The Top 5 Cryptocurrency Wallets to Use in 2021
The crypto industry has grown quite a bit over the last few years, and selecting suitable crypto services can be quite challenging these days. There are many options to choose from, especially when it comes to things like wallets and exchanges, where safety is of utmost importance.
Many have already reported the difficulty of choosing the right wallet, and so we decided to create a reliable guide that will help you identify the best wallets available, and keep your funds safe.
How did We Choose these Wallets?
Of course, we did not just select the wallets we are about to present to you at random. It is well-known that researchers’ methodology decides the quality of their results and findings. This is why we focused on including all the core factors that would help identify adequate wallets.
We wanted them to be beginner-friendly for all the new traders, that they have a variety of features, good customer support, and above all — top-notch security. We put things to the paper, listed all the known pros and cons, and eventually made the list. Here are our findings.
Top Crypto Wallets in 2021
The first on our list is Crypterium, which stands out as one of the best, if not THE best choice when it comes to infrastructure. The wallet has found an excellent balance between being functional and being secure, which is fairly difficult to achieve. Many others are either not safe enough, or too complicated, while Crypterium is both safe and easy to use.
It offers various crypto banking features, and a very unique approach to storing coins. It also allows users to create an interest-generating savings account, and even earn rewards while doing nothing but storing their coins.
On top of that, Crypterium also offers exchange services, which use an AI-based bid-asking system. That way, users get to buy coins at the best rates. With the wallet, users can also get a Crypterium crypto debit card, so that they can fill it up with coins and spend them in the real-world environment.
Users can also buy coins with their credit or debit cards, while Crypterium keeps the funds safe through an insured cold storage solution.
- Numerous banking features
- Easy to use and navigate
- Keeps the funds safe in cold storage
- Allows crypto trading powered by an AI-based system
- Lets you buy crypto with a credit/debit card
- It offers a crypto debit card
- It has a fairly low transaction limit
2) Coinbase Wallet
Next up, we have a Coinbase wallet, provided by the largest US-based crypto exchange, Coinbase. Now, Coinbase is well-known for its services and various products, so it is not that surprising that its wallet can be found on the list of top wallets in 2021.
The wallet is integrated into the exchange’s ecosystem and there are numerous features available to users. It also provides access to Coinbase’s card, it is compatible with ERC721 tokens and various digital collectibles, ERC-20 assets, and more.
- It is very user-friendly
- Excellent security
- Allows access to the entire Coinbase ecosystems
- It lets you use a Coinbase card
- Supports various ERC token models, including ERC-20 and ERC721
- Only a handful of altcoins can be stored
3) Trust Wallet
In the third spot, we have Binance’s Trust Wallet. Now, Binance is the world’s largest centralized exchange based on trading volumes, and its wallet has been one of the most popular in the industry. Not only that, but the exchange’s dedication to following each major trend also allowed its wallet to help drive the DeFi growth.
The wallet’s infrastructure sticks to a decentralized architecture, meaning that it does everything in its power to keep users’ anonymity and provide easy and cheap access to DeFi. In fact, the wallet specialized in Ethereum-based coins, which is good, since that includes hundreds of cryptos. Unfortunately, it also eliminates the rest of the crypto industry, including Bitcoin.
Nearing the end of the list, we have Mycelium. Now, this is a wallet provider with a great focus on the details. It offers excellent security features, and this allowed it to become a major name in the crypto industry. Not to mention the fact that it integrates with well-known hardware wallets such as Trevor and Ledger, which allows it to increase security even more through cold storage.
It is also doing much to secure user privacy. On top of that, it allows US and Canadian users to buy and sell crypto with their bank accounts directly, although these services are limited to BTC holders.
- Easy to use
- Offers data encryption
- It collaborates with hardware wallets for extra security
- It is only for BTC users
5) Jaxx Wallet
Lastly, we have the Jaxx Wallet, which is designed to support a variety of cryptocurrencies. In fact, it has support for over 90 coins, many of which are well-known, established cryptos. This allowed it to make quite a name for itself. It is very secure, and it allows instant exchange thanks to partners like ShapeShift and Changelly.
Jaxx did have a security issue in 2017, but that has only made it stronger in the years that followed. However, it still lacks 2FA, for some reason.
- Offers access to multiple cryptos
- Instant exchange
- Easy to use
- Very safe
- Lacks 2FA
So, which crypto wallet is the best? In the end, that is on every user to decide for themselves. Our research suggests that Crypterium is likely the most notable candidate, as it has excellent security and privacy features, as well as support for plenty of coins. It is one of the rare few to find a balance between security and functionality, which is a feat worth recognizing in this competitive field.