Best Crypto Wallets in 2024

After testing more than 20 crypto wallets, we’ve narrowed down the top 5 picks. Our evaluation focused on security, cross-chain compatibility, device compatibility and how well they integrate with popular on-chain apps for both EVM and non-EVM platforms. Choosing the right wallet depends on your needs, whether it's ease of access or higher security for storing large amounts.

1. Ledger Nano S Plus

The Ledger Nano S Plus is a popular choice for securely managing both crypto and NFTs. It supports over 5,500 digital assets and lets you install up to 100 apps at once, so you can easily handle multiple coins. With a large screen, it’s simple to review and confirm your transactions, making it ideal for users who want a bit more transparency and control. 

Plus, the secure chip (CC EAL6+) keeps your private keys offline, offering advanced protection from online threats. What really sets the Nano S Plus apart is how smoothly it handles NFTs. Using Ledger Live, you can safely send and sign NFT transactions with full transparency. It connects via USB-C and works with both Android and desktop devices.

• ‍Price: $79.
• Supported Chains: Available on all EVM and non-EVM compatible chains.
• Wallet Type: Hardware USB-C, Android & Desktop devices.

2. MetaMask

MetaMask is the most popular hot wallet, designed specifically for Ethereum-based chains like Binance Smart Chain and Polygon. Available as a browser extension and mobile app, it allows users to interact with Dapps, store ERC-20 tokens, and access DeFi services. Its built-in Web3 integration makes it great for interacting with NFTs and DeFi platforms.

Through its MetaMask Snaps extension, MetaMask now also supports non-EVM chains like Solana and Cosmos. The wallet also offers a simple and flexible interface, making it a great starting point for beginners. Advanced users can easily customize their network settings and switch between multiple accounts. 

• ‍‍Price: Free.
• Supported Chains: Only supports EVM-compatible networks and not Bitcoin.‍
• Wallet Type: Web and Mobile only.

3. Phantom Wallet

Phantom is the perfect wallet for anyone using the Solana blockchain, trusted by over 7 million users for its speed and simplicity. The wallet is designed with beginners and advanced users in mind, offering a smooth, intuitive experience. Plus, you can stake your SOL directly from the app and earn rewards without any hassle.

Security is a top priority with Phantom, so your private keys stay on your device, giving you full control over your assets. As a self-custodial wallet, users maintain full control of their funds without needing to provide personal information. Available as both a browser extension and a mobile app, it is a great choice for anyone looking to manage their Solana assets securely.

• ‍‍Price: Free.
• Supported Chains: Built specifically for Solana.‍
• Wallet Type: Web & Mobile only.

4. Grid Lattice

The GridPlus Lattice1 is a powerful hardware wallet designed for serious DeFi users, NFT collectors, and dApp enthusiasts. With its large 5-inch touchscreen, you can easily review and confirm transactions, so no more blind signing. It offers advanced security by keeping your private keys offline, which makes it a solid choice for anyone looking to protect their assets from online threats.

It supports multiple networks like Ethereum, Bitcoin and all EVM-compatible chains. The Lattice1 also works with SafeCards, storing multiple wallets securely. Its tamper detection features and security mesh constantly monitor sensitive areas, adding an extra layer of safety. Compatible with popular wallets like MetaMask, the Lattice1 is easy to integrate into your crypto routine. 

• ‍‍‍Price: $397.
• Supported Chains: Ethereum, Bitcoin and all EVM chains.
• Wallet Type: Large 5” screen hardware wallet.

5. Trezor Model T

The Trezor Model T is a stylish and secure hardware wallet that makes managing your crypto easy. With its 1.54” color touchscreen, you can confirm every transaction directly on the device, giving you complete control. It supports thousands of coins, all accessible through the Trezor Suite app, where you can send, receive, trade, and stake your assets.

It’s packed with advanced features, PIN and passphrase protection, Shamir Backup for recovering your wallet if it’s lost, and even Two-Factor Authentication (FIDO2). Plus, it’s open-source, so you know exactly how it works. The privacy options, like coin control and Tor integration, make it ideal for long-term crypto storage. 

• ‍‍‍Price: $150.
• Supported Chains: All EVM and non-EVM Chains.‍
• Wallet Type: Hardware USB-C Wallet.

What is a Crypto Wallet?

A crypto wallet is a tool that securely stores the keys you need to access and manage your cryptocurrency. It holds two keys, a public key, which acts like an address for receiving crypto, and a private key, which is used to access and control your funds. The wallet interacts with the blockchain to authorize transactions, allowing you to send, receive, and track your assets. 

Types of Crypto Wallets

Crypto wallets come in two main types: hot wallets and cold wallets. Each type serves different needs based on security, convenience, and how often you access your crypto. Below is a detailed summary of the available types of wallets.

Hot Wallet

Hot wallets are connected to the internet, making them easier to use for regular transactions. 

• Browser Wallet: Web wallets are accessed through a browser and often hosted by third-party platforms. MetaMask is a great example of a popular online wallet.
• Mobile Wallet: These are apps on your phone for quick access to your crypto. Trust Wallet is a commonly used mobile-only crypto wallet.
• Desktop Wallet: Desktop wallets are crypto wallets that can only be accessed from a computer and cannot be used on mobile or tablet devices. Exodus is a well-known desktop wallet.

Cold Wallet

Cold wallets, on the other hand, are completely offline, providing stronger security but less accessibility. 

• Hardware Wallet: Hardware wallets are physical devices, like USB drives, that store your private keys offline. They are considered one of the safest options, especially for long-term storage. The most in-demand hardware wallet is Ledger and Trezor.
• Paper Wallet: Paper wallets are another cold storage option, where your keys are printed on paper. While highly secure, losing or damaging the paper could result in losing access to your funds. This is the least safe form of crypto wallet.

When choosing a wallet, it’s important to weigh how often you’ll use your crypto against the level of security you need. Hot wallets are ideal for frequent transactions, while cold wallets are better for safely storing larger amounts over time.

‍Do I Need a Crypto Wallet?

Yes, crypto wallets are essential because they provide secure control over your digital assets, ensuring only you have access to your cryptocurrencies. They store the private keys that grant ownership of your funds, protecting them from online threats and unauthorized access. 

Without a wallet, your crypto could be vulnerable if left on digital asset exchanges, where you don't have full control. Wallets also enable you to send, receive, and manage your assets across various blockchains, making them a key tool for anyone involved in cryptocurrency. By using a wallet, you can safely store, trade, and even stake your crypto, all while maintaining complete control.

Bottom Line

In conclusion, choosing the right crypto wallet is important for securely managing your digital assets while giving you full control over your transactions. Whether you prioritize ease of use, advanced security, or cross-chain compatibility, the top wallets like Ledger Nano S Plus, MetaMask, Phantom, Grid Lattice1, and Trezor have you covered with features designed to suit different preferences and needs.