10 Best Cryptocurrency wallets in 2022

Do you want to invest in Bitcoin or any other cryptocurrency? Consider a crypto wallet.

“Wallet” is a metaphor, because we are talking about digital currency. As a safe place to store your proof of ownership, a cryptocurrency wallet can take the form of physical hardware or software installed on your computer or smartphone or in the cloud. Popular services like Robinhood, PayPal, and Venmo let you buy bitcoins and other cryptocurrencies quickly and with little technical knowledge.

If you are looking to buy and store Bitcoin or other cryptocurrencies, you might be looking for the best Bitcoin wallet. We’ve reviewed a long list of Bitcoin wallets with a focus on cost, user experience, supported cryptocurrencies, and other features. Read on to discover some of the best Cryptocurrency wallets available today.

Best Cryptocurrency Wallets of 2022

Coinbase Wallet: Best for beginners

• Purchase Cost: Free
• Cloud Storage: Yes
• Cold Storage: Yes
• PROS: User-friendly interface that is easy to navigate, Supports more than 500 cryptocurrency assets, Multi-signature and 2-factor authentication support, Backed by a reputable exchange that is able to recoup lost or stolen assets
• CONS: Similar security issues and weak points as other hot storage alternatives, Only available on mobile and tablet devices (except for Chrome extension)

Coinbase is the best-known cryptocurrency exchange in the US. The company makes it easy to trade well-known cryptocurrencies from bitcoin to dogecoin and has its Visa-backed debit card that integrates with Apple Pay and Google.

If you are new to cryptocurrencies, the Coinbase wallet is a good place to start. It can be downloaded as an app for Android or iOS, the interface is intuitive, and the wallet is fully integrated with the company’s exchange, making transactions easy, including buying coins and tokens with traditional currency.

Mycelium: Best fo Mobile Users

• Purcahase Cost: Free
• Cloud Storage:Yes
• Cold Storage: Yes
• PROS: Customizable transaction fees, Ability to use hardware wallets, Open-source software

• CONS: Mobile only, Confusing for a first-time user

Mycelium also has more exciting features, such as hardware wallet support, which allows users to keep their Bitcoins in an offline storage device while using the Mycelium UI to view their holdings.

Exodus: Best for desktop users

• Purchase Cost: Free
• Cloud Storage: Yes
• Cold Storage: Yes
• PROS: Huge variety of cryptocurrencies, Built-in exchange, Good customer support
• CONS: Closed source software

Exodus is a desktop and mobile wallet with a very simple user interface and an integrated exchange. One of Exodus’ most popular features is the ability to trade between a growing number of cryptocurrencies. Exodus currently allows exchanges between more than 150 different cryptocurrencies.

The Exodus Wallet is designed to work on Mac, Windows, and Linux computers, although a companion app is available for Android and iOS devices. The desktop user interface is simple and easy to learn. Your wallet is seamlessly integrated with the Exodus exchange, so it’s easy to transact.

With its simplicity, this wallet is great for beginners just getting into the crypto space. It also has great support, an essential feature for beginners getting into what many would consider a confusing market.

Electrum: Best for advanced Bitcoin Users

• Purchase Cost; Free
• Cloud Storage:Yes
• Cold Storage: Yes
• PROS: Customizable transaction fees, Greater level of security than most hot wallets
• CONS: Bare-bones user interface, Only works for Bitcoin, No formal customer support, only documentation and community

Electrum is open source, allows its users to set custom transaction fees, and has the option to choose between legacy Bitcoin and Segwit. It also offers users the ability to select the level of security they wish to use. For example, you can create a standard wallet, one with 2-factor authentication, or a multi-signature wallet. You can also elongate your seed phrase with custom words.

Electrum is perfect for the more advanced Bitcoin holder who wants great security features and customizability, all in a simple layout.

Binance: Suitable for experienced Investors

• Purchase Cost: Free
• Cloud Storage: Yes
• Cold Storage: Yes
• PROS: Over 365 cryptocurrencies for trade globally, One of the cheapest platforms to use, Massive selection of transaction types
• CONS:The platform is complex and may be confusing , Binance has run into regulatory trouble in several countries, No built-in digital wallet

Binance is the largest cryptocurrency trading platform in the world. Because it offers a robust selection of trading options and features, it is not particularly user-friendly. Investors of all skill levels will likely experience a steep learning curve with Binance.

Through its desktop or mobile dashboards, Binance offers a wide array of trading features, including an impressive selection of market charts and hundreds of cryptocurrencies. Users can also access a variety of trading options including futures and options, as well as several order types.

In addition to its tools and features, Binance also offers a comprehensive learning platform, an NFT platform, and more.

Ledger Nano X: Best Hardware Wallet

• Purcahase Cost: $149.00
• Cloud Storage: No
• Cold Storage: Yes
• PROS: Ledger Live has an intuitive and convenient user interface, Open-source software with added benefit of customer and community support, Storage for between 3 and 20 different apps, Convenience of Bluetooth connectivity
• CONS: Bluetooth integration a potential vector of cyber attack (USB is still an option, Bluetooth feature not perfected, Limited wallet storage

The Ledger Nano X is the second generation hardware wallet from Ledger, a French company launched in 2014. The Nano X resembles a USB drive and connects to your device via USB or Bluetooth. This means that you can connect the wallet to your iOS or Android device without needing a computer. It supports over 1,800 cryptocurrencies. This list grows each year as the Bitcoin community asks for support for their favorite cryptocurrencies.

While the device itself is a cold storage hardware wallet, the Ledger team has created the Ledger Live software that provides a user interface for all your holdings. This gives users the ability to add new wallets for different cryptocurrencies to their devices and manage their portfolios.

Trezor Model T : Best for Security

• Purchase Cost: $215.77
• Cloud Storage: No
• Cold Storage: Yes
• PROS: Web-based user interface with exchanges built-in, Massive list of supported cryptocurrencies, Open-source software with added benefit of customer and community support
• CONS: Higher price point than others, Small touchscreen for typing, Confusing for a first-time user

The Trezor Model T is very similar to the Ledger, but it provides the user with the ability to access third-party exchanges, such as Changelly and CoinSwitch, right within their website interface. While this is quite convenient, it hardly justifies its most expensive price of $215.77.

The Model T uses a touchscreen, which may be easier for beginners to use than the buttons used by the previous model. The Trezor also has a MicroSD card slot, which allows you to use MicroSD cards to encrypt your PIN and further protect your device against attacks.

Ledger Ledger Nano S: Best bang for your Buck

• Purchase Cost: $59
• Cloud Storage: No
• Cold Storage: Yes
• PROS: Access to Ledger Live, Secure storage for a low price, Open-source software with added benefit of customer and community support
• CONS: Max storage of three apps, No wireless Bluetooth feature

The Nano S is essentially the same as its successor, the Nano X, minus a couple of features. Both support the same list of cryptos and have access to the Ledger Live software. Unlike the Nano X, Nano S lacks Bluetooth connectivity, and it only stores up to three apps versus the 100 that can be simultaneously stored with Nano X.

That said, at just $59, the Ledger Nano S is a great wallet for those looking to store their cryptocurrency securely at a fair price. It’s also fairly easy to use with Ledger Live, making it ideal for a beginner looking for security and easy storage for a handful of cryptocurrencies.

Opolo: Best for Android users

• Purchase Cost: $227.19 (Bundle packs are also available at a discount)
• Cloud Storage: No
• Cold Storage: Yes
• PROS: Large touch screen, Up to 120 characters support for password and passphrases, Apps for desktops and Android
• CONS: No iOS app is available at the moment, No encrypted backups, Firmware is not fully open-source

Opolo is another excellent cold storage option for mobile users on Android devices. Unfortunately, it is not available for iOS users. Opolo allows investors to set up encrypted hardware wallets for more than 280,000 cryptocurrencies and tokens.

These wallets use EAL6+ rated secure chips, the highest possible security certification for hardware wallets. Opolo’s other features include USB encryption, anti-theft protection, randomized keyboard access and virus-free usage.

OPOLO’s mobile app is only available on Android devices, but the wallet is also available on Mac, Windows, and Linux for users with desktops or laptops.

Zengo: Superb Mobile Wallet

• Purchase Cost: Free
• Cloud Storage: Yes
• Cold Storage:
• PROS: Smooth user interface, Buy and sell within app,One of the easiest wallets to set up, Earn interest on holdings with no lock up
• CONS: Have to store Keyless Recovery Backup on iCloud or Google Drive, Not fully non-custodial

ZenGo Wallet is a noncustodial mobile cryptocurrency wallet that replaces the use of private keys in favor of threshold signatures to create two “mathematical secret shares”: one stored on your mobile device, the other on their servers. This means there is no single point of failure and no risk of irretrievably losing your coins in the event of a hack or wallet loss.

ZenGo also allows you to earn interest on your crypto holdings by lending them out. You can access the earning tab directly from the wallet and you will earn interest over time, and you can sell, trade, or transfer the assets with no lock-up period.

ZenGo Wallet supports a wide array of cryptocurrencies, with 70+ coins and tokens currently supported and more support on the way.