Top 10 crypto wallets to explore in 2022

Highlights

• The Coinbase Wallet can store more than 500 crypto assets.
• BlockFi Wallet is a non-interest-bearing crypto storage account that allows its users to hold, transfer, or manage their crypto assets in their accounts.
• ZenGo enables users to buy, sell, or earn interest on several cryptocurrencies for a fee.

While investors may have been captivated by the bullish run of the crypto market this year, the biggest winners were Bitcoin and Ethereum based on their market capitalization. Both the cryptos witnessed 100% and 400% price growth, respectively.

Here we explore the top 10 crypto wallets that might gain huge traction in 2022.

Coinbase Wallet

Coinbase is a crypto wallet that provides easy and secure access to cryptocurrencies. All its assets, including cryptocurrency and NFTs, are covered by insurance.

The Coinbase Wallet can store more than 500 crypto assets.

Top 10 crypto wallets to explore in 2022

The company was founded in 2012, and it currently has more than 73 million verified users. Its quarterly trading volume is around US$327 billion.

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Exodus

Exodus is a simple and easy-to-use crypto wallet. It offers trading options for cryptocurrencies.

It was founded in 2015 and supports more than 100 cryptocurrencies. Exodus offers both the desktop app and mobile application to users.

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BlockFi

BlockFi was founded in 2017 by Zac Prince and Flori Marquez. The BlockFi Wallet is a non-interest-bearing crypto storage account that allows its users to hold, transfer, or manage their crypto assets in their accounts.

The firm claims to have more than one million verified clients and manage over US$10 billion worth of assets. Besides, it offers its services to 350 global institutions.

The company manages over US$10 billion worth of assets.

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ZenGo

ZenGo is an easy-to-use software wallet both for new and experienced users. It has a modern, simple user interface.

It offers a mobile application for the wallet, available on its App Store and Google Play Store.

ZenGo offers biometric scanners on smartphones to protect the private key in the wallet.

ZenGo enables users to buy, sell, or earn interest on several cryptocurrencies for a fee.

Crypto.com

Crypto.com offers a DeFi wallet, a non-custodial wallet that provides access to a full suite of DeFi services in one place.

In addition, it allows its users to have full control over their assets and keys while enabling them to easily manage over 100 coins.

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The firm has more than 10 million users. The users can trade in over 200 cryptocurrencies and more than 20 fiat currencies from the platform.

In addition, its streamlined web app allows its users to farm and swap DeFi tokens directly from their DeFi wallet.

Ledger Nano S

Ledger is a French company and has been around for a couple of years. Ledger Nano S is the first product of Ledger, and it is one of the first hardware wallets on the market.

It is a first-generation wallet. Unlike later iterations of the Ledger wallet, it doesn't include the USB Type-C cable, so it may become difficult for the new age Android, iOS smartphones, or tablets users.

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It doesn't support Bluetooth and limits the number of wallets that could be simultaneously active on any specific device. Notably, it supports only 18 simultaneous wallets. It provides access to the Ledger Live software to its users.

It supports more than 1,500 cryptocurrencies.

Ledger Nano X

Ledger Nano X is the second-generation wallet from Ledger that offers secure storage for crypto assets. The hardware wallet is plugged into the computer through a USB device or Bluetooth and doesn't need a specific operating system like Windows, Mac, or Linux laptop.

It supports the same number of cryptos as Ledger Nano S and the number keeps increasing each year.

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Trezor Model T

Trezor Model T is a second-generation cold storage wallet. Even though its services are somewhat like Ledger, it enables users to access third-party exchanges like Changelly and Shapeshift. It comes with a USB Type-C cable for the new age users, and over 1,400 cryptocurrencies are available through the wallet.

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Mycelium

Mycelium is a mobile cryptocurrency wallet. It offers a secure platform for mobile with advanced features like Hierarchical Deterministic (HD), paper key storage, and pin codes.

In addition, the mobility wallet also offers features like server-side entropy generator based on RFC or hardware random generator, etc.

Electrum

Electrum is an original crypto wallet with a basic interface that is totally dedicated to Bitcoin. It was founded in 2011 and has changed a lot since it started.

Despite its easy-to-use interface, its complex options can sometimes be difficult for new users or Bitcoin beginners to understand. It provides two-factor authentication, and multi-signature security features like pin code, QR code, passphrases.

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Bottomline

Although the crypto wallets are for storing cryptos, all crypto assets are stored on the blockchain. Every crypto wallet has a specific address where it can be found on the blockchain.

The wallets store the private key required to unlock the address. Hence the wallets are important for the safekeeping of the keys and assets.