Some years ago, cryptocurrencies were practically unknown to the population at large. A few people have probably heard about Bitcoin (BTC), but no more than that. Nowadays, there are hundreds of digital coins and tokens. Some cryptocurrency exchanges list thousands of different crypto pairs for trading. You can find specific converters of Binance to Matic, Ethereum (ETH) to Litecoin (LTC), you name it!
But in all these cases, you need a crypto wallet to store your digital assets safely. Strictly, it doesn’t store any coins. It stores strings of characters that are referred to as private keys. You can regard a private key as a highly secured password. Without the corresponding private key, you cannot access your digital holdings. On the other hand, anyone with your private key could access and spend your digital coins.
As seen, choosing a reliable and safe crypto wallet is crucial. What’s more, with so many cryptocurrencies in the market, you probably will need to store different digital coins. There are wallets for specific cryptocurrencies. For example, there are BTC wallets that cannot store any other cryptocurrency. But if you want to diversify your investment and hold different cryptocurrencies, you need a multi currency crypto wallet.
Now, it is not necessary to use a multi-currency wallet. But it is much more practical. You could use several wallets for specific coins only. However, when you invest in a large number of different cryptocurrencies, managing all your coin-specific wallets would be difficult. So, keep reading and find out what the best multi-currency wallet is for 2021.
The Best Multi-Currency Crypto Wallets in the Market
Here is a list with a brief description of the best five multi-currency wallets in the market:
- Exodus. It is available in desktop and mobile versions. It supports around 100 different digital coins. It has a built-in exchange, which you can use to swap between the cryptocurrencies you hold. Owing to its friendly interface, Exodus is perfect for beginners;
- Ledger Nano X. It is considered one of the best hardware multi-currency wallets in the market. It supports major cryptocurrencies including BTC, ETH, and other 30 digital coins. Users of the Ethereum network consider it the best way to store all the coins and tokens on this platform;
- Trezor. It is often compared to Ledger in terms of features. It is also hardware-based. The latest version, the Trezor Model T, supports approximately 6,000 different digital coins and tokens. Because of its advanced features, Trezor is not suitable for beginners;
- Coinomi. It stands out for the safety level it offers. It has been around for several years and has a large following. Coinomi supports over 125 blockchains and 1,700 tokens. It also allows storing over 175 fiat-money currencies. It offers a myriad of functions that are accessible via an easy-to-use interface. As such, Coinomi is good for beginners and advanced users alike.
There are many more multi-currency wallets available in the market. But the list above includes the best ones for 2021.
And the Winner Is!
Well, there is no real winner here. All the multi-currency wallets listed have their advantages and drawbacks. Choose the one you like or are familiar with. All of them are reliable and will do a good job.