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Best Crypto Wallets of 2024

14 mins
Fact Checked
by Ryan Glenn
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In Brief

  • Crypto wallets are used to store your crypto funds.
  • Desktop and mobile are the most popular types of wallets.
  • Hardware wallets are important for those who plan to hodl.

If you’ve invested in cryptocurrency, there’s one thing you’ll always need — a safe, reliable Crypto wallet to store your assets in. Crypto wallets come in many shapes and sizes, with mobile, desktop, and hardware wallets available for almost all coins on the market. As crypto wallets come in so many different forms, this article will explore the many different types of wallet, what they do, and how you can use them to secure your precious cryptocurrencies safely.

Methodology

What are crypto wallets?

A crypto wallet is an application or software, that stores your cryptocurrencies. The wallet allows you to store, send and receive cryptocurrencies quickly and safely. Some of these wallets have more features than others, including the ability to store cryptocurrencies from various networks alongside more advanced security measures.

It is also important to be aware of hot wallets vs. cold wallets. Hot wallets, hosted on internet-enabled devices, offer easier access but carry higher security risks. Cold wallets store assets offline, accessible only through physical control of the device, private keys, or master seed phrase.

Typically, hot wallets handle smaller, fast-moving funds for spending, trading, payments, or exchanges. Conversely, cold wallets suit long-term holders who aim to store the bulk of their portfolio for extended periods securely.

The different types of wallets available

Now we’ve covered the basics of what a crypto wallet is and how it works, let’s move on to the different types of wallet available to you. BeInCrypto has compiled an overview of some of the most prominent wallets available for Bitcoin and other popular cryptocurrencies.

Desktop wallets

1. YouHodler

Desktop Wallet
Availability
EU and 100+
Cryptos
45+
Transfer fee
Network gas fees
Interest
up to 9%

2. Paybis Wallet

Web and mobile wallet
Availability
US, CA, DACH, Northern Europe & 180+
Cryptos
80+
Transfer fee
Variable (Depends on Payment Method)
Interest

3. Nexo Wallet

Desktop Wallet
Availability
100+ countries
Cryptos
30+
Transfer Fee
Zero deposit fees, 5 free withdrawals per month
Interest
Up to 20%

4. StormGain Wallet

Desktop Wallet
Availability
100+
Cryptos
10
Transfer Fee
Zero deposit fees, Fixed withdrawal fee + 0.1%
Interest
Zero interest

5. Exodus Wallet

Desktop Wallet
Availability
Global
Cryptos
300+
Transfer fee
Zero deposit fees, Network gas fees
Interest
Earn interest through Compound app on desktop wallet

Mobile wallets

1. COCA

Non-Custodial Debit Card
Availability
Initially UK and EEA, with plans for global expansion
Cryptos
Supports a wide range of cryptocurrencies
Transfer Fee
Zero fee for cross-chain swaps
Interest
N/A

2. ZenGo

Mobile Wallet
Availability
US, EU, and 180+ countires
Cryptos
120+
Transfer fee
Network gas fees for sending and receiving
Interest
5.16% on Tezos

3. Trust Wallet

Mobile Wallet
Availability
Global
Cryptos
4.5M +
Transfer Fee
Network gas fees
Interest
Zero interest

Exchange wallets

1. Bybit Wallet

Exchange Wallet
Availability
100+ countries
Cryptos
10+
Transfer fee
Network gas fees
Interest
No interest

2. Binance Chain Wallet

Exchange Wallet
Availability
Global
Cryptos
100+
Transfer Fee
Network gas fees
Interest
Up to 30% BNB

3. Coinbase Wallet

Exchange Wallet
Availability
Global
Cryptos
100+
Transfer Fee
Network gas fees
Interest
Zero Interest

4. Kucoin Wallet

Exchange Wallet
Availability
Global
Cryptos
100+
Transfer fee
Kucoin and network gas fees
Interest
Zero fees

Hardware wallets

1. Ledger

Hardware Wallet
Availability
100+
Cryptos
5,000+
Transfer fee
Network gas fees
Interest
Zero interest

2. Trezor

Hardware Wallet
Availability
200+ countries
Cryptos
5,000+
Transfer fee
Network gas fees
Interest
Zero interest

3. Safepal

Hardware Wallet
Availability
100+ countires
Cryptos
30K +
Transfer fee
Network gas fees
Interest
Zero interestt

How do I keep my wallet secure?

The level of security varies with each type of wallet. As always, storing your keys online is always a more high-risk option than offline because of the potential for hacking or an exploit on your devices. Ways to increase the security of your wallet include backing it up, keeping the software updated, and adding extra security measures such as 2FA and identity verification.

In any wallet, remember that losing your private keys equates to losing access to your assets. As the cryptocurrency market grows in popularity and value, it’s increasingly vital to understand and implement robust security tips and measures for your digital assets.

Are you looking for a reliable wallet?

As a cryptocurrency holder, you now have a wealth of reliable wallet options at your disposal! Each wallet presents its benefits and risks, encouraging users to explore different solutions for various use cases. Additionally, while we can expect future ease of use and security improvements, the responsibility to safeguard your funds currently lies with you.

Whether you prefer a desktop, mobile, browser, exchange, or hardware wallet, you’ll find that all your favorite assets receive wide support. Using our guide above, we’re confident you’ll find the wallet that best suits your needs.

Frequently asked questions

What is Argent Wallets account abstraction?

What is a crypto wallet?

What are hot and cold wallets?

What is a hardware wallet?

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Jessica Lloyd
Jess graduated in the United Kingdom with a Biology degree and then spent several years managing communications for companies in the United Arab Emirates, Africa and South East Asia. She believes that bridging the education gap is a vital step in mainstream understanding of what emerging technologies can offer societies worldwide.
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