Before you can play the new slot games in crypto casinos, you must have a wallet — a place where you store various cryptocurrencies you own. It is also the system you use to transfer and receive cryptocurrencies.
The question is: what is the best cryptocurrency wallet? There are several that you can use — hundreds of them. Below, we will show you the best and most popular crypto wallets you must consider.
1. Coinbase
Coinbase is the most popular cryptocurrency wallet because it is also the largest. It trades more than 150 cryptocurrencies and is based in the US. The problem with Coinbase is that it charges fees and that these fees are sometimes higher than what its competitors charge.
Here are some things worth knowing:
- The fee is between 0.5% and 4.5%
- There must be a minimum of at least $2 worth of coins in the account
- You will have access to more than 100 cryptocurrencies.
Coinbase is what you need if you want a versatile wallet. You can use it to buy and sell cryptocurrency, and you can even earn interest if you are eligible.
2. Metamask
Metamask is a popular cryptocurrency as it is the one used for a game called Decentraland. This is a meta-universe game, and you can even use Metamask to collect non-fungible tokens.
What makes Metamask ideal as a crypto wallet is that it is easy to use. It also has a mobile app that you can access anytime. The only problem is that it has a secret phrase that you must never lose.
Here are some things worth knowing:
- It does not support bitcoin
- There are various fees based on where you are located
- The wallet supports Ethereum and other cryptos like Mana
- You can buy and store NFTs
- Has a mobile app for Android and iOS.
One thing that makes Metamask a popular choice is that you do not have to provide personally identifiable information to be able to use it. That will come later. Metamask is also a required wallet if you would play in Decentraland.
3. ZenGo
ZenGo is a mobile wallet that offers an all-in-one solution for those who need to transact in cryptocurrency. With it, you can buy, sell, send, and receive various cryptocurrencies.
The beauty of ZenGo is that it no longer uses the typical crypto wallet address made of long codes and keys. Instead, ZenGo uses what are called threshold signatures. These are two secret codes: one is stored on your mobile device, and the other is stored on the servers of the company.
Here are some things you need to know:
- No passwords required
- No need for seed phrases like Metamask
- No long private keys
- Free to download.
Overall, ZenGo supports more than 70 cryptocurrencies, including, but not limited to, BTC, ETH, BNB, and DOGE.
One thing you will love about ZenGo is that you can buy and sell cryptocurrencies from the mobile app. Many cryptocurrency wallets do not do this — you must go to their websites to be able to transact.
In addition, you can also earn interest on your cryptocurrency holdings if you lend them to other people. What does this mean? It means that you are taking the risk of lending money to people. If they pay, they pay with interest. If they don’t, you lose that money. It is like peer-to-peer lending but with crypto assets.
4. Exodus
The last on our list is Exodus, a wallet that offers secure software tools that you can use for trading cryptocurrency. It has a mobile app and a desktop, so you can choose which is more convenient for you.
Here are some things you need to know:
- You can integrate it with the Trezor wallet
- It supports more than 100 cryptocurrencies
- Easy to use
- You can earn interest by staking your crypto assets
- It is free to use.
Exodus is a popular wallet because it seems to have been built for beginners. The user interface is intuitive, and you cannot go wrong with the buttons you tap.
A recent feature that Exodus added is that you can now buy and sell NFTs on the platforms. There is what is called the Exodus NFT Market. Here, you can buy NFTs. However, since the NFT platform is integrated with the Solana network, you need SOL crypto to process your NFT transaction.
Crypto wallets all operate under the same premise. You can buy, sell, receive, and send crypto assets. The difference is that not all crypto wallets accept the same types of coins. In addition, not all of them charge the same amount of fees.
Before you decide, choose one that you can use for online gaming. If unsure, you can always send an email or contact customer support for the crypto wallet you are eyeing.
About the Author/s
The New Jersey Digest is a new jersey magazine that has chronicled daily life in the Garden State for over 10 years.
