A Crypto wallet is a software/hardware application to store your cryptocurrency. However, cryptocurrencies do not exist in any physical shape or form. Crypto can’t technically be stored anywhere except coin wallets. This type of software is easy to use while also being secure and fast.
Coinbase is a hot crypto wallet that can sell, transfer, buy, and store digital currencies. You can store all your NFTs and crypto coins in one place in Coinbase Wallet.
It supports more than 100 countries and more than 35 million people who trust Coinbase to sell, buy, store, and earn cryptocurrency. This Crypto wallet can store digital collectibles and NFTs and supports 500+ crypto assets.
Are my coins secure?
Coinbase Wallet is non-custodial, which means you have access to your wallet’s private key. It is generated with a 12-word recovery phrase on your sign–up. It also provides Two-step verification, Biometric logins, FDIC-insured USD balances, and AES-256 encryption for digital wallets.
What if the exchange is hacked?
Like everything, nothing is perfect. Even FBI headquarters can be hacked/infiltrated. Even with the best security measures, Coinbase was hacked in 2021. The good thing is that they proactively disclosed the event, took steps to prevent future breaches, and reimbursed the victims.
| 👍 Pros | 👎 Cons |
|---|---|
| User-friendly interface | High transaction fees |
| Multi-signature and 2-factor authentication support. | Limited trading types |
| Provide optional cloud backups which can protect your digital keys. |
Key Statistics:
Coins Supported: 500+ cryptocurrencies, including BTC, ETH, LTC, BCH, DOGE, etc.
Type of wallet: Hot storage
Available Countries: 100+ countries like North America, South America, Europe, Asia, Oceania, Africa, etc.
Mobile App: Android and iOS.
Insurance: Coinbase maintains crypto-insurance and all USD cash balances covered by FDIC insurance, up to a maximum of $250,000.
Staking Support: Up to 8% APY in crypto savings
Blockchain Support: It supports various blockchains like Arbitrum, Avalanche C-Chain, BNB Binance Smart Chain, Gnosis Chain, Fantom Opera, Optimism, Polygon, xDai.
Customer Support: Coinbase help page, emailed support, an automated phone system, and a chatbot.
Regulations: Coinbase is also registered as a Money Services Business with FinCEN.
Signup Bonus: $5 For US Citizens
Price: Free
2) Zengo
Best for beginners and intermediate crypto investors who care about their wallet security and like quick purchases.
Coins Supported: 70+ coins, including ETH, BTC, DOGE, USDC, SHIB, etc.
Type of Wallet: Non-custodial
Price: Free
Zengo is the most secure non-custodial wallet in Web3 by removing the private key vulnerability, making it the simplest yet most secure wallet to invest in cryptocurrency. Create an account in less than 60 seconds and be the true owner of your crypto.
ZenGo is the first Web3 wallet with no private key vulnerability, secured by encrypted biometrics. While this technology has been used by billion-dollar institutions for years, ZenGo is the 1st wallet to offer these advanced security features as a crypto wallet. Millions of dollars of NFTs have been lost or stolen because of private key mismanagement. With no private key to lose or steal, ZenGo’s wallet removes the main vulnerability leading to NFT theft – a hacker’s worst nightmare.
ZenGo offers 24/7 in-app customer service with real people and supports 70+ assets, including Bitcoin, Ethereum, and Tezos.
Are my coins secure?
ZenGo’s advanced security makes it very difficult for hackers to access your wallet. When you sign up, you’ll need to use 3FA level security. After that, you’ll need to confirm your registration by clicking the link in your email. Once you have completed those steps, your decryption code will be saved on your cloud storage. Lastly, you will need to set your encrypted biometrics. This wallet also uses MPC-based cryptography technology, making it extremely secure. They have also implemented a guaranteed access solution called “Chill Storage™” that allows you to access your funds in extreme cases.
What if the exchange is hacked?
There are no cases of ZenGo being hacked as their security processes are robust, leveraging 3FA and advanced MPC cryptography. They even organized a competition to invite hackers to hack accounts holding 1BTC. However, having such a high and secure level of security, all the hackers failed to hack into the wallets.
| 👍 Pros | 👎 Cons |
|---|---|
| Allows to sell or buy within the bitcoin wallet app | Limited range of cryptocurrencies |
| Provide 3FA security | Not fully non-custodial crypto wallet |
| Easy to use interface | |
| Earn up to 8% APY on your crypto |
Key Statistics:
Coins Supported: 70+ coins, including ETH, BTC, DOGE, USDC, SHIB, etc.
Type of Wallet: Software wallet
Available Countries: Supports 70+ countries, including the USA, UK, Canada, Germany, Australia, Russia, France, Philippines, Nigeria, India, etc.
Mobile App: Android and iOS.
Insurance: N/A
Staking Support: Earn up to 8% APY on your crypto, stake Tezos and Ethereum via WalletConnect with many partners.
Blockchain Support: Bitcoin, ERC20, BEP2
Customer Support: Live customer support 24/7 directly via the app
Regulations: Regulated by EU laws under GDPR.
Security: Very Secure
Signup Bonus: Get $10 cashback in Bitcoin for a purchase of $200 by applying the code ZENX0B4G
Price: Free
3) Crypto.com
Best for active traders and anyone interested in using crypto as an actual currency and not just for investment.
Coins Supported: BTC, DOGE, DOT, ETH, LTC
Type of wallet: Hot wallet
Price: Free
Crypto.com offers 250+ coins and is one of the fast-growing crypto exchange platforms. It allows users to sell, hold, buy and trade an extensive list of coins and enjoys low trading fees. Besides this, it also offers decentralized exchange, cryptocurrency credit cards, an NFT marketplace, and a standalone crypto wallet.
You can also hold your crypto for a set period of time and earn up to 14.5% interest on it.
Crypto was founded in 2016 in Hong Kong by Bobby Bao, Rafael Melo, Kris Marszalek, and Gary Or. It currently has 10M+ users from 85+ countries
Are my coins secure?
Crypto.com is peer-reviewed and uses static and dynamic source code analysis tools. It uses two-step verification, cold storage, and a rewording bug bounty program.
If you are a U.S. resident, your USD balances are held at Metropolitan Commercial Bank, an FDIC member, and an insured up to $250,000. You will have ownership of those funds means Crypto.com or its creditors can’t claim your fiat funds.
What if the exchange is hacked?
On 18th Jan 2022, Crypto.com was hacked, and around $15 million was robbed. However, the team reassured all the users who lost their money during the robbery and reimbursed them.
| 👍 Pros | 👎 Cons |
|---|---|
| It offers an extensive list of supported cryptocurrencies | Higher fees unless you hold and use CRO |
| Easy to use interface with robust features | Trading fee discounts can be confusing to navigate |
| Support for an ecosystem of cryptocurrency products | |
| There are certain added benefits for staking CRO. |
Key Statistics:
Coins Supported: 250+ cryptocurrencies are available like Bitcoin (BTC), Dogecoin (DOGE), Polkadot (DOT), Ethereum (ETH), and LiteCoin (LTC), and much more.
Type of wallet: Hot wallet
Customer Support: Help page, email, 24/7 live chat
Available Countries: 83+ countries are likely available: Argentina, Austria, Australia, Bahrain, Barbados, Belgium, Bermuda, Brazil, Virgin Islands, British, Bulgaria, Canada, Cayman Islands, Chile, Colombia, Costa Rica, and much more
Mobile App: Android and iOS.
Staking Support: You can earn up to 8.5% interest per year on cryptocurrencies and up to 14.5% interest per year on stablecoins
Blockchain Support: BSC, ERC-20, Arbitrum, AVAXC, BEP2, etc.
Price: Free
There is a plethora of Crypto wallets in the market, and choosing one can be difficult. Following is a handpicked list of Top Crypto Wallet App & software, with their popular features and website links.
Naem
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