • Innovation: This makes the industry of cryptocurrency one of the most innovative and fast-growing industries in the world. Therefore, in the world of cryptocurrency wallets, something new and exciting is always opened.

The top crypto wallets generally offer a range of benefits that make them invaluable tools for anyone looking to use crypto.

Challenges With Cryptocurrency Wallets

Cryptocurrency wallets have some challenges that users should be aware of:

  • Security Concerns: Security concerns surrounding crypto wallets primarily stem from the potential loss of assets due to hacking, phishing, or human error. Users may lose access to their funds through malware, forgetting passwords, or mishandling private keys.
  • Complexity and Technical Knowledge: Cryptocurrency wallets can be complex to use, especially for new users. Some wallets require a high level of technical knowledge, and it can be difficult to understand how to send, receive, and store your coins safely. 
  • Limited Functionality: Many cryptocurrency wallets only support a limited number of cryptocurrencies. This can be frustrating if you want to store a variety of coins.
  • Accessibility: Cryptocurrency wallets can be difficult to access if you do not have a computer or smartphone. Some wallets only work with certain operating systems, and others may not be compatible with your device.
  • Education and Awareness: Many people are not familiar with cryptocurrency wallets, and they may not understand the risks involved. It is important to educate yourself about cryptocurrency wallets before you use them. 

Despite these challenges, cryptocurrency wallets are a valuable tool for anyone who wants to use cryptocurrency. By understanding the risks and taking steps to protect your wallet, you can reap the benefits of using cryptocurrency.

How to Set Up a Crypto Wallet?

Hot Wallets

Setting up a hot wallet involves choosing a software wallet, downloading it, and following the setup instructions.

Here are the steps on how to set up a hot wallet:

  1. Choose a hot wallet provider: There are many different hot wallet providers available, so it is important to choose one that is reputable and has a good reputation for security. Some popular hot wallet providers include Bybit and Coinbase.
  1. Download and install the wallet software: The hot wallet provider will provide you with a link to download and install the wallet software. You can install the software on your computer, smartphone, or tablet.
  1. Create a recovery phrase: A recovery phrase is a set of 12 or 24 words that will allow you to recover your wallet if you lose your device or forget your password. Make sure to write down your recovery phrase on paper and store it in a safe place.
  1. Fund your wallet: Once your wallet is set up, you can fund it by transferring cryptocurrency from another wallet or exchange.

Cold Wallets

Setting up a cold wallet involves choosing a hardware or paper wallet, ensuring it is offline, and securely storing it.

Here are the steps on how to set up a cold wallet:

  1. Choose a cold wallet provider: There are a few different cold wallet providers available, but the most popular ones are Ledger and Trezor.
  1. Buy a cold wallet: Cold wallets can be purchased from the manufacturer's website or from a reputable retailer.
  1. Install your cold wallet: Once you have your cold wallet, you will need to set it up by connecting the device, following the setup prompts, and generating a seed offline.
  1. Transfer your cryptocurrency to your cold wallet: Once your cold wallet is activated, you can transfer your cryptocurrency from another wallet or exchange.

Final Thoughts on Best Crypto Wallets

The best crypto wallets are those that align with your specific needs and risk tolerance. For frequent access to your cryptocurrency, hot wallets like Nexo or Bybit are ideal, offering convenience and ease of use. However, if security is your top priority, consider cold wallets such as Ledger, Trezor, or Keepkey, which provide superior protection for your assets. Choose the wallet that best matches your lifestyle and security preferences to ensure your crypto holdings are both accessible and secure.

FAQ About Crypto Wallets

Which hot crypto wallet is the most trusted?

Nexo Wallet and Bybit Wallet are two of the highest-rated hot wallets.

What is the best crypto wallet for security?

The best security wallet for crypto is Ledger.

Where is the safest place to store crypto?

The safest place to store crypto is in a hardware wallet, such as Ledger.

How do I choose a cryptocurrency wallet?

Consider security features, ease of use, and whether you prefer a hot or cold wallet.

Where to hold crypto for the long term?

For long-term storage, use cold wallets. For short-term storage, use hot wallets.

Rahul is a skilled freelance writer specializing in cryptocurrency and an expert in cryptocurrencies, blockchain technology, NFTs, and Web3.