Want To Invest In Crypto?
Explore Tikka Token.
Crypto

Best Cryptocurrency Wallets To Kickstart Your Crypto Journey

Looking for the best crypto wallets in 2021? This blog has 6 of them! Find out the features, pros, and cons of the top cryptocurrency wallets on the market.
December 15, 2021

Schedule a call based on your convenience. And get an expert to help you invest.

Top 5 Reasons To Try Our Powerful Investment App!

  • High Quality MFs
  • Top Notch Stock Advisory
  • Expert Financial Advisors
  • Alternative Investments
  • Low Minimum Investments

A cryptocurrency wallet is known to be one of the most important tools when it comes to investing in Bitcoin, Ethereum, Solana, and others in a safe and reliable way.

Imagine a traditional wallet - it is available in different shapes and sizes but at its core, the wallet is used to keep your money safe. A top crypto wallet serves the complex purpose of keeping your private key safe. 

A private key is what you’ll use to access your cryptocurrency holdings. This means that a crypto wallet doesn’t actually store actual cryptocurrency. 

Furthermore, the cryptocurrency wallet will allow you to send and receive crypto from an exchange or a third party. That’s why owning a top cryptocurrency wallet becomes important when investing in crypto. 

Lucky for you, we’ve compiled the best cryptocurrency wallet list for 2021 with each one’s unique features and pros & cons. 

Top 6 Crypto Wallets For 2021

Before we get to the list of top cryptocurrency wallets, it’s important to know two terms:

  • Cold Wallet: Physical devices that are compact and easy to carry and known to have greater security (think of a USB stick)  
  • Hot Wallet: Completely online and known to be vulnerable to breaches (think of a virtual ATM or trading account)

Wallet Name

Storage Type

Tokens/Coins Limit

Coinbase Wallet

Hot 

500+

OPOLO Wallet

Cold

200,000+

Ledger Nano X

Cold

1,800+

Mycelium Crypto Wallet

Hot 

22+

Trezor Model T

Cold

1000+

Electrum Crypto Wallet

Hot

1

Wallet #1: Coinbase Wallet

The Coinbase Wallet is provided by the world’s second-largest crypto exchange, Coinbase Inc that is also a publicly-traded company. 

Features Of Coinbase Wallet 

  • Hot wallet
  • Self-custody
  • Swap assets
  • NFT support

Pros & Cons Of Coinbase Wallet

Pros

Cons

Easy to use

Needs constant internet connection

Your crypto, your control (self-custody)

Limited coins and token support

Backed by a publicly-traded company (Coinbase)

 

Wallet #2: OPOLO Wallet

OPOLO Wallet is a physical device that’s designed to be convenient for storing crypto. This cryptocurrency wallet is only available for desktop and Android users as of December 2021.  

Features Of OPOLO Wallet

  • Cold wallet
  • EAL6+ certification (top-notch security)
  • Supports 200,000+ coins and tokens
  • USB encryption

Pros & Cons Of OPOLO Wallet

Pros

Cons

High degree of security

Encrypted backups not supported

Simple UI

Not available for iOS

Randomized keyboard

 

Wallet #3: Ledger Nano X

Ledger Nano X is a physical cryptocurrency wallet whose parent company has been making top cryptocurrency wallets since 2014. 

Features Of Ledger Nano X

  • Cold wallet
  • Cordless
  • Supports 1,800 coins and tokens
  • Sleek and easy to use

Pros & Cons Of Ledger Nano X

Pros

Cons

High level of security

Relatively expensive

8 hours battery life

Bluetooth reliant

Ledger Live mobile app

 

Wallet #4: Mycelium Crypto Wallet

Mycelium is an online cryptocurrency wallet that’s available for both Android and iOS users. It also supports cold wallet integration. 

Features Of Mycelium Crypto Wallet

  • Hot wallet
  • Cold wallet integration
  • Supports Bitcoin and Ethereum
  • In-app cryptocurrency exchange

Pros & Cons Of Mycelium Crypto Wallet

Pros

Cons

Cold wallet integration

Primarily supports Bitcoin and Ethereum

Trade crypto within the platform

Difficult for beginners

Offline transactions

 

Wallet #5: Trezor Model T

Trezor Model T is a physical wallet that’s known to be safe. It also gives users access to security features like Shamir Backup to recover coins and tokens. 

Features Of Trezor Model T

  • Cold wallet
  • Touch screen
  • MicroSD card port
  • Shamir Backup

Pros & Cons Of Trezor Model T

Pros

Cons

High-level security features

Relatively expensive

Access to third-party exchanges

Stocky exterior

Touch screen

 

Wallet #6: Electrum Crypto Wallet

Electrum is a hot cryptocurrency wallet that’s known to be safe and highly customizable with support for only Bitcoin as of December 2021. 

Features Of Electrum Crypto Wallet

  • Hot wallet
  • Only supports Bitcoin
  • No downtime
  • Open-source

Pros & Cons Of Electrum Crypto Wallet

Pros

Cons

Supports two-factor authentication and multiple signatures

Only supports Bitcoin

Cold wallet integration

Difficult for beginners

No downtime

 

Conclusion

A top cryptocurrency wallet is effectively your defence against malicious attacks. More importantly, it’s your storehouse of private keys. That’s why it is important to choose the right crypto wallet. 

Apart from the information mentioned above, you must look at the reviews posted by existing users, the historical track record of the wallet, and whether or not it fits your use case before making a choice. 

‍Note: Facts & figures are true as of 15-12-2021. None of the information shared here is to be construed as investment advice. Exercise caution when investing in unregulated assets like cryptocurrency.

Shriram Shekhar
Shriram is a Content Marketer at Cube Wealth, the Financial Freedom App with a smart Perfect Portfolio Planner. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. Shriram’s love for philosophy, product development, and empowering people through quality content is what got him to Cube Wealth.

Top 5 Reasons To Try Our Powerful Investment App!

Schedule a call based on your convenience. And get an expert to help you invest.

  • High Quality Mutual Funds
  • Top Notch Stock Advisory
  • Invest in U.S. Stocks
  • Alternative Investments
  • Low Minimum Investments
Try Cube’s Exclusive Wealth Concierge Service! We offer a 10-minute portfolio analysis and set up service to select users.

Want the best
investment blog delivered straight to your inbox?

Thank you for joining our mailing list!
Oops! Something went wrong while submitting the form.

Similar Posts

SIP Posts

All

Calculate your
SIP returns

Calculate your
Lumpsum returns

Grow your money without wasting time

on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!