newsroompost
  • youtube
  • facebook
  • twitter

Investing in Cryptocurrency: Here are 5 best crypto wallets of 2022, check details

New Delhi: Cryptocurrencies have gained immense popularity since the decade and many people are showing interest in their trading and investment. In recent times, the cryptocurrency market is experiencing trade in both green and red owing to the increase and plunge of major cryptos such as Bitcoin, Ethereum, Cardano amongst others. As we know the …

New Delhi: Cryptocurrencies have gained immense popularity since the decade and many people are showing interest in their trading and investment. In recent times, the cryptocurrency market is experiencing trade in both green and red owing to the increase and plunge of major cryptos such as Bitcoin, Ethereum, Cardano amongst others. As we know the world’s largest cryptocurrency, Bitcoin is always in demand for investment, but before that, it is important to suitable crypto wallet in place.

As per in-depth research by The Economic Times, here is the list of best crypto wallets of 2022:

  1. eToro: Overall best crypto wallet in 2022
  2. Coinbase: Best crypto wallet for beginners
  3. Binance: Best digital crypto wallet for trading
  4. Huobi: Best Bitcoin wallet app for Asset Diversity
  5. Kraken: Best crypto web wallet for convenience

Below are the details of each crypto wallet that will not only allow keeping your digital assets safe and sure but also offer plenty of useful features and tools:

1) eToro – Overall best crypto wallet in 2022

eToro

This wallet app is popular for providing security, asset diversity, and features. For using eToro, the user gets hold of a brokerage firm that is regulated by the SEC, FCA, ASIC, and CySEC. Besides, the eToro wallet is licensed by GFSC.

This app enables you to store crypto assets in a secure and regulated environment. Being a multi-crypto wallet, it allows all digital currency holdings through a single place. Moreover, if the user wants to trade any one of the cryptocurrencies for another token, the eToro wallet supports over 500 pairs.

It also offers trading services which means that the user can buy or sell crypto from within the wallet interface. 

2) Coinbase – Best crypto wallet app for beginners

Coinbase

For beginners, Coinbase stands out to be the best. The app provides two storage options – firstly, for a new user, Bitcoin can be stored in the Coinbase wallets. This means that any funds can be accessed by logging into the account. Besides, 98% of the clients’ digital funds can be stored offline providing safeguards. On each login attempt, the user needs to bypass two-factor authentication. 

Secondly, the app can be downloaded being it non-custodial. This means that only the concerned individual can access the wallet’s private keys.

3) Binance – Best digital crypto wallet app for trading

Binance

This app besides serving as a crypto wallet also provides a trading option. Binance wallet doubles up as an exchange that gives access to 1,000+ markets including cryptocurrencies of all shapes and sizes namely from large caps to DeFi tokens.

The app helps to buy and sell cryptos at a commission of just 0.10%. Binance implements IP address and device whitelisting which ensures that unauthorized access is prohibited.

4) Huobi – Best Bitcoin wallet for asset delivery

Huobi

Popular for being a multi-asset platform, the app provides a wide range of cryptocurrency products and services. The platform gives access to hundreds of different tokens. This app also serves as a trading option in a low-cost manner. Crypto pairs can be bought or sold for 0.02% per side.

5) Kraken – Best crypto web wallet for convenience

Kraken

Kraken is the best crypto wallet for convenience. This wallet provides brokerage and exchange services along with leverage and margin trading for the ones in eligible countries. Conversion of one of the crypto assets to another token, no funds need to be sent to another exchange.