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Review the BEST Crypto Wallet Apps (2022)

Crypto Wallet Apps

With a crypto app, you can invest in cryptocurrencies such as Bitcoin, Ethereum or Ripple on your smartphone. Which crypto app offers investors the best overall package? We’ll find out next!

Comparing crypto-applications: criteria

Each crypto-application has its own focus. And so we compared them according to the following criteria:

  • ???? Understandability: how easy is the app to access?
  • ???? Number of cryptocurrencies: how many coins does the app offer?
  • ???? Deposit/withdrawal options: how can users deposit and withdraw?
  • ???? Savings plans: are regular savings plans possible for crypto-assets as an alternative to a one-off purchase?

Ledger Nano S Plus

This is a hardware wallet for the secure storage of cryptocurrencies. You can think of it as a kind of Bitcoin USB drive that provides secure access to your cryptocurrency wallet’s private keys. With a hardware wallet, you always have full control over your coins and not only protect them from attacks but also protect yourself from cryptocurrency insolvency due to self-service.

Crypto Wallet Ledger Nano S Plus

Ledger Nano S Plus is equipped with a certified CC EAL5+ chip and can also be protected with a PIN code.

With Ledger Nano S Plus, you can securely store and manage more than 5,500 different cryptocurrencies and tokens. These include popular coins such as.

  • ???? Bitcoin (BTC)
  • ???? Ethereum (ETH) along with all ERC-20 tokens
  • ???? U.S. Dollar Coin (USDC)
  • ???? Cardano (ADA)
  • ???? Avalanche (AVAX)
  • ???? Binance Coin (BNB)
  • ???? Ripple (XRP)
  • ???? Polygon (MATIC)
  • ???? Lightcoin (LTC)

Memecoins such as Shiba Inu (SHIB) or Dogecoin (Doge) are also supported.

Coinbase Wallet

Coinbase Wallet is a web wallet that you can use to buy, send, receive, and manage various cryptocurrencies. About six million users have a Coinbase account, making it a popular and reliable option. Coinbase ranks among the best cryptocurrency wallets, primarily because of its attention to security.

Coinbase crypto Wallet

As a web-based wallet, the Coinbase wallet is one of the most common products on the market. At the same time, the Coinbase wallet is also a so-called hot wallet, which transfers control to the provider. Accordingly, your data is also constantly online so that you can use all the functionalities of your account.

MetaMask

The MetaMask wallet is one of the most popular Ethereum wallets. For example, you can use it to protect Ether tokens and ERC-20 tokens.

MetaMask crypto wallet

Important: MetaMask is a hot wallet and browser add-on. You can install the wallet as MetaMask Chrome, MetaMask Firefox, Brave and Edge browsers.

MetaMask saw the world of hot wallets in 2016 and has established itself as a secure open-source digital wallet, so MetaMask is an open-source wallet. MetaMask supports Ethereum-based tokens such as ERC-20-compliant tokens and non-interchangeable tokens.

Currently, it does not look like the number of MetaMask Wallet coins will increase anytime soon. Here is a selection of MetaMask Wallet currencies:

  • ???? Tether
  • ???? Uniswap
  • ???? WBTC
  • ???? USDC
  • ???? DAI
  • ???? CRO
  • ???? COMP
  • ???? AMP
  • ???? CEL
  • ???? YFI
  • ???? MANA
  • ???? GRT
  • ???? MKR
  • ???? REP

The number of accepted currencies of the MetaMask wallet is not particularly large. But the Ethereum wallet has its strengths on a completely different level: like the Ethereum crypto platform, the MetaMask wallet allows you to process smart contracts.

Crypto app comparison: eToro

The eToro social trading app offers 92 tradable crypto values, offering the largest selection of currencies compared to other crypto apps. A unique advantage: the copy function, which allows you to automatically replicate other traders’ strategies. eToro also offers the ability to make deposits via PayPal. eToro does not charge a deposit fee; however, the withdrawal fee is $5. Generally, eToro maintains clearing accounts in US dollars, so there is a fee when converting to Euros.

eToro crypto wallet

The app is not intended for complete newcomers to the crypto market. Even so, the crypto app is clearly aimed at inexperienced traders. For a long time, eToro did not charge a commission per order, but now the provider charges a commission of 1% of the order volume per trade plus standard market spreads.

Comparison of crypto apps: Trade Republic

Investors can currently buy and sell four cyber currencies: classic Bitcoin, Etherium, Bitcoin-cash and Litecoin. Like Bison, Trade Republic exists only as a mobile app. The focus on the product pays off, the app is particularly clear and buying cryptocurrencies is possible in just a few clicks.

Crypto wallet Trade Republic

Fees: in principle, cryptocurrency trading is commission-free. Trade Republic only charges one Euro for third-party charges per transaction.

Opening an account with Trade Republic is done in the usual way. New customers fill out an application form and then legitimise themselves through video identification. After the first deposit, you can get started.

The Trade Republic app is particularly clear and therefore easy to understand. This is also reflected in user ratings. On the other hand, Trade Republic has had to endure harsh criticism for suspending trading during the hype surrounding Gamestop stock. Many users resented the company. The Trade Republic app has high operating system requirements. Investors require iOS 12 for iPhones and version 6.0 or higher for Android devices.

Recommendation: if you buy cryptocurrencies through Trade Republic, you should have no problem with Bitcoins and the company’s default currencies. Also, trading digital currencies at Trade Republic is incredibly cheap but limited to four coins. In addition, investors can also invest in stocks, ETFs and several derivatives without fees.

Crypto wallet applications

Cryptocurrencies, such as Bitcoin, are stored in wallets – virtual cryptocurrency wallets – and can be sent from there to other wallet holders. However, some crypto-applications do not have the ability to send purchased coins to an external wallet.

Comparing crypto-applications: a conclusion

Each crypto app offers investors a number of advantages and disadvantages. In addition, the range of coins is the largest. The fees are relatively high at 1%. All providers can score points thanks to the interface: beginners and experienced users alike get on well with each crypto app.

Richard Urban
Author and expert: Richard Urban
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