Pepe (PEPE) is a meme coin that capitalizes off of the memetic nature of internet based communities. As a result, the token has skyrocketed in popularity. If you want to jump on the hype and buy PEPE, you will need a supporting PEPE wallet. So what’s the best choice? This guide will help you weigh the options and make an informed decision that aligns with your requirements and circumstances.
Methodology
This guide enlists five of the best PEPE wallets, evaluated across six to eight months for security traits, ability to make direct purchases, quality of UI, transaction costs, and other parameters. Here is what each wallet offers in terms of buying and holding PEPE tokens.
<strong>Coinbase wallet for storing PEPE tokens</strong>
Coinbase supports a diverse array of ERC-20 tokens, including PEPE. Plus, it allows users to interact with DApps, which ensures cross-chain movement of PEPE and other tokens. The Coinbase wallet can also store NFTs and boasts a simple yet robust UI.
Security takes a front seat courtesy of the Secure Enclave Technology and two-factor authentication. User funds, including PEPE tokens, are stored in hardware wallets, and the Coinbase wallet also supports direct purchases of other cryptos with rates of 3.99% for debit/credit cards and 1.49% for bank-based purchases.
<strong>Zengo wallet and PEPE tokens</strong>
The Zengo wallet takes security seriously, courtesy of three-factor authentication as part of the seed phrase recovery setup. Other relevant traits include facial recognition, email verification, and MPC cryptography.
The wallet supports 70+ crypto assets, ensuring easy PEPE-to-crypto swaps. Even NFTs are supported. Zengo also allows direct access to the web3 ecosystem and integration with the DeFi ecosystems, supporting cross-chain PEPE staking.
<strong>Store PEPE on the OKX Wallet</strong>
OKX Wallet is exchange integrated, allowing you to make the most of the highly liquid PEPE/USDT pair that even comprises 12.73% of the total volume. Security-wise, there is real-time transaction monitoring support followed by cold storage integration. OKX wallet is also known for web3 and DeFi integration, allowing yield earning on PEPE and other tokens.
<strong>Store PEPE tokens on SafePal wallets</strong>
Hardware wallets are the best options for storing PEPE tokens long-term. SafePal wallets S1 and X1, therefore, come across as the best possible options, courtesy of the air-gapping support and access to over 100 cryptocurrencies. Security-wise, the secure element chip handles concerns. Furthermore, both the SafePal wallets support cross-chain crypto compatibility, allowing you to move your PEPE tokens between ecosystems.
<strong>Ledger Nano S Plus for PEPE Holdings</strong>
Ledger Nano S Plus is an out-and-out hardware wallet that doesn’t only store PEPE tokens but supports 100+ cryptos, helping with PEPE-to-token swaps. This wallet weighs a mere 21 grams and can be carried around like a pen drive. It even has a 128 x 64-pixel display and the much-anticipated secure element chipset. The Nano S Plus supports 5500+ cryptocurrencies, all of which can be managed via the Ledger live application.
Each wallet ticks off several boxes, which make sense to the PEPE holders. And that is exactly why these five make it to the list. For learning more about BeInCrypto’s methodology verification, click on the given link.
What is PEPE?
PEPE, built on the Ethereum blockchain as an ERC token, is a meme coin through and through: a digital asset without inherent utility or tangible value. Terming itself the most “memeable” of meme coins, PEPE’s foundation is inspired by Pepe the Frog, an internet character that rose to fame in the early 2000s.
By early 2022, cryptocurrency was saturated with various meme coins and related digital assets, dogecoin and shibu inu being two of the most successful. PEPE burst onto the scene in 2023, alighting the bearish market and soaring in value rapidly. The meme coin reached its all-time high of $0.00000431 on May 5, 2023, and sits, as of June 10, 2024, significantly below that price at $0.00001261, as per CoinGecko data.
While pepe’s future is certainly not secure, beyond the meme coin’s humorous facade lies a digital asset that has been buoyed by a dedicated community and has seen substantial trading volumes in its short existence.
What are the best PEPE wallets?
Coinbase Wallet
Coinbase Wallet offers robust support for an extensive array of cryptos spanning numerous prominent networks. The wallet’s user-friendly design simplifies navigation, allowing you to concentrate on more critical matters, be it growing your wallet’s holdings or gaining a deeper understanding of crypto taxation.
Coinbase Wallet imposes no charges for holding cash and supported cryptocurrencies or for conducting transfers of primary balance crypto between two Coinbase Wallets.
However, it’s important to be aware that Coinbase applies fees to all transactions involving non-Coinbase wallets and alternative payment methods. This means that every time you engage in purchasing crypto, NFTs, or any other digital asset from a DApp or non-Coinbase wallet, a fee will be incurred.
- User-friendly interface
- Robust security measures, including two-factor authentication
- Wallet compatibility supports a wide range of popular cryptocurrencies
- Offers educational resources, including articles and tutorials
- Connects seamlessly to Coinbase exchange
- Relatively high fees
If you’re looking for a super-secure wallet to store your PEPE, Zengo is one of the beginner friendly wallets that might be an option for you. The wallet employs advanced tech like MPC security and 3FA,. The Zengo crypto wallet is easy to use, with a simple screen that shows important info without looking too crowded. Additionally, you can buy and sell cryptocurrencies directly within the app. It also offers a number of different payment methods. Users can use a debit card, credit card, bank transfer, or Apple Pay to buy crypto, making transactions easy, safe, and simple.
Moreover, Zengo’s wallet compatibility is fair, supporting over 70 cryptos, including giants like bitcoin and ethereum and of course PEPE. You even get separate wallets for each class, adding an extra layer of safety. Zengo is accessible in most countries globally, covering 188 nations. However, in a few countries, like China, Cuba, and Iran, the app or its full range of features may be unavailable due to local regulations.
- Easy-to-use interface for purchasing, selling, and safeguarding cryptocurrencies
- Accommodates various cryptocurrencies and NFTs
- Utilizes multi-factor authentication for added security
- Restricted or absent functionality in a few countries
At its core, OKX Wallet is a simple yet impressive web3 wallet designed to oversee and manage the extensive web3 ecosystem. It allows users to reach beyond crypto and offer GameFi, DeFi, NFTs, and more. With this wallet, users can also trade and generate passive income.
The multi-chain, non-custodial OKX wallet is one of the easy to use beginner friendly wallets. A seed phrase is automatically created when you first set up your wallet, whether it’s on your mobile app or browser extension. Users have full control and ownership of their funds and can withdraw crypto quickly and easily at any time.
The web3 wallet and decentralized application hub allows users to explore any Ethereum Virtual Machine-compatible blockchain, including Ethereum, Fantom, BSC, Polygon, xDai and more.
- Easy to use user experience
- Permissionless transactions
- Low trading fee
- Gateway to web3
- Unavailable for U.S. users
- Limited liquidity for certain currencies
SafePal Wallet (S1 & X1)
SafePal offers two leading hardware wallet options, S1 and X1, as well as a hot wallet in the form of SafePal app, which seamlessly connects to the hardware options for super-safe cold offline asset storage.
The SafePal S1 is the first tokenized hardware wallet backed by Binance, while the X1 brings a bluetooth-connected, open-source version into the mix. Currently, SafePal boasts a user base of over 6 million verified users, extends its services to 196 countries and supports 54 blockchains. Users can enjoy unlimited secure crypto storage.
What truly sets the SafePal offerings apart is the 100% offline air-gapped signing mechanism, ensuring genuine cold storage. The wallet excels in cross-platform accessibility, caters to both iOS and Google Play users, and has introduced browser extensions for Chrome, Firefox, and Microsoft Edge.on.
- Utilizes a 100% offline air-gapped signing mechanism
- Unlimited currency storage
- Consistently updates its product every two to three weeks
- Mobile app doesn’t support XRP
Ledger Nano S Plus
Ledger stands out as one of the leading providers of hardware crypto wallets for secure crypto storage. While the Ledger Nano X has been subject to controversy in the crypto in 2023, with the company receiving backlash from the crypto community thanks to an optional “recover” feature, the Nano S Plus remains a solid option for anyone looking for a trusted hardware device.
While not multi-signature, Ledger wallets can be integrated with multi-sig software. Users can use the Ledger Live mobile app to conduct online transactions and monitor asset balances, providing a seamless experience between online and offline asset management.
Compatibility extends to various interfaces, including Windows, Linux, MacOS, and Android.
Moreover, the Ledger Nano S supports over 5,500 cryptocurrencies, including PEPE. The device also has extended memory allowing you have over 100 apps installed simultaneously.
- Secure offline storage
- Compatible with 50+ wallets for accessing DApps, different assets, and web3 applications
- Supports more than 5500 assets
- Secure element chip is CC EAL5+ certified
- Seamless online to offline storage
- Can be expensive
- Ledger has come under fire in 2023 following controversy over new features and private key access
PEPE wallets comparison
| Wallet | Type | Supported coins | Custody |
|---|---|---|---|
| Coinbase Wallet | Mobile/ browser extension | ERC-20 and EVM compatible chains | Non-custodial |
| Zengo | Mobile | 120+ | Semi-custodial |
| OKX Wallet | Mobile/web extension | 350+ | Non-custodial |
| Safepal (X1 & S1) | Hardware | 100+ million | Non-custodial |
| Ledger Nano S Plus | Hardware | 5,500+ | Non-custodial |
Choose the right PEPE wallet
Selecting the right pepe wallet for you is essential. If you’re looking for a user-friendly hot wallet, Zengo Wallet, OKX, and Coinbase Wallet are all excellent options. For hardware options facilitating safer offline storage, both Ledger and SafePal have solid offerings. Which wallet you choose will depend on your individual priorities and goals. For example, if you are a total beginner, Coinbase Wallet wins. If you want to store your PEPE and gain access to the wide world of web3, OKX Wallet is best.
Frequently asked questions
What is the best wallet for storing PEPE?
How does pepe wallet work?
Should I buy Pepe?
What is Pepe (PEPE)?
What is the use of Pepe (PEPE)?
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