Best Crypto Wallet Apps in 2022
2022年2月4日 - 2:29AM
NEWSBTC
Having a mobile application is almost essential for any crypto
service. This includes crypto wallets which need to be handy in
order to make transactions with crypto more convenient and
accessible. Users value having a handy app but they also pay
attention to security features in order to keep their crypto assets
safe from being lost or stolen. In this article, we will take a
look at reputable crypto wallet services that offer mobile
applications. All of these services have mostly positive user
feedback and robust interface but differ in the features they
offer. Coinbase Coinbase is one of the largest cryptocurrency
exchanges that has been operating since 2011. It was founded by
former Airbnb engineer Brian Armstrong and co-founder Fred Ehrsam,
a former Goldman Sachs trader, who joined the company in 2012.
Coinbase Wallet is one of the services offered by the
platform. It is designed as a digital crypto wallet that allows
users to store and manage their crypto and NFT assets. Features
Coinbase Wallet is a hot wallet that can be integrated with dApp
browsers. This allows users to create accounts on various devices
including but not limited to Android and iOS systems. The wallet is
self-custody which means users have full control over their assets
and are responsible for managing their own private keys. The keys
are basically stored directly on the device used to access the app.
It’s also compatible with hardware wallets like Ledger and Trezor.
Coinbase Wallet doesn’t function like a centralized exchange but it
can be used for sending and receiving transactions from a crypto
exchange or another user. Compatible with major fiat currencies
like USD, this wallet can be connected to a crypto-friendly bank
account. A stand-out feature of the Coinbase Wallet is its ability
to store NFTs (ERC721 tokens) as well as initiate buying and
selling of NFTs. This app also allows users to shop at retail
stores that accept crypto payments. Security Since this wallet is a
hot wallet, the funds are stored online which can make it
vulnerable to hacking threats. To minimize the risk, Secure Enclave
technology is used to store private keys securely. Other standard
security features like 2-factor authentication and additional PIN
can also be enabled. Private user data is encrypted with AES-256
(Advanced Encryption Standard). Physical backup drives are safely
stored in deposit boxes and vaults in various locations. Pricing
The Coinbase Wallet application is free to download and use.
Commissions applied to transactions include network fees and
variable fees that can range between 1.49 and 3.99%. ChangeNOW
ChangeNOW.io is a crypto exchange platform that was launched in
2017. It has over 50,000 asset pairs available and supports over 60
fiat currencies. ChangeNOW’s goal is to provide an easy and
straightforward way to swap, buy, and sell crypto without
sacrificing user privacy. The range of their services includes
instant exchange, wallet, tracker, and loans. Features ChangeNOW
mobile crypto wallet app can be downloaded from App Store and
Google Play. There are no tedious steps like registration and
verification so users can go straight to transactions. The wallet
supports all major cryptocurrencies including BTC, ETH, ERC-20, and
BEP2-based tokens. Almost anyone with a phone and Internet
connection can use the wallet without geographical restrictions
unless prohibited by the law. Fiat transactions are easy thanks to
ChangeNOW’s integration with payment providers Guardian and
Simplex. There are no exchange limits starting at $2. The cashback
feature is also available on the app. Security Since ChangeNOW is a
non-custodial wallet so users have full control over their own
funds. Lack of personal information required to register for
ChangeNOW services also minimizes privacy concerns. Pricing
ChangeNOW is free to download and use. Transaction fees are applied
and users can choose fixed or classic exchange rates. Depending on
the type of rate chosen, fees range from 0.5% to 4%. MetaMask
MetaMask was created in 2016 by a New York-based software company
ConsenSys. Originally available as a browser extension, MetaMask
allows users to store and swap Ethereum-based coins and tokens. It
works on Chrome, Firefox, and Brave browsers, and the code is
open-sourced. In 2020, a mobile application for MetaMask was
released. Features MetaMask is available as a mobile application
for iOS and Android. Users can store and exchange tokens and since
the app is decentralized, they have full control over their private
keys. This wallet can only be used to store Ethereum and
Ethereum-related tokens including NFTs (ERC-721). While limiting,
this still comes up to over 1800 different cryptocurrencies. While
the web version can be integrated with hardware wallets like
Ledger, this feature isn’t available on mobile yet. MetaMask allows
direct ETH deposits as well as buying ETH using a bank card through
a payment processor Wyre. Security Private keys are stored on the
users’ devices which makes them responsible for keeping them safe.
Extra layers of security include custom PIN codes and secret backup
phrases. The mobile application has way fewer security threats than
browser versions, however, taking precautions and storing all the
passwords and other credentials in an accessible but secure way is
the key to keeping the wallet and assets inside of it safe. Pricing
MetaMask applications are free to download. As a service fee,
0.875% is automatically applied to each quote. Besides that, users
need to pay ETH gas fees. Exodus Exodus is a crypto wallet software
that was released in 2015. The wallet supports over 150
cryptocurrencies. As stated by the founders of Exodus, JP
Richardson and Daniel Castagnoli, their mission is to empower
people to control their wealth. Both of them have vast experience
in tech: JP publishing over 200 open-source libraries for Bitcoin
and other crypto and Daniel working on visuals for companies like
Apple and Disney. Features Exodus mobile application is available
on both iOS and Android. There are three tabs on the app:
portfolio, exchange, and wallet. Exodus allows users to track their
portfolio and its performance, exchange/swap assets, and store them
while managing their own private keys. While crypto transactions
are easy to make, there is no option to deposit fiat or buy crypto
with fiat on Exodus. Security Since Exodus mobile wallet is
non-custodial, users manage and store their private keys. In case
access to the app is lost, the wallet can be restored using a
12-word passphrase or an email address linked to the account.
Exodus can also be integrated with hardware wallets like Ledger or
Trezor for additional security. Pricing The Exodus app is free to
download. There are no commissions applied to deposit or withdrawal
so the only fees users pay are network or miner fees. MyEtherWallet
MyEtherWallet or MEW is one of the oldest and most reputable crypto
wallets out there. It’s open-source software that allows users to
interact directly with the Ethereum network and store various
assets like ETH, ERC, ETC, and BTC. MEW was founded in 2015 by
Taylor Monahan and Kosala Hemachandra. Taylor has also later
launched an Ethereum wallet manager MyCrypto. Features The MEW
application can be downloaded from Apple AppStore, Google Play, or
Samsung’s Galaxy Store. Users can buy ETH easily with a bank card.
Fiat withdrawals are not available, funds can only be withdrawn in
ETH. The outstanding feature of MEW is allowing offline access to
the wallet can be used even without an Internet connection.
Security MyEtherWallet is non-custodial which means users have
control over their private keys. Security features include choosing
a secure PIN. using Face ID or setting up fingerprint unlocking.
MEW also comes fully integrated with hardware wallets that allow
users to store their assets on a physical drive. Pricing MEW is
free to download and use. Users only have to pay a gas fee to send
funds on the Ethereum blockchain. Conclusion We have taken a look
at major crypto wallet apps: Coinbase, MetaMask, Exodus,
MyEtherWallet, and ChangeNOW. While varying in features and payment
options, all of these apps are trustworthy and reputable among the
crypto community. Choosing one will depend on what features are a
priority and how the wallet is going to be used. Supported
currencies Custody Security Pricing Coinbase USD, crypto, NFTs
Non-custodial 2fa, PIN, AES Transaction fees from 1.49% to 3.99%
MetaMask ETH, ERC, NFTs Non-custodial PIN, backup phrases 0.875%
commission, gas fees Exodus Crypto Non-custodial 2-word passphrase,
linked email Transaction fees MyEtherWallet Crypto (mainly ETH)
Non-custodial PIN, face ID, fingerprint Gas fees ChangeNOW 380+
crypto, 58 fiat Non-custodial Instant transactions, no
registration/ verification Transaction fees from 0.5% to 4%
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