Best Crypto Wallets in 2024 (Part 1)
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Navigating the world of cryptocurrencies can be overwhelming – especially for beginner traders. As more and more people become involved in the crypto market, understanding the importance of secure digital currency storage becomes crucial.
Considering that, this guide discusses the best crypto wallets for those just beginning their journey into the world of digital assets. We’ll explore the various types of cryptocurrency wallets available to traders before providing a quick-step walkthrough showcasing how to set up a secure wallet in minutes.
Reviewing the Best Bitcoin Wallets for Beginners
According to Statista, there were over 9,000 cryptocurrencies in existence in March 2024 – nearly double the number seen in February 2021, although it is estimated there could be many more given the vast numbers of new meme coins and projects sprouting up regularly.
This highlights the rapidly growing nature of the crypto market, which has naturally increased the need for secure wallet options. So, without further ado, let’s dive in and take a closer look at the top cryptocurrency wallets for beginners:
1. ELLIPAL– Overall Best Crypto Wallet in 2024 with User-Friendly Features and Next-Level Security
ELLIPAL is our choice for the best crypto wallet in 2024, offering a blend of advanced security features and user-friendly functionality. The platform boasts compatibility with a huge array of assets, currently supporting 33 cryptocurrencies and over 10,000 tokens.
ELLIPAL offers a user-friendly experience facilitated by its intuitive interface and simplified transaction process. Users can easily initiate and confirm transactions through the ELLIPALApp, leveraging the device’s built-in camera for QR code scanning. This demystifies some of the complexity of hardware wallets for new users while maintaining a high level of security.
ELLIPAL produces a range of high-tech cold wallets, which are physical hardware devices that prioritize the safety of users’ digital assets by employing an air-gaped cold storage approach. This means that private keys, the essential components for accessing and managing cryptocurrencies, are kept entirely offline, effectively mitigating the risks associated with online vulnerabilities such as malware attacks and remote hacking attempts. Moreover, the device’s tamper-proof design, fortified with anti-tamper and auto-destruct features, means that any breach attempts trigger the deletion of stored private keys, safeguarding funds from unauthorized access.
ELLIPAL has 3 types of hardware wallets, the ELLIPAL Titan 2.0, the ELLIPAL Titan, and the ELLIPAL Titan Mini to suit different users and price ranges. They all support NFTs and multiple accounts while being compatible with the ELLIPAL mobile app.
Type of Wallet Hardware wallet
Number of Supported Cryptos 33+ cryptocurrencies
Fee to Buy Bitcoin Varies by third-party supplier (0%–4.5%)
Mobile App? Yes
2. Zengo – Excellent Mobile Crypto Wallet for Over 120 Cryptocurrencies with Multi-chain NFT Support
The Zengo mobile crypto wallet has a rating of 4.2 stars on Trustpilot, with reviews from over 600 customers. It is available for iOS and Android and has received a rating of 4.78/5 on the Apple App Store and Google Play Store. Zengo offers customers 24/7 support, and Pro customers ($69.99 per year) get Priority Support, with responses guaranteed within 1 hour but typically received within 5 minutes.
Zengo is a feature-rich wallet whose features include:
- Support for 120+ cryptocurrencies
- Support for NFTs on multiple chains
- Buy, sell, and trade cryptocurrencies and NFTs
- 24/7 support
- dApp marketplace, with WalletConnect support
- Secured by MPC cryptography
- Seed-phrase-less account recovery
Zengo takes security very seriously, and the wallet undergoes annual code audits. The wallet is secured by multi-party computation (MPC) cryptography and does away with seed phrases by replacing them with a 3-factor authentication process that uses a 3D face scan, an email address, and a recovery file. Having been in operation since 2018, Zengo has served over 1 million customers, yet never had a report of a hack.
All these features and the heightened focus on security make it one of the best crypto wallets for both new and advanced users.
Type of Wallet Mobile wallet
Number of Supported Cryptos 120+ cryptocurrencies
Fee to Buy Bitcoin Varies by third-party supplier (0%–4.5%)
Mobile App? Yes
3. Ledger – One of the Best Crypto Hardware Wallets With High Security and Multi-Chain Functionality
The Ledger crypto wallet is a hardware wallet widely considered one of the safest ways for investors to store their digital assets, whether that be cryptocurrencies or NFTs. This is because it uses “cold storage,” meaning users’ private keys are kept offline and safe from threats.
Ledger comes with a mobile and desktop app called Ledger Live where you can monitor your crypto portfolio, regardless of which blockchain, you can buy crypto with fiat, stake your coins or exchange them. Each Ledger wallet supports over 5,500+ crypto assets.
The Ledger app also lets you connect with third-party services, such as 1 inch DEX, MoonPay, Lido staking, YouHodler and more.
To use the Ledger wallet, you need either the Ledger Nano X, Ledger Nano S Plus, or the Ledger Stax. Nano X is particularly interesting since it doesn’t just boast USB functionality, but it can also connect to devices via Bluetooth. This means you can safely execute transactions on your smartphone without connecting the Ledger wallet via cable.
This hardware crypto wallet even sells physical “chains” that allow crypto-savvy individuals to wear their Ledger wallet around their neck!
Ledger also has a vast library of educational resources where you can learn everything about Web3, including how to stake coins, what is cloud mining and more.
Type of Wallet Hardware
Number of Supported Cryptos 5,500+
Fee to Buy Bitcoin Varies based on exchange used
Mobile App? Yes (Ledger Live)
4. Bybit – Leading Custodial Wallet That Gives Users Access to the World of Web3
The Bybit Wallet offers users a seamless gateway into the decentralized world of cryptocurrencies, including DeFi, GameFi, and NFTs, all while ensuring the security of their assets and private keys. With a simple one-click setup, users gain immediate access to the Web3 ecosystem, with various decentralized applications (dApps) and services. The multi-chain wallet supports over 400 coins and users can trade them using the ByBit exchange through the mobile app.
Its intuitive interface makes navigation easy, allowing users to explore Web3 technologies effortlessly. Plus, the integrated dApp aggregator provides a curated selection of decentralized applications for users to discover and use.
In terms of security, Bybit employs stringent measures to safeguard users’ funds and data. The majority of assets are stored in cold storage, minimizing the risk of unauthorized access. Additionally, the implementation of two-factor authentication (2FA) enhances account security,
ByBit also has various educational resources such as ByBit Learn and Crypto Insights, where you can learn everything Web3. This can help beginners get to grips with some of the features offered on ByBit, including staking, leverage, and the various dApps.
Type of Wallet Custodial software
Number of Supported Cryptos 400+
Fee to Buy Bitcoin Varies based on the provider used
Mobile App? Yes
5. Binance – World’s Largest Exchange with Free Crypto Wallet App
Binance needs no introduction as it remains the world’s largest cryptocurrency exchange, facilitating daily trading volumes of over $6 billion. The exchange offers its own crypto wallet that links to the BNB Chain – Binance’s own blockchain network.
Unlike other top cryptocurrency wallets, the Binance wallet is structured as a browser extension, downloading on Google Chrome and other leading platforms. It’s free to download and use, enabling Binance users to store and manage their crypto holdings while interacting with other assets on the BNB Chain and Ethereum.
Since the Binance wallet is inherently linked to the Binance exchange, users can instantly transfer their holdings from the latter to the former. The wallet supports over 380 cryptos and allows users to buy crypto instantly using a bank transfer or credit/debit card.
Those looking to explore the Binance ecosystem further can check out the exchange’s NFT marketplace and earnings protocols. Binance is also fantastic for active investors since it allows anyone to set up recurring buy orders to purchase specific assets at regular intervals.
Finally, the Binance crypto wallet enables users to send and receive crypto using QR codes instantly. This feature is essential for newcomers, as it mitigates the risk of using an incorrect wallet address and potentially losing funds forever.
Type of Wallet Software
Number of Supported Cryptos 1,000+
Fee to Buy Bitcoin 0.1% trading fee
Mobile App? Yes
6. OKX – User-Friendly Crypto Wallet with NFT Support & DEX Aggregator
Another hugely popular crypto wallet app suitable for beginners is the OKX wallet. OKX describes its wallet as a “portal to Web3” since it contains various helpful features, including crypto asset storage, NFT support, and a decentralized exchange (DEX).
The great thing about the OKX wallet is its cross-chain support. At the time of writing, the wallet supports crypto assets from over 50 networks, including Ethereum, Polygon, Avalanche, and OKTC. The OKX wallet’s interface is easy to navigate and doesn’t feature any complex jargon, making it suitable for beginners.
OKX’s wallet is also highly compatible with a range of devices. It can be downloaded for free on iOS and Android smartphones, although it’s also available on Windows and MacOS computers. The wallet’s features sync across all devices, so users can seamlessly transition from one to another.
This is also one of the top crypto wallets for those interested in NFT investing. The OKX wallet features a “one-stop NFT aggregator platform,” which supports 11+ networks and offers free creation and trading services. This platform features some of the world’s most sought-after collections – including DeGods and Bored Ape Yacht Club (BAYC).
Aside from checking out the best NFTs to buy, wallet users can also earn a yield on their crypto assets. This works through the “Earn” feature, which has various subcategories, such as “Save” and “Farm.” The feature uses DeFi protocols to maximize users’ earnings potential; for example, ETH holders can receive an annual percentage yield (APY) of over 5%.
Finally, the OKX wallet has a DEX and bridge aggregator that instantly lets users swap tokens across many top blockchains. Due to this and the features mentioned above, the OKX wallet is undoubtedly one of the best crypto wallets available right now.
Type of WalletSoftwareNumber of Supported Cryptos3,000+Fee to Buy BitcoinMaker-taker fee based on 30-day trading volumeMobile App?Yes
7. Best Wallet – Multi-Chain Wallet With Network Bridges and Built-In DEX
Topping our list of the best crypto wallets in 2024 is Best Wallet, which has only just launched but already shot to the top of our list because of its unique features.
This is a multi-chain crypto hot wallet designed to address some of the challenges present in many current wallet offerings – such as multiple wallets required for various blockchains, lack of crypto news within the wallet, network bridges and NFT marketplaces.
To address this, the creators of Best Wallet have created a comprehensive Web3 ecosystem that covers every aspect of digital asset management.
The non-custodial software wallet, available as a mobile app, allows users to interact with coins, tokens, and NFTs from multiple chains such as Bitcoin, Ethereum and BNB. This ensures users aren’t confined to a single chain, allowing them to access limitless digital assets.
It also has several unique features that place it above other wallets – that includes market insights on trending and upcoming tokens, details on token airdrops, and even a built-in decentralized exchange to allow users to trade any token. Best Wallet is shaping up to be one of the best no KYC crypto exchanges on the market.
Acting as the backbone of the ecosystem is the $BEST token, which is the utility and governance token. Holders who stake $BEST tokens will receive benefits, including access to advanced analysis tools, swaps without fees, early token launch access, and NFT drops.
The tokens are not yet available but regular users of the wallet are set to get a huge airdrop of tokens in the coming months – with a total of 10% of the supply will be distributed to active users.
All in all, Best Wallet aims to be more than just a crypto wallet, with the developers seeking to make it a comprehensive digital asset management solution for multiple blockchains.
Follow Best Wallet on X and on the Best Wallet Telegram channel to get up-to-date information on the project.
Type of Wallet Software
Number of Supported Cryptos Thousands through the DEX
Fee to Buy Bitcoin via Wert
Mobile App? Yes
8. Blockstream Jade – Leading Bitcoin Wallet with QR Code Scanner
Blockstream Jade is a leading hardware wallet designed for Bitcoin holders. The Bitcoin-only wallet also comes with a camera, allowing users to scan QR codes for transactions, streamlining sending and receiving funds. The device is entirely open-source (hardware and software), which helps ensure the wallet is secure and reliable. Anyone can review, audit, and contribute to the code meaning vulnerabilities are quickly spotted and addressed.
Blockstream Jade is also compatible with Blockstream’s Green Wallet software, which serves as a user-friendly interface for interacting with cryptocurrency assets. Users can easily manage their funds, initiate transactions, and monitor their portfolio’s performance, all while benefiting from the enhanced security provided by the hardware wallet.
The LED screen allows you to confirm transactions and verify addresses without connecting the device to the internet. This adds an extra layer of protection as transactions are “air-gapped.” You can also view your recovery seed on the device without an internet connection.
The wallet also supports multi-sig transactions and Liquid (a Bitcoin layer-2 solution enabling the fast, confidential settlement and issuance of digital assets, such as stablecoins and security tokens) assets. Overall it’s a great choice for
Type of Wallet Hardware wallet
Number of Supported Cryptos Bitcoin
Fee to Buy Bitcoin Need to buy with another platform and transfer to wallet Mobile App? Yes (Blockstream Green)
