Best Mobile Crypto Wallets in 2023: Top 8 Picks

The reason why you are looking for the best mobile crypto wallets is probably that you looking for a convenient way to store and manage your cryptocurrencies. Or maybe you are looking for a way to make transactions while on the go.

Regardless of your reasons, there is no doubt mobile wallets are the best for storing, managing and using your cryptocurrencies.

Top 8 Best Mobile Crypto Wallets

These 8 mobile crypto wallets are the cream of the crop. They are all feature-rich and user-friendly. They have been tested for security, ease of use, and functionality. Therefore, you can rest assured that if you choose either of them, your cryptocurrencies will be in good hands.

1. Trust Wallet

Trust wallet is the best mobile crypto wallet for those who are looking for security and convenience. It is a Hierarchical Deterministic (HD) wallet that supports multiple currencies, including Ethereum and all ERC20 tokens.

It is also integrated with ShapeShift and Changelly, which allows you to easily convert between different cryptocurrencies. Moreover, it has a built-in Web browser that allows you to explore the decentralized web (DApps).

Pros

• Secure: Trust wallet uses industry-leading security practices. Your private keys are stored locally on your device and never leave it.
• Convenient: The user interface is very intuitive and easy to use. You can easily manage your cryptocurrencies, make transactions, and explore the decentralized web.
• Supported by a large community: Trust wallet has an active community of developers and users who are constantly working on improving the wallet.

Cons

• Susceptible to attacks: Trust wallet is a hot wallet, which means it is connected to the internet and therefore susceptible to hacks.

2. MetaMask

MetaMask is a mobile wallet and Web3 browser that allows you to run DApps without having to download the blockchain. It also allows you to interact with the Ethereum network and make transactions without having to use an Ethereum client like Geth or Parity.

Pros

• Easy to use: You don’t need prior experience with blockchain or Ethereum to use MetaMask. The user interface is very intuitive and easy to use.
• Secure: MetaMask uses industry-leading security practices to keep your private keys safe. Your private keys are stored locally on your device and never leave it.

Cons

• Only supports Ethereum: MetaMask only supports Ethereum and ERC20 tokens. If you want to use other cryptocurrencies, you will need to use a different wallet.
• Hot wallet: MetaMask is a hot wallet, which means it is connected to the internet and therefore susceptible to hacks.

3. Jaxx Liberty

Jaxx Liberty is one of the most popular cryptocurrency wallets with millions of users. It is a Hierarchical Deterministic (HD) wallet that supports over 90 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dash.

It is also integrated with ShapeShift and Changelly, which allows you to easily exchange between different cryptocurrencies. Moreover, it has a built-in news feed that keeps you up to date with the latest cryptocurrency news.

Jaxx Liberty is available on Android, iOS, Desktop (Windows, Mac, and Linux), and as a Google Chrome extension.

Pros

• Customer service within the app: Jaxx Liberty has a built-in customer support chat feature that allows you to get help from a human if you need it.
• Beginner-friendly: The user interface is very intuitive and easy to use. You can easily manage your cryptocurrencies, make transactions, and exchange between different currencies.

Cons

• No direct support for NFTs: Jaxx Liberty does not have direct support for NFTs. However, you can still use them by using the Ethereum wallet.
• A limited number of cryptos: Jaxx Liberty only supports 90 different cryptocurrencies. If you want to use a less popular cryptocurrency, you will need to use a different wallet.

4. Edge

Edge is regarded as one of the best mobile wallets for cryptocurrency. It is available on Android and iOS devices. It is a non-custodial wallet, which means that the user has full control over their private keys.

This wallet makes security a priority, as it uses multiple layers of security, including a PIN code, SSL encryption, and two-factor authentication. Edge also offers a backup feature, which allows users to recover their funds if they lose their device.

Pros

User control of private keys: You have full control over your private keys, and no one else can access them.

• Beginner-friendly interface: The Edge wallet has a user-friendly interface, making it a great option for those new to cryptocurrency.
• Lightweight: The Edge wallet is lightweight and doesn’t take up much space on your device.

Cons

• No web or desktop interface: There is no web or desktop interface for the Edge wallet, so you can only access it from your mobile device.
• Cannot hold fiat currency: The Edge wallet cannot hold fiat currency, so you’ll need to use a different wallet if you want to store your government-issued money.

5. Mycelium

Mycelium is another popular mobile cryptocurrency wallet. It is available on Android and iOS devices. Mycelium is a Hierarchical Deterministic (HD) wallet, which means that it provides each user with a unique seed phrase.

It is a reproducible app, which means its original code can be audited by anyone. Mycelium also offers a Local Trader feature, which allows users to buy and sell cryptocurrencies in person.

It allows for integration with hardware wallets, such as Trezor and Ledger. This adds an extra layer of security, by allowing users to store their private keys offline.

Pros

• Well established: Mycelium has been around since 2013 and is one of the most well-established mobile wallets.
• Reputable team: The Mycelium team is composed of experienced developers.
• Secure: Mycelium uses multiple layers of security, including a PIN code and two-factor authentication.

Cons

• No web interface: Even though Mycelium is a well-established wallet, it does not have a web interface.
• Email-only support: Mycelium only offers email support, and doesn’t have a live chat or phone number that you can contact them on.
• A limited number of coins: Mycelium only supports a limited number of coins, including Ethereum, Bitcoin, and a selected number of ERC-20 tokens. This might not be enough for some users.

6. Tezro

Any list of top mobile crypto wallets isn’t complete without Tezro – one of the most popular and well-known mobile wallets.

Tezro uses state-of-the-art security features, such as SSL and two-factor authentication, to provide users with a secure experience. It also offers a host of other features, such as support for multiple languages and a built-in exchange.

What makes Tezro stand out is its disruptive messaging technology. This allows users to communicate and transact directly with each other through chat.

Pros

• High security: With features like two-factor authentication and SSL, your coins are safe with Tezro.
• User-friendly interface: The Tezro wallet is designed to be user-friendly, even for beginners.
• Resourceful: There is a comprehensive blog section that is regularly updated with valuable content.
• Non-custodial: This means that you are the only one who has control over your funds. There is also a loan service that you can use to borrow or give crypto to your friends or family.
• Compatibility: Regardless of the size of your mobile device, you can use Tezro with Android, iOS, Windows, and Mac.

Cons

• Relatively new: Even though Tezro is a renowned wallet, it’s still relatively new to the mobile space.

7. Exodus

Exodus is a mobile wallet that offers support for more than 180 different cryptocurrencies. This makes it one of the most versatile wallets on the market. The wallet is free to download and use, and offers a number of features that make it the best crypto wallet for mobile.

It boasts a simple, easy-to-use interface that makes it perfect for beginners. It uses a non-custodial framework, which means that your private keys are never stored on Exodus servers. Instead, they are stored locally on your device. This makes it one of the most secure wallets available.

It also offers a number of features that make it perfect for more advanced users. These include support for multiple accounts, and the ability to set up custom transaction fees. Exodus is also one of the few wallets that offer support for ShapeShift, which allows you to easily exchange between different cryptocurrencies.

Pros

• Privacy: Exodus doesn’t require KYC (know your customer) information and stores all data locally on your device.
• Setup: Once you download the app, setting up your wallet is simple and only takes a few minutes.
• Ease of Use: The Exodus interface is clean and easy to use, even for beginners.
• Integration to Defi and exchanges: Exodus integrates with popular Defi protocols such as Compound, MakerDao and dYdX.

Cons

• No custom network fees for altcoins: When sending altcoins, you’re stuck with the network fee that Exodus sets. This is usually higher than other wallets.

8. Coinbase Wallet

Coinbase Wallet is one of the most popular mobile crypto wallets available. It is developed by Coinbase, one of the largest and most well-known cryptocurrency exchanges. The wallet is free to download and use, and offers a number of features that make it one of the best mobile crypto wallets.

It supports over 44,000 different cryptocurrencies. This makes it one of the most versatile wallets available.

It also offers a number of features that make it perfect for beginners and more advanced users. These include a built-in exchange, a user-friendly interface, and support for multiple languages.

As a non-custodial wallet, Coinbase Wallet also offers users a high degree of security. Private keys are stored on the user’s device and are never shared with Coinbase or any third party.

Pros

• Only charge network fees: Coinbase Wallet doesn’t charge any fees to send or receive cryptocurrency. You will only be charged network fees by the blockchain you’re using.
• Access to decentralized applications: With Coinbase Wallet, you can access the growing ecosystem of decentralized applications (dApps) across various blockchains.

Cons

• Not open source: Coinbase has not made the source code for their wallet available to the public. This means that it’s impossible to independently verify the security of the wallet.
• History of bad customer service: Coinbase has a history of poor customer service. This includes long wait times for customer support and issues with account verification.

How To Choose The Best Mobile Crypto Wallet?

Below are some tips to help you choose the best mobile crypto wallet for your needs.

Consider Your Needs

It doesn’t make sense to have a wallet that supports hundreds of different cryptocurrencies if you only plan on using one or two. On the other hand, if you’re an active trader, you’ll want a wallet that supports as many different assets as possible.

Think about what you need from a wallet and then find one that meets those needs.

Check The Security Features

One of the most important things to look for in a mobile crypto wallet is strong security features. This includes things like two-factor authentication, biometric locks, and support for hardware wallets.

Ensure that the wallet you choose has robust security features that will protect your coins in case of loss or theft.

Look For A User-Friendly Interface

Another important thing to look for in the best mobile crypto wallets is a user-friendly interface. The last thing you want is to struggle to use your wallet or not be able to understand how it works.

Make sure that the wallet you choose has an interface that is easy to use and navigate.

Consider Your Privacy Needs

When choosing the best mobile crypto wallets, you should also consider your privacy needs. Privacy features include things like support for Tor, Coin Join, and other privacy-enhancing technologies.

If privacy is important to you, make sure that the wallet you choose has strong privacy features.

FAQs About the Best Mobile Crypto Wallets

Below are some of the most frequently asked questions about the best mobile crypto wallets:

Which Mobile Crypto Wallet Has the Lowest Fees?

Tezro and Coinbase are two of the most popular mobile wallets and both have the lowest fees. This is because they allow you to trade directly from your wallet without having to go through a third-party exchange. Also, they only charge network fees, so you don’t have to worry about high transaction fees.

Which Mobile Wallet Supports the Most Coins?

Supporting over 44,000 different coins, Coinbase is one of the most popular mobile wallets that support a large number of coins. Tezro also supports all the major coins, so you can be sure you will trade with your favorite cryptocurrency. It also supports fiat currencies, so you can easily convert your coins to cash.

Which Mobile Crypto Wallet is Best for Beginners?

All the wallets outlined in this article are beginner-friendly, but Tezro, Mycelium, and Trust Wallet are some of the most user-friendly mobile wallets available. They have an intuitive interface and offer a wide range of features that are perfect for beginners.

Which Mobile Crypto Wallet is Best for Advanced Users?

If you are an advanced user, then you might want a mobile wallet that offers more features and options. Mycelium, Edge, and Tezro are all great choices for advanced users. They offer a variety of features that allow you to customize your experience.

Which Mobile Crypto Wallet is Safest?

Tezro and Coinbase are two of the safest mobile wallets available. They both have strong security features that protect your coins in case of loss or theft. They also offer a variety of privacy features that allow you to keep your information safe.

Is a Mobile Wallet Safer Than an Exchange?

Yes. But While mobile wallets are generally considered to be safer than exchanges, there is always a risk involved in storing your coins on any platform. Mobile wallets offer a variety of security features that can help protect your coins, but you should always take care to keep your information safe.

Final Thoughts

As mentioned, it’s often recommended to have a few different wallets for different purposes. For instance, you can have Tezro for your everyday transactions, Mycelium for more advanced features, and Coinbase for business purposes.

The most important thing is to find a wallet that meets your needs and offers the features you are looking for.

Check our blog section and keep updated with the latest crypto news and trends for 2023.

Want to Learn More?

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