Top 10 hot crypto wallets for convenient and safe storage of cryptocurrencies
Imagine that you have money – rubles, dollars or euros. In order to store them safely and use them in stores or at the market, you need a regular wallet. No way without it – you can’t just carry money in your pockets, it’s dangerous and inconvenient. The situation is the same with cryptocurrency: to store, send or receive digital assets, you will definitely need a crypto wallet. It is a must-have tool for any crypto transaction, whether it is trading on crypto exchanges, trading through crypto exchanges, or even holding for long-term investments. Without a wallet, you will not be able to manage your cryptocurrency assets.
Today, crypto wallets are divided into two main types: hot and cold. In this article, we will tell you how they work, how they differ, and which wallets on the market today can be considered the best for everyday use.
What is a crypto wallet and how does it work?
A crypto wallet is a digital tool that allows you to store, send and receive cryptocurrency. It can be compared to a bank account or a regular wallet, but in the digital world. Instead of storing physical money, you store your crypto assets – bitcoin, ethereum and other altcoins. However, a crypto wallet does not store your funds in the traditional sense. It manages your private and public keys.
Every crypto wallet has two keys — private and public. A public key is like your bank account: it can be shown to others to send you cryptocurrency. A private key is like an account password: it must remain secret because you use it to confirm transactions and access your funds.
Your crypto assets are not stored in the wallet itself. They stay on the blockchain and the wallet only gives you access to them via keys. If you lose your private key, you will lose access to your cryptocurrencies. Therefore, cryptowallets usually offer backup and protection mechanisms to prevent this from happening.
Hot and Cold Crypto Wallets: What’s the Difference?
There are two main types of crypto wallets – hot and cold. These two types differ in terms of internet connection and intended use.
Hot crypto wallets
Hot wallets are always connected to the Internet. This could be an app on your phone, a browser extension, or a web interface. They are convenient because they provide instant access to your funds, and you can use them to quickly send cryptocurrency or make payments.
Advantages of hot wallets:
– Convenience: Access your crypto assets at any time from any device.
– Fast sending and receiving: instant transactions, which is especially important for traders or those who use crypto in their daily life.
– Ease of use: Most hot wallets have an intuitive interface and do not require complex setup.
Cons of hot wallets:
– Security: since they are connected to the Internet, such wallets are prone to hacker attacks. However, modern security technologies such as two-factor authentication and data encryption minimize the risks.
Cold crypto wallets
Cold wallets, on the contrary, are not connected to the Internet and are intended for long-term storage of cryptocurrency. These can be physical devices similar to flash drives or paper wallets.
Advantages of cold wallets:
– High level of security: lack of internet connection makes them virtually invulnerable to cyber attacks.
– Ideal for long-term storage: If you do not plan to make frequent transactions, a cold wallet is the best option.
Cons of cold wallets:
– Inconvenience: In order to make a transaction, you need to connect a device or access a wallet, which can be difficult and inconvenient in everyday life.
– Cost: Physical wallets cost money, unlike hot wallets, which are often free.
Thus, for those who actively use cryptocurrency, hot wallets are the most convenient option. Especially if you use them for daily transactions or stock trading. Modern protection methods allow you to minimize risks and most popular hot wallets offer a high level of security. And now – more details about the best crypto wallets according to the rating of the Exnode monitoring service, as well as user reviews.
Top 10 secure hot crypto wallets
1. Aifory
Crypto wallet Aifory stands out for its simple interface and high security measures. It supports a wide range of cryptocurrencies and offers convenient top-up methods for users in Russia, including SBP, bank cards and cash.
2. ExWallet
ExWallet is a convenient multi-currency wallet that allows you to manage different cryptocurrencies. It has a simple interface and fast transactions.
3. MetaMask
MetaMask is a popular crypto wallet for working with Ethereum tokens and other EVM-based networks. It is easy to use and offers secure transactions through browser extensions.
4. MyEtherWallet (MEW)
MEW gives users access to Ethereum and other ERC-20 based tokens. This is one of the oldest wallets that combines convenience and security.
5. OKX Wallet
One of the leading wallets on the market. OKX Wallet offers support for multiple blockchains and fast transactions. An excellent choice for traders and investors.
6. Coin Wallet
An easy-to-use wallet with support for multiple cryptocurrencies. Coin Wallet offers convenient features for beginners and advanced users.
7. Matbea
An excellent choice for those looking for a wallet with support for the Russian language and adaptation to the Russian market. Matbea provides secure transactions and has convenient functions for working with cryptocurrencies.
8. Mercuryo
Mercuryo offers users an easy way to buy cryptocurrencies through bank cards. It is not only a wallet, but also a full-fledged platform for working with digital assets.
9. Trust Wallet
Trust Wallet is a multi-currency wallet with support for buying and selling cryptocurrencies through bank cards and other payment systems.
10. Vexel
Vexel is characterized by a high level of security and ease of use. Users can quickly exchange cryptocurrencies and withdraw funds to bank cards.
Step-by-step instructions on how to create a crypto wallet
Creating a personal crypto wallet is a simple process that only takes a few minutes. For example, let’s take the leader of the given rating – a multifunctional crypto wallet. Registration requires 4 simple steps:
1. Go to the cryptowallet website and click the “Start Using” button on the main page.
2. In the registration form, enter your email and come up with a strong password. This is important for the security of your account.
3. Accept the terms and conditions (after reading them) of using the platform.
4. Link your Telegram account for extra security. To do this, simply scan the QR code from your phone and your wallet will be protected with two-factor authentication. You will also receive messages, and access codes will be sent there, which are requested every time you log in to your personal account.
How to top up a crypto wallet
There are various ways to top up a crypto wallet, especially if you want to top up your account in rubles. There are four top-up options for rubles:
1. Cash: you can top up your wallet with cash at specialized points. By the way, some crypto wallets have offices not only in Russia, but also in the CIS countries, as well as Turkey and the UAE.
2. Bank card: top-up from the card is a fast and convenient way of depositing funds.
3. Certificate: enter the code of the “gift” certificate and instantly credit the funds to the account.
4. SBP (Quick Payment System): instant transfers between Russian banks without commissions.
To replenish a ruble account in a crypto wallet, you need to perform a few simple steps:
1. Open the assets section and select the currency you want to top up – in our case, it’s rubles.
2. Click the “Top up” button. A list of available top-up methods will appear before you.
3. Choose the appropriate method. For example, you can choose to top up via bank card, cash or use a certificate.
4. Follow the prompts to complete the top-up. Depending on the chosen method, you may need to enter your bank card details, certificate details or visit a cash point.
Replenishment through SBP is one of the fastest and most convenient ways, as it allows you to instantly transfer funds between banks without fees. The whole operation takes only a few minutes, and your funds will be immediately available in the wallet.
Result
Hot crypto wallets remain the most convenient tool for managing cryptocurrency assets, especially for those who actively use them in everyday life or trading. They offer instant access to funds and convenient functions for sending, receiving and exchanging cryptocurrencies. At the same time, modern protection technologies, such as two-factor authentication and data encryption, reduce risks to a minimum.
No matter which wallet you choose, it’s important to remember safety measures. Always use strong passwords, enable two-factor authentication, and back up your private keys regularly.