Investors are undecided these days about multiple cryptocurrency wallet options. This is because cryptocurrency wallets are vital for storing your cryptocurrencies. If you really want to be involved in cryptocurrency investments, you will have no choice but to use a wallet.
However, some simple cryptocurrency wallets focus on only a single asset. This makes it ideal for its users. However, it may not be useful for investors who continue their way with various crypto coins. If you think you are part of this group, this guide we have prepared for the best multi-cryptocurrency wallet options at BeInCrypto is definitely for you.
In this guide, we’ll discuss the best multi-cryptocurrency wallet options on the market. We hope that after reading, you can decide what really benefits your cryptocurrency trading style.
Before we get into the subject, we’ll answer some common questions about cryptocurrency wallets. Can a Wallet Hold Various Cryptocurrencies?
Most cryptocurrency wallets have this feature. The best multi-cryptocurrency wallets can hold thousands of types of cryptocurrencies. There are also some special wallets that hold their own private crypto coins. However, we will not discuss these options in our current article.
This feature also applies to hardware wallets. If you’re wondering if the Ledger Nano S can hold a variety of cryptocurrencies, the answer is yes, of course it can. Do I Need a Different Wallet for Each Cryptocurrency?
If you’re an investor with many different cryptocurrencies, you don’t need to have separate wallets for each one. Getting a very diverse wallet means you can store a variety of cryptocurrencies in the same space. This way you can make trading and managing your assets much easier. What Is the Best Cryptocurrency Wallet App?
The best cryptocurrency wallet app depends entirely on your trading style and demands. Luckily, this guide will walk you through the best multi-cryptocurrency wallet alternatives. This will make it easier for you to choose. What Should Choose the Best Multi-Cryptocurrency Wallet?
Now, we need to discuss our criteria for deciding on the best wallet. The factors to consider when choosing which one is the best multi-crypto wallet are:a. Encryption and Security
The best multi-cryptocurrency wallet is undoubtedly the one with the best encryption and security features.
As we review wallets for this list, we look at their two-factor authentication (2FA) offerings, and how they manage your public and private keys. We also take into account what level of encryption it offers.
Security levels also depend, of course, on the type of wallet that we will cover later.b. Ease of use
A streamlined user interface is a very important feature. It can make the difference between a great or terrible wallet experience. We’ve done extensive research to find wallets that have an easy-to-use interface and are easy to use.
This section includes trading, hodl and staking experiences. We also take into account the platforms on which each wallet is available in this category.c. Feature set
Good wallets are used according to the feature set or not preferred. We are looking for more than the basic hodl services offered by most wallets. You users will want a wallet with a built-in exchange, staking options, trading rewards, and much more. Support
If you’re having a problem with your cryptocurrency wallet, you’ll want a good support team to help you. This is a factor that is often overlooked when deciding on a wallet. That’s why we wanted to make sure our guide included the support factor. Development
No one wants to use an outdated wallet. You need a wallet that’s always up to date, protecting your assets from the latest threats and attacks. We chose wallets with active development teams, as well as a vibrant community that supports them. Multiple Types of Cryptocurrency Wallets
There are several types of multiple cryptocurrency wallets in the cryptocurrency market. Now we will briefly summarize a few different types of wallets.a. Web Wallets
Web wallets are the most popular type of wallet. But it is never close to the safest. These wallets are connected to the internet, which is great as it ensures that it is always accessible. However, this accessibility also has a drawback.
Being constantly connected to the internet puts your assets at constant risk from bad actors and hackers.b. Mobile Wallets
Mobile wallets are designed to facilitate cryptocurrency trading and the process of using it, as it is simple to log in and trade on your smartphone. All of them are protected by a PIN and recovery statement.
Desktop wallets are located on your computer’s hard drive. They connect to the internet only when turned on. This makes them safer than an average choice for storage.c. Hardware Wallet
Hardware wallets are arguably the safest way to store and use your cryptocurrency assets. These are USB-powered devices that you connect to a computer or mobile device to power it. Protected by a PIN number when connected, these wallets can only be accessed manually.
Once disconnected, it is unlikely that a hacker can break into your wallet. Hardware wallets use a small LCD screen to enter your PIN. It is very difficult for someone to get it.d. Paper Wallets
Finally, we have paper wallets. These are literally a sheet of paper that you store in a safe place and scan with your phone to access assets. The Best Multi-Cryptocurrency Wallet You Can Use
Now that you know about the different types of wallets, here is a list of the best multiple crypto wallets on the market:1. Exodus (Desktop and Mobile Wallet)
Exodus is a free desktop wallet with a gorgeous and easy-to-use interface. Its colorful user interface is incredibly attractive to many new traders. This makes it an ideal wallet to start with.
This wallet; Bitcoin supports big names from the top 10 like Ethereum and Litecoin. It also supports more than 100 types of cryptocurrencies, up to lower-budget assets like FunFair and Serum.
However, Exodus has an in-wallet exchange to easily convert one type of asset into another. Thanks to this feature, it eliminates the need for an exchange like Coinbase. It also has the ability to stake cryptocurrencies such as Tezos, Cosmos, and the Compound Finance platform. With this service, it replaces other applications that offer you rewards through crypto coins.2. Ledger Nano S (Hardware Wallet)source: Ledger
As one of the industry’s most popular hardware wallets, the Ledger Nano S supports a variety of cryptocurrencies, including more than 1,500 digital assets.
What makes Ledger different from other wallets is its hardware design. The wallet is actually a USB stick. This means that when it’s not plugged in and not in use, it’s completely offline. Stores your private key on a secure chip in the device. It protects your private key for you from bad actors and hackers.
For additional security measures, logging in to the Ledger Nano S requires a special PIN. But this input method is randomized each time. All you need is to have a computer or smartphone that can support the device.3. Atomic Wallet (Desktop and Mobile Wallet)
Similar to Exodus, Atomic Wallet allows you to hold, trade, and buy shares of your cryptocurrency assets in one place. It also has an eye-catching user interface that has been developed to provide an attractive trading experience.
