In March 2021, a crypto trading platform Voyager Digital carried out a study where it showed: over a third of all retail crypto investors are more bullish on Cardano than Bitcoin. Cardano is an ambitious project aiming to build a scalable, scientifically attested blockchain that would be a nice means of peer-to-peer value exchange. The platform has already launched staking and is about to deploy smart contracts and DApp opportunities.
If Cardano looks to you like a nice asset to invest in, this article will help you find a suitable Cardano wallet. We’ve picked 3 wallets that would best fit different scenarios of use.
Guarda Wallet
Some investors prefer having fast access to their crypto wherever they are, hence they choose Cardano wallet apps for mobile phones. Guarda is a wallet recommended by ChangeNOW and is available for iOS, Android, and also desktop. It’s rated 4.4 in App Store and 4.2 in Google Play.
Guarda is a multi-asset wallet that supports 50 different blockchains with hundreds of tokens. You can swap between them all right inside the app at reasonable fees, and you can also buy crypto with your credit or debit card. Guarda supports Cardano staking, which can bring you about 5% yearly interest — check the calculator.
Guarda’s killer feature is usability: you can manage your whole portfolio here at once and make the most of it with features like staking and crypto swaps.
Ledger Nano S
Ledger is the number one choice for those concerned with security. It is a small flash drive that stores your private keys letting them be offline most of the time. This makes them inaccessible to hackers. As a Cardano hardware wallet, Ledger Nano S isn’t free: it costs $59.
Besides Cardano, you can store another 1000 assets on your Ledger. However, to send your cryptocurrency, you will have to connect the device to the computer via a USB port or to a cell phone via Bluetooth. The need for these operations makes Ledger more convenient for storing or staking crypto rather than trading it.
Daedalus Wallet
Daedalus is the official Cardano desktop wallet. It is full-node, meaning it downloads a full copy of the Cardano blockchain and validates all transactions in the network. This happens without the need to rely on a 3-rd party node provider, which adds a considerable security level but makes the wallet take over 8.5 GB of disk space. That’s why Daedalus is only available as a Cardano desktop wallet for macOS, Windows, and Linux. In this wallet, you can do ADA staking and manage several Cardano wallets at once. Download Daedalus Flight to help Cardano test new features for their official wallet.
Summary
If you want to manage all your portfolio in one place and enjoy uttermost usability, download Guarda Wallet. If you’re investing in Cardano and want to store it securely, choose Ledger Nano S. If you’re a fan of Cardano and want to store your coins in its official wallet, get Daedalus. All these three are Cardano staking wallets.
Whenever you feel like buying Cardano, check the rates on ChangeNOW to buy ADA without registration!
