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The crypto market is expected to hit USD 2.2 billion by 2026, with the global demand for digital currency higher than ever. In the wake of what's to come, savvy investors, Fortune 500 companies and beginners are all finding new and exciting ways to invest, trade and store the widest range of digital assets.
And, just as all physical assets are stored to accumulate value over time, your digital portfolio also needs a secure and multifunctional wallet to keep your cryptocurrency safe. Find out how to secure your Bitcoin wallet with our picks for the top five crypto wallets below.
As with everything in life, you need to research to learn how to get started with Bitcoin. Understanding how crypto wallets work is just the first step. It also all comes down to company reputation.
Before signing up for, or purchasing a wallet, see what the crypto community has to say about it. Read existing customer comments and opinions on Google Play, CoinDesk, TrustPilot and the like. Go through product reviews done by industry experts, such as Investopedia, Forbes, BlockChain Bites and others.
Look for wallets that have a built-in trading/conversion platform attached to them with a proven track record. Lock-tight, encrypted security is a must, as well as the ability to store multiple cryptocurrencies simultaneously.
All the top wallets will have backup features, providing an additional layer of security (especially for onsite storage). Lastly, the best cryptocurrency wallets are compatible with multiple devices or operating systems and will adhere to all leading industry standards.
Remember that the top cryptocurrency wallets can either store cryptocurrencies online (via hot wallets) or offline via hardware wallets (or cold wallets.
'Hot' or digital wallets are online wallets connected directly to the internet. These usually form part of a greater crypto trading platform and are designed to store cryptocurrencies for short to a midterm timeframe to sell or exchange when the market changes.
While digital (or 'hot') wallets are (mostly) free to use and easy to navigate, they run the risk of being compromised. If you're planning to store large crypto sums for the long run, keeping your investment offline in a hardware wallet is much safer.
Hardware (or 'cold') wallets may not be as easily accessible for everyday use, but they are far more secure. They store your crypto keys offline in a secure hardware device, resembling a USB or portable hard drive. While they can still receive incoming payments, they'll need to be manually accessed to transfer any funds out of them.
With a cold and hard recap done and dusted, let's dive into our pick for the top cryptocurrency wallets for 2023 and beyond.
Starting with cold wallets, at 59 USDT (or around €50), the Ledger Nano S comes in at half the cost of the recently launched Ledger Nano X and, with a host of essential features, is a top choice for new to interim traders/investors.
Released back in 2016, the Ledger Nano S is one of the most trusted hardware wallets on the market today. With encrypted security protocols and a sleek and stylish design, the Ledger Nano S supports over 1,000 different cryptocurrencies and altcoins.
The Ledger Nano S can seamlessly integrate with various leading cryptocurrency exchange apps. This speeds up manual approval, allowing transfers and transactions to go off your wallet in real-time.
While the next generation Ledger Nano X has more features and a higher resolution screen, the original Ledger Nano S is just as effective as it ever was while coming in at a much more affordable price tag.
Some of the top features of the Ledger Nano S crypto wallet include the following:
The Trezor Model T is the next generation for top-end cryptocurrency storage. The Trezor Model T is a go-to cryptocurrency wallet for interim and advanced crypto traders and investors with cutting-edge security and a host of built-in features.
The wallet can hold over 1,600 different crypto assets, storing and securing its user's private keys straight from the device itself. Well-built and stylish, the device is known for its high storage capacity, touchscreen navigation and ease of use. The Trezor Model T retails for around 170 USDT (or €144).
Some of the top features of the Trezor Model T crypto wallet include the following:
Developed in 2016 by the global trading platform Shapeshift, KeepKey is one of the most trusted cryptocurrency wallets in circulation, delivering robust and multifunctional offline storage for a wide range of digital assets.
Perfect for beginners and advanced users alike, the wallet's stylish, minimalist design has a built-in display screen for easier navigation. At the same time, its integration with Shapeshift allows users to exchange a host of different cryptocurrencies directly from the wallet itself. KeepKey also retails at a reasonable 49 USDT (or €41).
Some of the top features of the KeepKey crypto wallet include the following:
From cold to hot, here are two of the best online (digital) wallets making moves in 2023.
Exodus is at the top of many people's list of crypto wallets, compatible with both desktop and mobile. Its straightforward interface allows for easy set-up and platform navigation. The Exodus wallet has a built-in exchange platform and can store around 100 different cryptocurrencies.
One potential drawback is that the wallet's source code is not open to the public. This means that a fair amount of trust must be placed in the Exodus team to ensure a user's account remains safely guarded. The platform is free to use, and registering an account is simple.
Some of the top features of the Exodus wallet include the following:
Established in 2014, Coinomi is one of the first multichain wallets ever brought to the market. Used by millions of crypto enthusiasts across the globe, the Coinomi wallet has stood the test of time, supporting over 125 different blockchains and thousands of different tokens, all housed on one single platform.
As far as the best cryptocurrency wallets go, Coinomi offers cutting-edge online security, with multi-seed backups, encrypted user IP addresses and lock-tight data protection. Its features include instant exchanges, quick purchases and a wide range of partnerships that streamline inter-currency transfers. The wallet is also free to use, with the only requirement being signing up for the Coinomi platform.
Some of the top features of the Coinomi Crypto Wallet include the following:
With our recap of the best crypto wallets done and dusted, all that's left to do is find the one that works for you. Then, you can start betting with the pro punter's guide to gambling with Bitcoin and try stablecoin gambling to enjoy the stability of worry-free betting.
All the best on your journey to digital freedom, and remember to check out the Bitcasino.io blog for more leading cryptocurrency news.