Best Crypto Wallets : 5 Top Crypto Wallets

Looking for the best crypto wallets to store your Bitcoin and other cryptocurrencies? This is a simple step-by-step guide for beginners on the types of crypto wallets and the best crypto wallet to store your digital assets such as Bitcoin, Ethereum and other crypto coins and tokens.

Hello, I’m Blooming Umoren.👋 In today’s tutorial, I’m going to review the best crypto wallets to store and protect your crypto investments over time. Specifically, we will be exploring the 5 top crypto wallets to consider when deciding how to protect your crypto.

Crypto is one of the easiest assets to steal and it’s important to understand how to protect it and store it safely and securely.

In this article, I also highlight the pros and cons of each type of crypto wallets and where to buy the best crypto wallet. When choosing a crypto wallet, it’s important to consider several factors such as security, ease of access, costs, functionality and more.

If you have any question(s), leave them in the comments section below and I will answer them. Feel free to connect with me on Youtube, Facebook, Instagram or Twitter.

So let’s go straight into today’s tutorial:

Types of Crypto Wallets

There are basically two types of crypto wallets.

  1. Hot wallet
  2. Cold wallet

In one of our previous tutorials, I explained the difference between a cold and hot wallet. If you missed that class, see link below as I will be building on that tutorial.

 📚  READ:  HOT  VS.  COLD  WALLETS  EXPLAINED ✅   

In summary, hot wallets are crypto wallets that are connected to the internet and can be accessed over any device connected to the internet such as laptop, phones, apps etc. Cold wallets are sometimes called hardware wallets or cold storage wallets. These are the most secure types of wallets because they are not connected to the internet.

What is the best crypto wallet?

Cold wallets or hardware wallets are rated as the best and most secure devices to properly store your crypto coins and token. The top 3 crypto hardware wallets are:

1. Ledger Nano X

Ledger Nano X  is the best crypto wallet. With the Ledger Nano X, you can store, manage and grow over 5,500+ coins and tokens including Bitcoin, Ethereum, Cardano, and more. It uses industry-leading certified security chips and infrastructure to protect your crypto assets and private keys. 

Technically, when you own any coin or token, what you truly own is the private keys to these digital assets. These private keys are what gives you access and ownership of the coins and tokens.

Features of Ledger Nano X: 
Cost: $199 CAD     Type: Cold wallet (hardware device)
  1. Bluetooth-enabled hardware crypto wallet
  2. Buy and sell crypto
  3. Supports over 5,500+ coins and tokens
  4. Install up to 100 apps at the same time
  5. Swap or exchange crypto in seconds
  6. NFTs managing available
  7. Connect via Bluetooth or USB cable
  8. Check account balance
  9. Connector: USB Type-C
  10. Size: 72mm x 18.6mm x 11.75mm
  11. Weight: 34g
  12. Mobile friendly. Perfect for managing your crypto & NFTs on the go.
  13. Stake coins such as Cosmos, Algorand, Polkadot etc and earn staking rewards
  14. Lend your stable coins such as DAI, USDC and USDT to generate more coins
  15. Box Contents: 1 hardware wallet, 1 USB-C to USB-A cable, 1 getting started leaflet, 3 recovery sheets, 1 keychain strap
  16. Compatibility: 64-bits desktop computer (Windows 8.1+, macOS 10.14+, Linux) excluding ARM Processors. Please note that our devices and the Ledger Live App are not compatible with Chromebooks. Also compatible with smartphones (iOS 13+ or Android 7+). The device is not suitable for mining. Firmware updates require the Nano X to be connected to a computer via USB.

Best Crypto Wallet - Ledger Nano X -Blooming Umoren

✅ To buy your cold wallet securely and safely directly from the manufacturer, use link below:

🔒SHOP LEDGER NANO X? CLICK HERE 

Safegaurd your crypto, NFTs and token with the Ledger Nano S Plus. A budget-friendly crypto hardware wallet. With the Ledger Nano S, you can install up to 100 applications. To optimize capacity needs, you can install and uninstall apps as needed and your crypto will still be stored offline and securely. 

Ledger Nano S is powered by certified security chips to ensure maximum security, ownership and control of your crypto.

Features of Ledger Nano S Plus: 
Cost: $114 CAD Type: Cold wallet (hardware device)
  1. Budget-friendly crypto hardware wallet.
  2. Buy and sell crypto
  3. Supports over 5,500+ coins and tokens
  4. Install up to 100 apps at the same time
  5. DeFi & NFT friendly
  6. Connect via USB cable
  7. Check account balance
  8. Swap or exchange crypto in seconds
  9. Connector: USB Type-C
  10. Size: 62.39 x 17.40 x 8.24mm
  11. Weight: 21g
  12. Box contents: 1 hardware wallet, 1 USB-C to USB-A cable, 1 getting started leaflet, 3 recovery sheets, 1 keychain strap
  13. Swap or exchange crypto in seconds
  14. Grow your crypto investments by staking and lending
  15. Compatibility: 64-bits desktop computer (Windows 8+, macOS 10.8+, Linux) excluding ARM Processors. Also compatible with smartphones Android 7+.

Ledger Nano S Plus - Blooming My Money Coach - BLOOMING UMOREN

✅ To buy your cold wallet securely and safely directly from the manufacturer, use link below:

🔒SHOP LEDGER NANO S PLUS? CLICK HERE 

Manufactured by SatoshiLabs, Trezor Model T is an advanced crypto hardware wallet that helps to protect your crypto coins and tokens, passwords and other digital assets and keys from theft and hacks. 

Trezor Model T supports over 1200+ coins and tokens including Bitcoin, Ethereum, Cardano, Monero, Uniswap and many more. It also securely manages your digital identity via password manager, universal 2nd factor (U2F) and many more.

Features of Trezor Model T: 
Cost: $249EUR Type: Cold wallet (hardware device)
  1. Advanced crypto hardware wallet
  2. Available on PC and mobile devices 
  3. Supports over 1200+ crypto coins and tokens
  4. Connect via USB cable
  5. Serves as password manager
  6. Universal 2nd factor authenticator

Trezor Model T - Blooming My Money Coach - BLOOMING UMOREN

✅ To buy your cold wallet securely and safely directly from the manufacturer, use link below:

🔒SHOP TREZOR MODEL T? CLICK HERE 

Operated by Binance – the largest crypto exchanges by trade volume with over 400+ coins and tokens, Trust wallet, is a software crypto wallet. It is also classified as a hot wallet because it is connected to the internet. 

With Binance Trust Wallet, you can send, receive and store Bitcoin and many other cryptos and NFTs including Bitcoin, Ethereum and many more coins and token in your wallet.

Trust Wallet is a mobile wallet that supports over 53+ blockchains and it’s available for download on Apple iOS, Google Play Store and Android.

Features of Trust Wallet: 
Cost: Free Type: Hot wallet
  1. Free mobile crypto wallet
  2. Buy crypto with credit card
  3. Stake crypto to earn interest
  4. Swap or trade crypto within secs
  5. Store stablecoins in mobile wallet
  6. Available on any mobile device

Binance Trust Wallet - Blooming My Money Coach - BLOOMING UMOREN

✅ To learn more about the Binance Trust Wallet, use link below:

🔒 GET TRUST WALLET? CLICK HERE 

Founded in 2011, Electrum is a Bitcoin software crypto wallet. It is also classified as a hot wallet because it is connected to the internet. 

Electrum supports primarily only Bitcoin and and it’s available for download on desktop and mobile devices.

Features of Electrum Wallet: 
Cost: Free Type: Hot wallet
  1. Free mobile Bitcoin wallet
  2. Available on desktop and mobile devices
  3. Supports hardware wallets such as Ledger, Trezor and Keepkey
  4. Store Bitcoin easily and fast
  5. One of the best Bitcoin only wallets

✅ To learn more about the Binance Trust Wallet, use link below:

🔒 GET ELECTRUM WALLET? CLICK HERE 

Below is the next article to walk you through how to buy your first Bitcoin.

Questions?🤔

If you have any question(s), leave them in the comments section below. Feel free to connect with me on Youtube, Facebook, Instagram or Twitter.

See you in the next class! 👋

LET'S GET STARTEDStart Crypto Course Now ✅

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I’m Blooming Umoren. I enjoy teaching about stock market & cryptocurrencies investing as long term cornerstones for creating and building multi-generational wealth.


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