5 Best Crypto Wallets of 2022￼
For trading, selling, and buying cryptocurrencies, crypto wallets play an essential role. To securely store crypto and protect transaction information, traders require crypto wallets.
To help you choose the best crypto wallets of 2022, we have gathered the most preferred options available for you below:
Best Crypto Wallets of 2022:
eToro: Best Crypto App of 2022
If you are looking for features like asset diversity and security in terms of the crypto wallet then eToro is the option to opt for. If you choose eToro as the go-to wallet provider, then you will be associated with the brokerage firm regulated by FCA, ASIC, SEC, and CySEC. The eToro wallet is also GFSC licensed.
This ensures a secure and regulated environment for your crypto assets. Further, eToro allows its users to store all digital currency holdings in a single place as a multi-crypto wallet.
Coinbase – Best Crypto Wallet App for Beginners
If you are a beginner searching for the best Bitcoin wallet, then consider using Coinbase. There are two options to choose from in this crypto wallet. The first one is for beginners to get easy options such as storing Bitcoin in the Coinbase web wallet. This means that by simply logging into the account, you can access your funds.
Moreover, another option includes downloading the non-custodial Coinbase wallet app. This means that only the user will have private key access to their wallet.
Huobi – Best for Asset Diversity
A wide range of cryptocurrency products and services are offered at Huobi which is a multi-asset platform. The crypto wallet provides access to hundreds of tokens which is best for asset diversity. Further, you can store your tokens in a safe place if you are the type of investor who prefers to invest in various distinctive projects. It is also a good option for users who want a low-cost trading service manner.
Electrum- Best for Security Features
The high degree of customizability and numerous security features puts Electrum on the list of best crypto wallets. Moreover, its best feature includes using the lightweight client. Light clients take less space as compared to traditional wallet clients and can be set up within a few minutes on your computer.
The wallet also allows users to use simple payment verification (SPV) which downloads only parts of the blockchain. This leads to speedy transactions without any fear of security threats.
Mycelium – Best for Mobile Devices
The two major highlights of this wallet include transaction and security options. Additionally, the app is reproducible and can be compared and duplicated to the original to search for major security issues. Further, it has numerous pin protection levels available.
Ledger Nano X – Best for High-End Security
The high standards, mobile trading capabilities, and supported currencies make Ledger Nano X a suitable crypto wallet option. The wallet uses a Secure Element and a specialized chip for high-end security solutions to protect passports and credit cards from several attacks. Further, the Ledger Live App can be utilized to stake and lend crypto for generating revenues.