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5 Best Crypto Wallets

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Bitcoin ATMs - or BTMs - are a great way to add BTC to your wallet. They’re fast, private, secure, and safe. But if you’re just getting started in the world of crypto, it can be tough to determine which wallet to use. While there are plenty of options out there, not all wallets are the same. 


For example, some walletsonlysupport Bitcoin. That’s fine if you don’t want to mess with other cryptocurrencies, but some people prefer to diversify their crypto portfolio. No matter what you plan to do with your cryptocurrency, you want to ensure that it’s in a reliable, trustworthy wallet.

 

You don’t need much to use a BTM, but you do need a crypto wallet. That’s why we’re showing you the 5 best wallets to use with Bitcoin Depot BTMs.

  1. Exodus - Best Wallet for Crypto Newcomers

Exodusis one of the most popular and well-known crypto wallets in the market. The wallet is available for desktop, iOS, and Android, and boasts fast transactions to go along with an intuitive user interface. 


This visually appealing wallet is an excellent option for those dipping their toes in the crypto world. Exodus supports hundreds of digital currencies and is always updating its app to provide additional functionality to its users. Additionally, Exodus is compatible with hardware wallets like Trezor One and Trezor T, so if you decide to wander past the shallows of the cryptosphere, Exodus has you covered.


Pros


  • Supports multiple cryptocurrencies

  • Beginner friendly

  • Easy to use

  • Available on desktop, iOS, and Android


Cons


  • No two-factor authentication

  • Charges higher transaction fees than other wallets

  • Does not support Multi-Signature addresses


  1. Ledger Nano - Best Hardware Wallet

If you want a crypto wallet that is known for its security, check out theLedger Nano. This wallet provides its users with a Secure Element component, which is often used in credit cards and passports. With an extra layer of security, you know your cryptocurrency is safe and secure. It is the first of its kind to earn security certification from the National Agency for Information Systems Security (ANSSI). 


Moreover, the Ledger Nano also offers support for a wide range of digital currencies. The Ledger Nano isn’t cheap and it’s not as user-friendly as the other wallets you’ll find on this list, but when it comes to security, it’s tough to beat this hardware wallet.


Pros


  • Supports a wide range of crypto assets

  • Easy to set up

  • Offers additional security features

  • Portable

  • Connects via Bluetooth


Cons


  • Pricey when compared to other wallets

  • Cannot purchase digital assets through the wallet

  • Closed-source operating system


  1. Mycelium - Best Mobile Wallet

For users who prefer to do everything via mobile,Myceliumis an excellent choice. Mycelium supports both iOS and Android, but doesn’t have a desktop version. It’s one of the oldest and most-used Bitcoin wallets on the market and offers a simple interface that allows users to buy and sell BTC right in the app.


The Mycelium wallet gives you complete control over your private keys, which means you’re in charge of your funds, not an exchange or third party. You won’t be able to store hundreds of coins with Mycelium, because the wallet doesn’t support them. But you will have a secure Bitcoin wallet that allows you to use your funds as you see fit.


Pros


  • Control over your private keys

  • Top-tier security features

  • Fast transactions

  • Available on iOS and Android


Cons


  • No desktop version

  • Can be challenging for beginners

  1. Electrum - Best for Advanced Users

Most of the wallets on this list are ideal for beginning and intermediate crypto users. But notElectrum. This wallet - developed only for Bitcoin - was recently upgraded to support transactions using the Lightning Network while providing additional security that monitors the Bitcoin blockchain for fraud.


However, the wallet is popular with long-time Bitcoin enthusiasts because it offers excellent customization options. For example, users can quickly switch between the Lightning Network and the Bitcoin blockchain while setting their own fees. Plus, Electrum offers two-factor authentication and multi-signature capabilities for additional security.


Keep in mind that this wallet is for advanced users. The interface is bare bones and could be difficult for new users to navigate. However, if you understand Bitcoin and want detailed control of your transactions, Electrum might be the wallet you’re looking for.


Pros


  • Supports two-factor authentication

  • One of the oldest wallets in the market

  • Open-source software

  • Connects to Lightning Network

  • Wide range of features


Cons


  • Not for beginners

  • Lacks customer support


  1. Atomic Wallet - Best for Diversifying

Atomic Walletis one of the best wallets on the market if you plan on holding more than Bitcoin. With support for more than 500 digital assets, Atomic Wallet gives users the ability to buy, sell, trade, and hold their favorite cryptocurrencies. You also have the option to stake your coins, which helps maintain the security of the blockchain while bolstering transaction processing.


With a blend of features for beginners and experienced crypto enthusiasts, Atomic Wallet is available on a variety of platforms, including Android, iOS, Mac, Linux, and Windows. However, the wallet currently does not support additional security features like two-factor authentication, so keep a close eye on your funds if you choose Atomic Wallet.


Pros


  • Easy to use interface

  • Supports more than 500 cryptocurrencies

  • Available on desktop and mobile platforms

  • Users can stake digital assets

  • 24/7 support

Cons

  • No two-factor authentication

  • Not open-source

The Best Crypto Wallet for You

There’s no single best crypto wallet and many crypto enthusiasts use multiple wallets to store their digital assets. Whether you’re new to crypto or an experienced veteran, choose a wallet that makes the most sense for you. With a reliable, secure, and safe wallet, you can quickly and easily interact with one of Bitcoin Depot’s BTMs. 





Oct. 27, 2022