Best Crypto Wallets in 2021


Wondering which are the best crypto wallets in 2021? This guide presents top crypto wallets that provide users with a digital solution for securely storing and managing blockchain assets and cryptocurrencies.

February 12, 2021 | AtoZ Markets – If you want to buy Bitcoin, Ethereum, and Ripple or any other coin, you will need a cryptocurrency wallet. This is a special software that resembles internet banking. It allows you to manage digital assets and perform various operations with them: store, receive, send.

In fact, a crypto wallet is a must-have ecosystem attribute. Without it, working with digital assets is impossible, and therefore it is so important to choose a convenient and reliable tool that will solve your problems.

To help users navigate the wide variety of available solutions, AtoZ Markets have selected the best crypto wallets in 2021 for safe storage of cryptocurrency

  1. Trezor One
  2. Ledger Nano X
  3. Ledger Nano S
  4. KeepKey
  5. Coinbase Wallet
  6. MetaMask

What to Look for in a Crypto Wallet

To choose the best crypto wallets in 2021, consider your needs and compare wallets based on key factors that include:

Security. 2-factor authentication (2FA), is another way to verify your identity when logging into your crypto wallet. If someone had your password or managed to crack your password through any of a number of methods, they would still need to pass the second level of authentication, typically a code sent to your phone which needs to be entered into a sign-in field before access to the wallet is granted.

Ease of use. Sending, receiving and storing cryptocurrency can be complicated and confusing, particularly for beginners. Your wallet should suit your tech knowledge and crypto experience. While crypto novices might focus on finding a wallet that’s simple to set up and use, experienced holders might look for advanced features, like an in-wallet exchange and multisignature transactions.

Costs. While most crypto wallets are free, choosing a hardware wallet means parting with some cash. Consider the upfront price and shipping costs when making your decision. Some wallets also charge a fee for every transaction you make. Read the fine print to see what you’ll pay.

Multi-signature support. In some cases, a crypto wallet is owned by several people, like business partners, for example. Multi-signature support means that you can set the security for the wallet to require multiple keys before access is granted. This prevents any one person from spending the funds in an unauthorized way or from transferring the funds to another wallet.

Supported cryptocurrencies. Are you looking for a wallet that stores just one crypto, like bitcoin, or are you in the market for a multicurrency wallet? Make sure the wallet you choose is compatible with the cryptocurrencies you need to store, and remember that some coins and tokens can only be held in an official wallet.

You can read more about how to choose a crypto wallet is here.

Best Crypto Wallets in 2021

Following is a handpicked list of top crypto wallets, with their popular features and pros and cons.

1# Trezor One

Best Crypto Wallets in 2021 - Trezor One

The Trezor One, by SatoshiLabs was designed and crafted in the Czech Republic by cryptocurrency advocates and a stellar cyber security team. In Czech, trezor literally translates to “vault.”

The Trezor team is credited with developing the first hardware wallet for cryptocurrencies using modern cryptography. It provides an LED display for an easy-to-use interface, as well as a PIN to access the wallet. Providing even more security, the devices prompts you to use 2-factor authentication when verifying your purchase.

The unique piece of hardware is compatible with Windows, Mac, and Linux and offers over 500 possible alt-coins to hold and trade. Much like every other hardware wallet, the device requires your computer to be connected to the internet and connected via USB.

2# Ledger Nano X

 Ledger Nano X

The Ledger Nano X is a cryptocurrency wallet which supports a great selection of cryptocurrencies like Bitcoin, Ethereum, Litecoin and over 1150 more. The Nano X allows owners to trade crypto on the go by making use of their smartphone. The Nano X uses Bluetooth to connect to your smartphone and allows you to download the Ledger Live app to transfer cryptocurreny.

The Ledger Nano X has a 128×64 display screen that shows all data regarding your transactions. You control the device using 2 small buttons. The device is also has a built-in 100 mAh battery which lasts for hours when the device in use regularly.

Since Ledger Nano X uses a highly secure chip, similar to the one used in credit cards, and because this is not directly connected to the web, it is extremely difficult for hackers to steal your coins from this hardware wallet.

Pros

  • User-friendly and intuitive setup
  • Supports over 1,100 cryptocurrencies
  • Safe & reliable
  • Portable & lightweight

Cons

  • Relatively expensive

3# Ledger Nano S

Top Crypto Wallet 2021- Ledger Nano S

Ledger Nano S is a multicurrency wallet which supports a great selection of cryptocurrencies, including Bitcoin, Ethereum, Litecoin. The cold storage wallet guarantees maximum protection for your digital assets as it is built using a secure chip, similar to the one used for credit cards.

The Ledger Nano S comes with a crisp and clear screen that displays information on your current transactions. Two buttons allow you to manage your device conveniently, including sending and receiving funds. The wallet doesn’t require any charging for its functionality as it draws power from your PC whenever it’s connected.

Since Ledger Nano S uses a highly protected chip and is not connected to the web, it is virtually impossible for hackers to steal coins from it. The development team behind the product even gave special consideration to its appearance, which is why it is available in various colours, from Matte Black to Flamingo Pink.

Ledger also offers more advanced hardware wallets, in case you decide to upgrade your Nano S further on.

Pros

  • Easy to set up & use
  • Supports over 1,100 cryptocurrencies
  • Great value for money
  • Portable & lightweight

Cons

  • Screen navigation is sometimes tedious
  • No private key access

4#KeepKey

Another competitor in the hardware wallet space is KeepKey. Created by a subsidiary of the Shaftshift exchange, KeepKey highlights the notable differences its device holds over its competitors. Launched in 2015, KeepKey noted that its security measures were far stronger than Trezor or Ledger.

We have yet to view anyone brave enough to confirm this notion; however, KeepKey does not have an operating system. Not having an operating system essentially makes a device malware proof.

It’s nearly impossible to infect a device with complicated instructions if that device does not have an operating system.

While security remains an advantage in using KeepKey, a major drawback is the availability of only 35 cryptocurrencies. Still, the device couldn’t be more easy to use by plugging it in one of the USB ports of your computer.

Pros

  • A secure & lightweight device
  • Available on Mac, Windows, and Linux systems
  • Supports a decent number of cryptocurrencies

Cons

  • More user restrictions than other cold wallets
  • No private key access

5# Coinbase Wallet

Coinbase Wallet

Coinbase Wallet is predominantly used to store Bitcoin, Ethereum, ERC20 tokens and other digital collectibles. Although Coinbase Wallet is a software wallet, it provides full protection for cryptos using advanced security features similar to the hardware wallets. Moreover, this wallet can be used to receive tokens purchased from other exchanges or directly from ICO token sale events. Additionally, Coinbase wallet lets users interact with Ethereum-based DApps with its integrated DApp (Decentralized Applications) browser.

It isn’t mandatory to create an account on the Coinbase Exchange to use the Coinbase Wallet, since it functions as a standalone software. It can be downloaded and installed by anyone without any geographical restriction. Thanks to its accessibility, the wallet is a good choice even if you’re new to the world of trading and would like to ensure your cryptos are safe or would like to send or receive digital currencies anywhere in the world.

Pros

  • Backed by a regulated exchange
  • Trading fees are a fraction of what you’d pay on Coinbase
  • More involved user interface and trading indicators
  • Ability to set market and limit orders

Cons

  • No private key access
  • Less secure than cold wallets
  • Some users may find the interface confusing
  • There are other competitors with more competitive fees

6# MetaMask

MetaMask is an ethereum wallet that works as a Google Chrome extension as well as a mobile app. It’s a great wallet for beginners, as it has a simple user interface and is intuitive to use.

However, MetaMask only supports Ethereum tokens, such as eth, EOS, Maker, DAI and many others. If you want to store bitcoin on MetaMask, you’d need to purchase WBTC (wrapped bitcoin) which is a synthetic bitcoin on ethereum’s network.

MetaMask also makes it exceptionally easy to connect with decentralized applications directly from your browser. Because of this, MetaMask is the go-to choice for investors looking to interact with several defi platforms.

Pros

  • Open Source
  • Local Key storage
  • Has built-in coin purchasing through Coinbase or Shapeshift

Cons

  • Does not offer a full node system
  • Hot wallet storage only

Best Crypto Wallets in 2021 – Conclusion

Each of the best crypto wallets in 2021 has its own advantages and disadvantages.The right wallet for you is the one that matches your needs. If security is your No. 1 concern, you’ll likely choose a different wallet than someone who wants fast and easy access to their coins.

Do your research and compare wallets. Start with our crypto wallet reviews to get an idea of what’s available and key features to consider.

Think we missed something? Let us know in the comment section below.

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