5 Cryptocurrency Wallets to try out in 2021
One of the most important steps you will need to make as a cryptocurrency investor is figuring out how to secure your coins. Today, there are endless options to consider. Of course, not every wallet is created equal. You will only want to keep your coins in reputable wallets to avoid scams or other losses.
Depending on your overall investment strategy, you may find one or more of the wallets listed below better suited to fit your overall goals. Notably, every wallet has its own features and fee structure you need to consider. Getting familiar with these differences can help you to make the right choice in terms of your long-term storage strategy.
Unfortunately, it would take weeks to go through all the current wallets available to the public. Sadly, most of the wallets are copycats that don’t bring anything new to the market. Luckily, you can save yourself the research as each of the platforms listed below has earned a reputation for security and reliability. Here are the top 5 crypto wallets to consider in 2021.
Swirl Wallet
The Swirl Wallet is a newcomer to the market that features an intuitive interface. This multi-currency crypto wallet provides custodial services to users from a secure platform. Keenly, this wallet was specifically designed to simplify the core functionalities of most crypto users. You can easily send, receive, and manage your digital assets from one convenient location.
The Swirl Wallet makes the top of the list due to its low fees and excellent customer support. The platform includes a healthy selection of popular coins such as BTC, BCH, LTC, ZEC, ETH, DOGE, and XMR. This combination of coins is rare in the market. Most wallets don’t list BTC, XMR, and Dogecoin on one platform.
Interestingly, the wallet doesn’t require you to download an intrusive app on your mobile devices to take advantage of its features. You can leverage the Swirl Wallet ecosystem via the platform's online interface. It’s free to download and you only pay fees on your sends. In the coming weeks, the network will integrate an exchange option as well.
Samurai Wallet
The Samurai Wallet is unique in many ways. For one, it’s packed with privacy features not found on the competition. These innovative features include an auto-mixing protocol. This system takes your holdings and mixes your coins with other wallet user's assets automatically. These coins are sent through a variety of transactions and wallets to obfuscate their origins.
Notably, the Samurai wallet only supports Bitcoin at this time. If you are looking for a secure and private Bitcoin-only wallet, the Samurai Wallet is an ideal option to consider. The platform is currently available as a free download on the Google Play store. Setting up the wallet takes less than five minutes and requires no previous technical experience.
Éclair
The éclair Wallet was the first official mobile Lightning Network-enabled wallet to enter the market. As such, it provides users complete access to advanced features, fast transaction times, and the low fees provided by this off-chain protocol. Notably, éclair enables users to select their fees for each transaction. The wallet recommends a fee to ensure that your payments execute quickly. However, if you want to wait a little longer, you can save even more on your transactions.
The Lightning Network continues to be one of Bitcoin's top scalability technologies. As of late, more exchanges have added support for this revolutionary secondary chain. LN-supported exchanges provide users with the lowest fees possible when making Bitcoin transactions.
For example, it cost less than a penny to complete a Bitcoin transaction on the Lightning Network. The same transaction would cost $14 on Bitcoin's blockchain. Consequently, there is now more demand for LN-enabled wallets than ever. Best of all, it’s free to download and use the éclair wallet.
Ledger Nano X Hardware Wallet
No top wallet list would be complete without at least one hardware wallet option. The Ledger Nano X provides users with unmatched security. This hardware wallet is extremely portable as it measures around the size of an average USB drive. Hardware wallets are the most secure storage option available to investors today. They keep your crypto securely stored offline in what's known as cold storage.
At a price point of $119, the Ledger Nano X is the most expensive option on the list. However, the added price is justified when you evaluate all the features the Nano X includes. The device is designed to operate in either standalone mode or in tandem with your PC utilizing the Ledger Live software suit.
The Ledger Nano X supports +1500 different coins at this time. Additionally, some of these projects enable you to stake your coins directly from your wallet. Hardware wallets, such as the Nano X, introduce physical buttons as a way to eliminate hacking threats. The theory is simple, no matter how good a hacker is, they will never be able to physically press the approval buttons on the device to drain your funds.
Jaxx Wallet
The Jaxx Wallet is another multi-coin project that has momentum in the market. The wallet leverages a well-designed user interface to simplify your investment experience. Jaxx is a versatile platform that currently supports +90 cryptocurrencies at this time. The wallet also integrates some exchange features that enable you to trade your crypto directly from your wallet via the ShapeShifter protocol.
Jaxx is a non-custodial cryptocurrency wallet, so you don’t have to entrust your coins to anyone. Additionally, it offers 2FA support. The Jaxxx interface also provides valuable news on the industry. Users can track developments and market movements all from one convenient location when they download and register for the Jaxx Wallet.
Top 5 Crypto Wallets for 2021
Now that you have a better understanding of your wallet options, you’re ready to make a decision. The great news is that you don’t have to choose just one wallet. You may find that one platform is ideal for some of your holdings, and another for other coins. The main thing to consider is how often you will need to access your coins and how much crypto you intend to hold in each wallet. All of these projects can provide you with the security and functions you expect from top-performing wallets.