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Best Crypto Wallets 2022 – Comparison of the Top Bitcoin Wallets

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If you want to buy Bitcoin or other cryptocurrencies, you should also think about storing them. Finally, digital currencies are stored on the blockchain – which means getting a digital wallet. These digital purses are also called wallets . There are many options on the market – so the main goal is to find the perfect balance between comfort and safety. While there are some wallets that tie directly to a crypto exchange, there are also standalone wallets. This can be a bit confusing, especially for beginners – so in this article we explain what types of wallets there are, which is the best wallet and how to safely and easily store cryptocurrencies.

The best crypto wallets in a nutshell

  • eToro – Popular bitcoin wallet & trading platform with high security
  • crypto.com – Very good crypto wallet for 2022
  • Huobi – Top Bitcoin Wallet App for Earning Interest on Crypto
  • Binance – Best Crypto Wallet App for Trading
  • Coinbase – One of the best crypto wallets for beginners
  • Atomic Wallet – Very good desktop wallet
  • Exodus Wallet – Good crypto wallet for mobile and desktop devices
  • Trezor – Secure hardware wallet
  • Electrum – Great crypto wallet for multi-currency portfolios
  • Ledger Nano X – Inexpensive hardware wallet under 100 euros

The best bitcoin wallets in the test

As will be covered in more detail later, the main things to look out for when choosing the best crypto wallet are as follows:

  • security tools
  • The convenience of sending and receiving funds
  • Wallet type – e.g. B. mobile, desktop or hardware
  • Stock exchange and investment functions
  • user friendliness
  • fees

The following crypto wallets have been tested and verified against these features. In this way, one can buy Bitcoin and other cryptocurrencies and keep the digital assets in a safe and convenient place.

1. eToro – very popular wallet and trading platform

eToro wallet headers

eToro is one of the most renowned and well-known crypto exchanges worldwide . Besides its numerous assets available for trading, it also offers cryptocurrencies to buy and sell without commissions. The only trading fee one has to pay is the difference between the buy and sell price. Also, there are many other exciting and reliable features that eToro offers its clients.

First and foremost, in this case, in addition to the trading account, you can also access the eToro wallet called eToro Money Wallet . It is among the safest and best bitcoin wallets in the world with top-tier security features. In addition, with the crypto wallet from eToro you can always be sure that you can recover the private keys quickly and free of charge if you have forgotten them.

The Bitcoin wallet gives you access to over 120 cryptocurrencies that you can receive, send or transfer. Besides, one can also stake crypto assets like ETH, ADA, TRX and get rewards by holding them for a certain period of time. This process is also called staking . However, eToro is not only suitable for staking – for example, the crypto exchange not only offers cryptos such as Bitocin, but also meme currencies such as Dogecoin .

In terms of asset safety, both the eToro crypto exchange and wallet are regulated – your wallet is regulated by GFSC in Gibraltar while the eToro exchange is regulated by 4 top tier authorities – the FCA, CySEC, ASIC and the FSCS . eToro also stands out for its good customer service, which includes telephone and email contact.

2. Crypto.com – Very good crypto wallet for 2022

crypto.com wallet

Crypto.com Wallet is one of the best bitcoin wallets for storing, earning and growing numerous cryptocurrencies. It is a no-custodial wallet that provides access to a comprehensive suite of DeFi services in one place. In this wallet, the private keys are encrypted locally on one’s device with Secure Enclave and protected by biometric and two-factor authentication. This gives you complete control over the private keys.

The wallet is directly linked to the Crypto.com crypto exchange. Users can send and receive 500+ cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), DeFi coins like Uniswap (UNI), Compound (COMP), Yearn Finance (YFI), stablecoins and other ERC20 tokens. ERC721 and ERC1155 Ethereum-based NFTs are also supported on this wallet.

The Crypto.com wallet also has a multi-wallet feature , through which you can create multiple wallets under the Defi Wallet app by creating new wallets or importing existing wallets. S

Crypto.com is also a crypto staking platform that can earn up to 8.5% per year on certain cryptocurrencies and up to 14% per year on stablecoins. With DeFi Earn one can deposit and earn the highest returns on DeFi tokens. Aave Lending V2, Yearn Earn V2, Compound, Cosmos Staking, and native CRO staking are all consolidated with DeFi Earn.

3. Huobi – Best Crypto Wallet App for Earning Interest

Huobi Wallet

Huobi is another crypto wallet best known for its digital asset exchange services. The platform hosts millions of trading accounts and offers full support for a wide range of cryptocurrencies. This means that Huobi could be a good option if you want to store multiple digital tokens through a single hub.

In terms of storage options, Huobi allows to buy crypto via its own website and keep the tokens in the portfolio. This means that the tokens are kept safe behind the scenes at Huobi. The other option is to download the Huobi mobile app, which is compatible with both iOS and Android devices. Both options provide access to a variety of tools and features. For example, if you want to exchange cryptocurrencies through Huobi, you only pay a commission of 0.20%. The platform also hosts staking services and even crypto loans.

4. Binance – Good crypto wallet app for trading

Binance is a huge global cryptocurrency exchange that has billions of dollars in daily trading volume . There are currently more than 100 million accounts on Binance, which is positive. The exchange offers a handy web wallet that makes it easy to store your digital tokens. Additionally, Binance has a SAFU (Safe Asset Fund for Users) tool in case the exchange is hacked.

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Binance is possibly the best bitcoin wallet for users looking to buy and sell digital currencies on a regular basis. This is because trading commissions are only 0.10%. In addition, Binance offers more than 1,000 trading markets – covering both large-cap and small-cap tokens. If you do not want to keep the cryptocurrencies in the Binance Wallet, you can opt for Trust Wallet instead – this is also supported by the crypto exchange.

5. Coinbase – One of the best crypto wallets for beginners

Coinbase Wallet

Next there is Coinbase’s wallet. Coinbase acts primarily as a crypto exchange, but offers its customers its own wallet. On the one hand there is the mobile wallet, which you can download to Android or iOS devices. This is a “non-custodial” wallet – meaning it is your responsibility to keep your private keys and backup phrase safe.

In other words, if any of the above falls into the wrong hands, the wallet will be compromised and Coinbase cannot help recover the stolen funds. If this seems like a daunting prospect, Coinbase also offers a depot wallet. This means that you keep the crypto assets in the Coinbase account – and Coinbase takes care of the security.

Some of the methods Coinbase uses to store funds include requiring them to set up two-factor authentication and ensuring that 98% of customers’ digital funds are stored offline. Additionally, if you’re logging in from a new device or have a new IP address, you’ll need to perform additional verification steps. In general, both the Coinbase exchange and Bitcoin wallet are one of the easiest for beginners.

6. Atomic Wallet – Very good desktop wallet

Atomic Wallet

The Atomic Wallet is a cross-platform software wallet that was launched in 2017. The wallet accepts over 500 cryptocurrencies for storing, sending and receiving. In principle, the Atomic wallet is also an exchange at the same time, after all you can exchange or convert cryptocurrencies decentrally via Atomic Swap – without having to leave your own wallet.

However, it should be noted that only a limited number of cryptocurrencies are available for the Atomic Swap function. In addition, there is no hardware wallet integration and relatively high fees when paying by credit card . Although the Atomic Wallet is easy to set up and therefore also suitable for beginners, in contrast to the Crypto.com Bitcoin Wallet it leaves something to be desired. In general, the Atomic wallet only offers mediocre security as a desktop wallet, but all in all it is well suited for beginners.

7. Exodus Wallet – Good crypto wallet for mobile and desktop devices

A popular mobile wallet is called Exodus Wallet . This is available for the most popular Android and iOS devices. In contrast to the Crypto.com wallet, for example, the private keys are not stored by the provider, but are generated locally on the mobile device. Accordingly, you should also make a note of the recovery phrases and keep them safe together with the private key – this is the only way to restore the wallet in an emergency.

8. Electrum – Great crypto wallet for multi-currency portfolios

The Electrum wallet is one of the oldest Bitcoin wallets , which was already in development in 2011. This is now not just a desktop wallet , but also a mobile wallet . In other words, you can install the wallet either on your computer or on your smartphone. The Electrum wallet was originally developed as a pure Bitcoin wallet, but later upgrades were added, which means that you can now also store altcoins on the wallet. However, the original Electrum wallet is still a pure Bitcoin wallet . But Bitcoin Forks such as Bitcoin Cash (BCH) are also supported.

An advantage of the Electrum wallet is that it is compatible with hardware wallets . The private keys are stored encrypted on the device and, thanks to the multi-signature feature, you can also split your bitcoins into multiple wallets.

9. Trezor Wallet – Secure hardware wallet

Trezor Wallet

For those who prefer to use a hardware wallet and want to store a larger amount of Bitcoin, there are two well-known cold storage wallets that are hugely popular among crypto traders. The first is Trezor , a small hardware wallet that can securely store different types of cryptos like Bitcoin, Ethereum, Ripple, Cardano, Zcash, etc. Launched in 2014, it was the first hardware wallet to provide secure storage for BTC and other crypto assets.

Trezor is one of the best-known hardware wallets , which is also a bit more expensive. After all, you can store over 1000 cryptocurrencies on the wallet – depending on the model. The hardware wallet also comes with a USB cable that you can use to connect the wallet to your computer or smartphone. The advantage is that the wallet is only connected to the Internet if you want to carry out a transaction. However, the disadvantage is the user-friendliness. Accordingly, Trezor is aimed more at advanced traders.

Regarding the private keys, you are in possession of them and also receive a list on which you can write down the recovery phrase. These should be kept in a safe place in case you lose access to your hardware wallet. However, if you lose the wallet and recovery phrases, the provider cannot help recover them. The cryptocurrencies are accordingly lost.

10. Ledger Nano S – Inexpensive hardware wallet under 100 euros

Ledger nano crypto wallet

The Ledger Nano S is a cheaper hardware wallet alternative to Trezor The wallet offers some advantages. First and foremost, it is known as one of the safest wallets for storing bitcoins and there are few known cases of it being hacked. It’s a compact device that’s easy to use and pack away and has earned an excellent reputation so far.

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