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2022 was a fantastic year for the cryptocurrency market. And while things have cooled down since then, it doesn’t mean that the crypto rush is over.
As can be seen, the freedom that decentralized cryptocurrencies offer is simply too good to be ignored.
So, if you’re looking to invest or tap into the crypto market, you’re going to need a trustworthy crypto wallet to store your assets.
Thus this is why we’ve put together a list of the best crypto wallet apps in 2022 to help you make a choice. So sit back, relax, and take a look at what we have.
So, What Are The Best Crypto Wallets Apps Right Now?
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Trust Wallet 2.0
Binance is probably one of the most easily recognizable names on this list.
Widely regarded as being the largest crypto exchange globally, it should come as no surprise that Binance has its own crypto wallet – known as Trust Wallet 2.0.
Trust Wallet 2.0 features support for users on both desktop and mobile OSs and offers generous referral bonuses, which is a nice touch. Besides that, Trust Wallet 2.0 is also easy-to-use, which makes it great for new users.
However, Trust Wallet 2.0 is not compatible for use with cold wallets – meaning that you’ll have to store your cryptos in a hardware wallet manually.
What’s Cool:
- Backed by a reputable exchange – Binance
- Supported on both desktop and mobile OSs
- User-friendly and suitable for beginners
- Generous referral bonuses
What’s Not:
- Not compatible with hardware wallets
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Crypto.com
Crypto.com is one of the oldest and most trusted hot wallet providers on this list (and in the market).
Besides charging low fees for bank transfers, Crypto.com supports a large amount of crypto and fiat currencies, this making it great for users who regularly transact in both fiat and cryptocurrencies.
Crypto.com is particularly popular with traders as the wallet app does not charge any fees for trading activities. Also, it’s good to know that the wallet allows investors to track crypto price movements in real-time.
Unfortunately, Crypto.com has somewhat limited security features, which can be something of a letdown.
What’s Cool:
- Supports 200+ cryptocurrencies and 20+ fiat currencies
- Low fees for bank transfers and credit/debit cards
- Users can track price movements
- No fees are charged on trading activities
What’s Not:
- Limited security measures
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Exodus
Exodus is a great crypto wallet for users who regularly transact in large quantities of cryptocurrencies. The wallet’s support for Trezor One and Trezor T cold wallets makes secure storage of cryptos extremely easy.
Besides that, 24/7 live customer support and support for more than 145 types of cryptocurrencies make Exodus a solid wallet app. And if you’re on iOS, you’ll be pleased to know that Apple Pay can be used to buy Bitcoin.
However, it is disappointing that users will have to put up with high-transaction fees and limited security options.
What’s Cool:
- Features support for Trezor hardware wallets
- 24/7 customer support
- Users can use Apple Pay to buy Bitcoin
- Supports a large number of cryptos (145+)
What’s Not:
- High-transaction fees
- Rather limited security
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Gemini
Gemini is quite possibly one of the most reputable wallet apps available today when it comes to trustworthiness. That’s because Gemini is the first crypto wallet to be fully regulated by the New York State Department of Financial Services – which guarantees an unprecedented level of trustworthiness.
And also, Gemini offers bulk discounts for volume traders who transact in a large number of cryptocurrencies.
However, Gemini’s USP could also prove its weak point as the company is regulated by the New York State Department of Financial Services. Hence this means that chances are good that your every transaction is probably being monitored.
What’s Cool:
- Offers discounts for volume traders
- Can buy/sell/store cryptos on a single platform
- Regulated by the New York State Department of Financial Services
- Good security measures
What’s Not:
- Only supports 40 types of cryptocurrencies
- Regulated by the New York State Department of Financial Services
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Coinsmart
Coinsmart acts as a crypto exchange and wallet for users on PCs and mobile devices. Unlike other of the best crypto wallet apps, transfers performed with Coinsmart are completed almost instantaneously with minimal cost.
Besides that, it also supports a large variety of fiat currencies transactions, i.e., cards, bank drafts, or wire orders. Additionally, Coinsmart’s integrated functions, such as SmartPay invoicing, make the wallet an excellent choice for those who regularly receive or send payments in crypto.
However, it is pretty disappointing to see that Coinsmart lacks support for cold wallets.
What’s Cool:
- Accessible on PCs and mobile devices
- Fast processing time
- Supports fiat currencies
- Available with SmartPay Invoicing
What’s Not:
- It doesn’t come with cold wallet support
Must Read: 3 Ways the Insurance Market Leverages Cryptocurrency
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Coinbase
When it comes to sheer flexibility, chances are Coinbase has all of the other wallets beat by a mile. First of all, users can enjoy support for a large variety of assets, including 500 types of cryptocurrencies and NFTs.
Besides that, Coinbase is user-friendly and comes with sophisticated security features that keep your assets safe. And as the wallet is backed by Coinbase, this makes it safer.
However, this doesn’t mean that Coinbase is bulletproof, as the service still has the same security issues as other hot wallets. Also, as it’s only available for mobile devices, PC users will not be able to use Coinbase.
What’s Cool:
- Ideal for first-time users
- Supports more than 500 types of cryptocurrencies and NFTs
- Sophisticated security features such as multi-signature and 2-factor authentication
- Backed by a reputable exchange
What’s Not:
- Same issues as those found on all other hot wallets
- It can only be used on mobile devices (phones and tablets)
Must Read:BORDERLESS INTERNET: WHAT ABOUT CRYPTOCURRENCY?
Closing Thoughts
And there you have the facts – a breakdown of the best crypto wallet apps that will serve you well in 2022. In case the list above is not enough, click here to check other options: https://blog.tezro.com/best-crypto-wallet-apps/
However, like all cryptocurrencies, you should never rely on hot wallets entirely. Instead, you should store most of your assets in cold wallets for security and only use hot wallets for transactions.
