Store bitcoin, ether or other digital currencies safely.
If you’re going to invest in is a where you can store your proof of ownership of the cryptocurrency that you’ve purchased. These wallets can take different forms. Some of the best crypto wallets are physical hardware devices, while others are computer software programs. Crypto wallets offer other benefits besides security, too. They give you greater control over your digital currency than you’ll find with most exchange services.or another digital currency, you’ll need a crypto wallet in which you can store your cryptocurrency. A
Well-known services like, and that let you and other cryptocurrency quickly store your digital currency in a “custodial” wallet, which means you’re trusting the company to secure, protect and hold your cryptocurrency. Ultimately, they have control — and your crypto is in their proverbial hands.
Unless you’re making daily crypto transactions or have only a modest amount of money involved, we recommend you don’t store your cryptocurrency in an exchange account’s custodial wallet. The best practice is to invest in a hardware wallet for offline storage, and a “noncustodial” software wallet or app is your next best choice. We’ll look at both options here in our quest to help you find the best crypto wallet for your needs.
Best bitcoin and cryptocurrency wallets
Coinbase, which went public in April, is the best known cryptocurrency exchange in the US. The company makes it easy to trade well-known cryptocurrencies from bitcoin to dogecoin, and has its own Visa-backed debit card that integrates with Apple Pay and Google.
If you’re new to cryptocurrency, the Coinbase Wallet is a good place to start. It can be downloaded as an app for Android or iOS, the interface is intuitive and the wallet is fully integrated with the company’s exchange, which makes it easy to conduct transactions — including purchasing coins and tokens with traditional currency.
Unlike the company’s exchange, the Coinbase Wallet is noncustodial; that means that only you have access to your wallet’s private key, which is generated with a 12-word recovery phrase when you sign up. Note that there’s a difference between storing your cryptocurrency on Coinbase’s exchange, which is custodial, and the wallet, which is not. But the integration between them makes it fairly simple to transfer funds back and forth.
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