10 best software crypto wallets in 2023
The problem with cryptocurrency is that it’s hard to understand, and even harder to secure.
In the past year alone, over $1 billion worth of cryptocurrencies have been stolen from exchanges.
And while we can’t control the security of these other companies, we’re committed to doing everything in our power to keep your funds safe and secure on our platform.
Just like you would protect your cash at home by keeping it locked up in a safe, you should do the same with your cryptocurrency holdings when they aren’t being actively used.
With the popularity of cryptocurrency wallets, picking a crypto wallet can be a hard task for individuals and businesses.
And it can even get confusing when you have to decide which ones are compatible with mobile devices and which ones support desktop computers.
In this guide, we have compiled a list of top 10 software crypto wallets in 2021 to help you make an informed decision.
If you want to learn about hardware wallet storage solutions, check out the cryptocurrency wallet reviews
Coinbase has earned a reputation of being one of the most reliable and trusted crypto trading platforms. You can connect it to your bank account and easily buy, sell or hold cryptocurrencies right from your wallet. It has a lucrative user-interface that can easily be understood by beginners to help them when they are making transactions.
Coinbase supports digital financial services along with popular cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Two-factor authentication (2FA) ensures maximum security of your wallet and you can store more than one digital signature.
Download the Coinbase wallet on iPhone
Download the Coinbase wallet on Android
Electrum is a software wallet that was released in November 2011. Although it is still under continual development, currently, it only supports Bitcoin as the main currency. Since it only supports one currency, users cannot integrate exchange services.
With Electrum, your Bitcoin is stored in secure encrypted files on your desktop computer or laptop. The Bitcoin wallet is available for Mac OS X, Linux, Windows, and Python.
As a standout feature, Electrum supports multiple-signatures and it also supports hardware crypto wallets like Ledger Nano S, Trezor, and KeepKey.
We don’t have a ton of experience using Electrum but it is one of oldest wallet software services available since 2011.
Bitcoin Core Wallet
Although it is often criticized for its complexity, when it comes to security, the Bitcoin Core wallet is hailed by many as one of the most secure wallets. This software wallet only supports Bitcoin and it includes a secure digital wallet used to store, buy or sell Bitcoin. By choosing the Bitcoin Core wallet, you become a part of a decentralized bitcoin network by validating transactions stored in a blockchain.
Bitcoin Core wallet takes require some time to set up and familiarize with, and may not be user-friendly for all users: It is compatible with:
- Windows 7/8.x/10
- Mac OS X
- Some ARM chipsets (including Raspberry Pi V.1 and V.2)
See more details on Bitcoin core wallet here
The exodus crypto wallet makes it easy to store, send, receive and exchange your favorite cryptocurrencies in one place. Plus, you get 24/7 support from real people who care about solving your problems quickly and accurately.
Now you can easily control all of your cryptocurrencies with a single app that combines everything you need into an attractive and intuitive interface (even if you don’t know anything about blockchain technology).
This means no more endless research or trying to remember which platform has what coin—or missing out on new opportunities because they’re not supported by the wrong software!
It also means no more worrying about security; as long as you have access to your phone or computer, then all of your information will be safe and secure with our top-of-the-line encryption methods. With so many features designed
This platform has a built-in exchange service and it supports over 100 altcoins along with popular cryptocurrencies available in the market. Private keys are generated and stored on the user’s device for easy recovery in the event your operating system fails. It does lack 2fa so that is one security concern to take not of.
Exodus wallet is compatible with Linux, Windows, Mac in addition to apps available for ios and android on mobile devices.
As an Exodus user for a number of years, I have been pleased with the platform and efforts to remain up to date and secure. Overall a sold solution to store your crypto if you don’t want to invest into a hardware wallet.
Get started with Exodus for free
Jaxx Liberty Wallet
Jaxx Liberty Wallet is popularly known as multi-currency that aims for cross-platform accessibility: from desktop devices to mobile and tablets. It is compatible with iOS, Android, Windows, and Linux versions and you can also use it on your Chrome as an extension.
This platform is an all-in-one cryptocurrency wallet allowing users to exchange more than 80 cryptocurrencies. Moreover, you can check your transaction history, coin balance and track marketing trends by analyzing the market trends, price challenges and following the latest trends.
We only here good things about Jaxx wallets.
Mycelium is a mobile software Bitcoin wallet specially designed for iOS and Android devices. It boasts of “bank-grade security” for its mobile software application, and its compatibility extends to crypto hardware, including Trezor wallet.
It does not support a desktop interface, but you can use a USB adapter or a micro USB to move your funds directly from the hardware wallet to your phone; therefore, you don’t have to pull out your computer whenever you want to move funds.
As compared with other Bitcoin wallets, Mycelium is a bit complex, but advanced users may find it easy to navigate.
Used by hundreds of thousands of people, try Mycelium wallet here
Edge wallet is an easy-to-use cryptocurrency wallet for Android and iOS devices. The wallet has an intuitive user-interface with a convenient authorization for easy access even for novice users.
Edge wallet comes with in-app features that include the following:
- Buy cryptocurrencies- On the app, you can easily buy cryptocurrencies either by wire transfer of credit cards
- Exchange cryptocurrencies – Exchanging crypto within the app via services, such as ChangeNow, ShapeShift, and Changelly.
- Spending cryptocurrencies- With Edge, you can easily buy gift cards from popular online stores like Stream and Amazon through Bitrefill.
All information in the app is encrypted and you can enable a 2-factor authentication for security precautions.
Check out Edge crypto wallet here
Coinomi is a full-featured crypto wallet that gained popularity thanks to its multi-currency software application for mobile phones. The wallet has a Russian-based interface and is integrated with two exchange services; Changelly and ShapeShift.
The makers of Coinami released a desktop version of the wallet all but extending its activities to other devices. Coinami supports more than 100 virtual coins and it has advanced features from keys storage to security and anonymity.
Popular and used by millions, see Coinomi crypto wallet.
Armory is regarded as the first open-source bitcoin wallet that provides both cold storage and multi-signature support. It has a user-friendly interface and is built with robust security features to help users safely manage their Bitcoin tokens. It allows users to set up multiple addresses in the wallet so that users can easily separate their personal Bitcoin accounts from their business accounts.
Armory is free to install and it is compatible with Mac OS X, Linux, and Windows systems.
Lesser known but still has good ratings. See Armory software wallet for crypto.
This is a popular multi-currency software crypto wallet for mobile devices. Citowise wallet supports almost 40 cryptocurrencies and is in-built with centralizing input validation to ensure high-level security of users’ data. The wallet is characterized by a simple-to-understand user interface for easy access. The interface is integrated with exchange services and it is possible to rebalance your portfolio.
However, this proprietary software doesn’t support multi-signature as well as two-factor authentication.
As you can see, every wallet is different and has its own features. Some wallets work on both mobile and desktop devices while others only work on one or the other. Choose a wallet that will help you get the best results for what you want from your wallet.
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