Top 5 Multi-Currency Wallets
Whenever you decide to get involved in cryptocurrency, you need to store your coins somewhere. Thus, you need a cryptocurrency wallet. You can read more about how a wallet works here, and no, you cannot keep coins if you don’t have a wallet.
Cryptocurrency wallets are classified in many ways, but here, we will check multi-currency wallets. As you can see from the name, they are used to store multiple coins. For example, if you want to try investing in Bitcoin, Ethereum, Litecoin, and you want to keep all your crypto-funds in the same wallet, you need a multi-currency wallet. If you need to store just two coin types, say, DOGE and Bitcoin, you still need a multi-currency wallet.
Never forget that some wallets can be used for specific coins only. For example, if Mycelium supports Bitcoin, Ethereum, ERC-20, and FIO-tokens, and you send Litecoin there, your funds will be lost forever. Before getting one or another wallet, check whether it supports the coin you want to try with.
Now, let us have a look at the best multi-currency wallets.
Exodus
Wallet type: hot wallet
Cost: free
Exchange incorporated: available
Exodus is a popular desktop and mobile multi-currency wallet. It has a very easy-to-use interface. It is used for keeping more than 100 coins. Its built-in exchange allows swaps between all the supported cryptocurrencies which is very convenient for beginners.
The wallet is also known for excellent customer support. This feature is also important for those users who are making their first steps in the world of cryptocurrency.
Another feature that is worth attention is the option to set custom fees to increase the transaction speed. Automatic adjustment of fees is available, too.
The main drawback is a closed code. Thus, users rely completely on the Exodus team when it comes to such questions as security, reliability, and similar.
Ledger Nano X
Wallet type: hardware wallet
Cost: be ready to pay from 100 USD and up
Exchange incorporated: no
Ledger Nano X is one of the best hardware wallets. It comes with everything preinstalled, you might need to download some upgrades and that’s it. The wallet supports Bitcoin, Ethereum, and more than 30 other coins. However, it is believed to be the best for Ethereum transactions.
It is made in the form of a USB device. Every time when you need to make a transaction, you need to connect it to a device that connects to the internet.
Ledger Nano X is absolutely safe and protected from hacks (don’t buy used devices to avoid the loss of your funds). It can run several applications which makes the wallet even more convenient. It can be easily integrated with the majority of software wallets.
While the wallet is considered safe, in 2020, it faced a number of hacks that resulted in exposing important user information such as email addresses, phone numbers, even home addresses. No private keys were unveiled but this fact is considered a serious drawback when you are choosing a wallet.
Trezor
Wallet Type: hardware wallet
Cost: approx. 193 USD
Exchange incorporated: available
It is a cold or hardware wallet. Its features are similar to the features of Ledger Nano X, but there is one major difference for which Trezor is especially valued by the users. This wallet allows accessing third-party cryptocurrency exchanges.
The latest Trezor model T has a touch screen which makes it extremely convenient and is appreciated by users. Also, it has a slot for Micro SD. So, you can use MicroSD cards for your PIN encryption and further adjustments to protect your funds.
At the moment, Trezor T supports around 1,600 cryptocurrencies and tokens. It is impressive indeed.
The wallet might be slightly confusing to use for beginners but this is the only drawback.
Coinomi
Wallet type: hot wallet
Cost: free
Exchange incorporated: available
This is one of the oldest wallets available. Coinomi offers impressive functionality and supports more than 125 blockchains along with more than 1,700 tokens. More than 175 fiat currencies are supported along with crypto.
This is one of the first wallets to offer native segwit for Bitcoin and many more blockchains. The users can switch between different address formats with a single click of a button.
The wallet is very safe. You can take advantage of multi-seed setups to boost the wallet security level.
The wallet supports purchases in cryptocurrency via Simplex, tax reporting via Blocksentry, and even gift cards from Bidali.
While the functionality of the platform impresses indeed, the user interface of Coinomi is among the most user-friendly interfaces in the industry. It makes the platform perfect for both beginners and experienced users.
Atomic Wallet
Wallet type: hot wallet
Cost: free
Exchange incorporated: available
Atomic Wallet is an app compatible with all the main OS (Windows, Ubuntu, iOS, Linux, Android). It runs on any device. Now, it allows its users to store and manage more than 500 cryptocurrencies. Users can buy coins directly via Atomic wallet, no purchases from third-party exchanges are required. The purchases of crypto via bank cards are supported.
The user interface is friendly enough to pose no complications for beginners. The wallet offers real-time monitoring of coin prices and provides educational materials and guides for users.
To Sum up
This is not the final list of multi-currency wallets available on the market. We have chosen those that are recommended by users based on their main benefits and the absence of major drawbacks. In the list, we were trying to include both hot and cold wallets so that you can choose one based on your needs.
With any of these wallets, you can buy and sell crypto on LetsExchange instantly, without registration, with the most convenient conditions. And if you want to learn more about wallet types, you can check our detailed guide on how to choose the best cryptocurrency wallet.
