The best crypto wallets come in many forms, but at the core, they function to keep your digital assets secure.
Are you looking to invest in cryptocurrency in 2023? Are you worried about choosing the right crypto or BitCoin wallet? Today we are going to help you choose the best crypto wallets in 2023 if you are planning to invest for the long term.
If you’re a crypto enthusiast, you’ll need to choose the best crypto wallets to keep your private keys and digital assets safe. A cryptocurrency wallet is an app that lets people trade, sell, and store their digital currency with high security.
But here is a pitfall: choosing the best crypto wallet can be an arduous task since many options are available on the market.
We’re here to help with that.
Below is a list of the seven best crypto wallets for 2023, each with its pros, cons, and best features.
So, read along, and find the cryptocurrency wallet that’s right for your trading needs in 10 mins or less.
Best Crypto Wallets – A Detailed Comparison
Before we dive deep into each crypto wallet online, let’s quickly compare them based on a few parameters.
Ledger Nano X
|Encrypt private keys
|Private access keys
|Keyless crypto security and 3FA authentication
|24-word recovery phrase, CC EAL5+ secure element
|Encryption via GPG, U2F and FIDO2 authentication
|Encryption in browser and protected via MetaMask password
|Windows, iOS, Android
|Chrome extension, Windows, iOS, Android
|Browser, iOS, Android
|Android and iOS
|Windows, Android, Mac, iOS
|Windows, Android, Mac, iOS
|iOS and Android
7 Best Crypto Wallets for 2023
Due to the immense popularity of crypto trading, the growth rate of the crypto wallet market is expected to grow at 24.4% CAGR from 2022 to 2030.
It’s time for you to choose the best crypto wallet!
Let’s look at the top seven crypto wallets for 2023 that are excellent options for beginners and advanced investors who trade frequently.
Exodus can hold almost every cryptocurrency under the sun, making it one of the best crypto wallets for 2023. In addition, the handy mobile app allows users to purchase 260+ cryptocurrencies with robust built-in security features.
- Supports 260+ digital currencies and NFTs
- Robust connectivity with third-party devices/apps
- 24*7 customer support line available
- Top-tier flexibility with other wallets
- Support buying/swapping various cryptocurrencies and NFTs
- Free to download and use
- Quick customer support
- Buy bitcoin with Apple Pay
- Compatible with Trezor T hardware and Trezor One wallet
- Lack of multi-signature support
- No native 2-factor authentication
- High transaction charges on in-wallet cryptocurrency exchange
Coinbase is the most intuitive and highly secure wallet for beginners. If you have little to no trading experience with cryptocurrencies, Coinbase is the way to get started.
- Can connect with major bank accounts
- Intuitive and easy-to-use user interface
- Can store popular coins, including Dogecoin, Litecoin, Bitcoin, Ripple, and ERC-20 tokens
- Supports over 5500 digital assets
- Multi-signature support available
- Two-factor authentication support for better security
- Easy to navigate Coinbase interface
- Directly link with Coinbase exchange for easy transaction
- Built-in earning feature available
- Less secure compared to hardware wallets
- Customer service takes time to respond
- Available only on mobile and tablet devices (except for Chrome extension)
Another best crypto wallet for 2023 is Trust Wallet, explicitly designed for mobile users. The clean and scannable user interface makes it a reliable option for NFT and decentralized app enthusiasts.
- Easy to integrate with Binance DEX
- Simple to get started on both iOS and Android devices
- Import or backup existing wallets from certain providers
- Receive and send NFTs
- Support around 1 million cryptocurrencies
- Completely free to set up and use the wallet
- Sleek and modern app design
- Trusted by more than 10 million active users
- Supports a vast range of coins and tokens
- Built-in Web3 browser
- Lack of reliable customer support
- No multi-factor authentication
- No hardware wallet support
- Minimal features compared to other non-custodial wallets
Founded in 2018, ZenGo is another simple and secure way to store your digital currencies. It is a mobile-first platform that can be accessed by Apple and Android smartphone users.
- Utilizes secret multi-party computation (MPC)
- Multi-chain compatibility to store 100+ tokens and coins
- Three Factor Authentication (3FA) available for extra security
- Built-in Web3 firewall to prevent malicious transactions
- Completely free to download with no subscription cost or microtransactions
- No complex setup process
- Streamlined user interface for beginners
- Buy direct from the ZenGo platform
- Does not work with desktop/PC
- Not fully non-custodial
Ledger Nano X
Ledger Nano X is a well-known cryptocurrency wallet that perfectly balances convenience and offline security. It is the safest way to store cryptocurrency and can be paired with iOS and Android mobile apps.
- Supports wireless connectivity with in-built Bluetooth
- Compatible with over 50 wallets
- Supports 5500 crypto assets, DeFi integration, and NFTs
- Smooth interface and high security
- Buy, trade, or exchange currencies straight from your device
- Compact and easy-to-store product
- Supports staking Ether and storing NFTs
- Excellent compatibility with a range of blockchain services
- Easy to set up Ledger Live app
- Expensive compared to other options
- Bluetooth does not work with computer
- Only 100 applications can be stored on the device
If Ledger boasts convenience and security, Trezor is an advanced security-focused alternative. It can support over 1000 digital currencies and is known to be the main competitor to Ledger.
- Supports more than 1000 digital assets
- Manage coins on Android, browser, or desktop with Native Trezor Suite
- Multiple security features that include a swathe of password/seed phrases, secondary internal wallets, and so on
- Supports integration with different exchanges to buy, sell, and trade assets
- Beginner-friendly due to smooth user interface
- Most secure hardware wallet
- Easy to switch private transactions
- Large portfolios for experienced crypto investors
- Highly expensive crypto wallet online
- Slow and inconvenient for people looking to trade digital currencies quickly
- No mobile app option
If you wish to trade Ethereum, look no further than MetaMask. The widely used and the best crypto wallet helps you access thousands of decentralized apps and tokens within the Ethereum network.
- Compatible with other blockchain solutions
- Supports popular Web3 networks such as Binance, Polygon, Avalanche, and Binance Smart Chain
- Gives complete control of private keys to users
- Easy to swap between layer one and layer two Web3 solutions
- Easy to link with the NFT marketplace
- Supports 1000+ dApps
- User-friendly and easy-to-use interface
- High fees for buying Ether
- Complex setting up of non-Ethereum-based wallets
- Less secure compared to other hot wallets
3 Other Crypto Wallets For 2023
A few other crypto wallets for 2023 include:
Blue Wallet – Best Mobile Bitcoin Wallet
Blue Wallet is regarded as one of the best bitcoin wallets for mobile. Its feature-rich mobile app, integration with the Lightning Network, and simple user interface make it ideal for beginners. It is an excellent alternative for Bitcoin traders who want a simple wallet instead of using software on a desktop computer.
- Modern design and an accessible user interface
- Import or create multiple wallets
- Supports lightning and on-chain transactions
- Added security with multi-signature vaults
- No two-factor authentication
Crypto.com – Best DeFi Crypto Wallet
The robust security feature, excellent onboarding process, and multiple decentralized finance tools make it one of the best DeFi crypto wallets. Beginners wanting to start their journey into decentralized finance can choose the DeFi wallet. It allows you to have complete control over your digital assets and private keys, making it a safe choice.
- Earn interest on 21+ cryptocurrencies
- 250+ digital coins like BTC, CRO, ETH, LTC, ATOM, etc.
- Various trading options and confirmation speed
- The built-in token swap comes with a few geo-restrictions
- If you lose your recovery phrase and private key, funds are inaccessible
For those wanting to choose an affordable hardware wallet, KeepKay could be a good option. With a price tag of $49.00, the KeepKey wallet features a beginner-friendly interface and display. The top-grade security standards make the hardware wallet safe for digital assets.
- Cost-effective wallet
- QR code-supported device display
- Heavier than other wallets
- Provides a limited number of digital coins
Choosing the best crypto wallet for 2023 can take time and effort, especially if you are a beginner. So, why not contact the experts and seek some help? Inferenz experts are just a call away!
Two Main Types Of Best Crypto Wallets
If you intend to choose a non-custodial wallet, the first step is to determine whether it’s a hot or cold wallet. The main difference between the two is whether the wallet is connected to the Internet.
- Hot Wallet: It is often free to use and is connected to the Internet. It offers add-on services like staking and trading in exchange for fees. Though the hot wallet makes it relatively easy to carry out crypto transactions, they’re vulnerable to hackers.
- Cold Wallet: Unlike a hot wallet, it is disconnected from the Internet. These tend to cost money, as users must purchase an actual piece of hardware to store it. Furthermore, as it is disconnected from the Internet, it is much safer.
Choose The Best Crypto Wallets With Inferenz Experts
Holding your digital assets on an exchange wallet can leave them at risk. Therefore, investors should consider choosing a non-custodial wallet to lock up crypto assets and get extra peace of mind.
Rather than leaving the fate of your money in others’ palms, you should focus on choosing the best crypto wallet for 2023 from our list.
If you still feel moving through each option is problematic, Inferenz experts are here to lend you a helping hand.
Our blockchain and Web3 experts will access your business or trading needs and help you with crypto exchange/wallet development services. Get in touch today!
Best Crypto Wallets FAQs
Which crypto wallet is best?
Coinbase wallet is suitable for beginners, whereas MetaMask is the best crypto wallet for Ethereum investors.
Which is the safest crypto wallet?
Trezor T is the safest crypto wallet, followed by Ledger Nano X and ZenGo. The advanced high-security features ensure that your assets are always protected.
Which crypto wallet has the lowest fees?
Coinbase and Trust Wallet are the two popular crypto wallets in this list that are free to download and use. Both cryptocurrency wallets offer robust security and help you buy, sell, and trade digital assets without paying.
How do I choose a crypto wallet?
While choosing the best crypto wallet online, you should consider features such as security, user interface, portability, multi-currency support, reputation, and so on.
What are the 5 types of cryptocurrency wallets?
The five types of crypto wallets include mobile wallets, web wallets, desktop wallets, hardware wallets, and physical media.