Best Bitcoin and Crypto Wallets for September 2022 (2022)

Unlike your old-fashioned physical wallet that keeps your bills and coins, a crypto wallet doesn't actually hold your cryptocurrency like bitcoin and ether. Instead, it contains the passkeys you need to prove ownership of your crypto assets and access them on the blockchain.

Crypto wallets can take the form of external hardware devices or software that runs on your mobile device or computer. And while their primary function is to keep your crypto safe and allow you to make trades, they also offer more control over your digital currency than you'll get using a standard account at a crypto exchange or brokerage.

Some brokerages and payment services likeRobinhood,PayPal,Venmoand Cash App let youbuy bitcoin and other crypto easily without a crypto wallet. These services store your digital currency for you in their own "custodial" wallets, which means you're trusting the company to secure, protect and hold your crypto. Ultimately, they have control, and you'll need to trust them to act on your behalf.

Unless you're making daily crypto trades or have only a modest amount of money invested in crypto, we recommend you don't store your crypto in a custodial wallet. Best practices for holding crypto include purchasing a hardware wallet for offline storage. Your next best option is a "noncustodial" software wallet or app. We'll look at both options here in an effort to help you find the best crypto wallet for your own situation.

Best bitcoin and crypto wallets

Best Bitcoin and Crypto Wallets for September 2022 (1)

Coinbase, which went public in April, is the best known cryptocurrency exchange in the US. The company makes it easy to tradewell-known cryptocurrenciesfrom bitcoin to dogecoin, and has its own Visa-backed debit card that integrates with Apple Pay and Google.

If you're new to cryptocurrency, the Coinbase Wallet is a good place to start. It can be downloaded as an app for Android or iOS, the interface is intuitive and the wallet is fully integrated with the company's exchange, which makes it easy to conduct transactions -- including purchasing coins and tokens with traditional currency.

Unlike the company's exchange, the Coinbase Wallet is noncustodial; that means that only you have access to your wallet's private key, which is generated with a 12-word recovery phrase when you sign up. Note that there's a difference between storing your cryptocurrency on Coinbase's exchange, which is custodial, and the wallet, which is not. But the integration between them makes it fairly simple to transfer funds back and forth.

Best Bitcoin and Crypto Wallets for September 2022 (2)
(Video) Best Cryptocurrency Wallets of 2022 (in 2 minutes)

Trezor via Amazon

Trezor's new user interface,Trezor Suite, just came out earlier this month, replacing the company's Wallet Web app. This analysis reflects our initial impression of a new product, therefore. But Trezor has been around for quite some time,established back in 2011as a subsidiary of Czech-based SatoshiLabs.

The $255 Model T is Trezor's second-generation hardware wallet, and it comes with many of the same features as the Ledger Nano X, detailed below. One major difference is that Trezor's software is completely open-source, which affords some additional protection -- theoretically, at least: The code that powers the wallet is available for scrutiny, and, the thinking goes, sunlight is the best disinfectant.

Trezor Suite is designed to run natively on your desktop, which generally provides greater security than a web-based app, though you can also access Trezor Suite through the company's website. Trezor wallets currently supportmore than 1,800 coins and tokens, and you can make transactions directly in Trezor Suite with the company's integrated exchange.

Shaped like an old-school stopwatch, the Model T comes with a touchscreen and a USB cable to connect to your computer; it also features a microSD card if you want to add encrypted storage directly to your hardware wallet. It does not feature Bluetooth support, however -- an omission that some security advocates prefer, as Bluetooth connectivity could be an attack vector for hackers to exploit.

Best Bitcoin and Crypto Wallets for September 2022 (3)

Ledger

The Nano X is Ledger's second-generation cold storage wallet. The integrated Ledger Live platform, which is easy to learn and use, supports more than 5,500 coins and tokens including bitcoin, ether and XRP. The wallet can be connected to your computer via a USB cable and Android and iOS mobile devices via Bluetooth -- a connection the Model T lacks.

The device is sturdy and features a small LED screen. To start, you'll set up a PIN, then a 24-word seed phrase. The seed phrase acts as your wallet's private key. Just like other wallets, as long as you keep the private key safe, you won't lose your crypto assets -- even if you lose your wallet.

(Video) Top 3 Cold Wallets! (Best Places to HODL Bitcoin!)

It's important to note that Ledger suffered a data breach in July 2020, which resulted in the theft of some customers' personal data -- but, significantly, not their crypto assets. No private keys to wallets were taken, but there werereports of customers receiving phishing emails and other scamming threats afterwards. That noted, Ledger has long been a trusted name in the crypto world, but the data breach is a good reminder to be careful online -- especially when it comes to dealing in crypto assets.

Best Bitcoin and Crypto Wallets for September 2022 (4)

Exodus

Exodus is a hot wallet, which means it's a software wallet that's connected to the internet; but it's noncustodial, which means that only you have access to your private key -- a 12-word password phrase that protects access to your crypto assets.

The Exodus wallet is designed to run on Mac, Windows and Linux computers, though there's a companion app available for Android and iOS devices. The desktop user interface is slick and easy to learn. Your wallet is seamlessly integrated into the Exodus exchange, so it's easy to make transactions.

Exodus supports more than 260 types of cryptocurrency including bitcoin, ether, tether USD and dogecoin. But the exchange has some noteworthy limits: If you want to purchase crypto with US dollars and store it in the Exodus wallet, you'll need to first purchase the asset on a centralized crypto exchange, such as Coinbase, and then transfer the assets to Exodus. The app version allows purchases of bitcoin with US dollars. And once you have an asset in your wallet, it can be easily exchanged for other supported assets. While the wallet itself is free to use, Exodus charges a fee for transactions made via its exchange.

Hot storage wallets are generally considered less secure than cold storage wallets, and some Exodus users may eventually want to upgrade to cold storage. The good news: Exodus is fully compatible with Trezor's One and Model Thardware.

Best Bitcoin and Crypto Wallets for September 2022 (5)

Mycelium

(Video) top 10 crypto wallets 2022 | Bitcoin | Jalandara crypto

Mycelium has been around since the beginning of the crypto era, and the Mycelium wallet is one of the oldest and best-known bitcoin wallets. This is a mobile-only wallet -- there is currently no desktop version -- that supports both Android and iOS.

The Mycelium wallet has an appealingly simple interface but it supports fewer kinds of crypto than others profiled here: You can send and receive bitcoin, ether and ERC-20 tokens such as tether USD, USD coin and binance USD -- but not the hundreds of esoteric coins that have been developed over the past few years. You can buy and sell bitcoin directly in the app, and Mycelium lets you buy bitcoin with regular fiat currency.

The Mycelium wallet is noncustodial, so you'll have sole access to your private key and PIN. This wallet is also the only hot storage wallet on our list that's completely open-source. Though there are security advantages in that, it also comes with limited tech support options; basically, if you get stuck, you can submit a help ticket to the email address listed at the bottom of the webpage.

For more advanced users, Mycelium supports QR codes, allows you to set custom transaction fees and offers compatibility with hardware wallets from Trezor, Ledger and KeepKey.

Best bitcoin and crypto wallets, compared


Best for beginners Best for security Best balance between accessibility and security Best for desktop Best for mobile users
Wallet Coinbase wallet Trezor Model T Ledger Nano X Exodus Mycelium
Wallet price Free $280 $149 Free Free
Offline storage No Yes Yes No No
Custodial No No No No No
Mobile version Yes Compatible with mobile app Compatible with mobile app Compatible with mobile app Yes
How many supported coins and tokens 11+ 1,800+ 5,500+ 260+ 10+

FAQs

Do I need a crypto wallet?

If you want to invest in cryptocurrency, you should invest in a wallet. That noted, if you're just dipping a toe, services such as PayPal and Robinhood allow you to buy a coin or fractions of a coin and store it on their servers. These are custodial wallets, however, where you don't hold the private key. We recommend noncustodial wallets for long-term cryptocurrency users and investors.

How much money do I need to open a crypto wallet?

It depends. Hardware-based wallets generally cost between $100 and $200, though many software-based wallets are free. Most don't require you to actually own any cryptocurrency.

Which wallet is best for beginners?

If you've never used cryptocurrency before, we recommend Coinbase Wallet. Coinbase is a well-known, US-based crypto exchange that's easy to use, and it works well with Coinbase Wallet.

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Which wallet is best for advanced users?

Today's cold storage wallets can be quickly and easily connected to the internet for fast transactions, so most advanced users nowadays are probably most interested in a cold storage wallet. The hardware wallets sold by Ledger and Trezor are both good options.

What are the risks?

Cryptocurrency is subject to far less regulation than conventional investments and securities. While the lack of oversight is an attractive feature to some investors, it's important to know that bitcoin and other cryptocurrencies are highly volatile, experience dramatic price swings on a daily or even hourly basis and lack many of the protections of other forms of investment. The risks are significant.

Are assets in crypto wallets insured?

While the companies offering crypto wallets may offer some guarantees to customers and users, the Federal Deposit Insurance Corporation does not currently insure digital assets like cryptocurrency. That noted, the environment isevolvingand many government agencies, including the FDIC, are gathering information and considering legislation for the future.

What's the safest crypto wallet?

Cold storage wallets are generally thought of as a more secure way to store cryptocurrency when compared to a hot storage wallet. If you plan to store a large amount of coins or tokens for any length of time, we recommend using a cold wallet.

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The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

FAQs

Which crypto wallet is best 2022? ›

Best Cryptocurrency Software Wallets of 2022
  • Best Overall and Best for Security: Guarda Wallet.
  • Best for Beginners: Exodus Wallet.
  • Best for Bitcoin: Electrum.
  • Best for Mobile: Mycelium.
  • Best for Low Costs: Coinbase Wallet.

Which crypto will go up in 2022? ›

Deposits into DeFi services surpassed $200 billion in 2021, and demand is expected to grow in 2022. Carol Alexander said that investors looking to make gains in smaller areas of crypto will want to watch Ethereum, Solana, Polkadot, and Cardano coins in 2022.

Which crypto should I buy before 2022? ›

The 14 Best Cryptocurrencies to Buy in 2022

Tamadoge - Trending P2E Coin to Buy Now after IEO Pump. Battle Infinity - Up-and-Coming Metaverse and P2E Gaming Ecosystem. Lucky Block - NFT Rewards and Competition Platform. MetaBlaze - New Presale Project Offering Unique Rewards.

What is the best and safest Bitcoin wallet? ›

Best Bitcoin and Crypto Wallets for September 2022
  • Coinbase Wallet. Best for beginners. See at Coinbase.
  • Trezor Model T. Best security features. $255 at Trezor.
  • Ledger Nano X. Good balance between accessibility and security. $149 at Ledger.
  • Exodus. Best for desktop users. See at Exodus.
  • Mycelium. Best for mobile users.
2 Sept 2022

What is safest crypto wallet? ›

The Trezor Model T is among the best, most secure cold wallet options for investors who prioritize security and are willing to pay for it. If security is your primary concern, experts agree a cold storage hardware device can't be beat.

Which crypto has the most potential? ›

1. Dash 2 Trade (D2T) - Overall Highest Potential Cryptocurrency that has Launched on Presale. D2T is Dash 2 Trade's native cryptocurrency, which can be leveraged to gain access to all the trading signals, tools & features of the cryptocurrency platform.

Which crypto will boom in 2023? ›

Solana (SOL) – Next Cryptocurrency to Explode in 2023. Gala (GALA) – Leading P2E Platform crypto could explode this year. ApeCoin (APE) – Popular Pick for the Next Cryptocurrency to Explode in 2023. Cardano (ADA) – Leading Blockchain Network with Rebound Potential.

Which Altcoins will explode in 2022? ›

Promising Altcoins that could Explode in 2022: Big Eyes Coin, Polkadot And XRP - Hindustan Times.

Which crypto to buy in september 2022? ›

10 Best Cryptocurrencies To Invest In 2022
  • Bitcoin (BTC) Market cap: Over $846 billion. ...
  • Ethereum (ETH) Market cap: Over $361 billion. ...
  • Tether (USDT) Market cap: Over $79 billion. ...
  • Binance Coin (BNB) Market cap: Over $68 billion. ...
  • XRP (XRP) Market cap: Over $37 billion. ...
  • Terra (LUNA) ...
  • Cardano (ADA) ...
  • Solana (SOL)
16 Sept 2022

Which crypto wallet is best? ›

Our Top Picks for the Best Crypto Wallets of October 2022
  • Coinbase Wallet - Best for Beginners.
  • MetaMask - Best for Ethereum.
  • TrustWallet - Best for Mobile.
  • Ledger Nano S Plus - Best Crypto Hardware Wallet.
  • Electrum - Best Desktop Bitcoin Wallet.
  • BlueWallet - Best Mobile Bitcoin Wallet.
  • Exodus - Best for Desktop.
4 Oct 2022

Which crypto is the next bitcoin? ›

Ethereum (ETH)

Ethereum, commonly known as ether, is the world's second-largest cryptocurrency behind bitcoin, even outperforming bitcoin at times. Last year, ethereum instituted a major upgrade that included reducing the supply of ether, currently at 122.68 million coins as of Oct. 6.

How do I choose a crypto wallet? ›

Key features to consider when choosing a crypto wallet include security, portability, user-friendly interface, multi-currency support and reputation of the wallet provider.

Which Bitcoin wallet is best in USA? ›

Best Bitcoin Wallets of 2022
  • Best for Hardware Wallet for Security: Trezor.
  • Best for Advanced Bitcoin Users: Electrum.
  • Best for Desktop: Guarda.
  • Best Hardware Wallet for Durability: Ledger.
  • Best for Beginners: Exodus.
  • Best for Mobile: Mycelium.
18 Oct 2022

Where should I keep my crypto? ›

A hardware wallet is the safest option for crypto enthusiasts, although it lacks convenience. If you're only looking to invest and hold a few of the big-name coins, an account with a well-trusted exchange could be a safe and convenient option for storing your crypto.

Who has the largest bitcoin wallet? ›

Bitcoin Rich List
AddressIns
134xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo wallet: Binance-coldwalletBalance:252,597 BTC ($4,916,878,455) Ins:746 Outs:449746
2bc1qgdjqv0av3q56jvd82tkdjpy7gd..vw97 wallet: Bitfinex-coldwalletBalance:168,010 BTC ($3,270,363,049) Ins:101 Outs:78101
17 more rows

Can Coinbase wallet be hacked? ›

Can Coinbase Wallet Be Hacked? Yes, the only way someone could access your funds would be if they had access to your Coinbase account, or in the case of a non-hosted wallet, your private key. For this reason, you mustn't share any login information with anyone else and choose a secure password.

Should I move my crypto to a wallet? ›

As mentioned previously, it is not wise to keep large amounts of cryptocurrency in any hot wallet, especially an exchange account. Instead, it is suggested that you withdraw the majority of funds to your own personal "cold" wallet (explained below). Exchange accounts include Coinbase, Gemini, Binance, and many others.

Which cryptocurrency wallet is best? ›

Our Top Picks for the Best Crypto Wallets of October 2022
  • Coinbase Wallet - Best for Beginners.
  • MetaMask - Best for Ethereum.
  • TrustWallet - Best for Mobile.
  • Ledger Nano S Plus - Best Crypto Hardware Wallet.
  • Electrum - Best Desktop Bitcoin Wallet.
  • BlueWallet - Best Mobile Bitcoin Wallet.
  • Exodus - Best for Desktop.
4 Oct 2022

Should I move my crypto to a wallet? ›

As mentioned previously, it is not wise to keep large amounts of cryptocurrency in any hot wallet, especially an exchange account. Instead, it is suggested that you withdraw the majority of funds to your own personal "cold" wallet (explained below). Exchange accounts include Coinbase, Gemini, Binance, and many others.

How do I choose a crypto wallet? ›

Key features to consider when choosing a crypto wallet include security, portability, user-friendly interface, multi-currency support and reputation of the wallet provider.

Is Coinbase better than trust wallet? ›

Reviewers felt that Coinbase Wallet meets the needs of their business better than Trust Wallet. When comparing quality of ongoing product support, reviewers felt that Coinbase Wallet is the preferred option. For feature updates and roadmaps, our reviewers preferred the direction of Coinbase Wallet over Trust Wallet.

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