This article explains the differences between the available wallet types out there so that you can choose a wallet to hold your cryptocurrency securely. Let's dive right in, shall we?
When choosing a crypto wallet, you want to consider security, user-friendliness, and compatibility with different types of cryptocurrencies. Now, onto the good stuff.
Custodial crypto wallets
For custodial wallets, Coinbase Wallet is like the James Bond of wallets - sleek, secure, and always reliable. Another good one is Binance, the Godzilla of crypto exchanges, offering a wallet with a wide range of supported coins.
Non-Custodial crypto wallets
On the non-custodial side, we have Trust Wallet, the Swiss Army knife of crypto wallets, supporting a wide range of coins and also decentralized apps. Then there's Ledger, the Fort Knox of crypto wallets, known for its top-notch security.
Wallets that will support NFTs
And for the NFT enthusiasts, MetaMask is your go-to. It's like the Louvre of NFTs, allowing you to display and interact with your digital art collection.
What is the safest wallet for crypto?
If you trust yourself, a non-custodial cold storage wallet will be the absolute safest. What is a cold storage wallet? A cold storage crypto wallet is a type of cryptocurrency wallet that is not connected to the internet. It is used to store the user's private keys in a secure offline environment, protecting them from hacking attempts and other online vulnerabilities. Examples of cold storage wallets include hardware wallets and paper wallets. Some examples of cold storage wallets include:
Ledger Nano S