Top Picks for Hot and Cold Crypto Wallets According to Bitcoin Insider
Top Picks for Hot and Cold Crypto Wallets According to Bitcoin Insider
Hot Wallets vs. Cold Wallets
Hot wallets, connected to the internet, offer convenience for frequent trading but come with higher security risks. Cold wallets, on the other hand, are offline, providing enhanced security for long-term holdings but are less convenient for everyday transactions.
According to Bitcoin Insider
Top Hot Wallets for 2024
Exodus: User-friendly and supports 300+ cryptocurrencies. It offers in-app crypto swaps and staking but lacks advanced security features like multisignature support.
WhiteBIT Wallet: Integrated with the WhiteBIT exchange, it offers cold storage for 96% of assets, crypto-fiat conversion, and an intuitive interface.
ZenGo: Uses multi-party computation (MPC) instead of private keys. It offers an easy 3FA recovery process but lacks support for some major cryptocurrencies like Solana and XRP.
Top Cold Wallets for 2024
Ledger: Known for its secure offline storage and compatibility with 5,500+ assets. Ledger Nano X offers Bluetooth for mobile transactions but comes with a higher price point.
Trezor: Supports over 9,000 assets and offers the Shamir Backup for added security. It’s open-source but lacks native staking or NFT management.
KeepKey: Affordable with a large display, it integrates with ShapeShift for easy crypto trading. However, it supports fewer coins compared to its competitors.
In this day and age, cold wallets should be the only wallets for crypto. Yubikey’s for MFA and password managers to utilize super complex passwords easily. Lock/freeze your credit, blend in and keep your mouth shut.
Zypto is hands down the best (non-hardware) wallet I’ve used so far. They take security very seriously and offer many one-of-a-kind security features. UI is second to none as well.