A digital wallet is an app on your phone that allows you to safely store and send cryptocurrency. There are different types of wallets, but this article will focus on mobile wallets.
We’ll take a look at our six favourites. All of these are very easy to use, but they also have some unique features that set them apart from the crowd. However, you can find more if Click here.
Bread or BRD as it is sometimes known is a free iOS wallet that allows you to send and receive Bitcoin, Ethereum, and Litecoin. It’s open source and decentralized, which means no one controls the network or your money.
What we liked about Bread is that it has a simple user interface for sending and receiving cryptocurrency on iOS devices. It does not require you to use a private key for transactions (unlike Coinbase). The app is available for iPhone and iPad users on the App Store.
Jaxx is a multi-currency wallet that supports Bitcoin, Ethereum, Litecoin, and several other currencies. It is available for iOS devices like iPhone and iPad.
From a convenience standpoint, Jaxx has a built-in exchange that allows you to buy or sell cryptocurrency from within the app. You can also use the integrated Jaxx ShapeShift Integration to convert between different currencies without leaving the application or visiting external websites or exchanges.
3. base coins
Coinbase is one of the most popular and secure digital wallets available. It has a reputation for being one of the easiest to use, making it a good choice for beginners. The company also provides users with a platform that allows them to buy and sell cryptocurrency, as well as manage their holdings through an app or website.
Since Coinbase supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash (four of the most popular cryptocurrencies), it is also useful for storing small amounts of cryptocurrency.
4. Trusted Wallet
Trust Wallet is a secure, free, open source and decentralized wallet. Supports Ethereum and all ERC20/ERC223 tokens. This wallet allows users to transact on the Ethereum blockchain without running a full node or having to sync the entire blockchain. It offers native support for all ERC20 tokens and has a user-friendly interface that makes it easy for anyone to interact with the Ethereum network.
Mycelium is a mobile bitcoin wallet available for Android and iOS devices. It’s been around since 2008, and it’s open source. This means that you can read the code to see how Mycelium protects your bitcoins.
It also has a very robust security system: it uses HD (hierarchical deterministic) keys for account recovery, which means that if you lose your phone or someone steals it and you guess your password incorrectly several times in a row (this is called brute force ), they will not be able to access your funds.
If Mycelium was ever compromised in any way, an attacker wouldn’t be able to steal your money. Because even if they somehow got into his device without knowing my password (which is impossible), or brute-forced it, none of his private keys would be known.
Abra is a digital wallet that allows you to buy, sell, and store cryptocurrency. It is a mobile first cryptocurrency trading platform that allows you to invest in cryptocurrencies without owning them.
Abra is a non-custodial wallet, which means it does not keep your funds on its servers or systems. This makes it different from Coinbase and other exchanges where they store their coins off-site when using their basic features (eg buying and selling).
The wallet will generate a private key for you, which acts as a password to access your funds. This means that only you have access to the funds stored in your wallet, no one else has access to them unless they gain physical access to your device or steal your private keys!
We hope this article has helped you determine which digital wallet is right for you. If there’s one thing we learned from our research and testing, it’s that every crypto investor has their own unique needs. So if your favorite wallet isn’t on this list, don’t worry, there are many more options available!