Why Choosing the Best Wallets is Important
In the crypto sphere, your wallet is like your bank. Reliable wallets, means better protection from hackers. There’s no faster way to lose all of your money than a hacker stealing your private keys (which grants them access to your funds), or sending your coins to the wrong recipient because of a poor wallet user-interface or security.
Here are the best wallets around:
Mycelium is our favourite Bitcoin wallet. It is mobile only, but super simple to use. Be sure to write down your seed-phrase when setting up your wallet, and you are good to go! Go check it out, highly recommended.
Metamask is one of the most popular Ethereum wallets. What’s great about Metamask is that it is web-based as a Chrome or Brave browser extension. It allows you to easily send Ether and ERC-20 tokens to decentralized applications on the web. Most dApps also function with a Metamask wallet.
MEW, short for MyEtherWallet is one of the most trusted and user-friendly wallets for Ethereum and ERC-20 tokens. It is also compatible with hardware wallets such as Ledger and Trezor, and allows users to swap coins thanks to their partnerships with Changelly, Simplex, Kyber Network, and Bity.
The Ledger Nano S is our favorite hardware wallet. Unlike Exodus and Mycelium, the Ledger Nano S is a hardware wallet, which means that it is disconnected from the internet and safe from hackers. They have excellent support, a large user base, and supports over 1,000 coins and tokens. The Ledger Nano S is not free, but if you have over $500 invested in crypto, then we recommend it.
When the cryptocurrency world first began, you needed to download a unique wallet for each type of coin you held. Thanks to Exodus, this is no longer the case. It supports 100+ coins, allows you to purchase coins, and has easy backup functionality. Simply put, it’s easy to use, user-friendly, and very popular. Using Exodus will save you lots of headache.