For serious crypto traders, a non-custodial wallet is the way to go, granting full control and ownership of your digital assets. While hot wallets offer convenient access, cold wallets excel in security for long-term storage. The best hot wallets seamlessly integrate into your mobile or desktop workflow with robust security measures, while the finest cold wallets prioritize a compact, user-friendly design at an affordable price point.

It’s important to note that some users seeking “crypto wallets” might actually be looking for a crypto exchange. That’s why we’ve included Public.com in this comparison table. If your primary goal is to learn about buying and selling cryptocurrency, including the advantages and disadvantages of centralized versus decentralized exchanges, we recommend checking out our article on the Best Crypto Exchanges.

The Newest 11 Best Crypto Wallets for September 2024

Best Hot Wallets of September 2024

1 Coinbase Wallet – Best for Beginners

Pros:

• User-friendly interface with easy navigation
• Supports over 100,000 digital assets
• Offers multi-signature and two-factor authentication for enhanced security
• Backed by a reputable trading platform with a history of recovering lost or stolen assets

Cons:

• Shares similar security vulnerabilities as other hot storage options
• Primarily available on mobile and tablet devices, with a Chrome extension as an exception

Why we chose it:

Coinbase Wallet is our top choice for beginner users due to its intuitive interface and strong security features, backed by a well-known exchange. Its user-friendly design, featuring a simple three-tab layout and clear functions, makes it easy to navigate. The app seamlessly connects to major bank accounts and supports popular cryptocurrencies like Bitcoin, Litecoin, Dogecoin, BNB, and all ERC-20 and EVM-compatible tokens.

Key distinctions:

It’s crucial to differentiate between the Coinbase exchange and the Coinbase wallet. While the exchange is a leading platform for trading cryptocurrencies, storing assets in its web wallet exposes them to heightened cybersecurity risks. The Coinbase wallet, on the other hand, is non-custodial, meaning you retain control of your private keys. This ensures your funds are not susceptible to website attacks or lockups.

Additional features:

• Utilizes the Secure Enclave chip for biometric authentication on supported devices
• Provides direct access to decentralized exchanges for token conversions without intermediaries
• Offers optional cloud backups to safeguard your digital keys

2. MetaMask – Best for Ethereum

Pros:

• User-friendly interface on both browser extension and app
• Seamless integration with NFT marketplaces
• Supports a vast array of decentralized applications (dApps)

Cons:

• Potentially high fees for purchasing Ether
• Incompatibility with direct Bitcoin storage

Why we chose it:

MetaMask stands out as the premier wallet for Ethereum due to its intuitive interface, offering swift and effortless access to thousands of tokens and dApps within the Ethereum ecosystem. With over 30 million monthly active users, MetaMask is a widely adopted Ethereum wallet. Its straightforward design caters to both beginner and experienced investors, enabling them to store, send, and interact with Ethereum-compatible cryptocurrencies and dApps. Available as a mobile app or a browser extension, MetaMask seamlessly integrates into your digital workflow.

Beyond Ethereum:

MetaMask extends its capabilities beyond Ethereum. Users can add virtually any blockchain network to the app, ensuring compatibility with popular Web3 networks like Polygon, BNB Chain, and Avalanche. Moreover, the wallet provides direct access to renowned NFT marketplaces like OpenSea, facilitating the trading of various collectibles.

Security and Privacy:

Built on open-source code, MetaMask undergoes rigorous review by developers and security experts to maintain its integrity. Your account information remains encrypted and stored locally, ensuring complete control over your private keys. MetaMask’s servers never handle your sensitive data. Additionally, the wallet enables quick switching between layer one and layer two Web3 solutions for optimized performance and cost-efficiency.

3. TrustWallet – Best for Mobile

Pros:

• Supports a vast array of coins and tokens
• Offers interest on 24 different cryptocurrencies
• Boasts a simple and user-friendly interface
• Features a built-in Web3 browser

Cons:

• Owned by Binance, which has faced regulatory challenges in the U.S.
• Limited educational resources on coins and tokens

Why we chose it:

Trust Wallet stands out as the best mobile crypto wallet due to its clean, scannable interface, seamless integration with dApps and NFTs, and unparalleled support for an extensive range of digital assets. As the official mobile app of Binance, a leading cryptocurrency exchange, Trust Wallet offers a popular and secure mobile solution for managing cryptocurrencies. Despite its association with Binance, the wallet remains non-custodial, ensuring you maintain complete control over your private keys.

A Universe of Crypto:

Trust Wallet’s greatest strength lies in its exceptional compatibility with over 100 blockchains. This enables it to store an astonishing variety of digital assets, encompassing over ten million coins and tokens, the largest number on our list.

NFTs and dApps at Your Fingertips:

For NFT and decentralized app enthusiasts, Trust Wallet is a mobile haven. Its built-in Web3 browser empowers users to access dApps and blockchain games directly within the app. This feature simplifies the NFT buying process, allowing users to explore, purchase, and store tokens through the integrated decentralized exchange, all without leaving the app.

4. Electrum – Best Desktop Bitcoin Wallet

Pros:

• Rapid and straightforward setup
• Enhanced security compared to other hot wallets
• Customizable transaction fees
• Ensures wallet uptime through robust server configurations

Cons:

• Less beginner-friendly setup and interface
• Lacks customer support via chat, email, or phone

Why we chose it:

Electrum stands out as the premier Bitcoin wallet due to its comprehensive security features and high level of customization. Established in 2011, Electrum is one of the oldest and most respected crypto wallets in the industry. As a Bitcoin-specific wallet, Electrum is uniquely equipped to support the Bitcoin network.

Security First:

The wallet boasts a range of robust security features, including 2FA, transaction proof checking, and multi-signature wallet support. Additionally, users can tailor transaction fees based on their preferred waiting time, enabling faster transactions with higher fees.

Efficiency and Lightweight:

One of Electrum’s standout features is its use of a light client, which can be set up in minutes and occupies minimal space on your computer. By employing simple payment verification (SPV), the wallet downloads only essential parts of the blockchain, accelerating transactions without compromising security.

5. BlueWallet – Best Mobile Bitcoin Wallet

Pros:

• Modern design with an intuitive user interface
• Supports both on-chain and Lightning Network transactions
• Allows for creating or importing multiple wallets
• Offers multi-signature vaults for enhanced security

Cons:

• Lacks two-factor authentication
• Advanced tools could benefit from in-app tutorials

Why we chose it:

BlueWallet stands out as the best Bitcoin wallet for mobile due to its comprehensive feature set, user-friendly interface, and seamless integration with the Lightning Network. It’s a perfect choice for Bitcoin traders who prefer a more accessible mobile experience compared to complex desktop software. Similar to Electrum, BlueWallet is dedicated solely to Bitcoin, enabling it to focus on innovations and improvements within the Bitcoin ecosystem.

Beyond the Basics:

While the wallet’s interface is welcoming to beginners, it also offers a range of advanced features for experienced users. In addition to standard functions like sending, receiving, and storing BTC, BlueWallet empowers users to send batch transactions and customize transaction fees.

Lightning Fast Payments:

One of BlueWallet’s key advantages is its integration with the Lightning Network, a layer two solution that significantly speeds up peer-to-peer Bitcoin payments compared to the traditional blockchain. Imagine the Lightning Network as an expressway built on top of the Bitcoin highway.

6. Exodus – Best for Desktop

Pros:

• Supports over 270 cryptocurrencies natively
• Compatible with Trezor One and Trezor T hardware wallets
• Enables Bitcoin purchases using Apple Pay
• Offers 24/7 customer support

Cons:

• High transaction fees on the built-in crypto exchange
• Lack of native 2-factor authentication may be a concern for some users
• No multi-signature support

Why we chose it:

Exodus stands out as the best crypto wallet for desktops due to its rapid transaction speeds, user-friendly interface, and versatile functionality. Initially a desktop-only wallet, Exodus has expanded to iOS and Android, while also remaining compatible with Trezor hardware wallets. However, the desktop application, available across Windows, Linux, and Mac, remains its core offering and receives regular bi-weekly updates.

A Vast Cryptocurrency Universe:

One of Exodus Wallet’s primary attractions is its extensive support for over 100,000 crypto assets, surpassing many other hot wallets. This includes well-established altcoins like Ether, Litecoin, XRP, and Bitcoin Cash, as well as popular meme coins like Dogecoin and Shiba Inu. 

Beyond the Basics:

Aside from its visually appealing and intuitive interface, the wallet features a growing suite of apps that enhance its functionality. These include apps for live charts, crypto staking, and crypto deposits.

7. Crypto.com – Best DeFi Wallet

Pros:

• Customizable transaction fees with adjustable confirmation speeds
• Supports over 350 coins, including major players like Bitcoin (BTC), Ethereum (ETH), Cosmos (ATOM), Polkadot (DOT), and Litecoin (LTC)
• Earn interest on a diverse range of over 25 cryptocurrencies

Cons:

• Loss of private key and recovery phrase results in inaccessible funds
• Built-in token swap functionality may be subject to geographical restrictions

Why we chose it:

Crypto.com DeFi Wallet takes the crown for the best DeFi crypto wallet. It excels with its comprehensive suite of decentralized finance tools, a smooth onboarding process, and robust security measures. This wallet is the perfect gateway for users venturing into the world of DeFi.

DeFi Power in Your Hands:

DeFi wallets empower users with complete control over their digital assets and private keys. Unlike standard custodial wallets, DeFi wallets offer unique features like peer-to-peer token swaps and tools to earn passive income on owned cryptocurrencies.

Understanding Custodial vs. Non-Custodial:

Similar to other platforms offering both custodial and non-custodial wallets, it’s crucial to differentiate between the two. The Crypto.com DeFi Wallet can be downloaded and used for everyday crypto activities independently of an account on the Crypto.com exchange platform.

Important Note:

It’s vital to be aware of the inherent risks associated with decentralized finance products and services. Users should approach DeFi with prudence and a thorough understanding of the potential consequences.

8. Zengo – Best MPC Wallet

Pros:

• Multi-chain wallet supporting over 120 cryptocurrencies and NFTs
• Enhanced security with keyless architecture, eliminating a single point of failure
• Flexible funding options including credit, debit, bank transfer, and Apple Pay
• 24/7 in-app customer support

Cons:

• Relies on a central server for Multi-Party Computation (MPC)
• Higher transaction fees for crypto swaps

Why we chose it:

Zengo stands out as a top choice for its extensive cryptocurrency and staking support, robust security measures, and pioneering adoption of MPC technology for consumer wallets. Unlike traditional wallets that rely on a single private key, Zengo employs a two-party control system, dividing control between the user and its servers. This MPC-based approach ensures that even if one party is compromised, funds remain secure.

A New Era of Security:

Zengo’s innovative seedless phrase system addresses a major pain point in cryptocurrency security. Users no longer need to worry about losing a crucial piece of paper that holds their financial future. The MPC model distributes risk, while biometric authentication adds an extra layer of protection while maintaining a simple login process.

Best Cold Wallets of September 2024

9. KeepKey – Best Cold Wallet for Beginners

Pros:

• Reasonably priced hardware wallet
• Supports over 7,000 crypto assets
• Device display supports QR codes
• Clear and user-friendly digital display

Cons:

• Limited variety of third-party integrations
• Heavier than similarly priced competitors

Why we chose it:

KeepKey stands out as the best cold wallet for beginners due to its affordable price and easy-to-read digital display. At $78 with free shipping, KeepKey offers robust security and a comprehensive feature set at a relatively low cost. The wallet’s standout features are control and visibility. Its large display ensures clear confirmation of each transaction, requiring manual approval using the device’s confirmation button.

Uncompromising Security:

KeepKey prioritizes security, featuring PIN protection against unauthorized access, support for additional passphrases, and the ability to create unlimited wallet addresses on a single device. Unlike traditional wallets that rely on operating systems, KeepKey is immune to viruses, malware, and key loggers, providing an added layer of protection.

10. Ledger Nano S Plus – Best Hardware Crypto Wallet

Pros:

• Install up to 100 apps simultaneously
• Buy and sell crypto directly through the Ledger Live app
• Verify all transactions with a simple two-button process
• Compatible with over 50 other hardware wallets

Cons:

• Pricier than its original entry-level model
• Custom operating system is not open source

Why we chose it:

The Ledger Nano S Plus stands out as the best overall crypto hardware wallet due to its extensive asset support, robust security framework, and trading capabilities offered through the integrated Ledger Live app. Ledger, a renowned brand in the crypto space, has established a strong reputation for its hardware wallets, which are popular among crypto enthusiasts. The wallets’ standout feature is the utilization of a Secure Element component, a type of chip commonly found in passports, credit cards, and payment systems, providing an extra layer of security.

An Upgrade from the Classic:

The Nano S Plus, an upgrade to the original Nano S, boasts an improved display, significantly increased storage capacity, and a USB-C cable port. This enhancement makes the Nano S Plus even more appealing compared to its larger counterpart, the Ledger Nano X, while still maintaining an attractive price point.

11. SafePal – Best Hybrid Crypto Wallet

Pros:

• Offers both software and hardware wallet options
• Supports over 10,000 crypto assets
• Provides a 1-year warranty for cold wallets
• Features an affordable entry-level wallet at $49.99

Cons:

• Limited hardware integration with the SafePal hot wallet
• Potential battery life concerns

Why we chose it:

SafePal stands out as the best hybrid crypto wallet due to its seamless integration between software and hardware solutions. It offers users the flexibility to choose between the brand’s hot or cold wallet options, available as a wallet app, browser extension, or hardware wallet models. Combining both solutions provides an added layer of functionality and flexibility.

A Global Reach:

SafePal’s versatility extends beyond its hybrid nature. It supports over 15 languages and 10,000+ digital assets across more than 100 blockchains. Its wallets are Web3-enabled, allowing users to engage with dApps, trade NFTs on various marketplaces, and delve into DeFi projects, among other activities.

Other crypto wallets we considered

Trezor: Despite its strong reputation and security features, Trezor didn’t make our top list due to limitations in supported currencies and build quality compared to other cold wallets. However, it remains a viable option for those using Exodus as their primary hot wallet.

Atomic Wallet: While offering a range of advantages like multi-chain support and decentralized exchanges, Atomic Wallet’s features were outmatched by other wallets in our evaluation.

Coinomi: As one of the oldest multi-chain wallets, Coinomi boasts strong security and a vast number of supported assets. However, its lack of two-factor authentication and closed-source code limited its ranking.

Guarda: A user-friendly wallet with a wide range of supported assets, Guarda is a solid choice. However, its high in-app purchasing fees and lack of standout features prevented it from making our top list.

In conclusion, the choice of cryptocurrency wallet ultimately depends on individual needs and preferences. Factors such as security, ease of use, supported cryptocurrencies, and additional features should be carefully considered.

A Guide to Cryptocurrency Wallets