💸 Lost money in crypto last year? You can save thousands on your taxes. Learn more 🔍 SURVEY: Most investors don’t know that crypto losses can lead to massive tax savings! Learn more Product How CoinLedger Works Tax Reports NFT Tax Software For Tax Professionals Portfolio Tracker new Integrations Learn Crypto Taxes 101 USA Australia Canada United Kingdom India Ireland Germany New Zealand South Africa Spain Sweden Crypto Tax Guides Blog Learn Crypto Basics About Us Pricing Tax Reports (DIY) Professional Services Sign Up Log in Product How CoinLedger Works Tax Reports NFT Tax Software For Tax Professionals Portfolio Tracker new Integrations Learn USA Australia Canada United Kingdom India Ireland Germany New Zealand Japan Denmark Spain South Africa Sweden Crypto Taxes 101 Crypto Tax Guides Blog Learn Crypto Basics About Us Pricing Tax Reports (DIY) Professional Services Log in Sign Up Tools / 10 Best Cryptocurrency Wallets in December 2024 Expert verified 10 min read

10 Best Cryptocurrency Wallets (December 2024)

Written by: Miles Brooks Written by: Miles Brooks Director of Tax Strategy

Miles Brooks holds his Master's of Tax, is a Certified Public Accountant, and is the Director of Tax Strategy at CoinLedger.

Reviewed by: David Kemmerer Reviewed by: David Kemmerer Co-Founder & CEO

David Kemmerer is the Co-Founder and CEO of CoinLedger. David has been deeply involved with the cryptocurrency industry since 2017.

Our Editorial Standards: Our content is designed to educate the 500,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More on this page

Wondering what the best cryptocurrency wallet for you is? In this guide, we’ll break down the best software and hardware wallets for investors in 2024. 

You can also use CoinLedger's Crypto Wallet Balance Checker to see the value of assets held in your wallet.

Wallet Best For Supported Blockchains/
Cryptocurrencies Rating Coinbase Wallet Beginners Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Solana, etc. 4.8 stars MetaMask Ethereum Ethereum, ERC-20 tokens, Layer 2 solutions like Polygon 4.8 stars Guarda Cryptocurrency Selection 50+ blockchains including Bitcoin, Ethereum, Cardano, Solana 4.2 stars Crypto.com DeFi Wallet DeFi Staking 30+ blockchains including Ethereum, Bitcoin, Crypto.com 4.2 stars Trust Wallet Binance and Binance.US Users 70+ blockchains including Bitcoin, Ethereum, Solana, Litecoin 4.2 stars Exodus Customer Support 364 cryptocurrencies including Bitcoin, Ethereum, Solana 4.1 stars ZenGo Easy Account Recovery 9 blockchains — including Bitcoin, Ethereum, and Dogecoin! 4.1 stars Ledger Hardware Wallet Integration 5,000+ cryptocurrencies 4.8 stars Trezor Open-Source Hardware Security 1,000+ cryptocurrencies 4.2 stars KeepKey Price 7,000+ cryptocurrencies 3.6 stars

The best software wallets 

Coinbase Wallet Learn More Coinbase Wallet is a mobile app and browser extension wallet made by Coinbase, one of the world’s biggest cryptocurrency exchanges. The wallet allows you to buy crypto directly from Coinbase, easily transfer crypto from your Coinbase account, interact with DeFi protocols, and store hundreds of different cryptocurrencies! Price

Free

Cryptocurrencies

Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Stellar Lumens, Ripple, and Solana

Rating

4.8 stars

Why didn’t Coinbase Wallet get a higher rating?

Currently, Coinbase Wallet only supports 8 blockchains. In addition, while Coinbase Wallet allows users to self-custody their crypto and is a separate product from the Coinbase exchange, some crypto investors prefer to steer clear of products made by centralized exchanges entirely.

MetaMask Learn More MetaMask is a popular mobile wallet and browser extension. Known for its easy-to-use interface, MetaMask is a top choice for investors exploring NFTs and DeFi protocols on Ethereum. Price

Free

Supported Blockchains

Ethereum, ERC-20 tokens, and Layer 2 solutions like Polygon!

Rating

4.8 stars

Why didn’t MetaMask get a higher rating?

MetaMask has shown no plans to start supporting cryptocurrencies that are not EVM-compatible — such as Bitcoin and Cardano.

Guarda Learn More Guarda Wallet is available on desktop, mobile, and browsers! Guarda is known for supporting many different types of blockchains and crypto-assets. According to Guarda’s website, the wallet supports more than 400,000 cryptocurrencies! Unlike the other wallets on this list, Guarda currently does not support NFTs. Price

Free

Supported Blockchains

50+ blockchains including Bitcoin, Ethereum, Cardano, and Solana!

Rating

4.2 stars

Why didn’t Guarda get a higher rating?

Guarda’s built-in exchange charges relatively high fees (3.5%).

Crypto.com DeFi Wallet Learn More The Crypto.com DeFi Wallet is great for investors who are looking to dip their toes in DeFi. The Crypto.com DeFi wallet integrates with your Crypto.com exchange account — allowing you to easily transfer cryptocurrency between the two platforms. The wallet also offers features like staking rewards on multiple cryptocurrencies and an Ethereum gas tracker! Price

Free

Supported Blockchains

30+ blockchains including Ethereum, Bitcoin, and Crypto.com blockchain!

Rating

4.2 stars

Why didn’t Crypto.com DeFi Wallet get a higher rating?

Some investors may not want to use a wallet created by a centralized exchange. Also, the Crypto.com DeFi wallet charges a 0.05% service fee on staking rewards.

Trust Wallet Learn More Trust Wallet is a software wallet created by Binance. The wallet offers interoperability with Binance and Binance.US — making it easy to trade and transfer your assets between the Binance exchange and Trust Wallet! Price

Free

Supported Blockchains

70 supported blockchains including Bitcoin, Ethereum, Solana, and Litecoin!

Rating

4.2 stars

Why didn’t Trust Wallet get a higher rating?

Trust Wallet does not support some of the security features that other wallets offer — such as two-factor authentication through an authenticator app. In addition, some investors may not wish to use wallets created by a centralized exchange.

Exodus Learn More Exodus is a beginner-friendly cryptocurrency wallet available on desktop and mobile. Exodus supports more than 300 crypto-assets! The wallet also features an in-built exchange as well as chat and email support for users! Price

Free

Supported Cryptocurrencies

364 supported cryptocurrencies including Bitcoin, Ethereum, and Solana.

Rating

3.9 stars

Why didn’t Exodus Wallet get a higher rating?

Exodus is a closed source software and does not support two-factor authentication.

ZenGo Learn More ZenGo is one of the most user-friendly wallets on the market. ZenGo has a killer feature: each wallet has two ‘mathematical secret shares’ — one for the user and one on the company’s server. This means that unlike other wallets, you’ll be able to recover your ZenGo wallet if you lose access to your ZenGo private keys. Price

Free

Supported Blockchains

9 blockchains — including Bitcoin, Ethereum, and Dogecoin!

Rating

4.1 stars

Why didn’t ZenGo get a higher rating?

Some customers complain that ZenGo transfers take longer than other crypto wallets, and that ZenGo’s best security features are only available to paying customers.

The best hardware wallets 

Ledger Learn More Ledger is one of the world’s most popular hardware wallets. Ledger supports more than 5,000 cryptocurrencies and can integrate with software wallets like MetaMask and Guarda. Ledger’s cheapest model, the Ledger Nano S Plus, costs $79. Price

$79 for cheapest model

Supported Cryptocurrencies

Bitcoin, Ethereum, Binance Smart Chain, Cardano, Solana, and 5,000+ more cryptocurrencies!

CoinLedger Rating

4.8 stars

Why didn’t Ledger get a higher rating?

Ledger operates on closed-source software.

Trezor Learn More Trezor is one of the cheapest hardware wallets on the market — with the Trezor One costing just $69! Currently, Trezor supports around 1,000 cryptocurrencies. Price

$69 for cheapest model

Supported Cryptocurrencies

Bitcoin, Ethereum, Binance Smart Chain, Cardano, Solana, and 1,000+ other cryptocurrencies!

CoinLedger Rating

4.2 stars

Why didn’t Trezor get a higher rating?

Some customers complain that Trezor’s plastic body feels fragile. In the past, security firms have claimed that they found exploits to physically hack into a Trezor wallet.

KeepKey Learn More KeepKey is one of the cheapest hardware wallets on the market. KeepKey wallets are frequently on sale — with the KeepKey Hardware Wallet sold for as low as $49! However, KeepKey wallets only support around 40 cryptocurrencies — meaning it’s not a good choice if you’re looking for storage for altcoins. Price

$49 for cheapest model

Supported Cryptocurrencies

7,000+ cryptocurrencies — including Bitcoin, Ethereum, and Litecoin!

CoinLedger Rating

3.6 stars

Why didn’t KeepKey get a higher rating?

Customers report that KeepKey’s hardware is lower quality than other cold wallets. Also, KeepKey supports a limited amount of cryptocurrencies than other cold wallets.

What is a crypto wallet? 

Cryptocurrency wallets are applications that allow you to securely store, send, and receive cryptocurrencies.

Why do I need a custodial wallet? 

Many cryptocurrency advocates use the phrase ‘Not your keys, not your crypto’. This phrase essentially says that if your cryptocurrency is stored on an exchange, you are not the true owner of the crypto. 

While cryptocurrency exchanges offer a convenient way to trade and store cryptocurrency holdings, you may lose access to your crypto if your account is frozen, the security of the exchange is breached, or the exchange goes bankrupt. 

In recent years, crypto investors have lost access to their holdings after exchanges like BlockFi and Voyager filed for bankruptcy .

How does a crypto wallet work? 

A cryptocurrency wallet consists of public keys and private keys. Public keys are similar to bank account numbers — they show your cryptocurrency balance without compromising the security of your account. Meanwhile, private keys allow the wallet owner to access their cryptocurrency and sign off on transactions.

What type of wallet should I choose? 

Not sure what type of wallet is right for you? Let’s walk through the differences between hot and cold wallets. 

Hot wallet: A hot wallet is a wallet that’s connected to the Internet. These types of wallets can make it easier to perform specific actions such as trading NFTs and accessing DeFi protocols.  Cold wallet: A cold wallet (or hardware wallet) generates and stores your private keys offline. Cold wallets eliminate the risk of someone hacking your online wallet and stealing your cryptocurrency. 

What to consider when choosing a wallet 

Here are a few factors to keep in mind before you choose a cryptocurrency wallet. 

Reputation: Unfortunately, scams and hacks are rampant in the cryptocurrency space. It’s important to choose a cryptocurrency wallet with a solid reputation. 

Purpose: Before you choose a wallet, it’s important to understand why you’re in the market for a cryptocurrency wallet in the first place. The best wallet for you may differ based on your unique needs. For example, a hot wallet like MetaMask may be a good fit if you’re looking to experiment with decentralized protocols, while a cold wallet might be a good fit if you’re simply looking to hold your cryptocurrency for the long-run. 

Blockchains supported: Before you choose a wallet, take a look at the list of supported blockchains to make sure your crypto-assets can be supported. 

What type of security features should I look for? 

Unfortunately, hacks and scams are rampant in the cryptocurrency space. Here are a few security practices to keep your wallet safe. 

Watch out for phishing scams: ‘Phishing’ is a common scam in the cryptocurrency space — which usually involves hackers using a suspicious link to gain access to your crypto. Be careful before clicking any links you receive online. 

Keep your private keys safe: Remember, your private keys can be used to access your wallet. They should be stored in a safe place — not on an Internet-connected device! 

Consider a hardware wallet: If you’re willing to spend money, you should consider getting started with a hardware wallet like Ledger. Since hardware wallets store your private keys offline, they are considered the gold standard for security. Hardware wallets can integrate with software wallets — allowing you to securely interact with decentralized applications. 

How do I track value of my crypto across different wallets? 

If you’re like most crypto investors, you’re likely using multiple wallets and exchanges. Unfortunately, this can make tracking the total value of your holdings difficult — as you’ll need to flip between multiple platforms. 

That’s where a crypto portfolio tracker can help. CoinLedger connects to hundreds of wallets and exchanges — giving you a real-time look at your crypto portfolio! 

‍ Get started with CoinLedger for free.

Frequently asked questions

What is a crypto wallet? 

A cryptocurrency wallet allows you to store, send, and receive cryptocurrency easily and securely. 

Which is the best crypto wallet? 

The best crypto wallet for you may differ depending on your specific needs. Coinbase Wallet is good for beginner investors looking for a software wallet with a wide range of supported cryptocurrencies. 

What is the most secure wallet for crypto? 

Hardware wallets like Ledger and Trezor are great options for investors looking for secure storage!

Which crypto wallet has the lowest gas fees? 

In most cases, you’ll pay relevant blockchain gas fees on trades and transactions. Most cryptocurrency wallets do not charge separate fees. 

Should I put my crypto in a wallet?

Putting your cryptocurrency in a self-custody wallet is considered the best option for security. In the past, investors have lost crypto stored in exchanges due to hacks and bankruptcies.

CryptoTrader.Tax is now CoinLedger. Learn more CRYPTO TAXES OVERVIEW How are cryptocurrencies taxed? How do you report cryptocurrencies on your taxes? What's the tax rate for cryptocurrencies? Track your crypto portfolio for free.

Join 500,000 people tracking their gains and losses with CoinLedger.

Written by: Miles Brooks Director of Tax Strategy

Miles Brooks holds his Master's of Tax, is a Certified Public Accountant, and is the Director of Tax Strategy at CoinLedger.

About the Author Reviewed by: David Kemmerer

Co-Founder & CEO

Edited by:

KNOWLEDGE BASE

Demystify Crypto Taxes

The Ultimate Crypto Tax Guide (2024)

This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.

Crypto taxes overview

Crypto Tax Rates 2024: Complete Breakdown

Here’s how much tax you'll be paying on your income from Bitcoin, Ethereum, and other cryptocurrencies.

Crypto tax rates

How Crypto Losses Can Reduce Your Taxes

Crypto and bitcoin losses need to be reported on your taxes. However, they can also save you money.

How crypto losses lower your taxes

Calculate Your Crypto Taxes

No credit card needed Instant tax forms No obligations Get Started For Free Crypto taxes done in minutes. United States United States Australia Canada New Zealand Germany Japan Ireland Austria Switzerland Denmark Spain France Sweden South Africa United Kingdom Product How It Works Reviews Pricing Tax Professional Suite Tools Crypto Tax Calculator Crypto Profit Calculator Crypto Portfolio Tracker Crypto Balance Checker Crypto
Dashboard Bitcoin Rainbow Chart Bitcoin Dominance Chart Crypto Converter Crypto Fear and Greed Index Company About Us Partner With Us Careers Press Contact Us Compare Blog Support FAQs Help Center Security Legal Terms & Conditions Privacy Policy Disclaimer User Links Crypto Tax Guides Affiliate Program Find a Crypto Tax Expert Tools Login Annual Crypto Tax Report Country Site Map Agencies Crypto Lawyer Directory © Copyright 2024 - Coin Ledger, Inc. Contact Support Jump to

---