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Luis Clark
Luis Clark
Luis is a personal finance expert who has been passionate and writing about crypto for more than five years.
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    Best crypto Wallets USA 2023

    best crypto wallet usa
    4.5/5

    Best Over-All

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    4.5/5

    Best Cold Wallet for Experienced Traders

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    4/5

    Best Crypto Wallet for Mobile Users

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    4/5

    Best Low-Cost Crypto Wallet

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    4.3/5

    Best Wallet for NFTs and DeFi Apps

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    4.6/5

    Best Wallet for ETH and ERC-20 Tokens

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    There are numerous cryptocurrency wallets in the crypto market. At their core, these products provide crypto traders and investors with a secure way to store and manage their digital assets. Crypto users must safeguard their private keys and not leave security to chance. 

    Which is the Best crypto Wallets USA? Our Opinion:

    The Ledger wallet—a non-custodial crypto wallet—offers users total control of their assets, which is why it’s our overall best crypto wallet. This guide will review and compare Ledger with other top crypto wallets in the USA to help investors determine the best product for their needs.

    Best Crypto Wallets Reviewed

    Below, we offer an in-depth review of the best crypto wallets USA. 

    Ledger - Overall Best Crypto Wallet for US Investors

    Ledger-hardware-crypto-wallet-usa

    Ledger is arguably the most popular crypto wallet company. The hardware wallet service provider has over 5 million users in 200+ countries, including the United States. 

    Ledger, founded in 2014, is the brainchild of eight entrepreneurs who aimed to develop a secure solution for blockchain users. In 2016, the French company launched its flagship Ledger Nano S, which was criticized for low storage and a high selling price. To address these concerns, Ledger built the Nano S Plus. 

    The company has also developed two more hardware wallets, the Ledger Nano X and Ledger Stax, which are upgrades to the previous versions. 

    Beyond its reputation, Ledger tops our list of the best crypto wallets for Americans for many reasons. First, Ledger wallets are hardware wallets that store users’ assets and private keys offline, so investors are protected from cyber attacks or online hacks. 

    Additionally, ledger wallets support 5,000+ digital assets, including non-fungible tokens (NFTs), making them a more comprehensive storage facility for advanced investors who trade crypto and NFTs.

     All Ledger wallets have similar offerings, including buying, selling, and storing cryptocurrencies and other digital assets. For instance, the only feature difference between the Nano S Plus and Nano X is that the Nano X offers Bluetooth compatibility, and the Nano S Plus doesn’t. But since it isn’t essential, Bluetooth unavailability shouldn’t be an issue for investors.

    Meanwhile, the latest Ledger Stax has numerous features, including a customizable lock screen, curved touchscreen, wireless charging, and embedded magnets. 

    The Ledger hardware wallets come at different prices. The Ledger Nano S Plus costs $79, making it a top choice for investors looking for a low-cost, high-security wallet option. Alternatively, the Ledger Nano X costs $149, and the Ledger Stax costs $279. 

    The Ledger Nano X and Ledger Stax are two of the most expensive crypto wallets on the market. Ledger wallets are pricey for the average investor compared to other popular hardware wallets like KeepKey and Trezor

    However, experienced investors with a diverse investment basket, including NFTs, may consider Ledger because of its NFT support and large asset runway. Crypto staking support is another consideration for advanced investors, as Ledger wallets allow users to stake different coins, including Ethereum, Cardano, and Polkadot, via Ledger Live. 

    Regarding security, all Ledger hardware wallets are produced with high-level security standards. The wallets are certified by the French Network and Information Security Agency (ANSSI), and they eliminate online access to users’ data. So even if Ledger gets hacked, the threat actors cannot access customers’ information. Also, users can secure their wallets with the standard PIN codes and an additional 24-word recovery phrase for more security. At the same time, Ledger uses a BOLOS operating system to prevent potential malware from spreading throughout its devices.

    Price: $79 for Ledger Nano S Plus, $149 for Ledger Nano X, and $279 for Ledger Stax.

    We summarised all the Ledger Wallet key features, but we also made an in-depth Ledger Wallet USA Review page that you can check out.

    Pros

    Cons

    Trezor - Best Cold Wallet for Experienced US Traders and Investors

    Trezor-Hardware-crypto-wallet-usa

    Trezor wallets are right behind Ledger in terms of reputation in the cryptocurrency wallet industry. Satoshi Labs, a hardware wallet company founded by Pavol Rusnak and Marek Palatinus in 2013, launched Trezor wallets to build a simple computer for users to store their Bitcoin private keys. 

    In 2014, Trezor released its first hardware Bitcoin wallet, the Trezor Model One, as one of the earliest-ever crypto wallets. The Trezor Model One features a simple build and offers top-notch security of private keys. It supports 1,280+ coins and tokens, including Bitcoin, Bitcoin Cash, Ethereum, and all ERC-20 tokens. 

    Eventually, Trezor upgraded the Model One wallet; in 2017, the Trezor Model T was launched. Although both Trezors function similarly, the Model T has more features. The Trezor Model T supports 1,450+ assets, unlike Model One’s 1,280+. Also, the Trezor Model T comes with a large touchscreen display for more convenience and additional biometrics security, while the Trezor Model One features only a clickable two-button pad.

    Trezor wallets allow direct crypto purchases from exchanges without creating an exchange account and support NFT storage. However, the NFT storage feature is not directly available in the Trezor Suite App. Instead, users must connect to a third-party wallet like MetaMask to store their NFTs using Trezor. Trezor wallets also require additional software for crypto staking. 

    The Trezor Model One is ideal for crypto beginners who need a simple cold wallet for their assets, as it offers more simplicity than the Model T. Meanwhile, experienced investors will tilt toward the Model T because of its advanced features and coin support. 

    Like the Ledger wallets, Trezor offers its wallets at different costs. The Trezor Model One costs $69, while the Model T costs $219, which is more expensive than other affordable hardware wallets like KeepKey and SafePal S1. 

    In terms of security, Trezor wallets offer similar security features. Model One and Model T allow complete storage of assets and private keys within users’ devices. That means an online attack cannot compromise the data. Trezor users must also create a PIN code to confirm all crypto transactions completed with the wallets. 

    The wallets also feature a Tor integration that encrypts the data users transmit on connected devices. That way, users’ locations and data usage are concealed from third parties, and hackers cannot access the data. 

    The major difference in security between the two devices is that the Trezor Model T offers 12-word and 24-word recovery phrases, while the Model One offers only 12-word recovery phrases. Also, the Trezor Model T has a unique security feature called the Shamir Backup, which allows users to use up to 16 share recoveries for their assets, and it features biometric login. 

    Price: $69 for Trezor Model One and $219 for Trezor Model T.

    We summarised all the Trezor Wallet key features, but we also made an in-depth Trezor Wallet USA Review page that you can check out.

    Pros

    Cons

    Trust Wallet - Best Crypto Wallet for Mobile Users

    cryptocurrencies-trust

    Trust Wallet is another popular name when considering the best crypto wallets USA. Viktor Radchenko founded the software wallet in 2017. But in 2018, Binance acquired the wallet company to provide better service and security to its users. It is another wallet product associated with the Binance exchange apart from the SafePal S1, which is backed by Binance Labs (the exchange’s venture capital arm). 

    Trust Wallet is a beginner-friendly cryptocurrency wallet available on Android and iOS devices. And with over 25 million users worldwide, the wallet is among the best non-custodial wallets for Americans. 

    One of Trust Wallet’s standout features is its extensive crypto support. The wallet supports over 4.5 million assets across 65 blockchains, including Bitcoin, Ethereum, and many other altcoins. Because of the wide range of cryptocurrencies available on Trust Wallet, investors do not need to download multiple wallet apps since they can manage their coins and tokens in one place.  

    Another notable feature of Trust Wallet is its staking support. The wallet allows users to stake more than 10 coins, including TRON, BNB, and Tezos. For convenience, Trust Wallet users can directly stake any supported coin via the Trust Wallet app instead of third-party platforms available on competitor wallets like Trezor wallets. And when investors stake crypto on Trust Wallet, they can earn interest rates as high as 11% per year, which is higher than the 5.75% interest on the Coinbase Wallet.

    The Trust wallet has a Web3 browser and a marketplace integrated with decentralized apps. Users can easily connect to decentralized exchanges (DEXs) and access DeFi features, including crypto lending. The wallet also supports popular NFT marketplaces like OpenSea for investors to collect and store NFTs globally. 

    American investors who prefer to buy crypto using credit cards will also fancy Trust Wallet because it supports direct crypto purchases via this payment method. However, Trust Wallet is a hot wallet, so it is prone to attacks, and users can lose all their assets if the wallet is compromised. Investors may opt for cold wallets like Ledger and Trezor that offer offline asset storage and better security. 

    Nonetheless, Trust Wallet offers various security features to safeguard users and their funds. The wallet provides users with a 12-word recovery phrase or private keys only known to them. Additionally, the wallet offers PIN code scanning, and users can set up two-factor authentication (2FA) with the biometrics scanning feature.

    Price: Free.

    We summarised all the Trust Wallet key features, but we also made an in-depth Trust Wallet US Review page that you can check out.

    Pros

    Cons

    Coinbase Wallet - Best Low-Cost Crypto Wallet

    coinbase wallet us

    One of the top features of the Coinbase crypto exchange is the Coinbase wallet. The digital wallet is a low-cost crypto wallet that offers self-custodial storage of cryptocurrencies and other digital assets. With the Coinbase wallets, users can store over 100,000 digital assets across the Bitcoin, Ethereum, Binance Smart Chain (BSC), Dogecoin, Litecoin, Polygon, Stellar, and XRPL networks. It also supports various crypto assets across Ethereum layer-2 solutions, including Arbitrum and Optimism. 

    The Coinbase Wallet features a built-in app for decentralized apps (DApps) to support crypto lending platforms, DeFi game NFTs, and digital collectibles. Another top feature of the Coinbase Wallet is its crypto-staking support. Apart from buying and selling digital assets through the wallet, users can also lock up their coins and earn up to 5.75% annual percentage yield (APY). 

    The Coinbase wallet is free, and users do not need a Coinbase account to use the wallet. This wallet is great for beginner and experienced investors looking for an affordable crypto wallet that offers easy asset storage. However, trading crypto with the wallet incurs a variable fee depending on the user’s payment method, location, and order mode. The variable fee ranges from 1.49% to 3.99%, which is relatively high. Swapping crypto using the wallet also attracts a 1% conversion fee.

    Mobile-first crypto users also choose the Coinbase Wallet because it is available on Android and iOS mobile devices. The Coinbase Bitcoin wallets support peer-to-peer crypto transactions, making it easy for investors to send and receive crypto without hassles or any third party. However, unlike other popular wallets, the Coinbase wallet does not have a desktop application for PC users. 

    Instead, the exchange provides a Chrome extension that investors who prefer desktop channels can use. But this feature makes the Coinbase Wallet quite limiting and frustrating for traders in locations where Google and its Chrome product are restricted. 

    The Coinbase wallet is a software/hot wallet, so it’s more susceptible to cyber attacks than its offline counterparts, as it runs online. Coinbase has also been hacked in the past; this may be a potential dealbreaker for security-conscious investors. 

    However, Coinbase has numerous industry-leading security measures to protect users and their funds. The crypto wallet also provides a 12-word recovery phrase and password that wallet owners can use to restore their assets if they lose the device connected to their wallet. 

    The Coinbase wallet is self-custodial, so users’ assets and private keys are stored with users and not shared with Coinbase. Investors have absolute control over their funds. Coinbase also has a hardware wallet integration that allows users to transfer their assets into cold wallets like Ledger wallets. With the hardware wallet support, users are more protected.

    Price: Free

    Pros

    Cons

    ZenGo Wallet - Best Wallet for NFTs and DeFi Apps

    What is Zengo Wallet

    ZenGo is another mobile cryptocurrency wallet popular among investors in the US and beyond. The wallet was founded in 2018 by Ouriel Ohayon, Tal Be’ery, and Omer Shlomovits, who were focused on helping users control their assets conveniently. ZenGo is the first keyless Bitcoin and cryptocurrency wallet, and this is its main appeal to its thousands of users.  

    The ZenGo wallet stands out from other wallet options because it mixes custodial and non-custodial crypto storage. Instead of the industry-standard private keys, the wallet offers users threshold signatures (or two mathematical secret shares): one is stored on the user’s device and the other on ZenGo servers. 

    The ZenGo crypto wallet supports decentralized finance (DeFi) features like crypto staking and crypto lending with up to 8% interest per year; this is higher than what’s offered on the Coinbase Wallet but considerably lower than Trust Wallet’s crypto staking APY. The platform also supports DApps and NFTs and integrates with Coinmama and MoonPay for users to buy and sell crypto directly. 

    However, a major drawback to ZenGo crypto purchases is its $50 minimum balance. Some wallets, like the Coinbase Wallet, allow as low as $1 purchases.

    Despite its numerous features, ZenGo is free and easy to use. The wallet is keyless and uses facial recognition technology to eliminate the stress of remembering or backing up private key phrases. With other popular wallets, users can lose all their assets if they lose their private keys, but this is not a concern with ZenGo because of the facial biometrics feature that serves as an alternative.

    Another notable feature of the ZenGo Wallet is its referral program. On ZenGo, users enjoy free Bitcoin rewards when they refer new users to the app. Upon registration, the existing customer receives Bitcoin rewards of up to 50% of ZenGo’s commission on all crypto purchases made by the referred user for an entire year after registration. This is another way for investors to earn passive income. 

    However, another major downside to ZenGo is that the wallet supports only 40+ assets, which is a considerably smaller number compared to what’s obtainable on many other crypto wallets including Trust Wallet and Coinbase. But investors who want access to popular coins like Bitcoin, Ethereum, Dogecoin, and Binance Coin may have no issues using the ZenGo Wallet. 

    ZenGo wallet is free to download and use on mobile devices. The wallet also charges no trading fees, asset storage, or hidden fees. Sending crypto and receiving assets also attracts no fees. However, service providers like Moonpay charge fees, while the standard network fees apply for sending and receiving crypto. For example, there’s a 1.99% fee for credit/debit card, Apple Pay, and Google Pay transactions. Moonpay also charges spreads between 1.5% to 3.0%. 

    ZenGo uses multi-party threshold signatures for transactions instead of private keys. The wallet achieves this using advanced multi-party computation cryptography that allows wallet users to communicate privately with ZenGo servers for every transaction and avoid cyber attacks. 

    In addition, ZenGo offers 3-factor authentication (3FA) via biometric face/fingerprint scan, email, and recovery files. The wallet allows users to create a keyless recovery backup kit to restore their assets whenever they change devices, making up for ZenGo’s lack of hardware wallet options.

    Price: Free

    Pros

    Cons

    MetaMask - Best Wallet for ETH and ERC-20 Tokens

    Metamask Home Page

    The MetaMask wallet is the last on our list of the top crypto wallets for American investors. ConsenSys launched the wallet in 2016 to simplify investors’ access to dApps, DEXs, crypto gaming platforms, and crypto staking. 

    Since then, MetaMask has become one of the most reputable crypto wallets in the DeFi space. The wallet is notable for supporting digital assets built on the Ethereum network. MetaMask wallet users can buy, sell, and store ETH and 500,000+ ERC-20 tokens like Augur, Gnosis, or Compound. 

    However, cryptocurrencies like Bitcoin and some other coins on other networks are not supported by MetaMask, which is a major downside to the wallet. 

    MetaMask offers mobile applications available on Android and iOS devices. But the wallet only offers a browser extension for desktop devices, which can be challenging for investors who do not use Google or other supported browsers.

    However, MetaMask strives to offer users a simplified experience for their needs. With MetaMask, crypto beginners can easily get started with Ethereum. For example, on the wallet app, users can easily filter through the list of supported assets and find the most popular Ethereum dApps with just a few clicks. 

    Another feature that makes the MetaMask wallet perfect for beginners is the ability to purchase ETH directly from the wallet for use on the supported Ethereum dApps. This eliminates the need to register on a cryptocurrency exchange. Crypto purchases are also available using various payment methods, including ACH transfer, card payments, and digital wallets like PayPal.

    In January 2023, MetaMask launched its staking functionality, allowing users to lock up Ethereum via Lido or Rocket Pool to earn financial rewards. However, the wallet provides no information about the reward percentage. 

    Despite being a hot wallet, MetaMask has never been hacked. This implies that the wallet provider has robust security features. Some security features include MetaMask’s integration with popular hardware wallets like Trezor and Ledger to boost its security—although this has received numerous negative feedback from users. 

    MetaMask prides itself on complete anonymity and lack of control of private keys. Since the wallet does not keep users’ personal information, accounts are protected by passwords generated by users during installation. Investors can also secure their MetaMask wallets using biometric data on their mobile devices. 

    If users lose their connected devices, MetaMask allows them to recover their assets using a 12-word mnemonic phrase, as the wallet doesn’t store private keys.

    Price: Free

    Pros

    Cons

    Wallets Comparison Table

    Wallet NameNumber of Assets SupportedNFT SupportCost
    Ledger5,000+YesFrom $79
    Trezor1,289 to 1,456YesFrom $69
    Trust Wallet4.5 millionYesFree
    Coinbase Wallet100,000+YesFree
    ZenGo Wallet40+YesFree
    MetaMask500,000+YesFree

    What is a Crypto Wallet?

    Crypto Wallet

    A cryptocurrency wallet is a tool that allows crypto traders and investors to store, send and receive their digital assets, including cryptocurrencies and NFTs, securely. Typically, crypto wallets offer users private keys for wallet access and transactions, but some wallets, like ZenGo, are keyless. These wallet types allow wallet owners to use threshold signatures or mathematical secret shares to access their wallets and execute trades. 

    Crypto wallets usually feature user-friendly interfaces available on mobile devices, desktop devices, or both to make asset storage and usage seamless for users. As a result, users can conveniently store and manage their assets or send and receive crypto directly using crypto wallets. However, not all crypto wallets offer direct crypto purchases on exchanges or dApps like the MetaMask and Ledger wallets. 

    Crypto wallets also differ in asset support. Some wallets like MetaMask support millions of assets, while others like ZenGo support only a few. So investors must discover the perfect options for them. 

    How Does It Work?

    Crypto wallets typically store users’ private keys that they can use to buy, sell, send, receive, and swap their stored assets. These users also have wallet addresses similar to bank account numbers. This address is used to send and receive crypto from the wallets. 

    The wallets exist on a blockchain, and the wallet software or hardware allows users to interact with their balances on the connected blockchains. So users can move coins from one place to the other using their wallet addresses and the available coins on the blockchain. 

    Depending on the type of wallet chosen, wallet transactions are executed using PIN codes and private keys generated by the wallet when it was created.

    Types of Crypto Wallets

    There are three common types of crypto wallets: hardware wallets, software wallets, and paper wallets. 

    Hardware Wallet

    Hardware wallets are physical wallets offering cold or offline storage of assets. These wallets are usually connected to a desktop device using a USB drive, and users can manage and store their assets securely after setting them up. 

    To use a hardware wallet, users must press some buttons on the device to generate private keys offline and execute transactions. A hardware wallet functions like a USB drive and uses a desktop or web-based app to manage stored assets offline securely.

    Software Wallet

    A software wallet is also known as a hot wallet, and unlike cold wallets, it stores users’ assets online. Users must download the wallet app and install it on their mobile or desktop devices to use a software wallet.  

    However, because they operate online, software wallets are considered less secure than hardware wallets. 

    Paper Wallet

    Paper wallets are documents that have either public or private keys printed on them. The document usually has a QR code that users can quickly scan to execute transactions. 

    How to Use Your Wallet

    Crypto wallets are easy to set up and use. Even beginners can get started with a new wallet almost immediately. We’ll review how to use the major wallet types below. 

    For hardware wallets: 

    • The first thing to do is to purchase the device on its website store or from accredited sellers on other e-commerce platforms like Shopify. 
    • After purchasing the device, users must download and install the wallet’s web app to connect the wallet. Usually, the application download links are available on the wallet’s website page. 
    • Set up the device by connecting the hardware wallet application using a USB cord. Then, follow the on-screen guides and prompts to complete the installation. 
    • Fund the wallet by transferring assets from an external wallet to the hardware wallet. Ledger and Trezor simplify this process by featuring in-built exchanges from third parties. 

    For software wallets:

    • After choosing a US-supported wallet, download the mobile app, web app, or browser extension. 
    • Launch the wallet app or browser and create a new wallet account by providing the necessary information, including legal names, email addresses, date of birth, and passwords. 
    • After successful registration, investors can fund the wallet by buying, receiving, or exchanging crypto assets and storing them in the wallet.

     For paper wallets:

    • Investors need to print their written private keys and remove them from a digital wallet or network. 
    • Get a compatible wallet app and scan or enter the private key printed on the paper. 
    • Transfer funds into the wallet using its wallet address.  

    How to Choose the Right Wallet

    With many crypto wallets on the market, choosing the right crypto wallet depends on several factors, including investors’ needs. For instance, a hot wallet like Metamask might be a great option for investors with a massive portfolio looking to store multiple coins. Similarly, the Coinbase wallet is suitable for investors looking for a low-cost wallet option. 

    However, investors who intend to hold their crypto for a long period or prefer 100% control of their assets can consider hardware wallets like Ledger and Trezor. 

    Some other factors to consider before choosing a crypto wallet include the following:

    Reputation: The best wallets are popular among investors and have a global customer base. It’s always advisable for investors to select popular wallet options like Ledger, Trezor, Coinbase, and MetaMask—depending on the user’s needs. 

    Cost: Investors must choose wallet options that align with their investment budgets. Wallets like the Coinbase and MetaMask wallets are free, while Ledger and Trezor wallets are quite expensive. 

    Supported Assets: The best wallets support many cryptocurrencies and other digital assets like NFTs. Some also have various Web3 support, like crypto staking. Investors should understand which wallet best aligns with their investments before choosing one. 

    Security: While cold wallets are generally considered more secure, hot wallets are more vulnerable to hacks. However, security is paramount regardless of the wallet option. Investors should assess a wallet’s security features, like multifactor authentication, biometrics support, and security certifications.

    Final Thoughts

    Crypto wallets make asset storage seamless for beginner and experienced crypto investors. There are numerous wallets available for US investors, so we’ve highlighted the best crypto wallets USA to help streamline the options. 

    Considering the vulnerabilities attached to software wallets, we recommend that US investors opt for more secure cold wallets like the Ledger Nano S Plus, Ledger Nano X, and Ledger Stax, as they offer offline storage immune to hacks. However, they are priced higher than the industry average, so investors must consider their costs and needs before selecting. 

    FAQ

    Most frequent questions and answers

    The Coinbase wallet is one of the most affordable crypto wallets in the US. The wallet is free for all crypto users and offers low transaction fees. 

    Hardware wallets like the Ledger and Trezor wallets usually charge no fees apart from their purchasing costs. However, trading assets on the wallets may incur network and third-party fees. 

    The Coinbase wallet is the most secure hot wallet available to US investors and traders. It is part of the reputable Coinbase exchange and offers users 100% control of their funds and the storage of private keys. 

    Hot wallets are connected to the internet. Like anything that runs on the internet, hot wallets are vulnerable to cyber attacks or hacks. However, users can protect themselves by using 2FA and securely storing their private keys. 

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    Skrumble.com provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade, or sell any investment instruments or products, including but not limited to cryptocurrencies, or use any specific exchange. Please do not use this website as investment advice, financial advice, or legal advice, and each individual’s needs may vary from that of the author. Investing in financial instruments, including cryptocurrencies, carries a high risk and is not suitable for all investors. It is possible to lose the entire initial investment, so do not invest what you cannot afford to lose. We strongly advise conducting your own research before making any investment decisions. This post includes affiliate links with our partners who may compensate us.

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