5 Best Crypto Wallets of August 2022

[skrimon]

1. Best for Beginners: Coinbase
We chose Coinbase Wallet as the best crypto wallet for beginners because it’s an intuitive and highly secure wallet that is backed by a well-known exchange.

Coinbase Wallet is an excellent wallet for beginners who have little to no experience with crypto. The app can connect to most major bank accounts and has an interface that is welcoming and easy to navigate, consisting of a simple three-tab layout and clearly identifiable functions.

Coinbase Wallet can store non-fungible tokens (NFTs) and digital collectibles, and it supports over 44,000 coins and tokens — the largest amount on our list.

It’s important to make a distinction between Coinbase the exchange and the Coinbase wallet. The Coinbase wallet may be used without opening an account with one of the largest cryptocurrency exchanges.

It's also non-custodial, meaning its private key is stored in your device — not in Coinbase’s servers — so you don’t need to worry about your currencies being locked for any reason or exposed to a cyberattack on the website.

2. Best for Bitcoin: Electrum

We chose Electrum as the best Bitcoin wallet because of its extensive security features and a high degree of customizability.

Founded in 2011, Electrum is one of the oldest and most well-known crypto wallets today. It’s also one of the few remaining crypto wallets that only deals in Bitcoin, a currency that Electrum is uniquely outfitted to support.

The wallet hosts a variety of potent security features that others lack, and users can also adjust their fees depending on how long they’re willing to wait for a transaction to be completed: Pay more in fees, and your transaction will be executed faster.

One of the wallet’s greatest assets is that it uses a lightweight client. Light clients can be set up in a matter of minutes and take up less space than traditional wallet clients on your computer.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

By using simple payment verification (SPV) the wallet only downloads parts of the blockchain, which speeds up transactions without compromising security.

3. Best for Mobile: Mycelium

We chose Mycelium as the best crypto wallet for mobile devices because of its strong focus on security and advanced transaction history information.

Mycelium is another well-established crypto wallet with a big focus on Bitcoin. Introduced to the market back in 2008, it has long been a mobile-only software wallet and continues to be one of the best options for Android and iOS users.

Mycelium’s security and transaction options are two of the wallet’s major highlights. The app is entirely reproducible, which means its code can be duplicated and compared to the original to find any potential security issues and has several levels of pin protection.

The wallet app features custom transaction fees with four recommended levels — low priority, normal, economic, and priority — and several different types of user accounts.

4. Best for Offline Crypto Wallet: Ledger Nano X

We chose Ledger Nano X as the best offline crypto wallet because of its number of supported currencies, high-security standards, and mobile trading capabilities.

Ledger is one of the most well-known brands of hardware wallets available today. Its initial popularity sparked with its first wallet, the Ledger Nano S, a feature-packed and highly secure cold wallet.

The Ledger Nano X expands on the Nano S’ success by adding a built-in battery and features such as Bluetooth connectivity and greater asset management capabilities.

The Ledger Nano X is currently priced at $158.22, comes in a matte black finish, and has a 128 x 64-pixel screen for cycling through apps.

The wallet supports over 5,500 coins and tokens — one of the largest numbers on our list — and is able to manage up to 100 of them simultaneously through the apps on the device.

Its Bluetooth Low Energy connectivity may be turned off at any point and enables the Nano X to be used with the Ledger Live app on Android or iOS devices to exchange crypto on the go.

5. Best for Desktop: Exodus

We chose Exodus as the best crypto wallet for desktops because of the speed of its transactions, ease of use, and the varied functionality of its client.

Exodus is one of the most visually appealing and intuitive wallets on the market yet. Originally a desktop-only wallet, Exodus now has apps for iOS and Android and is also compatible with Trezor wallets, a popular hardware wallet brand.

Nonetheless, the desktop wallet application — available across Windows, Linux and Mac operating systems — is still the wallet’s core offering and is updated every two weeks.

One of Exodus’ main draws is the number of currencies it supports. The wallet supports more than 225 cryptocurrency assets, a larger number than many other hot wallets.

This includes established altcoins, such as Ether, Litecoin, XRP and Bitcoin Cash, as well as popular meme coins like Dogecoin and Shiba Inu.
Thanks for  Reading.