- >Best Cryptocurrency Wallets 2024: Comprehensive Wallet Reviews
- >The Best Multi-Cryptocurrency Wallets
The Best Multi-Cryptocurrency Wallets
Multi-currency wallets are the best option for traders who want to buy and sell different cryptocurrencies. They offer convenient storage options like desktop, hardware (cold), and web (hot) wallets with multi-currency support. Moving funds from one platform to the other just to get access to a specific cryptocurrency can be costly.
However, the introduction of multi-currency wallets has helped to bridge the gap and reduce the costs of trading crypto. So what are multi-currency wallets, why should you own one, and which is the best multi-cryptocurrency wallet for you? Check out this article to learn more.
Multi-Currency Wallet Definition
As the name suggests, a multi-currency wallet is simply a wallet that lets you hold and transact different currencies. You can have pounds, euros, and US dollar currencies all in one place. Multi-currency wallets are essential for traders when buying, selling, or trading cryptocurrencies.
The wallets help traders securely store their crypto and also authenticate crypto transactions without having to use multiple wallets.
Crypto wallets exist either as hardware or software, known as cold or warm storage.
Why You Need a Multi-Currency Wallet
Multi-currency wallets have enormous benefits to individual traders and companies that transact business internationally. The wallets help in avoiding delays caused by bank transactions or hefty fees.
Additional benefits of multi-currency wallets are:
Convenience
Undeniably, the convenience that multi-currency wallets have is unmatched. The wallets allow you to store, sell, buy and trade digital assets with just a click. Wallets have transformed currency management by helping you manage your finances more efficiently.
Reduced Costs
Unlike conventional methods, multi-currency wallets reduce the amount of fees you pay as you trade crypto. For example, some crypto exchanges may charge higher fees than others therefore moving from one platform to the other can be costly.
With a multi-currency wallet, you can steer clear of some of these fees.
Fast Transactions
Speed can be a determining factor when trading crypto successfully. Having access to all your coins on one platform gives you the speed and agility required to maneuver in a volatile market.
What are the Best Multi-Currency Wallets?
With all the aforementioned factors in mind we’ve compiled a list of five of the best multi-currency wallets you can currently buy or download.
Ledger Nano X Wallet
This multi-currency wallet is available as a USB drive and provides secure crypto storage for over 1,800 tokens and coins. The device can also concurrently manage close to 100 coins at the same time via apps on the device.
This storage option is available offline and is best suited for traders with an extensive portfolio of currencies.
Features
- Upgrade: The Nano X is an upgrade of the original Ledger Nano S with mobile trading capacity, Bluetooth connectivity, and a built-in battery that lasts for 8 hours
- Design: The cold storage has a sleek matte black finish, with a 128 x 64-pixel screen for navigating quickly through apps. Additionally, the ledge allows users to exchange currency on the go through the Ledge Live App available on either Android or iOS devices.
- Secure transactions: The wallet also features a Ledger Secure Element chip, similar to what you see on credit cards. This feature provides a high level of security against malware and cyber-attacks
- The Ledger Nano X, which retails at $150, can help you generate revenue. The Ledge Live APP allows traders to lend and stake crypto.
- Flagship Ledger wallet with industrial-grade security with bluetooth
- Supports over 1300 crypto assets and tokens
- Supports all major desktop and mobile operating systems
- Connect to Ledger Live for staking, DeFi, NFTs and more
Trust Wallet Mobile Wallet
True to its name, True wallet is one of the safest and secure crypto storage options you can trust. The wallet provides users with a unique private key to access their assets, protecting them from unauthorized access. A private key is a sequence of letters and numbers that only the wallet owner knows.
Most businesses and individuals in financial, software development, and accounting prefer to use this hot crypto storage.
Features
- Secure access- The program is available as software with secure access through a private key. The key is not stored in any of the Trust Wallets
- Support multi-currencies– The wallet supports different currencies, which allows you to swap, buy and sell coins or digital assets, providing fully-functional crypto-management functionalities
- Earn Revenue: The wallet helps you earn revenue by mining your crypto at a flexible interest rate. The program then provides you with a proof-of-stake certificate to collect interest from your digital assets
- Highly respected multi-crypto wallet that launched as an open-source project
- Stake coins like Binance Coin, Kava and Cosmos to earn interest
- Options to buy cryptocurrency directly in wallet
- Supports NFTs and in-browser dApps
Atomic Wallet Desktop Wallet
With the capacity to support over 500 cryptocurrencies, Atomic Wallets allow you to stake and trade cryptocurrency in one place. This wallet is available for desktops and can support macOS, Linux, and Windows.
Features
- The wallet uses BitTorrent technology, guaranteeing users fast and secure access to coins.
- Users can purchase cryptocurrencies using their bank cards inside their wallets.
- The app allows users to trade different cryptocurrencies.
- Over 500 coins and tokens supported
- Free wallet
- Easy to use for beginners
- Very secure
Trezor Hardware Wallet
Comparatively, Trezor Hardware Wallet matches Ledger Nano X’s superior storage capacity. The two multi-currency wallets are the bigwigs in hardware crypto storage. The company recently upgraded its Wallet Web App, Trezor One, to feature a stylish and easy-to-use interface. The upgrade was then introduced as a high-end model dubbed Trezor Model T.
Features
- Bright Display– A full-color touchscreen display for straightforward navigating through apps
- 2 Factor Authentication: The program uses FIDO/U2F for the safe storage of your crypto
- Password manager: The program has a password manager to encrypt and safely store your passwords
- Integrations: The wallet allows users to connect to third-party apps and services
- Top-tier cryptocurrency wallet with impressive touchscreen
- Compatible with a number of software wallets
- Store cryptocurrency, passwords and other keys with ease
- Excellent customer support
Guarda Mobile Wallet
Guarda mobile wallet gives users the option of accessing their storage from mobile devices and desktops. This custody-free wallet is available as hardware and doesn’t store clients’ data.
Features
- Blockchain access: The program allows you direct access to blockchain from the browser
- Different versions: This cold storage comes as Desktop, Web, Mobile, and Chrome extension options
- Bitcoin Support: The wallet supports Bitcoin BTC, Bitcoin SV, Monero XMR, Ethereum ETH, and Zcash
- Integration with Ledger hardware wallets
- Ability to trade between cryptocurrencies within the wallet interface
- Support for 60 blockchains and 400,000 tokens
- Ability to create your own ERC-20 token
