ByBarbara ThompsonUpdatedMay 23, 2022
A Crypto wallet is a software/hardware application to store your cryptocurrency. However, cryptocurrencies do not exist in any physical shape or form. Crypto can’t technically be stored anywhere except coin wallets. This type of software is easy to use while also being secure and fast.
There is a plethora of Crypto wallets in the market, and choosing one can be difficult. Following is a handpicked list of Top Crypto Wallet App & software, with their popular features and website links.
1) Coinbase Wallet
Best for Beginners who have little to no experience in the crypto market.
Coinbase is a hot crypto wallet that can sell, transfer, buy, and store digital currencies. You can store all your NFTs and crypto coins in one place in Coinbase Wallet.
It supports more than 100 countries and more than 35 million people who trust Coinbase to sell, buy, store, and earn cryptocurrency. This Crypto wallet can store digital collectibles and NFTs and supports 500+ crypto assets.
Are my coins secure?
Coinbase Wallet is non-custodial, which means you have access to your wallet’s private key. It is generated with a 12-word recovery phrase on your sign–up. It also provides Two-step verification, Biometric logins, FDIC-insured USD balances, and AES-256 encryption for digital wallets.
What if the exchange is hacked?
Like everything, nothing is perfect. Even FBI headquarters can be hacked/infiltrated. Even with the best security measures, Coinbase was hacked in 2021. The good thing is that they proactively disclosed the event, took steps to prevent future breaches, and reimbursed the victims.
|👍 Pros||👎 Cons|
|User-friendly interface||High transaction fees|
|Multi-signature and 2-factor authentication support.||Limited trading types|
|Provide optional cloud backups which can protect your digital keys.|
Coins Supported: 500+ cryptocurrencies, including BTC, ETH, LTC, BCH, DOGE, etc.
Type of wallet: Hot storage
Available Countries: 100+ countries like North America, South America, Europe, Asia, Oceania, Africa, etc.
Mobile App: Android and iOS.
Insurance: Coinbase maintains crypto-insurance and all USD cash balances covered by FDIC insurance, up to a maximum of $250,000.
Staking Support: Up to 8% APY in crypto savings
Blockchain Support: It supports various blockchains like Arbitrum, Avalanche C-Chain, BNB Binance Smart Chain, Gnosis Chain, Fantom Opera, Optimism, Polygon, xDai.
Customer Support: Coinbase help page, emailed support, an automated phone system, and a chatbot.
Regulations: Coinbase is also registered as a Money Services Business with FinCEN.
Signup Bonus: $5 For US Citizens