Cryptocurrencies are once again on the rise, with the market cap of the crypto industry reaching $2.5T in 2024. The prices for many cryptocurrencies, besides just Bitcoin and Ethereum, have soared to new highs, with even smaller coins seeing huge gains. With this growth, having a reliable and secure multi-currency wallet to store your digital assets is more important than ever.
If you’re new to crypto or looking to expand your portfolio, finding the best multi-currency wallet can be overwhelming. Numerous options are available, each claiming to be the best and most secure. In this article, we will discuss which multi-currency crypto wallets are best and how to find the right one for you.
Key Takeaways
- A multi-currency wallet supports storing multiple digital currencies in one place.
- Each wallet has its unique features, such as desktop/browser compatibility, Web3 functionality, high-level security, etc.
- Research and consider factors like asset support, security measures, and ease of use before choosing a wallet for your crypto assets.
What Is a Multi-Currency Crypto Wallet?
A multi-currency wallet is a cryptocurrency wallet that allows users to store more than one cryptocurrency in one app. Instead of having different wallets for each coin, such a wallet provides a convenient and streamlined way to manage and access all your cryptocurrencies.
Best Multi-Currency Wallet Options in 2024
Numerous multi-currency wallets are available on the market in 2024, each with unique features and benefits. Here is a list of some of the top contenders for the best multi-currency wallet: the most advantageous wallet that supports a wide range of currencies:
Trust Wallet – A Secure Mobile Wallet
Trust Wallet is a non-custodial smartphone wallet that has gained popularity among users due to its strong focus on security and asset diversity. It supports over 100 blockchains, making it compatible with a wide range of altcoins, including popular ones like Ethereum, Solana, and Tether.
Regarding security, Trust Wallet uses a PIN, backup passphrase and biometric authentication to protect against unauthorised access. It also offers the convenience of buying cryptocurrencies with a debit/credit card through its partnerships with third-party processors. Trust Wallet also has an in-built staking tool for various cryptocurrencies, making it a great option for earning passive income on stored tokens.
Trust Wallet offers access to the decentralised web through the integration of popular apps like Uniswap and PancakeSwap, giving users easy participation in staking, yield farming, and other activities within the DeFi ecosystem. With its user-friendly interface, Trust Wallet is suitable for both beginners and experienced users alike.
Best Features:
- Compatibility with over 100 blockchains and altcoins
- High level of security with PIN and backup passphrase
- Option to buy cryptocurrencies with debit/credit card
- In-built staking tool for earning passive income
- Access to the decentralised web through popular dApps integration
Exodus – Versatile Solution for Desktop and Browser
Exodus is a well-known multi-currency digital wallet that is compatible with desktop and browser platforms, making it accessible to users on different devices. It supports over 260 cryptocurrencies, providing a wide range of options for storing digital assets.
Among Exodus’ key features is its compatibility with hardware wallets like Trezor, which adds an extra layer of security for users who prefer to keep their cryptocurrencies offline.
Additionally, Exodus offers the convenience of buying cryptocurrencies with debit/credit cards and e-wallets through its partnership with Ramp. However, users should take note of the added fees when using this feature.
Exodus also has a built-in exchange for easy trading between different cryptocurrencies, as well as an option to stake and earn passive income on supported tokens. Giving its user-friendly interface and ability to support multiple networks and assets, Exodus is an excellent choice for those looking for a wallet with desktop/browser compatibility.
Best Features:
- Browser and desktop wallets are available
- Support for over 260 cryptocurrencies
- Integration with hardware wallets for added security
- Convenient option to buy cryptocurrencies through the Ramp partnership
- Built-in exchange and staking tools for users’ benefit
Coinbase Wallet – A Secure and Convenient Solution
Coinbase Wallet is a popular choice among both newcomers and experienced cryptocurrency users. It boasts a user-friendly interface and supports thousands of coins, including all ERC-20 tokens built on the Ethereum blockchain.
Coinbase Wallet offers a unique Web3 functionality that allows users to buy, trade, and earn rewards on cryptocurrency and NFTs without leaving their assets in the custody of a centralised exchange. It also has hardware wallet support for the Ledger, making it easy for users to transfer assets to offline storage for added security.
However, one drawback of Coinbase Wallet is that it is not fully open source, which may be a concern for some crypto enthusiasts who prioritise transparency and security in their wallet software. Nonetheless, Coinbase Wallet remains a top contender for the best multi-currency wallet due to its user-friendly interface and extensive support for various assets.
Best Features:
- User-friendly interface with support for thousands of coins
- Web3 functionality for buying, trading, and earning rewards on cryptocurrency and NFTs
- Partnership with hardware wallet Ledger for added security
SafePal S1 – A Safe and Portable Solution
SafePal is a hardware wallet that has a sleek and portable design which makes it convenient to carry around while still providing high-level encryption and secure storage of private keys.
The multiple layers of security that SafePal offers set it apart from other wallets. It uses a secure element chip and has a boot process to prevent tampering with the device. The wallet also has a physical button for confirming crypto transactions, reducing the risk of accidental or unauthorised transfers.
SafePal is compatible with multiple operating systems and easily integrated with various wallets and exchanges. It also supports many cryptocurrencies, making it a versatile choice for users with diverse investment portfolios looking for a multi-currency hardware wallet.
Best Features:
- High level of security with multiple layers of protection
- Sleek and portable design for convenience
- Compatible with various operating systems, wallets, and exchanges
- Supports a wide range of cryptocurrencies
B2BinPay – A Wise Choice for Businesses
B2BinPay is a leading blockchain-based payment processor that caters specifically to businesses. It offers a single account with access to merchant and enterprise functionalities, simplifying the client registration process.
This multi-currency wallet allows businesses to transact with crypto coins and tokens safely, easily, and quickly. Its payment gateways support more than 250 currency options, making it a flexible choice for global businesses. Moreover, B2BinPay offers white-label services, allowing businesses to personalise their crypto wallet development solutions with their branding.
The platform also offers a wide range of API integration options, making it easy for businesses to incorporate crypto payments into their existing systems. It is also fully compliant with top regulatory frameworks, giving clients peace of mind when using the platform.
Best Features:
- A single account with access to both merchant and enterprise functionalities
- Supports over 250 currency options through payment gateways
- White-label solutions for personalised branding on trading platforms
- API integration options for easy incorporation into existing systems
- Easy conversion of crypto to fiat for businesses
Coinomi – One of the Best How Wallets
Coinomi is a well-established multi-currency wallet that has been around since 2014. It boasts support for over 125 blockchains, making it one of the most robust options in the market.
Coinomi uses a Hierarchical Deterministic (HD) wallet structure, generating a unique address for each transaction. It also offers a 12-word seed phrase backup for added security and 2F authentication. Coinomi’s code is partially open-source and regularly audited by independent security experts.
The wallet also offers advanced privacy features, such as the option to anonymise transactions using the Tor network. In addition, it supports Digi-ID for anonymous access to the wallet and has an easy-to-use interface for seamless navigation. With its strong focus on privacy and security, Coinomi is a top choice for individuals who are looking for the safest crypto wallet app.
Best Features:
- Support for over 125 blockchains and altcoins
- Emphasis on privacy and security through HD wallet structure, backup seed phrase, two-factor authentication, and regular code audits
- Advanced privacy features like Tor network support and Digi-ID login
Trezor Model T – The Ultimate Hardware Wallet
Trezor Model T is an upgraded version of the popular Trezor Model One hardware wallet. It features a sleek touchscreen and robust security features. The solution supports over 9000 digital assets, making it one of the most comprehensive hardware wallets on the market.
Trezor Model T’s backup and recovery process involves a 12-word seed phrase, with the option to use Shamir Backup for added security. It also allows users to securely store their NFTs by signing transactions through third-party software wallets like MetaMask.
In addition to its diverse asset support, Trezor Model T offers advanced features such as multi-signature transactions for increased control and protection of funds. With its advanced security measures and compatibility with multiple networks, the Trezor Model T is a top choice for those seeking secure cold wallets.
Best Features:
- Compatibility with over 9000 digital assets
- Enhanced security with backup and recovery process
- Option to securely store NFTs through third-party software wallets
- Advanced features like multi-signature transactions for increased control
Ledger Nano S Plus – Affordable Hardware Option
Ledger Nano S Plus is a popular cold wallet known for its affordability and user-friendly design. It supports over 5500 digital assets, making it a great option for those with diverse crypto portfolios.
In terms of design, the Ledger Nano S has a sleek and portable stainless steel body. Its size makes it easy to carry around or attach to your keys. Ledger Nano S Plus also offers multi-currency storage, making it convenient for those who hold multiple assets. Its built-in OLED display also allows for double-checking of transactions before confirming them.
Security-wise, the Ledger Nano S offers a 24-word recovery phrase and a PIN for added protection. It also displays transaction details on its screen, allowing users to verify and cancel any unauthorised transactions.
Best Features:
- Compatibility with over 5500 assets
- Sleek and portable design
- Built-in OLED display for verifying transactions
Atomic Wallet – Cross-Platform Support and Multiple Features
Atomic Wallet is another popular wallet with a loyal following due to its cross-platform support and numerous features. It can be used on desktops, laptops, as well as mobile devices running on different operating systems, making it highly accessible for users.
Atomic Wallet features built-in atomic swap functionality, allowing users to exchange cryptocurrencies directly with other users without needing a third-party exchange, minimising fees and providing a more secure way of trading assets.
Atomic Wallet supports a wide range of PoS coins, allowing users to earn rewards on their stored tokens, with yields ranging from 5% to 22%. Atomic Wallet also has a portfolio dashboard that displays the value of stored cryptocurrencies in dollars, making it easy for users to keep track of their assets.
Best Features:
- Cross-platform support for desktops, laptops, and mobile devices
- Built-in atomic swap functionality for direct peer-to-peer trading
- Support for a wide range of PoS coins
MetaMask – The Ultimate Browser Extension Wallet
MetaMask is a popular Ethereum-based wallet designed for seamless interaction with dApps on the Ethereum blockchain. It offers support for both mobile and desktop users, making it a versatile choice for accessing your assets from any device.
MetaMask places a strong emphasis on user privacy and anonymity. It does not require users to provide personal information during account creation and allows for full control over private keys. Users can also easily connect to different Ethereum networks and customise their RPC settings, making it a preferred choice for developers and advanced users.
In addition, MetaMask supports popular features like staking, swapping, and yield farming through its integration with dApps such as Aave, Compound, and MakerDAO, making it a top choice for those looking to dive into the world of DeFi.
Best Features:
- Compatible with both desktop and mobile devices
- Strong focus on user privacy and anonymity
- Full control over private keys
- Integration with popular dApps for staking, swapping, and yield farming.
Closing Thoughts – Which of the Crypto Wallets Is Right for You?
With the increasing popularity and adoption of cryptocurrencies, it is important to have a reliable and secure way to store and manage your crypto holdings. Different multi-cryptocurrency wallets offer different features and functionalities, catering to a wide range of users in the ever-expanding crypto space.
Ultimately, the wallet choice comes down to your personal needs and preferences. Whichever wallet you choose, thoroughly research its specifications and safeguards before entrusting it with your hard-earned digital assets.
Before deciding, consider factors such as asset support, security, and ease of use. For added security, it is also recommended that you spread your assets across multiple wallets.
FAQ
What is a good crypto wallet?
The best crypto wallet offers a high level of security, convenience, and compatibility with various networks and assets. It should have encryption, backup options, and multi-factor authentication to protect users’ private keys and funds. It should also support many cryptocurrencies and be convenient to use.
What happens if a crypto wallet goes out of business?
If a cryptocurrency wallet provider ceases operations, the wallets could become inactive, leading to users losing access to their private keys and funds. This could also mean losing transaction history and the ability to reach customer support.
Which one is the best: a hardware wallet or a software wallet?
The best option depends on the user’s specific needs and preferences. Hardware and paper wallets offer an extra layer of security by keeping private keys offline, while software (mobile wallets, desktop wallets) provides convenient access through various devices. It is recommended that storage methods be diversified and hardware and software wallets used simultaneously for added security.
