Wallet Reviews

If you haven’t been into cryptocurrency for long or at all you may be confused over what a wallet is or why it’s needed. Think of a wallet as a bank account for your cryptocurrency. Some may allow multiple types of coins to be stored in one wallet, others are specialized for one coin type.

It is important to understand, your wallet does not actually “hold” your cryptocurrency. What they do hold are the private and public keys that allow you to access your cryptocurrency on the Blockchain.Keeping these keys safe is the only way to ensure the security of your cryptocurrency!
Most wallets fall into three different categories – hardware, software, and hosted(exchange/custodial wallets). There are a few differences and pros/cons of each kind which I’ll try to quickly cover!

Hardware Wallets:

  • Hardware wallets are physical devices used to store and access your keys. This is the most secure way to hold cryptocurrency. Without being installed on a computer, or having to write down your keys someone stealing funds from these is almost impossible without passwords and the device.
  • The downside to this method is the ease of access, you cannot access your cryptocurrency without loading up your wallet(device). So people trying to buy and sell a lot will usually avoid this type of wallet. If you are planning on just holding crypto for long-term investment this is the most secure way.

Software Wallets:

  • These wallets are the middle ground between Hardware and exchange(will cover next). They still allow you to control access to your keys keeping the wallet secure. The downside with software wallets is they reside on your computer or phone/tablet. These can be impacted by viruses and computer issues. Again as long as your keys are safe it’s not normally an issue. Most of us stick to this method unless doing a lot of trading – mostly due to still being secure but easily accessed by just opening the program or app.

Exchange Wallets(Custodial Wallets):

  • Wallets hosted by an exchange usually make it the easiest to house all crypto in one place, as well as allow quick buying and selling. The downside to this is these wallets you do not usually control the keys, you have a login to the service provider and they hold the wallets for you. In the cryptocurrency world, you will hear a lot of “not your keys not your crypto”. While this statement is technically correct, as long as you stick to a reputable exchange they are usually insured and leave security for them to deal with.

Most of us here have a mix of two or three of these. I have my long-term investment in cryptocurrency in hardware wallets and software wallets. However, the funds I use to trade daily(swing trading, scalping, opportunity buys) stay on exchange for quick access to buy and sell.
Below you will find the wallets I’ve personally had experience with and some information on each. Hopefully, something here will be helpful when you make your decisions on wallet choice!

Trust WalletTrust Wallet
MultiChain MultiWallet
Trust wallet is one of the few secure multi-chain wallets available. They support erc20 BEP2 and ERC721 tokens meaning access to storing over 1 million different kinds of cryptocurrency! This alone should be a reason to consider a wallet here! They have full integration into the biggest Dapps allowing interacting and using your cryptocurrency all from one program. They too have staking support and purchase of cryptocurrency via fiat!
I will say the app can be a little difficult to use at first if you do not understand the Blockchain types available. With them allowing custom tokens or coins to be added if you are not careful you could lose cryptocurrency sending the wrong type to the wrong address. While this could be a problem with most wallets – due to all the great features and control this wallet provides you will want to learn a little bit before diving in with all assets at once. I do suggest reading or watching some videos to learn a little first.

Features:

  • Multichain wallet – allowing access to 1million plus assets
  • Cold wallet – your keys are stored on your device not online
  • Dapp access is built into the app
  • Multiple wallet support from one app. You can import some wallets via keys and security phrases
  • Phone app access


Atomic WalletAtomic Wallet
Ethereum ERC20 Wallet
Atomic wallet is one I (used) to utilize a lot for my general staking with my preferred Coin.(This was not Atomics fault, blockchain changed staking policy.) This wallet has a very clean interface with support for over 500 different kinds of cryptocurrency. They include a very generous staking reward for some cryptocurrency! Like others on this list, you own your keys – they are encrypted on your device which means the security of having them goes with it. However, they do provide simple login to your wallet via password. This wallet does include its own exchange however it does not sync to other Dapps like something like MetaMask or Trust Wallet

Features:

  • Large support of ERC20 coins and tokens
  • Simple interface for easy usage
  • Cold Wallet – your keys are stored on your device not online
  • Better staking rates than others on select coins
  • Phone or desktop access available


Meta MaskMeta Mask
Ethereum ERC20 Wallet
Meta mask is an Ethereum based wallet that runs easily on your phone or through your browser as a plugin. This makes it very simple to install, set up, and use/interact with your cryptocurrency with ease. This wallet connects to almost any Ethereum Blockchain app, exchange, Defi products out of the box. You keep full access to your keys at all times so the security of your assets is up to your protection of these keys. It’s one of the most popular stand-alone wallets available with good reason!

Features:

  • Easily connect to most Ethereum Dapps, exchanges, and projects that reside on the Blockchain
  • Simple setup and availability on almost any device
  • Integration into your browser makes access and utilizing your crypto a very quick process
  • Access cryptocurrency from any device via browser plugin or phone app