The best and safest crypto wallets protect your digital assets in today’s crypto world, where hacking is one step away. It’s tough to pick the perfect one with so many choices out there. You need a wallet that’s safe, simple, and supports your coins.
The best crypto wallets offer strong security, easy access, zero fees, and support for lots of coins. From hardware wallets that lock your keys offline to mobile apps that keep you moving, we’ve got you covered. In this guide, we will cover the 14 best cryptocurrency wallets for you.
Table of Contents
Our Top Picks of Best Crypto Wallets: Hot Wallets and Cold Wallets
We have reviewed and manually tested over 50 different cryptocurrency wallets based on their features, security measures, supported blockchains and coins, user interface, and Defi connectivity. Here is our list of the best crypto wallets to store digital assets in 2025:
- Ledger Nano X: Best Crypto Wallet Overall
- Trust Wallet: Best Multi-chain Hot Wallet
- ELLIPAL Titan 2.0: Best Cold Wallet
- MetaMask: Best Ethereum Wallet
- Trezor Safe 5: Best Hardware Wallet
- Coinbase Wallet: Best Crypto Wallet in the United States
- Exodus: Best Wallet for Desktop
- SafePal: Best Online and Offline Wallet Combo
- Keystone 3 Pro: Safest Crypto Wallet
- Electrum: Best Bitcoin Wallet
- NGRAVE ZERO: EAL7+ Certified Wallet
- Bitget Wallet: Top Crypto Wallet for Beginners
- Ledger Stax: Best Wallet for NFTs
- BitBox: Best USB-Type Wallet
Best Crypto and Bitcoin Wallets Tested (Free + Paid)
🔍 Our Choice: 2 Best cryptocurrency cold wallets (Recommended)
1. Ledger Nano X: Overall Best Crypto Wallet in 2025
| Type of Wallet | Hardware Wallet |
| Supported Cryptos | Over 5,500 cryptocurrencies |
| Fees | $149 for the hardware and transaction fees depend on the network |
| Mobile Wallet App | Yes (Ledger Live) |
| Connectivity | USB and Bluetooth |
Why We Choose This Wallet
Ledger Nano X is the best crypto hardware wallet that lets you store, buy, swap, and manage your digital assets and NFTs securely. Its Bluetooth feature allows you to connect it to your phone or tablet, and it can hold up to 5000 crypto assets.
It uses a chip resistant to tampering and can securely host applications and data. The chip has been certified by the Common Criteria (CC) EAL5+ and ANSSI, the French cybersecurity agency. The Ledger Nano X also asks for a PIN code to access the device and approve transactions. Furthermore, the Nano X supports 24-word recovery phrases, which enable you to recover your crypto assets if you lose or damage your device. You can also use Ledger Recover, a service provided by Coincover, to get a secure backup for your recovery phrase.
The Ledger Nano X has a 100 mAh battery that can last up to 8 hours in standby mode, and a USB-C port for charging and connecting to your desktop device. The device also has a 128 x 64 pixels OLED screen, and two buttons for navigation and confirmation. (Related: Ledger vs Trezor comparison)
2. Trust Wallet: Best Multi-chain Hot Wallet
| Type of Wallet | Hot Wallet (Online) |
| Supported Cryptos | 5M+ cryptocurrencies on 100+ blockchains |
| Fees or Price | Free to download |
| Mobile Wallet App | Yes (Android and iOS) |
Why We Choose This Wallet
Trust Wallet is a popular crypto wallet that lets you store, send, and receive digital money like Bitcoin and Ethereum. It started in 2017 and was bought by Binance in 2018. This wallet works on your phone and supports over 10 million assets, including coins and NFTs, across more than 100 blockchains. That means you can keep almost any crypto you own in one place. It’s easy to download for free on Android or iOS, and you don’t need to share personal details to start using it.
Trust Wallet keeps your crypto safe by giving you full control. It’s a non-custodial wallet, so your private keys—the secret codes to your money—stay on your device, not with the company. They use strong encryption to protect these keys, and you get a 12-word recovery phrase to back up your wallet. If you lose your phone, you can use this phrase to get your money back. You can also connect it to a Ledger device for extra safety, keeping keys offline.
Why is Trust Wallet one of the best? It’s simple to use, even for beginners, with a clean design that makes sending, swapping, or staking crypto fast. You can trade tokens right in the app using its built-in exchange, and it supports staking for coins like BNB to earn rewards. It also has a browser for Web3 apps, letting you explore decentralized platforms easily. With nearly 200 million downloads by March 2025, it’s trusted by millions. Plus, it doesn’t charge fees for basic use—only network gas fees apply.
3. ELLIPAL Titan 2.0: Best Cold Wallet
| Type of Wallet | Cold Wallet |
| Supported Cryptos | Over 10,000 cryptocurrencies |
| Fees | $119 for the hardware and transaction fees depend on the network |
| Mobile App | Yes (ELLIPAL App) |
| Connectivity | QR code |
Why We Choose This Wallet
ELLIPAL Titan 2.0 is one of the best crypto wallets that is 100% air-gapped and isolated from the internet. It has a dual-layer defense system with a “CC EAL 5+ secure element” that protects against online and offline attacks. It also has an “anti-disassembly” and “anti-tamper” design that is fully metal-sealed and can self-destruct if tampered with.
Titan 2.0 has a 4-inch full HD IPS touchscreen that allows users to sign what they see and trust what they sign. It supports over 10,000 coins and tokens, including NFTs, and can connect to decentralized apps via QR codes. The wallet also has a 2-factor authentication system and a backup and recovery mechanism. (Read full ELLIPAL Titan review)
ELLIPAL Titan 2.0 is available for pre-order now for $119.00. It comes with a hardware wallet, type-C charging cord, security adapter, user manual, two seed phrase recovery sheets, and SD card (firmware upgrade).
4. MetaMask: Best Ethereum Wallet
| Type of Wallet | Hot Wallet (Online) |
| Supported Cryptos | Ethereum based cryptocurrencies and L2 chains |
| Fees or Price | Free to download |
| Mobile Wallet App | Yes (Android and iOS) |
Why We Choose This Wallet
MetaMask is a popular cryptocurrency wallet that helps people store, send, and receive digital money easily. It works as a browser extension on Chrome, Firefox, Edge, and Brave or as a mobile app on iOS and Android. Created in 2016 by ConsenSys, a company focused on Ethereum tools, MetaMask is designed for Ethereum and its tokens, like ERC-20 coins and NFTs. As of now, it has over 30 million users worldwide, showing how much people trust it.
It connects you to the Ethereum blockchain, so you can use decentralized apps (dApps) like games, NFT marketplaces, and trading platforms without extra software. For example, you can buy Ethereum or swap tokens directly in the app using services like Coinbase Pay or MoonPay. Recently, MetaMask added a cool feature—a crypto-to-fiat card with Mastercard. This lets users in the EU and UK spend their crypto like regular money wherever Mastercard works.
MetaMask stands out as one of the best crypto wallets for a few clear reasons. First, it’s super easy to use, even for beginners. The interface is clean, and setting it up takes just a few minutes. Second, it’s safe. Your private keys stay on your device, not on some server, so you control your money. Third, it works with tons of Ethereum-based projects, making it perfect for people into DeFi or NFTs. Plus, it now supports Bitcoin and Solana, expanding its reach. While it doesn’t hold every crypto (like XRP or Cardano), its focus on Ethereum, strong security, and new features like the Mastercard partnership make it a top choice for many crypto fans today.
5. Trezor Safe 5: Best Hardware Wallet
| Type of Wallet | Hardware Wallet |
| Supported Cryptos | Over 8,000 cryptocurrencies |
| Fees | $169 for the hardware and transaction fees depend on the network |
| App | Yes (Trezor Suite) |
| Connectivity | USB-C |
Why We Choose This Wallet
The Trezor Safe 5 is a super secure and popular cold storage wallet for cryptocurrency, like Bitcoin or Ethereum. It also supports many altcoins like Solana, XRO, SUI, NEAR, FTM, and many more 8000 altcoins. It is privacy-focused with Tor browser support and coin control for transaction mixing. This hardware wallet features a 1.54-inch vibrant color touchscreen, providing a clear and intuitive interface. It includes the EAL 6+ Secure Element chip, ensuring high-level protection against physical and digital threats.
The wallet integrates seamlessly with the Trezor Suite, allowing easy management of cryptocurrencies, including buying, selling, and exchanging. It also offers features like password manager integration and FIDO2 authentication for online security.
You can order it now from the official website for “$169”. You can also opt for the Bitcoin-only version, which is a limited edition device that supports only Bitcoin (BTC).
6. Coinbase Wallet: Best Crypto Wallet in the United States
| Type of Wallet | Hot Wallet (Online) |
| Supported Cryptos | Ethereum based cryptocurrencies and L2 chains |
| Fees or Price | Free to download |
| Mobile Wallet App | Yes (Android and iOS) |
Why We Choose This Wallet
Coinbase Wallet is another popular choice for people who want a simple and secure way to store their cryptocurrency. It’s a self-custody wallet. You can use it on your phone (iOS or Android) or as a browser extension on Chrome. It supports thousands of cryptocurrencies, like Bitcoin, Ethereum, and all ERC-20 tokens. Plus, it works with many blockchains, including Solana, Polygon, and Arbitrum. This makes it easy to manage different coins in one place.
It has strong security features, like biometric locks (fingerprint or face ID) and two-factor authentication (2FA). You can also connect it to a Ledger hardware wallet for extra safety. Another cool feature is its built-in browser for decentralized apps (dApps). This lets you trade on platforms like Uniswap or explore NFTs without leaving the wallet.
Why is the Coinbase Wallet one of the best wallets for crypto? First, it’s easy to use, even for beginners. The design is clean, and you don’t need a Coinbase exchange account to start. Second, it’s secure—you hold your keys, and the app uses top-notch protection. Third, it connects smoothly with the Coinbase exchange, so buying or swapping coins is fast. For example, you can earn 5% on your USDC passively, which is great for growing your savings. Finally, it’s versatile, supporting tons of coins and dApps.
7. Exodus: Best Wallet for Desktop
| Type of Wallet | Hot Wallet (Online) |
| Supported Cryptos | Millions of coins |
| Fees or Price | Free to download |
| Mobile Wallet App | Yes (Android, iOS, and desktop apps) |
Why We Choose This Wallet
Exodus was started in 2015, created by JP Richardson and Daniel Castagnoli, and works on desktop, mobile, and even as a browser extension. You can use it on Windows, Mac, Linux, iOS, or Android, so it fits whatever device you have. It supports millions of cryptocurrencies, and the wallet is free to download, but you pay small fees when you swap coins or send them, which go to the blockchain network, not Exodus.
It also has a built-in exchange, so you can trade Bitcoin for Ethereum without leaving the app. Plus, it offers staking for coins like Solana and Cardano, letting you earn extra money by holding them. For security, Exodus keeps your private keys on your device, not on their servers, and pairs with Trezor hardware wallets for extra safety.
Exodus is one of the best crypto wallets because it balances simplicity and power. Beginners love how fast it sets up—no complicated steps or registration are needed. It also provides 24/7 human support and a big online help library with videos. While it’s not open-source and lacks some advanced security like two-factor authentication, its focus on user control and smooth experience makes it special. Over 1 million people trust it, and it has regular updates every two weeks.
8. SafePal: Best Online and Offline Wallet Combo
| Type of Wallet | Bluetooth Cold Wallet |
| Supported Cryptos | Over 10,000 cryptocurrencies |
| Fees | $69.99 for the hardware and transaction fees depend on the network |
| Mobile App | Yes (SafePal software wallet) |
| Connectivity | Bluetooth |
Why We Choose This Wallet
SafePal is among the best crypto wallets for cold storage. It has recently launched another hardware wallet “SafePal X1” after the massive success of their previous model “SafePal S1”. The X1 is a revolutionary cold crypto wallet that combines open-source, Bluetooth, security, and multi-chain support.
It also connects wirelessly to the SafePal app, which enables users to access various features such as swap, bridge, trade and earn crypto APY. It has a stylish and portable design, resembling a calculator. It has a 2.8-inch color screen and a physical keyboard for easy input and verification.
SafePal X1 also has a built-in camera that can scan QR codes to pair with the app or sign transactions. The X1 supports over 10,000 cryptocurrencies, including Bitcoin, Ethereum, Solana, Binance Smart Chain and more. It also supports 100+ blockchain networks and protocols, such as EVM-compatible chains, Polkadot, Cosmos, Tron, and EOS.
9. Keystone 3 Pro: Safest Crypto Wallet
Keystone 3 Pro is a cold wallet that offers high-level security and compatibility for crypto users. It is the only device that fully works with MetaMask mobile, the most popular Web3 wallet. It has a user-friendly 4-inch touchscreen display that allows you to control your device with ease. It is also a 100% air-gapped crypto wallet.
It has three security chips that safeguard your private keys, seed phrases, and signatures. It also has a PCI anti-tamper feature that erases your data if someone attempts to physically hack your device. Furthermore, it supports fingerprint verification and multiple sets of seed phrases for extra security and convenience. You can also update the firmware with a “Micro SD card”.
Keystone 3 Pro supports over 5,500 cryptocurrencies, including Bitcoin, Ethereum, and many EVM chains. It also keeps up with the latest trends in the Web3 ecosystem, such as NFTs, DeFi, and DAOs.
| Type of Wallet | Cold Wallet |
| Supported Cryptos | Over 5,500 cryptocurrencies |
| Fees | $129 for the hardware and transaction fees depend on the network |
| Mobile App | Yes |
| Connectivity | QR code and USB-C (optional) |
Keystone 3 Pro is priced at “$129”, which is slightly higher than the standard Keystone Pro model, which costs “$119”. The newer version offers advanced biometric authentication and SE chip features for increased security, which are not available in the standard version.
10. Electrum: Best Bitcoin Wallet
Electrum is a Bitcoin wallet designed just for BTC. It started in 2011 and is loved by many Bitcoin users. You can use it on your computer or Android phone. It works with Windows, Mac, Linux, and Android, making it easy for people to access it on different devices. Electrum is free to download and use.
Electrum keeps your Bitcoin safe with strong features. It encrypts your private keys and stores them on your device, not online. You also get a seed phrase—a set of 12 words. Another cool thing is cold storage. Electrum also works with hardware wallets like Ledger or Trezor, adding more protection.
Why is Electrum one of the best cryptocurrency wallets? It’s fast and light. It uses something called Simple Payment Verification (SPV), so you don’t need to download the whole Bitcoin blockchain. This saves time and space on your device. It also supports the Lightning Network, which makes transactions quicker and cheaper. For advanced users, it offers tools like coin control and multi-signature options, giving you more control over your money.
Related: Best multi-sig crypto wallet
| Type of Wallet | Online Wallet |
| Supported Cryptos | Only Bitcoin |
| Fees or Price | Free to download |
| Mobile Wallet App | Yes (Android, iOS, and desktop apps) |
11. NGRAVE ZERO: EAL7+ Certified Wallet
ZERO is the first crypto hardware wallet with the world’s highest security-certified OS (EAL7). It creates and keeps your private keys offline, without depending on any network connection or USB cable. It connects to the online world through clear QR codes, which are read by the companion app, NGRAVE LIQUID.
NGRAVE ZERO has a 4-inch touchscreen that makes it easy for you to access and manage your accounts and transactions. It supports up to 100 accounts and multiple cryptocurrencies, including Bitcoin, Ethereum, and ERC-20 tokens. It also allows you to store and view your ETH-based NFTs on the device.
| Type of Wallet | Cold Stoarge Wallet |
| Supported Cryptos | Over 5,000 cryptocurrencies |
| Fees | $398 for the hardware and transaction fees depend on the network |
| Mobile App | Yes (NGRAVE Liquid App) |
| Connectivity | QR code |
You can buy the ZERO wallet for USD 398 (tax included) and the GRAPHENE plate (titanium backup) for USD 149. You can also get a combo pack (ZERO plus upper and lower GRAPHENE plates) for USD 498.
12. Bitget Wallet: Best Wallet for Beginners
Bitget Wallet was started in 2018 as BitKeep Wallet and later became Bitget Wallet. Today, over 60 million users trust it worldwide. This wallet works on your phone (iOS and Android) and as a Chrome extension for your computer. It supports more than 100 blockchains, like Bitcoin, Ethereum, and Solana, and handles over 250,000 different tokens.
One cool feature is its fast swapping system. Bitget Wallet connects to over 100 decentralized exchanges (DEXs) to find you the best prices when you trade coins. You can swap tokens across 40 blockchains with just one click, making trading quick and simple.
It also offers a marketplace for NFTs (digital collectibles) where you can buy them using any cryptocurrency. Plus, it connects you to over 20,000 decentralized apps (DApps), so you can explore games, staking, and more without leaving the wallet.
| Type of Wallet | Hot Wallet |
| Supported Cryptos | 250,000+ tokens on 100+ blockchains |
| Fees or Price | Free to download |
| Mobile Wallet App | Yes (Android, iOS, and desktop apps) |
13. Ledger Stax: Best Wallet for NFTs
The Ledger Stax is a credit card-sized cold wallet device that allows users to store their cryptocurrency assets offline securely. It has a display screen that is made with E Ink® technology. Ledger Stax’s screen is black and white, meaning it only displays shades of gray rather than full color. The screen has a display size of 3.7 inches, which is the measurement of the diagonal length of the screen.
Stax isn’t just for Bitcoin and Ethereum. It can hold over 5,500 different cryptocurrencies and even some popular NFTs. You can even customize your Stax with a cool name and a personalized lock screen image, making it truly your own. (Ledger Stax full review)
| Type of Wallet | Hardware Wallet |
| Supported Cryptos | Over 5,500 cryptocurrencies |
| Fees | $279 for the hardware and transaction fees depend on the network |
| Mobile App | Yes (Ledger Live) |
| Connectivity | USB and Bluetooth |
The Ledger Stax is priced at €279. This makes it more expensive than some other popular hardware wallets, such as the Ledger Nano S Plus (€79) and the Trezor Model One (€69).
14. BitBox: Best USB-Type Wallet
BitBox is another one of the best cold storage crypto wallets. It has two types: one that supports many kinds of digital money like Bitcoin, Litecoin, Cardano, Ethereum, and 1500+ tokens, and one that only supports Bitcoin.
The device has a simple and elegant design, with a screen, hidden touch buttons, USB-C and USB-A ports, and a slot for a small memory card. It works with an app called BitBoxApp, which is a one-stop solution to safely manage your digital money. You can also use BitBox as a security key for online accounts.
BitBox lets you make offline copies of your device using either a small memory card or a list of words. You can also make a hidden device with a password for extra security.
| Type of Wallet | Cold Crypto Wallet |
| Supported Cryptos | Over 1,500 coins and tokens |
| Fees | $129.99 for the hardware and transaction fees depend on the network |
| Mobile App | Yes (Shapeshift) |
| Connectivity | USB |
The hardware wallet comes in two editions, Bitcoin-only and Multi, both priced around $129.99 USD and generally available from official partners or BitBox’s website.
Note: There are some other popular non-custodial crypto wallets such as Zengo Wallet, Crypto.com DeFi Wallet, Guarda Wallet, and Tangem Wallet. Zengo is one of the popular multi-chain wallet among these, which is a keyless wallet and works on MPC technology.
What is a Crypto Wallet
A crypto wallet is a tool that lets you store, send, and receive digital money like Bitcoin, Ethereum, or other cryptocurrencies. It’s not a physical wallet you carry in your pocket. Instead, it’s a digital way to manage your crypto. Think of it like a bank account for your digital coins, but without a bank controlling it. You are in charge of your money.
Crypto wallets come in different types. Some are apps on your phone or computer. These are called software wallets. Others are physical devices, like a USB stick, called hardware wallets. There are even paper wallets, where you write down your keys on paper. Each type has its own benefits, but they all help you control your cryptocurrency.
In simple words, a crypto wallet is your key to using digital money. It connects you to the blockchain, which is the technology behind cryptocurrencies. Without a wallet, you can’t own or use crypto.
How Do Cryptocurrency Wallets Work?
To understand how a wallet works, you need to know about public keys and private keys.
Public Key
The public key is like your bank account number. You can share it with anyone. People use it to send you crypto. It is created from your private key using a mathematical process. Your wallet address is a shorter version of your public key. You give this address to others when you want to receive coins.
Private Key
The private key is like your password or PIN. You can use it to access and control your coins. You must keep this key secret. If someone else gets it, they can take your coins. A wallet uses the private key to sign transactions. This digital signature proves you own the coins and have the right to send them.
Now, let’s see how wallets work in steps:
- Key Generation: When you create a new wallet, it generates a public and private key pair. These keys are linked. The private key is random, and the public key is calculated from it using elliptic curve cryptography.
- Address Creation: The wallet creates your wallet address from the public key. This address is what you use to receive coins.
- Receiving Coins: When someone sends you crypto, they send it to your wallet address. The coins are recorded on the blockchain. You don’t actually get coins in your wallet. The blockchain shows that the coins now belong to your address.
- Storing the Keys: Your wallet stores your private key securely. Software wallets store it on your device. Hardware wallets store it inside a physical chip. Some wallets use a recovery phrase (like 12 or 24 words) to help you restore your keys if you lose access.
- Sending Coins: When you want to send crypto, you enter the receiver’s wallet address and the amount. Your wallet uses your private key to sign the transaction. The signature proves that you are the owner of the coins. The transaction then goes to the blockchain.
- Confirmation on Blockchain: After the transaction is sent, the blockchain network checks it. If it is valid, miners or validators add it to a new block. Once added, the coins are shown as sent. The receiver will now see the coins in their wallet.
Risks of Using a Crypto Wallet
- Hacking Danger: Hackers can target your crypto wallet if you use weak passwords or unsafe internet connections. Once they get in, they can steal your money fast. You must keep your wallet secure to avoid this.
- Losing Private Keys: Your private key is like a secret code to access your wallet. If you lose it or forget it, you can’t get your money back. No one can help you recover it either.
- Scams and Tricks: Bad people may send fake messages or links to trick you into giving away your wallet details. If you fall for these scams, you lose your crypto. Always check before clicking anything.
- No Backup Safety: If your phone or computer breaks and you didn’t save your wallet info somewhere safe, your crypto is gone. Backing up your wallet is very important. Don’t skip this step.
- Software Problems: Sometimes, the wallet app or program can have bugs or errors. These issues might lock you out or lose your funds. You should use trusted wallets to lower this risk.
- Your Mistakes: Sending crypto to the wrong address happens if you’re not careful. Once it’s sent, you can’t undo it. Double-check everything before you hit send.
Benefits of Using a Crypto Wallet
- Self-custody: A crypto wallet lets you hold and manage your own funds without banks. You decide what to do with it anytime. This gives you full power over your crypto.
- Fast Transactions: Sending or getting crypto through a wallet is quick and easy. It works across the world without delays from banks. You save time with every transfer.
- Low Costs: Wallets often charge less than banks for moving money. You pay small fees or none at all for some transactions. This helps you keep more of your crypto.
- Safe Storage: Good wallets use strong security like codes and locks to protect your funds. Your money stays safe from thieves if you follow the rules. It’s like a digital safe for your crypto.
- Works Everywhere: You can use your wallet anywhere with internet, no matter the country. It’s great for traveling or sending money to others far away. Borders don’t stop it.
- Privacy: Wallets don’t ask for your personal details like banks do. You can keep your identity hidden while using crypto. This makes it more private and secure for you.
Types of Cryptocurrency Wallets
Custodial vs. Non-Custodial Wallets
Custodial Wallets: A custodial wallet means a third party, like a company, holds your private keys for you. You don’t fully control your funds because the company manages them. These wallets are easy to use, especially for beginners. For example, when you sign up on an exchange like Binance or Coinbase and store your crypto there, you’re using a custodial wallet. If you forget your password, the company can help you recover your account.
However, there’s a downside. Since you don’t control the keys, you rely on the company to keep your money safe. If the company gets hacked or shuts down, you might lose your crypto. People often say, “Not your keys, not your crypto,” to highlight this risk.
Non-Custodial Wallets: A non-custodial wallet gives you full control of your private keys. You manage them yourself, and no one else has access. Examples include software wallets like MetaMask or hardware wallets like Ledger. These wallets are safer because no third party can touch your funds.
However, if you lose your keys or forget your recovery phrase (a set of words to back up your wallet), no one can help you recover your money.
Here is a comparison:
| Feature | Custodial Wallet | Non-Custodial Wallet |
|---|---|---|
| Private Key Control | A third party controls your private keys | You control your own private keys |
| Access to Funds | You need permission from the provider | You have full access anytime |
| Backup & Recovery | Wallet provider handles backup | You must handle your own backup (usually with seed phrase) |
| Security Risk | Risk if provider gets hacked | Risk if you lose keys or seed phrase |
| Ease of Use | Easier for beginners | Slightly harder for beginners |
| Transaction Speed | Can be slower, depends on provider | Directly on blockchain, usually faster |
| KYC/ID Required | Yes, usually required | No, not required |
| Best for | New users, traders on exchanges | Experienced users, long-term holders |
| Examples | Binance, Coinbase, Kraken wallets | MetaMask, Trust Wallet, Ledger, Trezor |
| Custody Risk | High – provider can freeze or lose your funds | Low – you are fully responsible |
| Recovery Option | Can recover through provider support | Only recoverable if you saved the seed phrase |
What Are Exchange Wallets?
An exchange wallet is a type of custodial wallet provided by cryptocurrency exchanges. When you buy crypto on crypto trading platforms like Binance, Bybit, Bitget, Kraken, or Coinbase, the exchange gives you a wallet to store your funds. You access it through your account on their website or app.
These wallets are convenient because you can trade, buy, or sell crypto quickly without moving your funds elsewhere. They’re great for people who are new to crypto or who trade often. However, since they’re custodial, the exchange holds your private keys. This means your funds are at risk if the exchange gets hacked, goes bankrupt, or freezes your account.
For example, in 2022, the best crypto exchange, FTX, collapsed, and many users lost their money because they kept it in exchange wallets. We suggest moving your crypto to a non-custodial wallet if you plan to hold it for a long time.
Hot vs. Cold Wallets
Hot Wallets: A hot wallet stays connected to the internet. This makes it fast and easy to use for sending or receiving crypto. Examples include mobile apps like Trust Wallet, browser extensions like MetaMask, or exchange wallets. They’re perfect for small amounts of crypto you use daily, like paying for something online.
The problem is that being online makes hot wallets more vulnerable to hackers. If someone gets into your device or tricks you with a phishing scam, they might steal your funds. So, you should avoid storing large amounts in a hot wallet.
Cold Wallets: A cold wallet is offline most of the time. This makes it much harder for hackers to reach. Examples include hardware wallets (like a USB device from Ledger or Trezor) or paper wallets (explained later). You only connect a cold wallet to the internet when you need to make a transaction, then disconnect it again.
Cold wallets are the safest option for storing large amounts of crypto long-term. However, they’re less convenient because you can’t access your funds instantly. You need to plug in the device or enter the details manually.
Related: Best cold storage wallets
Here is a detailed comparison table between Hot Wallets and Cold Wallets:
| Feature | Hot Wallets | Cold Wallets |
|---|---|---|
| Internet Connection | Always connected to the internet | Not connected to the internet |
| Security | Lower security (online threats possible) | Higher security (offline storage) |
| Access Speed | Fast and easy to access | Slower access (manual connection needed) |
| Best For | Daily trading and quick transactions | Long-term storage and high-value holdings |
| Examples | Mobile wallets, desktop wallets, web wallets | Hardware wallets, paper wallets, air-gapped devices |
| Risk of Hacking | High risk (phishing, malware, hacks) | Very low risk (not exposed online) |
| Backup Requirement | Must be backed up (cloud or manual) | Must be backed up (offline or physical copy) |
| Cost | Usually free | Often paid (hardware wallets cost money) |
| Ease of Use | Very easy to use, beginner friendly | Needs more steps, not ideal for beginners |
| Recovery Option | Easier with seed phrase and cloud backup | Needs more steps; not ideal for beginners |
| Ideal User | Active traders, regular users | Investors, long-term holders |
Web3 Wallets
A Web3 wallet is a special type of wallet designed for interacting with the decentralized internet, called Web3. Web3 includes things like blockchain apps (dApps), NFTs, and smart contracts. These wallets are usually non-custodial and hot, meaning you control your keys, and they stay online.
The most popular and best Web3 wallets are MetaMask and Trust Wallet. You can use it to connect to platforms like OpenSea (for NFTs) or Uniswap (for trading). They work as browser extensions or mobile apps, making it easy to explore Web3. Since they’re hot wallets, they’re convenient but carry the same risks of hacking if your device gets compromised.
Paper Wallets
A paper wallet is a simple, offline way to store your crypto. You create it by generating a private key and public address (where people send crypto), then printing them on paper. You don’t need a device or app—just a piece of paper with those details.
This is a type of cold wallet because it’s not connected to the internet. It’s very secure against online hacks as long as you keep the paper safe. To use the funds, you enter the private key into a software wallet when needed.
But, paper wallets have risks. If you lose the paper, get it wet, or someone finds it, your crypto is gone. They’re also tricky for beginners because you must handle everything manually. People don’t use them as much anymore since hardware wallets are safer and easier.
Related: How to use a paper wallet?
How to Choose the Best Crypto Wallet in 2025?
There are so many custodial and non-custodial wallet options, and choosing a crypto wallet depends on your needs. Below, we’ll explain 7 important factors to consider when selecting the best crypto wallets:
| Criteria | What to Consider | Best Wallet Example |
|---|---|---|
| Security | Protects your keys | Ledger Nano X (hardware) |
| Ease of Use | Simple for beginners | Binance, Bitget, Bybit (custodial) |
| Type of Storage | Hot for speed, cold for safety | MetaMask (hot), Trezor (cold) |
| Supported Coins | Matches your crypto | Trust Wallet (many coins) |
| Cost | Free or worth the price | MetaMask (free) |
| Backup Options | Easy recovery if lost | Ledger Nano X (recovery phrase) |
| Purpose of Use | Trading, holding, or Web3 | Binance (trading) |
1. Security
Security is the most important thing when choosing a best crypto wallet. You want your funds to stay safe from hackers or mistakes. Look for a digital wallet that protect your private keys, which are like secret codes to access your crypto.
For example, non-custodial wallets (like MetaMask or Ledger) let you control your keys, so no one else can touch your money. Hardware wallets (a type of cold wallet) keep keys offline, making them extra safe. Custodial wallets (like those on exchanges) rely on a company to protect your funds, which can be risky if the company gets hacked.
Also, check if the wallet offers features like two-factor authentication (2FA) or a recovery phrase (a set of words to back up your wallet). If you have a lot of crypto, prioritize a secure option like a hardware wallet.
2. Ease of Use
A best crypto wallet should be easy to use, especially if you’re new to crypto. Some wallets have simple designs that make sending, receiving, or checking your balance quick. Custodial wallets, like those on Coinbase, are very user-friendly because the company handles most of the work. You just log in and start using it.
Non-custodial wallets, like Trust Wallet or MetaMask, might take a little more effort. You need to set them up and keep your keys safe yourself. Hardware wallets, like Trezor, can feel harder at first because you connect a device, but they come with clear instructions. Choose a wallet that matches your comfort level—simple for beginners, or more control if you’re experienced.
3. Type of Storage (Software or Hardware)
Decide if you want a hot wallet or a cold wallet based on how you’ll use your crypto. Hot wallets connect to the internet, so they’re fast and convenient. You can use them on your phone or computer for quick trades or payments. Examples include mobile apps like Trust Wallet or browser extensions like MetaMask.
Cold wallets stay offline, which makes them safer but slower to use. Hardware wallets (like Ledger) or paper wallets are cold options. If you plan to hold crypto for a long time and want top safety, pick a cold wallet. If you need quick access for daily use, go with a hot wallet. Many people use both: a hot wallet for small amounts and a cold wallet for big savings. Crypto enthusiasts can choose by comparing crypto wallets.
4. Supported Cryptocurrencies
Not all best crypto wallets work with every cryptocurrency. Some only support popular coins like Bitcoin (BTC) or Ethereum (ETH), while others handle many types, including smaller coins or tokens. Check which coins you own or plan to buy, then find a wallet that supports them.
For example, MetaMask works great for Ethereum and its tokens, but it doesn’t support Bitcoin. Hardware wallets like Ledger support hundreds of coins. Exchange wallets (like Binance) usually cover what the platform trades. Make sure your wallet matches your crypto, or you’ll need multiple wallets.
5. Cost or Pricing
Cost matters when picking a wallet. Some are free, while others require you to spend money. Software wallets like Trust Wallet or MetaMask are free to download and use. Exchange wallets don’t charge upfront, but the platform might take fees when you trade.
Hardware wallets, like Ledger or Trezor, cost money to buy—usually between $50 and $150. Paper wallets are free since you just print them, but they’re harder to manage. Think about your budget and how much crypto you’re protecting. If you have a lot, spending on a hardware wallet might be worth it for the safety.
6. Backup and Recovery Options
Mistakes happen, like losing your phone or forgetting a password. A good wallet offers ways to recover your funds. Most non-custodial wallets give you a recovery phrase (12 or 24 words) when you set them up. Write this down and keep it safe—if your wallet breaks or gets lost, you can use the phrase to get your crypto back.
Custodial wallets let the company help you recover your account, like resetting a password. Hardware wallets also use recovery phrases, but you must store them securely. Avoid wallets with no backup options, because if something goes wrong, your money could be gone forever.
7. Purpose of Use
Think about why you need a wallet. Your purpose changes which type is best. If you trade crypto often, an exchange wallet or hot wallet like MetaMask is fast and handy. If you’re buying NFTs or using Web3 apps, pick a Web3 wallet like Trust Wallet.
If you’re saving crypto for years, a cold wallet like Ledger keeps it safe. For small daily spending, a mobile hot wallet works well. Match the wallet to your goal—trading, holding, or exploring blockchain apps.
How To Use a Crypto Wallet?
- Choose a Best Crypto Wallet Type: Pick a wallet that suits you. There are two main types: hot wallets and cold wallets. Hot wallets are online (like apps or websites) and easy to use but less secure. Cold wallets are offline (like a USB device) and safer but harder to access quickly. For beginners, a hot wallet like Trust Wallet or MetaMask is a good start.
- Download and Install the Wallet: Go to the official website or app store of the wallet you chose. Download it to your phone or computer. For example, if you pick Trust Wallet, find it in the Google Play Store or Apple App Store. Install it by following the instructions on your screen. Always use the official source to avoid scams.
- Set Up Your Wallet: Open the app or device after installing it. You’ll need to create a new wallet. The wallet will give you a “seed phrase” (a list of 12 or 24 simple words). Write these words down on paper and keep them safe. This phrase is your key to recover your wallet if you lose access. Then, set a password for daily use.
- Understand Your Wallet Address: Your wallet has a unique address, like a bank account number. It’s a long string of letters and numbers (e.g., 0x1a2b3c…). This address is what you share with others to receive crypto. You can find it in the wallet app under “Receive” or “Wallet Address.” Copy it carefully when needed.
How to Buy Crypto in a Wallet?
Buying crypto means getting digital coins like Bitcoin or Ethereum into your wallet. Many of the best crypto wallets let you buy directly. Here’s how:
- Open the Buy Option in Your Wallet: Open your wallet app (e.g., Trust Wallet or Coinbase Wallet). Look for a “Buy” or “Add Funds” button. It’s usually on the main screen. Click it to start the process.
- Choose the Crypto You Want: The wallet will show a list of cryptocurrencies you can buy, like Bitcoin (BTC), Ethereum (ETH), or others. Pick the one you want. For example, if you want Ethereum, select ETH from the list.
- Enter the Amount and Payment Method: Type how much you want to spend (e.g., $50 or $100). The wallet will show how much crypto you’ll get for that amount. Next, choose how to pay. Options include a credit/debit card, bank transfer, or sometimes Apple Pay. Pick what works for you and follow the steps to link your payment.
- Confirm and Complete the Purchase: Check the details—like the amount, crypto type, and fees. Fees are extra costs the wallet or payment provider charges. If everything looks good, click “Confirm” or “Buy Now.” You may need to enter your card details or verify your identity. Once done, the crypto shows up in your wallet within minutes.
- Check Your Balance: After buying, go to the main screen of your wallet. Look for your balance to see the crypto you just bought. For example, if you spent $50 on Ethereum, you’ll see a small amount of ETH (like 0.02 ETH) added. Keep your wallet safe after this.
How to Send and Receive Crypto in Wallets?
Sending and receiving crypto is how you move it between wallets or people. It’s simple once you know the steps. Here’s how:
- Receive Crypto: Share Your Wallet Address: To get crypto, open your wallet and find the “Receive” option. You’ll see your wallet address (e.g., 0x1a2b3c…). Copy it or show the QR code. Give this address to the person sending you crypto. They’ll use it to send coins to you. Double-check it’s correct before sharing.
- Wait for the Transaction: After someone sends crypto to your address, it takes a few minutes to arrive. This depends on the crypto type (Bitcoin can take longer than Ethereum). Once it’s in your wallet, you’ll see the new balance on the main screen. Check it to confirm.
- Send Crypto: Get the Receiver’s Address: To send crypto, ask the other person for their wallet address. They’ll give you a string of letters and numbers (like yours). Open your wallet, click “Send,” and paste their address in the “To” field. Make sure it’s exact—mistakes mean lost crypto.
- Enter Amount and Confirm: Type how much crypto you want to send (e.g., 0.1 ETH). The wallet shows the amount in dollars too, so you know the value. You’ll also see a network fee (a small cost to process the transaction). Check everything, then hit “Send” or “Confirm.” You may need to enter your password.
- Track the Transaction: After sending, the wallet gives you a transaction ID (a unique code). You can use this to track it on a blockchain explorer (like Etherscan for Ethereum). The receiver gets the crypto in minutes. Always keep enough crypto in your wallet to cover fees.
How to Keep Your Crypto Wallet Safe and Secure?
- Protect Your Seed Phrase: When you set up your wallet, it gives you a seed phrase (12 or 24 words). This is like a master key to your wallet. Write it down on paper and store it in a safe place, like a locked box or drawer. Never save it on your phone, computer, or online—it’s too risky. If someone gets your seed phrase, they can take all your crypto. Keep it secret and never share it.
- Use a Strong Password: Your wallet needs a password to open it every time. Make it strong—use a mix of letters, numbers, and symbols (e.g., “Sunny123!@#”). Don’t use simple things like your name or “password123.” Change it every few months to stay safe. If your wallet app supports it, turn on extra security like a PIN or fingerprint lock.
- Enable Two-Factor Authentication (2FA): Some wallets let you add two-factor authentication. This means you need a second step (like a code sent to your phone) to log in, not just your password. Turn it on in the wallet settings if it’s available. Use an app like Google Authenticator for the codes, not text messages, because texts can be hacked. This makes it much harder for thieves to get in.
- Keep Your Device Safe: Your wallet is on your phone, computer, or a hardware device, so protect that too. Update your device’s software regularly to fix security holes. Don’t download unknown apps or click strange links—they might have viruses that steal your crypto. If you use a hardware wallet (like Ledger), keep it in a safe spot when not in use, like a drawer or safe.
- Be Careful with Public Wi-Fi and Phishing: Don’t use your wallet on public Wi-Fi (like at a café) unless you have a VPN to hide your connection. Hackers can spy on public networks. Also, watch out for phishing—fake emails, texts, or websites that trick you into giving your seed phrase or password. Only use the official wallet app or website. If something looks suspicious (like a weird email), don’t click or reply.
How is Cryptocurrency Taxed?
In the United States, cryptocurrency is taxed as property, not currency, according to the IRS. This means you pay taxes when you sell, trade, or spend it, based on the profit or loss you make.
If you held crypto for less than a year, it’s a short-term gain, taxed at your ordinary income rate (10% to 37%). If you held it over a year, it’s a long-term gain, taxed at 0%, 15%, or 20%.
Trading crypto, like swapping Bitcoin for Ethereum, or spending it, like buying a $1,200 laptop, also triggers tax on any gain. Earning crypto—say $600 from mining—is taxed as income at your regular rate (e.g., 22% or $132 at $50,000 income).
Losses can offset gains or up to $3,000 of other income yearly. Starting in 2025, exchanges like Coinbase must report your sales on Form 1099-DA, showing proceeds (e.g., $1,200), and from 2026, your cost basis (e.g., $1,000), making it easier to calculate but harder to avoid taxes.
The key is tracking your cost basis (what you paid) and sale price. Short-term rates hit higher earners harder (up to 37%), while long-term rates max at 20%. Gifting avoids tax for the giver, and donating can offer deductions. With clear records and new reporting rules, the IRS ensures that crypto taxes are paid. Always file accurately to avoid penalties.
Do Crypto Wallets Charge Fees?
Some best crypto wallets are free to use at a basic level, but fees come up when you make transactions or use extra features. These fees aren’t always charged by the wallet itself but by the blockchain network it operates on, like Bitcoin or Ethereum. The wallet just passes those costs to you.
When you send crypto, you pay a “network fee” or “transaction fee.” This fee goes to miners or validators who process your transaction on the blockchain, not the wallet company. This depends on how busy the network is—busier times mean higher fees. A lower fee (say $1) might take 30 minutes to confirm, while $5 could be faster, like 10 minutes. Some wallets, though, add their own charges. Take the Coinbase Wallet, which is popular in the U.S. It’s free to download and store crypto, but if you buy crypto directly through it using a debit card, Coinbase charges a fee
Hardware wallets, like Ledger Nano X, have a different model. You pay upfront—about $149 in the U.S. in 2025—to buy the device, but it doesn’t charge ongoing fees. You still pay network fees when sending crypto, like $1-$5 for Bitcoin, but Ledger doesn’t take a cut. This makes it cost-effective for long-term storage, not frequent trading.
FAQs
What’s the best way to store crypto?
The best way to store crypto is by using a cold crypto wallet, like a hardware device (e.g., Ledger or Trezor), which keeps your private keys offline, offering top security. For smaller amounts or frequent use, a hot wallet (e.g., Trust Wallet) works, but it’s less secure due to internet exposure. Always back up your seed phrase and avoid storing large amounts on exchanges.
Which crypto wallet is the best?
Ledger Nano X is widely considered the best crypto wallet due to its robust security, support for over 5,500 coins, and user-friendly interface. It’s a cold wallet, keeping keys offline, and integrates with hot wallets for convenience, balancing safety and usability.
What is the best crypto wallet for mobile?
Trust Wallet is the best wallet for mobile, offering a clean interface, support for over 10 million assets across 100+ blockchains, and features like staking and dApp access. It’s non-custodial, giving you control, and is available on iOS and Android.
Which is the most safe wallet for crypto?
The Ledger Nano X is the safest crypto wallet, storing private keys offline on a secure chip. Its cold storage design, combined with features like PIN protection and recovery phrases, protects against hacks, making it ideal for long-term security.
Can crypto wallets store any coin and token?
No, crypto wallets can’t store every coin or token. Support depends on the wallet—some, like Trust Wallet, handle millions of assets across many blockchains, while others, like Electrum, are Bitcoin-only. Check the wallet’s supported list before use.
Are these best crypto wallets anonymous?
Most top wallets, like Ledger and Trust Wallet, don’t require KYC, offering anonymity in setup. However, transactions on public blockchains can be traced unless using privacy coins (e.g., Monero). Full anonymity depends on your usage, not just the wallet.
What is the best crypto wallet for beginners?
Coinbase Wallet is best for beginners, with an intuitive interface, support for major coins, and easy setup. It’s non-custodial, integrates with the Coinbase exchange, and offers mobile and desktop access, making crypto management simple.
Are hot crypto wallets safe?
Hot wallets, like MetaMask, are less safe than cold wallets because they’re online, exposing them to hacks or phishing. They’re secure enough for small amounts with 2FA and backups, but for significant holdings, cold storage is recommended.
