Crypto wallets are either software or hardware, traders need crypto wallets to store their coins securely. there is hot and cold storage. You can also use crypto wallets to buy and sell cryptocurrencies.
In this article, I am going to write down the different types of crypto wallets and which one you should pick. here are the best crypto wallet apps for Android. Check out: Best 5 Cryptocurrency Wallets To Keep Your Crypto
Best Crypto Wallet Apps for Android
1. Coinbase
This is the best wallet for beginners that have no experience in cryptocurrencies. The wallet is easy to navigate and has a simple layout and functions. You can use this wallet to store many coins such as bitcoins, lite coins, dogecoins, etc. The wallet supports more than 5000 assets. You can use the coin base wallet without opening an account, all you need is a private key that will be given to you when you open the app. So you don’t need to be worried about your assets being locked or a cyber attack.
2. Metamask
Metamask is one of the best crypto wallets which is more user-friendly and it provides easy access to tokens but only on Ethereum Network. The wallet has over 30 million active users monthly. It has an attractive and straightforward design that could hook the user to use the wallet for storing his assets.
Metamask is also known for its capability with other blockchains. You can add any blockchain network to the app. The wallet also supports Polygon, Binance smart chain, and Avalanche. You can access NFTs markets like the open sea, directly using its Chrome extension.
3. Trust wallet
Trust Wallet is the best crypto wallet because of its clean and user-friendly interface, with its built-in support for NFTs and many assets. it is one of the most popular wallets it is very secure. However the wallet is non-custodial, it does not keep your private keys, and you are the one responsible for keeping your keys safe and secured. The wallet supports 4.5 million assets and 65 blockchains.
If you are looking for an NFT wallet, I can still recommend a trusted wallet to you. Because the wallet has made buying NFTs easy.
4. Ledger Nano A Plus
Ledger is among the most well-known brands in crypto, with its very popular hardware wallet. The wallet supports millions of assets. it was upgraded from Nano S to Nano A Plus which comes with a bigger change, and a USB cable port. The wallet costs 88 dollars, there is a mixed review on the wallet, some say it’s cheap while some users say it’s expensive.
Ledger is the first hardware wallet and it is certified by the government. Its app can be used to control and monitor the lend and stake digital assets. You can also use the app to buy and sell cryptocurrency.
5. Electrum
Old Wallet which is founded back in 2011, yeah it’s old but its work will shock you. The wallet hosts a variety of features including 2FA, transactions, and proof checking. Their fees are depending on how long you are willing to wait for a transaction to be completed. Like what they mean is that if you pay more is more likely that your transaction will be faster.
One of the advantages of the wallet is that you can set it up in seconds and start using the wallet. They offer a single payment verification. It has a client on the computer but it only downloads some parts of a blockchain.
The wallet integrates with hardware wallets like Ledger, Keep Key, etc.
Conclusion:
I list down the most secure wallets you can use to store your cryptocurrencies without any frustration and worry about security. Be sure you read from up to down to understand and choose the best wallet for your network.