Web wallets are wallets that are accessed through a web browser. They allow you to store, send, and receive cryptocurrencies. Additionally, some web wallets have built-in exchanges that allow you to buy and sell cryptocurrencies.
However, with so many web wallets available, it can be hard to choose the best one for you. All the available wallets use a host of marketing strategies to lure users into using their products, which further confuses the situation.
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This article will outline 10 of the best web crypto wallets. We will look at their features, benefits, and platforms they support to help you make an informed decision.
1. Tezro
Platforms supported: iOS, Android, Windows, Linux, and MacOS
Benefits and features:
We cannot talk about the best web wallet for cryptocurrency and not mention Tezro. It is a web wallet that has been around for a while and has built up a reputation for being one of the market’s most reliable and user-friendly options.
One of its key features is its multi-currency support, allowing you to store several different types of cryptocurrencies in one place. It has a clean and user-friendly interface, making it perfect for those new to the world of cryptocurrency.
It also has an inbuilt exchange, allowing you to convert between different cryptocurrencies easily without having to leave the wallet. Additionally, it is one of the few web-based wallets with instant messenger. This messenger uses disruptive technology to allow you to chat with other wallet users without revealing your identity. It also allows you to send and receive payments in crypto and fiat through chat.
In terms of security, this non-custodial wallet uses state-of-the-art security features such as two-factor authentication and SSL encryption to keep your funds safe.
Finally, it has a comprehensive blog and FAQ section that provides you with all the resources you need to learn about cryptocurrency and how to use the wallet.
2. Coinbase
Platforms supported: iOS, Android, Windows, Linux, and MacOS
Benefits and features:
Coinbase is one of the most popular cryptocurrency wallets. Created in 2012, Coinbase is one of the oldest web-based wallets available. It supports hundreds of thousands of cryptos, including all EVM-compatible blockchains and ERC-20 tokens.
Coinbase is a great option if you’re looking for an easy-to-use web wallet. The user interface is straightforward and simple to use. Coinbase makes it easy to get started even if you’re new to cryptocurrency.
Another great benefit of Coinbase is that it’s one of the most secure web wallets available. Coinbase stores 98% of customer funds offline in cold storage. They also offer a host of security features, such as two-factor authentication and a built-in password manager.
There is also an extensive insurance policy that covers customer funds in the event of a hack or breach. It is one of the few web wallets that are insured.
Coinbase Vault and Address Book are two other great features that make Coinbase the best web crypto wallet. Coinbase Vault is a storage option that allows you to store your funds offline in cold storage. The Address Book lets you easily keep track of all your cryptocurrency addresses.
One thing to note is that Coinbase has been known to be one of the most reliable web wallets when it comes to customer support. They offer 24/7 customer support via live chat, email, and phone.
3. Trust Wallet
Platforms supported: Android, iOS
Benefits and features:
Trust Wallet is another web wallet that has proven to be reliable and secure. It provides users with a simple and convenient environment to store their cryptocurrencies.
The user interface is simple and easy to use. The wallet is HD (hierarchical deterministic), meaning that your private keys are generated and stored securely. This makes it impossible for anyone to hack your account.
Multi-currency support is another great feature of Trust Wallet. It supports over one million different cryptocurrencies, including all ERC-20 tokens. It allows you to buy, sell, swap, and store your cryptocurrencies all in one place.
Trust wallet provides users with a validated proof-of-stake (PoS) certification. This certification allows you to stake your cryptocurrencies and earn rewards. It also allows you to participate in airdrops and other cryptocurrency events.
Another thing that makes Trust Wallet one of the best web wallets is its vast collection of Decentralized apps (DApps). DAapps are digital applications or programs that run on a decentralized network. They are usually open source and run on peer-to-peer networks.
DApps are becoming increasingly popular as they offer a more secure and efficient way to perform various tasks. Trust Wallet provides users with a convenient way to access and use DApps.
4. MetaMask
Platforms supported: Chrome, Firefox, Brave, and Edge.
Benefits and features:
MetaMask is a web wallet that allows you to store your cryptocurrencies in a safe and secure environment.
This wallet supports over 450,000 coins built on the ERC-20 standard, making it one of the most versatile web wallets available.
In addition, it supports NFTs (non-fungible tokens), making it perfect for those who want to invest in the burgeoning NFT market. It connects with markets such as OpenSea and allows you to buy, sell, or trade your NFTs with ease.
As a non-custodial wallet, MetaMask gives you full control over your funds and allows you to back up your data with a seed phrase.
This web wallet supports several blockchains, including BNB (formerly Binance Smart Chain), Polygon, Avalanche, and Tron.
One of the best features of MetaMask is its ease of use; it has a user-friendly interface that makes buying, selling, and transferring your cryptocurrencies a breeze.
You can create an account on Metamask without providing personally identifiable information such as your name or email address. This makes it perfect for those who value their privacy. MetaMask is a great web wallet for those who want to store their cryptocurrencies in a safe and secure environment.
5. Binance
Platforms supported: Windows, macOS, Linux, Android, iOS
Benefits and features:
If you are an advanced trader, Binance is the exchange for you. It offers a wide range of features and is constantly innovating. The platform supports margin trading with up to 125x leverage. There is also a staking program that allows you to earn rewards for holding certain coins on the exchange.
Binance has a built-in wallet that supports a wide range of cryptocurrencies. This wallet has a plethora of advanced features that make it the best in the business. The multi-sig capability is one of the most unique features. This allows you to have up to 16 different addresses that require multiple signatures to move funds. This makes it impossible for hackers to steal your coins even if they get access to your account.
SegWit and Bech32 address support ensure that you can send and receive Bitcoin without incurring high fees. The built-in wallet also supports Atomic Swaps, which allows you to trade directly with other users without going through an exchange.
Binance wallet allows you to set two-factor authentication. This is a security feature that requires you to input a code from your phone whenever you want to log in or make a transaction. This ensures that even if someone knows your password, they cannot access your account without your phone.
The Binance wallet is one of the most feature-rich and secure wallets available. If you are looking for a comprehensive solution, this is the wallet for you.
6. Luno
Platforms supported: Windows, macOS, Linux, Android, iOS
Benefits and features:
Luno is a popular Bitcoin and Ethereum wallet that is easy to use and beginner friendly. This wallet boasts of deep freeze storage, which allows you to store your private keys in an offline environment. Luno also offers a multi-signature feature, which adds an extra layer of security to your transactions.
The private keys in Luno are managed by Bitgo Custody, which is one of the most reputable and compliant digital asset custodians in the industry.
Luno stores passwords in a hashed form. This means that your password cannot be decrypted and used to access your account. You must also authorize each transaction with your unique PIN. This ensures that even if your device is lost or stolen, your funds will remain safe.
Luno integrates with ShapeShift, allowing you to easily exchange between Bitcoin, Ethereum, Litecoin, and other supported cryptocurrencies.
7. BitPay
Platforms supported: Windows, macOS, Linux, Android, iOS
Benefits and features:
BitPay is a non-custodial wallet with optional key encryption and multi-sig support. These features make it one of the most secure wallets on this list.
For enhanced security, this wallet uses multi-factor security. This is a great feature for those who are looking for an extra layer of security for their crypto holdings. You can split authorization to up to 12 devices or people. This makes it virtually impossible for someone to hack into your account.
Another great feature of BitPay is that it integrates with the BitPay Card. This card allows you to spend your crypto holdings anywhere that accepts Visa. You can also get cashback in BTC when you shop at select retailers.
Using the BitPay Card, you can make cashless payments through Apple Pay and Google Pay. You can even convert your crypto to fiat currency instantly.
This is a Hierarchical Deterministic (HD) wallet, which means that your BitPay wallet can be backed up with just one phrase. Therefore, if you lose your phone or device, you can still recover your funds.
8. Exodus
Platforms supported: Windows, macOS, Linux, Android, iOS.
Benefits and features:
Exodus is one of the best web-based wallets for a good reason. It supports over 150 assets and is one of the few wallets on this list that also supports Trezor hardware wallets.
This wallet has partnered with FTX Exchange, one of the largest cryptocurrency exchanges in the world, to offer a built-in trading experience. It has also partnered with the Lightning Network. This payment system works outside the Bitcoin network, which leads to faster and cheaper transactions.
Exodus also has a Exodus NFT Marketplace, which is a great way to buy, sell, or trade NFTs. This has been made possible by its partnership with Magic Eden.
You can use the wallet to stake your cryptocurrencies and earn rewards. The list of supported assets for staking is constantly expanding. It includes popular assets such as ATOM, TRX, and XTZ.
Exodus doesn’t have a Know Your Customer (KYC) policy, which means that you don’t have to go through a lengthy verification process to use the wallet. You don’t have to provide any personal information to create an account.
As a non-custodial wallet, Exodus doesn’t have control over your private keys. This means that only you can access your funds. The team has also implemented a number of security features to keep your funds safe. These include two-factor authentication and SSL encryption.
9. MyEtherWallet
Platforms supported: Windows, Linux, MacOS, Android, iOS
Benefits and features:
MyEtherWallet is a client-oriented wallet aimed at simplifying the process of interacting with Ethereum’s decentralized applications (DApps).
You don’t need to create an account or provide any personal information to use MyEtherWallet. All you need is a strong password and you’re ready to go. This makes it one of the most privacy-centric wallets on this list.
MyEtherWallet also gives you the option to connect to a hardware wallet like Ledger Nano S or Trezor. This adds an extra layer of security to your funds. Hardware wallets store your private keys on a physical online device that only you have access to. This makes them virtually impossible to hack.
The wallet has partnered with Bity, Kyber Network, Simplex, and Changelly to allow users to swap ETH and other cryptocurrencies directly from within the wallet.
On this wallet, private keys are stored locally on your device and never sent to any servers. This makes it nearly impossible for anyone to hack your account.
MyEtherWallet is open-source and audited by several independent security firms. Therefore, bugs are quickly fixed and new features are added on a regular basis.
The only downside of MyEtherWallet is that it’s a bit complicated for crypto beginners. But if you’re willing to put in the time to learn how it works, it’s definitely worth considering.
10. Atomic Wallet
Platforms supported: Windows, MacOS, Linux, Android, Desbian, Ubuntu, iOS, Fedora.
Benefits and features:
Atomic Wallet is a multi-currency wallet that supports over 500 cryptocurrencies.
The wallet is available for all major operating systems and also has a mobile version for Android devices.
One of the unique features of Atomic Wallet is its built-in Atomic Swap Exchange. This allows you to exchange cryptocurrencies directly from within the wallet without having to use a centralized exchange.
The wallet has a “Buy Crypto” feature that allows you to purchase cryptocurrencies with a credit or debit card. It accepts USD, EUR, and a hots of other local currencies.
Atomic Wallet is a Hierarchical Deterministic (HD) wallet. This means that it generates a new address for each transaction. This makes it more difficult for someone to track your activity.
Private keys are encrypted using a 12-word mnemonic seed phrase. This phrase is generated when you first set up the wallet and should be written down in a safe place. If you lose your device or forget your password, you can use this phrase to recover your account.
The wallet is also integrated with Changelly and ShapeShift. This allows you to swap cryptocurrencies directly from within the wallet.
How to Choose a Web-Based Crypto Wallet
There are a few factors to consider when choosing a web-based crypto wallet. They include:
- Security: This is the most important factor to consider when choosing a wallet. Make sure that the wallet you choose has a good reputation and is known for being secure.
- Privacy: If privacy is important to you, make sure that the wallet you choose doesn’t require any personal information to set up an account.
- Ease of use: Some wallets are more user-friendly than others. If you’re not tech-savvy, make sure to choose a wallet that is easy to use and has a good customer support team.
- Supported platforms: Make sure that the wallet you choose supports the operating system that you use.
Frequently Asked Questions
What Is A Web Wallet?
A web wallet is a cryptocurrency wallet that is accessible through a web browser. These wallets are convenient because they can be accessed from any device with an internet connection. However, they are also less secure than other types of wallets because your private keys are stored on a server that is controlled by the wallet provider.
Are Web Crypto Wallets Safe?
The safety of a web crypto wallet depends on the security measures that are in place. Make sure to choose a wallet that has a good reputation and is known for being secure. All the wallets outlined in this article are considered to be safe and secure.
How Does Web Wallet Work?
A web wallet works by storing your private keys on a server. When you want to send or receive cryptocurrency, the wallet will use your private keys to sign the transaction.
Your private keys are stored encrypted on the server, so only you have access to them. However, this also means that if the server is hacked, your coins could be at risk.
Key Takeaways
- A web wallet is available through popular browsers, sometimes included in extensions and toolbars of Chrome, Safari and Opera.
- These wallets keep your private keys on a server.
- The risk of these web apps is that your coins can be stolen if the server is hacked.
- Spread your assets through different wallets to keep them safer as possible.
Final Thoughts
There are many different web-based crypto wallets to choose from. The best wallet for you will depend on your individual needs and preferences.
So, no matter which wallet you choose, make sure that security is your top priority. After all, your cryptocurrencies are only as safe as the wallet you use to store them.
Remember to download Tezro app to keep your assets safe and take advantage of a fully encrypted text messaging app.
