Register for streaming realtime charts, analysis tools, and prices.
Nowadays, crypto wallets have a significant value in the daily routine life of a lot of people. It has been a decade that cryptocurrency emerged in the market. A lot of people think that it is very useful and the best substitute for paper currency.
Especially today where a pandemic has spread everywhere and where a lot of economies are now relying on digital currency, crypto wallets are the most assumed tool for trading.
There are a lot of companies that provide digital transaction services, especially in the banking industry. There is a huge competition between the companies for catching the customers.
If you haven’t used cryptocurrency ever and want to step in, then this guide is for you. We will be talking about some of the best crypto wallets available in the market in 2021.
So, here are the picks ours.
3 Best Crypto Wallets in 2021
Exodus
Exodus is assumed to be a crypto wallet for beginners. It comes with functions that are very easy to use. The interface for this crypto wallet is very simple and customer-friendly. The type of exodus crypto wallet is Hot Wallet.
The best part of this crypto wallet is that the purchase cost of this wallet is free. So you don’t need to pay any price to get this desktop version of the crypto wallet.
Moreover, it comes with easy to swap features. You can swap between a growing number of cryptocurrencies. As we discussed, this crypto wallet is assumed to be a wallet for beginners.
Its simplicity allows a user to get himself into the crypto space. The customer support of this crypto wallet is great. The support of Exodus makes beginners understand the platform easily.
Actually, support is very important for the users. A lot of people think that they have entered a very confusing market.
Where it is an ideal option for beginners, a lot of advanced users find some lacking problems in some features of this platform.
So we could say if you are an advanced user you could go for the other advanced problems.
Moreover, it is a closed source wallet. One of the most important things, there are some security concerns shown by the customers for this crypto wallet. One of the main reasons is that it is not an open-source platform for everyone. Check out Safepal coupons.
Pros:
- Variety of cryptocurrencies
- Built-in exchange
- Excellent customer support
Cons:
- Not an open-sourced software
Electrum
To begin with, there are a lot of similarities between Electrum and Exodus. The type of Electrum crypto wallet is Hot Wallet.
The purchase cost of this wallet is free as Exodus has. There are two compatible hardware wallets for Electrum. The name of the two compatible wallets as Trezor and Ledger.
In the competitive market, it is assumed to be one of the original bitcoin wallets. Electrum stepped into the market after two years of bitcoin invention. The year was 2011.
When it comes to an interface, this crypto wallet is assumed to be a bar-bone in digital currency. There are a lot of complex options in Electrum. Usually, advanced users use this platform for trading.
The best part is, it is an open-source platform. It allows the users to set customer transaction fees. You will be finding another option where you get a selection option between legacy bitcoin and segwit.
There are different levels of security. It depends on the customer. They can set a level of security as per their requirement.
Whether the security level is one with two-factor authentication or a multi-signature wallet. You can get a lot of discounts at different offers on this platform.
Pros:
- Customizable transaction fees
- Excellent level of security
- You can customize seed phrase
Cons:
- Only works for bitcoin
- No customer support
Mycelium
Like Electrum, this crypto wallet is also an open-source platform. Moreover, one major difference in features is that you can use it only on a mobile.
It is only committed with Bitcoin, ETH, ERC-20 tokens, and FIO token. The user interface of this crypto wallet is more refreshed. Mycelium comes up with a built-in exchange feature.
Like Electrum, this crypto wallet is one of the earlier wallets in the space. Also, there is an option of setting custom transaction fees.
Pros:
- Suitable for a hardware wallet.
- Customizable transaction fees.
- Open-source software.
Cons:
- Only for Mobile phones
Verdicts
The verdicts are that crypto wallets have a significant value in the daily routine life of a lot of people. It has been a decade that cryptocurrency emerged in the market. A lot of people think that it is very useful and the best substitute for paper currency.
Especially today where a pandemic has spread everywhere and where a lot of economies are now relying on digital currency, crypto wallets are the most assumed tool for trading.
This guide could help you in picking the right option for your needs.
