Top Five Best Mobile Crypto Wallets
Top Five Best Mobile Crypto Wallets

Top Five Best Mobile Crypto Wallets

By warliezdiaz | Planet Crypto | 23 Aug 2020


Most crypto investors and enthusiasts still keep their funds on exchange wallets. However, crypto exchanges do not have the greatest track record when it comes to keeping your digital assets. Since 2011, over USD 1.65 billion worth of crypto assets have been stolen, and the figures keep getting bigger every year.

Over 650,000 Bitcoin were lost on the Mt. Gox hacking that lasted more than two years without the founders knowing it. Aside from hacking, the trouble may arise within the exchange. The QuadrigaCX controversy, whose owner passed away with all the private keys, led to more than USD 190 million of users assets being inaccessible.

Renowned crypto analyst and security entrepreneur, Andreas Antonopoulos said, ‘Your keys, your Bitcoin. Not your keys, not your Bitcoin.” This is true and this is the very reason why it is important for everyone to keep a big part of their crypto assets, which are not being traded, on their own mobile wallets.

Although mobile wallets are not as secure as expensive hardware wallets because these are still connected to the internet and thus are not totally free against remote attacks, these are still way better than exchange wallets. Mobile wallets are not only free to download, portable and easy to access but also give users the full control over their private keys.

In this article, I go through my favourite options.


5. Edge Wallet

 

Edge Wallet

Edge Wallet has ease of use as one of the main focus points in its development. By allowing users to hold their digital assets using their username and password, it makes securing their assets less intimidating.

At Present, Edge supports more than 30 digital assets and enables for swaps between these assets. It also allows users to purchase and sell their assets without leaving the wallet application.

To protect assets, Edge allows users to set up a passcode and two-factor authentication (2FA) to prevent unauthorized access from other devices even if the username and password is compromised. Also, it has a help center to answer inquiries and guide users in troubleshooting their wallets, in case the need arises.

Although Edge does not support staking of proof-of-stake (PoS) assets, users can still earn passive income by pledging and lending their assets to CredEarn.

Edge Wallet is available in App Store and Google Play. You may download the app using this link which will bring you to the official website of Edge, https://edge.app.

Pros

• Supports 30 plus digital assets
• Two-factor authentication
• Built-in exchange and buy and sell crypto
• Simple and easy to use interface

Cons

• No real-time customer support
• No hardware wallet integration
• No cold staking of proof-of-stake (PoS) assets
• No ability to set transaction fees

 

4. Guarda Wallet

 

Guarda Wallet

Guarda Wallet perfectly strikes equilibrium between performance and security and excellent user experience.

Currently, Guarda supports more than 45 blockchains and 10,000 plus tokens including all ERC-20, TRC10 and TRC20, BEP2 and Waves tokens. If there is a crytocurrency token that you want to own, then there is a high probability that Guarda supports it. It also allows the creation of more than one wallet for the same cryptocurrency.

To protect assets, Guarda allows users to set up a passcode or enable fingerprint scanning. With Ledger integration, Guarda simplifies the usage of the Ledger hardware wallet while offering advanced security to its users. Also, Guarda has 24 hours a day, 7 days a week user support to get all questions answered fast and efficient. This is also complemented by an elaborate knowledge base.

Further, Guarda offers support for some of the hottest staking coins like Cosmos (ATOM), Tezos (XTZ), Vechain (VET), Neo (NEO), Komodo (KMD) and Tron (TRX). This means that users can earn passive income while securely storing their assets.

Guarda Wallet is available in App Store and Google Play. You may download the app using this link which will bring you to the official website of Guarda, https://guarda.com/mobile-wallet.

Pros

• Supports 45 blockchains and 10,000 plus tokens including all ERC-20, TRC10 and TRC20, BEP2 and Waves tokens
• Built-in exchange and buy crypto
• Ability to set transaction fees
• Cold staking on some assets
• Hardware wallet integration (Ledger)
• Beautiful and easy to use interface

Cons

• No two-factor authentication
• Very high fees when buying crypto

 

3. Trust Wallet

 

Trust Wallet

Trust Wallet is designed with a focus on simplicity. This open-source wallet aims to provide a wallet that is easy and straightforward to setup and use. Trust has a built-in browser for decentralized applications (DApps) which means that users could use their favourite DApps or find new ones without leaving the wallet application.

Presently, Trust supports more than 160 cryptocurrencies and individual tokens including almost all ERC-20 and BEP2 tokens. In addition to these tokens, Trust supports ERC-721 non-fungible tokens. Also, it allows the creation, addition and keeping of multiple wallets for those who wants to keep their assets in more than just one wallet.

To protect assets, Trust allows users to set up a passcode or enable fingerprint scanning. Also, it has a strong community of users who are willing to answer questions and its help center has tackled and solved almost all basic inquiries.

Moreover, Trust offers support for some staking coins like Cosmos (ATOM), Tezos (XTZ), Vechain (VET), Neo (NEO), Kava (KAVA), Algorand (ALGO) and Tron (TRX). This means that users can earn passive income while securely storing their assets in the wallet.

Trust Wallet is available in App Store and Google Play. You may download the app using this link, https://share.trustwallet.com/4UAY1l. We can both earn 125 Trust Wallet Tokens (TWTs).


Pros

• Supports 160 plus digital assets including almost all ERC-20 and BEP2 tokens
• Built-in exchange and buy crypto
• Built-in DApps browser
• Ability to set transaction fees
• Cold staking on some assets
• Simple and easy to use interface
• Trust Wallet Token (TWT) airdrop for new users


Cons

• No two-factor authentication
• No hardware wallet integration
• No real-time customer support

 

2. Atomic Wallet

 

Atomic Wallet

Atomic Wallet easily gained attention because of its sleek and user-friendly interface. It was developed using highly advanced technology that makes it possible to maintain a highly sophisticated yet easy to use wallet. Navigating through the wallet application is easy, even for those who are new in the cryptocurrency space.

Currently, Atomic supports more than 300 digital assets and individual tokens as well as almost all ERC-20 tokens. It has partnered with Changelly, Shapeshift and Binance DEX to facilitate both peer-to-peer exchanges and atomic swaps in its built-in exchange.

To protect assets, Atomic allows users to set up a password or enable fingerprint scanning. Also, Atomic has a responsive customer support which can be reached through chat and email within its wallet application. This is also complemented by an elaborate knowledge base and explanatory articles.

Further, Atomic offers support for some staking coins like Cosmos (ATOM), Tezos (XTZ), Vechain (VET), Neo (NEO), Komodo (KMD), Band (BAND), Algorand (ALGO), Tron (TRX) and its own Atomic Wallet Token (AWC). This means that users can earn passive income while securely storing their assets in the wallet.

Atomic Wallet is available in App Store and Google Play. You may download the app using this link which will bring you to the official website of Atomic, https://atomicwallet.io/join?kid=18BW4Z. We will both earn 10 Atomic Wallet Tokens (AWCs). 

Pros

• Supports 300 plus digital assets including almost all ERC-20 tokens
• Built-in exchange and buy crypto
• Cold staking on some assets
• Good customer service
• User-friendly interface
• Atomic Wallet Coin (AWC) airdrop for new users

Cons

• No ability to set transaction fees
• No two-factor authentication
• No hardware wallet integration

 

1. Exodus Wallet

 

Exodus Wallet

Exodus Wallet, in my opinion, is the best mobile wallet. It is known for its great interface that enables users to manage and store their digital assets with ease and without confusion. With its uncluttered and clean design, the wallet provides users with a delightful experience, even those who are beginners.

At present, Exodus supports more than 110 cryptocurrency assets and allows for swaps between these assets without the requirement of registration or account set-up. Also, users could send and receive safely, using QR code, in addition to the use of public address.

To protect assets, Exodus allows users to set up a passcode or enable fingerprint scanning. With Trezor integration, Exodus simplifies the usage of the Trezor hardware wallet while offering advanced security to its users. Also, Exodus has 24 hours a day, 7 days a week human support to get all questions answered fast and efficient. This is also complemented by an elaborate knowledge base and explanatory videos.

Further, Exodus offers support for some of the hottest staking coins like Cosmos (ATOM), Tezos (XTZ), Vechain (VET), Neo (NEO), Ontology (ONT) and Algorand (ALGO). This means that users can earn passive income while securely storing their assets. When it comes to Bitcoin (BTC), Exodus supports SegWit transactions, which means lower transaction fees.

Although Exodus is a closed source wallet, it is built on many open source components. The company which has put a lot of time and work into producing its designs and overall user experience wants to maintain the security and inimitability of its design to avoid others from making fake, malicious and phishing versions of the wallet to try to pass them off with the goal of stealing individual’s funds.

Exodus Wallet is available in App Store and Google Play. You may download the app using this link which will bring you to the official website of Exodus, https://exodus.io/mobile.

Pros

• Supports 110 plus digital assets
• Built-in exchange
• Cold staking on some assets
• Hardware wallet (Trezor) integration
• Beautiful and user-friendly interface
• Real-time and great customer service

Cons

• No ability to set transaction fees
• No two-factor authentication

The best mobile crypto wallet for you depends on a variety of factors, notably, the assets that you want to store, the value of the assets and how you intend to use those assets. For secure storage of bigger amounts of digital assets, I recommend getting a hardware wallet.

Let us know in the comment section the mobile crypto wallet that you are currently using or have used in the past. Tell us what features do you like most about it. I will be glad to read your ideas and to share my opinion.

 
(Welcome to Planet Crypto. We discuss necessary information and updates regarding the cryptocurrency market regularly. So if you want to get updated, do not forget to hit the follow button and smash the like button.
I am not a financial or investment advisor. The purpose of this channel is to raise awareness about blockchain, the technology which will make the greatest impact in the decades to come and help in the mass adoption of cryptocurrencies. Please only consider this as educational or informational. This is never intended as a financial or investment advice.)

 

Resources:


1. Exodus Wallet Website, https://www.exodus.io.


2. Atomic Wallet Website, https://www.atomicwallet.io.


3. Trust Wallet Website, https://www.trustwallet.com.


4. Guarda Wallet Website, https://www.guarda.com.


5. Edge Wallet Website, htttps://www.edge.app.


warliezdiaz
warliezdiaz

Future Lawyer ⚖️ Bitcoin and Crypto Hodler 💰 Social Gadfly ⁉️ Outgoing Introvert 🧘 Digital Nomad 💻 Sleepy boy with a busy life 😴


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