The Best Crypto Wallets in 2021 | The Complete Guide to the Best Crypto Wallets Available Online

Best Crypto Wallets 

If you follow this best crypto wallets guide, you won’t go wrong with keeping your crypto safe and even use them to buy and sell them. 

best crypto wallets

Cryptocurrency has gained lots of popularity over recent years with cryptos such as Bitcoin surging in prices.

More and more people are starting to use them in their transactions with companies starting to adopt this form of currency for their regular transactions.

With such popularity, it’s becoming increasingly important to be able to store them in secure locations so that you do not become a victim of fraud and identity theft.

But what is the solution?

Simply, you need crypto wallets.

In today’s guide, we’ll discuss some of the best crypto wallets out there and which ones will work for your needs.

But first, let’s understand what cryptocurrency or crypto is all about?

What is Cryptocurrency?

Cryptocurrency is a form of digital currency that exists mainly online and does not have a real-world counterpart outside of cyberspace.

They are founded on blockchain technology that was designed by cryptographers to be secure from possible identity theft and untraceable apart from the crypto address where one can send and receive cryptocurrencies.

The first cryptocurrency was invented back in 2009 and was called Bitcoin.

Since then, there have been several cryptocurrencies available for customers to take advantage such as Ripple, Bitcoin Cash, Dogecoin.

Right now, the top three cryptocurrencies that people are using are Bitcoin, Ethereum, and Litecoin. 

Why Do I Need a Crypto Wallet?

Crypto Wallets are where you are able to store and keep your cryptocurrency.

These wallets are mostly online though there are ways to store cryptocurrency off the network through hardware such as USB drives.

Crypto Wallets allow you to send and receive any amount of cryptocurrency for digital transactions and other financial exchanges.

It’s basically a holding place that often comes with a unique address.

Many of these wallets are run by third-party companies which also run their own crypto exchanges allowing you to trade directly in the cryptocurrency of your choice while the wallet holds your crypto at the same time. 

Let’s take a look at some of the best Crypto Wallets around.

Coinbase – The Best Overall Wallet

best crypto wallets

Coinbase is probably the most popular and most recognizable of the crypto wallets on this list.

We believe it is one of the best crypto wallets out there and that this is probably a good choice to make if you need a crypto wallet.

It is considered one of the easiest ways to buy and sell cryptocurrencies of many kinds.

You can also connect your wallet to a US bank account so you can directly transfer money in and out of your wallet.

UK residents are also able to use UK bank accounts to facilitate buying and selling of cryptocurrencies.

The one defining feature of why you should use Coinbase over its competition is its overall ease of use making it the wallet of choice for those who are looking for something that’s a bit plug and play.

Ledger Nano – Best Security Crypto Wallet

best crypto wallets

If security is more your thing, then the Ledger Nano is a great choice for you.

It is a USB hardware wallet that is specially designed for cryptocurrency.

It’s a cold wallet that allows you to store your cryptocurrency offline so you can always keep your funds safe.

Compared to most other wallets, this crypto wallet offers many features especially in terms of security.

It even gives you a backup of your private key for your digital currency.

The Ledger Nano is also able to transact like an online wallet where you can complete transactions, exchange your currency, and even use related apps as well as transfer money from one account to another in mere seconds.

The amazing thing with Ledge Nano is that has a great number of coins and tokens and coupled with its extremely portable size, gives it an edge over other hardware crypto wallets.

This hardware wallet is extremely secure as well from hackers as it comes with a physical button that needs to be used to complete transactions.

It also has an anti-tamper-proof feature that checks the integrity of the wallet every time you turn it on. 

Electrum – Best for Desktop

best crypto wallets

Electrum is an old wallet that has existed since the start of Bitcoin when it was only valued with just a few dollars.

It is probably is one of the most reliable and best crypto wallets you will see out there.

It’s now estimated that there are around 10% of Bitcoin transactions are being done on Electrum.

It is a software wallet which means that the Bitcoin is stored on one’s computer rather than it being stored online.

The software is available on Windows, Mac OS X, Linux, and Android.

Electrum can easily be downloaded and installed on your computer.

You can then store bitcoin once Electrum is running on your system. 

Exodus – Best User Experience on the Desktop

best crypto wallets

Now if you’re looking for a wallet that will leave you a great user experience then the Exodus crypto wallet may just be the one to deliver on that.

The wallet has clean graphics, a concise reporting system, and is amazingly user-friendly.

Its advanced features will rival what you can expect from advanced level web-based online wallets like support for multiple cryptocurrencies, one-click exchange, and has top-notch security protocols. 

Mycelium – Best for Mobile

best crypto wallets

Mycelium is probably the best solution when it comes to a Bitcoin wallet for your mobile phone making it on this list of the best crypto wallets.

There aren’t many faults with this product.

It’s simple to use and understand but does have advanced features for more experienced users.

Sending and receiving on the MyCelium platform is fast and is effective for storing small amounts of Bitcoin.

Sadly, Bitcoin is the only crypto that this accepts.

The other drawback is that there is a potential security risk as it operates online.

However, if you are regularly on the move, and need a way to store your Bitcoin while on the road, then you definitely have to pick up this wallet.

Binance – Best Exchange Wallet

best crypto wallets

Now if you want to buy, sell or trade crypto, you will want to have access to a crypto exchange.

This is why Binance is a really good option for a crypto wallet.

This is because Binance not only acts as a wallet but is also an exchange.

This allows you to actually store any manner of cryptocurrency into the wallet while at the same time allows you to exchange those crypto coins that you have for other currencies or for actual cash. 

Final Thoughts

At the end of the day, a crypto wallet is important to store any of your cryptocurrencies.

If you follow this best crypto wallets guide, you won’t go wrong with keeping your crypto safe and even use them to buy and sell them. 

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Author: John Benares

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