TOP 6 BEST Crypto Wallets For 2025: Are Your Coins Safe??
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Coin Bureau
Crypto security begins with self custody - keeping your crypto off exchanges and in your own wallet....
Video Transcript:
is your crypto safe is it safe is it safe well the answer depends on where you're keeping it so if you're not sure which wallet will keep your crypto the safest this video is for you because today we reveal our top six crypto wallets for 2025 and some tips for keeping your crypto secure in each one of them my name is guy and stick around to find out which wallet is right for you now crypto wallets are typically classified as either custodial or non-custodial hot or cold storage software or Hardware if you're already familiar with what all of these terms mean then feel free to use the timestamps in the description to skip ahead but if you're not familiar let's break it down so custodial wallets refer to accounts with third parties who hold your crypto on your behalf typically on centralized exchanges if history is anything to go by this is the worst possible way of storing crypto if something happens to the exchange it can prevent you from accessing your funds as such you should not keep any crypto on an exchange for longer than is strictly necessary the opposite is non-custodial wallet which are somewhat confusingly also referred to as self- custody wallets this is the bare minimum of safe crypto storage a wallet that places custody of your crypto in your hands and your hands only as we always say not your keys not your crypto now non-custodial wallets can be either hot or cold storage and relatedly software or Hardware in wallet terminology cold and hot simply mean whether or not a wallet is connected to the internet Cold Storage means storing crypto offline typically in a hardware wallet so it follows that hot wallets are software usually mobile applications and browser extensions that are connected to the internet when it comes to Security even the safest hot wallet in the world can't compete with any cold wallet just by virtue of being connected to the internet hot wallets are vulnerable to all manner of hacking malware fishing attacks and so on but if you store the information needed to access your crypto offline then the threat is as good as gone it really is that simple I mean who can drain your wallet if it's just a lump of plastic and metal that you keep in a safe nobody far away that's for sure of course you could be physically coerced but well we're still narrowing it down quite a lot here so a hardware wallet is the most essential component of any crypto portfolio that you're planning on holding for more than the short term but since it's so important does this mean we need to buy the most expensive wallet possible this is a good question and the answer is absolutely not nowadays you can find expensive Hardware wallets with touch screens and various new features giving them a more premium feel than the Spartan USB stick style devices you may be used to but frankly a high-end Hardware wallet is usually no colder than the cheapest model and this is what really matters really the whole point of Hardware wallets is that they are dumb devices that have only one job storing your private Keys offline the less sophisticated the device the fewer things there are that can go wrong and this is especially important when it comes to data transmission in recent years Hardware wallets with convenient Bluetooth features have hit the market only to be met with criticism that this adds an unnecessary new attack Vector for hackers and lo and behold in September 2024 a vulnerability in the Bluetooth protocol that affected bluetooth enabled Hardware wallets was disclosed manufacturers were quick to remind customers that only publicly available data and not private keys or recovery phrases are ever transported via Bluetooth so to be fair this wasn't the end of the world and any Bluetooth vulnerability shouldn't compromise wallet security per se but still this was a problem that the owners of simpler Hardware wallets didn't have to worry about just something to think on now we'll start our Roundup with the two ogs of the hardware wallet Market first up is the market leader and largest manufacturer of Hardware wallets worldwide Ledger now the the company was founded in Paris in 2014 and has since sold millions of wallets to hodlers around the world since our last wallet Roundup video back in 2023 Ledger's lineup has doubled from two models to four now priced from $79 up to $399 the newer devices are Ledger stacks and Ledger Flex both are high-end Hardware wallets featuring touchscreens that make them look more like miniature smartphones than traditional Hardware devices we'll get to them in a moment but first Ledger Nano series these older more affordable wallets are the Bedrock of Ledger success their USB stick s Vibe is a little less exciting but that's kind of the point because if somebody sees you holding an unusual and premium looking mobile device with a touchcreen they might ask you hey what's that by contrast few people will notice your Ledger Nano at all let alone suspect that it's not a USB drive but actually a private bank containing a vast mcoin Fortune so if you keep your Hardware wallet on your person and for some reason have to use it around other people then you'll come to appreciate the discreetness of Ledger's Nano wallets there are two models in this series the Nano s+ and the Nano X the former being the most affordable entry level model the Nano X is slightly larger but the two models are otherwise very similar they both share the same 1. 09 in monochrome OLED display and but Buttons used to scroll through the display to execute commands both models share the same plastic and stainless steel construction and both support the same range of thousands of coins tokens and nfts and dozens of thirdparty wallets there are a few key differences though and we think the most important one is IOS support you can conveniently manage the crypto secured on your Ledger via desktop or The Ledger live mobile app and both Nano models support Windows Mac OS Linux and Android however only the Nano X supports iOS so if you're an iPhone user you're basically forced to go for the significantly more expensive Nano X notably the Nano X can connect to your smartphone via Bluetooth as I mentioned earlier only publicly available information is ever transmitted by Bluetooth so your private keys and Recovery phrase are safely siloed away now Wireless communication between your Ledger and smartphone is a very big Plus in terms of convenience but if this makes you paranoid then perhaps the Dumber Nano s+ is a better option for you moving on and one of the main selling points of all ledger wallets is their secure element a tamper resistant chip designed to Silo your private Keys away from the wallet's main processor all but one of Ledger's current lineup boast a secure element that is certified ccal 6 plus this is the common criteria evaluation ation Assurance level indicating the extent to which a product's security assurances have been verified now without going into too much detail level 6 Plus is the second highest possible guarantee that the system's principal security features are reliably applied interestingly the one Ledger wallet that does not have the eal 6 Plus rating is not the entrylevel Nano s+ but the more expensive Nano X this model is rated ccal 5 plus this by itself is not an indication that the Nano X is any less secure than other ledgers however it implies that the Nano X's security assurances have been less extensively verified make of that what you will now if the Nano devices aren't up your street and you're not especially price sensitive then Ledger's newer stacks and flex models may be a better choice for you the credit card size Stacks is the flagship high-end model that costs five times as much as a nan s+ for your money you are getting exactly the same AB to secure your crypto in Cold Storage but with the added bonus of an elegant 3. 7 in curved touchcreen this makes it possible to review and sign transactions directly on your Ledger device also if you download The Ledger security key app to your mobile device the stacks can be used for password free logins to popular websites and applications via NFC so if manually managing passwords is not your cup of tea this may appeal to you Ledger says that the stacks can last on standby status for days and you can get up to 10 hours of use on a single charge unless you plan on fiddling with your Ledger for hours at a time you probably won't need to charge this thing very frequently when you do charge it the stack supports wireless charging with up to 10 watts and finally we have The Ledger Flex this is Ledger's newest model and it sits between the Nano series and the stacks the flex is functionally very similar to the stacks they share the same industry-leading secure element advertise the same battery life and support the same range of thousands of assets they both support Windows Mac OS Linux Android and iOS and feature USBC Bluetooth and NFC connectivity the key differences are that the flex has a 2.
84 in flat plastic screen compared to the stax's 3. 7 in curved gorilla glass screen and flex does not support wireless charging it's hard to go wrong with any of Ledger's wallets because the core functionality securely storing your private Keys offline is identical for each of the four models the most expensive model is no colder than the cheapest so if you are on a budget a ledger Nano S Plus or Nano X should serve you very well if you have the money to spend and convenience is important to you then by all means check out the stacks and flex models you'll most likely enjoy using your Ledger more if you opt for a more expensive model but the question question is is it worthwhile paying five times more for the same level of security the answer will depend on your budget and where when and how often you intend to use your wallet from our perspective The Ledger Nano X is a very solid option combining the discrete USB like design with the convenience of wireless connection to your smartphone and if you don't have a ledger device yet then there's no better time than now so check out our deals page below where you will find links to all of The Ledger devices just mentioned okay okay the next entry on our list is trasor a company even older than Ledger if you can believe that founded in Prague in 2013 Tresor pioneered Hardware wallets with a design ethos that is quite different to ledgers Ledger wallets run on a proprietary closed Source operating system and all claim a security Advantage from their secure element by contrast not all treel wallets have a secure element specifically the entry-level model one does without this additional Hardware wall Safeguard this makes the wallet security more dependent on the software having airtight code with no vulnerabilities but then how can we trust such a wallet with our private keys well as usual the answer is don't trust verify this is where trezor's Competitive Edge comes in its software is entirely open source meaning that anyone is free to go through its code base with a fine- toothed comb and try and find something wrong with it and when all of your code is on display for all the world to see any vulnerabilities are all but guaranteed to be quickly discovered clearly plenty of people are satisfied that the code is solid because Tresor is one of the world's leading manufacturers of Hardware wallets the company's transparency First open- Source ethos is important to many in the crypto Community this was demonstrated after a ledger PR disaster in 2023 a new opt-in service that allowed users to back up their private seed from ra directly to their personal identity was received very poorly particularly because the code path to send private key material over the internet was indiscriminately added to all ledger devices in a firmware upgrade this left some skeptical about Ledger's claim not to have any software back door into customers wallets had Ledger's code been fully open source there would be no need to take their word for it now one other security feature unique to Tresor is the Shamir backup this is an advanced recovery option that allows you to split your recovery seed into multiple Keys you can distribute these among trusted friends or locations and to recover your wallet you'll need a threshold number of these keys so for example you can split the seed into five keys but require three to recover your assets this ensures that even if one or two keys are lost or compromised your funds remain safe the Shamir backup is available on all models except the model one now trezor's wallets are more competitively priced than ledgers starting at around $49 for the model one and $169 for the top-of-the-line trasor safe 5 model trezor's website is currently advertising the $79 treasure safe 3 as the middle option completing a three model lineup if you investigate all products and accessories you'll find there are additional models specifically BTC only versions of the safe 3 and and say 5 as well as the older mid-range Model T the latter was released in 2018 costs $129 and has a color touchcreen the safe 3 was released in 2023 cost $79 and unlike the Model T it has an eal 6 Plus rated secure element the trade-off is that the safe 3 has a monochrome OLED screen now since the most important property of any hardware wallet is its security we think the safe through is a much better option in this mid-market price range if you're desperate for a color screen and looking at a Model T consider dropping another $50 for the top-of-the-line safe five this was released in 2024 costs $179 and has both a color touchscreen and an eal 6 Plus rated secure element it's also protected from scratches by Gorilla Glass and has a haptic feedback engine which doesn't make your crypto safer but is still a nice touch if you're still pre-rich then trezor's lineup is very competitive all of the newer models include a secure element with the same rating as the much pricier Ledger wallets and they have the benefit of open-source code however you might find asset support and software to be a little wanting at the time of making this video Tresor supports around 1,500 cryptos compared to ledgers 5,500 depending on your portfolio this could be a deal breaker so before you make any decision be sure to check whether the cryptos you're hodling are supported by your choice of wallet trezor's mobile app enables you to monitor balances sync portfolios and receive crypto but notably not execute transactions that's right you cannot send crypto from your treasure using this app you have to use the desktop version for that ledger mobile app meanwhile allows you to send receive and even stake your crypto not to mention connecting to daps just like you would with a mobile wallet as such treasure wallets are best suited for crypto you don't intend on touching for a long time if you're actively using your crypto in any sense then a ledger wallet will make your life much easier and while we're on the topic of user experience it's worth pointing out that treasur model 1 uses a micro USB to usba Cable whereas just about every other wallet on the market now is using USBC so if you are using say a recent Mac OS computer then you won't be able to connect a model one without a USBC to a dongle and yes we also have a link to Tresor devices on the coin Bureau deals page remember the link is down below now having one or more Hardware wallets is the best way to keep your crypto secure particularly if you have a straightforward Buy and Hold strategy and a longtime Horizon but let's face it most of us spend far more time using software wallets AKA hot wallets be browser extensions mobile apps or God forbid a centralized exchange account compared to Hardware wallets the barriers to developing and distributing software wallets are much lower consequently there are tons of software Wallets on the market some more reputable than others that's why it's so important to be Discerning when choosing which one to use I'll walk you through my top four software wallets but before we start comparing I'll point out that the best choice is really all of them it goes without saying that having all your eggs in one basket is not the best security practice especially when you can download more baskets for free so do consider spreading your hot storage Holdings across several different wallets and lastly a word of warning before you download any software wallet you must make sure the device you're using is itself secure if you're using a computer or phone compromised by malware say key logging software then no wallet will be safe to use on on that device we'll assume that you are using best security practices to ensure this doesn't happen to you also make sure you're downloading the legit version of that Wallet be especially careful of sponsored links in places like the App Store and Google Play Store these can often be fake versions of the app you're searching for so never download from a sponsored link always scroll down to the official link now the first software wallet I'll recommend is Exodus Exodus is a real OG of the software wallet Market having been founded in Nebraska in 2015 this makes it even older than Granddad metamask and fun fact the company behind Exodus recently listed on the New York Stock Exchange becoming the first wallet only crypto company to go public in the United States and the team behind Exodus have been building nonstop pushing wallet updates every 2 weeks for the last decade exodus's mission statement is quote to make it fun and easy to learn and use cryptocurrency no technical talk no confusing steps and you can see this ethos in the wallet's design on both mobile and desktop exodus's user interface is intuitive clear and Sleek inside the wallet you have a customizable dashboard where you can see live market data and the latest crypto news headlines we haven't seen a news feed in too many other wallets so this is a nice touch asset support is also good Exodus can store more than 100,000 cryptos across 50 different blockchains with more being added all the time you can buy sell Swap and stake cryptos all from within your wallet which is very convenient although all of these features are standard in most good wallets nowadays as a rule of thumb buying selling and swapping crypto in wallet is almost never the best bang for your buck you'll paying fees to the wallet provider in this case Exodus on top of transaction gas fees and importantly crypto wallets give you only a limited view of crypto prices past and present if you want a convenient way to DCA into crypto without agonizing over what prices you'll buy and sell at then by all means buy sell and swap in your wallet for everyone else though this is a rather expensive option crypto exchanges and Candlestick charts exist for good reason so if you don't yet have an account on a centralized Exchange you can watch this Roundup of our favorites and if you want to make an account with one of them then be sure to check out the coin Bureau deals page where we have tens of thousands of dollars worth of exchange signup bonuses exclusively for our subscribers back to Exodus wallet though it is a pleasure to use and it works well but can it keep your crypto safe we'll let exodus's Flawless record do the talking here in its 10-year history the wallet itself has never suffered any hack exploit or vulnerability the we know about we know of only two complaints relative to exodus's security the first is that the wallet's code is only partially open source with some portions kept private we're always in favor of Open Source Code but Exodus says that this could invite malicious copying and pasting of its code by frauders the second complaint is that Exodus lacks integration with traditional third-party two-factor authentication methods AKA 2fa Exodus has explained that it doesn't want to rely on the security of third party applications nor email backups for that matter it's also a matter of privacy as Exodus doesn't want its wallet tied to users personally identifiable information this sounds cool but exodus's alternative to traditional 2fa methods is even cooler instead of sending a code to your email or using an app like Google Authenticator Exodus opted for Treasure yes that treasure thanks to a collaboration between the two companies not only can you complete Exodus 2fa on any treasure device you can also keep your Exodus wallet private keys in Cold Storage while managing your crypto in exodus's hot wallet this is great news if you own any trasor device because Exodus is free and your options for managing crypto in Cold Storage on mobile are otherwise quite limited okay the next hot wallet on our list is trust wallet now trust wallet was founded in California in 2017 with a stated mission to quote simplify and democratize crypto making it accessible to everyone 8 years later it's safe to say the team have made impressive strides towards this goal like most good software wallets trust wallet is free to download but unlike most competitors it's completely open source as such calling the wallet trust is a bit of a misnomer because there is no element of trust me bro involved here just like with treasur anyone is free to inspect trust wallet's code and come to their own conclusions about its soundness of course not everyone has the expertise needed to go sniffing out vulnerabilities in crypto wallet source code most of us will be relying on a publicly known track record and a community consensus about whether a wallet is safe or not in trust wallets case the track record is Flawless almost 8 years on from launch trust has no recorded history of suffering hacks exploits or vulnerabilities this has no doubt endeared it to its enormous user base trust wallet's official website claims that it is quote trusted by over 140 million people around the world which is amazing if true we imagine this could be the number of times the trust wallet mobile app and browser extension have been downloaded or perhaps the number of blockchain addresses associated with trust wallet users it's a little unclear but at any rate a lot of people are using this thing so how did the trust team do it well it's simple they built a secure approachable and easyto usee wallet for mobile and desktop that makes storing and managing assets on different blockchains as painless as possible so for example when you open your wallet all of your crypto Holdings are displayed in a single list no more manually switching between blockchains to try and find where you've left your wde in the Discover section you'll find a directory providing quick access to the most popular daps sorted by Chain the user interface is designed to make web 3 feel less like a fragmented collection of ecosystems and more like a seamless experience fun fact trust wallet was bought by binance in 2018 but you'd never know it trust is no corporate sellout and it has thankfully retained its independence and autonomy from binance still being owned by the world's biggest crypto exchange doesn't hurt with support for over 100 blockchains and access to 10 million crypto assets and nfts Trust wallet's user-friendly mobile app and browser extension will meet your needs for buying swapping storing staking and and managing all but the most obscure cryptos okay next up Phantom what began as a stylish and cute salana wallet turned into a gateway drug that onboarded millions of speculators to crypto during bounce of mcoin mania Phantom is now to salana what metamask is to ethereum the default option for newcomers to the blockchain but unlike metamask Phantom is also the default choice for trench dwelling veterans there's not really really any graduating from Phantom going on and that's probably because it's a great wallet both on mobile and as a browser extension it's worth noting that the explosion inactivity on salana over the last year or so has not been accompanied by waves of competitor wallets trying to take Phantom's place this contrasts quite starkly with ethereum where there are many worthy competitors to metamask now like trust wallet Phantom was founded in California but rather more recently in 2021 to be exact this makes Phantom one of the newer Wallets on our list and if you've ever tried using it you can tell it belongs to a more recent generation of wallets than the likes of trust wallet or metamask this is partly because of the Slick intuitive and approachable user interface and partly because Phantom is so Snappy and responsive this speed is admittedly as much thanks to salana as to Phantom itself but it makes for a great user experience nonetheless just so long as Sal itself doesn't start choking up from Network congestion of course in fact the wallet is such a pleasure to use that you may find yourself using the convenient token swap function more than is sensible considering the rather High 0. 85% fee Phantom charges on top of gas apart from that one of the things I appreciate about Phantom is the banner in the middle of the home screen that provides helpful updates on the wallet's features and happenings in the salana ecosystem that might not sound exciting now but you'll certainly appreciate it when you open your wallet to find a message telling you you're eligible for a new airdrop that you weren't even aware of this airdrop notification is an especially valuable feature Because the Internet is a wash with malicious links to fake airdrop scams in general you should never click on any airdrop related link you see on social media it's not worth the risk when you could get a verified link from a source that is definitely not trying to scam you like Phantom another nice feature in Phantom is the ability to create a unique onchain username that you can use in place of a wallet address this makes the experience of sending and receiving crypto feel far more personal and less furtive we grizzled veterans may be used to seeing convoluted wallet addresses all day but for newcomers this might not be the most inviting user experience possible so hats off to Phantom for bringing a more personal touch to crypto wallets now Phantom may have cut its teeth on salana but it has since become a multi chain wallet you're now able to import evm and polygon wallets including via Ledger into phantom for easy management all in one place Bitcoin fans will be pleased to learn that Phantom also supports BTC tap rout and Native segret an integration with sui is also imminent however if you're looking for a wallet compatible with more chains than this you'll have to look elsewhere trust wallet is Superior in this regard now unfortunately Phantom is not open source so there is an element of trust me bro involved however its code has been independently audited by the cyber security firm cadel there have been no recorded hacks in Phantom's history but if you can find a vulnerability that may cause users to lose money then Phantom will pay you up to $50,000 under a bug Bounty program they can afford this thanks in no small part to a recent $150 million series C raise which also saw the company valued at a not too shabby $3 billion the future for Phantom looks bright so if you don't have a phantom wallet yet you must be new here because it's basically a musthave last but not least we have coinbase wallet first launched as Toshi in 2018 coinbase thought better of it and changed the name to the rather more boring coinbase wallet within a few months naturally this wallet benefits from having a very well-resourced company developing it and as you would expect coinbase wallet is SLI well-designed and easy to use it's available as a mobile app and as a browser extension last year coinbase also released its new smart wallets now these are an interesting Innovation but not the same thing as coinbase wallet smart wallets make it easier for developers to onboard new users to crypto by generating wallet addresses using only a cloud-based or Hardware Pass key that means no private seed phrase and no separate Wallet app nor browser extension all of this is possible through account abstraction which is some of the coolest Tech to hit web 3 in a while it's a big deal for developers but not so much for our purposes yet as I mentioned smart wallets are not to be confused with coinbase wallet even if you do make a smart wallet you can't access it from the coinbase wallet mobile app or browser extension so turning to the coinbase wallet itself whether you're using it via the mobile app or browser extension it offers a secure user-friendly platform for storing and managing your crypto on bitcoin ethereum salana Dogecoin Litecoin and all evm blockchains like other good wallets you can buy sell Swap and stake crypto all from within your own wallet and like Phantom coinbase wallet also has a banner displaying ecosystem updates and verified links to check eligibility for airdrops on its home screen now if you're a regular user of the coinbase exchange then coinbase wallet is a very conven venient choice you can transfer assets between your coinbase account and wallet without the need to copy and paste wallet addresses or manually approved transactions and naturally coinbase wallet is a great choice for exploring coinbase's own ethereum layer 2 base like Phantom coinbase wallet enables you to create a unique username on chain called a base name that can be used in place of your wallet address for certain transactions now we were interested to learn of the fees coinbase charges for registering base names they're priced based on name length starting at a negligible 0.
001 eth for names of 10 characters or more and reaching an eyering 0.