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The best wallets to store your cryptocurrencies
If you are about to start trading cryptocurrencies, or if you already do, but need a new wallet to store them, then we will tell you which are the best wallets that you can use today.
It is important to mention that the order of these wallets is linked to our personal appreciation. It does not mean that number one on the list is the one you should use. Ideally, you choose the portfolio of your choice and the one that best suits your needs.
What is a wallet, and what is it for?
A wallet is simply a place where you can store your crypto assets. There are some wallets that are specific to one type of token, while there are others that are multi-currency and work with hundreds or thousands of different tokens.
There are several types of walles that adapt to the needs of each user and, of course, the most important thing is that they have different levels of security. Among the types of wallets we have the following:
Hot wallet : These are those wallets designed to carry out transactions on a day-to-day basis. Transactions are very easy, and they are the most popular type of wallet.
Cold wallets: A cold wallet is a type of wallet that is used to store your cryptocurrencies in a more secure way, since this type of wallet is not connected to the internet. One of the most popular cases is the hardware wallet.
The 7 best wallets to store your cryptocurrencies in 2022
These are the best cryptocurrency wallets to store your cryptocurrencies for 2022.
1. Trust Wallet
Trust Wallet is a wallet that hasn't been around for too long, yet it has become one of the most popular wallets. This has been developed by Binance, so it has the support of the largest exchange in the world.
This is quite an interesting wallet that has many options. For example, you will be able to do staking within the same application and swap between the different currencies. In addition, you will be able to easily interact with DeFi applications.
Trust Wallet is only available for mobile devices.
2. Trezor
This is one of the most popular hardware wallets on the market, with it, you will be able to save your cryptocurrencies disconnected from the internet, which means that they will be safe from hacks. This wallet is not free, but it has a cost that will depend on the wallet model you choose.
It is compatible with numerous cryptocurrencies, which means that you can have all your investments in the same device. This wallet is ideal for those who store cryptocurrencies as savings or for those who handle large amounts of money.
It also has the possibility of staking within the same wallet, which makes it possible for you to generate passive income while storing coins.
3. Coinomi
Coinomi is a very interesting wallet in which you will be able to store your cryptocurrencies in a fairly secure way. One of the advantages of this wallet is that you will be able to use it both on your computer and on your mobile device.
This wallet supports more than 1,000 different currencies, so you can have your investments in it without any problem. Within the same application you will be able to handle an internal swap that will allow you to change between different allowed currencies.
It has a very well-kept interface and is really intuitive and easy to use, so you won't have any kind of inconvenience.
4. Metamask
Metamask is a very interesting wallet, it works with practically all existing networks, therefore, you will be able to store any type of cryptocurrency you want in it.
This wallet was born as an extension for browsers, however, today we have an application for mobile devices.
This is the most used wallet in the world of NFT games, since it works with the Binance Smart Chain and is compatible with all the DEXs on the market. Without a doubt, quite an interesting wallet worth naming. In addition, internal transactions between Metamask handle quite low commissions.
5. Electrum
Electrum is one of the most popular wallets to store your cryptocurrencies. It has been in the market for some years, therefore, it is a wallet with a long history and that is extremely reliable. It offers you the basic functionalities of a cryptocurrency wallet and the possibility of swapping is added within the application itself.
This wallet is available for both mobile devices and computers. And also, it has the possibility that you can synchronize both wallets in a simple way. In this way, you will be able to take your cryptocurrencies with you wherever you go.
6. Binance
While this is not a wallet as such, but rather an exchange, the truth is that it has a wallet function. Although it is not highly recommended to leave money in exchangers because you do not have control over the private keys. Binance offers you a fairly complete wallet and above all, it offers transactions within the same platform without commissions.
But in addition to this, Binance has a P2P market, with which you will be able to sell your cryptocurrencies in a very simple way and get your local currency. All this also without commissions, which makes it a very attractive option.
7. Coinbase
Like Binance, Coinbase is quite a popular exchange, mainly in the United States. It also offers a fairly complete wallet function, so you will be able to have your cryptocurrencies to carry out transactions.
Within the same platform you can carry out transactions between Coinbase users without any type of commissions. So this is a very good way to make payments. However, to transfer to other external wallets the commission is a little higher, depending on the currency you want to move.
