Looking for trustworthy crypto wallet reviews?
In this section of our site you will find indepth crypto wallet reviews focused on crypto storage. In this section we cover multiple ways to store your Bitcoin or crypto, be it a web wallet, app wallet, hardware wallet, desktop wallets and so. A wallet is a way to store your bitcoin or cryptocurrency. Think of a wallet being like a bank, a place where you keep and safely store your ‘money’, but its not a bank, its fully owned and managed by you if it’s a hardware wallet or possibly by someone else if it is a non-custodial wallet. We highly recommend custodial hardware wallets for storing crypto however in this section we review various types of crypto storage types. See all our crypto wallet reviews here…
Our Crypto Wallet Reviews
Read our detailed crypto wallet reviews to find the best way to store your Bitcoin and cryptocurrency
What is a Crypto Wallet?
Like normal fiat/money, crypto is best stored in a wallet, and there are various types of wallets and storage available. One of the hardest things to understand when you are new to crypto, like bitcoin and ethereum is how to buy it and how to store it safely. A crypto wallet allows you to put your mind at rest, however there are several different types of storage that you need to know about before you get started.
If crypto is digital why do I need a wallet?
Crypto is fully digital in the sense that you will never hold a physical Bitcoin in your hand like a gold coin, but in order to access you bitcoin or other cryptocurrencies, you will need to have a private key. A private key is an encrypted string of numbers and letters that reference your ownership of your crypto on the web. A private key is the most critical and sensitive thing to own once you have a few bitcoin to your name and storing it safely is incredibly important. So crypto wallets don’t actually hold your crypto but rather your private key that accesses all your crypto.
Types of Crypto Wallets:
To summaries there are 5 types of crypto wallets:
- Hardware wallets
- Paper wallets
- Desktop Wallets
- Mobile Wallets
- Web Wallets.
What is the best crypto Wallet?
The best crypto wallets are ones that offer cold storage that is non custodial. What and What?
Cold Storage is the the safest kind of storage because they are disconnected from the internet. Cold storage wallets include: Hardware wallets (think physical hardware like a pen drive) and paper wallets which is exactly what it sound like, completely non technical, just a piece of paper that holds your private details (private keys) physically in black and white on paper. Whilst paper wallets might sound easy, secure and hassle free, hardware wallets offer much better long term security, since paper can be lots (yes i lost mine). Read a hardware wallet review
Non Custodial refers to your private keys and means that no one else holds this key other than you. Whilst the risk of losing the key can make you cry. Owning your own keys (having a non custodial key setup) is the safest way of owning crypto. No middle man can ever come between you and your crypto. No bank or exchange can use your crypto, trade using your crypto (as banks often use their liquidity to trade on their own account), your crypto is owned by you and held by you directly and no one else can touch it.
Where do I get a crypto Wallet?
As we outlined there are several kinds of wallets. See our reviews on each:
Offered by most exchanges however are non custodial (meaning you will hold your crypto personally. Most exchanges offer web wallets
Paper wallets are old school, not safe and very unpopular, so we dont recommend any but you can read more about them here on wiki – Read more
Mobile wallets are similar to that of desktop but have a dedicated APP that handles the user experience.