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

NOT YOUR KEYS, NOT YOUR COINS. IT’S THAT SIMPLE.