You should consider several factors when choosing a crypto wallet. Security, privacy, multi-chain support, multisig support, customer support, and additional features should all be important to you. So, what options exist for storing ATOM, and which wallet should you choose? Here are our top choices of Cosmos wallet options in 2024.
Methodology: How did we select the best wallets for Cosmos (ATOM)?
BeInCrypto’s process for selecting the top Cosmos (ATOM) wallets was meticulous. Each was tested over a period of six months. During this time, many wallets were considered and eventually the list was reduced to the few highlighted in this guide. Many factors were taken into consideration, including
• Security
• Integration into the Cosmos ecosystem
• Features
• User-interface/user-experience
Wallets exhibiting strong operational security features and account controls scored top marks for best Cosmos wallets. Some of these features included strong encryption or account recovery options such as multi-sig or MPC technology.
Additionally, integration into the Cosmos ecosystem was of the utmost importance. This means DApp integration, in-app staking, or support for IBC coins and tokens. User-interface and user-experience was naturally a prerequisite for the top wallets as well. Balanced layouts, smooth operation, color composition, etc. were very important factors.
Lastly, features was a bit of a broad category, but can be quantified as having options or support for features beyond the bare necessities of a wallet. This may include everything from Bluetooth or near-field communication for cold wallets, to address books, in-app browsers, or multi-blockchain, coins and tokens support.
Exodus: Is one of the oldest cryptocurrency wallets that supports more than 300 cryptocurrencies. It is also a web3 wallet that allows access to users’ favorite DApps.
Ledger: A wallet company based out of France. It’s wallet is renown for its security features, Bluetooth capabilities, and associated app, and is an industry favorite.
Lunie: The official wallet of the Cosmos development team, allows in-app staking, and is compatible with hardware wallets like Ledger.
Guarda Wallet: Is available on multiple platforms, such as web extension and mobile. It supports thousands of tokens and coins, and is non-custodial.
Cosmostation: Cosmostation is a Cosmos centric wallet that also supports multiple blockchains, is platform agnostic, and supports web and mobile.
Atomic Wallet: The Atomic wallet, while not an ATOM-specific wallet, supports ATOM, multiple blockchains and tokens, and in-app staking.
Trust Wallet: An all in one wallet, has an in-app browser, staking, DApp integration, and is open-source.
Keplr Wallet: Is an IB-centric wallet that is open-sources, supports multiple DApps and integrates with hardware wallets.
Wetez Wallet: Wetez wallets supports a few blockchains and is primarily a wallet for staking assets.
ImTokenWallet: ImToken is a multi-crypto, all in one wallet, that has many features. Some of these include staking, an address book, NFTs, and a browser to name a few.
This methodology was peer-reviewed and fact checked for accuracy. The aforementioned wallets reflect the top options for holding ATOM. To learn more about BeInCrypto’s Verification Process, navigate here.
What is Cosmos?
Cosmos is a blockchain platform and ecosystem designed to enable the interoperability of various independent and sovereign blockchains. At the heart of the Cosmos ecosystem is the Cosmos Hub.
The main hub blockchain, called the Cosmos Hub, connects to various independent blockchains known as zones. The Cosmos SDK (software development kit) is a framework that allows developers to build their own custom blockchains (zones) within the Cosmos ecosystem and with ease.
These zones can have their own unique features, consensus mechanisms, governance models, and use cases. While blockchains built with the Cosmos SDK can function as independent entities, they also have the potential to benefit from the Cosmos Hub’s interoperability features.
Blockchains created with the Cosmos SDK can utilize the Inter-Blockchain Communication (IBC) protocol to connect and exchange value (tokens) with other blockchains in the Cosmos ecosystem, including the Cosmos Hub.
The native cryptocurrency of the Cosmos Hub is called ATOM. It serves various purposes within the Cosmos ecosystem. Some of these include staking, participating in governance, and a medium of exchange between different zones.
In the short term I am way more bullish on $ATOM than $ETH.
@cosmos 2.0 is going to be the best blockchain experience for most applications. With the improved token economics coming out I do not see how you could be bearish other than the macro.
@PatrickManfra, Twitter: Twitter
What are the best ATOM wallets?
Below is a breakdown of the most popular ATOM wallets that suit both beginners and crypto experts alike.
1. Exodus
JP Richardson and Daniel Castagnoli established Exodus in 2015. It is a versatile cryptocurrency wallet that supports more than 335 cryptocurrencies, offering a seamless experience across various platforms.
Users can access Exodus as a web extension (compatible with Chrome and Brave browsers) on mobile devices (both Android and iOS) and on desktop systems (including Mac OS, Windows, and Linux). Additionally, without the need for setting up an account, users can simply download and start using Exodus.
The platform enables users to purchase cryptocurrencies directly within the Exodus mobile app anytime and from anywhere, offering payment options through credit/debit cards, bank transfers, and Apple Pay. To assist users, Exodus provides round-the-clock customer support and an online help desk for fast responses to inquiries.
Pros
- In-app staking and fiat on-ramps
- Platform agnostic, which gives users flexibility
- Stake multiple cryptocurrencies directly from inside the app
Cons
- Limited features for extra security
BeInCrypto thinks: Exodus is a user-friendly wallet that has been around for a long time, and for good reason. It is a non-custodial wallet that covers the needs of crypto natives.
BIC rating: 4/5
2. Ledger models
When buying your ATOM to hold long-term, hardware wallets are best suited to keeping your crypto safe and secure. All Ledger models seamlessly connect to mobile devices yet store your crypto safely offline.
The Ledger Nano S Plus uses industry-standard security to store ATOM. This includes certified Secure Element (SE) chips that are tamper-resistant. Additionally, the ATOM wallet uses a proprietary operating system (OS), popularly known as the Blockchain Open Ledger Operating System (BOLOS).
The Ledger device is easy to use, making it suitable for both beginners and pros. Users connect the Ledger to a PC with a USB cable where users can manage their coins. Moreover, a live Ledger app allows users to manage other coins and tokens.
Users can also easily stake ATOM through the Ledger device, participating in the overall governance of the Cosmos network without risking their tokens in a hot wallet setup. In case of device loss, users can easily recover their digital assets through seed words and the recovery phrase.
Pros
- Extremely secure cold storage
- Associated app to manage crypto
- Supports multiple cryptocurrencies in addition to ATOM
Cons
- Not ideal for DeFi activities
- Ledger has been criticized in 2023 for its optional “recover” feature, which many feel amounts to an erosion of privacy in the cryptosphere.
BeInCrypto thinks: While Ledger has — alongside Trezor — long been considered the industry standard when it comes to secure cold storage, the wallet’s reputation has taken a nosedive in 2023. However, unless you decide to employ the optional “recover” feature, Ledger still offers a solid option if you want to store your ATOM safely and securely offline.
BIC rating:3.5/5
3. Lunie
Lunie is the official web wallet of the Cosmos development team. Users with the non-custodial Lunie web wallet can easily send, receive, trade, or store ATOM.
Additionally, users can stake their ATOM, actively participate in the Cosmos network, and monitor their system through blockchain operations. Users of the Lunie web wallet can either create a Cosmos wallet address or use an existing one.
The Lunie web wallet is also compatible with the Ledger Nano S. Therefore, users can employ both wallets, gaining both the hardware’s security and the simplicity of software usage depending on their activity.
The Lunie wallet features a simple and dynamic interface that is extremely user-friendly for beginners. Lastly, it operates as a non-custodial wallet. Hence, users keep their private keys and seed phrases to prevent hacks or breaches by unknown third parties.
Pros
- Integrates with Ledger hardware wallet
- Easy to use
- Open source
Cons
- Limited features
BeInCrypto thinks: If you are a Cosmos maximalist and only require features that support ATOM, Lunie wallet is a great choice for you.
BIC rating:3/5
4. Guarda Wallet
Guarda is another alternative non-custodial wallet that is a digital storage facility for Android, Apple, and desktop, and is also compatible with web browsers via an extension. The third-party multi-currency wallet supports ATOM alongside over 10,000 tokens and coins.
The wallet features a user-friendly interface where users can easily manage and stake their ATOM. The staking process is simple and only takes a few steps. The wallet is also open source, meaning most of its code is available on GitHub.
Pros
- Open source
- Web extension
- No KYC
Cons
- In-app crypto purchases are high compared to competitors
BeInCrypto thinks: With its multi-sig support, the Guarda wallet is great for new users who need more protection from a hot wallet.
BIC rating: 4/5
5. Cosmostation Wallet
Cosmostation is the official decentralized wallet for COSMOS (ATOM). The non-custodial, multi-device wallet works on desktop, mobile, and browser via an extension. The Cosmos wallet enables users to securely store, manage, and transact their ATOM.
The intuitive design enables users to access its diverse features and functionalities — making it easier for ATOM management. Additionally, the wallet employs the highest security standards to protect users’ digital assets.
Another impressive feature users can gain from the wallet is its cross-chain compatibility. Meaning users can easily manage multiple cryptocurrencies and digital wallets through a single wallet.
Pros
- Supports multiple blockchains
- Accessible through web, mobile, and browser extension
- High security standards
Cons
- Reliance on third-party servers
- Limited asset support
BeInCrypto thinks: The Cosmostation wallet is a decent option for those who like the Cosmos network but would like a wallet that offers exposure to the Ethereum ecosystem as well.
BIC rating: 3/5
6. Atomic Wallet
Atomic Wallet is another impressive multi-blockchain wallet that supports the Cosmos ecosystem. The private keys are protected with a 12-word passphrase for added convenience and security. Also, the wallet is protected by a password or PIN.
The wallet’s layout is simple and user-friendly, with a fee-free structure. Users can additionally swap tokens without leaving the wallet’s interface. This feature is compatible with both the mobile app and desktop software.
Pros
- Supports multiple cryptos in addition to ATOM
- In-app staking features
- Simple user interface (UI)
Cons
- Limited customer support
- Limited in-app purchases
BeInCrypto thinks: Atomic wallet is very easy to use for beginners
BIC rating: 3/5
7. Trust Wallet
Trust Wallet is a popular mobile wallet available on both IOS and Android. Apart from supporting ATOM, it doubles as the official wallet for the Binance ecosystem, providing a useful integration with the Binance exchange.
A gateway to web3, thousands of DApps, 4.5 million assets, and over 65 blockchains, this all-in-one app also supports staking and features a Touch ID or Face ID for enhanced security.
Pros
- In-app browser
- Open-source software
- Support for multiple cryptocurrencies and blockchains
- Support for IOS and Android
Cons
- Limited customer support
- No two-factor authentication
- No information available about multi-sig support
BeInCrypto thinks: Trust wallet provides users with many features that will rarely leave anything to be desired.
BIC rating: 4/5
8. Keplr Wallet
Keplr Wallet is an innovative “Interchain Gateway” built to support Cosmos’s IBC (Inter-Blockchain Communication protocol). Users can move digital assets back and forth across numerous chains.
The wallet’s layout is simple and user-friendly, making it easy for beginners to navigate. The wallet is also fully open-source. The wallet recently added support for Ledger hardware, allowing users a seamless transition between hot and cold storage.
Pros
- Easy to use
- Constantly adding new features.
- Accessible through multiple popular browsers
- Supports hundreds of DApps
Cons
- Limited functions
- No support for non-IBC coins, including BTC or ETH
- Limited NFT support
BeInCrypto thinks: As far as ATOM wallets go, Keplr Wallet is the perfect tool for interaction with the Cosmos ecosystem. However, support for other crypto is limited.
BIC rating: 3.5/5
9. Wetez Wallet
Wetez Wallet is a popular wallet built on the Tezos blockchain that doubles as a staking wallet. It supports various assets and cryptocurrencies, including ATOM. One of the key features of Wetez Wallet is its capability to allow authorized validators to be listed as an option for delegation.
The wallet supports over 20 digital assets as of early September 2023. At first, the initial signup process can be tricky for beginners. However, the process has become more accessible, and the wallet offers 24/7 customer support.
Pros
- Good security feature
- Customer support
- In-app staking support
Cons
- Limited asset support
- Difficult for beginners to navigate the crypto wallet setup process
BeInCrypto thinks: Wetez is a great option for those who place an emphasis on staking features in their wallets.
BIC rating: 3/5
10. imToken Wallet
imToken is a diverse multi-chain wallet that supports ATOM and numerous cryptocurrencies. Users can only access the wallet through its app version, which features a built-in exchange. The wallet features superior biometric payments that guarantee safe and convenient trading experiences. The exchange is integrated through the Kyber Network Protocol, which supports a diverse usage of tokens.
Furthermore, the exchange enables the swapping of tokens depending on the user’s needs and preferences. Additionally, zero fees are charged when exchanging tokens — however, users must pay for gas to facilitate these transactions.
Pros
- Good user interface
- IOS and Android support
- Supports multiple cryptocurrencies
Cons
- Not fully open-source
BeInCrypto thinks: A solid option for those who require an integrated exchange
BIC rating: 3/5
Which wallet suits you best?
There are several aspects to consider when choosing your preferred Cosmos (ATOM) wallet. If you want a multi-chain and multi-currency wallet, we recommend trying Atomic Wallet, Guarda, or Trust Wallet. If you’re looking for a solid hardware option, check out Ledger or Trezor (not listed, but never a bad buy). Remember, regardless of the wallet you decide to use, DYOR (do your own research) and never invest more than you can afford to lose.
Frequently asked questions
Is the ATOM wallet safe?
Which wallets support Cosmos?
What is the most popular Cosmos wallet?
Disclaimer
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