Moreover, the private keys of the wallet are only provided to the wallet owners for safety purposes. Besides, you can use a 12-word seed phrase to recover your https://www.xcritical.com/ wallet at any time. With more than 30 million users, MetaMask is one of the leaders in software wallets. This Ethereum-based wallet allows you to store, stake, and transfer your crypto tokens smoothly. This non-custodial wallet has a sleek 1.54-inch Color LCD display and USB-C connectivity. Moreover, it supports the storage and transfer of over 1,000 crypto assets.

Top non-custodial crypto wallets

Web3 and Multichain AccessWith Exodus, you can dive into the world of Web3 and access multiple best non custodial crypto wallet blockchains effortlessly. When setting up your wallet, go for a password that’s as strong as a vault. Customer support can be slow, and the wallet currently lacks browser extensions for Firefox.

Custodial vs Non-Custodial Wallet Options

Its first wallet, the Nano S, was upgraded in April 2022 to the Nano S Plus, which came with an improved display, much greater storage capacity and a USB-C cable port. This upgrade to the Ledger Nano S made an already strong entry-level product even more enticing when compared to its bigger brother, the Ledger Nano X. Another big advantage of BlueWallet is its integration with the Lighting Network, a layer two solution that makes peer-to-peer payments much faster than on Bitcoin’s layer one network.

Best Practices for Using Non-Custodial Wallets

Non-custodial crypto wallets include MetaMask, Ledger Nano S/X, Trezor, Trust Wallet, Exodus, Atomic Wallet, and MyEtherWallet, among others. The most commonly used non-custodial wallets for cryptocurrencies are MetaMask, Ledger, Trezor, and Trust Wallet. The key thing to remember is to do your research and compare a range of wallets first. Start with our range of crypto wallet reviews to get an idea of what’s available and the key features you need to consider. As you’re researching and comparing a range of wallets, you’ll probably come across the terms “hot wallet” and “cold wallet”, or perhaps the concept of “cold storage.”

• Bear in mind that different digital currencies have different address types and you’re usually only able to send coins between like wallet addresses.
• It offers a blend of user-friendly features and robust security measures, making it a go-to choice for many crypto enthusiasts.
• Subsequently, the wallet executes the transaction on your behalf by utilizing its private keys.
• Your wallet address keeps a record of all your transactions and tracks your crypto balance.
• In a custodial wallet, a third-party service provider holds the private keys on behalf of the user.

Is Coinbase Wallet a Non-Custodial Wallet?

Where it really shines though is its integration with third-party apps which allows you to easily stake over 25 cryptocurrencies, including crowd favorites like Avalanche (AVAX) or Solana (SOL). There is also support for 1,000+ DeFi protocols through the Merlin app. The wallet was launched in 2017 by Konstantin Gladych, CEO of Changelly.

A look at the Metamask non-custodial wallet for Ethereum and ERC-20 tokens

This means that it’s not open to independent scrutiny, and you must place some degree of trust in the manufacturer. One of Exodus’s most beginner-friendly features is its highly-responsive support staff. If you email them for support, you can expect to hear back within an hour. You can also stake cryptos like Algorand (ALGO) and Cosmos (ATOM) through Exodus.

What Are the Best Crypto Wallet Options for 2024?

First released in 2014, the Trezor Model T is the company’s premium offering, designed to suit both HODLers and active traders alike. In this guide, we delve into the best Bitcoin wallets available to help you choose the optimal platform for your needs. The definition of the best crypto wallet will depend on your main priorities (accessibility, transaction privacy, multi-platform support etc.). The road ahead is not without challenges, but the benefits of user empowerment, security, and innovation that non-custodial wallets bring to the digital economy are undeniable. As more people embrace the ethos of self-custody and decentralization, non-custodial wallets will continue to serve as the gateway to a more open, transparent, and equitable future. As non-custodial wallets continue to gain traction, scalability and user experience will become increasingly important.

Our editors are committed to bringing you unbiased ratings and information. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the investing methodology for the ratings below.

Coinbase Wallet – Best non-custodial exchange wallet

These wallets are a solid choice if you’re looking for that extra layer of security. When someone sends bitcoin, ether, dogecoin or any other type of digital currency to your crypto wallet, you aren’t actually transferring any coins. What they’re doing is signing off ownership thereof to your wallet’s address. That is to say, they are confirming that the crypto on the blockchain no longer belongs to their address, but yours.

The biggest surprise might be that this popular wallet doesn’t support by default the best known cryptocurrency, Bitcoin. Satoshi Labs, a company founded in 2013 in Prague, Czech Republic, makes the Trezor wallets. The company released its first hardware wallet just four years after Bitcoin’s introduction, and the first available cold wallet was the Trezor Model One. Exodus offers most of the top cryptocurrencies that you’re likely to want.

Plus, it offers real-time cryptocurrency and digital asset price charts aggregated from various online resources. Hardware wallets or cold wallets are physical devices that store your private keys offline, away from the prying eyes of hackers. They are like portable USB sticks you plug into your computer when you need to make a transaction. The best crypto wallet should be easy to use and support a large number of coins and tokens. Hot wallets should include strong security tools, like two or multi-factor authentication and multi-signature support, while charging minimal or no fees.

The public key is like your bank account number but doesn’t provide access to your crypto. The private key identifies you as the “true owner.” If you lose your key, you could lose access. Likewise, the person holding a private key has full access to your crypto. Like other cryptocurrencies, bitcoin requires a crypto wallet for storage, and most of the leading crypto wallets—hot or cold—support BTC. The intricate cold storage solution supports buying and staking crypto via decentralized application (dApps) connections. You can stake popular cryptos like Cardano and Polkadot and buy and swap bitcoin (BTC) via the Ellipal Titan wallet.

Exodus is actually a hot wallet but does offer cold wallet integrations such as with Trezor. This can give you the best of both worlds, with the increased security of keeping your funds in a cold wallet while also having some available in your hot wallet to trade or use as needed. Remember that your crypto (Exodus or any self-custody wallet) is only ever as safe as the Recovery or Backup Phrase you’ve got written down and stored. As long as you have this somewhere safe and can access it if you ever need to recover your wallet, you’ll be covered. The Exodus wallet is an app (a software or hot wallet), it’s also a platform that integrates with other apps that have been developed in partnership with with 3rd parties.

If you’re thinking about investing in cryptocurrencies, you’ll need to get yourself a wallet to store it securely. A good wallet allows you to keep your coins safe while making it easy to use them. Be sure to read our crypto exchange crash article to learn more about the future of decentralized finance. Because it integrates with the Trezor hardware wallet, it offers the necessary features to stake your various cryptocurrencies.

Abra empowers users in over 150 countries to invest in traditional stocks, ETFs and cryptocurrencies via a single app. 15% feel that other methods are better, including memorizing your seed phrase and destroying all paper copies of it or keeping your funds in a multisig vault. Please note that the exact process will vary depending on the type and brand of wallet you choose.