It seems like everybody on the Internet is talking about cryptocurrencies – BTC this, ETH that… The media, just as well as the crypto-related community, never stop spreading the news on crypto coins and tokens. However, many people forget about one very essential part of the crypto machine – the cryptocurrency wallets. You cannot get any crypto if you don’t have a place to store it in (by which we mean a cryptocurrency wallet), right? We guess the answer would be “yes”. This is exactly why ChangeNOW decided to review the best multi-currency cryptocurrency wallets of 2018 and 2019 in this article.
What is a cryptocurrency wallet?
A crypto wallet is similar to a bank account – you can store the coins in there, send and receive funds or monitor your transaction history. Having a digital wallet is not officially registered from the point of law, so, when choosing a service, the users must be extra cautious. Using a not trustworthy service may lead to losing funds. Due to this, it is important to consider all the advantages and disadvantages of each taken wallet from your personal list. ChangeNOW will surely help.
Multiple-currency (or multicurrency) services are also called universal wallets as they support more than one crypto. Having a multi wallet is convenient – you do not need to worry about having a separate wallet for each of your coins. This advantage is clear, but what about other ones? To find this out, let’s proceed to the list of the best universal wallets.
Ledger Nano S
Ledger is a hardware multi-currency wallet. The device itself looks like a USB drive and can store Bitcoin, Ethereum, ERC20 tokens, and over 30 other cryptos. The mechanism is quite simple – you just have to plug in the device and enter the password to confirm transactions.
There is one major plus of hardware crypto wallets – this type of storage is offline, so your private keys do not get exposed to the Internet. Besides, Ledger device is very affordable.
Jaxx is a crypto wallet supporting the following cryptocurrencies: Bitcoin, ETH, Dash, DAO, and Litecoin, as well as other popular coins. Besides of supporting various widely used cryptos, Jaxx is reliable. The company gives full control over the wallet to the users, and not store any private data. You can convert, send and manage coins inside the desktop application, Android and iOS apps as well as in Chrome extension.
Guarda is a crypto wallet supporting the most popular cryptocurrencies (your usual BTC, ETH, Litecoin, etc.), ERC20 tokens, and multiple altcoins. The main advantage of Guarda Wallets is in being a non-custodial service – Guarda does not store any information on their clients, including private keys and wallet data. The private keys are kept in the secure memory of the user’s device. Another point for this wallet is the ability to swap the coins without registration or verification procedures.
Exodus is a desktop cryptocurrency wallet that supports nearly thirty cryptocurrencies. The pros of this wallet start with Exodus being light – you do not need to download and store the whole blockchain on the computer. The interface of the wallet gives its users access to the wallet and full control over the data. Transactions can be made from the wallet directly with no Exodus commission.
Sure, Trezor is mostly known as a Bitcoin-centered cryptocurrency wallet. However, it also supports 14 other cryptos.
Trezor, just as well as Ledger, is a hardware wallet based on a USB-like device. The wallet operates on Zero Trust Approach which minimizes the third-party interaction. For extra safety, Trezor is protected with a PIN code and comes with a possibility of recovery in case something happens to the device itself.
Consider the points we are making here when choosing a cryptocurrency wallet. ChangeNOW is sure that the services we mention are trustworthy, however, the final decision is on the user. Find a wallet that is perfectly tailored to your needs and enjoy your crypto journey, while being protected and supported by the right wallet.