In 2024, the role of digital currencies becomes more prominent than ever. Many businesses, both offline and online, use cryptos for payments due to their security and transparency. This is especially evident in the online gambling industry, where more and more online casinos opt for digital currencies as a deposit or withdrawal method.
To make crypto payments, one needs to buy, trade, and sell crypto tokens. And that is where crypto wallets come in handy. These wallets can be both hardware and software but they all essentially have one purpose – to store and trade cryptos as well as protect transactions made in digital currencies. For this article, we are going to focus on the software wallets that allow you to store your cryptos online. Keep reading to find the top 5 crypto wallet picks for 2024, according to Forbes magazine.
Coinbase
Also named the best wallet for beginners, the Coinbase Wallet is one of the three tools offered by the service. Newbies in the crypto sphere love this wallet for its user-friendly and intuitive interface as well as a large selection of cryptos. The wallet from Coinbase allows the storage of the most popular crypto coins like Bitcoin, Dogecoin, Litecoin, Ethereum, and Ripple. The overall number of currencies exceeds 5 500. Users also can link their Coinbase Wallets to Ethereum- and Polygon-based NFT marketplaces. Besides, it is connected to most of the popular banking systems and many decentralized cryptocurrency exchanges like:
- Uniswap;
- Sushiswap;
- TraderJoe;
- 1inch.
This wallet, however, isn’t perfect. For one, one of the most common cryptos – Bitcoin – is only available via mobile app.
| Pros | Cons |
| Over 5.5k supported cryptos | BTC is only available via the mobile app |
| Connects to many DEXes and banking systems | High fees to purchase ETH |
| Supports ETH- and Polygon-based NFTs |
SafePal
This wallet supports an impressive number of digital tokens – over 30 000 – including stablecoins like TUSD and DAI. Besides, SafePal is extremely popular with over 6 million users in 190+ countries.
What is more, the wallet integrates with one of the world’s top crypto exchanges – Binance. SafePal also has a cold (hardware) option of storing your crypto for a relatively low price – $50.
This crypto wallet, however, isn’t the best option for beginners and its interface is somewhat hard to navigate. And if you have any problem, you can contact the support team only via the request form on the website.
| Pros | Cons |
| 30k+ cryptocurrencies | Poor customer support |
| Integrates with Binance crypto exchange | Not a very intuitive interface |
| Offers hardware wallet for $50 |
Crypto.com
This wallet from Crypto.com allows storing decentralized finance (DeFi) cryptos. Crypto.com wallet has a great selection of DeFi tools, strong security, and great onboarding for users who are just starting in the world of crypto. Every user is given a private key to control their crypto assets. The other security measures include two-factor authentication, encrypted passwords, and biometric authentication. Some other unique features of the Crypto.com wallet are 1-to-1 crypto swaps, the Wallet Connect tool, and passive income tools.
This wallet supports over 800 different crypto tokens, including the most popular ones like BTC, ETH, and USDC. At the same time, you cannot stake Ethereum on this platform, but staking is available for other coins – ATOM and CRO.
| Pros | Cons |
| 800+ cryptos | You cannot access your funds if you lose a private key |
| High level of security | No ETH staking |
| NFT storage |
Exodus
This crypto platform is also an amazing pick for beginners in the niche. While it first was a desktop-only tool, recently Exodus has developed apps for both iOS and Android. There are 225+ available cryptos and NFTs, like ETH, XRP, Bitcoin Cash, Shiba Inu, and more. With the Exodus wallet, users also can trade and stake cryptos with a built-in decentralized exchange.
What is more, Exodus has dozens of educational videos and other materials for newcomers in the crypto industry. This software wallet is also compatible with hardware storage like Trezor One and Trezor T.
| Pros | Cons |
| Connection to Exodus DEX | No ETH staking |
| Various educational materials | Not integrated with centralized exchanges |
| Compatible with multiple cold wallets |
MetaMask
Last but not least on our list is MetaMask. This crypto wallet is great for Ethereum storage and exchange. With 30 million+ active monthly users, it is one of the most common wallets within the Ethereum network. One of the best features of MetaMask is its accessibility and straightforward design. So, even beginners that want to store and exchange ETH-compatible cryptos can get started easily.
The other great perk of MetaMask is its compatibility with other blockchain web3 networks and NFT marketplaces, including:
- Binance Smart Chain;
- Polygon;
- Avalanche;
- OpenSea.
| Pros | Cons |
| Compatible with various web3 networks | No option to directly store BTC |
| Integrates with NFT marketplaces | High fees for ETH storage |
| Intuitive interface |
Read more: 6 BEST WAYS TO MAKE MONEY WITH CRYPTO IN 2024
