56% of American adults have bought cryptocurrency in the past.
Our world has evolved from trading chickens and textiles to trading digital currency. Cryptocurrency is still an evolving concept with many people still not quite understanding how it works.
If you’re someone just now diving into the world of cryptocurrency, you’ve probably seen plenty of ads for crypto wallets. The amount of choices is overwhelming!
We’ll help you make your selection with the guide below. We’ve highlighted our top 3 choices for the best wallet for crypto in 2022.
What Is a Crypto Wallet?
It’s essential to understand the function of a crypto wallet. Much like your physical wallet, it holds and protects access to your digital assets.
The wallet protects your digital keys, the passcodes that allow you to send, receive, and trade cryptocurrency. They came in different forms such as:
- Hardware wallets
- Software wallets
- Web wallets
When selecting a wallet, select one that a) allows you to reach your specific crypto goals and b) best fits your lifestyle. For example, if you’re an on-the-go trader, select a mobile wallet that’s ideal for making trades.
Beginners rejoice! Coinbase makes owning a Bitcoin wallet simple.
Before taking a deeper look into Coinbase, their wallets only allow you to trade Bitcoin currency. However, you can store NFTs in your Coinbase wallet.
The interface is straightforward and easy to figure out. Coinbase connects to a large variety of banks and relies on top-notch security to protect access to your wallet.
For those wanting to extend beyond Bitcoin, eToro is one of the best types of crypto wallets available.
eToro allows access to over 30 types of cryptocurrencies, and the wallet is licensed by the Guernsey Financial Services Commission (GFSC). This is a major benefit when looking for a wallet you can trust.
However, there is one significant downside to eToro. It’s not available in every state, including Hawaii and New York.
This multi-platform wallet is a suitable crypto wallet for any level of user, from beginners to pros.
Guarda supports over 50 different blockchains and comes with some of the best customer services we’ve seen! They’re always available for your questions and concerns.
Whether you want to buy, sell, trade, or borrow crypto, you can do it through this wallet. Creating a wallet is free, but we will warn you about the slightly high in-app fees.
Cryptocurrency in 2022: The Best Wallet for Crypto
Protecting your digital assets is crucial, especially if you’re dropping major bucks buying cryptocurrencies and NFTs. Secure your assets with a crypto wallet.
Ultimately, your personal preferences will determine the best wallet for crypto. But we’ve provided a great starting place with the list above. Make sure to visit each wallet’s site before making your final decision.
Check out the rest of our site for more hot crypto news! FreeBitcoins also offers swap, faucet, and exchange tools for crypto owners. Try out our swap tool today.