
Coinbase Wallet
Coinbase Wallet is a digial cryptocurrency wallet that provides a platform to store, exchange, buy, and sell multiple types of digital currencies. The wallet functions seperately from the coinbase application however, funds can be...Read more
Trust Wallet is a cryptocurrency wallet, which enables businesses to store, buy, exchange and collect non-fungible tokens (NFTs) and cryptocurrencies. Professionals can utilize the DApp browser to access decentralized applications...Read more
MyEtherWallet is a cryptocurrency wallet that helps organizations generate wallets, manage contracts and interact with the Ethereum blockchain. It is an open-source application, which allows users to monitor and manage domains and...Read more
Jaxx is a cryptocurrency management platform that comes with mobile wallets, digital currency exchanges, and pricing comparisons. The wallet provides real time pricing data, which allows users to follow trends, analyze prices, and...Read more
CoinPayments is a cryptocurrency wallet, which enables merchants, professionals and businesses to store, receive, convert, send and exchange cryptocurrencies. Users can receive notifications about various payment statuses includin...Read more
Trezor Wallet is a web-based cryptocurrency wallet, which helps traders control their funds, initiate transfers, and manage balance. The platform lets users manage transactions of a variety of digital tokens and coins, including L...Read more
Lumi Wallet is a cryptocurrency wallet application that helps individuals utilize cryptography, private keys, and encryption to securely store crypto assets on a centralized platform. It enables users to buy, sell, and exchange mu...Read more
USDX Wallet is a blockchain wallet application designed to help users transfer cryptocurrencies, store and encrypt data and validate payments using two-factor authentication. The application enables users to send funds using the...Read more
Atomic Wallet is a cryptocurrency wallet, which helps traders send and receive a variety of cryptocurrencies from within a secure platform. The application lets users stake multiple assets, such as Cosmos (ATOM), Tezos (XTZ), Tron...Read more
TokenPocket is a secure multi-chain digital cryptocurrency wallet that supports the exchange of Bitcoin, Ethereum, Polkadot, TRON, EOS, IOST, BOScoin, Polygon, and more. Built on the DApp portal, TokenPocket can easily connect wit...Read more
Cake Wallet is a multi-chain cryptocurrency wallet designed to help individuals manage and conduct Monero, LiteCoin, and Bitcoin exchanges. Cake Wallet allows users to manage and backup multiple wallets and accounts locally or to ...Read more
Freewallet is a cryptocurrency wallet that allows users, worldwide, to buy, store, send, and exchange over 150 cryptocurrencies. Freewallet secure transactions and keep your assets safe with 2fac authentication, fingerprint login...Read more
Ember Fund is a managed cryptocurrency wallet app that allows users to retain control of all their assets. Ember Fund is a non-custodial wallet system that can secure cryptocurrency assets without having full control over all asse...Read more
We are living in a digital era, where it's not just our files and documents that are stored digitally, but our money can be stored digitally as well! So how can we store digital currency securely?
If you are a financial professional in any business and you buy digital currency on any platform such as a trading platform or exchange, you may have multiple options to store it. For instance, you may have the option to leave the “keys” to your coins within the account, but you also have an option to move your digital currency to a personal wallet known as a cryptocurrency wallet. Cryptocurrency is digital currency, secured by cryptography, which resides on decentralized networks based on blockchain technology.
Cryptocurrency wallets such as Bitcoin wallets are personal wallets. Crypto-wallets provide users with a digital solution for securely storing and managing blockchain assets and currencies. These digital wallets could be of different types such as paper wallet, custodial wallet, internet-connected software wallet (web wallet) or an offline hardware-based wallet, also known as a cold-storage wallet.
In this buyer's guide, we’ll explain what a cryptocurrency wallet is, its common features, its benefits, selection considerations, and the latest trends that software buyers should not overlook.
Here's what we'll cover:
A cryptocurrency wallet is a software program that helps businesses securely purchase, store, sell and manage various cryptocurrencies and blockchain assets. These digital wallets allow users to spend, receive, trade, and manage cryptocurrencies.
A crypto-wallet does not physically store blockchain assets. Instead, crypto-wallets securely store public keys as well as private keys that authenticate the ownership of your digital money and allow you to make crypto-transactions. Public keys point to the address of your funds on the currency’s blockchain and are shared when you wish to receive payments. On the other hand, private keys are unique to an individual’s cryptocurrency wallet, which are never shared, and are required to conduct any transactions related to their cryptocurrency assets.
While many crypto-wallets allow users to hold multiple currencies such as Bitcoin, Ethereum, and Dogecoin, others will only support a single cryptocurrency. Crypto-wallet solutions ensure that the cryptocurrency owner is the only entity who can access the funds by requiring elaborate passwords and other security measures. Users can access cryptocurrency wallets from their smartphones as well as computers.
Cryptocurrency wallets can be utilized by multiple businesses accepting payments through cryptocurrency payment gateways to securely store or exchange blockchain assets.
Cryptocurrency sending and receiving in Electrum Software (Source)
Below are some common features in a cryptocurrency wallet software that prospective buyers should not ignore:
Cryptocurrency sending and receiving | Send and receive digital currencies such as cryptocurrency using a digital wallet. |
Cryptocurrency storage | Store public and private keys for your digital currency. |
Real-time reporting | Metrics on all the transactions involving cryptocurrency in real time. |
Cryptocurrency exchange | Sell or buy digital currency or convert fiat currency into digital currency using a crypto-exchange website or service. |
Data security | Security measures to ensure that private keys are only accessed by the owner of the cryptocurrency assets. |
Multi-coin support | Support and store more than one crypto-asset in the digital wallet. |
Transaction history | Store history of each and every crypto-transaction pointing to where the cryptocurrency was first produced. |
Transaction management | Manage crypto-transactions such as amount transferred, issuer’s available funds, recipients, and more. |
Before evaluating crypto-wallet software, it is recommended to determine your use case:
Here are the key benefits of a crypto-wallet:
Note: The application selected in this guide is an example to show a feature in context and is not intended as an endorsement or recommendation. It has been taken from sources believed to be reliable at the time of publication.