So, you want to get involved in cryptocurrency, but you don't know what is a cryptocurrency wallet or what cryptocurrency wallet is best? Well, in this article, I will guide you to give the best for you to store your digital assets.

Cryptocurrency wallets

Are places where we store crypto assets. They are much like a vending machine in a public place - anyone can put money in the vending machine, but only those with a vending machine key can remove the money. There are many types of crypto wallet services. There are app-based cryptocurrency wallet services, offline services, and web-based services to choose from. By the time you finish reading this guide, you will be able to choose the right wallet service for your personal needs and start trading crypto safely and worry-free! First, let's find out more about what a cryptocurrency wallet actually is.

Best Cryptocurrency Wallet: What is a Cryptocurrency Wallet?

A cryptocurrency wallet is a software program, online platform or hardware device that stores the keys you use to send and receive various blockchain cryptocurrency tokens. It actually stores your “private” and “public” keys the way the wallet securely communicates with the blockchain cryptocurrency ledger. It also lets you see your cryptocurrency balance. The interface, the display of the software, helps users to understand their cryptocurrency holdings (how much do they have in different cryptocurrencies like Ethereum, Bitcoin or Ripple). The way blockchain works is like we record in an income and expense ledger but are updated via 'nodes' on the blockchain network. This means all individual “ledgers” are updated at the same time the wallet holds not crypto money, but transaction records. Unlike the wallets we are used to, your cryptocurrency wallet does not store money in the same way that a PayPal account stores funds. This is the important difference between a cryptocurrency wallet and other online money accounts. Here are some of the best wallet choices in the form of an App for your smartphone.

Blockchain

Blockchain Wallet

Is one of the better cryptocurrency wallet apps for mobile. It works with Bitcoin and has a lot of features. Some of these include 20+ currency conversions, the ability to send and receive Bitcoin payments, two-factor authentication, PIN protection, support for 18 languages, TOR blocking, and QR code support. It's also free and open source if that's important to you. There's also Material Design and a relatively simple UI. This one is actually really good.

Blockfolio

Blockfolio

Is a financial application aimed at cryptocurrency users. You will be able to quickly see your cryptocurrency investment. You can also make it send you a notification when the price reaches a specified threshold. It tracks more than 800 currencies now and you can get details about each one. There's also a news section if you're interested in keeping up with what's new in the industry. It's completely free and it's always fun. This is great for people who take cryptocurrency seriously.

Cobo

Cobo

Is a multi-cryptocurrency wallet application. It supports several dozen currencies, including various types of Bitcoin, Ethereum, Decred, Ripple, Litecoin, ZCash, DogeCoin, and several others. The app also includes support for more than 80 countries and several advanced cryptocurrency technologies such as Proof of Stake and masternode pooling. Some users have complained about some bugs, but in general most people really like this one.

Coins.ph

Coins.ph

Is another cryptocurrency wallet app. This app allows you to check your cryptocurrency balance, transfer funds to other people, make payments, and much more. It comes with some decent looking Material Designs too. The app comes with several shopping options, including the ability to buy gift cards from 120+ merchants. You can also find banks and shops if you need them. It comes highly recommended from its user reviews and is worth checking out.

Coinomi

Coinomi

Is a secure cryptocurrency wallet that offers in-app exchange capabilities. Coinomi considers itself focused on security and privacy by emphasizing the fact that no identity linking is possible from within the wallet. Thanks to its very fast installation and setup and multi-coin support, this wallet is very popular with crypto enthusiasts as a way to store and exchange cryptocurrencies.

Note: that not all wallets that are allowed on Google Play are verified. This means that some people can create apps like a malicious wallet in an attempt to steal your coins after you send them to a mobile wallet. That's why it's important to download only known apps and ensure that they're the official apps you're really looking for.