7 Best Crypto Wallets of July 2022 - TopAsiaFX

003, Aug 2022

Best for Beginners: Coinbase

Why we chose it: We chose Coinbase Wallet as the best crypto wallet for beginners because it’s an intuitive and highly secure wallet that is backed by a well-known exchange.

Coinbase Wallet is an excellent wallet for beginners who have little to no experience with crypto. The app can connect to most major bank accounts and has an interface that is welcoming and easy to navigate, consisting of a simple three-tab layout and clearly identifiable functions. Coinbase Wallet can store non-fungible tokens (NFTs) and digital collectibles, and it supports over nearly 200 crypto assets — one of the largest numbers among hot wallets on this list.

It’s important to make a distinction between Coinbase the exchange and the Coinbase wallet. The Coinbase wallet may be used without opening an account with one of the largest cryptocurrency exchanges. It's also non-custodial, meaning its private key is stored in your device — not in Coinbase’s servers — so you don’t need to worry about your currencies being locked for any reason or exposed to a cyberattack on the website.

Best for Bitcoin: Electrum

Why we chose it: We chose Electrum as the best Bitcoin wallet because of its extensive security features and high degree of customizability.

Founded in 2011, Electrum is one of the oldest and most well-known crypto wallets today. It’s also one of the few remaining crypto wallets that only deals in Bitcoin, a currency that Electrum is uniquely outfitted to support. The wallet hosts a variety of potent security features that others lack, and users can also adjust their fees depending on how long they’re willing to wait for a transaction to be completed: Pay more in fees, and your transaction will be executed faster.

One of the wallet’s greatest assets is that it uses a lightweight client. Light clients can be set up in a matter of minutes and take up less space than traditional wallet clients on your computer. By using simple payment verification (SPV) the wallet only downloads parts of the blockchain, which speeds up transactions without compromising security.

Best for Offline Crypto Wallet: Ledger Nano X

Why we chose it: We chose Ledger Nano X as the best offline crypto wallet because of its number of supported currencies, high security standards and mobile trading capabilities.

Ledger is one of the most well-known brands of hardware wallets available today. Its initial popularity sparked with its first wallet, the Ledger Nano S, a feature-packed and highly secure cold wallet. The Ledger Nano X expands on the Nano S’ success by adding a built-in battery and features such as Bluetooth connectivity and greater asset management capabilities.

The Ledger Nano X is currently priced at $162.72, comes in a matte black finish and has a 128 x 64-pixel screen for cycling through apps. The wallet supports over 5,500 coins and tokens — the largest number on our list — and is able to manage up to 100 of them simultaneously through the apps on the device. Its Bluetooth Low Energy connectivity may be turned off at any point and enables the Nano X to be used with the Ledger Live app on Android or iOS devices to exchange crypto on the go.

Best for Desktop: Exodus

Why we chose it: We chose Exodus as the best crypto wallet for desktops because of the speed of its transactions, ease of use, and the varied functionality of its client.

Exodus is one of the most visually appealing and intuitive wallets on the market yet. Originally a desktop-only wallet, Exodus now has apps for iOS and Android and is also compatible with Trezor wallets, a popular hardware wallet brand. Nonetheless, the desktop wallet application is still the wallet’s core offering and is updated every two weeks.

One of Exodus’ main draws is the number of currencies it supports. The wallet supports more than 200 cryptocurrency assets, a larger number than many other hot wallets. This includes established altcoins, such as Ether, Litecoin, XRP and Bitcoin Cash, as well as popular meme coins like Dogecoin and Shiba Inu.

Best for Ethereum: MetaMask

Why we chose it: We chose MetaMask as the best crypto wallet for Ethereum because its user-friendly interface provides easy and quick access to thousands of tokens and decentralized apps through the Ethereum network.

MetaMask is one of the most widely used Ethereum wallets, with over 30 million monthly active users. The wallet can store and send Ethereum-compatible cryptocurrencies and enables users to interact with decentralized apps, or dApps, for short. Users can access popular NFT marketplaces, such as OpenSea, by connecting them directly to the wallet.

MetaMask is so popular largely in part to its ease of use and accessibility. The wallet’s design is inviting and straightforward, seemingly designed with beginner investors in mind.

Anyone using the Google Chrome, Microsoft Edge, Mozilla Firefox or Brave browsers can download the wallet as an extension. You can also download the MetaMask app on your mobile Android or Apple devices.

MetaMask is also well-known for its interoperability. The wallet has the ability to add almost any blockchain network to the app and fully supports popular Web3 networks, including Polygon, Binance Smart Chain, and Avalanche. This means users can swap a variety of digital assets directly via the wallet.

Best DeFi Wallet: Crypto.com

Why we chose it: We chose Crypto.com as the best defi crypto wallet because of its variety of decentralized finance tools, excellent onboarding process and strong security framework.

The Crypto.com DeFi Wallet is an excellent choice for users who are starting their journey into decentralized finance. Defi wallets give users full control over their digital assets and private key, which they are responsible for safekeeping. They also allow users to swap cryptos on a 1-to-1 basis and access a wide range of tools to earn passive income on the crypto they already own — features that are unavailable to regular, custodial wallets.


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As with other exchanges that feature both a custodial and non-custodial wallet, it’s important to make the distinction between the two. The Crypto.com DeFi Wallet may be downloaded and used for users’ day-to-day crypto activities without making an account on Crypto.com’s exchange. Source: Mcom