Best Mobile Cryptocurrency Wallets 2022

Best Mobile Cryptocurrency Wallets 2022. In today’s video, we will be reviewing some of the best mobile cryptocurrency wallets in 2022.

Before all else, what are the different types of crypto wallets that exist in the industry?
Digital wallets for different cryptocurrencies come in different formats, each with its own advantages and disadvantages regarding the ease of transactions, and security. However, no matter the security, provisions in any wallet, it is up to you to set the security standards of your wallet. You can always use strong passwords to affirm personal access to your digital wallet.

1. Cold Storage Cryptocurrency Wallets
Cold storage wallets are small, encrypted portable devices that allow you to download and carry your preferred cryptocurrencies. In short, you get to store your cash offline, and they are very secure. These type of wallets tend to cost as much as a hundred dollars, but it is definitely worth it considering the security provisions that come with them.

2. Hot Storage Cryptocurrency Wallets
Hot storage cryptocurrency wallets, on the other hand, are directly connected to the internet, such as a desktop software program, a phone app, and an online provider. Unfortunately, all hot wallets contain a certain level of security risks because they are connected to the internet and are vulnerable to online fraud. For this reason, you need to always keep your digital cash safe at all times. The good thing is that all the services are free and are more use-friendly.

In our case, we will be discussing a specific type of cryptocurrency wallets under both categories that we have just discussed – the Mobile Wallets.
Mobile cryptocurrency wallets are the wallets that you download and install into your mobile device. These types of wallets allow you to access the cryptocurrencies through your smartphone and carry out daily activities.

6 Best Mobile Cryptocurrency Wallets

Exodus
When starting off in the crypto space, we tend to buy and sell very small amounts of cryptocurrency because at the time, we are trying to fully acquaint ourselves with the technology. That is where mobile wallets like Exodus come in. It is a multi-currency hot wallet that you can seamlessly download and install on your iOS or Android smartphone for free. You can also access its desktop wallet version if you are more comfortable trading from your computer.

Ledger Nano S
If we are being frank, the Ledger Nano S is the best value for the buck among all cold storage wallet options that you may come across. It would cost you about EUR 59 and it comes in the form of a USB driver. The Ledger Nano S is compatible with all cryptocurrencies that can be tracked and easily managed through the Ledger Live software. It is the first cold wallet to be certified by ANSSI, the French cyber-security agency, meaning that it is very secure.

Meta Mask
Meta Mask is a popular mobile cryptocurrency wallet among Ethereum users. It is available as a mobile app for iOS and Android smartphones and as a Chrome extension. The wallet is fully open-source and is supported by a global community of skilled designers and developers from the blockchain world, which means that it is very advanced and well-established.

Electrum
The Electrum wallet is one of the most established and most ideal mobile cryptocurrency hot wallets for Bitcoin enthusiasts. It offers an open source code, which is part of the reason why many blockchain developers have been able to advance the platform. We could assume that Electrum was specifically designed to accommodate expert cryptocurrency traders because of its specific user-interface that is a little bit complicated to use.

Coinbase Wallet
It hasn’t been long since the Coinbase wallet became popular. It is renowned for its Visa-backed debit card that integrates with Google and Apple Pay, as well as the fact that it makes trading well-known cryptocurrencies such as Dogecoin and Bitcoin very easy. It is compatible with Android and iOS devices and it is a great place to start for beginner crypto enthusiasts.

Trust Wallet
The Trust Wallet app has become one of the highest-rated crypto mobile wallets on all marketplaces. It is the official mobile wallet app of Binance, which is considered as part the leading cryptocurrency exchanges worldwide. It is available for both Android and iOS devices and it supports more than 40 blockchains. It supports token standards, such as ERC-20, BEP20, ERC-721, and BEP2, among so many others.