Best Crypto Wallets

Best Crypto Wallets

One of the first things any crypto investor needs, is a reliable and secure Crypto Wallet to store their coins.  With so many good wallets out there, it can be difficult to choose which is best for you.  Do you prefer having a custodial service secure your coins, or do you want to secure them yourself?  How about a wallet that allows you to earn interest on your crypto?  Do you want a wallet that can access decentralized protocols?  The recommendations below are among the Best Crypto Wallets in each category.

Custodial Wallets


Coinbase Wallet

Pros:
    – Great starter wallet with a clean UI
    – Earn crypto for watching educational videos
    – Set up recurring crypto purchases
Cons:
    – Coinbase controls the private keys
    – No access to DeFi services… yet
    – The interest and staking rates are very low


Crypto.com WalletPros:
    – Crypto Visa cards with multiple benefits
    – Good interest rates for BTC, ETH and stablecoins
    – Supports many tokens including their own
Cons:
    – Crypto.com controls the private keys
    – Need to stake CRO to get the best benefits
    – Interest on other alt coins besides ETH is low


Celsius Network Wallet

Pros:
    – Some of the best interest rates in the industry
    – No lockup periods to earn the best rates
    – Lowest borrow rates for collateralized loans
Cons:
    Celsius controls the private keys
    – Purchasing crypto with fiat is limited
    – No way to exchange tokens… yet


BlockFi Wallet

Pros:
    – Great interest rates for BTC, ETH, LTC & LINK
    – Visa credit card providing cash back in BTC
    – No lockup periods to earn the best rates
Cons:
    – BlockFi controls the private keys
    – Limited number of tokens… for now
    – Interest is paid out monthly


Nexo Wallet

Pros:
    – Very competitive interest rates
    – Cash back credit card with no annual fee
    – Interest is paid out daily or monthly
Cons:
    – Nexo controls the private keys
    – Monthly lockup periods for best rates
    – Purchasing crypto with fiat is limited


Self-Custody Wallets


Ledger WalletPros:
    – Maintain control over your private keys
    – Offline hardware wallet for ultimate security
    – Ledger UI provides access to DeFi apps
Cons:
    – Not as convenient, but more secure
    – Greater learning curve for most people
    – Fully responsible for securing your wallet


Trezor WalletPros:
    – Maintain control over your private keys
    – Offline hardware wallet for ultimate security
    – Trezor is compatible with the Exodus wallet
Cons:
    – Still needs more integration with DeFi apps
    – Not as convenient with a greater learning curve
    – Fully responsible for securing your wallet


Exodus Wallet

Pros:
    – Maintain control over your private keys
    – Beautiful UI for their desktop and mobile apps
    – Exodus provides access to some DeFi apps
Cons:
    – Limited DeFi functionality… for now
    – Difficult to store offline like hardware wallets
    – Fully responsible for securing backup words


Trust Wallet

Pros:
    – Maintain control over your private keys
    – Simple UI with built in exchange and staking
    – Trust Wallet works with most DeFi apps
Cons:
    – Only available as a mobile app
    – Difficult to store offline like hardware wallets
    – Fully responsible for securing backup words

 


Recommended Crypto Services, Products and Strategies:

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing.

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If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

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For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

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What do you think about the Crypto Wallets mentioned here?  Do you have any questions about them?  Be sure to leave a comment below.

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