Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin and Ethereum. It’s simply a bridge between your assets and the DEXs and Blockchains.
Types of Crypto Wallets: Hot & Cold Wallets
Hot Wallet (Custodial)
- Hot Wallets: Creates and store your private keys online – Desktop and mobile apps
- The least secure way is the Exchanges – a huge target for hackers
- If everyone tries to withdraw their coins, it will be enough
Cold Wallets (Non-custodial)
- Cold Wallets (Hardware Wallets): Creates and store your Private Keys offline
- Safest and most secure way for the long term
- Like BC Vault, Ledger, Trezor

1. Exodus Wallet
- Beginner Friendly – Amazing Interface
- Free non-custodial software wallet
- Support Computers and phones
- Over 100 Cryptos and tokens
- Built-in Crypto Exchange – But they will charge spread
- Earn interest on your Crypto Holdings (Compound Finance)
- 24/7 Support: live chat
- Exodus is partner with Trezor – Security is Upgradeable
- Enjoy all the benefits while your Coins are stored in a hardware wallet
- Supports Different Crypto Apps
- Way more secure than Most Hot wallets and exchanges
- Gives control over your Private Key
- QR Code supported which is good for shopping outside
- Exodus Wallet Official Website: https://www.exodus.com/

2A. Ledger Hardware Wallet
- One of the best hardware wallets
- Ledger Nano X and Ledger Nano S
- Over 1000 Cryptos and Tokens
- Supports Computer and phones (Ledger Live)
- Ledger works with a lot of other platforms including Metamask
- Nano S: 59$ and Nano X 119$
- Main Cons
- It’s not fully open source either
- It’s pricy as well
- Ledger Wallet Official Website: https://www.ledger.com/

2B. Trezor Hardware Wallet
- An affordable alternative to Nano X
- Great mix of cost and security
- Open source
- Easier to setup than ledger
- Trezor One 78$, Trezor T 165$
- Supports over 1000 Coins
- It’s close partner with Exodus
- Trezor wallet does intergrade with Simple Stacking Wallet (Trust Wallet) also
- Main Cons
- Not supporting Mobile
- Doesn’t support: XMR, XRP, and EOS
- Kraken: Found a way of cracking into a trezor wallet
- Trezor Wallet Official Website: https://trezor.io/

3. MetaMask Wallet
- Can be used as the browser extension on Google Chrome, Firefox, and Brave Browsers
- It has smartphone app, but mostly used as the browser extension
- Acts like the bridge between the Eth blockchain and Standard Browsers
- It’s good for ETH, and ERC20 Tokens. Not good for storing lots of other coins
- It’s directly linked with Coinbase, OpenSea, and some other platforms
- Active Developers constantly updating it’s source code
- It integrates with DEXs and ETH Based apps like OpenSea, Infinity, GITCoin, Uniswap, …
- Easily take advantage of DeFi
- Explore the Ether DApp ecosystemSupports other blockchains like Polygon and Binance Smart Chain
- You can connect a Hardware Wallet like Ledger and Trezor
- While downloding app be aware of Fake MetaMask Apps
- MetaMask Official Website: https://metamask.io/

Coinomi Wallet
- Mobile and Desktop versions
- Supports over 1700 Assets and 125 Blockchains – The largest number of a non-custodial wallet can support
- Easy to use interface
- NO KYC, No IP Association, No identity link, no transaction tracking
- The server will anonymize your requests by hiding your IP Address
- Your Private Key is not stored on Coinomi Servers. Means you have full control over your crypto
- Inbuilt exchanges, Cold staking, DeFi Support, NFT Support, …
- Millions of active users
- It has DApp Browser & Web3 Support
- Supports ERC721 tokens
- Supports blockchain domains (Crypto DNS)
- Customer Support: Instant Live Chat within the App
- Coinomi Wallet Official Website: https://www.coinomi.com/en/

Trust Wallet
- Trust DApp Browser which can interact with any Decentralized Application (Web3)
- Playing crypto games (DApp Gaming)
- Fully open source
- Supports Staking for coins: Cake, Cosmos, Tron, Tezos
- Binance use it as its official wallet after they acquired it in 2018 – Works closely with Binance DEX
- Supports 40 Different Block chains over 160K Assets
- Supports as NFTs (BEP721, BEP1155) on BSC, and ERC721, ERC1155 on Ethereum
- Very handy for NFT Collectors
- Built-in Crypto Exchange – Integrated with Uniswap
- Directly connected with OpenSea or Rarible and you can view them in the wallet
- Trust Wallet Website: https://trustwallet.com/

Few Tips regarding security and investing
- — Don’t store coins on an exchange
- — Don’t use Custodial Wallet for long-term: No private access, and you don’t control the coin
- — If you must hold all your coins on Exchanges and hot wallets, then make sure to spread them across different platforms
- — Always use Malware scanner to make sure your device is free of malwares
- — Backup your seed words
- — Make sure you download the official wallet for the app stores
- — Don’t talk and show off your portfolio
- What happens if someone get access to your Key Phrases or Private Key?
- Simply he/she can go to any online wallet platforms like TrustWallet, Coinbase or any other platform
- Instead of creating new wallet, he can say I have a wallet
- Enters the key phrases and words, then he/she can transfer all your coins to another wallet
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