Top 3 most secure crypto wallets worth looking
Many people overlook where they hold their crypto. It’s crucial that if you plan on buying, holding, or even trading crypto you choose a safe wallet to keep your funds secure. So, in this article, we will cover the best crypto wallets you can use to hold crypto.
With crypto wallets, there’s a term called private key that only you have. When you buy crypto on exchanges and keep them there you don’t get your own private key – the exchange has it. If the exchange ever gets hacked, which has happened multiple times to pretty big exchanges, your crypto can be stolen. if you trade crypto, you have to keep it in the exchange but for the cryptos that you plan on holding for long periods of time, it’s best you put them in wallets that are secure and where you only have access to your private keys.
Here are the top 3 most secure crypto wallets:
Ledger Nano X and Ledger Nano S – This is a hardware wallet specifically designed and encrypted for the storage of cryptocurrencies. You set up a four-digit pin that acts as your private key. Ledger has been in the game for a really long time and customers have never faced any hacks or problems. Ledger also supports over 1800 different tokens. Ledger also has Ledger Live which is their app that connects to your wallet. You can buy and sell crypto, exchange crypto and also stake crypto in the app. When you set up ledger wallets, you get a 24-word recovery phrase, which you can use to recover your crypto in case anything happens so it’s crucial that you store this phrase safely and securely because if anyone gets their hand on it they have full access to your crypto.
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Exodus – The best beginner-friendly, non-custodial wallet is Exodus. Exodus is a free software wallet that can be installed on your computer or mobile phone. Unlike a hardware wallet, it works online. You download their app and the wallet is yours the best part is it’s completely free to use and it’s probably the best wallet for beginners. It’s beautifully designed, intuitive to use and it supports over 100 cryptocurrencies and tokens. Exodus allows you to trade coins from within the wallet and earn interest on your crypto holdings. Its main disadvantage is that it’s not open-source, meaning its code isn’t publicly visible and therefore doesn’t get reviewed by community members to evaluate its quality.
Trezor One – If you’re looking for an affordable alternative to the Nano X we would suggest the Trezor One. At less than half the price of the Nano X, the Trezor One is a battle-tested, open-source, intuitive hardware wallet that supports a wide variety of coins. Its main downside is that it doesn’t support XMR, XRP, or EOS.