There are a lot of different types of wallets that people can make use of, such as hardware and software, online and paper, as well as cold and hot storage as well. It should be noted that not all crypto wallest are created equal. In fact, some wallets are restrictive. Because of that, there is need to do enough research and ensure that you choose the best multi-currency wallet that is diverse.
If you have diversified your crypto portfolio already you have to keep your coins in a safe place. We have created a list of some of the best multi-currency wallets and we think the list will help you when making your own decisions.
What should you look for in a multicurrency wallet?
When you choose a multicurrency wallet you should look for the following:
- Security
- Privacy
- Ease of use
- Support numerous cryptocurrencies so that you do not have to get different wallets for different wallets.
Best multiple currency wallets
Ledger
Ledger Nano X is a hardware wallet that was launched in 2019 and it is a new member of the Ledger family. It comes in a form of a stylish USB flash drive and it has buttons that are fitted to it that make it easy for the user to navigate. It supports over 1 200 coins including Ripple, Bitcoin, Stellar, Ethereum, and many others.
It is compatible with any mobile, Windows, macOS, and Linux. It is a wireless wallet as well that makes use of the Bluetooth Low Energy connectivity feature. This Ledger Nano does not need any cable for it to be connected to iOS or Android devices.
Trust Wallet
Trust Wallet is a multi-currency hierarchical deterministic wallet that supports Bitcoin, Ethereum, Ripple, Stellar, Tezos, Bitcoin Cash, Zcash, Ethereum Classic, VeChain, TRON, Theta, ERC20 tokens, and BEP2. This wallet is made available on iOS and Android devices.
A Trust Wallet provides users with the Web3 browser that can interact with any decentralized application and will be protecting you from third-party inventions. The non-custodial Trust Wallet provides all its users with a high-security level meaning that the only one that will own the information about private keys is you.
Coinomi
Coinomi is a secure blockchain wallet that is compatible with desktop devices like Linux, macOS, Windows, and iOS, and Android mobile devices. This type of wallet supports over 125 blockchains and thousands of tokens. Some of the tokens supported include Bitcoin, Ethereum, Bitcoin Cash, Dash, Dogecoin, Monero, and many more.
The multi-currency wallet is user-friendly and this makes it easy for users to utilize Coinomi. It comes with in-built exchanges so that you can easily swap one crypto to another right in a wallet without using any exchange. The main advantage of this Coinmo is privacy. To provide more security, it creates a new wallet address for every transaction that you make so you can make sure your private key will never leave the wallet.
Exodus
Exodus is a desktop-supported multi-currency wallet that offers its users a simple design and stylish interface. It was founded in 2015 by JP Richardson and Daniel Castagnoli. The desktop wallet is available for Windows, Linux, and Mac and it supports over 100 cryptocurrencies some of which include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and many more.
The mobile wallet is available for iOS and Android. As Exodus launched a mobile application for wallet not so long ago, the mobile version supports only 59 currencies. Exodus is a lite wallet meaning that there is no need for you to store a blockchain on your computer. Users will be provided with high-security levels. All of your data will remain confidential so there will not be any need for you to set up an account or to register.
Jaxx
Jaxx is a desktop and mobile multi-currency wallet that was created by Anthony Di Lorio who is the co-founder of Ethereum. Jaxx was launched in 2014 and it is noted to be compatible with Windows, macOS X, Linux, iOS, and Android with an extension for Google Chrome meaning that you can easily access Jaxx wherever you may be.
Jaxx supports over 85 different assets such as Bitcoin, Ethereum, Dash, Ethereum Classic, Bitcoin Cash, Litecoin, OmiseGO, Dai, and more. Jaxx comes with a built-in ShapeShift and Changelly API which are third-party cryptocurrency exchange services that give you the access to exchange one cryptocurrency to another without leaving the Jaxx app.
Trezor
Trezor is the first-ever hardware wallet that was launched by SatoshiLabs in 2014. It supports over 1000 cryptocurrencies that include Bitcoin, Ethereum, Ripple, Bitcoin Cash, Tether, Litecoin, and many others. It has protecting features like:
- All operations linked to private and public keys can be conducted after PIN authentication only.
- BIP39 passphrases are used here.
- Passwords are never stored on the hardware.
- You can restore a recovery seed and get your assets back if you lose your wallet.
BRD
BRD is a hot mobile wallet that is made available to users for both iOS and Android. It was launched in 2015 in Switzerland. Though it is considered to be one of the best Bitcoin wallets it is excellent multi-currency storage. It however supports a few coins such as Ethereum, a lot of ERC20 tokens, Bitcoin, and Bitcoin Cash. You are not required to authorize with BRD. There will be a decentralized application that will be connecting to the blockchain using your paper key.
Infinito wallet
Infinito Wallet is a multi-asset wallet that has a built-in exchange supporting several currencies like Bitcoin, Ethereum, Cardano, EOS, Cosmos, Tron, Binance, USDT-Omni, DASH, Ethereum Classic, Bitcoin Cash, Litecoin, NEO, Doge, Ontology, Tomochain, as well as 2 000+ tokens such as INFT, ERC-20, NEO NEP-5 & NEO Global Asset, EOS tokens, BEP2, TRC10, and TRC20. The developers of this wallet primarily emphasize its safety as its security combines passphrase, password, and touch ID.
Coinbase
Coinbase is a digital currency wallet founded in 2012 but it was launched as a wallet. Back then developers created the GDAX cryptocurrency exchange on its basis. GDAX is included in the Top 20 of the largest exchanges. Coinbase allows you to store coins such as Bitcoin Ethereum, Ripple, Tether, Bitcoin Cash, Bitcoin SV, Litecoin, Binance Coin, and others. The wallet application is available for Android and iOS devices
Edge Wallet
Edge is a non-custodial HD wallet that was launched as a Bitcoin wallet known as AirBitz in 2014. Sometime in 2017, AirBitz was renamed Edge and this wallet then became a multi-currency that has a built-in exchange. Edge is a private wallet that does not have access to users’ accounts. For them to provide much privacy, accounts will not connect to any personality.
It is a decentralized wallet without a third-party invention and supports various crypto assets like Bitcoin, Ethereum, Litecoin, Monero, Ripple, Bitcoin Cash, Dash, Augur REP, Wings, Zcoin, Stellar and more.
Freewallet
Freewallet is an online multi-currency wallet that supports a lot of currencies like Bitcoin, Ethereum, and more than 30 crypto tokens. It is noted to enable free transactions between the Freewallet users. You will even be able to buy cryptocurrencies with the help of a credit card.
It is not a web wallet only but is also available for mobile devices to download as well. Freewallet provides some of the best features like multi-signature transaction confirmation, 2-factor authentication, and many more that you will get to see for yourself.
How to choose the best multi-currency crypto wallet
- You have to choose a secure one
- Choose one that offers customer privacy
- Choose one that supports numerous coins and tokens
How to get a wallet for multiple currencies
To get a wallet for multiple currencies you can either go on Apple or Google Play Store to get these. You have to make sure that you pick the right one.
How to keep your cryptocurrency safe
- You should not enter your recovery phrase on any website which is no your wallet or your device. All those malicious apps and phishing emails will often redirect those unsuspecting users to fake websites so that they steal their money.
- You should not publicly disclose on social media or anywhere else the amount of crypto that you own.
- You should make sure that you always double-check all addresses before you get to send a transaction.
- You should always store your private key or your recovery phrase offline and make sure that it is in a secure location.
Conclusion
There are a lot of choices that people are given when it comes to picking the wallet that you would want to store all sorts of currencies that you might have. You just have to make sure that the one that you choose will be supporting numerous currencies so that you do not go through the whole process of looking for another wallet to store other currencies.
