If you’re hunting for the best crypto wallet, settle in. We’ve reviewed the top six crypto wallets currently on the market. You’ll find everything you need to know about each of the top wallets – how they compare, what makes them stand out, and any potential drawbacks.
We’ll also cover the various types of crypto wallets – hot and cold, custodial and non-custodial, software and hardware – to help you understand the differences and decide which one is for you.
Whether you’re eyeing a user-friendly app like Best Wallet, a derivative trading wallet like Margex, or a nifty cold wallet like Cypherock, we’ve got the scoop.
The Best Cryptocurrency Wallets at a Glance
Before we delve into our detailed reviews, let’s start off with a rundown of the six best wallets for crypto we’ll be covering in this guide:
- Best Wallet – Only crypto wallet for buying presale tokens
- Zengo – Secure crypto wallet with advanced 3MFA, including MPC
- Cypherock – Top cold wallet with a cryptographic private key
- Margex – Best custodial hot wallet for trading derivatives
- Ledger Stax – Leading cold wallet with innovative touchscreen
- Tangem – Pocket-sized, pocket-friendly, no-device cold wallet
The Top 7 Crypto Wallets in 2025 Reviewed
Now that we have the lay of the land, let’s unpack the top crypto wallets in more detail.
1. Best Wallet – Only Crypto Wallet for Buying Presale Tokens
When a company calls itself the best, in its very name, we usually take it with a pinch of salt. However, from our in-depth testing of it for this Best Wallet review, we were pleasantly surprised and found it could easily be the best crypto wallet for mobile.
Best Wallet is on a mission to capture 40% of the crypto wallet market by the end of 2026. With 43K+ followers on its X channel and in a market set to grow to around $32B by 2030, the company seems primed for success.
One of the things we love about Best Wallet is its mobile-first design (though browser extensions for Windows and macOS are in development). That means it’s straightforward to use, whether at home or on the go.
It’s also fully self-custodial. That means the wallet isn’t the property of a company or exchange, like Margex’s wallet, for instance. No one has access to your crypto but you.
Best Wallet is also a multi-currency wallet, giving users the ability to transact thousands of cryptocurrencies. It supports cross-chain interoperability, too, including Ethereum Mainnet, Polygon Mainnet, and BSC Mainnet – with more to come.
Best Wallet will soon include real-time charts and regular market news updates, as well as community sentiment scores, giving wallet users insight into what other traders think. That’s in addition to detailed token information and security audits to confirm whether a token is safe to buy.
As for security, this is the first crypto wallet to use Fireblock’s MPC-CMP wallet technology, which involves advanced cryptographic techniques. Multi-factor authentication and biometrics ensure high-level security, so your private keys and seed phrases don’t fall into the wrong hands.
Another feature that sets Best Wallet apart is the ability to buy presale tokens. This gives investors early-bird access to upcoming tokens, such as Solaxy ($SOLX) and MIND of Pepe ($MIND), at a low price before they list on a DEX or CEX.
Best Wallet even has its own native token – $BEST – also currently in presale. Launched on November 25, the Ethereum-based ERC-20 token will give $BEST holders exclusive benefits such as lower transaction fees, higher staking rewards, access to the top private sales, and airdrops.
The $BEST Wallet token presale raised $162k within the first 24 hours of its exclusive in-app launch. Now open to non-Best Wallet users too, $9M+ has since been raised.
Pros
- Multi-currency, multi-chain, and 100% self-custodial
- Gives users the option to buy presale coins at early-bird prices
- Fireblock MPC-CMP wallet technology-enhanced security
- Its native $BEST token is expected to power additional benefits
Cons
- Mobile-only, no browser extension yet
2. Zengo – Secure Crypto Wallet with Advanced 3MFA, including MPC
You can never be too careful when it comes to the security of your crypto wallet, whether it’s hot or cold. That’s why hot wallet Zengo has gone the extra mile with the introduction of multi-party computation (MPC) instead of the traditional seed phrase or private key model.
MPC is a clever form of cryptography trusted by financial institutions, healthcare providers, tech giants, government agencies, and other companies that handle highly sensitive data. And now Zengo is using this to secure their users’ wallets.
Traditional crypto hot wallets are secured by a private key that can be easily lost or even stolen. This seems to happen a lot. A Bankrate report notes that over $100B in Bitcoin has been lost due to lost or stolen seed phrases and misplaced private keys.
MPC replaces the traditional private key with two independently created mathematical ‘secret shares’, as Zengo puts it. One is stored on your mobile device and the other on the Zengo server. That ensures no single point of failure exists.
Add to that email confirmation and 3D face mapping, and you have a winning three-factor authentication formula. Zengo’s 1M+ plus user base appears to agree, with a 4.5/5 rating on Trustpilot.
Then Zengo wallet can be accessed via Windows PC or iMac, though you’ll need to download the Zengo app to your phone first. And with the 3D face lock as an additional (and important) safety measure, it’s good to stick with just the phone app.
The Zengo wallet is free to use, but only in the Essentials mode. This offers the basics you’d expect from one of the best crypto wallet apps (including MPC, as well as an NFT spam filter).
The Zengo Pro option, however, adds advanced features such as up to five wallets, a Web3 firewall, legacy transfer (a will of sorts, where you pass your wallet to a beneficiary), and priority customer support. All this, plus up to 50% off your purchase fees when buying crypto.
The Pro plan costs $19.99 a month or $129.99 per year, and the latter includes a three-day free trial.
Pros
- MPC eliminates the risks associated with a single private key
- Three-factor authentication, including 3D face mapping
- Solid industry reputation, with 1M+ users and positive reviews
Cons
- Advanced features in the subscription plan only
Click for the official Zengo website.
3. Cypherock – Top Cold Wallet with a Cryptographic Private Key
We’ve already covered some of the top hot wallets. Now it’s time to drop the temperature with Cypherock, the best crypto cold wallet. This hardware wallet decentralizes private keys into five cryptographic parts, each held on separate components.
How? Well, Cypherock uses Shamir’s Secret Sharing, which is a foundational component of MPC and works to eliminate a single point of failure and vastly enhance security. This makes Cypherock one of the best decentralized cold crypto wallets.
The open-source Cypherock X1 wallet comprises a small handheld device and four credit card-size cards. Each part of the key is stored on only one of those components, letting you safely store each one in different locations.
Better yet, Cypherock is 100% self-custodial, as you hold all the parts to the key. It’s also the first hardware wallet that doesn’t require seed phrase backup, eliminating a common security risk.
To access your wallet and transact, you need at least two parts of the key. In other words, the actual device and one card. That means if you lose up to three of the other cards (which can be further protected by a PIN), you’ll still be able to access and use your wallet.
The Cypherock X1 works in tandem with the cySync software, which can be downloaded onto a PC and iMac (mobile phone options are hopefully coming soon). It’s a hefty file download, by the way. The macOS version is 1.8 GB, so it may take a while.
On the upside, the wallet supports 9K+ digital assets, and Cypherock users can also access DeFi and dApps, all through Wallet Connect. The Cypherock X1 costs $199 but is currently on special for $131.97.
Pros
- Cold wallet security while also eliminating a single point of failure
- Non-custodial – no part of the wallet is controlled by a company or CEX/DEX
- Access to DeFi and dApps through Wallet Connect
- Each key component can be securely stored in different locations
Cons
- Not yet mobile-compatible
4. Margex – The Best Custodial Hot Wallet for Trading Derivatives
Margex is a crypto derivatives trading platform with its own native wallet. This means that, unlike Best Wallet and Exodus, the wallet lives on the Margex exchange, which means it’s a custodial hot wallet. We’ll explain what that means later in this guide.
While Margex is on our list of the best wallets for crypto, it isn’t yet supported in the US, though this may change. The same applies to Canada, Hong Kong, Seychelles, Bermuda, Cuba, Crimea, Iran, Syria, North Korea, Sudan, and Afghanistan.
If you’re anywhere else, Margex lets you make deposits of as little as $10 into the user-friendly wallet (via desktop browser or the Android/iOS app). It lets you trade in 15 different cryptocurrencies, from $BTC and $ETH to $TRX and $DOGE.
You can opt to use a bank card, where the deposit will be made directly through Changelly or ChangeNOW.
Something to bear in mind, though. Margex is a no-KYC (know your customer) exchange, as is its wallet. This means you can deposit crypto in your wallet without KYC, but if you deposit fiat via a credit or debit card, a quick KYC check will be required.
We mentioned earlier that Margex is a custodial hot wallet, but it’s also a cold wallet. That’s because Margex stores 100% of all wallet funds in cold storage, which amps up security and prevents potential hackers from getting their hands on your wallet.
As for withdrawals, all pending requests are processed once a day, between 12:00 and 14:00 UTC. At that point, your crypto will be transferred back to your hot wallet, letting you withdraw it.
Two-factor authentication via a smartphone as well as email confirmation, is required to withdraw your funds.
Being based on the Margex platform also has its advantages. Margex is a crypto derivatives trading platform that supports perpetual futures trading (with up to 100x leverage). In other words, traders can guess the future prices of cryptos without having to own the assets themselves.
Margex also supports copy trading (great for newcomers to crypto or perpetual trading), which enables you to mirror an experienced trader.
Finally, when you register for free on Margex, you’ll receive up to $10K as a welcome bonus that can be used to cover up to 50% of trade fees incurred for a trade after closing a position.
Pros
- All funds are kept in cold storage
- Low minimum deposit
- Includes a welcome bonus on free registration
- Multi-layer security, including 2FA
Cons
- A custodial wallet, so it’s owned by the exchange
- Not available in all regions
5. Ledger Stax – Leading Cold Wallet with an Innovative Touchscreen
Ledger is a French hardware wallet company with over a decade in the crypto market. It’s built a rock-solid reputation, having sold 7M+ devices.
The Ledger Stax is the most advanced and customizable cold wallet yet, featuring a curved e-ink touchscreen.
That e-ink bit is important. Not only does it make the screen easier to read in brighter light, but it also uses less energy. As anyone who uses a Kindle Paperwhite (also e-ink) will tell you, that means a longer battery life. Ledger promises up to 10 hours of normal use or 150 transactions.
The screen also enables ‘clear signing’, which lets you review and verify all transaction details before they’re signed and sent.
The Ledger Stax is a compact and good-looking device. It should be, seeing as it was designed by former Nest Labs CEO Tony Fadell, inventor of the iPod and co-inventor of the iPhone. But it has more than just the look.
‘The capabilities we’ve created with Ledger Stax will be key to wider adoption of digital assets with its unique e-ink display, enhanced security, integration capabilities, and its user-friendly experience,’ Fadell posted on X after joining the Ledger board of directors last year.
The Ledger Stax is roughly the size of a credit card, with an aluminum body embedded with magnets for stackability (hence its name). The 3.7-inch screen can even be customized with an image or NFT in lock mode.
It’s a cold wallet device that works in tandem with the Ledger Live app and supports more than 5.5K cryptocurrencies. Stax is also compatible with Windows, macOS, and Linux (via USB), as well as Android and iOS (via Bluetooth).
In terms of security, your Ledger Stax has a private key that you store offline in the form of Ledger’s Secure Element Chip (ST33K1M5). It’s also protected by a private PIN, a 24-word secret phrase, and two-factor authentication. And if any threat is detected, it’ll automatically lock.
The Stax Ledger nails both form and function, but it comes at a price. At $399, it’s one of the most expensive hard wallets on the market. Then again, Stax is from the creative mind behind the iPod and iPhone, so perhaps the high price point is part of the appeal.
Pros
- Touch screen with e-ink for clear signing
- Compatible with Windows, Linux, macOS, Android, and iOS
- Sleek design, with embedded magnets for stackability
- Long battery life
Cons
- Expensive compared to its competitors
6. Tangem – Pocket-Sized, Pocket-Friendly, No-Device Cold Wallet
Simplicity is central to Tangem. It is, in fact, a ‘no-device’ wallet. And it’s one of the most affordable cold wallets on the market.
The Tangem wallet is a set of two or three cards (similar in size to a credit card) with an embedded Samsung S3D232A chip, which generates a private key offline when you initially activate the wallet.
From there on, all you have to do is tap one of the cards against your phone – Android or iOS – to access your wallet.
Tangem offers sets of cards to improve your recovery options if you lose one of the cards. But you only need one card at a time to open your wallet, so the remaining cards can be securely stored in different locations.
Don’t be fooled into thinking that Tangem’s minimalist concept means less functionality or security. Quite the opposite. Tangem brings all the functionality of the top crypto wallets to the table, plus it’s guaranteed for 25 years.
That includes access to real-time tickers for thousands of cryptocurrencies, token analysis, transactions, and staking via the open-source, mobile-only Tangem app.
Meanwhile, thanks to the wallet’s EAL6+ security standard, Tangem is extremely secure. The wallet also requires 2FA – biometric and access code – with the option to add a seed phrase. And of the 2M wallets the company has sold, not one has been hacked.
Tangem has another innovative wallet offering, a two-card set with a wearable ring. Made of zirconia ceramic, it connects to your phone via NFC.
Tandem’s price point is one of the most affordable on the market – $69.90 for the three-card wallet and $54.90 for the two-card alternative – and crypto is among the payment options. The ring wallet, meanwhile, is priced considerably higher, at $160.
Pros
- One of the cheapest cold wallets available
- 100% Self-custodial
- EAL6+ security
- Simple, lightweight design
Cons
- Not compatible with Windows, Linux, or macOS
What is a Crypto Wallet?
Like a traditional wallet you use to hold cash and cards in, a crypto wallet is a software program – on a physical device or purely online – that securely stores the crypto keys you need to access your cryptocurrency.
How Do Crypto Wallets Work?
A crypto wallet doesn’t actually store your digital assets; all crypto is held on a blockchain. Rather, a crypto wallet stores the private passkeys you need to access your cryptocurrency and perform a transaction.
Only you have access to those private keys, which include long strings of numbers and letters. A crypto wallet pairs that private key with public keys on a blockchain, letting you send or receive crypto.
First, you’ve got to decide which cryptocurrency to buy and which CEX or DEX to purchase it on; then, you create an account on that exchange and follow the steps to connect your crypto wallet to it.
Next, approve the transaction using your private key, including any required network transaction fees. Once that’s done, verify the transaction is complete by checking your wallet balance, remembering that fiat transactions can take up to a couple of days to clear.
Types of Crypto Wallets Explained
There are different types of crypto wallets, each with its own pros and cons and degree of security.
Custodial Wallet
Some wallets, such as Margex, are hosted by an exchange or company. This means that a third party stores your private keys for you, i.e., retains ‘custody’ of your keys. The upside to a custodial wallet is that your private keys are protected by bank-grade data security systems.
However, CEXs and other third parties can fall victim to cyberattacks, which puts your private keys at risk. The CEX could also go under and stop operating. So if you’re uncomfortable with your private keys being held elsewhere, this type of wallet may not be for you.
Self-Custodial Wallets
Also referred to as ‘non-custodial’, self-custodial wallets like Best Wallet give the user full ownership and control of their private keys, and that includes looking after them. And because the keys aren’t held by the company, it’s less likely to be hacked.
However, if you somehow lose your private key or recovery phrase, you won’t be able to access your crypto, and there’s nothing you can do about it. Not even customer support can help you regain access.
Hot Wallets
A hot wallet – also known as a ‘software wallet’, can be custodial or non-custodial. Hot refers to it being a web-based, desktop, or mobile app that connects to the internet to conduct a transaction.
Best Wallet, for instance, is a non-custodial hot wallet, while Margex is a custodial hot wallet, as both are essentially software running in the cloud.
Hot wallets can support multiple currencies and, better yet, are generally free to use. They also offer the easiest and fastest way to trade in cryptos. However, being online apps, they may be susceptible to cyber threats like hacking, phishing, and malware.
That’s why hot wallets aren’t recommended for holding long-term investments of large amounts of crypto. They’re better suited to frequent trading and smaller balances.
Cold Wallets
A cold wallet is a piece of hardware, a physical device that’s not connected to the internet, which makes it much more secure than a hot wallet.
Cold wallets have only one function – storing your private crypto keys offline. They’re non-custodial, too, so you have complete control over the device and those private keys.
Unlike a free hot wallet, though, a cold wallet will set you back anything between $55 and $400, perhaps even more. And if you lose access to your device as James Howells did, your crypto will be gone forever – and there’s not a thing you’ll be able to do about it.
How We Selected the Best Crypto Wallets for This Guide
In this review of the top cryptocurrency wallets, we looked for several important features we believe are non-negotiable. For instance, a crypto wallet is nothing if it doesn’t offer top security to protect the keys to your precious digital assets.
That’s why we started by analyzing the security features of each of these crypto wallets. These six made the grade. Others, not so much.
We also took into consideration ease of use and functionality. Does the wallet have a mobile app? Does it connect directly to a CEX and DEX to let you buy or sell crypto easily? What cryptocurrencies does it support? Multi-currency, multi-chain support is a must for most crypto traders today.
Lastly, we looked at the reputation of the development teams behind each of these wallets. Some have been around for a fair amount of time, while others are relatively new kids on the block. But all must display a solid track history and positive user reviews to make the cut.
Getting Started with a Crypto Wallet
Whether it’s a hot or cold wallet, custodial or self-custodial, they all work in pretty much the same way. Here’s how to start using a crypto wallet. We’ll go over the process for our top pick, Best Wallet, for this example.
Step 1 – Download the App if Required
Best Wallet is a self-custodial hot wallet. In other words, it’s an app for your phone. You can scan the QR code on the official Best Wallet website to download the app to your phone.
Alternatively, you can download it from the Google Play Store or Apple App Store.
Step 2 – Install and Set Up Your Crypto Wallet
Once you’ve downloaded the app, select ‘Get Started’ and enter your email address. A verification code will be sent to your email, which you’ll need to enter in the app to continue.
Next, Best Wallet will prompt you to add two-factor authentication (2FA) by verifying your phone number. This is optional, but 2FA will make your wallet more secure.
You’ll also be prompted to create and confirm your own four-number passcode to protect your device. Another handy feature here is the option to enable biometric login. Doing so will let you open your wallet with your fingerprint on Android or use face ID on iOS.
Once that’s done, congratulations. You’re now the proud owner of a crypto wallet.
Step 3 – Fund Your New Wallet
Before you can buy, hold, and trade tokens, you need to fund your wallet. You have three ways of doing this. The first is on-ramping, in which you buy crypto directly through the app using a bank card.
Say, for instance, you want to buy $ETH. At the top of the landing screen, select the Buy option.
Next, you’ll be prompted to enter the amount in fiat that you want to pay. Best Wallet automatically selects the currency based on the region you’re in, but you can select your preferred currency here.
Below the fiat amount, you’ll see the equivalent amount of $ETH, as well as the trading platform that currently has $ETH at the best price. Below the $ETH amount, you’ll see Pay using Credit Card, but Best Wallet also has other options when it comes to buying crypto with fiat.
Use the dropdown menu to select debit card, Google Pay, Neteller, Skrill, Automated Clearing House, PayPal, or bank transfer as your payment method. Then select Buy ETH.
The trading platform through which you’re buying $ETH will then step in and prompt you to add your credit card details and other relevant information.
Don’t forget, though, that buying crypto comes with ‘gas fees’, including network and transaction fees, so be sure to load some extra funds to cover the gas.
Once the payment has been processed, you’ll then be a holder of $ETH, and it’ll be reflected in your wallet balance. Then you can use it to buy or swap other crypto.
Step 4 – Pick an Alternative to On-Ramping
If you’re not new to crypto and already hold crypto in another wallet or on one of the best exchanges, you can transfer that crypto to your Best Wallet instead of on-ramping with fiat.
You can also import that other crypto wallet into your Best Wallet. This means you can have multiple wallets in your Best Wallet app. The official Best Wallet website has handy YouTube videos explaining exactly how to do that.
Concluding Our Guide on the Best Crypto Wallet Apps
So, there you have it – the six best crypto wallets currently on the market. From the fully non-custodial, beginner-friendly Best Wallet to the affordable Tangem cold wallet, these are the wallets worth considering right now.
Just a reminder, though. The cryptocurrency world is risky, so it’s important to always DYOR. Although we have a passion for all things crypto, we’re not financial analysts. So, do your homework to make a well-considered choice.
FAQs
1. Which crypto wallet has the lowest fees?
It’s hard to say, as the gas fees you need to pay depend on the trading platform and the cryptocurrency itself, not the wallet, per se.
2. Which wallet is the most secure?
Generally speaking, a cold wallet such as the Ledger Stax or Tangem is more secure than hot wallet alternatives. That’s because it involves a physical, offline device that can’t be infiltrated by hackers. However, if you lose your device or passcodes, you lose your crypto too. That’s not to say hot wallets are unsafe. They’re just more vulnerable to cyber threats than cold wallets.
3. How many crypto wallets should I have?
There’s no rule as to how many wallets you can or should have. You may opt to have just one. However, if you own a large amount of crypto that you plan to hold for the long term, it’s safer to store that securely in a cold wallet and use a hot wallet for regular day-to-day transactions.
4. What is the best crypto wallet for beginners?
Best Wallet is a good entry crypto wallet for beginners. It’s 100% self-custodial, mobile-only, and very user-friendly. Plus, it’s the only crypto wallet that lets you buy coins on presale.