As the landscape of cryptocurrencies continues to expand in 2024 with a variety of different digital currencies, finding a secure and safe place to store all of your cryptos in one spot is becoming more and more difficult. Multi crypto wallets, which are storage solutions that can keep various types of crypto all on one platform or device, are becoming increasingly popular as investors are diversifying and building crypto portfolios.
In this post we’ll share 5 of our top picks for the best multi crypto wallets, each one specifically tailored to different types of crypto investors. Whether you are a constant trader or a long-term investor, there is a specific wallet to meet your needs.
Our Top 5 Picks for Multi Crypto Wallets
- Best Multi Crypto Software Wallet: Guarda
- Best Multi Crypto Hardware Wallet: Ellipal Titan
- Most User-friendly Multi Crypto Wallet: Exodus
- Advanced Web3 Network Multi Crypto Wallet: Trust Wallet
- Best Seed Phrase Storage for a Multi Crypto Wallet: Material DIY
Now, let’s get into each one and go through their features, pros, cons, and what they are best used for.
Best Multi Crypto Wallets 2024
Guarda
Guarda Wallet is a versatile multi crypto wallet that supports over 50 cryptocurrencies and 400 thousand tokens. It is a good choice for experienced investors and offers a few security measures, but, be aware that as a hot wallet, it isn’t the safest option for crypto storage.
✅ Pros: Supports a variety of coins and tokens and has a user-friendly interface for easy navigation.
❌ Cons: It lacks the physical security and safety provided by a hardware wallet.
✨ Features: It has a built-in exchange with staking capabilities where you can earn up to 40% of annual yield.
🤔 Reviews and Current News: While a majority of users are happy with the customer service and the general use of the online wallet, there are some issues with the app, including updates and freezing during transactions.
📱Devices: Compatible with Android, iOS, Windows, Mac, and Linux.
💰Fees: No fees for using the wallet itself; but you will pay network fees for trading and buying crypto.
Ellipal Titan Wallet
As one of our top choices for a multi crypto hardware wallet, Ellipal Titan has some unique features. Apart from supporting over 10,000 coins and tokens, it also lets you trade NFTs and has a self-destruct option for added security.
✅ Pros: It’s a secure cold hardware wallet due to its “air-gapped” security features, meaning it functions offline.
❌ Cons: The physical handling required isn’t the most convenient for users who want super quick and accessible wallets. It is also battery-run, which adds an extra layer of responsibility for you to make sure it’s charged to be usable.
✨ Features: Ellipal is touchscreen and also supports staking directly from the wallet.
🤔 Reviews and Current News: Although many users are happy with the device itself, there have been reports of technical issues with the SD card and updates.
📱Devices: It operates separately from any internet-connected devices but can interact with Android and iOS apps via QR codes for making transactions.
💰 Fees: There is an upfront fee for purchasing the hardware wallet, which will set you back $169. Thereafter, there are no added fees for managing the wallet, however, network fees are applied when making transactions.
Exodus Wallet
A go-to for any new crypto investor or someone looking for an intuitive and easy-to-use wallet. Exodus is a software wallet, so high protection and safety are not the top features of this wallet, but its user-friendliness makes it a top choice among many.
✅ Pros: Has a super user-friendly interface that is intuitive and supports a wide range of cryptocurrencies across multiple blockchains, including Web3, DeFi Apps, and NFTs. These features also make it appealing to advanced crypto investors.
❌ Cons: Safety and security. This is a good platform to buy and sell multiple crypto assets, but storing for the long-term, a hardware wallet is always best.
✨Features: There is a built-in exchange and live charts for traders. It also has one-click staking options directly from the wallet.
🤔 Reviews and Current News: Exodus has had some hacking incidents in the past due to its online connectivity.
📱Devices: Available on Windows, Mac, Linux, Android, and iOS, you can link through multiple devices.
💰Fees: There are no fees for having an account or using the wallet, but you will pay network fees for transactions and varying fees for using the built-in exchange features.
Trust Wallet
✅ Pros: It’s an expansive multi crypto wallet, supports numerous blockchains, and specializes in Web3 transactions.
❌ Cons: It is a mobile-first software wallet, meaning that it is always connected to the internet, putting your assets at risk of hacks, and also security is as good as the security features of your mobile device.
✨ Features: You have a fully functioning Web3 browser, that lets you interact with dApps straight from the wallet. It also allows for staking with some coins and tokens and you can manage assets on various mobile devices.
🤔Reviews and Current News: Unfortunately, like all other hot wallets, user reviews are all around the same topic. Safety and security. Our suggestion is to leave “pocket change” in your hot wallet for trading and moving your investments to a cold wallet.
📱Devices: Initially designed for smartphone use, it is available on Android and iOS, but you can download a Chrome extension.
💰Fees: Trust Wallet doesn’t have any fees for using its platform, but you are responsible for network fees associated with blockchain transactions. There are no fees associated with Web3 usage.
Material DIY
The vital need to store your seed phrases and private keys for your multi crypto investments should be your top priority. Although other wallets on our list, like Trust claim to be one of the best non-custodial wallets, nothing is ever truly self-custodial if it lives online. Here’s our pick for the best seed phrase wallet for your multi crypto assets.
✅ Pros: Specifically designed for the offline storage of your seed phrases, exceptionally secure since you engrave your own words onto the steel plate.
❌ Cons: The manual set-up (engraving) of each seed phrase is less convenient than other online wallets.
✨ Features: Material DIY has its focus set on security, giving you full custody of your private keys and recovery phrases. Included with the steel cold wallet is an engraving tool, so that you can carve your own 24 seed phrase onto the plate.
🤔 Reviews and Current News: Material DIY is highly regarded for its emphasis on security placing importance on proper seed phrase storage.
📱Devices: Since it is a cold storage wallet, it does not need compatibility with traditional devices like smartphones or computers, this guarantees that your seed phrases stay completely offline.
💰Fees: There are no ongoing fees for using Material DIY; just the cost of the initial purchase.
A Seed Phrase Wallet: The Ultimate Multi Crypto Solution
If you are new to the world of cryptocurrency, a seed phrase wallet, also known as a recovery phrase wallet, is a type of wallet that uses a series of words (normally between 12 and 24) that are generated when setting up your crypto wallet. The seed phrase is what represents the wallet’s private keys and is the only thing that will recover your crypto if lost.
Material DIY is a great example of a highly secure and offline seed phrase storage. It emphasizes physical security because you manually store your seed phrase on the metal plate.
This means that your sensitive information is never exposed online.
Other electronic wallets, like the ones we have mentioned before, are convenient but they are very susceptible to scams and frauds that require constant software updates. But seed phrase storage for your multi crypto investments, along with Material’s other cold wallet solutions is the best way to ensure that your crypto stays protected.
FAQ
What is the best crypto wallet for multiple chains?
- The best crypto wallet for handling multiple chains effectively is one that supports a large range of crypto and different blockchain networks.
Can I store multiple cryptocurrencies in one wallet?
- Yes, you can but it isn’t recommended for storage of your multi crypto assets if it is a software wallet.
What is the most trustworthy crypto wallet?
- The most trustworthy wallet is a cold hardware wallet, like Material and Material DIY, for the safe storage of your Bitcoin, USDT, Ether, and seed phrases. Keeping your crypto and private recovery phrases offline is the only way to store your crypto.
Final Thought On the Best Multi Crypto Wallets
Overall, there are so many choices when looking to store your cryptocurrencies. The big difference is asking yourself: am I storing my crypto securely?
When searching for the best solution for your investments, remember to keep your private keys offline and your seed phrases in a safe spot.
0 Comments