11 Best [Software] Wallets for Cryptocurrency [in 2022]

cover-blog-image-best-software-cryptocurrency-wallets

Most software cryptocurrency wallets are built and designed differently in terms of features and audience. Whether you are looking for the most secure, safest, or most convenient software wallet, there are plenty to choose from.

This article will list the best software crypto wallets you can use now and their features and suitability.

In summary, this table displays the wallets and their usefulness.

S/noWalletSuitable for
1ExodusMost User-Friendly & Modern Sleek Interface
2ElectrumBEST Multi-Signature Wallet (Bitcoin only)
3Wasabi walletBEST Privacy & Anonymous Wallet (Bitcoin only)
4Trust WalletMost Crypto Assets Supported
5CoinomiBEST Multi-Chain wallet with a Built-In Exchange
6MyCeliumMost Well-Established Mobile-based Crypto Wallet
7BinanceBEST for Storing & Staking
8Coinbase walletBEST for Storing Crypto in a Public-Listed Company
9Guarda walletBEST Multi-Platform Wallet
10MetaMaskBEST In-Browser Extension
11SafePalBEST for both Software & Hardware Wallet

What are the BEST Software Wallets for Bitcoin and other Cryptocurrencies

Here is the list of eleven (11) BEST cryptocurrency software wallets.


1. Exodus

Most user-friendly & modern, sleek interface, supporting over 200+ crypto assets

exodus-cryptocurrency-software-wallet

Founded in 2015 and headquartered in Omaha, Nebraska, Exodus is a software wallet platform that provides an excellent, easy-to-use interface for beginners. In addition, it has a built-in exchange to allow users to buy and sell their crypto assets quickly. Payment methods include credit/debit cards, bank transfers and Apple Pay.

Other features include live charts & portfolio view, 24/7 human, technical support and the ability to stake crypto on selected coins/tokens.

Coin/Token SupportSupport 200+ cryptocurrencies, including Bitcoin, Ethereum, Cardano, Solana, Tether, USDC, Dogecoin, etc.
App & OS SupportThe app works well with Trezor One and Trezor Model T.
It supports macOS, Windows, Linux, iOS, Android, Google Chrome, and the Brave web browser.
FeesExodus does not charge fees for sending. Therefore, users need not pay any transaction fees when receiving in Exodus.
Wallet Staking/RewardsYes

2. Electrum

BEST Multi-Signature Bitcoin Wallet

electrum-wallet

One of the oldest Bitcoin wallets out there, Electrum was launched in 2011 and is widely known as a lightweight, low-resource usage and open-source software wallet.

Regarding security, the wallet’s seed and private keys are encrypted using the AES-256-CBC algorithm and will not leave your computer unless you export them and use them on other Bitcoin clients.

When syncing, the wallet uses indices of the Bitcoin blockchain, which means users do not have to download the large and ever-growing blockchain data every time. In addition, Electrum supports popular hardware wallets for wallet integration, such as Ledger, Trezor and Keepkey.

One of the key features of using Electrum is the ability to create a Multi-Sig wallet. This can mean a pair of 2-of-2 multi-sig wallets where only both parties can agree to unlock the wallet. Of course, you can do this for other combinations as well. For example, a 3-of-5 consensus agreement is needed to unlock.

Coin/Token SupportBitcoin (BTC) only
App & OS SupportFor mobile, it supports Android devices only.
For desktop, it supports macOS, Windows and Linux
FeesA flat transaction fee of 0.2 mBTC (0.00020000 BTC) is applicable for sending BTC using Electrum.
Wallet Staking/RewardsNo

3. Wasabi wallet

BEST Privacy & Anonymous Bitcoin Wallet

wasabi-wallet

Launched in 2018 and highly regarded as the most privacy-focused Bitcoin wallet, the Wasabi wallet is an open-source and non-custodial software wallet that supports desktops, mainly macOS, Windows and Linux.

Wasabi uses a mechanism called “CoinJoin” (optionally), which combines their coins into one single large transaction with multiple inputs and outputs, making tracing complex for anyone to follow. On top of it, it reduces the likelihood of wallet fingerprinting (identifying a wallet based on BTC transactions) by building the most common form of transaction structure.

In addition, the Wasabi wallet uses the Tor network to onion-route all the traffic to and from the network, thus concealing all network communication from outside snooping and hiding your IP address.

Coin/Token SupportBitcoin (BTC) only
App & OS SupportmacOS, Windows and Linux
FeesNo fees for receiving funds in the wallet. The usual network fee applies for sending across the BTC network.
For CoinJoin, users pay a coordinator fee of 0.003% * anonymity set (the size of the group you are hiding).
So if the anonymity set of a coin is 50, you pay 0.003% * 50 (=0.15%). 
Wallet Staking/RewardsNo

4. Trust Wallet

Most Number of Crypto Assets Supported

trust-wallet

Trust Wallet was founded in 2017 and is based in Mountain View, California. The wallet is decentralized, diverse and non-custodian and focuses mainly on mobile devices while supporting over 1 million cryptocurrencies across 53+ blockchains. Trust Wallet was acquired by the Binance exchange on 31 July 2018.

Regarding security, the user holds all private keys; no private keys are stored on the wallet’s servers.

The wallet is a one-stop service to buy, store, collect NFTs, exchange & earn cryptocurrency all in one wallet. You can easily use a credit/debit card to purchase your crypto asset and swap them into another crypto using the Trust Wallet interface.

Several coins are supported for stakings, such as Algorand, KAVA, Tezos, Tron, etc.

Coin/Token SupportOver 1 million, including Bitcoin, Ethereum-based tokens, Binance BEP-2 tokens and others.
App & OS SupportAvailable on iOS and Android
FeesNo fees for receiving funds in the wallet. The usual network fee applies for sending across the coin/token network.
Wallet Staking/RewardsYes

5. Coinomi

BEST Multi-Chain wallet with a Built-In Exchange

coinomi-wallet

Founded in 2014 and headquartered in Roadtown, Virgin Islands, Coinomi is the oldest non-custodian multi-chain cryptocurrency wallet that supports several blockchains.

The wallet has native support for bitcoin and major altcoins and tokens. Furthermore, the wallet’s private keys will never leave the users’ devices. In addition, it has a built-in exchange where one can purchase crypto using a credit/debit card and swap between hundreds of crypto pairs quickly through various decentralized exchanges.

Since its operation in 2014, the company is proud that the wallet has never been hacked, and no users have ever lost crypto funds using their wallets.

Coin/Token SupportSupport more than 1770+ coins/tokens from 125 blockchains.
App & OS SupportFor mobile, it supports iOS and Android
For desktops, it supports macOS, Windows and Linux
FeesNo fees for receiving funds in the wallet. The usual network fee applies for sending across the coin/token network.
Wallet Staking/RewardsYes

6. MyCelium

Most Well-Established Mobile-based Crypto Wallet

mycelium_wallet

Launched in 2012, MyCelium is an open-source mobile-based wallet that offers several types of accounts, including Hierarchical Deterministic (HD), and allows users to manage multiple accounts and not reuse addresses (BIP32, BIP4)

Mycelium wallet offers a decentralized exchange within the app itself. In addition, it has a unique local Trader feature that allows users to find people in their area for in-person trading. This is similar to the concept of the popular LocalBitcoins.

The mobile app is compatible with hardware wallets like Ledger, Trezor and KeepKey.

The company has made three (3) products so far;

  • MyCelium Wallet
  • MyCelium Entropy –  a small USB device that uses hardware-based entropy to generate printable Bitcoin paper wallets
  • MyCelium Gear – allowing customers to send money directly into your wallet, controlled by you only.
Coin/Token SupportBitcoin, Ethereum, and several ERC 20 tokens
App & OS SupportMobile-only. It supports both iOS and Android
FeesNo fees for receiving funds in the wallet. The usual network fee applies for sending across the coin/token network.
Wallet Staking/RewardsYes

7. Binance

BEST for Storing & Staking Crypto

Founded in 2017, Binance is the biggest cryptocurrency exchange in daily trading volume. The exchange is trading billions worth of cryptos assets every single day.

You can store your crypto assets in Binance and stake them to earn more crypto interest.

It has the most number of ready buyers and sellers for trading, and you can expect to buy and trade cryptos at the most competitive price.

Besides buying cryptos, Binance offers P2P trading, derivatives, crypto savings account, crypto staking, Binance VISA card, NFTS and many more features.

Coin/Token SupportSupports over 390+ coins and tokens in over 1600+ market crypto pairs.
App & OS SupportWeb-based online exchange
FeesNo fees for storing crypto funds. Fees apply when buying and trading crypto.
Wallet Staking/RewardsYes

8. Coinbase Wallet

BEST for Storing Crypto in a Public-Listed Company

Often ranked among the top 3 of the largest cryptocurrency exchanges, Coinbase offers over 160+ coins and tokens in over 490+ crypto market pairs.

The US-based public-listed company started in 2012 as one of the earliest exchanges; Coinbase now serves over 100+ countries with more than 3500+ workers.

Coinbase has a learning and earning feature that encourages users to go through specific crypto courses on its platform and rewards them with coins/tokens. There is also a Coinbase Card where users can spend cryptos or U.S. dollars and earn crypto rewards.

Coin/Token SupportSupports over 160+ different coins and tokens in over 490+ crypto market pairs.
App & OS SupportWeb-based, iOS and Android
FeesNo fees for storing crypto funds. Fees apply when buying and trading crypto.
Wallet Staking/RewardsYes

9. Guarda Wallet

BEST Multi-Platform Wallet

guarda-wallet

Launched in 2017, the Guarda wallet is a non-custodial light wallet. This means the company doesn’t store your private keys, and the wallet doesn’t require the user to download the entire blockchain.

Users can earn interest on their crypto holdings via staking on the Guarda wallet, supporting many coins/tokens.

The highly secure multi-platform wallet is popular among beginners and experienced crypto users alike because of its user-friendly interface, long list of features, and a strong focus on customer satisfaction.

Coin/Token SupportSupport more than 40 coins and thousands of tokens, including ERC20s, BEP-2, and others
App & OS SupportFor mobile, it supports iOS and Android.
For desktop, it supports macOS, Windows and Linux
FeesNo fees for storing crypto funds. Fees apply when buying and trading crypto.
Wallet Staking/RewardsYes

10. MetaMask

BEST In-Browser Extension

metamask

Launched in 2016, MetaMask is a non-custodial cryptocurrency wallet that works as an in-browser extension to access their Ethereum wallet. It has been downloaded millions of times since then by users.

You can install it on Chrome, Firefox, Brave or Edge web browsers. For NFTs, you can use the MetaMask wallet app to store your crypto-collectables in it and other NFT crypto art you buy in markets. 

In terms of security, MetaMask generates passwords and keys on your device, so only you have access to your accounts and data.

Coin/Token SupportSupports all ERC-20 tokens, NFTs, and multiple blockchains
App & OS SupportIn-browser extension and mobile app (iOS and Android)
FeesNo fees for storing crypto funds. Fees apply when sending coins/tokens to the network.
Wallet Staking/RewardsNo

11. SafePal

BEST for both Software & Hardware Wallet

safepal-app

Launched in 2018, SafePal is a cryptocurrency wallet that is both a mobile software app and a hardware wallet. Users can choose either one to go with. Additionally, the hardware wallet can be paired with the software wallet.

Users can buy cryptocurrency easily through the app using credit cards, bank account transfers, iDeal, etc. Swapping and trading between crypto assets are also available.

The software wallet is also Integrated with the most popular Dapps on Ethereum, Tron and Binance Smart Chain.

For staking, the SafePal Earn is a yield aggregator that enables users to stake crypto assets into DeFi mining pools to earn passive crypto interests.

Coin/Token SupportPopular coins/tokens from the Ethereum, Binance Smart Chain (BSC) and TRON blockchains.
App & OS SupportFor mobile, it supports iOS and Android.
FeesNo fees for storing crypto funds. Fees apply when sending coins/tokens to the network.
Wallet Staking/RewardsYes

Leave a Comment

Your email address will not be published.