LIST OF CRYPTO WALLETS 2024

Hot wallets are any wallet connected to the Internet. Hot ones include desktop, mobile and online wallets. Such wallets provide quick access to funds and are used to conduct regular transactions.

Desktop (local) cryptocurrency wallets are divided into decentralized and centralized. When installing decentralized wallets, the full history of the blockchain is downloaded. Such applications do not have central servers, each user has a copy of the blockchain.

Centralized cryptocurrency wallets are connected to third-party servers that store the main part of the blockchain. The application stores only the user's transaction history, private keys, passwords and seed phrases.

Mobile cryptocurrency wallets function in the same way as desktop wallets. They are vulnerable to viruses and malware. Online wallets are connected to the blockchain through a browser interface. Private keys are managed by users or wallet administration. The second option is less safe. Wallets often offer multisig to solve this problem.

BitPay is a cryptocurrency wallet for working with Bitcoin, Bitcoin Cash, Ethereum, Ripple and Tether tokens. The app is open source and integrated with Ledger and Trezor hardware devices. The purchase and sale of tokens is possible through the internal exchanger.

BitPay implements two-factor authentication and multisig features. In the wallet, you can exchange cryptocurrency for fiat and manage tokens on different platforms.

In addition to the mobile version for iOS and Android, BitPay cryptocurrency wallet is available for download on Windows, macOS and Linux. Users can buy gift cards from major US online retailers. It should be noted that in Russia, payment for goods or services with cryptocurrency is prohibited.

MetaMask decentralized cryptocurrency wallet is based on the Ethereum blockchain and is used to work with ERC-20 tokens. MetaMask service existed as a browser extension for Google Chrome, Yandex Browser, Firefox and Brave Browser. The mobile version of the wallet has appeared relatively recently.

MetaMask keys are generated on the device. Therefore, only wallet users have access to funds and confidential data.

MetaMask cryptocurrency wallet has the ability to integrate with Ledger and Trezor. The wallet is open source. MetaMask is popular among traders who trade on decentralized exchanges on the Ethereum blockchain (like Uniswap).

Atomic Wallet is a multi-currency platform supporting over 300 tokens. In addition to the desktop version for Windows and macOS, mobile apps for iOS and Android are available. The application does not require a permanent internet connection, all data is stored on the user's device.

Two-factor authentication and multisig are not implemented in Atomic Wallet. Security is ensured by a password requested for each transaction. To restore access to the application, a backup phase is provided, which is generated from 12 words.

No registration or KYC is required to use Atomic Wallet, which ensures anonymity. The cryptocurrency wallet offers staking options. At the moment, 9 cryptocurrencies are available for staking, including TRON, XTZ and ATOM.

JAXX cryptocurrency wallet is a cross-platform software. In addition to the desktop for Windows, macOS and Linux, there are mobile applications for iOS and Android, as well as a web version. JAXX wallet is multicurrency and supports over 80 tokens.

JAXX does not have two-factor authentication, it has a history of hacks. It should be noted that two-factor authentication does not always help. Implemented fiat exchange within the wallet via Simplex. Also, the application has a built-in Blockchain explorer.

The possibility of staking has not been implemented.

Electrum is one of the oldest cryptocurrency wallets, created in 2011. The wallet is open source and only stores part of the blockchain history. Private keys are created and stored on the user's device. Electrum can be installed on Windows, macOS, Linux, and Android operating systems.

Electrum servers are decentralized. Implemented multisig and two-factor authentication. Private keys can be set to cold address mode. Besides Bitcoin, there are Bitcoin Cash, Litecoin and Dash versions.

Electrum can be integrated with Ledger and Trezor. To speed up the transaction, the wallet provides for the replacement of the fee (you can increase the size of the transfer fee) and CPFP (child pays for parent) feature. The essence of the second option is to create a CPFP transaction with an increased commission, which compensates for the low fee of the first transfer. Both parties can speed up a transaction.

MyEtherWallet was created by Ethereum developers. The service only supports ETH and ERC-20 tokens. In addition to the browser version, the MyEtherWallet apps are available for iOS and Android.

MyEtherWallet is open source. The wallet can be integrated with Ledger, Trezor, Digital BitBox and KeepKey cryptocurrency wallets. The wallet can work autonomously through the desktop version. No blockchain network download is required.

All MyEtherWallet user passwords are stored directly on the device being used. The service does not store cryptocurrency, but provides an address and a key.

Blockchain cryptocurrency wallet was created in 2011. Despite the security concerns, the service is quite popular. It supports Bitcoin, Bitcoin Cash, Ethereum, Stellar, and USD Digital.

Blockchain implements crypto loans and escrow. Transaction data is stored on servers. The service also has partial control over user accounts. A limit on transfers from the administration may be set for an account in the Blockchain.

Verification is not required to conduct transactions and receive transfers in the Blockchain. Personal identification is required with an annual volume of 1000$. Cryptocurrencies can be bought with a credit / debit card. Also, in addition to the browser version, Blockchain mobile applications for iOS and Android are available.

The Cryptonator multicurrency wallet supports over 10 tokens (Bitcoin, Ethereum, etc.). You can convert cryptocurrency into dollars, euros, rubles and sterling.

Cryptonator users do not have private keys, passwords are stored on the servers of the cryptocurrency wallet. The user can only configure the security of his personal account by activating two-factor activation and other protection methods.

Verification to use Cryptonator is optional. The service also has a full-fledged Russian version. In addition to the browser version, applications for iOS and Android are available.

Cold wallets do not have an internet connection. Hardware wallets act as cold wallets. These are special devices that resemble a USB flash drive. They are used for cold storage of tokens. The devices work autonomously, without an internet connection.

Hardware cryptocurrency wallets are the most secure because they cannot be hacked without physical access to them. Hardware devices are connected to the network only during transactions.

Ledger hardware cryptocurrency wallets support over 1000 cryptocurrencies. Legran Nano S users can work directly with decentralized exchanges, integration with a number of online wallets (MyEtherWallet, Elecrtum, etc.) is also possible.

Ledger Nano X cryptocurrency wallet can connect to mobile phones via Bluetooth and has a battery for autonomous work. It allows you to manage your wallet and conduct transactions directly from your phone.

Passwords are encrypted in the Ledger's memory. Operations are carried out in the device memory, without outputting data to a computer or the Internet.

SafePal supports 20 blockchains and over 10 thousand currencies and tokens. Users can work with decentralized applications. SafePal stores keys offline. To control the device, you need to download the application for iOS or Android.

In order to transfer information from the SafePal cryptocurrency wallet, there is a built-in video camera that can read QR codes. Also, the wallet has an IPS display for using the menu and displaying transactions.

There are no built-in NFS, Bluetooth and Wi-Fi modules in SafePal. The device has seven sensors that activate the self-destruction of keys when an attempt is made to hack the device by hardware or software. The device also supports mnemonic set of 12, 18 and 24 words.

Trezor cryptocurrency wallet was created in 2014. It is the first hardware wallet that supports cold storage of cryptocurrency. The main models are Trezor T and Trezor One.

The Trezor T wallet is an evolution of the Trezor One. It has a Touch Screen display. You can also connect a Micro SD to Trezor T with subsequent data encryption.

Despite the reliability of the hardware custodians, Trezor cryptocurrency wallet is vulnerable. By opening the chip inside the device, you can gain access to confidential data. Therefore, if the device is lost, theft of funds is possible.

When choosing a cryptocurrency wallet, the size of the amount for storage, the regularity of transactions, the security of the wallet, the convenience of working with it, and the storage period of tokens (in the short or long term) are taken into account. In other words, the choice of a cryptocurrency wallet depends on the specific goals of the user.