Best Crypto Wallets For Storing Bitcoin In 2022

Ledger Nano X

The Ledger Nano X is a cryptocurrency wallet which supports a great selection of cryptocurrencies like Bitcoin, Ethereum, Litecoin and over 1150 more. The Nano X allows owners to trade crypto on the go by making use of their smartphone. The Nano X uses Bluetooth to connect to your smartphone and allows you to download the Ledger Live app to transfer cryptocurreny.

The Ledger Nano X has a 128×64 display screen that shows all data regarding your transactions. You control the device using 2 small buttons. The device is also has a built-in 100 mAh battery which lasts for hours when the device in use regularly.

Since Ledger Nano X uses a highly secure chip, similar to the one used in credit cards, and because this is not directly connected to the web, it is extremely difficult for hackers to steal your coins from this hardware wallet. With such a fact taken into consideration, Ledger Nano X’s price tag of €119 is pretty reasonable. If €119 sounds expensive, you can check its predecessor, the Ledger Nano S hardware wallet, priced at €59.

Ledger Nano S

Ledger Nano S is a multicurrency wallet which supports a great selection of cryptocurrencies, including Bitcoin, Ethereum, Litecoin. The cold storage wallet guarantees maximum protection for your digital assets as it is built using a secure chip, similar to the one used for credit cards.

The Ledger Nano S comes with a crisp and clear screen that displays information on your current transactions. Two buttons allow you to manage your device conveniently, including sending and receiving funds. The wallet doesn’t require any charging for its functionality as it draws power from your PC whenever it’s connected.

Since Ledger Nano S uses a highly protected chip and is not connected to the web, it is virtually impossible for hackers to steal coins from it. This security feature makes the Ledger Nano S’s price tag of €59 a reasonable one. The development team behind the product even gave special consideration to its appearance, which is why it is available in various colours, from Matte Black to Flamingo Pink.

Ledger also offers more advanced hardware wallets, in case you decide to upgrade your Nano S further on.

eToro

eToro Wallet is a regulated cryptocurrency wallet which is owned and operated by eToroX. Registered in Gibraltar, the company is licenced by the Gibraltar Financial Services Commission as a Distributed Ledger Technology (DLT) provider. This makes the wallet one of only a few which are truly regulated.

Part of the eToro group of companies, the eToro Wallet lets users send and receive over 120 different cryptocurrencies, including a selection of ERC-20 tokens. Available for download on Android and iOS systems, the wallet is free to set up. You can use your existing eToro platform credentials to log in, as long as you have a verified account. Alternatively, you can register a new account directly.

If you have an eToro trading account, you can send supported cryptocurrencies directly to your eToro Wallet. In addition, any account holder can buy supported digital tokens using a debit or credit card, through the wallet’s partnership with Simplex.

There are several additional benefits to using the eToro Wallet. eToroX has begun operating an exchange, and this has made it possible for coins to be traded and sold directly from your wallet. Furthermore, the wallet is protected by an array of security tools, including the use of Artificial Intelligence.

Trezor

Developed by SatoshiLabs, a company founded in 2013, Trezor is a hardware wallet launched a mere year after. This means it has the longest history of operation of any major hardware wallet providers. So, it is really no surprise that it is so well-known, and probably has the best reputation among its users.

Trezor offers two different models, each with varying features. The Trezor Model One was the initially released product in 2014. The recently released Trezor Model T sells for a higher price. The main difference is the Trezor Model T has no buttons and its functionality is controlled by a colour touchscreen.

The Model T supports 1180 different cryptocurrencies, with the Model One supporting fewer. Both devices are designed to make the set-up as clear and straightforward to users as possible. This wallet certainly prides itself in the user-friendliness department. Generally, hardware wallets can be somewhat more complex than other kinds of wallet, nevertheless, Trezor offers easy-to-understand instructions to the user.

To ensure maximum convenience, SatoshiLabs even provides a selection of other applications and features which can be used with this hardware wallet. Users can use the Trezor to create and/or their passwords via the Trezor password manager. It is good to highlight the fact that this application uses a high level of encryption to secure passwords for different accounts, guaranteeing that they are not accessible to third parties.

Trezor boasts a high level of security, offering 2FA and FIDO2 methods of authentication. This is something every customer looks for when storing their funds. Add accessibility (thanks to the straightforward set-up instructions) to the mix and it is really no mystery why you should opt for Trezor when choosing your first hardware wallet.

Guarda

Guarda is a lightweight, multicurrency wallet that allows users to quickly store, send, receive, buy or swap the leading cryptocurrencies and ERC20 tokens. Originally, Guarda was developed as an Ethereum wallet for Android in 2017. Eventually, it expanded its services with the goal of building an ecosystem of blockchain-related products. Guardarian OÜ, the company which has developed Guarda wallet is licensed to operate as a virtual currency against fiat currency exchange.

Since Guarda provides as a non-custodial service, it doesn’t store the private keys and personal information of its users on its servers. Should a user lose the device and forget his password and backup phrase, Guarda will not be able to help out and the funds are lost forever. Therefore, it is the users’ responsibility to keep their digital assets safe and secure.

Being a multi-platform wallet, Guarda allows users to quickly set up a wallet on any kind of device like computer, smartphone or tablet, as long as they are connected to the Internet. Guarda Web/Desktop wallet is compatible for all platforms like Windows, Linux and MacOS. Guarda multicurrency mobile wallet can run on both Android and iOS devices.

By partnering with other reputable exchanges, Guarda wallet provides an option to instantly swap cryptos. It is also possible to buy cryptos using credit/debit card or via bank transfer from within the wallet. At the time of writing, Guarda wallet supports Bitcoin, Ethereum, Litecoin, and more than 49+ altcoins including ERC20 tokens and BEP-2 tokens.

Guarda is a fantastic option for novice traders to quickly buy, sell, swap and store cryptocurrencies.

Coinbase

Coinbase Wallet is predominantly used to store Bitcoin, Ethereum, ERC20 tokens and other digital collectibles. Although Coinbase Wallet is a software wallet, it provides full protection for cryptos using advanced security features similar to the hardware wallets. Moreover, this wallet can be used to receive tokens purchased from other exchanges or directly from ICO token sale events. Additionally, Coinbase wallet lets users interact with Ethereum-based DApps with its integrated DApp (Decentralized Applications) browser.

It isn’t mandatory to create an account on the Coinbase Exchange to use the Coinbase Wallet, since it functions as a standalone software. It can be downloaded and installed by anyone without any geographical restriction. Thanks to its accessibility, the wallet is a good choice even if you’re new to the world of trading and would like to ensure your cryptos are safe or would like to send or receive digital currencies anywhere in the world.

CoolWallet S

CoolWallet can be used to store, swap, send and/or receive cryptos with a mere click of a button. Unlike other hardware wallets like Trezor or Ledger, which needs to be connected to a computer or laptop via USB, CoolWallet is designed to connect to a smartphone via Bluetooth or NFC (Near Field Communication). Its physical appearance also differs from the other cold storage wallets, in that it looks exactly like a credit card with a button and an integrated display.

Owing to a great strategic investment from SBI Holdings (previously called Soft Bank) in 2018, the company introduced the S version of its wallet. This product aims to provide an accessible, safe and sophisticated, lightweight mobile-based hardware wallet for those who would like to trade and secure cryptos on the go. As it uses a highly-secure element (SE) to store the private keys, it is basically impossible for hackers to steal coins funds from this wallet.

Apart from passcodes and touch ID, CoolWallet also makes use of facial recognition to provide 2+1 Factor Authentication to secure customers’ digital assets. Moreover, this credit card-sized wallet offers a complete offline storage for users to save their crypto-based assets safely. On top of being super reliable and stable, CoolWallet S is also waterproof, shockproof, tamper-proof, temperature-resistant and extremely simple to store and trade cryptos -even when on the go.

Trustology

The Trustology wallet is an innovative solution to solve common issues, including speed and security. By combining the best features of hardware and software cryptocurrency wallets, the TrustVault allows you to store your cryptocurrency securely whilst availing of some of the fastest transaction speeds available.

Currently only available on iOS systems, the TrustVault installs a hardware wallet directly into your phone and uses biometric information to ascertain your identity. Offering a recovery option and a convenient way to protect your funds in case your phone goes missing, Trustology is indeed a very secure crypto wallet. An Android version is in the works, as is a solution for business clients.

Unlike most hardware wallets, the company charges a subscription-based service instead of a one-off fee. The affordable subscriptions include insurance against theft but are limited to up to £10,000 worth of cryptocurrency. Trustology also offers a free version, where funds are limited to £1,000 and are not insured.

One of the key limiting factors of the TrustVault is that it supports 11 cryptocurrencies and all Ethereum tokens. It is likely that as the system grows, additional coins will be supported.

Through a partnership with MoonPay, you can buy selected cryptocurrencies directly from your wallet using a credit or debit card. This means that you won’t need to open an additional exchange account to buy Bitcoin or Ethereum with fiat currency.

TrustVault is a truly innovative cryptocurrency custodian wallet which promises to revolutionise the way you store and manage your funds. It’s affordable pricing structure and functional features place it as one of the best wallets available today.

KeepKey

KeepKey is yet another major player within the hardware wallet world, albeit lesser known than the top two brands. Its price has recently been lowered, whilst its features have been maintained or improved. KeepKey provides a high level of security and valuable features. This include integration with ShapeShift, which facilitates cryptocurrency exchange directly from your wallet.

Supporting more than 55 cryptocurrencies, the wallet is a great way to store some of the most popular tokens and coins in circulation. KeepKey is also hierarchical deterministic and the code for the wallet is an open-source, enabling the development community to evaluate the security standards of the wallet. While it is not as well known as Trezor and Ledger Nano S, KeepKey still ranks as one of the best cold storage devices available today.

Exodus

Exodus has quickly gained popularity among traders, mainly thanks to its adaptable design. Demonstrating real-time value of your digital assets using fantastic live charts. Moreover, Exodus Wallet also lets you personalize your portfolio by changing themes, background colour and more to suit your preferences.

As a multi-asset cryptocurrency wallet, Exodus supports more than 100+ coins and tokens. It has an easy-to-use interface which guarantees accessibility even for the newbie traders. It’s good to know that you cannot buy/sell cryptocurrencies using fiat currency but can only exchange between the digital assets.

Exodus is not considered the best choice when it comes to storing large amounts of cryptocurrency, since it isn’t as safe as a hardware wallet. In fact it recommends users to go for other reputable hardware wallets when it comes to storing large amount of digital assets.

Perhaps one of its drawbacks is the fact that it doesn’t offer any advanced security features to protect funds, apart from a recovery phrase and password. As it doesn’t store any of its users’ information like private keys, passwords on its server, it becomes the sole responsibility of the user to protect their funds.

Calibra

Calibra is a regulated cryptocurrency wallet currently in development. A subsidiary of Facebook, the wallet represents a significant contribution of the social media giant to Project Libra. Through this wallet, users will be able to get hold of Libra, a stablecoin developed by Project Libra. The wallet will serve as a means to transfer Libra peer-to-peer and to make small payments to businesses.

Unlike most other cryptocurrency wallets, Calibra will not support Bitcoin or any other Altcoin. In order to allow users to buy Libra, the wallet will have a tool that converts traditional currency. It might also be possible that the stablecoin will be offered on select cryptocurrency exchanges.

The Calibra wallet will be free to download, with minimal transaction fees and no monthly costs. It will be available as an add-on to Messenger and WhatsApp, as well as a stadalone mobile wallet. Users will need to verify their identity before using Calibra, minimising the risk of fraud.

Novi

Novi is a cryptocurrency wallet being developed by Facebook, through one of its subsidiaries. As part of the Diem Association, Novi Financial is seeking to encourage the adoption of Diem (XDX), once the cryptocurrency becomes available. Novi is a regulated subsidiary of Facebook and is considered to be separate from the stablecoin it will support.

The wallet boasts several features, including a simple way to transfer funds. Integrated with WhatsApp and Messenger, the app will make sending and receiving Diem as easy as sending a message. Transfers will be instant and will also likely be free. Fees for currency conversion will probably apply.

Novi users can look forward to a secure environment which will require account verification using a government-issued photo ID. Apart from implementing several anti-fraud measures, the wallet is guaranteeing to refund any funds stolen due to fraud.

Through Novi, Facebook is hoping to revolutionise online payments. By leveraging its over 2.5 billion users worldwide it is hoping to play a leading role in the global adoption and use of cryptocurrencies. Its ambitions, however, are not without controversy.

Indacoin

Indacoin already provides us with their excellent Indacoin Exchange which allows users to buy crypto with Visa or Mastercard. However, they also offer a mobile wallet that works on both Android & iOS.

When it comes to security, it is not the safest option out there, however, it is very easy to use and can be used as a great stepping stone to eventually getting a safer and more hands-on wallet. It is protected via a 4 PIN code given to the user by Indacoin and it connects to your phone number, rather than your actual device.

Recovering your wallet is easy and contacting customer support is a walk in the park. Their customer support answers your queries in under 15 minutes and is very efficient. The app offers live chat, which is quite rare in such wallet types. Additionally, sending funds from one Indacoin wallet to another Indacoin wallet is free and does not cost network fees.

Bitamp

Bitamp is an open-source, client-based cryptocurrency wallet which currently only supports Bitcoin. With this easy to use and free web wallet, you can instantly send and receive BTC. All you need to get started is a safe Internet connection, which means that Bitamp is accessible across digital devices and computers.

Opening an account consists of a few simple steps and does not require you to submit any personal details or documentation. As a result, Bitamp is completely anonymous, providing you with complete control over your recovery seed and private keys. Due to this control, it is imperative that you protect your recovery seed since this is the only way to access your funds and account.

As a web wallet, your Bitamp wallet is prone to be hacked through phishing attacks or other online scams. Whilst it is a good idea to use the wallet’s services to send and receive Bitcoin, it is a good idea to store any substantial amount of funds in safer wallets.