Digital wallets are convenient and secure ways to store your credit cards, loyalty programs and funds. They can be used on smartphones and computers. They offer a range of benefits including enhanced data security, expense tracking and faster checkout speeds.
Using a digital wallet can also save you money on transaction fees. We’ve rated the best wallets for convenience, customer service and other criteria.
Exodus
Exodus is a popular non-custodial digital wallet that supports a wide range of crypto assets. It offers sleek interfaces for trading, staking and tracking investments. It also comes with a full selection of integrated applications that add to the wallet’s functionality. It can be used on desktop computers, mobile devices and browsers. It can also be paired with Trezor hardware wallets to offer added security.
Exodus is a good option for mainstream users who want a versatile, easy-to-use wallet that can be used to trade and stake cryptocurrencies. However, it lacks advanced security features such as 2-factor authentication and email backups. Exodus also doesn’t support multi-signature addresses. This means that only one user can access your account if you lose your private keys. This is a risk that all cryptocurrency investors must take into consideration when using any digital wallet.
BlueWallet
BlueWallet is a Bitcoin wallet app that offers an amazing set of usability features. The app is non-custodial and implements most of the latest Bitcoin features available today including Native SegWit, RBF, and Lightning support. The app also focuses on making cryptocurrency accessible for beginners with a simple user interface.
Upon creating an account, the wallet will prompt you to enter a series of 24 words. These are your recovery seed and must be kept safe and should never be shared with anyone else.
One of the unique features of BlueWallet is its batch processing tool that allows you to bundle multiple transactions into a single block which reduces transaction costs. This feature is a major benefit for users. It also supports a wide variety of coins and has excellent wallet management features.
Electrum
Electrum is a desktop wallet that offers several features, including multisig and 2FA. It is free to download and works well with hardware wallets, including the TREZOR Model T and Ledger Nano S. It is a non-custodial wallet, so users keep their own private keys.
Unlike most other wallets, Electrum does not require you to download the entire Bitcoin blockchain to operate. Instead, it connects to servers that index the blockchain and only downloads a fraction of the data required to perform most transactions. This also makes it lighter and faster than Bitcoin core.
Electrum’s user interface is easy to use, with three tabs at the top of the window. This allows you to send or receive coins, check transaction history, and create invoices.
ZenGo
One of the more unique features offered by ZenGo is the ability to buy crypto from within the wallet interface. This is a major convenience factor that multiple ZenGo wallet reviews point out. The wallet is also a non-custodial platform, and it does not require users to memorize private keys. Instead, the wallet uses two unique signatures to keep funds secure.
In addition to its strong focus on security, ZenGo offers live 24-7 in-app customer support. The wallet is a great option for both newcomers and veteran crypto investors. For example, it eliminates the need for seed phrases, and it allows you to backup your account with a facial biometric. It also supports a large number of coins and is compatible with several blockchain networks.
Atomic Wallet
The wallet has a simple user interface that makes it easy to navigate. It also offers a variety of customisation options. Its support team is available 24/7.
Atomic Wallet is a free-to-use cryptocurrency wallet that stores its users’ crypto assets securely and privately. Its private keys are encrypted and stored locally on the devices used by the users, allowing them to have full control over their funds.
In addition, the wallet has a built-in exchange that allows users to swap and convert their crypto assets without leaving the wallet. However, this feature comes with fees that are higher than those charged by other crypto exchanges. Nevertheless, the wallet is still worth checking out for its features. Moreover, it has a mobile application and is compatible with hardware wallets like the Ledger Nano S.