Cryptocurrencies are undeniably highly valued digital assets. Not only because of their present value, but also because of their potential future value.
Thousands of people benefit daily from trading crypto and others have made millions by being early investors in Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE). Those who didn’t make it to the train ride early are waiting for a drop in the price of these tokens just to acquire them. Investing in cryptocurrencies is fast becoming the new norm as some people are now asking for their salary to be paid in Bitcoin so that they can save or own some of it.
Finding the perfect wallet to store your crypto tokens will give you the peace of mind you need to get on with your daily life. It also gives you the confidence to keep investing for your future! In this article, we’ve listed some of the safest and most reliable crypto wallets for Android. Let’s jump in!
1. Coinbase Wallet
Coinbase wallet is a self-custodial wallet, which means you have full control over your cryptocurrency. You also have your private keys and data. This wallet supports over a hundred ERC-20 tokens and allows you to store NFTs.
Coinbase wallet is owned by Coinbase, a popular cryptocurrency exchange founded in 2012. The Coinbase wallet is a separate entity from the Coinbase exchange wallet. You do not need to be a Coinbase user to use this wallet.
What do we love about Coinbase Wallet?
Coinbase wallet is very easy to use and great for beginners who are new to the crypto markets. In addition, the wallet contains many features that crypto enthusiasts will find valuable. For example, users can buy cryptocurrencies in their wallets using credit/debit cards. They can also exchange, send and receive cryptocurrencies in their wallets. Even earn interest on Hodling crypto!
Supports 100+ ERC-20 tokensBuy and store NFTsBuy crypto with debit/credit cardsBuy, trade, send and receive cryptocurrenciesEarn interest on crypto – up to 12% APRAAccess a whole world of decentralized applications (Dapps)Supports Android devices
Coinbase wallet uses industry-leading security options and encryption to keep users’ data and cryptocurrencies safe.
What makes Coinbase Wallet unique from others?
Reputable walletBuy crypto with debit/credit cardSupports NFTs (ERC721 tokens)Easily earn interest in your cryptoSwap crypto tokens.Top security
Has Coinbase Wallet Been Hacked?
No, but in 2021 Coinbase Exchange suffered a cyberattack that hacked the accounts of 6,000 users, resulting in a loss of funds.
Coinomi is a trusted and secure multi-chain wallet used by millions of users worldwide. It supports 1700+ assets and real ownership of more than 125 blockchains.
Founded in 2014, Coinomi is one of the oldest multi-chain wallets available on the market.
What do we love about Coinomi?
Coinomi is one of the most reputable wallets for Androids systems. Not only is it a secure wallet, but it is also packed with features that make crypto trading easy from your wallet. Features like a built-in exchange allow users to exchange 168 fiat currency views along with hundreds of blockchain assets. Some other features include;
Easy registration and anonymity – No KYC verification required Low cost to send and receive crypto Buy Crypto through SimplexSend, receive and store cryptoSegwit support – Faster confirmation and lower fees for Bitcoin, Litecoin and other coinsCold Staking – Earn rewards on cryptoSupports NFTs and ERC721 tokens – store, access and manage your collectiblesSupports DeFi servicesProvides support in 25 languages including Russian, English, Chinese and more
Coinomi maintains an excellent standard of quality. Your private keys will never leave your device. They also use strong wallet encryption and cryptography to ensure that your funds remain safe under your ultimate control.
What makes Coinbase Wallet unique from others?
Never HackedQuick Confirmation for Segwit-enabled CoinsSupports Collectibles (ERC721 Tokens)Blockchain-Based IDNo KYC Verification Required – Perfect for those who want to trade anonymously.Crypto-enabled gift cards.
Has Coinomi been hacked?
Since its launch in 2014, Coinomi has never been hacked and a user has never been lost.
3. Crypto.com DeFi Wallet
Crypto.com DeFi Wallet is a non-custodial wallet meaning you have full control over your private keys. You can send crypto to anyone with your preferred confirmation speed and network cost.
Founded in 2016, Crypto.com has grown into one of the most reputable cryptocurrency exchanges. The company sponsors many regular sports activities such as UFC, Formula1, and recently they announced that they will sponsor the 2022 FIFA World Cup.
What do we love about Crypto.com DeFi Wallet?
Crypto.com DeFi Wallet is the best place to store your cryptocurrencies while you go about your daily life. You can send, receive and earn cryptocurrencies within the app. It is also very functional with a beautiful interface that new users will find easy to navigate.
Store, send and receive cryptocurrenciesSupports 100+ DeFi assetsSwap crypto for any of the available assets in the walletEarn crypto by staking
Crypto.com uses industry-level security to protect users’ wallets.
Your private keys are encrypted locally on your device with Secure Enclave, protected by biometric and 2-factor authentication.
What Makes Crypto.Com DeFi Wallet Unique?
Crypto Stake – Earn from your investments
Has it ever been hacked?
The CEO of Crypto.com has confirmed that Bloomberg that the exchange was indeed hacked and they lost about $34 million.
4. Trust your wallet
Trust Wallet is a simple and secure mobile wallet for Ethereum and ERC20/ERC223 tokens. It is used by more than 25 million people worldwide. It allows you to buy, store, collect, exchange, and earn crypto NFTs.
Trust wallet is owned by its parent company, Binance, which was founded in 2017 and is the largest cryptocurrency exchange in the world by market cap.
Why do we love Trust Wallet?
Trust Wallet is an easy-to-use crypto wallet that is great for beginners and NFT collectors. It includes many features such as a built-in exchange to facilitate crypto swaps and a browser to access a whole world of Dapps.
Buy cryptocurrencies with credit/debit cardsStore, send and receive cryptocurrenciesEarn interest on your CryptoSupports 200+ ERC20 tokens’Supports NFTsBuilt-in exchangeBuilt-in browser to access Dapps
Trust wallet is very private and secure. They do not collect any personal information from users. And they use industry-level security to protect users’ cryptocurrencies.
What sets Trust Wallet apart from others?
Supports NFTsCrypto stakingBuy Crypto with your cardBuilt-in exchangeBrowser to review decentralized app
Has Trust Wallet been hacked?
No, but parent company Binance was hacked in 2019
Exodus is a leading cryptocurrency wallet for desktop, mobile and web applications. It allows you to easily send, receive and exchange Bitcoin along with other 160+ cryptocurrencies.
Exodus was founded in 2015 by two well-known figures in the crypto world.
What do we love about Exodus?
Exodus is a crypto wallet designed to give you complete control over your cryptocurrency assets. It has a clean design that is easy to navigate and ideal for beginners. It is also packed with features that make cold storage easier.
Supports 160+ crypto assetsLive charts and portfolioBuilt-in exchangeSupports hardware walletsHandsome and professional design
Exodus uses advanced security measures to protect its servers and users’ cryptocurrencies.
What makes Exodus unique from others?
Hot and cold storage option Built-in exchange
Has Exodus Wallet Ever Been Hacked?
No, Exodus has never been hacked. They do not contain any private keys or user data.
MetaMask is a software crypto wallet for mobile and desktop. They aim to make it easy for users to explore blockchain applications and decentralized web apps. You can buy, store and send tokens worldwide easily and at lightning speed.
Metamask was founded in 2016. It functions as a software crypto wallet and gateway to blockchain apps. It is used by 21 million people worldwide.
Why do we love MetaMask?
MetaMask has been around for quite some time and they have established themselves as a reputable crypto wallet. They are also the go-to for most beginners. The wallet itself has simple and easy-to-use features, which makes it perfect for crypto investors.
Buy cryptocurrencies Store, send and receive cryptocurrenciesSwap cryptocurrenciesSupports ERC20 tokensSecure access to your data.Explore other blockchain apps
MetaMask is very secure and that is why it is trusted by 21 million people. Users own their private keys and have full control over their data.
Why is Metamask unique from others?
Highly Reputable Provides a basic crypto wallet feature – good for beginners
Was MetaMask Ever Hacked?
No, MetaMask has never been hacked.
SafePal cryptocurrency wallet is a secure, easy-to-use and free application to manage cryptocurrency at your fingertips. It was founded in 2018 and now has more than 3 million users worldwide. The company offers both software and hardware crypto wallets, all of which can be managed from the SafePal app.
Why do we love Safepal Crypto Wallet?
With your SafePal wallet, you can easily store, send and receive cryptocurrencies and enjoy the smooth and intuitive user experience. It is perfect for beginners and offers both hot and cold storage options.|
Buy crypto with credit card, bank account, Ideal and more optionsExchange and exchange crypto in wallet Access Dapps and blockchain applicationsSupports 100+ cryptocurrenciesSupports hardware walletsManage hardware, software and trading wallets, in one app.
Safepal uses secure encryption to protect users’ data and offers both hot and cold crypto storage options.
What makes SafePal Wallet unique from others?
Offers both hot and cold storage optionsBuilt-in crypto exchangeAccess to Dapps
Has SafePal Ever Been Hacked?
No, SafePal has never been hacked.
All crypto wallets mentioned above are ideal for Android systems. They each have advanced security measures and users have their own private keys. The only difference is in the features they offer, with some wallets supporting NFTs, others not.
And where some wallets offer offline and online storage options, others do not. Depending on the type of investor you are, you can choose a crypto wallet option that works best for you.