Crypto Wallet Review: A guide to choosing the best wallet

All registered Bitcoin Store users can store their cryptocurrencies on its Bitcoin Store Wallet. Storing crypto on the digital wallet is the simplest method of storing cryptocurrency.

This article will also cover the advanced crypto storage options.

Multi Wallet - one for all

If you are not keen on the idea of using the hardware wallet, or perhaps installing a special wallet for each cryptocurrency, you should consider multi wallets.

As their name indicate, they support more than one cryptocurrency. These wallets won't let you use all cryptocurrencies out there. However, most popular cryptocurrencies will be supported. Some of the most popular multi wallets are:

• Enjin (mobile)
• Trust Wallet (mobile)
• Cinomi (mobile + desktop)
• Atomic Wallet (mobile + desktop)
• Exodus Wallet

Below, we will cover some cryptocurrencies and show the best wallets which currently exist for each cryptocurrency separately. We choose wallets which have a good support for determining the fee you pay to the miners so the waiting could be reduced to the least possible duration.

Next, it is important that all keys are stored locally, so the wallet is not cluttered with unnecessary functions. In the end, we must not forget the simplicity of use, as well as the features which make the use easier, such as a biometric unlocking on smartphones.

Considering the fact that the design has a subjective nature, we haven’t paid too much attention to it.

Bitcoin (BTC)

The father of all cryptocurrencies has the largest choice of diverse and very often bad wallets. This makes the choice of a quality wallet option harder. Below we will list the options which we found solid and which gave us no problems in practice, but the final choice is on you, our dear reader.

Hardware: Ledger and Trezor

Windows: Exodus | Electrum

Android: Mycelium

iOS: Enjin | BRD

Ethereum (ETH) and ERC-20 tokens

Ethereum is one of the most popular blockchain platforms in the world. Tokens issued on Ethereum platform are called ERC-20 tokens. All ERC-20 tokens can be stored on wallets which support ETH, however, there are exceptions. It is necessary to choose a wallet which entirely supports token transactions.

Some of the ERC-20 tokens are:

• 0X (ZRX)
• Status (SNT)
• Golem (GNT)
• Pundi X (NPXS)
• Chainlink (LINK)
• Enjin Coin (ENJ)
• OmiseGO (OMG)
• Power Ledger (POWR)
• Basic Attention Token (BAT)

Some of these tokens will not remain on the Ethereum platform forever. Eventually they will have their own platform. That is why it is necessary to track the development stage before buying some of these tokens, and eventually choose the right wallet.

Ledger/Metamask + MyEtherWallet/MyCrypto is certainly the most complete combination for handling all kinds of tokens.

When sending tokens you should have a certain amount of Ether as a fee for miners who process transactions.

Hardware: Ledger and Trezor

Windows: Metamask | MyEtherWallet | MyCrypto

Android: Enjin

iOS: Enjin

Litecoin (LTC)

Bitcoin’s younger brother doesn’t have a good offer of specialized wallets, so it is the best to use some of the multi-wallets, because they all support Litecoin. During major congestion of Bitcoin and Ethereum network, Litecoin is a great alternative.

Hardware: Ledger + Trezor

Windows: Exodus

Android: Enjin | Loafwallet

iOS: Enjin | Loafwallet

Nano (NANO)

Ideal transaction cryptocurrency. Transactions are conducted swiftly, with no fees whatsoever. Nano has a great wallet support and one of the best mobile wallets which currently exist. The design and features of Natrium wallet are on the highest level.

Hardware: Ledger

Windows: Canoe | NanoVault

Android: Natrium

iOS: Natrium

Iota (IOTA)

Iota has its official wallet which covers all platforms. When sending IOTA, don’t forget that the basic unit used by everyone in practice is a MIOTA (Mi), and not IOTA (i), which is actually the smallest unit. A confusing practice not applied by any other cryptocurrency.

Hardware: Ledger

Windows: Trinity

Android: Trinity

iOS: Trinity

Ripple (XRP)

Ripple has specific terms when creating wallets. To open a new wallet a deposit is requested, i.e. non-refundable fee in the amount of 20 XRPs, which you have to pay in order to open a wallet.

Hardware: Ledger

Windows: Toast | Exodus

Android: Toast | Coinomi

iOS: Toast

Bitcoin Cash (BCH)

Bitcoin Cash is the most popular Bitcoin fork. The format of acceptance keys used by Bitcoin Cash is identical to the format of Bitcoin, which means that the keys are theoretically mutually compatible. However, it is still necessary to use wallets which are designed for the use of BCH network in order to avoid potential problems.

BCH used the same display format for public keys (addresses) as BTC at the beginning, which caused problems; so a so-called “CashAddr” format was introduced, which changes the appearance of addresses. But, under the hood things function in the same way and it is possible to use both recording methods.

Hardware: Ledger | Trezor

Windows: Exodus | Electron Cash

Android: BRD | Edge

iOS: BRD

Binance Coin (BNB)

Coin of the most popular stock exchange in the world. BNB is mostly used on the Binance exchange, however the offer of wallets is wide. Most of the already mentioned multi coin wallets supports BNB.

Hardware: Ledger | Trezor

Windows: Exodus

Android: Enjin | Trust

iOS: Enjin | Trust

Stellar Lumens (XLM)

The founder of Stellar Lumens is the former Ripple CTO. Also, XLM has certain characteristics which are in many ways similar to the characteristics of XRP, which is why some people think that XLM is an XRP fork.

However, that is not true, XLM is the new platform made from scratch. XLM has a much lower fee for opening wallets then XRP, just 0.5 XLM.

Hardware: Ledger | Trezor

Windows: Exodus | BlockEQ

Android: Trust

iOS: Trust

Ethereum Classic (ETC)

Depending on the point of view, someone could say that ETC is a fork of ETH or that ETH is a fork of ETC. Anyway, both platforms share similar characteristics and goals. The story is similar as with BTC and BCH, private keys are mutually compatible, however it is necessary to use wallets which support ETC.

Hardware: Ledger | Trezor

Windows: MyCrypto | Exodus

Android: Trust

iOS: Trust

Cardano (ADA)

Cardano is considered to be an upgrade of Ethereum, although it is far from general acceptance. The offer of wallets has recently become solid.

Hardware: Ledger

Windows: Daedalus | Atomic

Android: Yoroi

iOS: Yoroi

VeChain (VET)

One of the most popular choice of hunters on “cheap” coins. Vechain Thor is a public blockchain platform, compatible with Ethereum. Tracking the supply chain is one of the main focuses of this platform.

Official wallets are available for all platforms and perform their purpose well. For each VET coin you have in your wallet you receive a certain percentage of VTHO tokens, which serve as the fuel which runs Thor platform.

Hardware: Ledger

Windows: Sync | VeForge

Android: VeChainThor

iOS: VeChainThor

Tron (TRX) and BitTorrent (BTT)

The main advantage of Tron is the far-reaching marketing, reaching various corners of the Internet. Tron is in competition with Ethereum as a “decentralized” platform.

Tokens which are supported by Tron are called TRC10 and TRC20. Both types of tokens can be saved to wallets which are designed for Tron network. The most popular ERC10 token is BitTorrent (BTT), which is also a part of our offer.

Hardware: Ledger

Windows: Exodus

Android: TronWallet

iOS: TronWallet

Monero (XMR)

The most popular privacy coin today. If your online privacy is important to you and you’re wondering why would anyone have complete access to your transaction history, as it is with Bitcoin, Monero is one of the solid solutions.

Bear in mind that some light wallets violate the privacy level in exchange for the ease of use. The wallets we mention are largely maintaining user privacy. However, for a full privacy it is always desirable to use your own “full node”.

We will provide more detailed information some other time. Due to the complex nature of Monero, wallet offer is not as wide as with other cryptocurrencies.

Hardware: Ledger

Windows: Official Monero wallet

Android: Monerujo

iOS: Cake

NEO (NEO)

NEO can simply be described as the Chinese Ethereum. Wallet offer is not particularly rich when compared to the offer of Ethereum wallets. It is important to know that NEO as a currency is undividable, i.e. with transactions you always have to round NEO to a whole number.

Hardware: Ledger

Windows: NEON | O3

Android: O3 | Aphelion

iOS: O3

Eos (EOS)

Eos is one of the main competitive and centralized platforms to Ethereum. Transactions on EOS network are free of charge after a one-time fee is paid for the opening of EOS wallet.

That is a totally different system than Ethereum, which demands a fee for performing agreements and transactions, but the opening of wallets is free of charge. Some wallets offer the opening of account free of charge with certain catches.

You can try out My EOS Wallet if you don’t want to pay to open a wallet. Finally, the fees are not so high, so there is no need to overly bother yourself.

Hardware: Ledger

Windows: SimplEOS

Android: EOS Lynx

iOS: Lumi