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The Best Bitcoin Wallets for 2022

Though some people have dismissed them as a fad or even an outright con, cryptocurrencies have flourished flush as their future is in flux. Beyond Bitcoin, there ‘s now a long number of low-cost currencies that can potentially bring significant notional returns for investors who can handle their excitability. other currencies have matured and now suffer fewer spikes and dips, making them better bets for the more risk-averse investor. Whatever coins you choose, you ‘ll first need to sign up with an exchange. however, once you ‘ve bought in, you ‘ll need to store your newfangled currency and possibly spend some of it on goods, services, or debts. For that, you ‘ll need a cryptocurrency wallet .

What Is a Cryptocurrency Wallet?

Cryptocurrency wallets come in respective forms, spanning software, hardware, or even newspaper. What they have in common is that they ‘re all intended to store at least one kind of digital asset. In addition, they manage the cryptanalytic keys and other security considerations associated with key storage, digital currency transactions, and identity ( ID ) verification. The cryptanalytic keys associated with your wallet are long strings of machine-generated numbers and letters. They ‘re called keys because they ‘re used to lock and unlock your cryptocurrency collection and generate your wallet ‘s addresses. That means they hold a distribute of world power, so when choosing your wallet, you must carefully consider where these keys are generated and who controls them.

Hot Wallets vs. Cold Wallets

Cryptocurrency wallets come in a kind of forms. however, one concept you ‘ll often hear discussed is the remainder between hot and cold wallets. Cold wallets habit keys created by a machine that is not connected to the internet. This adds an extra layer of “ air-gap ” security, and lets these wallets come in a hardware format. typically, a USB arduous disk or hitchhike drive encrypts your store currencies and mechanically accesses your chosen change when you connect it to the web. Connect, perform your transaction, and then disconnect again, so your assets stay safely off-web until you ‘re cook to use them again. Hot wallets are the products we discuss in this scout. As you might expect, this kind of cryptocurrency wallet uses keys generated by internet-connected devices. These are typically servers at the wallet manufacturer ‘s location or the wallet ‘s back-end central. evening though the internet connectivity makes hot wallets notably less plug than cold wallets, they ‘re still the most popular. That ‘s because many can make trades without a separate connection to an exchange, and they can store early kinds of digital assets besides cryptocurrency. Most of the cryptocurrency wallets listed here support more than one kind of digital asset, though some subscribe far more than others. We ‘ll talk more about how to choose the correct wallet for you late in this guide. For now, here ‘s a survey of some of the top hot wallets available .

Atomic Wallet

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at Atomic Wallet

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Atomic Wallet offers a full balance of founder and advanced features. It supports more than 500 unlike crypto assets, has an easy-to-use interface, and lets you buy currencies directly from the wallet, rather than going to an exchange and then sending your coins to yourself. The wallet ‘s most tout features include its support for atomic barter transactions and impale ( see “ Crypto trading Terms ” and “ Going Decentralized, ” below ). You can download an Atomic Wallet for about any operating system, including Android, io and macOS, Windows, and several flavors of Linux, including Debian, Fedora, and Ubuntu. unfortunately, security is Atomic Wallet ‘s Achilles heel. Your keys are encrypted and stored on your personal device. They ‘re protected using a randomly generated, 12-word passphrase. But aside from telling users they should do their transactions with a VPN, that ‘s where security stop. sol army for the liberation of rwanda, there ‘s no support for two-factor authentication or multi-signature transactions ( see “ Keeping Your Wallet Safe, ” below ). however, Atomic Wallet promises new security features in the dear future .

Bitpay Wallet

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This is a democratic wallet from Bitpay, the crypto requital provider. Like Coinbase, Bitpay is merely available as a mobile app, though it ‘s even more restrictive in that it only supports io. It ‘s besides restricted to just 13 cryptocurrencies, though that includes all the stable names, such as Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, and Shiba Inu. placid, if you ‘re looking for a wallet that casts a wide crypto net, you ‘re much better off with Atomic Wallet or Coinbase. On the security side, Bitpay offers all the keystone features, including two-factor authentication and multi-signature transactions. It ‘s is a “ self-custodial ” wallet, meaning lone you have control over your assets and encoding keys. On the services side, Bitpay lags behind Coinbase and other leading wallets when it comes to regular have updates and accessory crypto apps. At this point, Bitpay Wallet is a short lacking in gain features, including analytics and decentralized finance ( DeFi ) support ( see “ Crypto trade Terms, ” below ). however, it offers a crypto credit card directly linked to your wallet, and integrates with a count of large retailers ‘ in-store credit programs .


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BRD is a popular, multi-currency wallet that ‘s entirely available for Android or io devices. BRD supports more than 70 cryptocurrencies, including all the stable coins. BRD ‘s security features are a little decrepit in that it supports two-factor authentication, but not multi-signature transactions. It ‘s besides lacks direct hold for hardware cold wallets. One the positive side, it forces you to set a supplementary pivot and TouchID on both supported operate systems. On Android, the keys are encrypted and stored on the phone ; on io, they ‘re backed up to iCloud. You can buy, sell, and trade directly through the wallet, and BRD imports third-party wallets and balances via QR code. Be careful, though ; while BRD charges no transaction fee for outgoing trades, it does charge for decree transactions, where you ‘re buying crypto directly from the wallet by using your credit rating poster, for exercise. These fees can go equally high as 7 %, according to third-party BRD discussion groups. That ‘s massive compared to Coinbase. hush, this might not be an publish if you strictly buy via third-party exchanges and like easily, mobile functionality .

Coinbase Wallet

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Coinbase stands out from the pack because it ‘s fledged and easily enough for novices. It ‘s available on Android and io devices, and it has a clean and jerk, easy-to-navigate interface. Coinbase is optimized for use with Coinbase Exchange accounts, but it can connect to other exchanges, including decentralized exchanges. Coinbase Wallet presently supports more than 5,500 different crypto assets, including digital collectibles and NFTs. That ‘s one of the longest list of any hot wallet out there. It ‘s besides fairly impregnable without being excessively complicated. It supports biometric authentication, two-factor authentication, and multi-signature support, besides. finally, you ‘ll find optional support for overcast backups so you can better safeguard your digital keys. That ‘s a competitive list of security measures, but the downside of using a wallet overhaul american samoa large as Coinbase is that it ‘s a target. The Coinbase Exchange and the wallet service have been hacked on classify occasions, and there are near-constant phishing campaigns aimed at its users. To help, Coinbase has become a “ self-custody ” wallet, meaning it puts you in charge of your crypto keys so they ca n’t be stolen off the back end. That puts the burden on you to encrypt and store your keys somewhere safe .

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This one is n’t for beginners. however, if you ‘re a fairly have crypto geek, has an promote place of features and solid security. It offers two wallet apps, the more up-to-date of which is in full decentralized. Transactions are strictly peer-to-peer. There ‘s no oversight from a third base party, such as a bank, substitute, or government agency. That ‘s big if you ‘re a privacy-conscious person, but it besides attracts less-than-reputable players. ‘s early app is more standard in that it ‘s your window into the rally. This is the better route if you ‘re newfangled to crypto invest, because it ‘s a brokerage avail that has easier and more conversant tools to buy and store your crypto assets. This app can besides be used as a wallet, but it ‘s wholly tied to the exchange. It acts as your key custodian and therefore stores your tokens in a brokerage house account quite than on a personal device. This is surely easier, but this besides comes with some risk considering the long history of exchanges like this being hacked and robbed. All in all, beginners should probably pass this one by in prefer of an easier-to-use chopine like BRD or Coinbase. once you ‘re comfortable there, you can always come second to .


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at Exodus

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Though it was primitively built entirely for background users, Exodus has evolved into a multi-device wallet that besides supports Android and io devices. It besides works with Trezor cold wallets. Like Coinbase, it ‘s mature, intuitive, and easy to use, though Coinbase has a better documentation program. Exodus ‘ interface is more visually attractive than Coinbase ‘s. It besides supports more than 155 crypto asset types, which is goodly, though even small when compared to wallets like Atomic, Coinbase, or Huobi. Exodus is updated regularly, typically on a two-week cycle, which means fresh features are commonplace. In summation, Exodus bills itself as a “ luminosity ” node, meaning it does n’t download a crypto asset ‘s integral blockchain. That can speed up your transactions, though this credibly is n’t of huge concern unless you ‘re an active crypto investor. One major dent, however, is that Exodus is calm deplorably behind its competition in terms of security. There ‘s placid no subscribe for two-factor authentication or multi-signature addresses ( see “ Keeping Your Wallet Safe, ” below ), which are common security measures supported by many other wallets .

Electrum Bitcoin Wallet

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at Electrum Bitcoin Wallet

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If you ‘re only matter to in Bitcoin, Electrum is one of your best options. This ripe wallet has many features, particularly around security, and it ‘s highly customizable. Plus, it ‘s open beginning, so it ‘s got a beneficial diverseness of third-party plug-ins available, and besides works with a ( fairly ) long list of hardware wallets for cold storage. You can download Electrum as Python code, equally well as amply compiled apps for Android, Linux, macOS, and Windows 7. It lacks io hold. Electrum offers many security system features, including the aforesaid cold wallets, multi-signature support, and two-factor authentication ( see “ Keeping Your Wallet Safe, ” below ). The wallet is an open-source project, so there ‘s a certain total of DIY expertness required. This is a big wallet for Bitcoin investors, but there ‘s decidedly a memorize wind. Climbing it only happens through Electrum ‘s on-line, developer-focused documentation. Go to the trouble to learn it, however, and you ‘ll find that Electrum offers respective competitive features. notably, it supports adjustable transaction fees : Pay a little more, and your batch goes through flying. If you do n’t need millisecond deal, you can pay less for a slenderly longer wait time. Electrum is quick because it ‘s a lightweight customer that uses simple payment confirmation ( SPV ). That means it only downloads part of the blockchain to speed up performance .

Huobi Wallet

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Huobi is a twist, decentralize wallet ( see “ Crypto trade Terms, ” below ) that supports trading more than 1,000 different digital assets across multiple blockchains. however, one caution is that the ship’s company started out in China, but once that state banned all cryptocurrencies, it moved to Seychelles, an archipelago off of East Africa. If you prefer to work with a US-based company, check out Coinbase. The Huobi Wallet is available for Android and io, and it ‘s a self-custodial wallet ( so you ‘re in charge of your own key ). however, Huobi is besides introducing another wallet, called Cloud Wallet, that ‘s entail for beginners, and ties directly into the Huobi central. It, besides, is a Defi wallet, but it ‘ll make using that engineering easier since the cloud overhaul will handle security and access details. The Huobi central provides a huge list of fiscal services, including support for derivatives, spotlight trading, a crypto credit service, and many more features aimed strictly at sophisticated traders. Experienced crypto hounds should love this wallet. If beginners can get over the initial determine hurdles, the exchange has all the features they need to grow their portfolios without switching to meatier services .

Jaxx Liberty

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The Jaxx Liberty Wallet has a fairly intuitive exploiter interface, and it runs on most any operate organization, including Android, io, macOS, and Windows. There are even distro-specific clients for several Linux flavors, including Debian and the democratic desktop distro, Ubuntu. One catch is that Jaxx Liberty does n’t support decree transactions ( meaning the ability to buy coins directly through the app using your credit circuit board ), so you need third-party crypto exchanges to make purchases. For most people, however, this simply means becoming familiar with the ShapeShift exchange, which Jaxx immediately supports. ShapeShift is decentralized, and supports more than 750 different cryptocurrencies across 11 separate blockchains. The bad news program is that Jaxx trails most of the competition in terms of security system. Like Exodus, Jaxx is a self-custodial wallet, which means you ‘re in command of your keys. Where Jaxx falls badly short circuit is that it does n’t offer support for multi-signature transactions or, even more storm, two-factor authentication ( see “ Keeping Your Wallet Safe, ” below ). That last one is a bit of a doozy .

Mycelium Bitcoin Wallet

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Like Electrum, Mycelium is a Bitcoin-focused wallet, but it ‘s arguably evening more fledged than its rival. This is evidenced by its long list of sophisticated features, including corroborate for a broad kind of accounts that are compatible with several cold storage hardware wallets. besides like Electrum, it ‘s an open-source project, although its apps are only available for Android and io. If you ‘re chiefly interested in Bitcoin, Mycelium is an excellent option, arsenic long as you ‘re at least slightly companion with how cryptocurrencies operate. Although its interface is n’t angstrom easy as BRD or Coinbase, Mycelium ‘s intuitive enough for intermediate Bitcoin investors. You ‘ll quickly find and move between your diverse accounts, and there ‘s a handy transaction history that goes along with each one. Again like Electrum, Mycelium has a custom transaction fee structure, which means you can adjust your fees up or down depending on how long you want to wait for your transactions to process. mycelium has solid security, excessively. It ‘s a self-custodial wallet, which means you ‘re in total control of your keys. It supports both two-factor authentication, multi-signature transactions, and biometrics ( see “ Keeping Your Wallet Safe, ” below ). It besides offers single-address accounts, so you can delete your keys from your device, effectively turning your call into a cold wallet. Once you ‘re ready to trade again, you fair import your keys and you ‘re good to go. This feature of speech is not for social station beginners or people who conduct numerous transactions every day. calm, it ‘s a big direction to bypass those daily hacking worries .

What You Want in a Crypto Wallet

The first feature of speech you should be looking at when choosing a cryptocurrency wallet is whether it supports the currencies you want to use. If you want to dabble in multiple currencies or other kinds of digital assets, like NFTs, you should make sure that your wallet supports equally many as possible. It should besides be able to easily connect with at least one change that allows multicurrency operations. Both Exodus and Jaxx fit this finical bill. If you ‘re looking to speculate, you ‘re probably comfortable with a sealed sum of hazard. You ‘re probably besides concerned in protecting your transaction privacy. This means you should be looking for a wallet that does n’t require any specific change on the back conclusion, or if it does, then it ‘s an exchange that does n’t require much in the way of ID verification or identify transaction data. ShapeShift is a very popular exchange for these kinds of users. But possibly speculate is n’t your thing. possibly you ‘d like to experiment with cryptocurrency, but want to do it in a safe, more determine environment⁠—and you ‘re volition to give up a certain amount of transaction privacy to do it. You should be looking for a regulate exchange like Coinbase, which besides makes the Coinbase Wallet. Coinbase is a uranium company that works hard to meet US bank regulations, and has the abstruse pockets to do it. It limits the currencies and assets you can use, but many people feel safe using this kind of platform for that very reason. future, there are more minimalist cryptocurrency wallets, such as BRD and Bitpay Wallet. These are chiefly mobile wallets intended to let you track and access your digital funds on the go. primitively, they were n’t meant to work as deal platforms or to store large crypto sums. These mobile wallets have decent security, and you can use several of them simultaneously. That can be useful to separate unlike kinds of assets, exchange connections, or investment strategies .

Crypto Trading Terms

In the past few years, how investors make money with cryptocurrencies has changed, and wallets evolved to keep up. Most investors follow roughly the same scheme as standard stock certificate players : buy low, sell high. however, a key course these days is generating passive voice gross with your crypto assets, which your wallet must specifically support. Below are several strategies you should understand before choosing a wallet .

  • Staking. This boils down to earning rewards by holding and not trading certain cryptocurrencies for a determined time. Staking can earn you between 5 % and 20 % of your holding ‘s value, but most currencies that support staking have a minimum investment to be eligible, so you may have to front some money to earn more down the lineage. then again, staking means your coins are earning you potentially meaning returns alternatively of sitting in your wallet while waiting for a price spike .
  • Interest. Like mainstream banks, many exchanges let you deposit crypto into an bill that earns an interest-bearing concede. You might not be able to access your situate funds for a light meter, but the interest rates can be significant, so this is another easy way to generate passive income with your coins .
  • Token Stocks. This refers to a cryptocurrency backed by equity shares in whatever organization created the mint. Some offer dividends good like mainstream stocks do, normally paid out quarterly .

Your potential tax charge is another important wallet consideration, particularly if you ‘re in the US. The infrastructure Investment and Jobs Act, signed into law in November 2021, upped the report requirements for exchanges and investors alike. Those requirements span coins and other kinds of digital assets, specially NFTs. This will be a distributor point of legal contention in 2022, but a far as your wallet and change choices go, you ‘ll want to make sure both support the fresh coverage requirements .

Going Decentralized

Another significant swerve is decentralized finance, called DeFi for curtly. This refers to a wide kind of fiscal services available on certain cryptocurrency blockchains. Ethereum is the large name here, but other blockchains are moving in this direction, excessively. The services you can get on a DeFi chain are the same ones available with non-DeFi chains. The remainder is that DeFi is generally faster and has zero oversight by a third party. Transactions are peer-to-peer, so they ‘re between barely you and the person with whom you ‘re transacting. That makes a DeFi chain fairly anonymous and very open. Another factor associated with DeFi chains and wallets is that they use decentralized apps ( called DApps ), and your wallet will need to support these directly. DApps provide easier access to services like tracking and lend, in addition to heightened security and privacy capabilities. A feature of speech related to DeFi is the atomic swap, which lets you trade cryptocurrencies across different blockchains in a peer-to-peer format. It uses smart contracts, so you can look at atomic swaps as a form of if-then statements. If specific conditions are met, namely the details of the transaction, then the transaction goes through. If they are n’t, nothing happens. The conditions are on a timekeeper, and once that clock runs out, the transaction terminates. That provides a safety mechanism then atomic swap users do n’t steal currentness from each other. A wallet must support atomic swaps if you want to explore this kind of trade .

The Security Question

You may be wondering if cryptocurrency wallets are safe. unfortunately, that ‘s not an easily wonder. All of the cryptocurrency wallets we list here are by and large safe and employ a basic level of security. But, yes, some are a little safer than others. A traditional hot wallet is hosted, meaning the cryptocurrency wallet manufacturer or the switch over controls and stores your keys. This is both good and bad On the one hand, they probably have better security than you do. On the other handwriting, they ‘re besides probably storing thousands of users ‘ keys, so hackers will target them much more than they would a unmarried user. It besides potentially impacts your privacy, since the exchange will have to at least partially track what you ‘re doing. Decentralized hot wallets, on the other hand, have no centralized back-end system that you need to work through when you want to sell, deal, or buy connect to any exchange and let you control your wallet ‘s keys. They besides let you connect and generate a peer-to-peer transaction directly with anyone, anywhere, with no institutional supervision. That sounds good from a privacy slant, but it besides attracts some louche characters. And, given our government ‘s stream travel toward strengthening policy around cryptocurrencies, decentralized exchanges face an uncertain future, so it pays to be cautious here. several wallet services have been hacked in the past, so most hot wallets these days are “ self-custodial, ” which means they no longer store your keys on back-end servers. You ‘re creditworthy for storing and protecting the keys yourself. The thing to look for here is whether or not the wallet offers a recovery summons should you lose your keys. Some do, some do n’t. If they do, it ‘s by and large done via a randomly-generated 12-word security phrase. Lose that phrase, however, and you ‘re out of luck .

Keeping Your Wallet Safe

Cryptocurrency wallets all have password-controlled access to them. They encrypt all transaction data via Secure Sockets Layer ( SSL ) while in transit, and they securely store your public and individual keys, either encrypted on your local device or on the cryptocurrency wallet godhead ‘s servers. That ‘s the minimal security your wallet needs to have, but there are three other key features you should besides look for : multi-factor authentication ( MFA ), biometrics, and multi-signature digest .

  • MFA. This feature generates a keepsake or key from the cryptocurrency wallet manufacturer that you ‘d need to know to access your wallet. This extra code might be sent to you via a text message, an electronic mail, an appraiser app, or even a hardware security key. This means malcontents trying to hack your report would need to not only know your primary bill credentials, but besides have access to the device that receives the secondary code. That ‘s importantly more difficult and dangerous for the bad guys, so it ‘s an excellent extra layer of security .
  • Biometrics. These days, most mobile devices support ways to recognize characteristics of your physical body, including fingerprint readers and facial recognition. Tacking that verification on acme of a password and a secondary code is another quick and easy way to keep your cryptocurrency wallet safe .
  • Multi-Signature Support. This feature works like a articulation bank report, but at the identify level. typically, such a system is referred to as a “ two out of three ” system. That ‘s because it generates three keys with three separate addresses : one controlled by the account holder ( you ), and one controlled by the overhaul, and one that ‘s shared. You need at least two out of the three keys to access the history. There are even more elaborate variations on this sport, including the 3-of-5 dodge ( Opens in a new window ) that Coinbase uses for its Vault service.

Some Final Thoughts

overall, the cryptocurrency wallets we present here are some of the best hot wallet solutions available. Some are better for beginners, while others are aimed at seasoned veterans. however, even among this relatively belittled group, you ‘ll need to decide which of two basic camps you fall into before you can choose the correctly wallet. The first base camp is the speculators who are comfortable with hazard and are n’t looking for a cryptocurrency wallet that asks a lot of questions. The second camp consists of conservative investors who are interest in fewer digital assets and desire a safe environment that ‘s more akin to our baffle banking industry. If you ‘re in Camp 1, you ‘re best off with a wallet like Exodus. It ‘s easy to use, supports a big number of digital assets, and can access less regulated, DeFi exchanges, like ShapeShift. If you ‘re in Camp 2, then something like the Coinbase Wallet is your best count. It ‘s backed by a reputable US firm that ‘s not only well-funded, but besides well-secured and in conformity with all relevant US bank laws. measure your wallet choices against these two yardsticks, and you ‘ll have the best chance of landing on what ‘s best for your needs .

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