- Coinbase is one of the best online multi-cryptocurrency wallets available. It has an incredible track record of providing a chilling user experience.
Finding the best multi-cryptocurrency wallets in 2024 to store your funds is as important as selecting the best asset to invest in. The Bitcoin price is expected to hit a new high. As a result, many fraudulent wallets could be emerging. With a plethora of options available in the market, selecting the best wallet can be a daunting task. To navigate this complex terrain, we’ve curated a comprehensive guide to help you identify the best crypto wallets suited to your needs.
Understanding Crypto Wallets: Before delving into the specifics, let’s first understand the fundamental types of crypto wallets:
Types of Cryptocurrency Wallets
There are five types of cryptocurrency wallets namely:
Online Wallet: These wallets are available in the cloud, and can be accessed on different devices with an internet connection.
Mobile Wallets: Mobile Cryptocurrency Wallets are Android applications that enable cryptocurrency users to store, receive, and buy digital assets on their mobile phones. It works with the internet just like Online wallets.
Desktop wallet: A Desktop Wallet is a secure way of storing cryptocurrencies and managing the private keys on a computer hard drive.
Hardware Wallet: This type of Cryptocurrency Wallet is very different from the software wallets. Hardware Wallet stores users’ private keys on a more secure hardware device. They are stored in a protected area of a microcontroller, and cannot be transferred out in plain text, which is more secure.
Paper Wallet: Paper Wallet is an offline method of storing cryptocurrency. It involves the printing of private keys and wallet addresses on paper.
Online wallets are perfect but have their bad sides. It’s specifically good in terms of password recovery and contacting support for help. With offline wallets, they are more secure, but once your backup code gets lost, you have lost access to your wallet forever. We will address the Offline wallets later.Â
This article will focus on presenting a few Online multi-cryptocurrency wallets that are highly recommended.
Coinbase – Multi-cryptocurrency wallets in 2022
Coinbase is one of the best online multi-cryptocurrency wallets available. It has an incredible track record of providing a chilling user experience. It is well-secured, convenient, mobile-friendly, and currently supports several cryptocurrencies.
Currently, Coinbase supports Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, XRP, Stellar Lumen, Dash, and many more. Coinbase is available in a lot of countries for cryptocurrency storage services but has limited availability for countries that intend to use their Buy and Sell feature.Â
Password Recovery: Yes
Backup Code: No
Fee: Free
Wallet Type: Mobile, Web
Guarda Wallet
Guarda is another reliable wallet that offers storage services for multiple cryptocurrencies. It supports almost all the major cryptocurrencies and several altcoins including Dash, Zcash, and many more.
Guarda has since its inception improved its services so well that it’s recognized as one of the most secure wallets on the internet.
Password recovery: No
Backup Code/Phrase: No
Fee: Free
Wallet Type: Desktop, Web, Mobile.
