Welp MagazineI get it: You’re an altcoin enthusiast who wants to keep all of your coins in one place and own a hardware wallet.
But which wallet is the best for you? There are many options out there, each with its own pros and cons. To help you find the right one, we’ve rounded up the best altcoin wallets here.
1. Exodus: Great for beginners
Exodus is a wallet with a built-in exchange and this allows you to buy and sell your crypto directly from the platform without having to send it elsewhere. All in all, the wallet supports a total of 291 cryptocurrencies. Altcoins supported by Exodus include Ethereum, Tether, Nano, Zcash, and many others.
Although it’s not as secure as some other options (such as hardware wallets), Exodus is still an option for beginners who want an easy way to access and transfer their funds. The interface is simple, even for people who aren’t well versed in cryptocurrency.
And if you have any questions about using the platform at all, Exodus also has excellent customer support who are on hand 24/7 via email or live chat. As an added plus, it even offers a live walkthrough of everything!
2. Jaxx: Straightforward & easy-to-use with good altcoin support
Jaxx is a multi-currency wallet with a built-in exchange and support for anonymous transactions. It supports Bitcoin, Ethereum, Litecoin, Dash and many other altcoins. Jaxx is available for Android, iOS, Mac and Windows.
Jaxx has been around since 2014 so it’s very stable and reliable. The developer team has done an excellent job of keeping the app updated with new features like support for new cryptocurrencies when they’re added to the platform.
They also have numerous tutorials on their website to help you get started if you’re new to cryptocurrency wallets or blockchain technology in general.
3. Coinbase: A good wallet with an integrated exchange
Coinbase is another great choice for altcoins. That’s because this wallet supports more than 100 tradable altcoins. As an added plus, it also has an integrated exchange, which makes it easy to buy and sell altcoins.
This makes Coinbase a good choice for beginners who want an easy way to buy and store their coins in one place. The user interface is simple and clean, making it easy to use even if you’re not familiar with cryptocurrency exchanges.
4. Atomic Wallet: A multi-currency wallet with a built-in exchange and anonymous transactions
Atomic Wallet is a multi-currency wallet that supports over 300 different altcoins and tokens. You can also buy/sell coins on the platform itself thanks to the wallet’s built-in exchange. These capabilities of Atomic Wallet make it the perfect choice for crypto enthusiasts looking to invest in something outside the norm.
5. Ledger Nano S — Versatile hardware wallet
The Ledger Nano S is a hardware wallet. It’s an all-in-one device that stores your cryptocurrencies offline, making it more secure than other storage methods.
The main features of this wallet are:
- It has a screen, which makes it easier to use than some other wallets.
- It’s compatible with many altcoins, including Ethereum and Bitcoin Cash.
You can buy it from the official website or from Amazon for less than $100 USD – though beware that both options will require shipping time.
Closing Thoughts
Regardless of your choice, the most important thing is that you have a backup plan in place. Cryptocurrencies are digital assets which are 100% unregulated and decentralized.
So, in the event that you lose access to your cryptos, there is a very real possibility that you cannot recover them. As a rule of thumb, make sure that you have several backups of your cryptos stored in a safe location.
