Best Crypto Wallets for 2023

When it comes to storing your cryptocurrencies, having a reliable and secure wallet is essential. With so many options available, it can be challenging to determine which wallet is the best for your needs. To help you make an informed decision, we have conducted extensive research and compared over 50 wallets based on features such as security, usability, cost, and supported coins.

Please note that the following list is not exhaustive, and there may be other wallets on the market that are not included in our picks. Additionally, the best wallet for you will depend on your individual needs and preferences.

1. Ledger Nano S Plus – Best Wallet Overall

The Ledger Nano S Plus is our top pick for the best crypto wallet overall. Manufactured by French company Ledger, this hardware wallet offers robust security, supports a wide range of cryptocurrencies and NFTs, and comes at an affordable price point of $79. The Ledger Live app allows you to swap cryptocurrencies, purchase them with debit or credit cards, and participate in DeFi and staking. With its clean security track record and extensive features, the Nano S Plus offers great value for its price.

Pros:
– Affordable price
– Supports 5,500 tokens
– Highly secure with a CC EAL 5+ rating
– Stores private keys for NFTs

Cons:
– Not Bluetooth enabled
– Not compatible with iOS

2. Ledger Nano X – Best Hardware Wallet

The Ledger Nano X is one of the most popular and feature-rich hardware wallets on the market. With its robust security, support for a wide range of cryptocurrencies, and compatibility with both desktop and mobile interfaces, it is our top pick for the best hardware wallet. Ledger Live app helps you manage your digital assets, participate in staking and DeFi, and interact with over 1,000 DeFi protocols. The Nano X is Bluetooth-enabled and compatible with both Android and iOS devices, allowing you to manage your crypto on the go.

Pros:
– Supports over 5,500 crypto assets
– Highly secure with a CC EAL 5+ rating
– Mobile and desktop compatibility
– Stores private keys for NFTs

Cons:
– Expensive compared to the Nano S Plus

3. Exodus – Best Wallet for Beginners

Exodus is a user-friendly software wallet for desktop and mobile that provides access to a wide range of cryptocurrencies. Unlike many wallets that only support coins on a single network, Exodus supports assets on various blockchains, making it our top pick for beginners. With features like a portfolio overview and built-in exchange, Exodus makes it easy to manage your holdings and trade your digital assets. You can also stake certain cryptocurrencies and receive responsive customer support.

Pros:
– Easy-to-use interface
– Supports tokens and coins from different blockchains
– Great customer support

Cons:
– Less secure than a hardware wallet
– Doesn’t support 2-factor authentication

4. Ledger Nano S Plus – Best Value Crypto Wallet

The Ledger Nano S Plus offers the security of its predecessor, the Nano S, with most of the features of the high-end Nano X. Priced at $79, it is a more affordable alternative to the Nano X. With support for over 5,500 digital assets and NFTs, the Nano S Plus allows you to store your private keys securely in cold storage. The Ledger Live app helps you manage and stake your assets, participate in DeFi, and sync with MetaMask. Overall, the Nano S Plus offers great value for its price.

Pros:
– Larger screen size than the original Nano S
– Highly secure with a CC EAL 5+ rating
– Native support for NFTs

Cons:
– Can’t stake many cryptos via Ledger Live

5. Atomic Wallet – Best Desktop Wallet

Atomic Wallet is our top pick for the best desktop wallet thanks to its support for over 1,000 cryptocurrencies across more than 50 blockchains. Available on Windows, Mac, and Linux, this wallet offers an easy-to-use interface and built-in decentralized exchange. You can stake various cryptocurrencies and interact with DeFi apps. While it has a user-friendly interface, it may not be as secure as a hardware wallet.

Pros:
– Easy-to-navigate interface
– Built-in decentralized exchange
– Supports staking for various cryptos

Cons:
– Not as secure as a hardware wallet
– The built-in exchange charges a high fee for certain coins

6. Trust Wallet – Best Mobile Wallet

Trust Wallet supports coins and tokens from 65 different blockchains, making it our top pick for the best mobile wallet. With its easy-to-use interface, you can quickly import popular coins, view charts and pricing information, and receive notifications directly on your mobile device. Trust Wallet also allows you to connect to dApps and DEXs, purchase crypto with credit or debit cards, and stake assets directly from your wallet.

Pros:
– Built-in decentralized exchange
– Stake cryptos directly from your wallet
– Purchase cryptos with credit and debit cards
– Supports Bitcoin transfers
– NFT support

Cons:
– Built-in DEX only supports BSC assets
– A security flaw was discovered in 2022, but it was quickly patched
– Withdrawals to bank accounts not available from the wallet

7. Coinbase Wallet – Best Exchange Wallet

Coinbase Wallet is our top pick for the best exchange wallet. While it doesn’t require a Coinbase account to use, verified Coinbase account holders can connect directly to the exchange to buy and sell crypto. With a mobile app and browser extension, Coinbase Wallet features an easy-to-navigate UI consistent with the Coinbase exchange. The wallet supports various blockchains and is automatically configured to support many cryptocurrencies. However, keep in mind that you must connect to an external exchange for DEX functionality.

Pros:
– Sync directly to Coinbase exchange
– Mobile app and browser extension
– Preconfigured blockchains
– Purchase with selected fiat currencies in-wallet
– Coinbase company backing

Cons:
– Fee for coin swaps in the wallet
– No DEX in the wallet, must connect to an external exchange

8. COLDCARD Mk4 – Best Bitcoin Wallet

The COLDCARD Mk4 is a popular hardware wallet among Bitcoin maximalists. Designed for privacy-enhancing technology, this hardware wallet offers industry-leading security for your BTC private keys. With its highly secure features and support for advanced transaction types, the COLDCARD Mk4 is our top pick for the best Bitcoin wallet. However, it only supports BTC and requires the use of third-party software for other cryptocurrencies.

Pros:
– Highly secure
– Contains 2 Secure Element chips
– Doesn’t require a connection to a computer
– Features a high-contrast screen for messaging
– Multisig-enabled

Cons:
– Only supports BTC
– The user interface for some third-party software may be less intuitive

9. Coinomi – Best Multi-Crypto Wallet

Coinomi is a desktop and mobile wallet that supports over 1,770 coins and tokens on 125 different blockchains. With its extensive range of supported cryptocurrencies, Coinomi is our top pick for the best multi-crypto wallet. In addition to storing your private keys, Coinomi wallet allows you to manage your NFTs, stake certain assets, and interact with DeFi apps. The wallet also features a built-in decentralized exchange for easy swapping of cryptos.

Pros:
– Works on all major desktop and mobile operating systems
– Allows users to manage and swap a wide variety of cryptos
– Never been hacked

Cons:
– Not as secure as a hardware wallet
– Staking is limited to certain cryptos

10. Trezor Model T – Best Wallet for Experienced Users

The Trezor Model T is our top pick for experienced users. With advanced features like multisig, Taproot support, Shamir backup, and timelock, the Trezor Model T gives you greater control over your funds. While it supports a wide range of cryptocurrencies and offers integration with MetaMask, it is best thought of as a Bitcoin wallet first and an altcoin wallet second. Keep in mind that there was a security flaw discovered in the Trezor Model T in 2023, but it can be prevented by using a strong passphrase.

Pros:
– Advanced transaction types for Bitcoin
– Highly customizable security features
– Integration with MetaMask for additional usability and DeFi
– Touchscreen for improved functionality and security
– In-app swaps and purchases

Cons:
– Only supports a limited number of blockchains in the Trezor Suite software
– No native staking support in Trezor Suite, must use third-party apps
– Expensive compared to the Ledger Nano X
– No support for iOS

11. Ledger Nano S Plus – Best Wallet for Staking

The Ledger Nano S Plus is our top pick for the best staking wallet. With its hardware security and support for a wide range of staking assets, the Nano S Plus allows you to stake your cryptos while keeping your private keys securely offline. You can stake select cryptocurrencies via the Ledger Live interface or third-party apps, ensuring greater security than using a software wallet alone.

Pros:
– Enables staking and cold storage of private keys simultaneously
– One of the most diverse wallets for staking

Cons:
– Can only stake certain cryptocurrencies via Ledger Live

12. MetaMask – Best Web3 Wallet

MetaMask is our top pick for the best Web3 wallet. With its support for over 30 million monthly active users, MetaMask is considered the go-to wallet for Web3 apps. It allows you to connect to dApps, store NFTs and digital assets, and trade cryptos across multiple blockchains. MetaMask offers easy setup and installation, anonymity in crypto transactions, and the ability to buy and sell crypto without providing personal information.

Pros:
– Easy to set up and install
– No personal identification required
– Supports multiple blockchains, including testnets
– Portfolio dashboard makes managing assets easy
– Can set spending limits for added security
– Buy and sell crypto in the wallet app

Cons:
– No native Bitcoin support
– Limited customer support

13. Crypto.com DeFi Wallet – Best Wallet for DeFi

Crypto.com DeFi Wallet is our top pick for the best wallet for DeFi. In addition to its global exchange, Crypto.com offers a dedicated non-custodial DeFi wallet with standout features. The DeFi wallet can be synced with the centralized Crypto.com app for easy transfers between accounts. It supports in-app swaps via various blockchains, in-app staking, and connection to Web3-enabled sites. With its user-friendly interface and integration with the Crypto.com ecosystem, the DeFi wallet provides a comprehensive DeFi experience.

Pros:
– Retain full ownership of your crypto
– Sync your DeFi Wallet to the centralized exchange app
– Simple in-app staking, swapping, and bridging
– Connect to Web3-enabled sites from the app

Cons:
– Limited blockchain connections
– No fiat withdrawals

14. Ledger Stax – Best-Designed Crypto Wallet

The Ledger Stax is our top pick for the best-designed crypto wallet. Designed by Tony Fadell, the co-creator of the iPod and iPhone, the Ledger Stax offers a sleek and stylish design while maintaining the security features of a Ledger wallet. With its large e-ink touchscreen, wireless charging capability, and customizable lock screen, the Ledger Stax is both functional and visually appealing. It is highly secure and offers a user-friendly experience.

Pros:
– Large e-ink touchscreen
– Wireless Qi charging
– Bluetooth-enabled
– Enables clear-signing to prevent hacks and phishing attacks
– Strong casing
– Sleek design

Cons:
– Most expensive Ledger hardware wallet
– Can’t stake many cryptos via Ledger Live

15. XDEFI Wallet – Best Wallet for NFTs

XDEFI Wallet is our top pick for the best wallet for NFTs. This blockchain-agnostic wallet allows you to showcase NFTs from over 15 different blockchains side-by-side. With its streamlined cross-chain UI, XDEFI Wallet makes it easy to send, receive, and trade NFTs and cryptos across blockchains. It supports in-wallet swaps and purchases and provides a gallery for viewing NFTs and assets from various blockchains.

Pros:
– View NFTs and assets across different blockchains in a single gallery
– Easily import custom tokens
– Supports 20 blockchains
– Earn rewards through staking XDEFI token

Cons:
– Value of staking incentives depends on the performance of the XDEFI token
– Sell-to-fiat feature not currently supported
– Browser extension only, mobile app not available

Conclusion

Choosing the best crypto wallet for your needs is a crucial decision. Consider factors such as security, ease of use, supported cryptocurrencies, and additional features when making your choice. It’s also essential to keep your wallet secure by following best practices such as enabling 2-factor authentication, using a strong password, and regularly updating your wallet software.

Remember that the cryptocurrency market is constantly evolving, and new wallets and features are being developed all the time. Stay informed and regularly review your wallet to ensure it continues to meet your needs.

Please note that this article is not financial advice or an endorsement of any specific wallet or service. Cryptocurrencies are volatile and risky, and you should always do your own research and seek professional advice before making any investment decisions.