Best crypto wallet apps: How to choose the best digital wallet for you

There are many crypto wallets today that let you invest effortlessly while on the go
There are many crypto wallets today that let you invest effortlessly while on the go (source: dailyfintech.com)

What all good crypto wallet apps should have

Convenience

  • Fast loading times
  • Low fees (if any)
  • Easy ways to purchase more crypto on the app
  • Few server outages
  • A quick sign-up process

App design

  • A polished registration and documentation system that allows users to easily store and edit valuable personal information.
  • Strong security measures, such as requiring you to set up a PIN or two-factor authentication.
  • A built-in QR scanner.
  • A good and well-defined user-interface and visual display.
  • Quick and simple navigation and monitoring.
  • Properly labeled and functioning buttons, labels, and tabs.

Choosing the best crypto wallet apps

Easy monitoring of fund performance is crucial for crypto wallets (source: eri-wi.org)

Top personal crypto wallet apps

Exodus

  • The Exodus wallet app is geared more towards budding crypto traders.
  • You can choose from over 100 cryptocurrencies
  • You can swap cryptos within the platform on their built-in exchange.
  • While the desktop wallet is open-source software, the mobile wallet is closed-source, giving it a lower security rating.
  • The built-in exchange does make swapping crypto easier and faster, but also has higher charges and fees than a normal exchange.
  • Exodus has no fee support for alt-coins.

Mycelium

  • The interface is simple, clean, and professional.
  • The wallet features a built-in exchange, but only allows Bitcoin (BTC) storage.
  • Mycelium allows you to set custom transaction fees, is protected by a PIN, and has a backup seed phrase recovery measure.
  • They are adding an increasing number of features letting you convert from fiat to crypto.
  • Mycelium can be a confusing interface for beginners.
  • Currently, MyCelium only caters to Bitcoin holders.

Electrum

  • It allows users to choose between legacy Bitcoin or Segwit wallet codes. That means features like more compact QR codes and case-insensitive wallet addresses.
  • You can set your security level, toggle two-factor authentication, and even customize your seed phrase.
  • Electrum suffers from a very bare-bones interface
  • No customer support
  • Only supports BTC.
Crypto wallet apps today face a lot more competition than they used to
Crypto wallet apps today face a lot more competition than they used to (source: mediashower.com)

Top exchange crypto wallet apps

Coinbase

  • Coinbase supports more than 40 kinds of cryptocurrency and the wallet allows you to have up to 20 active ones.
  • It also has a good security track record and might be the most secure crypto wallet app to date.
  • It even allows you to backup private keys to their cloud server to avoid losing your funds.
  • High transaction fees
  • Many server outages in the past
  • Coinbase is also not fully supported in some countries and has varying features like limited crypto trading options depending on your region.

Binance

  • Their wallet app features a mobile-first design and easily switches between lite (for beginners) and pro interfaces.
  • You can deposit over 200+ supported cryptocurrencies, including Bitcoin, Chainlink, and Ripple, and enjoy stablecoin interest rates over 5%.
  • Binance assures its users with their Secure Asset Fund for Users (SAFU) to guarantee the safeguarding of their crypto.
  • Binance has no fiat currency trading pairs.
  • Users must be fully verified to increase daily withdrawal limits on the exchange.

Store your crypto on the MyConstant app for accessibility, security, and interest on your coins

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Peer-to-peer lending built on peer-to-peer technology. Refer & Earn $10 myconstant.com/referral | Website myconstant.com

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MyConstant

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Peer-to-peer lending built on peer-to-peer technology. Refer & Earn $10 myconstant.com/referral | Website myconstant.com

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