10 Best Crypto Wallets of February for Beginner 2024

By Ruby Currency

Updated on:

Best Crypto Wallets

Here are our favorite 10 best crypto wallets of February for Beginner 2024

In this article we will look at the 10 best crypto wallets that we can use to store our crypto securely, there are three major types of wallets that we will learn about, plus there are many different brands that offer these.

Top Hot Wallets of February 2024

  • Coinbase Wallet is great if you’re new to cryptocurrency.
  • MetaMask works well if you’re using Ethereum.
  • TrustWallet is perfect for your phone.
  • Electrum is the top choice for Bitcoin on your computer.
  • BlueWallet is the best Bitcoin wallet for your phone.
  • Exodus is ideal for desktop computers.
  • Crypto.com is the top choice for decentralized finance (DeFi) wallets.

Top Cold Wallets of February 2024

  • KeepKey is the top choice for people who are new to cold wallets.
  • Ledger Nano S Plus is the best hardware wallet for cryptocurrency.
  • SafePal is the top choice for a hybrid cryptocurrency wallet.

Coinbase Wallet: is great if you’re new to Cryptocurrency

ProsCons
An interface that’s easy to use and move around in.It has the same security problems and vulnerabilities as other popular storage options.
The service can handle over 100,000 digital assetsYou can only use it on phones and tablets, except for the Chrome extension.
Offers extra security with multi-signature and two-factor authentication
Supported by a trusted trading platform that can recover lost or stolen assets.

We picked Coinbase Wallet as the top choice for beginners because it’s easy to use, very secure, and supported by a popular exchange.

Coinbase Wallet is made to be simple and easy to use. It has a straightforward design with three tabs and clear functions. The app links to many banks and can hold well-known cryptocurrencies like Bitcoin, Litecoin, Dogecoin, BNB, and others, including ERC-20 tokens and tokens on certain blockchain networks.

It’s essential to understand the difference between the Coinbase exchange and the Coinbase wallet. The Coinbase exchange is a well-known platform in the US for trading cryptocurrencies. Storing your digital assets on the exchange’s web wallet makes trading easier but puts your coins at risk of cybersecurity threats.

You can use the Coinbase wallet without making an account with the exchange. It’s non-custodial, so your private key stays on your device, not on Coinbase’s servers. This means you don’t have to worry about your money being stuck or at risk of cyberattacks on the website.

Other Important Points

  • It uses a special chip found in Android, iOS, iPad, and Mac devices for biometric authentication like FaceID or TouchID.
  • It lets you access decentralized exchanges within the app, so you can convert tokens without middlemen.
  • You can also choose to back up your digital keys in the cloud for added protection.

MetaMask works well if you’re using Ethereum

ProsCons
The browser extension and app have easy-to-use designs.Buying Ether can cost a lot in fees.
They can connect to NFT markets.You can’t store Bitcoin directly.
Work with lots of dApps.

We picked MetaMask as the best crypto wallets for Ethereum because it’s easy to use and lets you quickly access lots of tokens and decentralized apps on the Ethereum network.

MetaMask is one of the most widely used Ethereum wallets, with over 30 million monthly active users. This may be due to its ease of use and accessibility: The wallet has an attractive and straightforward design for beginner investors looking to store and send Ethereum-compatible cryptocurrencies and interact with dApps.

MetaMask works well with different blockchain systems. You can add almost any blockchain network to the app, and it fully supports popular Web3 networks like Polygon, BNB Chain, and Avalanche. With MetaMask, you can access popular NFT marketplaces like OpenSea and trade various collectibles.

You can get the wallet as an add-on for Google Chrome, Microsoft Edge, Mozilla Firefox, or Brave browsers. You can also get the MetaMask app on your Android or Apple phone.

Other Important Points

  • The software is made using open-source code, so developers and security experts can check it for security.
  • User account details are encrypted and kept on users’ devices, not on Metamask’s servers, giving users full control of their private keys.
  • Users can easily switch between different Web3 solutions on different layers.

TrustWallet is perfect for your phone

ProsCons
You can use many types of coins and tokens.Binance owns it, but they’ve had problems with rules in the U.S.
You can earn interest on 12 different cryptocurrencies.There aren’t many learning materials about coins and tokens.
The interface is simple and easy to use.
It has a built-in Web3 browser.

We picked Trust Wallet as the best crypto wallets for mobile because it has a simple and easy-to-use app, supports dApps and NFTs, and can hold the most types of assets compared to other wallets we looked at.

Trust Wallet is a well-liked app for storing cryptocurrency on your phone. It’s the official app of Binance, a top cryptocurrency exchange. Even though it’s connected to Binance, Trust Wallet doesn’t hold onto your private keys. You have to keep them safe yourself.

One big benefit of the wallet is that it works with more than 70 different blockchains. That’s why it can hold lots of digital coins and tokens, over 4.5 million in total, which is the most compared to other wallets on our list.

Trust Wallet is a good choice for people who like NFTs and decentralized apps on their phones. It has a special browser inside for Web3, so you can use dApps and blockchain games right in the app. With this, you can easily buy NFTs, check them out, and keep them safe using the built-in exchange, all without switching apps.

Other Important Points

  • Users can purchase many tokens using a debit or credit card through Binance DEX.
  • This wallet is highly rated on both Apple and Google app stores for cryptocurrencies.

Electrum is the top choice for Bitcoin on your Computer

ProsCons
Quick and simple to set up.The setup and how you use it aren’t great for beginners.
More secure than other hot wallets.You can’t get help through chat, email, or phone.
You can choose your transaction fees.
Wallets stay online because of server settings.

We picked Electrum as the best Bitcoin wallet because it has strong security features and can be customized a lot.

Electrum started in 2011 and is now one of the oldest and most famous crypto wallets. It only works with Bitcoin, which it’s designed specifically to handle.

The wallet has strong security features like 2FA, checking transaction proof, and supporting multi-signature wallets. Also, users can choose how fast they want their transaction to go by paying higher fees for quicker processing.

The wallet has a big advantage because it uses a light client, which is quick to set up and takes up less space on your computer compared to regular wallet programs. It uses simple payment verification (SPV), which means it only downloads parts of the blockchain, making transactions faster while still keeping everything secure.

Other Important Points

  • The wallet’s code is open for people to check, which builds trust with users.
  • It works with regular accounts and HD accounts.
  • It also connects with hardware wallets like KeepKey, Ledger, and Trezor for safe storage.

BlueWallet is the best Bitcoin wallet for your phone

ProsCons
Easy-to-use modern design.There’s no two-step verification.
Works with both regular and fast transactions.Fancy tools might have tutorials inside the app.
Make new wallets or bring in existing ones.
Use multi-signature vaults for extra safety.

We picked BlueWallet as the top Bitcoin wallet for mobile because it has lots of features on its mobile app, an easy-to-use interface, and works with the Lightning Network.

BlueWallet is a great option for Bitcoin traders who find complex desktop software hard to use or don’t want to use it. It’s like Electrum because they’re both Bitcoin wallets, so they can concentrate on making Bitcoin better without distractions.

The wallet is easy for beginners to use, with a friendly interface. However, it also has extra features that experienced users might like. Besides sending, receiving, and storing BTC, BlueWallet lets users send multiple transactions at once and choose their fees.

BlueWallet has a great feature: it works with the Lightning Network, which speeds up peer-to-peer payments compared to regular Bitcoin transactions. You can picture the Lightning Network as a fast lane built on top of the regular Bitcoin system.

Other Important Points

  • Watch-only wallets allow users to monitor their cold storage without using their private key.
  • Plausible deniability is a feature in BlueWallet that lets users set up a different password to decrypt a “fake” wallet.

Exodus is ideal for desktop computers

ProsCons
Works with more than 260 different cryptocurrencies.Expensive fees for buying and selling crypto within your wallet.
Works with Trezor One and Trezor T hardware wallets.Some users might not like that there’s no built-in double security check.
Let people purchase Bitcoin using Apple Pay.It doesn’t offer the option for multiple people to authorize transactions.
Offers customer support all day, every day.

We chose Exodus as the top crypto wallet for desktops because it’s fast, easy to use, and has lots of useful features.

At first, Exodus was only for desktop computers. Now, it also works on iPhones and Android phones and can be used with Trezor, a well-known hardware wallet. However, the main focus is still the desktop version, which you can use on Windows, Linux, and Mac computers. They update it every two weeks.

Exodus Wallet is popular because it supports over 260 different cryptocurrencies and NFTs, which is more than many other wallets. It includes well-known ones like Ether, Litecoin, XRP, and Bitcoin Cash, as well as trendy meme coins such as Dogecoin and Shiba Inu.

The wallet not only looks good and is easy to use, but it also has more and more apps that make it do different things. For example, there are apps for showing live charts, putting crypto in staking, and making crypto deposits.

Other Important Points

  • You can set your fees for sending Bitcoin, Ethereum, and ERC20 tokens.
  • It works on a light client, so it verifies payments easily without needing to download the entire blockchain, making transactions faster.

Crypto.com is the top choice for decentralized finance (DeFi) wallets

ProsCons
Pick the trading fee and speed you like.If you lose your private key and recovery phrase, you can’t access your funds.
Trade over 250 coins like BTC, ETH, CRO, ATOM, DOT, and LTC.The built-in token swap may not be available everywhere.
Also, earn interest in more than 25 cryptocurrencies.

We picked Crypto.com as the best DeFi crypto wallet because it offers many DeFi tools, a great sign-up process, and strong security.

The Crypto.com DeFi Wallet is a great option for people new to decentralized finance. DeFi wallets let users have full control over their digital money and private keys. They offer special features like direct crypto exchanges and tools for earning passive income with cryptocurrencies, which regular wallets don’t have.

Like other exchanges that offer both types of wallets, it’s crucial to understand the difference between them. You can get the Crypto.com DeFi Wallet and use it for your regular crypto tasks without needing to sign up for an account on Crypto.com’s exchange.

Consumers need to know that decentralized finance products and services have big risks and should be used carefully.

Other Important Points

  • You can use extra security like fingerprints, two-step verification, and special technology on iPhones.
  • You can make many digital wallets and add existing ones.
  • Also, you can link up with other apps using WalletConnect.
Best Crypto Wallets
Best Crypto Wallets

KeepKey is the top choice for people who are new to cold wallets

ProsCons
An affordable hardware wallet.Limited types of other companies’ connections are available.
Works with more than 7,200 cryptocurrencies.Weighs more than products priced similarly.
The screen can show QR codes.
The digital screen is easy to see and use.

We picked KeepKey as the top cold wallet for beginners because it’s cheap and has a clear digital screen.

KeepKey is priced at $78 and comes with free shipping. It provides strong security and many useful features at a good price. The wallet’s main benefits are control and visibility. It has a big screen that makes transactions clear, and each transaction needs manual approval by pressing a button on the device.

KeepKey takes security seriously. It has a PIN for protection, supports extra passphrases, and can make many wallet addresses on one device. Plus, it’s safe from viruses and malware because it doesn’t use a regular operating system.

Other Important Points

  • It works with over 7,200 types of cryptocurrencies on 348 blockchain networks.
  • Also, it can be used with popular dApps such as UniSwap, OpenSea, Aave, and Yearn.finance.

Ledger Nano S Plus is the best hardware wallet for cryptocurrency

ProsCons
You can put 100 apps on your device together.It Costs more than its basic wallet version.
You can trade crypto straight from the Ledger Live app.The custom operating system cannot be freely accessed or modified.
Confirm transactions with just 2 button clicks.
It works with 50 other hardware wallets.

We chose the Ledger Nano S Plus as the top crypto hardware wallet because it supports many different assets, has strong security, and lets you trade using the Ledger Live app.

Ledger is a famous brand in the crypto world. They make hardware wallets that many crypto fans like. Their products are special because they use a Secure Element chip, similar to the chips in passports and credit cards, to add more security.

In April 2022, the Nano S wallet got better and became the Nano S Plus. It had a nicer display, more storage space, and a USB-C port. This upgrade made the Nano S even more appealing compared to the Nano X.

The wallet is priced at $80, which is a good middle ground between cheaper and more expensive options. It’s compact, measuring 2.5 x 0.69 x 0.32 inches, and has a small screen that makes it easy to carry and use your apps.

Other Important Points

  • The first and only hardware wallet like it got certified for security by a government agency (for Ledger, it’s ANSSI, the French cyber security agency).
  • The Ledger Live app lets you watch, lend, and stake crypto, as well as buy and sell digital assets.

SafePal is the top choice for a hybrid cryptocurrency wallet

ProsCons
You can choose between software and hardware wallets.Hardware integration is limited to the SafePal hot wallet
It works with over 30,000 different cryptocurrencies.Limited battery life could be a cause for concern
Cold wallets have a warranty for one year.
The basic wallet costs only $49.

We chose SafePal as the best hybrid crypto wallet because its software and hardware work together really well.

SafePal offers two options: you can use either their digital wallet app or browser extension, or you can opt for their physical cold wallet models. If you have both, you get more features and flexibility.

SafePal is very flexible because it can be used in over 15 languages and supports 30,000+ digital assets on more than 100 blockchains. Its wallets can also connect to Web3, letting users use dApps, trade NFTs, and try DeFi projects, among other things.

The SafePal S1, the company’s cheapest model, stands out because it uses air-gapped signing methods to keep your crypto transactions safe from online dangers. With the air-gapped signing, you can sign transactions without needing cables, Bluetooth, or WiFi connections.

Other Important Points

  • The SafePal S1 has a simple design with a big color screen, a QR code scanner, and a D-pad controller.
  • It comes with a Binance API for trading and staking built-in, and it also offers real-time K-line tracking.

FAQs of Best Crypto Wallets

What are the best crypto wallets?

A good crypto wallet should be simple to use and allow you to store many types of coins and tokens. Hot wallets need to have strong security features, like using more than one way to verify your identity, and they shouldn’t charge high fees. Cold wallets should be affordable and work well with different hot wallets for trading.
Based on our research, some of the top crypto wallets include Coinbase Wallet, Ledger Nano S, Exodus, and Trust Wallet. For Bitcoin specifically, Electrum and BlueWallet are among the best options.

How to get a Crypto Wallet

To get a “hot” or software wallet, you download the software to your phone or computer. For custodial wallets, you also sign up on the wallet’s website or app.
To get a “cold” or hardware crypto wallet, you buy it online. When it comes, you set it up before using it.

What is a fiat wallet?

A fiat wallet is like a digital pocket where you can store your regular money, like dollars, euros, or pounds, on your computer or phone. It’s not like gold or silver because it’s money issued by the government. In the USA, many crypto exchanges have these wallets, so you don’t have to wait to put your regular money into the exchange.

What crypto wallet should I use?

If you’re a pro at crypto and want to trade certain coins, find a wallet that focuses on those coins. But if you’re new, we suggest using Coinbase Wallet or Trust Wallet, which are great for beginners and mobile users.

What is the safest crypto wallet?

For the safest way to store your cryptocurrency, you need a wallet that keeps your keys safe. This means using features like two-factor authentication and multi-signature support. If safety is your priority, we suggest using our top hardware wallet, the Ledger Nano S, because cold wallets like this offer higher security than hot wallets.

Ruby Currency

Discover the latest in cryptocurrency, blockchain, NFTs, and the Metaverse with our expert content writer. Decoding complex concepts and delivering insightful content, we guide you through the digital frontier.

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