Best Crypto Software Wallets for June 2024 (2024)

Cryptocurrencies emerged as a popular asset class, buoyed by the impressive historical returns of crypto assets like Bitcoin and Ether. Unlike financial securities, such as stocks and bonds, digital assets aren’t typically held with online brokers upon purchase. Instead, crypto investors have to use crypto wallets to securely store their digital assets.

Cryptocurrency software wallets allow crypto investors to safeguard their assets. Additionally, most leading crypto wallets also enable users to buy, sell, swap, and earn crypto directly within the app, providing a one-stop shop for crypto investors.

One of the most important things to consider before you transact in and store cryptocurrencies is that you have a suitable crypto wallet in place. To help determine the wallet that works best for you, we conducted a comprehensive review process of the top cryptocurrency software wallets by analyzing a long list of crypto wallets to determine the best cryptocurrency software wallets for different purposes.

Best Crypto Software Wallets for June 2024

Investing in cryptocurrencies, decentralized finance (DeFi), and initial coin offerings (ICOs) is highly risky and speculative, and markets can be extremely volatile. Speak to a qualified investment professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.

Best Crypto Software Wallets for June 2024

Best Crypto Software Wallets for June 2024

  • Our Top Picks
  • Guarda Wallet
  • Exodus Wallet
  • Electrum
  • Mycelium
  • Coinbase Wallet
  • See More (2)
  • The Bottom Line

  • Compare Wallets

  • How to Choose

  • Pros and Cons

  • Why You Should Trust Us

  • FAQs

Best Overall and Best for Security : Guarda Wallet

Investopedia's Rating

4.9

Best Crypto Software Wallets for June 2024 (1)

  • Number of Currencies Supported: 400,000+
  • Customizable Fees: Yes
  • Hardware Compatible: Yes

Why We Chose It

Guarda Wallet is a highly secure and user-friendly cryptocurrency wallet that allows users to buy, store, swap, and earn a wide range of crypto assets. While it is one of the newest wallet providers on our list of best crypto software wallets,

Guarda Wallet has passed our reputation background checks with flying colors and ticked the most security boxes among all non-custodial software wallet providers.

It is a non-custodial, multi-platform software wallet that enables crypto investors to manage their digital assets using a web interface, a Chrome extension, on desktop, and mobile (Android and iOS) while retaining complete control over their private keys.

Because it is a non-custodial wallet, users don’t have to worry about losing funds in case a company files bankruptcy (like FTX) as only they access their funds stored using Guarda Wallet. The company has no access to or control over user assets.

Supporting over 50 blockchain networks, users can safeguard and manage an extensive portfolio of more than 400,000 digital currencies and tokens. While it's worth noting that the wallet's in-app purchase fees tend to be higher, Guarda Wallet compensates for this by delivering a secure and user-friendly experience, where the importance of security cannot be overstated.

Pros & Cons

Pros

  • Highly secure wallet

  • Supports 400,000+ crypto assets

  • Enables users to buy, swap, and earn crypto

  • Very responsive customer service

  • Multi-signature (MultiSig) wallets

Cons

  • Relatively high fees for in-app crypto purchases

Company Overview

Launched in 2017, Guarda Wallet established itself as the best cryptocurrency software wallet on the market. Under the stewardship of two corporate entities, the Portuguese Guardaco LDA and Estonian Guardarian OÜ, Guarda Wallet cemented its position as the market leader in secure digital asset storage.

Licensed by the Estonian authority, Guardarian OÜ can provide virtual currency services, enabling the wallet to offer regulated in-app crypto exchange services, and the capability to earn staking rewards and prepaid card-related solutions.

Despite being the youngest entry in our list of best crypto software wallets, Guarda Wallet provides everything today’s cryptocurrency users need.

Best for Beginners : Exodus Wallet

Investopedia's Rating

4.2

Best Crypto Software Wallets for June 2024 (2)

  • Number of Currencies Supported: 250+
  • Customizable Fees: Yes
  • Hardware Compatible: Yes

Why We Chose It

Exodus Wallet is a renowned multi-asset crypto wallet that provides a beginner-friendly user experience, allowing users to manage their crypto portfolios on a user-friendly interface. It has a built-in exchange accessible on desktop and mobile, which covers the most pressing needs of beginners.

It also unlocks a myriad of possibilities, enabling users to buy, trade, and earn interest on their digital assets via staking.Users can explore various in-app applications that enable them to earn staking rewards, generate interest through lending crypto assets, delve into the realm of non-fungible tokens (NFTs) on Solana, and more.

One of the wallet's key strengths lies in its intuitive and user-friendly interface, making managing a portfolio of crypto assets significantly less complex. It also offers:

  • Hardware support to enhance security
  • Customizable send fees
  • Reliable customer support

One downside is that it is not fully open-source, limiting external code inspection for potential vulnerabilities.

Pros & Cons

Pros

  • Supports 250+ crypto assets

  • Has a built-in crypto exchange functionality

  • Enables users to earn staking rewards

  • Available on desktop and mobile

Cons

  • Software is not fully open-source

Company Overview

Founded in 2015, Exodus is a United States-based company that provides a mobile and desktop crypto wallet known for its user-friendly interface. With Exodus Wallet, users can securely store and trade 250+ digital assets in a single location, simplifying their crypto management experience.

Best for Bitcoin : Electrum

Investopedia's Rating

3.3

Best Crypto Software Wallets for June 2024 (3)

  • Number of Currencies Supported: 1
  • Customizable Fees: Yes
  • Hardware Compatible: Yes

Why We Chose It

Electrum is a secure, open-source, Bitcoin-only wallet for users to successfully store their digital currency since 2011. Electrum also enables users to open Lightning payment channels to send and receive Bitcoin payments over the Lightning Network. Bitcoin transactions executed through the network are near-instant and low-cost

While Electrum's no-frills user interface may pose a challenge for beginners, it prioritizes functionality over user-friendliness, which is why it has a fan base among experienced Bitcoiners.

Advanced features are a highlight of Electrum, including compatibility with hardware wallets for highly secure cold storage, support for multi-signature wallets, and the ability to set custom transaction fees. As a result, this wallet remains an excellent choice for experienced Bitcoin users seeking an advanced, feature-rich wallet.

Pros & Cons

Pros

  • 10+ years of providing a Bitcoin storage solution

  • Supports Lightning Network payments

  • Open-source code

Cons

  • Only supports Bitcoin

  • Not beginner-friendly

  • No customer support

Company Overview

Electrum was launched in 2011 by Thomas Voegtlin. The company has had many developers working on its source code since it was launched. Since its launch, it's become one of the pioneering Bitcoin wallets.

It’s still regarded as one of the top Bitcoin-only wallets available because it's an open-source desktop wallet. It empowers users to securely store, send, and receive Bitcoin payments.

The company urges prospective new users not to download the wallet from any site other than electrum.org and to verify all GPG signatures.

Best for Mobile : Mycelium

Investopedia's Rating

3.7

Best Crypto Software Wallets for June 2024 (4)

  • Number of Currencies Supported: 8+
  • Customizable Fees: Yes
  • Hardware Compatible: Yes

Why We Chose It

Mycelium is a leading mobile crypto wallet that offers users a secure platform to effectively manage Bitcoin, Ethereum, and ERC-20 tokens. The open-source, non-custodial wallet provides a range of advanced wallet features, such as cold storage integration, spending accounts, and single-address savings accounts.

While the user interface of the mobile app may not be the most intuitive for beginners, it offers a plethora of advanced wallet features that seasoned cryptocurrency users greatly appreciate, such as the ability to establish HD spending accounts, create single address saving accounts, and access detailed transaction information.

The Mycelium wallet is ideal for Bitcoin and Ethereum holders who want to store their assets in a secure, privacy-focused mobile wallet.

Pros & Cons

Pros

  • Software is open-source

  • Supports cold storage integration

  • In-app crypto purchase option

  • Strong focus on user privacy

Cons

  • Mobile-only

  • Not very beginner-friendly

Company Overview

Mycelium was introduced by Megion Research & Development GmbH, a team of hardware engineers who came together in 2008. It calls itself one of the oldest and most popular Bitcoin wallets.

During the early days of Bitcoin, the team made significant contributions to the cryptocurrency space by creating various solutions, including Mycelium Payment System, Bitcoincard, and Affinity. The company is dedicated to “the development of a social media hardware and software platform called Mycelium MEDIA.”

Best for Low Costs : Coinbase Wallet

Investopedia's Rating

3.7

Best Crypto Software Wallets for June 2024 (5)

  • Number of Currencies Supported: Thousands
  • Customizable Fees: Yes
  • Hardware Compatible: Yes

Why We Chose It

Coinbase Wallet is a non-custodial, multi-asset crypto wallet that is available as a Chrome extension and smartphone app that allows users to hold their private keys, giving them complete control over their funds.This makes it different from the Coinbase.com app, which provides users with a custodial wallet.

This wallet enables users to securely store thousands of cryptocurrencies and NFTs while providing seamless access to decentralized applications known as dApps. The wallet stands out for providing a user-friendly and attractive experience for DeFi and Web3 users.

Pros & Cons

Pros

  • Only charges network fees

  • Supports thousands of digital currencies and tokens

  • Provides a dApp browser to access Web3 applications

  • Enables users to manage NFT collections

Cons

  • Coinbase has a history of bad customer support

  • Software isn’t open-source

Company Overview

Coinbase was launched in 2012 to enable individuals to buy, sell, and store Bitcoin using a user-friendly application. Fast-forward after that: Coinbase transformed into a publicly traded company, boasting a market capitalization exceeding $61 billion. With a user base surpassing 110 million spread across more than 100 countries, the platform now holds over $114 billion worth of assets as of December 2023.

To cater to the growing demand for non-custodial crypto wallets and facilitate access to web3 applications, Coinbase developed the Coinbase Wallet. This solution enables users to store a vast array of digital assets and conveniently manage their NFTs within a unified platform.

Despite Coinbase’s tainted reputation in the cryptocurrency community, largely stemming from concerns surrounding account closures, subpar customer service, and frequent platform downtimes during periods of heightened volatility, the company delivers an exceptional web3 wallet suitable for both beginners and experienced users alike.

While all leading cryptocurrency wallets provide a high level of security for safekeeping your crypto assets, improper security practices on behalf of the user can lead to a complete loss of funds. Crypto enthusiasts should take care to store the bulk of their assets meant for trading on exchanges using cold storage methods, and never share your wallet’s login details, recovery phrase, or private keys with anyone.

The Bottom Line

When searching for a cryptocurrency wallet, seek out a provider with a robust and reliable track record, a high level of security and transparency, a range of crypto asset management features, and seamless options to trade crypto.

After thorough research, we determined that Guarda Wallet stands out as the top choice for the best overall crypto wallet. Guarda Wallet supports more than 50 blockchains and over 400,000 assets, provides a range of crypto earning opportunities, and comes with easy-to-use in-app crypto purchase and swapping features. Notably, Guarda Wallet has received high rankings in terms of security based on our criteria.

While Guarda’s in-app purchase fees are relatively high, the wallet’s user experience, robust security, and wide range of features justify paying a premium. By storing crypto assets in a secure, non-custodial wallet like Guarda, instead of on a crypto exchange, investors can avoid losing funds due to exchange insolvencies, like the ones that occurred with Celsius, BlockFi, and FTX last year.

Compare the Best Cryptocurrency Wallets

CompanyNumber of Currencies SupportedSupports BitcoinIncorporated ExchangeCustomizable FeesCompatible Hardware
Guarda Best Overall and for Security400,000+YesYesYesYes
Exodus Best for Beginners250+YesYesYesYes
Electrum Best for Bitcoin1YesNoYesYes
Mycelium Best for Mobile8+YesYesYesYes
Coinbase Wallet Best for Low CostsThousandsYesYesYesYes

Guide to Choosing the Best Crypto Software Wallet

Choosing the best cryptocurrency wallet depends largely on your personal needs. Here are some helpful tips to choose the wallet that's right for you.

What Is a Crypto Software Wallet?

A software wallet is an app or site that provides you with a storage solution for your cryptocurrency keys. You can install software wallets on your smartphone, mobile device, or your computer, which is why they're also called digital wallets. This means you'll need an internet connection to access your wallet.

One thing to keep in mind is that software wallets don't store your crypto. Your coins are stored on the blockchain. Rather, they allow you to access your passkeys so you can transact with your digital currencies. When you access your wallet, you can buy, sell, trade, or transfer your crypto from your computer or mobile device without a physical device.

How Frequently Do You Plan to Use Your Wallet?

How frequently you plan to use your crypto wallet plays an important role in choosing one that’s right for you. For example, if you plan to use digital currencies, like Bitcoin or Tether, to make regular payments, you probably want to hold some of your funds in a mobile wallet.

But if you are looking to invest in and store crypto assets over the long term–and if you're looking to store a large amount of digital currency–you're better off securing your crypto assets offline in cold storage using either a hardware or paper wallet.

If you intend to actively trade digital assets, opting for a multi-platform wallet that offers the flexibility of managing your cryptocurrency portfolio on both your desktop and smartphone would likely prove advantageous.

Nevertheless, it’s crucial to exercise caution and avoid storing substantial amounts of cryptocurrency on centralized crypto exchanges or lending platforms. By doing so, you mitigate the risk of experiencing a total loss of funds in the event of a hack or the insolvency of an exchange.

If your goal is to create a diversified crypto portfolio consisting of numerous digital currencies and tokens, selecting a multi-asset wallet that supports a wide range of assets would be a wise choice.

Do You Care About the Level of Customer Support?

If you are a beginner, you probably want to go for a beginner-friendly wallet with an easy-to-use interface.

Not all wallet providers have customer support. Numerous long-standing open-source wallets, for example, don’t offer any customer support. If you think you will require help with your wallet, choose one that allows you to interact with a human for customer service and support agent via telephone or live chat.

How Important Is Security?

Are you just looking to test the waters in the brave new world of crypto? Or are you looking to make a substantial investment? Depending on your plans, security will either play a relatively small or a very big factor in choosing a wallet.

You may be looking for a desktop wallet you can secure with an encryption password. Or maybe you want the best security that crypto storage solutions can offer.

Backing up your wallet is one of the most important–if not the most important–aspects of crypto wallet management. Are you content with writing down and safely storing a recovery phrase, or do you prefer to only have to remember a username and password?

Choosing a wallet with a backup feature that works for you is another essential security measure when it comes to picking a wallet.

How Important Is It to Have Ownership of Your Private Key?

Are you comfortable with a third-party provider holding your wallet’s private keys (and thus having de facto ownership of your virtual assets)? If not, you can choose a non-custodial wallet where you are responsible for managing your wallet’s private keys.

While these wallets are considered best practice because you have complete control over your virtual assets, if you lose access to your wallet or forget your encryption password, you will lose all funds held in that wallet.

Ever thought of having multiple cryptocurrency wallets? Having more than one wallet helps keep your tokens secure and separates them so you can manage them with ease.

Software Wallets vs. Hard Wallets vs. Paper Wallets

As we've already mentioned, software wallets are apps that you use on your computer and/or mobile devices, such as your smartphone or tablet. Since you don't have a physical device to tote around, you can access your (software) wallet from anywhere—as long as you have an internet connection.

But, there are other wallets that you can use, including:

  • Hard wallets: These wallets are physical devices that you can take with you anywhere you go. Hard wallets look like USB drives that you have to plug into a computer or other compatible device. Once plugged in, you'll generally need an internet connection to access your wallet. They are among the safest ways to store your crypto keys. You will have to take precautions, though, when you're online as you can be susceptible to hackers and malware. Examples of hard wallets include Trezor and Ledger.
  • Paper wallets: This type of wallet is exactly how it sounds: a piece of paper you keep and carry with you. Paper wallets come printed with public and private keys. They may also come with a barcode that can be scanned if you get yours through an app. Carrying a paper wallet gives you an offline storage method for your crypto keys. They're fairly safe but may be susceptible to damage.

As a point of reference, you've probably heard the terms hot and cold wallets. Hot wallets require an internet connection. These are typically software-based, such as a web, mobile, or desktop wallet. Cold wallets, on the other hand, can be handled physically. So your hard or paper wallet are both considered cold wallets.

Software WalletHard WalletPaper Wallet
Hot or cold?HotColdCold
Connection?
Portable device?
Expensive?

Pros and Cons of Crypto Software Wallets

Pros

  • Easy to access

  • Range of features

  • Affordable

Cons

  • Susceptible to hackers

  • Requires internet connection

  • May need multiple wallets for different cryptocurrencies

Pros Explained

  • Accessibility: Software wallets don't require you to carry around a physical device to access your cryptocurrencies. They rely on an internet connection, which means you can access your wallet from anywhere as long as you have a connection and computer/mobile device.
  • Wide range of features: The main point of crypto wallets is to provide you with a place to store the passkeys so you can access your currencies. Software wallets often come with additional features, including the ability to buy, sell, and trade your coins, send and receive crypto, access transaction histories, and check your balance.
  • Lower price: Unlike hard wallets, software wallets don't require you to purchase a device. Instead, you can download an app on your computer and/or mobile device—in many cases, for free. Optional features, though, may come at a cost.

Cons Explained

  • Security: Software wallets are convenient because you don't have to carry around a physical device. But being internet-based means they are less secure. As such, they're prone to malware and hackers. It's important to take steps to mitigate or avoid a breach by adding features like two-factor authentication.
  • Requires an internet connection: Being portable makes the software wallet an ideal choice. But you may run into trouble if you can't find a place to connect to the internet. Slow or no connections may cause you to miss a trading opportunity or lose out on a sale.
  • You may need multiple wallets: Some software wallets only work with specific cryptocurrencies. This means if you buy, sell, trade, or transact with different cryptocurrencies, you may require multiple wallets. This may lead to confusion as you try to juggle all your storage solutions.

Why You Should Trust Us

Our review process is built around a quantitative rating model that weighs key factors like security, costs, privacy, usability, customer support, and features according to their importance. Our team of researchers gathered over 40 data points and conducted extensive research for each of the 19 companies we reviewed. Our team then test-drove each wallet to lend their qualitative point of view.

Our model gave preference to companies with the strongest security measures and reputations.Companies with rich features, such as supporting a large number of crypto assets, giving users the ability to sync with hardware wallets, and allowing for fee customization, also ranked highly.

Frequently Asked Questions

  • What Is a Cryptocurrency Wallet?

    A cryptocurrency wallet is like a digital bank account for your crypto assets. It allows you to securely store, send, and receive digital cryptocurrencies. Many wallets also support other digital assets, such as non-fungible tokens (NFTs).

    Technically, however, crypto assets are stored on the blockchain. So what a crypto wallet enables you to do is to access and unlock your digital assets stored on a blockchain using the wallet’s private key.

  • How Do Crypto Wallets Work?

    Crypto wallets store keys that give you access to your cryptocurrency. How they work depends on what type of wallet you have. Hard or cold wallets are portable devices (like USB drives) that need to be physically linked to an internet-connected device, such as a computer.
    Hot or software wallets store your keys on a mobile, desktop, or web-based application. This makes these wallets easily accessible, as long as you have an internet connection.. Keep in mind that since your keys are stored online, they are susceptible to hackers, which is why it's important to take precautions like two-factor authentication.

  • How Can You Get a Cryptocurrency Wallet?

    There are several different ways you can get a crypto wallet, including downloading a software wallet on your smartphone or computer, purchasing a hardware wallet device, or printing a wallet onto paper.

    • Download a software wallet: You can download a wallet app onto your smartphone or computer. Once you download the application, you can create a wallet account (don’t forget to securely back it up!) and start using it to store your crypto assets.
    • Purchase a hardware wallet: You can purchase a hardware wallet device online from the manufacturer or a trusted online vendor to securely store your crypto assets in so-called cold storage. Hardware wallets physically store your private keys offline, essentially eliminating the ability for hackers to remotely access your coins.
    • Print a paper wallet: Paper wallets are another cold storage option, where you print your public and private keys onto a piece of paper and store the physical paper in a safe spot. However, this crypto safekeeping method isn’t recommended for beginners, as it requires a higher level of technical knowledge to ensure that the wallet’s keys are generated and printed securely.
  • How Can You Set Up a Cryptocurrency Wallet?

    The most popular crypto wallets are software wallets like the ones listed above. So let’s use the example of a mobile cryptocurrency wallet to show you the typical steps you need to take to set up a wallet.

    1. Download a crypto wallet onto your smartphone. Make sure to choose a reputable one.
    2. Open the app and click on “Create new wallet.”
    3. Write down the wallet’s recovery phrase (also known as a seed phrase) and store it securely. You will need it to regain access to your wallet in case you accidentally delete the app or lose your phone.
    4. Finalize the setup by confirming that you have written down the wallet recovery phrase by typing in select words or the entire set of words in the correct order.
    5. That’s it! You can now start using your cryptocurrency wallet to receive funds or make an in-app purchase if that option is available.
  • How Safe Are Crypto Software Wallets?

    Software wallets are designed to be a secure storage solution for your cryptocurrency. They are used to store your private keys. They allow you to buy, sell, trade, and hold your crypto. But, many of these options are internet-, mobile-, or web-based, which can make them susceptible to hackers. Be on the look out for phishing and upgrade scams that try to access your wallet, and be careful about how you use your wallet. Keep your keys safe and integrate your software wallet with a hard wallet to give you an added level of protection.

  • What Are Some of the Disadvantages of Software Crypto Wallets?

    Software wallets are designed to hold your cryptocurrencies. You can also use them to buy, sell, and trade them. They are meant to be a safe place to store your coins, but do come with certain downsides. Since they are web- or mobile-based, software wallets are susceptible to hackers and malware. Although they may be more affordable than hardware wallets, you may be responsible for fees and charges for transactions conducted through your software wallet.

  • What's the Difference Between a Hardware and Software Wallet for Crypto?

    Hardware and software wallets help you store your cryptocurrencies. They also all you to buy, sell, trade, and make other transactions using your coins. While they share some characteristics, there are certain differences between the two. Hardware wallets are physical devices, whereas software wallets provide you with web- or mobile-based storage solutions. Another difference is security. Hardware wallets are more secure than software wallets since they can operate offline. Software wallets can be accessed from anywhere at any time while hardware wallets must be with you to access your crypto. Then there's the cost: Software wallets may charge a small fee for downloads and transactions. Hardware wallets, on the other hand, require a higher one-time fee when you purchase them.

  • What Are Paper Wallets?

    A paper wallet is a piece of paper used to store cryptocurrency keys. Both private and public keys are written out on paper wallets. These wallets may also come with barcodes that can be scanned for easy access to your keys. Once popular, paper wallets are losing favor among crypto enthusiasts because they have the potential to be degraded and deteriorate.

Best Crypto Software Wallets for June 2024 (6)

Article Sources

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. Guarda.com. "Supported Cryptocurrencies & Tokens."

  2. Guarda. "Secure Multi Crypto Wallet."

  3. Guarda. "How Can I Top Up My Wallet."

  4. Guarda. "About Us."

  5. Exodus.com. "Getting started with Exodus."

  6. Exodus. "Your Wallet + The Best Crypto Apps."

  7. Electrum. "Does Electrum Support Altcoins."

  8. Electrum. "About."

  9. Google Play. "Mycelium Bitcoin Wallet."

  10. Mycelium. "Be Among Smart 8%."

  11. MEGION TECHNOLOGIES. "Homepage."

  12. Coinbase. "Supported assets and networks."

  13. Coinbase. "Coinbase Wallet."

  14. Trading View. "Coinbase."

  15. Coinbase. "About Coinbase."

Article Sources

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.

  1. Guarda.com. "Supported Cryptocurrencies & Tokens."

  2. Guarda. "Secure Multi Crypto Wallet."

  3. Guarda. "How Can I Top Up My Wallet."

  4. Guarda. "About Us."

  5. Exodus.com. "Getting started with Exodus."

  6. Exodus. "Your Wallet + The Best Crypto Apps."

  7. Electrum. "Does Electrum Support Altcoins."

  8. Electrum. "About."

  9. Google Play. "Mycelium Bitcoin Wallet."

  10. Mycelium. "Be Among Smart 8%."

  11. MEGION TECHNOLOGIES. "Homepage."

  12. Coinbase. "Supported assets and networks."

  13. Coinbase. "Coinbase Wallet."

  14. Trading View. "Coinbase."

  15. Coinbase. "About Coinbase."

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Best Crypto Software Wallets for June 2024 (2024)

FAQs

What is the best crypto software wallet? ›

Compare the Best Cryptocurrency Wallets
CompanyNumber of Currencies SupportedSupports Bitcoin
Guarda Best Overall and for Security400,000+Yes
Exodus Best for Beginners250+Yes
Electrum Best for Bitcoin1Yes
Mycelium Best for Mobile8+Yes
1 more row

What is the safest and most reliable crypto wallet? ›

The best software wallets
  • ZenGo is one of the most user-friendly wallets on the market. ...
  • Ledger is one of the world's most popular hardware wallets. ...
  • Trezor is one of the cheapest hardware wallets on the market — with the Trezor One costing just $69! ...
  • KeepKey is one of the cheapest hardware wallets on the market.

Which crypto coins will explode in 2024? ›

Based on our research, ButtChain, Bonk, Sealana, Bitcoin, Celestia, and Solana stand out as the best cryptos in 2024. ButtChain, in particular, is catching attention with its playful branding, innovative features, and ingenious tokenomics.

What is the difference between Ledger and Trezor 2024? ›

The main difference between these devices is that the Trezor One supports fewer coins than the Nano S Plus. Investors holding Ripple (XRP), Monero (XMR), or Cardano (ADA) may prefer the Ledger Nano S. The Ledger Nano X, priced at $149, adds Bluetooth connectivity over the Nano S Plus.

What is the best hardware wallet for 2024? ›

ELLIPAL Titan: Considered the best hardware wallet for accessing DApps and DeFi platforms, the ELLIPAL Titan offers secure offline cold storage. It supports over 8,000 assets and uses QR codes for data transfer.

How safe are software crypto wallets? ›

Software wallets, also known as hot wallets, are constantly connected to the internet, which makes them more susceptible to hacking attempts, malware, and phishing attacks. If a hacker gains access to your device or your private key, they can steal your crypto.

Which crypto wallet is best in the USA? ›

*The Coinbase Exchange wallet was the highest ranking crypto exchange wallet in the crypto hot wallet category.

How many crypto wallets should I have? ›

It is recommended that you use multiple wallets from different providers for different purposes. For example, you might want to use one wallet to store your long-term holdings and another for day-to-day spending. Or you might want to use a different wallet for each type of cryptocurrency you hold.

What is the most reliable digital wallet? ›

With the popularity of digital wallets skyrocketing, we look at the Top 10 digital wallets on the market today, available on mobile.
  • Samsung Pay. ...
  • Zelle. ...
  • Alipay e-Wallet. Alipay e-Wallet. ...
  • Venmo. Venmo. ...
  • PayPal Digital Wallet. PayPal Digital Wallet. ...
  • The Dwolla Balance. The Dwolla Balance. ...
  • Cash App. Cash App. ...
  • Google Pay. Google Pay.
May 1, 2024

Which coin will reach $1 in 2024? ›

Conclusion. In the dynamic landscape of cryptocurrency, these ten coins, including TRON, Shiba Inu, Astar, Kaspa, Dogecoin, Stellar, Kava, Polygon, Cronos, and VeChain, present diverse potentials for reaching the $1 milestone in 2024.

Which crypto can make you rich in 2025? ›

Cardano (ADA)

Cardano's commitment to scalability and interoperability positions it as an attractive investment option for 2025. With ongoing developments and the rollout of smart contracts, ADA's utility is expected to increase, potentially driving up its value.

What is the next big meme coin in 2024? ›

Based on our research and analysis, ButtChain, Turbo, WIF, CorgiAI, and Brett are the top new meme coins making waves in 2024. ButtChain tops our list as the top meme coin as its not only introduces a humorous appeal but also innovates with amazing liquidity features and a rewarding referral program.

Is Ledger wallet safe in 2024? ›

Ledger devices are industry-leading hardware wallets due to their security model. They offer a secure element chip, the same computer chip used for bank cards and passports coupled with its direct connection to the Trusted Display. These pieces guarantee that no hacker can access your crypto online or physically.

Should I use Ledger or Trezor? ›

Ledger is the best hardware wallet overall for investors. Ledger is the best choice for investors looking for security, ease of use, and additional features like staking and NFT management. Trezor is the best choice for investors who value open source values and cheap prices.

What is better than Ledger? ›

Hardware wallets including Ledger are one of the most secure ways to store your crypto since they keep your keys offline, but Trezor shines for its added security features.

What is the best software to buy crypto? ›

Best Crypto Exchanges and Apps for June 2024
  • Best for Low Fees and Best for Experienced Traders: Kraken.
  • Best for Beginners: Coinbase.
  • Best Mobile App: Crypto.com.
  • Best For Security: Gemini.
  • Best for Altcoins: BitMart.
  • Best for Bitcoin: Cash App.
  • Best Decentralized Exchange: Bisq.

What is the best platform to hold crypto? ›

Best Crypto Exchanges for 2024
  • Coinbase: Best overall.
  • Robinhood Investing: Best for beginners.
  • Abra: Best for low fees.
  • Kraken: Best for futures and margin traders.
  • CEX.IO: Best cryptocurrency selection.
  • eToro USA: Best for all types of traders.
  • Cash App Investing: Best for bitcoin.
4 days ago

Which crypto hardware wallet is best? ›

We'll look at both options here in an effort to help you find the best crypto wallet for your own situation.
  • Coinbase Wallet. Best for beginners. See at Coinbase. ...
  • Trezor Model T. Best security features. ...
  • Ledger Nano X. Good balance between accessibility and security. ...
  • Exodus. Best for desktop users. ...
  • Mycelium. Best for mobile users.
May 3, 2024

What is the most private crypto wallet? ›

The Top Anonymous Bitcoin Wallets Ranked

Zengo Wallet – Secure and anonymous crypto wallet using MPC cryptography instead of seed phrases. Ellipal Wallet – High-security, air-gapped wallet supporting 10,000+ digital assets. Ledger Nano X – Hardware wallet with multi-currency support and extreme security measures.

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