How to Choose a Crypto Wallet


How to Choose a Crypto Wallet

By John Tiroud By John Tiroud | May 20, 2022 | Lifestyle, Sponsored Post,


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If you are buying, selling, or holding crypto, you want to keep reading. This guide will show you how to choose a crypto wallet that you can trust for the long-term. There are plenty of options out there, yet it’s important to find the right one that fits you best.

With your crypto wallet, you can use your crypto for trading purposes. You can also use it to purchase NFTs or NFFs (non fungible films). We’ll talk about what a crypto wallet is and why it’s important to have on one hand in a moment.

Cryptocurrencies are being exchanged every single day. Many are trading them and others are using them as alternative currencies. Either way, having a wallet handy is important.

If you are looking for a crypto wallet and don’t know where to begin, this guide will help. Let’s get right to it and help you find the right one.

Know the type of wallet you want

There are different types of crypto wallets that exist. These include mobile, web, desktop, and even hot or cold storage wallets. Each of them have their own pros and cons.

One of the things you need to consider is the security of the wallet. Some wallet types may be secure and some of them may have vulnerabilities. You’ll also want to consider who has access over your cryptocurrencies (which should be you and no one else).

It’s important to weigh the advantages and disadvantages of each wallet type. Consider what you are looking for in a wallet in terms of personal preferences or needs. What’s the one thing you look for in a wallet that you won’t budge on?

For example, hot storage wallets are known to prevent crypto thefts from happening. So if you hold security to a high priority, this is the kind of wallet worth considering.

What kind of currencies do you want to hold

Every wallet will have unique features. One of them is support for different cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and numerous altcoins. For example, let’s say you plan on holding Solana.

You want to find a wallet that will be compatible with Solana tokens. Some wallets will hold certain altcoins and others will not. So pay close attention to the list of cryptocurrencies that it’s able to hold.

Find user reviews on the wallet you’re looking at so you have a good idea of what it holds and isn’t compatible.

How much will it cost you?

The cost may be something that you haven’t given any thought of. Yet, there are some crypto wallets that will cost you. You can find one that will fit your budget or you can get one absolutely free.

Hardware wallets will cost more than software wallets. So if you are planning on hanging on to your cryptos for the long-term, a hardware wallet will be your best option. The reason for this is that it will only be accessed by you.

Furthermore, it stands less of a chance of being hacked or any kind of third-party intrusion. Never go for the cheapest option as you may run into disappointment in terms of quality and even a lack of features.

User friendliness

User-friendliness is another thing you want to consider for a wallet. Is it easy to use? Or are people who bought it having a hard time?

Granted, the most user friendly wallets out there are mobile and desktop wallets. That’s because they don’t require a lot of time to set up.


If you can access your crypto wallet from anywhere, that’s a good sign. It doesn’t matter what device you’re using. Mobile or online wallets once again can be your best friend here if you are looking for something that is easily accessible.

One of the things to keep in mind is that you’ll need a password and even access 2FA (or 2-step verification). This will give you an extra layer of security and the wallet will know that it’s really you accessing the wallet and no one else.


Security should always be important. If you are looking for the closest thing to the most secure wallet, getting a hardware wallet will be your best option. That’s because they are difficult, if not impossible to hack.

With software, web, or mobile wallets, it may have good security features. However, it may take a sophisticated hacker to access it with ease and steal your crypto.

Final Thoughts

If you are looking for a good crypto wallet, it’s important to follow these six steps listed above. So you want to find one that will give you the best features such as security, user friendliness, and the kind of currencies that it can hold.

Once you find one, you can easily set it up and put it to good use. Don’t compromise anything that may be vital such as the security. Also, consider what kind of coins you plan on holding onto for the long run (if that is your plan).

Photography by: Courtesy of NFF