Crypto wallets are software wallets that store cryptocurrency. Crypto wallets provide users with a reliable and typically non-custodial application in which they can store and manage all of their cryptocurrencies, as well as connect to decentralized applications.Compare the best Crypto Wallets for Mac currently available using the table below.
Best Bitcoin Wallets For Mac
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Cold wallets have no connection to the internet and come in some physical form, such as a hard drive or a piece of paper, making them the most secure wallets possible. Hot wallets, on the other hand, do have some form of an internet connection, which causes them to be more susceptible to security breaches.
In the case of cold wallets, the only way for your funds to be lost is if the wallet itself is either lost or stolen and no backup procedures have been put in place. Unfortunately, this superior level of security does not allow for your funds to be readily available for trading or commerce while away from your computer.
Cryptocurrencies like bitcoin have been around for more than a decade, but in the past few years they've moved beyond a niche investment to the mainstream. Companies such as Microsoft, Amazon, Starbucks, Whole Foods, Paypal, and countless others now accept bitcoin and other virtual assets as forms of payment.
If you're looking to invest in bitcoin or another cryptocurrency like ethereum or litecoin, you'll need to pick an exchange (e.g., Coinbase or Kraken) that offers such assets, as well as a "wallet" to store and secure your private key code for accessing your assets. But crypto exchanges aren't your only option; some investment apps let you buy crypto (SoFi Invest, Webull, and Robinhood all let you trade cryptocurrencies). We've compiled some of the best bitcoin wallets for storing your private key code below.
Why it stands out: Exodus offers cryptocurrency exchange services for desktop, mobile, and hardware crypto wallets. Exodus' account features also include a multichain web3 wallet, live charts and portfolio data, 24/7 customer support, a built-in exchange, and more than 245 cryptocurrency assets.
You can also buy commission-free cryptocurrencies like bitcoin, solana, and others with USD, EUR, and GBP. Plus, you can also manage your assets using both Exodus and Trezor, another popular bitcoin wallet. You don't need to use multiple wallets, but some users might prefer having multiple wallets as an additional security measure for their assets.
Why it stands out: Launched just two years after bitcoin was created, Electrum specializes in private key encryption and two-factor authentication. Like Exodus, Electrum is a hot wallet that gives you online encryption for your crypto information.
Electrum verifies that all of your bitcoin transactions are in the bitcoin blockchain, and its Multisig feature allows you to spend bitcoin between multiple wallets. Electrum also supports other wallets, including Ledger, Trezor, and Keepkey.
What to look out for: Electrum doesn't offer traditional phone customer support. However, the company provides helpful information in its documentation and FAQ sections, it offers a Reddit support page, and it allows you to ask questions on bitcointalk.org. Another thing to note is that, while Electrum supports other wallets, it only allows for bitcoin transactions. This may be a downside for those interested in exploring other cryptocurrencies.
Why it stands out: Based in Luxembourg, OPOLO provides its own free and encrypted hardware wallets that utilize EAL 6+ rated secure chips (EAL certifications are security certifications used for hardware wallets). This means you'll be able to store any crypto assets offline. OPOLO also says it offers genuine device check, USB encryption, anti-theft protection, PCB encapsulation, randomized keyboard access, and virus-free usage.
You can set up bitcoin wallets, ethereum wallets, or take advantage of more than 120 other coins. As for tokens (these are also virtual assets, but unlike coins, they're formed through blockchains that have already been created), OPOLO currently offers more than 280,260. And thanks to the company's security measures, its bitcoin hardware wallet allows you to backup and recover any assets.
What to look out for: Keep in mind that the OPOLO mobile app is best for Android users. If you don't have an Android phone, you can still download the OPOLO hardwallet on your desktop or laptop. With Android app, however, you'll be able to exchange cryptocurrencies from your phone.
Why it stands out: Formed in 2008, Mycelium is another popular bitcoin wallet that offers a wide range of storage services. Among these are advanced cold storage, spending and savings accounts for bitcoin investors, and inter-wallet operability. The Foundation for Interwallet Operability (FIO) created inter-wallet operability to make it easier for crypto holders to send or receive coins across different blockchains or wallets).
In addition, you can download Mycelium for free, and the company's wallets allow for open-source, incognito use. Mycelium's wallets are also reproducible, and the platform is compatible with Trezor, Ledger, and KeepKey hardware wallets.
Why it stands out: Though it formerly offered hardware wallets through Cobo Vault, Cobo transitioned to provide a digital Cloud wallet for its users. The app offers support for more than 60 coins and more than 1600 tokens, and both iOS and Android users can take advantage of these perks.
Why it stands out: Available on Mac, Windows, Ubuntu, and Linux desktop devices, Wasabi is a free hot wallet that offers open-source, non-custodial storage for bitcoin investors. Wasabi also offers trustless CoinJoin transactions that allow you to merge your coins with other users in one transaction to prevent third-parties or hackers from tracing where each coin came from, according to its website.
Why it stands out: With Shift Crypto's BitBox02 hardware wallet, you can store your crypto private key and manage any assets offline through an external chip. The first version of the BitBox02 wallet supports bitcoin, ethereum, litecoin, and more than 1,500 other cryptocurrencies.
But Shift Crypto also provides a bitcoin-only edition. This version could be a great fit for you if you're only looking to store bitcoin. It relies on bitcoin-only firmware and offers compatibility with the BitBoxApp, Electrum, Specter, Sparrow, and Wasabi.
Why it stands out: CoinKite makes several crypto hardware wallets that offer external security for crypto investors, but its bitcoin-only coldcard wallet could be particularly suitable for bitcoin-focused traders. It signs your crypto transactions to keep your private key offline.
We also considered a number of other factors, including customer support access, bitcoin features, wallet custody, educational resources, and wallet compatibility. Some crypto wallets are compatible with other storage platforms. For instance, Mycelium currently supports Trezor, Ledger, and KeepKey hardware wallets.
Cold wallets also give you a secret key which you can use to recover your funds if you lose your wallet. This is often a sequence of words such as the example below which you can use to regain access to your money.
As with the cryptocurrency industry, the market for crypto currency wallets is still quite immature at this time and there will probably be many new wallets that emerge and current wallets that disappear over the next few years.
The Nano Ledger S is a super secure, slick cold bitcoin wallet which can also store many other alt coins. It uses a secure OLED display to secure transactions with a tap on its side buttons.
If you want to invest in cryptocurrency, you should invest in a wallet. That noted, if you're just dipping a toe, services such as PayPal and Robinhood allow you to buy a coin or fractions of a coin and store it on their servers. These are custodial wallets, however, where you don't hold the private key. We recommend noncustodial wallets for long-term cryptocurrency users and investors."}},"@type":"Question","name":"How much money do I need to open a crypto wallet?","acceptedAnswer":"@type":"Answer","text":"It depends. Hardware-based wallets generally cost between $100 and $200, though many software-based wallets are free. Most don't require you to actually own any cryptocurrency.","@type":"Question","name":"Which wallet is best for beginners?","acceptedAnswer":"@type":"Answer","text":"If you've never used cryptocurrency before, we recommend Coinbase Wallet. Coinbase is a well-known, US-based crypto exchange that's easy to use, and it works well with Coinbase Wallet.","@type":"Question","name":"Which wallet is best for advanced users?","acceptedAnswer":"@type":"Answer","text":"Today's cold storage wallets can be quickly and easily connected to the internet for fast transactions, so most advanced users nowadays are probably most interested in a cold storage wallet. The hardware wallets sold by Ledger and Trezor are both good options. ","@type":"Question","name":"What are the risks?","acceptedAnswer":"@type":"Answer","text":"Cryptocurrency is subject to far less regulation than conventional investments and securities. While the lack of oversight is an attractive feature to some investors, it's important to know that bitcoin and other cryptocurrencies are highly volatile, experience dramatic price swings on a daily or even hourly basis and lack many of the protections of other forms of investment. The risks are significant.","@type":"Question","name":"Are assets in crypto wallets insured?","acceptedAnswer":"@type":"Answer","text":"While the companies offering crypto wallets may offer some guarantees to customers and users, the Federal Deposit Insurance Corporation does not currently insure digital assets like cryptocurrency. That noted, the environment is evolving and many government agencies, including the FDIC, are gathering information and considering legislation for the future. ","@type":"Question","name":"What's the safest crypto wallet?","acceptedAnswer":"@type":"Answer","text":"Cold storage wallets are generally thought of as a more secure way to store cryptocurrency when compared to a hot storage wallet. If you plan to store a large amount of coins or tokens for any length of time, we recommend using a cold wallet. 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_sf_async_config.sections = "news,crypto,personal-finance,update-frequency,commerce"; _sf_async_config.authors = "julian dossett"; _sf_async_config.contentType = "magnet_article"; var _sf_startpt = (new Date()).getTime(); window._cbq = (window._cbq []); !function(t,baseUrl) window.CnetFunctions.onDOMLoaded(function() var c = []; var siteinterceptid = "ZN_bfKEXqBR8EloLWK"; var samplerate = "100"; var usezones = "yes"; if (usezones === "yes") c.push("Q_ZID="+siteinterceptid); else c.push("Q_SIID="+siteinterceptid); c.push("Q_LOC=" + encodeURIComponent(window.location.href)); window[siteinterceptid+"_ed"] = ""; window[siteinterceptid+"_sampleRate"] = samplerate; window[siteinterceptid+"_url"] = baseUrl + "?" + c.join("&"); if (Math.random() >= window[siteinterceptid+"_sampleRate"]/100)return; try if(!document.getElementById(siteinterceptid)) e=document.createElement('div'); e.setAttribute('id',siteinterceptid); document.getElementsByTagName('body')[0].appendChild(e); catch(e); var s = document.getElementsByTagName(t)[0]; var e = document.createElement(t); e.type = "text/javascript"; e.src = baseUrl + "?" + c.join("&"); s.parentNode.insertBefore(e, s); ); ('script', '//znbfkexqbr8elolwk-redventures.siteintercept.qualtrics.com/SIE/') window.CnetFunctions.logWithLabel('%c One Trust ', "Service loaded: script_qualtrics with class optanon-category-C0004"); !function() window.CnetFunctions.onDOMLoaded(function() window.setTimeout(function() var e = document.createElement('script'); e.type = 'text/javascript'; e.async = true; e.src = ('https:' == document.location.protocol ? ' : ' + 'www.lightboxcdn.com/vendor/2d0d6f08-6bcf-4d6e-b1ea-fe23d2a9c79f/lightbox_inline.js?mb=' + (new Date().getTime()); var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(e, s); , 500); ); () window.CnetFunctions.logWithLabel('%c One Trust ', "Service loaded: script_digioh with class optanon-category-C0004"); !function(w,d,t,u) var a=d.createElement(t); a.async=1; a.src=u+"?url="+encodeURIComponent(w.location.href)+"&ref="+encodeURIComponent(d.referrer); var s=d.getElementsByTagName(t)[0]; s.parentNode.insertBefore(a,s); (window, document, 'script', ' ') window.CnetFunctions.logWithLabel('%c One Trust ', "Service loaded: script_audigent with class optanon-category-C0004"); (function() if ('object' === typeof window.navigator.serviceWorker) if (window.CnetPageVars.services.service_worker && window.CnetPageVars.services.service_worker.enabled) // Register the global service worker here; others are registered by their respective managers. window.navigator.serviceWorker.register('/service-worker.js').then(function(registration) window.console.info('Registration of service worker /service-worker.js successful with scope:' + registration.scope); , function(e) window.console.error('Registration of service worker /service-worker.js failed:', e); ); window.knownServiceWorkers = ; window.knownServiceWorkers[window.location.origin + "/service-worker.js"] = true; window.knownServiceWorkers[window.location.origin + "/bundles/cnetjs/js/libs/ua-push-worker.js"] = true; try // This is experimental but supported by Chrome, Firefox, Edge, and Opera window.navigator.serviceWorker.getRegistrations().then(function(registrations) registrations.forEach(function(registration) ); ); catch (e) // Safari doesn't support fetching all registered SWs, so only known registrations can be explicitly unregistered. Object.keys(knownServiceWorkers).forEach(function(url) if (!knownServiceWorkers[url]) window.navigator.serviceWorker.getRegistration(url).then(function(registration) window.console.info('Unregistering service worker:', registration); registration.unregister(); ).catch(function(e) window.console.error('An error occurred while unregistering a service worker:', e); ); ); else if ('object' === typeof window.console && 'function' === typeof window.console.warn) // Don't break IE by calling this without checking the console exists first. window.console.warn('Service workers are not supported by this browser.'); )(); window.BidBarrel = window.BidBarrel ; window.BidBarrel.queue = window.BidBarrel.queue []; (function() !function(t,e)(this,(function()"undefined"!=typeof msCrypto&&"function"==typeof msCrypto.getRandomValues&&msCrypto.getRandomValues.bind(msCrypto),e=new Uint8Array(16);function n()if(!t)throw new Error("crypto.getRandomValues() not supported. See -not-supported");return t(e)for(var o=[],r=0;r if (!window.externalLink) let target = event.target.closest('a[data-component=externalLink]'); if (target) injectClickId(target); ); }); })(); Your guide to a better future 2ff7e9595c
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