The cryptocurrency world is a place of endless possibilities. One of the ways to kickstart your journey into this world is to register with a licensed Crypto exchange and get the best crypto wallet app/software to hold your assets for long-term transactions.
There are many crypto wallet apps available on app stores and the Google Play Store. However, not all of them are reliable, solid, or trustworthy. Thus, this article lists the top Crypto wallets you should consider installing on your iPhone or Android smartphone for holding coins and tokens for a longer time.
The Top 10 Crypto Wallet Apps For Long-Term Hodl & Securing Your Crypto Assets
Here are some of the most popular Crypto wallet apps for those willing to move their funds away from the exchange, hold for a long time, or stake for more profit. They are a good alternative to hardware wallets that are deemed more secure and less prone to hacking and digital manipulations. Interestingly, the apps are free to install and you can keep quite a several crypto coins/assets in them.
1. Trust Wallet (iOS/Android)
At the top spot of today’s list is Trust Wallet – practically the best, multi-feature cryptocurrency wallet. On Trust Wallet, you can hold virtually all known cryptocurrencies, including Bitcoin, Ethereum, LTC, and many others. Trust Wallet features a clear-cut interface that anyone can easily understand.
Top Features of Trust Wallet
- DApp Browser
- Allows users to buy, store, collect NFTs, exchange, and earn crypto.
- Very secure and private
- Supports crypto staking
2. SafePal (iOS/Android)
SafePal is one of the top best cryptocurrency wallets with a user-friendly interface and supports 100+ assets. It provides users with a simplified platform to store and manage their various crypto assets. Definitely, SafePal is safe and secure, as well as offers a bunch of crypto-saving features. More so, the company, SafePal, provides both hardware wallet and software wallet products.
Top Features of SafePal
- Store, Buy, Manage, Swap, and Trade 10,000+ cryptocurrencies
- Supports hardware crypto storage products
- Easy to use interface
- Supports DApp assets and apps
3. Coinbase (iOS/Android)
Coinbase is a simple-to-use crypto wallet where you can transact or store your cryptocurrencies with great ease. It is a safe and secure platform with supports for virtually all known crypto assets and coins. The company, Coinbase, is based in the US, but the app is available to every crypto trader globally. It is free to download on app stores and you can connect other wallets easily.
Top Features of Coinbase
- View detailed price charts and follow the trends
- Buy, sell, and store 1000+ cryptocurrencies
- Schedule crypto transactions
- Protected by FIDIC
4. MetaMask (iOS/Android)
MetaMask is a software crypto wallet with unmatched support for the Ethereum blockchain. This crypto wallet is recommended for people that transact tokens based on the Ethereum blockchain. It also allows users to interact with decentralized applications. Yes, MetaMask is safe and secure, but it does not support all known cryptocurrencies.
Top Features of MetaMask
- Best for storing Ethereum and Ether products
- Also available as a browser add-on and extension
- Supports buying and selling of Ethereum and Ether products
5. Atomic Wallet
It is 100% free and can be downloaded from the Google play store or the Apple iTunes store.
Top Features of Atomic Wallet
- Supports most popular coins and tokens
- Allows staking, airdrop, and freebies
- Very safe and easy to use
- Supports a lot of extensive, useful features
6. Exodus (iOS/Android)
Here’s another impressive crypto wallet to hold all your assets. It supports various cryptocurrencies and assets, as well as features an intuitive interface that’s easy to operate. Exodus also supports hardware wallets, and you can also connect other wallets to your Exodus wallet. This wallet is one of the best and secure alternatives to Trust Wallet. In addition, it also has a built-in exchange platform for crypto trading.
Top Features of Exodus
- Built-in crypto exchange platform
- Store and hold 1000+ cryptocurrencies and assets
- Simplified and intuitive user interface
- Supports desktop, mobile, and hardware wallets
7. Paxful Wallet (iOS/Android)
Paxful is a good bitcoin wallet app for Android and iOS devices. Notwithstanding, it also supports other cryptocurrencies; more than 100 known crypto-assets can be stored in Paxful wallet. More so, Paxful also supports buying and selling of Bitcoin with flexible payment options, including P2P. This wallet is pretty easy to use, and yes, it is safe and secure.
Top Features of Paxul Wallet
- Supports trading bitcoin through 100+ flexible payment options.
- Intuitive and easy to use
- Supports other cryptocurrencies too.
8. Electrum (iOS/Android)
Electrum is one of the foremost Bitcoin wallets. It was founded in 2011, and to date, it is one of the best for saving Bitcoin only. This wallet has pretty many advanced features, and users can customize many options too. More so, this crypto wallet has a higher level of security than most popular wallets out there. The app is free to download on app stores, and the interface is easy to understand.
Top Features of Electrum
- Open-source and customizable
- Works for Bitcoin only
- Greater security than most popular options
9. Cosmostation Wallet (iOS/Android)
Cosmostation wallet is a super-intuitive cryptocurrency wallet that lets you store your favorite tokens securely. It is specifically built for coins on the Cosmos SDK-based chains such as ATOM, Kava, etc. This wallet is available for both Android and iOS devices. It can also be accessed on PC via their web wallet link.
Top Features of Cosmostation Wallet
- Can be used to stake Atom
- It’s safe and easy to use
- Supports many extensive features
10. Huobi Wallet (iOS/Android)
Huobi Wallet appears last on today’s list, but it’s an advanced crypto wallet you should check out. This wallet supports 20 wallet types, including BTC, ETH, DOGE, HECO, XRP, and many others. More so, it allows you to manage ERC721 NFTs and goes on to include support for a number of stable coins.
Top Features of Houbi Wallet
- Supports Defi gateway and DApps
- You can import your other crypto wallets easily
- Multi-Chain Support
Notable Mention: Gemini Wallet (iOS/Android)
Gemini is a crypto exchange just like Binance; however, it integrates a “Crypto Wallet” feature that lets you store and hold all crypto assets listed on its exchange platform. Interestingly, the exchange offers 200+ cryptocurrencies, so you can store virtually all popular crypto assets in the Gemini wallet. The Gemini platform is fully regulated, very safe, and secure, so there’s nothing to worry about.
Top Features of Gemini Wallet
- High-security storage backed by industry-leading protections
- Store all popular cryptocurrencies in a flexible vault
- Trade various crypto assets on the exchange platform
- Simple, elegant, easy-to-understand wallet design
How Exactly Do Cryptocurrency Wallets Work?
A crypto wallet is a program or device that makes it possible to transfer and keep cryptocurrency. The users are free to choose what crypto to deal with. Bitcoin, Litecoin, and Ethereum are certainly in the lead right now, but the selection of other cryptocurrencies is rather vast.
The safety of a crypto wallet is closely linked to the way a private key is stored. It serves as the most important part, as anyone who has it can control the funds in the wallet. A private key is utilized in order to deal with the transactions, and this process is known as signing.
By the way, crypto is not stored in the actual wallet. The coins are kept in the blockchain, and it is the wallet software that helps you to refer to the balances held on it. This way, you get the chance to work with your crypto the way you would like to. A wallet keeps the addresses and assists the clients with moving coins. And sure, the users are able to see the balance.
There are various types of Crypto Wallets as outlined below:
They are hardware and software wallets.
The hardware wallet is a device that allows you to store crypto in offline mode. It holds the keys off the phone or the computer. A typical hardware wallet is represented by a hard drive device. It may not seem to be really convenient, but its security is considered to be one of the most evident advantages of such a way of dealing with crypto and storing it. The matter is that the signing takes place independently (without being tied to the computer or the phone), which means that you are facing greater safety.
However, hardware wallets are not going to be the best choice for beginners. They are suitable for pretty experienced crypto users. The cost of such a wallet can vary.
The second type to describe is presented by the software crypto wallets. They are called hot (while the hardware ones are cold). A software wallet is a computer program or app that keeps private keys in online mode.
These wallets can be used on the web, but this option is not too safe. Besides, you may opt for installing the app on your mobile device. This variant is loved by the users as soon as the majority of them spend a ton of time on their mobiles. The private keys are about to be held on the device in this case.
Here is an important note: it is important to proceed with the backup as regularly as possible if you decide to opt for the software crypto wallet.
Types of Software Wallets
There are three variations to think about. Here they are:
- Web-based wallets. They function as browser extensions quite often.
- Desktop wallets that are about to be utilized on the desktop of a laptop or a computer;
- Mobile wallets. These ones help users to be involved in any type of crypto transactions with the help of scanning a QR code on their smartphone.
Summary
Conclusively, these are some of the best cryptocurrency software wallets to store your coins and tokens for long-term hold or regular crypto trading activities. They support quite different features, but in all, they allow you to store multiple cryptocurrencies and access them at any time.
