Exodus, Trezor Model T, Mycelium- Top crypto wallets to explore in 2022

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Exodus, Trezor Model T, Mycelium- Top crypto wallets to explore in 2022

 Exodus, Trezor Model T, Mycelium- Top crypto wallets to explore in 2022
Image source: © Alexandersikov | Megapixl.com

Highlights:

  • Crypto wallets facilitate the buying and selling of cryptocurrencies
  • Exodus boasts a simple user interface and is beginner friendly
  • Mycelium has business-level security features

With the advent of cryptocurrencies and a meteoric rise in popularity, investing in these digital assets has moved beyond a niche investment to the mainstream. Even big conglomerates like Microsoft, Amazon, Starbucks, Overstock, Paypal, etc., are now accepting Bitcoin and other altcoins.

Hence, comes cryptocurrency wallets into the picture, which facilitate the sale, purchase and exchange of various cryptocurrencies.

With this background, let us now look at the three top crypto wallets widely used across the world.

Source: © Perfectvectors | Megapixl.com

Exodus

First on the list is Exodus, which was founded in 2015, and is one of the leading desktop, mobile and hardware crypto wallets across the world, facilitating sending, receiving as well as exchanging Bitcoin along with more than 200 cryptocurrencies without any hassle.

Having a very simple user interface and a built-in exchange, Exodus is apt for beginners. Also, it boasts 24/7 customer support, which is an essential feature, especially for new entrants to the crypto world.

Moreover, the Exodus wallet comes with an option to set custom fees to keep costs at reduced levels down.

Trezor Model T

Coming up next is Trezor Model T, which is a well-known brand across the world of crypto. It boasts robust security features and supports numerous assets.

Being a second-generation hardware wallet, the Model T wallet enables access to third-party exchanges for its users. Further, it supports more than 1,800 cryptocurrencies and features a touch screen, thereby rendering a convenient interface for the users to verify and approve all operations.

However, this wallet comes with an expensive price tag as compared to other hardware wallets with similar functionality.

Mycelium

Topping off the list is Mycelium, an industry-leading open-source and mobile-only Bitcoin wallet. As of now, it supports only the Bitcoin, ETH, and ERC-20 tokens.

The wallet is suitable for both beginners as well as experienced users and offers a secure authentication process rather than a simple password authentication process. Moreover, Mycelium is backed by business-level security features, which makes it one of the most trusted wallets across the globe.

Mycelium Local Trader is a decentralised in-person exchange, connecting users and facilitating the trading of Bitcoin and other cryptos in a secure environment.

Bottom Line

Crypto wallets not only help in the trading of cryptocurrencies but also in the secure and safe storage of digital assets.

 

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

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