The 6 Best Crypto Wallets For Most Investors, According To Experts

Editorial Independence We want to help you make more informed decisions. Some links to products on this page will take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.
There’s no better way to protect your crypto investments than with the right wallet.

That’s because a crypto wallet amounts to “the keys to the kingdom,” says Brent Campbell, founder and managing director of Fort Lauderdale, Florida-based digital-asset investment firm NXS Crypto Fund. “I tell clients that a wallet is the first step for anyone who wants to participate in the blockchain ecosystem — its purpose is to save, store, and receive [crypto] coins anywhere in the world, without a bank.”

The 6 Best Crypto Wallets
Best Hot Wallet for Ethereum and Web3 Compatibility

MetaMask

Jump to details
Not all crypto investors technically need their own wallet, since most mainstream exchanges allow you to store your crypto within your account, much like how a 401(k) or IRA lives within a Fidelity or Vanguard account. But unlike the traditional stock market, there aren’t robust federally mandated protections in place for crypto investors. So as the value of your crypto becomes more significant, you could benefit from the added security that comes with your own wallet.

Depending on your investment strategy, you might consider a hot or a cold wallet, or a wallet offered by your go-to exchange. We asked four crypto experts what long-term investors should know. Based on our own research and input from the experts, here are six of the best crypto wallets long-term investors should consider.

Coinbase Wallet — Best Crypto Wallet for Beginners
If you’re new to the crypto space, experts recommend a simple hot wallet. These tend to be free, easier to use, and are often connected to an exchange, meaning they support a large number of tokens and coins.

Coinbase Wallet, from the popular Coinbase exchange, is probably the best bet for beginners, experts say. It’s simple, supports thousands of cryptos, and is also noncustodial, meaning you maintain control over your private keys.

“We’ll tell 95% of the people we talk to, just use a Coinbase wallet,” says Chris Brooks, founder of Crypto Asset Recovery, a company that specializes in helping crypto investors recover passwords and seed phrases to their wallets.

Most crypto investors already start with an exchange-hosted wallet like Coinbase Wallet, says Campbell, which is like using “an on-ramp and off-ramp into crypto.”