Top 5 Best Crypto Wallets To Store and Manage Crypto Safely

How to Choose the Best Crypto Wallet for Your Needs and Goals?

Crypto wallets play a very important role in managing digital assets. They help users to store, send, receive and use cryptocurrencies safely. As crypto adoption is growing in the world so choosing the right wallet according to your needs has become important.

There are so many options available in the market that beginners get confused and find it difficult to choose the best. Some wallets focus on DeFi (Decentralized Finance Apps) access directly from a crypto wallet, while others focus on security or ease of use. 

The right choice depends on the experience of the person using the wallet and what are their investment goals.

MetaMask Wallet

Source: MetaMask website

MetaMask wallet is a popular crypto wallet used today. It was mainly built for Ethereum and other blockchains that are similar to it. Many users are using MetaMask because it works properly with DeFi apps, NFTs (Non Fungible token) and Web3 platforms.

Why is Metamask Wallet Popular?

• MetaMask is a non-custodial wallet, which means you control your private keys and funds. Private keys are secret passwords of your crypto wallet.

• MetaMask can work with Ethereum and other blockchains that are similar to Ethereum and also supports Layer 2 network which makes transaction processing faster and cheaper. 

• This wallet is also available as a browser extension and a mobile app. This means that you can use your crypto wallet in your browser without opening an app, which makes it easy to access your crypto wallet anytime. 

MetaMask wallet is best for those who want a simple and secure crypto wallet that works well with DeFi, Web3 apps and Ethereum based networks.

Exodus Wallet

Source: Exodus website

Exodus wallet is also one of popular crypto wallet which is known for its clean design and is easy to use. The wallet supports many crypto coins and can work on both mobile and desktop.

Why Exodus Wallet is Beginner Friendly

• Exodus is also a non-custodial wallet, so users have full control on their private keys.

• It comes with an exchange feature, which allows users to swap crypto inside the wallet only.

• The wallet setup process has simple and basic steps to follow.

• Private keys of users are stored only on the user's device, and no KYC or personal data is required.

• The wallet has regular security updates, which help to protect funds.

Exodus wallet is suitable for beginners as well as long term investors who want a simple and secure option to store, manage and hold their multiple crypto assets without any technical complexity. 

Coin98 Wallet

Source: Coin98 website

Coin98 wallet is a multi-chain crypto wallet that is made mainly for DeFi users. It supports many blockchains in one place, so this makes it ideal for users who invest in different blockchain networks. 

It is also a non-custodial wallet so users can control heir private keys. It can be used on mobile as well as browser. It is designed for users who need more features than a basic wallet.

What makes Coin98 Wallet Unique?

• Coin98 wallet supports many blockchains at one place, which allows its users to manage different networks without using multiple walltes.

• It is mainly built for DeFi and multi-chain use, which makes it ideal for users who use multiple blockchain platforms.

• The wallet allows easy token swaps among different networks, which saves time and users don't have to use another app to swap crypto.

• It also gives full security and control to users by storing their private keys only on the user’s device, without asking for any personal data and allows a safe backup option if you lose your phone or device.

Coin98 wallet is the best choice for advanced crypto users who invest in many blockchains and have to manage many tokens or use DeFi regularly, it will be a wise choice for them.

SafePal Wallet

Source: SafePal website

SafePal wallet offers both hot wallet and a cold wallet. Users can store, send and receive crypto with a hot wallet and keep funds safe with cold wallet. 

It also supports many cryptocurrencies and blockchains. It is also a non-custodial wallet, which means users can control their private keys. 

What makes Safepal Wallet Different?

• The also has a strong focus on security, that makes it suitable for users who want extra protection for their crypto.

• It also supports multiple blockchains and tokens, which allows users to manage different crypto assets in one place.

• SafePal cold wallet keeps the private keys completely offline, which makes it more safe and reduce the chances of hacking. 

• The app also has security checks and backup options to protect user funds and data.

SafePal wallet is good choice for users who are looking for high security and are long term crypto investors and equally for  beginners who want a safe wallet option. It also offer Hot Wallet and a Cold Wallet which makes it different from othe walltes.

Zengo Wallet

Source: Zengo website

Zengo wallet is different from other crypto wallets because it do not use a traditional way of securing funds. Rather, it uses an advanced security technology to protect user funds. 

What makes Zengo Wallet unique?

• Zengo do not use a single private key to protect funds which lowers risk, it uses face verification to protect wallet access and recover data if lost.

• It is a non-custodial wallet so users can keep access private with this it also supports major cryptocurrencies like Bitcoin and Ethereum.

• Zengo has a login process which makes it easy for beginners with no technical knowledge.

• It operates on mobile phone only and focuses on safety and ease to use.

Zengo wallet is ideal for beginners who are worried for security and want easy to use crypto wallet. It offers strong protection without any technical complexity which is important for long term holders.

Choosing the Right Crypto Wallet will Depend on your Needs

Blockchain you use most: Meta Mask is best for Ethereum and Web3, while Coin98 is good for using many blockchains.

Your experience level: Beginners can choose Exodus or Zengo as they are easy to use and safe, while active users can go for MetaMask or Coin98.

Access or extra security: Exodus and Zengo are ideal for mobile users, also SafePal keeps funds extra secure with a cold wallet.

Security needs: SafePal helps keep crypto offline, Zengo uses modern security and MetaMask and Coin98 give full control of private keys.

Conclusion: There is no one best crypto wallet for everyone's needs

Choosing the right wallet for you will depend on how much you use crypto and what are your needs. Where MetaMask is ideal for DeFi and Web3 users, Exodus is good for beginners, Coin98 is best for multi-chain and DeFi users, SafePal is good option for users with security needs with a cold wallet option and Zengo which is easy to use and secure.