Compare the best crypto wallets in 2022

Wallets let you conveniently store your cryptocurrency and keep it safe. Learn how they work and compare the best ones on this page.
By: Prash Raval
Prash Raval
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or… read more.
Updated: May 10, 2022
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This beginner friendly page explains everything you need to know about crypto wallets. Learn what they are, how they work, what to look out for when choosing one, and compare the best ones in this handy guide. 

What are the best crypto wallets?

Below you will find a list of the best wallets overall catering for a wide range of uses. Click any of the links below to start using a wallet to securely store your cryptocurrency.

1
Min. Deposit
$10
Promotion
User Score
10
Award-winning Cryptocurrency trading platform
60+ Cryptoassets available to invest in
FCA & Cysec regulated
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.
2
Min. Deposit
$1
Promotion
User Score
9.3
The worlds most popular hardware wallet
Buy, Manage and Secure your crypto in one place
Compatible with over 100+ cryptocurrencies
Start Trading
Payment Methods:
BitPay, Credit Card
Full Regulations:
3
Min. Deposit
-
Promotion
User Score
8.7
The worlds most popular hardware wallet
Buy, Manage and Secure your crypto in one place
Compatible with over 100+ cryptocurrencies
Start Trading
Payment Methods:
BitPay, Credit Card, PayPal
Full Regulations:
4
Min. Deposit
$0
Promotion
User Score
8.5
International team of specialists across engineering, cryptosecurity and Bitcoin core development
An all-in-one solution to securely manage your digital assets with ease
The BitBox02 features a dual chip design with a secure chip. The source code has been independently audited by security researchers and is fully open source
Start Trading
Payment Methods:
Full Regulations:
5
Min. Deposit
-
Promotion
User Score
7.9
24/7 Support available
Simple and secure wallet
Over 45 major blockchains supported
Start Trading
Payment Methods:
Full Regulations:

Top crypto wallets

Wallets come in all shapes and sizes from hardware devices to simple to use mobile apps. Depending on your requirements, one wallet may be more suitable than another. Below we’ve selected the best wallets for different categories to help you make the right choice.

Best hardware wallet – Ledger Nano S

The Ledger Nano S is a small device similar to a USB stick that lets you store cryptocurrency offline. Through its integration with other wallets and apps users are able to safely store various coins including all the leading ones like Bitcoin, Ethereum, and Ripple. 

It has advanced security features and your coins will be kept safe, even if connected to an infected computer. As it has no battery, as soon as it is disconnected from a computer or phone it goes offline, further adding to its security. It’s one of the most affordable hardware wallets out there and there are no subscription fees to pay for using it. 

However when moving funds out of the wallet, you may be charged a transaction fee, depending on the cryptocurrency you are transferring. Its small size, security features, and affordable price makes it our top rated crypto hardware wallet.

Sign up with Ledger Nano >

Best online wallet – Nuri

Nuri is an online platform that offers users the best of both worlds; it doubles as a traditional banking service, as well as a non-custodial crypto wallet. The platform also has facilities to trade cryptocurrencies and has its own debit card that can be used for spending fiat currency and crypto. 

It is a European blockchain bank and is a good solution for anyone wanting to store their crypto without the need for external devices. When signing up with Nuri, users not only get a crypto wallet, but also an EURO bank account making it an easy way to purchase and store Bitcoin and Ethereum  directly. 

One of Nuri’s best features is its crypto earning account. It lets you put your crypto to work and through its partnership with Celsius Network, you can earn 5% annual interest on your Bitcoin holdings. Overall, Nuri’s multiple features, ease of use, and interest payments, make it the top rated online crypto wallet.

Sign up with Nuri >

Best mobile wallet – Guarda 

The Guarda mobile wallet is one of the most secure crypto wallets on the market and supports over 50 blockchains and over 400,000 digital assets. It’s easy to use app makes it a good choice for beginners entering the crypto space. While its many advanced features such as staking and loans, are suited to experienced crypto investors. 

Users can download the Guarda wallet app for free on both iOS and Android, and setting it up takes just a few minutes. Although there are transaction costs associated with it which vary depending on the network you use. Guarda also has its own exchange, where you can buy and sell crypto but charges 3.5% per transaction. 

The wallet can also be accessed online via the Guarda website and a downloadable desktop version is also available. Users of the mobile app benefit from increased security such as fingerprint or facial recognition authentication. 

Sign up with Guarda >

Best spending wallet – Wirex 

Wirex is an account that lets you store, spend, and exchange cryptocurrencies. Users are able to buy and sell bitcoin, as well as more than 50 other coins while using its app or web based platform. Buying crypto with fiat such as GBP, EUR, and USD is an easy process and comes with a 2.5% transaction fee. 

The platform makes it easy to spend your money through its debit card which are available to users in Europe and the United States. Europeans are able to apply for a Mastercard, while users based in America can use the Wirex Visa card. An added advantage of using the debit card is earning 2% on all spending, paid in Wirex tokens. 

There are a range of fees to take into account before using Wirex, although they will depend on your location. For example, if you want to earn the highest rate cash back on spending, you’ll need to pay a monthly subscription of up to £29.99. There’s also a crypto exchange rate fee in addition to a 1% charge for exchanging cryptocurrencies. 

Sign up with Wirex>

What is a crypto wallet?

It is a programme or software where cryptocurrency is stored, similar to a bank account. Wallets come in different forms including web based wallets, mobile wallets, and hardware wallets. You don’t always need to use a wallet, as you can often store your coins directly with your broker or exchange. Although wallets provide extra security features not available on most trading platforms. 

How does a crypto wallet work?

Wallets consist of two ‘keys’. One is public, known as the wallet address and the other is private, often referred to as the PIN number. Below is a brief description of each. 

  • Wallet address. A wallet address is a public key and works like an account number. As its name suggests, it is publicly available and anyone can view it. It is the address for people to send cryptocurrency to. 
  • PIN number. The PIN number is a private key and known only by the wallet owner. It is used when sending cryptocurrencies and consists of a long number. Certain wallet types don’t require you to know your PIN, while others like hardware  wallets do. 

When using a wallet you will need both keys to make any transactions. If you are transferring crypto from one wallet to another, you will require the public key (address), to know where to send your coins. To send crypto to another wallet from yours, you will require the private key (PIN number). 

How should I choose a crypto wallet?

There are a lot of factors to think about when choosing the right crypto wallet for you and depending on your needs, some may be more important than others. Below we’ve included a few of the main things you should consider when choosing a wallet. 

  • Fees. If you want to use a hardware wallet, you’ll have to pay for a device. Online or mobile wallets are usually free, although all three often have fees you need to consider. Sending and receiving crypto has charges associated with it, as does trading coins. 
  • Number of cryptos supported. If you plan on using your wallet to store a range of assets then you’ll need to find one that supports it. It’s possible to find wallets that let you hold thousands of coins, but it’s a good idea to check before you start using one, especially if you want to store some lesser known tokens. 
  • Security. The main reason most people use wallets is for security, so choosing one which has extra features is recommended. Mobile wallets offer things like fingerprint and facial recognition. Hardware wallets are usually the most secure, as they’re completely offline. 
  • Extra features. If you want to use a wallet for more than securely storing your crypto then you’ll need to find one with extra features. Some wallets offer a range of added benefits such as staking, lending, and trading. Before you start using a wallet, make sure you check out all of its features. 

Should I use a crypto wallet?

If you’re looking for extra security and privacy when making crypto transactions, then using a wallet is recommended. Wallets are usually free, (unless you’re using a hardware device) and are more secure than storing coins with an exchange or broker. The best ones offer lots of extra features and there are lots of different options to choose from so you’ll easily be able to find one that fits your needs.

Pros and cons of crypto wallets 

To help you decide whether a crypto wallet is right for you, you can check out the pros and cons below. 

Pros

  • Wallets provide extra security features which you won’t find on an exchange .
  • Some wallet platforms offer extra services like earning interest, staking, and lending. 
  • Most wallets are free – other than hardware wallets which come with a one off fee.

Cons

What are the fees for crypto wallets?

Usually a crypto wallet will be free, although of course, there will be a one off payment required for using a hardware wallet. Wallets don’t tend to have subscription fees, however some do if you want extra features. You’ll also need to take into account transaction fees when buying and selling coins. Each platform will have its own fee schedule, so it’s worth checking the terms before using one.

Do I need to use a wallet to buy cryptocurrency?
Is a hardware wallet better than an online wallet?
Can my wallet get hacked?
Can I access my Bitcoin if I lose my private key?
What is a paper wallet?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.