Why is the demand for digital assets growing? Because they allow you to preserve the value of money during inflation, invest in new projects, and not depend on the limitations of the banking system and state decisions. But to gain real control, it is important to find the right tool. To that end, let’s consider which cryptocurrency wallet for your phone is the best choice in 2024.
How is a mobile wallet better than others? It allows you to manage assets anywhere in the world, instantly responding to changes in the world. Funds are always at your fingertips – all you need is a smartphone and an Internet connection.
Trustee Plus
One of the best modern mobile apps with support for more than 30 assets.
- Allows you to securely store cryptocurrencies by customizing the appropriate protection technology: two-factor authentication, PIN, TouchID and FaceID;
- Conveniently manage assets, even if you have no special knowledge of cryptocurrencies;
- Pay for purchases around the world with a cryptocurrency card. The card can be redeemed directly in the app.
In addition, Trustee Plus offers favourable terms. For example, BTC deposit fee – 0%, cryptocurrency card payment – 0%, and Stablecoin exchange and transfer via phone number – 0%.
Ledger Nano X.
One of the best hardware wallets, or physical offline storage devices. What it’s good for.
- The wallet uses a Bluetooth connection to a computer or smartphone and an app from Ledger to control it;
- High level of security and customizable additional layers of protection;
- Suitable for long-term storage and tasks that do not require daily connectivity.
Disadvantages: small feature set; functions such as replacement are placed in a separate app, which is inconvenient for work; high price of the device.
Trezor Model T
Another hardware wallet with support for several currencies. What are its advantages?
- Unlike the Nano X, which only works via an app, the Model T allows you to control the device via the touch screen;
- Securely stores assets thanks to Trezor encryption technology;
- Can be paired with the Exodus mobile wallet for convenience.
Disadvantages: inconvenient for daily tasks; lacks a basic function for buying and selling cryptocurrencies via bank cards; frequent automatic updates.
Exodus
A cryptocurrency wallet for personal computers that has also released a smartphone version. It supports a wide range of cryptocurrencies and allows it to work with Trezor hardware wallets, including the Model T.
However, like the Model T, it does not have the function to buy and sell assets for fiat, which is an important factor when choosing a wallet. The desktop version of Exodus is praised for its user-friendly interface but criticized for its poor security.
MetaMask
A mobile wallet that also has a browser extension version.
- The wallet only works with Ethereum-like networks, including Polygon and Avalanche. It plans, but for now, does not support Bitcoin and BTC networks;
- The mobile version is inferior to the browser version, not allowing DeFi to work;
- Like Exodus, it can integrate hardware wallets, but with Ledger;
- MetaMask is vulnerable to phishing attacks. In 2021, its users lost about $0.5 million after going to a fake site.
When choosing a wallet, pay attention to its security level and operating conditions. The best wallet will reliably protect your assets and offer low commissions. An important advantage will be to support purchases from your bank card and cryptocurrency card to pay for purchases and quickly solve daily tasks.
Cryptocurrencies and blockchain technology are the future. And the best way to find a universal tool for storing and managing digital assets is today.