Luis Clark
Luis Clark
Luis is a personal finance expert who has been passionate and writing about crypto for more than five years.
Table of Contents
    Add a header to begin generating the table of contents

    Which is the Best Crypto Wallet Australia 2023?

    ledger australia
    4.5/5

    Best Over-All

    Promo Code N/A

    T&Cs apply

    4.5/5

    Best wallet for advanced investors

    Promo Code N/A

    T&Cs apply

    4/5

    Best for mobile use

    Promo Code N/A

    T&Cs apply

    2.5/5

    Best desktop wallets

    Promo Code N/A

    T&Cs apply

    4/5

    Best for NFTs and DeFi Apps

    Promo Code N/A

    T&Cs apply

    3.9/5

    Best for staking and rewards

    Promo Code N/A

    T&Cs apply

    3.6/5

    Best for anonymous trading

    Promo Code N/A

    T&Cs apply

    4.8/5

    Top Australian exchange wallet for Storing 300+ Coins

    Promo Code N/A

    T&Cs apply

    4.3/5

    Best Australian Exchange to Store Top Coins

    Promo Code N/A

    T&Cs apply

    Best Crypto Wallet Australia? Our Opinion:

    It’s difficult to pinpoint the overall best in all features, no thanks to the diverse needs of Australian investors and the unique offerings of each crypto wallet. However, after careful research and detailed comparison, we discovered Ledger offers the most secure way to store cryptocurrencies. Securing assets and holdings is a top priority for every investor.

    Choosing the right crypto wallet is essential to crypto trading and investing. However, finding the best crypto wallets in Australia is more complex. There are many factors to consider, and some wallets offer more services, like staking and impeccable security than others.

    With that said, we have narrowed down the top cryptocurrency wallets in Australia and their features to help Aussies make the best choice.

    Best Cryptocurrency Wallets in Australia - List

    Cryptocurrency wallets are tools or devices for storing users’ assets. Investors need to select the best crypto wallet according to their requirements and important features, such as security, storage, user experience and pricing. Considering these factors, we’ve highlighted these 10 wallets as the best crypto wallets in Australia: 

    • Ledger Nano S: Overall best crypto wallet in Australia for experienced investors
    • Trezor: Best wallet for advanced investors
    • Trust Wallet: Best for mobile use
    • Exodus Wallet: Best desktop wallets
    • Zengo Wallet – Best for NFTs and DeFi Apps
    • Atomic Wallet: Best for staking and rewards
    • Coinomi: Best for anonymous trading
    • Swyftx Wallet: Top Australian cryptocurrency exchange wallet for Storing 300+ Coins
    • Independent Reserve Wallet: Best Australian Exchange to Store Top Coins

    Ledger Nano S Wallet - Overall Best Crypto Wallet In Australia

    ledger-wallet-australia

    Ledger is one of the most reputable crypto wallet service providers for Australians. Experts from the cryptocurrency and security industries found the French company in 2014. The company is renowned for its Ledger Nano S Plus and Ledger Nano X hardware crypto wallets.

    Nano S Plus is our overall best crypto wallet for Aussies for many reasons. The hardware crypto wallet is designed to store cryptocurrencies and non-fungible tokens (NFTs) offline securely. The wallet is an upgrade on the previous wallets from the company. The two preceding wallets, Ledger Nano S and Ledger Nano X, were criticised for low storage and high selling price, so Ledger built the Nano S Plus to address these concerns.

    The Ledger Nano S Plus is an ideal crypto wallet for experienced investors who prefer to secure their assets themselves. Unlike wallets provided by exchanges, users hold the keys to the Nano S Plus wallet and can manage access.

    Another reason the Ledger Nano S Plus is commendable is that it’s a more recent addition that addresses the needs of modern cryptocurrency investors and traders. It was released in April 2022 and comes with altcoins and Web3 support, a standout feature amongst crypto wallets today.

    Features

    Here are the top features of the Nano S Plus:

    • Supports up to 100 apps and 5,500+ digital assets, including Bitcoin, Ethereum, Litecoin, XRP, etc. 
    • Compatible with 50+ wallets 
    • Supports NFTs, decentralised applications (DApps), multiple assets, and other Web3 applications
    • Supports crypto staking

    Security

    Regarding the level of security, Ledger is famous for building highly secure products, and the Nano S Plus is another testament. The device is built with top-notch security and is known for no successful hacks.

    The Ledger Nano S Plus features include the following:

    • Secure Element with CC EAL5+ certification
    • Independently certified by the National Agency for Information System Security (ANSSI).
    • Military strength security chip.
    • BOLOS operating system to prevent potential malware from spreading throughout the device.
    • Routine security checks by Ledger’s team of white hat hackers and security experts 
    • Secure Pin Code
    • 24-word recovery phrase known by only the user.

    Pros

    Cons

    Cost

    The Ledger Nano S Plus costs $79 while the Nano X goes for $149. 

    Trezor - Best for Pro Investors and Traders

    what is trezor australia

    Features

    The Trezor Model T wallet supports over 1,450 cryptocurrencies across various blockchains and offers NFT storage. It also has a large touchscreen display with full colour. The touch screen makes it much easier for users to enter PINs and review crypto addresses when sending crypto. The wallet also allows direct crypto purchases from exchanges without creating an account.

    Top features of the Trezor Model T include;

    • Cold storage for maximum security 
    • Simple touchscreen display 
    • Compatible with computers and Android mobile devices
    • Supports NFT storage 
    • Allows direct crypto purchase

    Features

    The hardware wallet comes with top-notch security features, including removing online access to data, making it more difficult to access or compromise them online. Users can also set a 50-digit pin code and perseveres to provide more level of security for their funds. A passphrase is a set of letters, words, phrases, and spaces generated by users when they need to unlock their Trezor hardware wallet.

    Other features include:

    • Biometric login and password management 
    • MicroSD card for additional protection

    Pros

    Cons

    Cost

    The Trezor Model T costs $213, while the Model One goes for $67.

    Trust Wallet - Best For Mobile Use

    trust wallet review opinion

    It is a beginner-friendly cryptocurrency wallet that supports Android and iOS devices. The wallet is one of the best non-custodial wallets for Australians, and over 25 million people use it worldwide. Viktor Radchenko founded Trust Wallet in 2017, intending to offer people a way to buy assets through convenient channels like a bank account or credit card. 

    Today, the wallet supports over 4.5 million assets across 65 blockchains. The wide range of cryptocurrencies saves users the stress of downloading multiple wallet apps and allows them to access multiple coins and digital tokens quickly.

    Features

    Trust Wallet allows users to purchase crypto with fiat via third-party platforms like Moonpay, but the exchange charges a 4.5% fee for credit card transactions.

    Another standout thing about Trust Wallet is its staking support. Trust Wallet supports 12 coins for staking, including TRON, BNB, Tezos, etc. Users can directly stake any supported coins for rewards via the Trust Wallet app. Staking on Trust Wallet is limited to only twelve coins, but users can earn interest rates as high as 11% APY.

    In addition, the wallet has a Web3 browser and a marketplace integrated with decentralised apps. Users can easily connect to various decentralised exchanges (DEXs) or crypto lending platforms with this feature. The wallet also supports popular NFT marketplaces like OpenSea.

    To stay true to its mission, Trust Wallet is designed with a simple interface that is user-friendly and easily accessible to all kinds of traders. Beginner investors can easily get accustomed to the app and its features, and experienced traders will find its in-built charts handy for crypto price tracking.

    Other features of Trust Wallet include:

    • Crypto purchases with credit card 
    • Asset swapping and trading 
    • Support for all mobile devices, including iOS 
    • No KYC or identity verification required
    • In-built charts for price monitoring

    Security

    Trust Wallet is a hot wallet, meaning it’s less secure than hardware wallets. However, the platform adopts various security measures to secure users’ funds and data. The platform conducts periodic audits via a security firm called Stateful.

    Other security features on Trust Wallet include

    • Pin code scanning 
    • Biometric scanning for extra security 
    • Storage of keys in users’ personal computers 
    • 12-word recovery phrase and three additional backup phrases

    Pros

    Cons

    Cost

    Trust wallet charges no wallet fees. Users can download the app and create an account without KYC. However, transactions attract blockchain network fees, depending on the crypto network.

    Exodus Wallet - Best for Desktop Use

    Exodus-Wallet-australia-Review

    Exodus is another software wallet that offers users mobile and desktop access. Daniel Castagnoli and JP Richardson created the wallet in 2015 to secure, manage, and digital exchange assets.

    The mobile app is built to make it easy for users to store, buy, sell, and trade crypto. But the desktop wallet app does more than just store assets. It allows users to monitor the crypto market and a coin’s price trend to enter profitable trades.

    Features

    The major selling point of the Exodus wallet is that it supports assets on different blockchains, including Ethereum, Bitcoin, Binance Smart Chain, and Solana. The app also allows users to manage and trade over 255 cryptocurrencies directly from the wallet, a web browser, and desktop and mobile devices.

    The platform also supports different payment methods. Users can buy 25+ cryptocurrencies using fiat currencies like USD, EUR, and GBP. Alternatively, users can make crypto purchases with credit/debit cards, bank transfers or Apple Pay on the mobile app.

    Exodus has additional features like a portfolio overview that help users oversee their holdings. Adding crypto funds to the portfolio is seamless, using the wallet’s built-in exchange to swap digital assets.

    The wallet offers various Web3 and decentralised finance (DeFi) features like crypto staking and betting for users to earn more money. Users can stake crypto assets like Algorand (ALGO) and Cosmos (ATOM) on the app. Interestingly, staking via the exodus app can earn up to 8.36% APY.

    Exodus also has a highly commendable customer support team available 24/7 to help beginners who may have challenges navigating the app. According to online reviews, the support team typically responds to customers’ emails within 24 hours.

    However, Exodus is also a software wallet, so its desktop, and mobile apps are less secure than hard wallets. That means they are more vulnerable to attacks. The security risk is a major downside, which may cause users to opt for hardware alternatives like Ledger Wallets.

    Other features of the Exodus wallet include:

    • Integration with multiple walle