Crypto wallets are highly secured devices, services, or applications that store cryptocurrencies’ private keys (passwords), making them safe and accessible. They also provide an interface allowing you to receive, send, and spend your assets like every other exchange platform. Crypto wallets can be used on iOS and Android devices. In this article we’ll list the best mobile wallets to store your crypto on phone.
Should you use a Crypto Wallet App?
Pros
- Easy accessibility: Digital assets mobile apps allows you to access your cryptocurrencies at your fingertips.
- Security: Exchanges are prone to cyber-attacks. However, your crypto wallet mobile application’s private keys and built-in two-tier or three-tier security systems give your assets more protection layers.
Cons
- Lost devices: Lost devices might get into the wrong hands and put your funds at risk.
- Malware attack: Your coins are susceptible to malware and virus attacks as cybercriminals mainly concentrate on mobile devices for their malicious acts.
Best crypto mobile wallet for iOS and Android in 2023
As storing digital assets on exchanges is not advisable, crypto mobile wallets are some of the best alternatives. The following are the best cryptocurrency wallet applications on App Store and Google Play Store to install on your devices:
ZenGo
ZenGo is the first keyless Blockchain wallet that can be installed on both iPhone and android devices. It requires no private keys, passwords, or seed phrases to eliminate funds loss problems often resulting from password misplacement or mismanagement. Also, it has never been hacked due to its robust security system.
Jaxx Liberty
Jaxx Liberty is a non-custodial Web3 mobile wallet application that eliminates entrusting private keys to third parties. It encrypts your keys on your devices without having access to or knowledge about your keys or assets. It supports over 80 cryptocurrencies and has an intuitive interface that anyone can use to track digital asset prices and daily Blockchain news.
MyCelium
MyCelium wallet application has a built-in exchange that can help you send, receive, and store cryptos with just a few clicks. It integrates with hardware wallets, allowing crypto investors to hold their coins offline while monitoring their holdings through the mobile application interface.
Coinomi
Coinomi is a non-custodial wallet that gives crypto owners sole ownership of their private keys. It is the oldest multi-currency wallet for iOS and Android devices, supporting above 125 digital assets and 382 tokens. It is the best wallet for privacy, as no KYC, IP address association, transaction tracking, and identity linking are required to start using. Also, it offers an exchange feature on its application as it allows you to exchange from one crypto to another.
BRD
BDR is formerly known as “breadwallet” or “bread.” It is an easy-to-use crypto wallet that can be used on iOS and Android devices. It is a non-custodial wallet with highly powerful security. It allows you to create a custom pin as an additional security layer and offers a password recovery package. It requires no sign-up and has garnered over 10 million users across 170 countries since it started in 2014. Finally, BRD supports various languages, such as English, French, Dutch, Germany, Italian, Danish, and more.
Edge
Edge is one of the oldest, most secure crypto wallets. It started in 2013, and a strong community has backed it since then. The edge wallet application is designed with an intuitive and user-friendly interface. It is an open-source application allowing you to give developers recommendations based on app changes. It enables you to exchange digital money along with its primary storing function. Finally, the Edge wallet app provides a list of merchants in your area accepting cryptos.
Coinbase
Coinbase wallet is one of the most secure non-custodial mobile wallet applications. It gives you complete control of your private keys and data, allows easy swapping of crypto assets between the exchange and the wallet, and supports over 200 digital assets. It can be found on App Store and Google Play Store and can also store NFTs.
Exodus
Exodus wallet was founded in 2015 and supports over 260 cryptocurrencies and NFTs. It has an intuitive and users friendly interface and can be installed by iOS and android users. It is hardware wallet compatible and has built-in exchange. It allows you to buy digital assets with your USD and local funds using a debit or credit card, Apple Pay, or a bank account. It supports staking and allows you to monitor the crypto market at your fingertips. Finally, Exodus has 24/7 customer support ready to meet your needs.
Trust Wallet
Trust Wallet is a multi-currency wallet compatible with iOS and Android devices. It supports about 61 crypto assets and NFTs storage on two Blockchains. It has strong security that allows using Touch ID, Face ID, and conventional passwords to secure your assets. Lastly, the Trust Wallet lets you instantly buy digital assets with your card and track crypto charts and prices to trade when desired.