Whether you are part of the cryptocurrency bandwagon or not, one thing is for sure that this financial revolution is here to stay. No matter how bearish the market becomes, people are not stepping away from the cryptoverse. When it comes to cryptocurrency wallets, it does not matter whether you are experimenting for fun or a veteran investor aiming for the Lambos to the moon.
Trading can be done on any of the trusted exchanges but one should never store their investment in the exchange wallets. No matter how you want to use your digital currency it is always recommended that you do extensive research before finalizing your wallet as there are many options available for all five types. But just like the crypto market, the dynamics of the cryptocurrency wallets is also on the move constantly. This is why today we will list down the best cryptocurrency wallets of 2018. So, without any further ado, let us begin:
Best Cryptocurrency Wallets of 2018
Coinpayments is an online cryptocurrency wallet with support for 900+ cryptocurrencies. This web-based wallet has free registration but charges a fee every time a transaction is made. Coinpayments is fully integrated with BitGo which makes its payment not only swift but also secure. This multi-coin wallet has an additional feature called the vault which acts as an additional security barrier. It also comes with a mobile app and is supported by many online stores.
Electrum is a desktop wallet which is supported on multiple operating systems. This Bitcoin-focused wallet is efficient and extremely lightweight. Electrum is a thin hierarchal deterministic wallet which means that it connects with servers for verification of the transactions and derives the keys using a randomly generated seed. The seed consists of twelve dictionary words and Electrum prompts you to store it somewhere safe. Electrum has different modes, comes with an encryption feature, and is also integrated with the top best hardware wallets available in the market. The only disadvantage is that you cannot spend your Bitcoins using this wallet as it only has balance checking and payment receiving options.
3. Atomic Wallet
Atomic Wallet is a desktop wallet which is supported by Windows, MacOS and multiple Linux platforms. It is a custody-free multi-coin wallet that comes with exchange support of ShapeShift and Changelly. It supports 300+ cryptocurrencies and allows tracking of portfolio assets in multiple fiat currencies. Atomic Wallet is a comprehensive solution that comes with an intuitive interface, 24/7 customer support and optimum level of security.
Bread, formerly known as the Bread Wallet, is a mobile wallet made exclusively for the supporters of Bitcoin. This wallet is available for both iOS and Android users. The simplistic design and functionality of this wallet make it ideal for beginners. It is a hot wallet that comes with the option of Touch-ID login. Each transaction made with this wallet has a new wallet address which enhances its security and enables privacy.
5. Edge Wallet
Edge Wallet is a feature-rich mobile wallet integrated with Shapeshift technology. It supports the transactions and storage of twelve popular crypto coins. Edge has a user-friendly interface and easy registration process. It is a secure wallet that comes with two-factor authentication and account retrieval features.
6. ImToken Mobile Wallet
ImToken is a lightweight mobile wallet for Ethereum enthusiasts. It is an easy-to-use wallet and supports multiple crypto assets. It has an exchange feature with price notification options which keeps a user up-to-date with the fluctuating market prices. ImToken allows embedding of third-party DApps, is compatible with ERC20 and facilitates fast transactions.
Mycelium is a mobile wallet for Bitcoin investors who require advanced features in their wallets. It offers 5 account types i.e. HD (hierarchical deterministic), Bit ID (open protocol), Single Address Accounts, “Watch Only” Accounts and Hardware. Registration is free but transaction fees vary according to the transaction size. Mycelium wallet is available for both iOS and Android platforms.
8. Toast Wallet
Toast Wallet is a Ripple specific free cross-platform mobile wallet. It is a secure wallet with an encrypted backup feature. The simple interface of Toast makes it perfect for beginners. It is a non-hosted wallet with a stellar customer service team. There are no fees for transactions but 20 XRPs are kept as reserve in the wallet to combat spam and this amount cannot be withdrawn from it.
Exodus is a desktop wallet with a stunning interface. It is a multi-currency wallet that is integrated with Shapeshift exchange. Its built-in exchange allows users to trade within the wallet. It comes with interactive guides and tutorials which makes it easy to use for beginner level users. Exodus lacks two-factor authentication which makes it susceptible to security-related incidents.
Copay is a multi-signature crypto wallet with simple to navigate interface. It is based on hierarchal deterministic model and is focused solely on Bitcoin for now. Copay is available in three forms i.e. online, desktop and mobile. Service can be a bit slow in Copay because of central verification but due to its well-regarded security, it is a favorite of many.