Trading in financial markets has many prerequisites for a trader. They have to analyse, research and study it for the best results. Cryptocurrency is such a financial market with high volatility.
The digital coin market needs traders to have several aspects to trade. It requires a trading platform, crypto wallet and secure environment. In the article, we’ll be focusing on the best crypto wallets.
Traders can have the best crypto wallet to keep their funds and data intact. So, let’s analyse the cryptocurrency exchanges’ best crypto wallets.
Five Best Crypto Wallet
The cryptocurrency market is booming as many traders are investing in it. They find Bitcoin and Ethereum coins as a profit-earning digital currency. With that, traders also have the facility to store their coins.
A Crypto wallet is a unique feature of cryptocurrency exchanges. Traders can secure their funds with hot and cold storage facilities. It keeps the funds secure, and traders can sell them further for profit.
Below we have the five best crypto wallets of 2022:
Coinbase Wallet
Coinbase wallet is the best beginner’s wallet. Traders can use it for intuitive and secure trading. The crypto wallet is also the finest in the market because it is an initiative of the best crypto exchange.
Traders with little or no experience can use the crypto wallet to store their funds. They can connect it with significant banks and have an easy-to-navigate interface. It is simple, and traders can use it to make their investments more secure.
The features of the crypto wallet include:
- User-friendly interface
- It supports over 200 cryptocurrencies
- Multi-signature security
- Two-factor authentication
- Is part of the best and most reputable crypto exchange
- Decentralised exchange app
- Allows conversion
Electrum Wallet
Electrum is the best bitcoin wallet on the market. The platform is specifically for bitcoin traders and works per the coin whitepaper. Bitcoin traders prefer the crypto wallet that is basically for the coin.
So, if you are a bitcoin trader, Electrum is your choice. It’s an easy-to-use wallet that has been in use for years now. The only focus of the crypto wallet is bitcoin which makes it worth being on the best crypto wallet list.
The speed and security advantages are the top qualities of the Electrum wallet. Users can connect with the bitcoin blockchain using Electrum’s simple payment verification. It works efficiently for the trader’s successful trading.
Benefits of Electrum crypto wallet include:
- Easy-to-use
- Bitcoin wallet
- Ensures safety
- Hot wallet storage
- Low trading cost
- Self-custody crypto type
Crypto.com Wallet
Crypto.com is the best DeFi crypto wallet. It offers clients a variety of decentralised financial tools. In addition, it has easy onboarding and robust security, which make it the best in the market.
Users trading in a decentralised market can rely on the Crypto.com wallet. The wallet users have complete control over their digital assets and private keys. Thus, they have the safe keeping of their funds and data.
Besides, users can swap cryptos on a one-to-one basis. They can have tools that help them earn passive income. Moreover, users can download it on the Crypt.com wallet. Other features of the wallet include:
- Low trading fee
- DeFi crypto wallet
- Good trading speed
- Earn interest on more than 35 tokens
- More than 250 coins
- Several layers of security
Mycelium Wallet
Mycelium is the best crypto wallet. Users can have the crypto wallet on their mobile app.
Traders should choose the wallet because of its strong, focused security and advanced transaction history.
It is a well-known crypto wallet globally. The main focus of the wallet is Bitcoin. It came in 2008 and has been a mobile software wallet for a long time now. Android and iOS users can have the crypto wallet on their mobile devices.
The major highlights of the crypto wallet are its security and transaction options. Besides, it is a reproducible wallet. Traders can have the best services with Mycelium wallet like:
- Cold storage
- HD spending accounts
- Single address saving accounts
- Mobile app crypto wallet
- Provides offline transactions
- Educational material
Exodus Wallet
Exodus is the best crypto wallet for desktop users. The speed of the transactions, various functions and ease of use make it the best crypto wallet. In addition, traders can choose the wallet as it is visually appealing and intuitive.
Usually, it begins as a desktop wallet, but today traders can have a mobile app for the wallet. In addition, Android and iOS users can download the crypto wallet on their devices. The desktop wallet is its core facility and has updates every two weeks.
Traders can have the following features at Exodus crypto wallet:
- It supports over 200 coins
- 24/7 customer services
- Users can buy Bitcoin with the Apple app
- Customisable and charges fees
- Easily downloadable
Conclusion
The article talks about the best crypto wallets. Crypto traders can have them to ensure secure trading and safeguard their funds. Traders can have the best five crypto wallets in the market.
Anyone trading for the first time can find a Coinbase wallet more attractive. But, bitcoin traders can choose Electrum wallets to be more helpful. While Mycelium wallet is for the traders searching for the best wallet on mobile.
Besides this, Crypto.com is the best DeFi wallet, and Exodus is the desktop wallet. Traders can go with anyone that suits their needs and help them in successful trading.
