Cryptocurrencies have gained widespread acceptance and continue to grow in popularity. Unlike stocks at a stock brokerage, traders and investors can withdraw crypto from exchanges like PointPay and store them in an outside wallet. The best crypto wallets are essential tools for buying, trading, and selling Bitcoins, Ethereum, and other coins. They are needed to store cryptocurrency securely, as well as to protect and validate transaction information. Cryptocurrency wallets can be hardware or software, also called hot and cold storages.
If you want to buy and store cryptocurrencies, you may be looking for the best crypto wallet. PointPay experts reviewed a long list of wallets, focusing on value, usability, supported cryptocurrencies, and other features. Keep reading to learn more about 5 best crypto wallets available in 2022.
PointPay experts: Top 5 crypto wallets in 2022
As an innovative full-featured blockchain-based tool, PointPay Wallet can be called the best overall, thanks to its sheer convenience and security. It allows you to send money to everyone by email, track changes in the price of your crypto portfolios, and more. Backed by a reputable trading platform, PointPay Wallet supports all the most popular cryptocurrency assets and has a user-friendly interface that is easy to navigate.
PointPay crypto wallet is entirely secure as it uses strong military-grade encryption to store private keys. It is suitable for both experienced investors and novice traders — you can send payments in crypto in one click. Join the PointPay Family right now and start trading crypto!
As Binance acquired Trust Wallet in 2018, you would need to access Binance Smart Chain or Binance Chain to use this wallet. However, it handles a wide range of cryptos and gives interest in staking some popular tokens, including BNB and TRX. Furthermore, Trust Wallet is very easy to use and understand, so that it might be a good choice for inexperienced traders. The wallet is also accessible and free. Anyone with a mobile device or tablet can get the Trust Wallet application available on both iOS and Android platforms. What is more, for those looking for the convenience of a hot wallet with the security of a cold one, Trust Walet keeps most of its currency on cold storage servers. Finally, you will need to pay only for blockchain transactions; there are no swapping, DApp, or other fees.
Coinbase Wallet is considered one of the best crypto wallets for novice traders who have little to no experience with cryptocurrency. It is an intuitive, highly-secure wallet with an interface that is welcoming and easy to navigate, and you can connect the application to most major bank accounts.
Anyone can start using the Coinbase Wallet without opening an account on the Coinbase exchange. Moreover, Coinbase Wallet is non-custodial, so you don’t need to worry about security — the private key will be stored in your device and not in Coinbase’s servers. However, like everything, nothing is perfect. Coinbase Wallet is only available on mobile and tablet devices or as a Chrome extension.
Trezor is one of the best cold (or hardware) wallets for security-conscious traders and investors. It is the perfect solution for those who want to keep their cryptocurrency away from the Internet. Trezor wallet supports many cryptos, including Bitcoin, Litecoin, Zcash, and others. Setting it up is very easy as well — you will only need a PIN code and a recovery seed phrase.
This wallet comes with a USB Type-C cable, so you can connect it to your smartphone or desktop computer. Even though Trezor has a higher price point than others, and it might be a bit confusing for beginners, it comes with the strongest security features and a massive list of supported cryptocurrencies.
With a very simple user interface, a wide variety of supported cryptocurrencies, and good customer support, Exodus is also one of the best crypto wallets for novice traders. It is free and has optional support for cold storage. It also has one exciting feature — users can swap between a growing number of cryptos.
Even though Exodus is a closed source wallet that might go against the idea of Bitcoin, the project doesn’t stand still. It now offers FTX integration, Exodus Bitcoin Lightning, and NFT integration.
Final thoughts from PointPay
PointPay experts looked at 5 best crypto wallets available in 2022 and evaluated them based on security, functionality, and cost. When looking for the best crypto wallet, you need to consider a range of supported cryptocurrencies, reputation, security, pricing, and customer support. As crypto wallets come in hardware and software varieties, you should also evaluate certain factors differently among them. Cold hardware wallets are physical products that can be bought from a store, while using hot wallets can be entirely free but less secure. Each option has its strengths, and any of them can fit your particular goal.
Happy trading, and stay safe with PointPay!
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