15 Best Crypto & Bitcoin Wallets of October 2024

As an added convenience, you can also purchase cryptos with fiat through third-party providers like Moonpay and https://www.xcritical.com/ stake assets directly from your Trust Wallet. You’ll be hard-pressed to find a hardware wallet that does as much for you at such a reasonable price. You can also stake a selection of your digital assets via Ledger Live or put them to work in DeFi. Our picks are designed to help you choose the best wallet for your goals and holdings.

Cryptocurrency Exchanges Compared

If you’re looking for an crypto wallets and exchanges easy way to buy and sell crypto without paying a commission, Robinhood is a good fit. To understand crypto security, it’s vital that an investor understands the difference between custodial and non-custodial crypto wallets. Overall, Exodus Wallet is one of the industry’s leaders, and it’s easy to see why. It expertly straddles the line between supporting advanced features and being a beginner-friendly option.

Our savings rates for supported digital assets.

It’s also one of the few remaining crypto wallets that only deals in Bitcoin, a currency that Electrum is uniquely outfitted to support. MetaMask is also notable for its compatibility with other blockchain solutions. Users can add almost any blockchain network to the app, and the wallet fully supports popular Web3 networks, including Polygon, BNB Chain and Avalanche. Users can also use the wallet to access popular NFT marketplaces like OpenSea, and swap a variety of collectibles. Cold wallets are usually gadgets that are disconnected from the internet that help you store sensitive crypto information.

Independent Reserve: Best for crypto self-managed super funds

Because large amounts of money can change hands on crypto platforms, you need to choose a platform carefully and do your due diligence to ensure that the exchange is legitimate. Cryptocurrency is a decentralized digital currency that isn’t backed by a government and doesn’t rely on financial institutions to help facilitate transactions. These networks enable secure online transactions without the need for third parties and have less overhead and transaction costs. Gemini is great for beginners thanks to a strong user interface and an abundance of educational materials that explain both crypto and investing concepts. It’s also a solid choice for advanced traders thanks to its in-depth and powerful trading tools. Robinhood is a popular mobile investing app that’s known for its lack of fees.

Different Types of Crypto Wallets

The device features 2 Secure Element chips – the same type of chips used to protect data for passports and credit cards – to protect your private keys. This saves you the hassle of downloading multiple wallet apps and makes it our standout pick for the best mobile wallet. For added security, you can store the keys to your assets on a Trezor hardware wallet, making it easy to upgrade from one to the other if you decide to go pro. The accompanying Ledger Live app also allows you to swap cryptocurrencies, purchase them with debit or credit card or put them to work via DeFi and staking. Ledger Live features the Merlin dashboard which lets you interact with 1,000+ DeFi protocols across 10 chains and track yield, PnL and impermanent loss.

Robert is a senior editor at Newsweek, specializing in a range of personal finance topics, including credit cards, loans and banking. Prior to Newsweek, he worked at Bankrate as the lead editor for small business loans and as a credit cards writer and editor. He has also written and edited for CreditCards.com, The Points Guy and The Motley Fool Ascent.

• Cryptocurrency is a decentralized digital currency that isn’t backed by a government and doesn’t rely on financial institutions to help facilitate transactions.
• MetaMask, for instance, does not directly support bitcoin, as it is designed only for Ethereum-based crypto tokens.
• Gemini Trust Company, LLC, which is part of the Gemini family of companies, is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS).
• The Crypto.com app is highly visual and retains a straightforward experience.
• US residents who verify their identity can access the professional trading platform to buy and sell 200+ digital currencies across its spot market.
• In addition to its visual appeal and intuitive interface, the wallet also features a growing number of apps that diversify its functionality.

Because hot wallets are always accessible online, they also face a greater risk of cyberattacks. Hackers can exploit hidden vulnerabilities in the software that supports your wallet or use malware to break into the system. This is particularly dangerous for web wallets hosted by crypto exchanges, which are bigger targets overall for crypto thieves.

BYDFi is one of the few exchanges that complies with financial industry regulations and holds licenses in Australia, Singapore and the U.S. Users who are interested in spot trading will enjoy the low trading fees and a decent selection of popular cryptocurrencies. Crypto.com  provides a very good selection of cryptocurrencies, with more than 250 available.

Confirm details with the provider you’re interested in before making a decision. 15% feel that other methods are better, including memorizing your seed phrase and destroying all paper copies of it or keeping your funds in a multisig vault. The following are some of our other picks for the best Bitcoin wallets in the US. Holders of the wallet’s own token, XDEFI, can stake their holdings to earn trading rebates and collect utility NFTs. XDEFI is a blockchain-agnostic wallet that lets you showcase NFTs from more than 15 different blockchains side-by-side. It’s this breadth that’s made it our top pick if you’re looking for a dedicated NFT wallet.

The flexibility of SafePal is compounded by its support of over 15 languages and 10,000+ digital assets across more than 100 blockchains. Its wallets are also Web3-enabled, which allows users to interact with dApps, trade NFTs across marketplaces and even try their hand at DeFi projects, among other activities. The wallet’s interface is welcoming and easy to navigate for beginners, but the app also includes a number of additional features that more advanced users may appreciate.

Cryptocurrency is a type of digital currency that generally exists only electronically. You usually use your phone, computer, or a cryptocurrency ATM to buy cryptocurrency. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrencies, and new ones keep being created. Coinbase also has 24/7 customer support and a robust security system, protecting users’ funds and personal information.

Its robust security, support for a wide range of cryptos and connection to both desktop and mobile interfaces are some of the reasons it was our pick for the best hardware wallet. Cryptocurrency is stored in a digital wallet, which can be online, on your computer, or on an external hard drive. A digital wallet has a wallet address, which is usually a long string of numbers and letters. Many of Australia’s biggest banks have imposed blocks or limits on certain crypto exchanges, including the Commonwealth Bank, Westpac, NAB and ANZ. For example, Commonwealth Bank has a $10,000 limit on deposits to crypto exchanges each month.

We do not recommend specific products or providers, however may receive a commission from the providers we promote and feature. With the notable exception of MetaMask, all of our best crypto wallet selections can also help you safely store your Bitcoin. The wallet’s streamlined, cross-chain UI makes sending, receiving and trading NFTs and cryptos across blockchains simple and user-friendly.