Did you know that there are more than 300 million crypto users across the world in the year 2022? Using crypto is becoming an increasingly popular way to spend money and invest. If you plan on hopping on the cryptocurrency bandwagon then you’re going to need to make sure that you’re getting crypto wallet apps.
There are tons of effective options out there when it comes to types of crypto wallets, so doing your research is important. Some wallets come with benefits that you’ll love, while others might not be quite the fit that you were hoping for. You also don’t want to run the risk of getting locked out of your crypto wallet account.
The good news is that you’re in the perfect place to learn all about the crypto wallets that are the best options for your needs in 2022. Keep reading this article to learn about 12 great crypto wallet apps today!
1. Pionex
Pionex is a great crypto wallet for anyone that plans on doing lots of trading with their cryptocurrencies. It doubles as a crypto wallet and an exchange, which makes it a great asset for you. You can hold Bitcoin and forty other types of cryptocurrencies in your Pionex wallet.
You’ll also gain the ability to purchase Bitcoins and other types of crypto using your credit card through Pionex. There is also the ability to trade with free bots so that you don’t have to monitor the market on your own time.
Another great benefit that you’ll gain from using Pionex for your crypto wallet is the low fees that come with it. Some crypto wallets charge large fees that will cut into your wealth. You won’t have to worry about that when you download the Android or iOS Pionex app.
2. eToro
If you want to invest in and trade cryptocurrencies like most people trade traditional stocks then you’ll want a wallet that can accommodate that. eToro is designed to meet the needs of a traditional investor that likes traditional asset investment.
You can track and manage your Bitcoins and other forms of cryptocurrency, or trade them on the market straight from the eToro app. You can also copy-trade Bitcoin with help from Bitcoin trading experts and their trading strategies.
There is also the option to sell your Bitcoin for fiat currency through different banks and credit cards through eToro. Ethereum, Litecoin, and Stellar are other popular forms of crypto that your eToro wallet can accommodate.
Some of the features that come with eToro are the ability to trade Bitcoin with margins up to five different times and use auto-purchases of Bitcoin through the app. You can also pursue speculative trading with Bitcoin thanks to eToro.
The big drawback to using eToro is that it doesn’t support a number of notable cryptocurrencies on the market. It is a great option if you’re looking at the types of crypto wallets that are free to download and use.
3. CoinSmart
CoinSmart is a great solution for anyone that needs crypto wallet apps that allow for converting cryptocurrencies into fiat currency. This option allows for different crypto wallets that accommodate up to 12 different forms of cryptocurrency. You can also monitor and track your investment portfolio with cryptocurrency thanks to the CoinSmart wallet’s features.
You’ll gain access to the ability to purchase crypto through SEPA, handle wire transfers, as well as direct crypto transfers into your wallet. You can exchange the crypto in your wallet for other forms of cryptocurrency or for fiat currency.
There are a number of notable features that you should know about CoinSmart crypto wallets. They provide a guarantee that you’ll receive your crypto on the same day that you provide your fiat currency funding. They also allow you to swap out unpopular forms of crypto prior to trading them for Bitcoin.
If you want a crypto wallet that provides a great deal of convenience then you can’t go wrong with CoinSmart. It also works in app form on both iOS and Android devices.
4. Crypto.com
Crypto.com is a great option for people in the world of cryptocurrency that want a wallet that is perfect for high-stakes traders. The wallets through Crypto.com come with high-interest rates so you need to be aware of that before you sign up. The great thing about these wallets is that they will allow you to store hundreds of different cryptocurrencies in them.
Many people want to get crypto wallet apps because they’re easy to swap one form of crypto for another. They even make it simple to exchange your cryptocurrencies for fiat currency. Crypto.com caters to those needs by providing users with a custom Visa credit card.
You can use this credit card to pay for goods and services. You can also use it to withdraw money when you find bitcoin atms. If you’re an active day trader with cryptocurrency then you’ll definitely want to sign up with Crypto.com.
5. Coinmama
Converting your favorite cryptocurrencies into fiat currency can be a pain in the neck at times. Coinmama looks to help you solve your frustrations with these conversions thanks to their crypto wallet for smartphone.
You’ll have the ability to purchase crypto through Coinmama using your credit card or debit card. Keep in mind that Coinmama doesn’t offer an internal wallet service, so you’ll need to set up a wallet through a different provider and connect it with Coinmama when you make a trade or purchase.
The biggest benefit that you’ll gain with Coinmama is the quick and easy purchase of crypto using your credit card. It also supports a number of forms of payment, from Apple Pay and Google Pay to MasterCard and Visa. The only drawback is the lack of support for other forms of crypto on the market.
6. Exodus
If you’re planning on investing in a number of cryptocurrency types then you’ll want to make sure that you have a wallet that allows you to keep everything in one spot. Exodus is a great solution for the person that wants a diverse crypto portfolio. It is an excellent online crypto wallet that allows you to store your coins and trade for more.
It comes with live price charts for a number of forms of cryptocurrency. You’ll have an easy time monitoring changes in the market, which makes trading and investing that much easier.
There are tons of positives that come with choosing Exodus when you need crypto wallet apps. Exodus supports hundreds of different cryptocurrencies, and you can use them on your smartphone device or your computer. You can buy and sell any and all supported cryptocurrencies with Exodus right from your phone’s app.
The major downside to Exodus is the lack of an open-source code. It also lacks custom fees for cryptocurrencies like Ethereum.
7. Mycelium
Mycelium is a great alternative to Exodus if you’re looking for a crypto wallet that is tailored to diversified crypto holdings. You’ll have a ton of control over your cryptocurrencies thanks to the private keys that Mycelium provides. It also comes with some security features that allow you to lock your account on your phone using a secret PIN.
It comes with a local trading feature that makes trading your currencies for others a breeze. Mycelium also comes with a significant amount of educational content that will help you grow your wealth with cryptocurrencies.
The major con of Mycelium is that it is difficult for beginners to learn and use. It also lacks an option to log into your account from a desktop computer.
8. Trezor
Trezor is different from many crypto wallet apps listed in this article because it is a hardware program. It allows you to store up to 100 different types of cryptocurrency offline in a secure location until you’re ready to use these coins. You can sign and verify your different transactions with crypto while offline to keep your wealth safe from hackers.
If you’ve invested in large amounts of crypto and you don’t want to risk losing it then you need to get Trezor. It is the surest way to get peace of mind that your crypto is safe. You can manage your investment portfolio while sending and receiving crypto in a secure manner.
The biggest issue that you’ll encounter with Trezor is the fact that it costs you money to use this crypto wallet account. They also have a reputation for providing less-than-stellar customer service.
9. Electrum
If you’re an experienced crypto user and you’re looking for great crypto wallets that are perfect for trading then look no further than Electrum. Electrum is a software crypto wallet and it is known as one of your best options if you plan on using Bitcoin a lot. You’ll get a local backup of your wallet along with a private key to access it.
Your Electrum wallet is also encrypted for the highest level of security possible. You should have little issue integrating your Electrum wallet with hardware wallets like Trezor, which is an added plus.
It also allows you to sign for offline transactions that you use crypto for. The only drawback of note with Electrum is the lack of buying and selling crypto through this wallet. Many other wallets make buying and selling accessible and easy.
10. Wasabi Wallet
There is a lot of mystery surrounding the world of cryptocurrencies, so it is no surprise that some users want transparency with their crypto wallet apps. Wasabi Wallet works with CoinJoin to conceal your identity from other users when you make transactions.
You’ll also get a more transparent history of your transactions, which is great when it comes to your accounting and personal finances. You can sync Wasabi Wallet with hardware wallets like Trezor if you want to combine privacy with security as a crypto trader.
It is also available with a number of operating systems. You can use Wasabi Wallet with macOS, Windows, Linux, and Ubuntu.
You won’t have access to mobile support with Wasabi Wallet, which is a big downside. It also lacks a crypto exchange since it is new to the crypto wallet market.
11. Opolo
If you’re new to using hardware crypto wallets then Opolo is a great place to learn and gain experience. This wallet is new and still in the pre-order stages. Still, it is one of the most secure options on the market if you want a crypto wallet account.
It comes with the ability to make easy backups that you can recover if anything ever happens to your device. Opolo also comes equipped with a great crypto exchange for buying or selling. You can store or trade up to 120 different forms of crypto when you choose to use Opolo.
Opolo is a bit costly compared to other crypto wallet options, so be prepared to spend some money to get it. It is also new to the market so it isn’t as proven as other options.
12. Cobo
It’s about time that someone developed crypto wallet apps for gamers and developers. Cobo is a cloud-based crypto wallet option that gives you access to private keys on your mobile phone. This crypto wallet for smartphone is compatible with iOS or Android devices and it is perfect for sending or receiving crypto.
Cobo makes it easy to stake and earn more crypto, and it uses an EAL5+ chip to ensure that you have top-notch security for your wealth. There are more than 20 different chains that work with Cobo and more than 700 different tokens.
One thing to consider is the lack of in-wallet trading with a Cobo crypto wallet. The good news is that it is free and easy to use for beginners.
Start Using These Crypto Wallet Apps Today
Crypto wallet apps are changing the ways that consumers spend money and investors grow their wealth. There are tons of great options when you’re looking at types of crypto wallets in 2022.
Hardware crypto wallets like Trezor give you the ability to back up your wallets and protect your wealth. Other options like Cobo are perfect for developers since this crypto wallet account is compatible with 20 different chains.
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