Are you ready to take control of your cryptocurrency investments? With the increasing popularity of digital assets, it’s more important than ever to choose a mobile wallet that is not only convenient but also secure.
We’ve done the research for you and rounded up the top 8 best mobile crypto wallets for 2024. From beginner-friendly options to advanced security features, we’ve got something for everyone.
Top Mobile Crypto Wallets for 2024
Here is the list of the 8 best mobile crypto wallets for securely storing your digital assets-
- Trust Wallet: Best Mobile Wallet for beginners
- Exodus: Best Mobile wallet for ERC-20 Token Holders
- Coinbase wallet: Best Insurance crypto mobile wallet
- Coinomi: Top Non- custodial Crypto wallet
- Ledger Nano X: Top Hardware mobile-friendly wallet
- SafePal: Best hardware and Software wallet Combo
- ZenGo Wallet: Best 3FA Wallet
- Bitget: Best Custodial Mobile crypto wallet
Comparison between Best mobile crypto Wallets
| Wallet | Security | Fees | No. of crypto supported | Mobile App [Andoid + iOS] |
|---|---|---|---|---|
| ZenGo Wallet | 3FA | Low | 80+ | Yes |
| Trust Wallet | High | Low | 4.5M+ | Yes |
| Exodus | High | High | 260 | Yes |
| Coinbase Wallet | High | High | 100,000+ | Yes |
| Coinomi | High | Low | 1770+ | Yes |
| Ledger Nano X | Very High | Moderate | 5000+ | Yes |
| SafePal | Very High | Very Low | 10,000+ | Yes |
Best Mobile Crypto Wallets Reviews [Android + iOS]
We Recommend: Best Software Wallets
Choose Security over Convenience
Best 3FA Non-custodial wallet
- No seed phrase vulnerability, powered by MPC
- A guaranteed wallet recovery model
- Built-in
Web3 firewall
Best Custodial wallet (100% Solvent)
- 800+ coins and tokens
- Copy trading and bots
- Automatic Trading Strategies
- Staking APY up to 130%
1. Trust wallet: Best Mobile Wallet for beginners
Trust Wallet, a leading crypto wallet, is widely recognized as one of the best mobile wallets in the market. With its sleek and user-friendly design, it makes managing and storing various cryptocurrencies, such as Bitcoin, Ethereum, and Ethereum-based tokens, a breeze.
Available for free on iOS and Android platforms, downloading and setting up the Trust Wallet app is a seamless process.
When it comes to security, Trust Wallet stands out with its cutting-edge measures, including biometric authentication, to safeguard your digital assets. Your private keys are stored locally on your device, ensuring that only you have access to your funds.
Moreover, Trust Wallet offers a built-in feature to seamlessly interact with decentralized applications (dApps) on the Ethereum network. This includes activities such as buying and selling on decentralized exchanges, participating in token sales, and crowdfunding campaigns.
| Supported Currencies | More than 4.5M+ assets |
| Supported Blockchains | 65 blockchains |
| NFT storing | Yes |
| Staking | Yes |
Key Features of Trust Wallet
Some key features of Trust Wallet include:
- You can store and manage multiple blockchains all in one convenient wallet.
- It’s designed to be easy to use, even for beginners in the world of cryptocurrencies. Plus, Trust Wallet’s advanced encryption and secure storage keep your funds safe and secure.
- Trust Wallet also comes with an in-app exchange, making it simple to swap between different cryptocurrencies.
- It even integrates with popular decentralized applications (dApps) like Panckaeswap, Uniswap, Sushiswap, etc.
Pros and Cons of Trust Wallet
| Pros 👍 | Cons 👎 |
|---|---|
| Open-source and decentralized | Users are responsible for the safekeeping of their seed phrase and private keys if lost can’t recover |
| User-friendly interface | No web or desktop version is available, only a mobile app |
| Built-in security features, such as seed phrase and biometric login | May not be as secure as hardware wallets |
| Built-in support for popular dApps and web3 browsers | |
| Has a wide range of assets support like ERC20, ERC721, and other coins |
2. Exodus wallet: Best Mobile crypto wallet for ERC-20 Token Holders
Exodus is a game-changer in the world of crypto wallets, and it’s specifically known for being the best Ethereum network crypto mobile wallet.
What sets Exodus apart from the competition is its sleek design and user-friendly interface that makes managing your digital assets a breeze, whether you’re a crypto veteran or a newcomer.
One of the standout features of Exodus is its built-in exchange, which allows you to seamlessly trade cryptocurrencies without the hassle of transferring coins to a separate exchange.
Plus, Exodus places a strong emphasis on security, offering features like seed phrases for backup and recovery, as well as compatibility with popular hardware wallets like Trezor and Ledger.
| Supported Currencies | 260+ Assets supported |
| Supported Blockchains | Ethereum, Solana, BSC, Algorand, and other blockchains |
| NFT storing | Yes |
| Staking | Yes |
| Mobile App | Android and iOS, as well as Desktop App |
Key Features of Exodus Wallet
Some key features of the Exodus wallet include the following:
- Exodus also offers multi-device support, meaning users can access their wallet from any device with the wallet installed.
- Built-in Portfolio Management
- Encryption and backup features are in place to ensure the safety and security of the wallet and its contents.
- Exodus provides assistance through its website, including a comprehensive knowledge base and a support center for users who may need help with their digital wallets.
Pros and Cons of Exodus
| Pros 👍 | Cons 👎 |
|---|---|
| User-friendly interface | May not be suitable for large holdings |
| Built-in exchange feature | Limited options for customization |
| Supports multiple cryptocurrencies | Slow transaction times on built-in exchange |
| built-in portfolio tracking | |
| mobile app version |
3. Coinbase wallet: Best Insured crypto mobile wallet
Coinbase Wallet is a mobile wallet and DApp browser, making it effortless for users to securely store, send, and receive cryptocurrency, as well as explore dApps on the Ethereum blockchain.
But Coinbase Wallet is not just a wallet – it goes beyond that. It allows users to seamlessly interact with a wide range of dApps, including games, Decentralized exchanges, and more. This means users can easily access and experience Web 3.0 and all the exciting possibilities it holds.
| Supported Currencies | 100,000+ tokens |
| Supported Blockchains | Every ERC-20 from Aave to ZRX |
| NFT storing | Yes |
| Staking | Available |
| Availability | Android, iOS, and Browser extension |
Key features of the Coinbase wallet
- Security is a top priority for Coinbase, as their mobile wallet follows industry-leading security practices to safeguard user funds.
- If funds are lost or stolen, users can be reimbursed.
- Linking a bank account to a Coinbase wallet is simple, making it convenient to manage cryptocurrency transactions.
Pros and cons of Coinbase Wallet
| Pros 👍 | Cons 👎 |
|---|---|
| User-friendly interface | Limited cryptocurrency support (only supports a few cryptocurrencies) |
| Strong security features (two-factor authentication, insurance on stored cryptocurrency) | Potential for high fees (especially for credit card purchases) |
| Convenient options for buying and selling cryptocurrency (e.g. via bank transfer or credit card) |
4. Coinomi Wallet: Best Non- custodial wallet
Coinomi is a “Secure mobile wallet” that offers users a convenient and user-friendly way to store and manage multiple assets.
What sets Coinomi apart is its built-in support for various cryptocurrency-related assets, including ERC-20 tokens and DASH masternodes, making it an excellent choice for cryptocurrency enthusiasts and investors alike.
Security is a top priority for Coinomi. As a Hierarchical Deterministic (HD) wallet, it generates a unique address for each transaction, ensuring that users’ funds are kept safe and secure.
Additionally, Coinomi offers a seed phrase option for users to recover their funds in case of a lost device. With these robust security features, it is a trusted and reliable Android crypto wallet.
| Supported Currencies | 1770+ digital assets |
| Supported Blockchains | 125+ blockchains |
| NFT storing | No |
| Staking | cold staking supported |
| Buy crypto with a debit card | Yes |
| App | Android, iOS, and Desktop |
Top Features of Coinomi Wallet
There are several ways in which Coinomi is different from other cryptocurrency wallets:
- The wallet supports over 1,700 different cryptocurrencies, which is more than most other wallets.
- Non-custodial wallet: Unlike many other wallets, Coinomi does not hold the user’s private keys on the company’s servers.
- Coinomi has a built-in exchange feature that allows users to swap between different cryptocurrencies directly within the wallet.
Pros and Cons of Coinomi
| Pros 👍 | Cons 👎 |
|---|---|
| Supports a large number of cryptocurrencies | Not Completely open-source |
| Built-in exchange functionality | Has faced some criticism over lack of transparency in the past |
| Strong security features, such as seed phrase backup and two-factor authentication | |
| Multi-language support | |
| ShapeShift integration |
Related: Atomic Wallet vs Coinomi
5. Ledger Nano X: Best Hardware Mobile Wallet
The Ledger Nano X is a cryptocurrency hardware mobile wallet that allows you to securely store your private keys and assets on a device that you can keep offline.
This helps to protect your assets from being hacked or stolen, as the private keys are stored in a secure location and cannot be accessed over the internet.
The Nano X has a Bluetooth connection, allowing you to easily connect it to your mobile device and manage your assets. It also has a large storage capacity, allowing you to store 100+ apps for easy DApp integration.
| Supported Currencies | 5000+ digital assets |
| Supported Blockchains | all major blockchains |
| NFT storing | yes |
| Staking | staking supported |
| Buy crypto with a debit card | – |
| App | Ledger Live for Mobile Devices |
Key Features of Ledger Nano X
The Ledger Nano X has several key features that set it apart from other mobile wallets:
- Ledger cold wallets prioritize security with the use of a secure element chip.
- For convenience, the Nano X features Bluetooth connectivity
- The Nano X is also highly compatible, supporting a wide range of cryptocurrencies including Bitcoin, Ethereum, and many others.
Pros and cons of Ledger Nano X
| Pros 👍 | Cons 👎 |
|---|---|
| Increased storage capacity | Bluetooth connectivity can be hacked |
| Bluetooth connectivity | Expensive |
| secure element chip | not all digital assets are supported |
| large screen | |
| Portable |
6. SafePal Wallet: Best Cold Storage Mobile Wallet
Safepal Mobile Wallet is a reliable and easy-to-use software and hardware wallet. It is a secure wallet that is compatible with a wide range of digital assets, making it a versatile option for investors.
The wallet supports unlimited cryptocurrencies on 50+ blockchains and a customizable transaction fee structure.
Safepal S1 cold wallet Cost $49.99, with No Bluetooth, No wifi, and 100% air-gapped transaction signing using QR Code.
Note: SafePal offers both Software and Hardware wallet.
key Features
- Security: Safepal Mobile Wallet is a hardware wallet, which means it is more secure than most software wallets.
- Easy to use: The wallet is very easy to use, making it accessible to anyone, regardless of their level of technical knowledge.
- Compatibility: It is compatible with a wide range of cryptocurrencies, making it a versatile wallet for those who want to invest in multiple digital assets.
- Portability: The wallet is portable, meaning you can access your digital assets from anywhere in the world, as long as you have an internet connection.
Pros and Cons of SafePal
| Pros 👍 | Cons 👎 |
|---|---|
| Hardware wallet: Enhanced security. | Requires separate hardware wallet for cold storage. |
| Multi-currency support. | Initial setup may be complex for beginners. |
| User-friendly interface. | Requires separate hardware devices for cold storage. |
| Portability. | |
| Backup and recovery options. | |
| Enhanced security features. |
What is a Mobile Crypto Wallet?
A mobile crypto wallet is a software application that allows you to securely store, manage, and transact your cryptocurrencies on your mobile device. Essentially, it is like a digital wallet that holds your digital assets instead of physical cash.
Types of Mobile Crypto Wallets
There are two main types of mobile crypto wallets:
- Hot Wallets: Hot wallets are connected to the internet and are more convenient for frequent transactions. However, they are also more vulnerable to hacking and security breaches. The best mobile hot wallets are Exodus for the Ethereum blockchain, Trust Wallet for BSC, and ZenGo wallet for all-in-one features.
- Cold Wallets: Cold wallets, on the other hand, are offline and offer a higher level of security. They are ideal for the long-term storage of cryptocurrencies that you do not need to access frequently. Top mobile cold wallets are Ledger, SafePal, Trezor, Keystone Pro, and ELLIPAL Titan.
How Does a Mobile Crypto Wallet Work?
A mobile crypto wallet works by generating a public and private key pair that allows you to access your digital assets on the blockchain.
Your public key is like a public address that you can share with others to receive funds, while your private key is like a password that allows you to access and manage your digital assets.
When you make a transaction with a mobile crypto wallet, you sign it with your private key and broadcast it to the network. The transaction is then verified by other nodes on the network and added to the blockchain.
👀 How to Choose the best mobile crypto wallet?
When choosing a mobile cryptocurrency wallet, there are several factors you should consider to ensure you select the best one for your needs. Here are some steps you can follow to help you decide on the best mobile crypto wallet:
Determine your needs
Before choosing a mobile crypto wallet, it’s important to think about what you’ll be using it for. Are you looking for a wallet to store a specific type of cryptocurrency, or do you want a wallet that supports multiple currencies?
Do you need a wallet with advanced security features, or is user-friendliness your top priority? Knowing your needs will help you narrow down your options and choose a wallet that meets your requirements.
Research your options
Once you know what you’re looking for in a mobile crypto wallet, it’s time to start researching your options. Read reviews and compare features to find wallets that offer the features you need.
You can also ask for recommendations from friends or online forums, or consult a financial advisor or cryptocurrency expert.
Check for security features
Security is a crucial factor to consider when choosing a mobile crypto wallet. Look for wallets that use advanced encryption techniques to protect your digital assets, and check for features like two-factor authentication and secure backups to ensure your assets are safe.
Test the wallet
Once you’ve narrowed down your options, try out the wallet to see how it works. Test the user interface, try sending and receiving transactions, and check for any additional features that might be useful.
This will give you a good idea of how the wallet functions and whether it meets your needs.
Choose the best option
After researching and testing your options, you should have a good idea of which mobile crypto wallet is the best fit for you. Choose the wallet that offers the features and security you need, and that you feel comfortable using.
Remember, the best mobile crypto wallet is the one that meets your specific needs and provides the features and security you require.
Take your time to research and compare your options to find the right wallet for you.
Difference between Mobile wallet and Desktop crypto wallet 🤔
| Feature | Mobile Wallet | Desktop Wallet |
|---|---|---|
| Convenience | High | Low |
| Security | Low | High |
| Accessibility | Everywhere | Limited to devices with the wallet installed |
| Backup and recovery | Strong | Strong |
| Control over private keys | Full | Full |
| Compatibility | Limited to mobile devices | Can work on multiple devices and platforms |
| Customizability | Limited | High |
How to Use a Mobile Crypto Wallet?
Using a mobile crypto wallet is simple and straightforward. Here are the basic steps:
Step 1: Download and Install the Wallet
Download the wallet from the App Store or Google Play Store and install it on your mobile device.
Step 2: Create a Wallet
Follow the instructions to create a new wallet. You will be prompted to generate a public and private key pair. Make sure to keep your private key safe and secure.
Step 3: Add Cryptocurrencies
Add the cryptocurrencies you want to store and manage in
your wallet. You can do this by selecting the “add asset” or “add coin” option in the wallet and entering the relevant information.
Step 4: Send and Receive Cryptocurrencies
To send cryptocurrencies, select the “send” option in the wallet, enter the recipient’s public address, and the amount you want to send. To receive cryptocurrencies, select the “receive” option and share your public address with the sender.
Step 5: Manage Your Wallet
Regularly check your wallet balance and transaction history to ensure everything is in order. You can also change your wallet settings, manage your private keys, and set up additional security features if available.
Final Thoughts: Which Should You Choose?
There are many mobile-friendly cryptocurrency wallets available, and the best one for you will depend on your specific needs and preferences. As discussed in this article, Exodus, Trust Wallet and ZenGo Wallet are the best mobile crypto wallets.
Tip: If you are not able to manage your seed phrase, try checking out ZenGo Wallet. It is the first 3FA Android digital wallet.
It’s important to do your own research and compare the features and security of different wallets before choosing one to use.
Additionally, it’s generally a good idea to only store a small amount of cryptocurrency on a mobile wallet, as they can be more vulnerable to hacking compared to hardware or desktop wallets.
FAQs
Is it safe to use a mobile crypto wallet?
Yes, mobile-based cryptocurrency wallets are considered to be safe to use, as long as you take the necessary precautions to protect your device and your wallet. This includes using strong passwords, keeping your device’s operating system and wallet software up to date, and being careful about which apps and websites you use to manage your cryptocurrencies.
Can I use a mobile wallet for all types of cryptocurrencies?
Not necessarily, Some mobile-friendly cryptocurrency wallets are designed to be used with specific types of cryptocurrencies, while others are multi-currency wallets that can be used with a range of different digital assets. It is important to check the compatibility of your wallet before you start using it to store your cryptocurrencies.
Are there any fees associated with using a mobile cryptocurrency wallet?
Yes, some mobile cryptocurrency wallets charge fees for certain services, such as transaction fees when you send and receive cryptocurrencies. Others may not charge any fees at all, or may only charge fees for certain types of transactions. It is important to check the fees associated with your wallet before you start using it to manage your cryptocurrencies.
What happens if I lose my private key?
If you lose your private key, you may not be able to access your digital assets. Make sure to keep your private key safe and secure, and consider using a backup method such as a recovery phrase.
