๐Ÿ”ฅ๐Ÿ‘› The TOP 5 BEST ALTCOIN wallets: an overview ๐Ÿ‘›๐Ÿ”ฅ

in cryptocurrency โ€ขย  6 months ago

Want to invest in more than bitcoin but have no idea how to manage different coins effectively?
I've got you covered!
In this post I'm gonna give you an overview of the BEST altcoin wallets out there. I will be ranking them based on amount of different cryptocurrency supported, ease of use, and security.

Lets go!

5 - Cryptonator


Cryptonator is a web-based multicurrency wallet. It has a built in exchange for BTC, LTC, DOGE, PPC, DASH, XMR, ZEC and BLK. This wallet is easy to use but your private keys are not yours. The company has them for safekeeping, and technically has control over your funds. Cryptonator claims that they store 90% of their crypto in remote servers disconnected from the internet, and they use HTTPS and encrypt critical data with the SHA-256 algorithm. As long as cryptonator stays honest, your coins are safe.

Supported coins (10): BTC, BLK, DASH, DOGE, EM, LTC, PPC, XPM, XMR and ZEC
Wallet type: Web-based
Desktop: Yes
Mobile: Yes
Built in exchange: Yes
Safety: Moderate
Ease of use: Very easy
Open source: no
Website: https://www.cryptonator.com/

4 - Agama

Agama is a desktop multi-currency wallet in early beta, available for Mac, Windows and Linux made by Supernet.org. Agama offers native support for 12 different cryptocurrencies. You own your private keys with this program, but they are stored as a wallet.dat file on your computer and are not encrypted. This means you have to be vigilant while using this wallet, and it's probably the reason why they have this disclaimer on their website: "Agama Wallet is in early development phase, but already publicly available for testing. It is safe to use, but proper backups should be taken. We recommend you not to use it as a primarily wallet for your cryptocurrencies." I'm still listing it though, because even though they are early in development, they already support a good amount of coins, and their program looks really sleek. You can run the program in multiple modes. You can either download the blockchain of every coin that youre using, giving it fast and reliable performance, or you can run it in basilisk mode, where you don't download the blockchain, but the wallet is a bit slower. They have an exchange built in called EasyDEX, which is an exchange that utilises atomic swaps (user to user swaps). For an early beta this looks really promising, so keep an eye out for this one!

Supported coins (12): BTC, BTCD, BTM, CARBON, DGB, DOGE, FRK, GAME, KMD, LTC, UNO, ZEC and ZET.
Wallet type: Cold storage, no encryption
Desktop: Yes
Mobile: No
Built in exchange: Yes
Safety: Moderate
Ease of use: Easy
Open source: no
Website: https://supernet.org/en/products/agama-wallet

3 - Exodus


Exodus is a desktop multi-currency wallet. It supports Mac, Windows and Linux. The wallet is easy to use, you have control over the private keys, and exodus even encrypts them for you. Exodus has the shapeshift.io exchange built into the wallet, so that you can exchange your cryptocurrency with one click. Exodus also removes the need for a portfolio tracker, because they have live charts of your entire wallet. The wallet looks sleek and is really responsive. My only wish would be for them to add more cryptocurrencies, but it doesn't look like that is in their roadmap. On their website they explain that they are only interested in assets that are on shapeshift and are in the top 20 for market cap. This leaves out a very big amount of cryptocurrency with potential.

Supported coins (8): BTC, LTC, DOGE, ETH, DASH, GNT, REP, DCR
Wallet type: Cold storage, encrypted
Desktop: Yes
Mobile: No
Built in exchange: Yes
Safety: Good
Ease of use: Very easy
Open source: no
Website: https://www.exodus.io

2 - Jaxx

Jaxx is a multiplatform multicurrency wallet. The private keys are stored on your device. It has a beautiful UI, is really sleek and easy to use, and has shapeshift built in. What's great about Jaxx is that it supports every major platform. Desktop clients available for Mac, Windows and Linux. Mobile clients available for iOS and android, and hardware wallet support coming soon. Jaxx is completely open source, so you can check exactly what the application is doing. The jaxx team also is actively adding new coins and one of their missions is to "unite" cryptocurrency and offer a platform that is safe, easy to use and has wide support. It's already very good, but the team seems motivated to make this wallet take my number one spot.

Supported coins (12): BTC, LTC, ETH, DASH (not on iOS), ETC, REP, ZEC (not on iOS), DOGE, ICN, GNT, GNO, DGD
Wallet type: Cold storage, not encrypted
Desktop: Yes
Mobile: Yes
Built in exchange: Yes
Safety: Good
Ease of use: Very easy
Open source: Yes
Website: https://www.jaxx.io

...and the winner is...

1 - Coinomi

Coinomi is the absolute winner of altcoin wallets. Coinomi by far supports the most cryptocurrencies out of any wallet on this list. It has the shapeshift.io exchange built in and just works flawlessly. You get a clear overview of all your balances, and Coinomi combines this balance so you can see exactly how much your crypto is worth. Coinomi is open source, stores your private keys locally and encrypts them. This makes it a really safe wallet. They are big on privacy and their software is built around making sure that nobody can trace your transactions back to you. The only downside: Currently only available on android. They have announced that iOS and desktop clients are coming, though. Once theyre here, the other wallets will have a lot of work to do to catch up to Coinomi.

Supported Coins (64!!): BTC, ABN, AC, AUR, BTA, BELA, XBC, BLK, BRIT, CDN, CCN, CLAM, CLUB, COMP, DASH, DGB, DOGE, DGC, EDR, EFL, EMC2, ETH, ETC, EXP, FTC, GAME, GCR, GRC, NLG, INSN, IOP, JUM, LDCN, LBRY, LTC, MONA, XMY, NMC, NAV, NEOS, NVC, USNBT, NSR, OK, PKB, PPC, PSB, PIVX, POSW, POT, RDD, RICHX, RBY, SDC, SMLY, SLR, STRAT, SYS, UNO, XVG, VRT, VASH, ZEC, XZC
Wallet type: Cold storage, encrypted
Desktop: No - coming soon
Mobile: Yes - android only, iOS soon
Built in exchange: Yes
Safety: Very Good
Ease of use: Very easy
Open source: Yes
Website: https://coinomi.com

I hope you enjoyed this post. If you did, leave an upvote, comment and resteem. I will be forever grateful! I will be posting more guides and other cryptocurrency related content, so if you're interested in that, do yourself a favor and hit that follow button!

See you next time,

MriLevi

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ย  ยท ย 6 months ago

Hello! I just upvoted you! I help new Steemit members! Upvote this comment and follow me! i will upvote your future posts! To any other visitor, upvote this post also to receive free UpVotes from me! Happy SteemIt!

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ย  ยท ย 6 months ago

Thanks man. Hope you enjoyed the content!

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I just followed you. Am new on steemit

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ย  ยท ย 6 months ago

Awesome! Welcome to the community, I hope you will like my content! :)

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Pretty much. Looking forward to more reviews on altcoins

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ย  ยท ย last month

follow as requested..

Am using Coinomi coz am usually on my phone. So far so good

ย  ยท ย 6 months ago

I use exodus now and I'm pretty happy with it. I wish they'd add more currencies as well. I e-mailed them and they are going to add a few more in the future: Roadmap

I was going to use Jaxx instead but it was recently hacked so I decided against it. I wish I could use Coinomi! My friends all use it but I don't have an android.

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ย  ยท ย 6 months ago

The recent "hack" against jaxx was just users using the wallet on an unprotected network. The wallet file jaxx creates isn't encrypted, so when somebody gets access to that file, it's game over. Exodus does this much better, theyre just not completely open source, and have no mobile client. Thanks for your comment, if you like this kind of stuff, make sure to follow me man!

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ย  ยท ย 6 months ago

That is just not true. JAXX is by design (confirmed by dev) is to be used only for storing small amounts that you're ok to loose. Access to the wallet is wide open. No passwords, no encryption, nothing

I have Jaxx but may download Coinomi. You got yourself a folkower.

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ย  ยท ย 6 months ago

Can definitely recommed coinomi, such a great wallet. Thanks for the follow, I will keep posting content like this!

quality content, I follow.

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ย  ยท ย 6 months ago

Thanks man! Hope you'll enjoy! :D

Good to know about Coinomi!! I use Exodus, but it would be great to have them come out with a mobile version. Im away from the desktop a lot, so im def going to get Coinomi. Thanks for info. ill be sure to follow and upvote, please do the same!

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Got hacked 2 EXODUS wallets. Not saved at all. See below my post.

ย  ยท ย 6 months ago

Just a heads-up, Coinomi is no longer open source. They're now "source-available" just like Jaxx. They haven't publicly uploaded the code behind their app in ages.

ย  ยท ย 6 months ago

Why would you put JAXX - a hacked walled, with well know vulnerability and developer openly stating it should not be used for keeping anything but spare change on the list?

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Is Jaxx really that bad? I would recommend only use it for spare change. Otherwise use a paper wallet or TREZOR .

Great info, thanks for putting it on here

ย  ยท ย 5 months ago

I am a user of Jaxx, but it does NOT have local encryption. To bad since that would be quite easy to build it to the product. Exodus sounds like what I will be using for my Desktop wallet.. . I currently like to use a strategy of several wallets much like i would with real money for example:

Billfold Wallet < $1000 - This is my pocket money that i carry with me on my phone (Jaxx) Usually keep less than $1000 in it unless i know i will buy a big purchase. Security is good, but if it is compromised, not a showstopper

Exchange Wallet $0 - This account could be an online Exchange such as Kraken/Coinbase etc. and NEVER NEVER NEVER leave your coins on there use it only as an on / off ramp to convert to USD or link to bank account. This account is not safe and should be considered as vulnerable as a bank as far as privacy.

Transfer Wallet $0 - I use a transfer wallet when i need to receive bit coin and i dont want to reveal my public address so money goes in and generally get shuffled out pretty quick.

Deposit Wallet - < $1000 I generally have a single account that has a 'memorable' address for example one of mine starts with 11KIKINMAN....... it really means nothing, but I know right away that that is my address. I give this to my clients to send money.

DUMMY / Test Wallets < $100 Accounts i use for testing and development purpose... pretty much disposable and never really concerned with security.

VAULT Wallet $100,000+ - ROCK SOLiD This is were you keep your main storage of bitcoin (or other coins) and you can trip encrypt the file and obfuscate it in another document by hiding the public / private keys buried in an image file or even hidden in a word document and you can even encrypt the key again so if a user every did figure how the triple security and locate a pair of keys... even those keys would be encrypted. You can also create a honey pot by adding a bunch of fake keys to throw off the intruder. What ever scheme you come up with just make sure you either remember it or document it so you remember. Once you have encrypted the file you can feel safe to store it with your other files up on Dropbox, sugar sync or just your backed up file system.

As for me, i have been using a pretty lengthy obfuscation/encryption scheme with my own security algorithm so it is pretty much impossible for anyone to reveal my keys.

I Also keep several long term wallets as an addition measure of security vs all my coins in a single basket.

Here is details on my current strategy

Dollars -> Crypto

Billfold Wallet Jaxx on desktop and mobile device
Exchange Wallet Coinbase / Kraken

Transfer Wallet Always trying new ones
Long Term
Deposit Wallet Exodus since it is encrypted

Vault Wallet Trezor / Ledger or Paper Wallet (obfuscated)

Well, I hope this can help somebody build a strategy that works for them, it took a while to learn from mistakes, but i am still refining and tweaking as I continue to learn.

I would love to hear others Ideas as in this community I am always willing to open my ears.

cheers.

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ย  ยท ย 3 months ago

Thanks for that lengthy write up, that's great advice there! Followed and upvoted; best to you.

ย  ยท ย 5 months ago

Very useful info, thank you! :)

ย  ยท ย 4 months ago

It never ceases to amaze and encourage me seeing how helpful the crypto community is to one another, thank you.

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ย  ยท ย 3 months ago

I agree with you wholeheartedly! Isn't it refreshing? It reminds me of reading some of Einstein's personal correspondence with other scientists in which he was always encouraging the sharing of ideas instead of hiding in secrecy with the intent to become notable once published.

@mrilevi just a question - for wallets with .dat files if you delete the file. Can you still use the seed to recover the account as everything is stored on the blockchain?

Upvoted and followed! The best data I have read about wallets!

Great article! You answered a lot of questions for me!

Nice collection and i am new to Steemit and i am looking more from you dear.

Exactly the info I was looking for.
I understand a personal cold storage device is always the best option for holding currency, but for anyone who's trading alt coins, it's best to have something convenient and versatile.

At first, I was looking into using Jaxx as my mobile wallet, and maybe I will in the future as you said, but it doesn't have the coins I need. You say Coinomi is secure, and THAT was my main concern.

Awesome post for a newb like me!

Nice one man. Check out my channel as well for more trading videos

ย  ยท ย 3 months ago

Thank you for making this article. You've turned me on to Coinomi and Exodus. However you might want to look at Jaxx again. There is evidently a big security problem that they are not too interested in fixing. (Charlie Shrem has said he'd fix it, but his record does not invoke trust). At any rate, info people should know about. It's a shame too because I really enjoyed the user experience with Jaxx.

https://www.bitsonline.com/jaxx-vulnerability-bitcoin-risk/

Amazing post, thanks for the info!!

ย  ยท ย 3 months ago

Errata (Please update your article)


1. Coinomi is no longer open source

Coinomi stopped publishing their source code with v 1.6.5 sometime before 1 August 2017.

Before that, on 6 November 2016, Coinomi changed their licence to prevent derivative works, and became
not open source according to the open source definition


2. Jaxx is not completely open source.

Clicking View Source Code on their website shows:

Jaxx's code is now available to view below. This is the full code (minus third party libraries) of our wallet's back end; it does not contain any UI elements.

Emphasis mine.

I've got hacked recently with my 2 EXODUS accounts. This multi-wallet is not saved at all especially due to:

  • No 2FA
  • No IP whitelist
  • No email confirmation for withdraw or any transaction.
    It very easy for hackers to clean your EXODUS wallet!!!
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It's nearly impossible to get hacked (barring a computer virus) if you have at least a 20-character password using letters, numbers, special characters.

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bitch you don't know wtf hackers can do -_-

ย  ยท ย last month

Thanks vrry much. I was checking to see how well coinomi ranked as i have a growing amount of coin there. I was hoping not to discover i needed to change, do glad to read your opinion! Too late for me to upvote, but am following and if you reply here i'll upvote that.

ย  ยท ย last month

WalletZ - The All in One Coin Balance Viewer ( either Public Wallets and Exchange Accounts ) https://www.walletz.cc a bit different.. The version doesn't create wallets, but helps you to track existing walllets in one place :)

Handy!

ย  ยท ย last month

thanks mrilevi - although few months old have taken advice to get started with coinomi.

I know that is post is 5 months old but sill helped me today :D

You need to put those options in order. I mean, why Coinami is at the bottom ?

ย  ยท ย 10 days ago

I found a nice list of 14 Hardware & Software (FREE) Crypto Wallets to store our multi crypto currencies.

A pretty details article it is!

Great info, I think I will try that cryptonator. It sounds nice.

Great post

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You can take me, but you will never take my bunghole, Hm heh.... For I am the Great Cornholio Hm heh I have no bunghole, hm heh...