6 Best Altcoins Wallets to Use in 2022

Wallets for alternative cryptocurrencies are critical to the development and operation of cryptocurrencies. This kind of best altcoin wallets offer both security and convenience in terms of sending and receiving payments. 

Wallets for cryptocurrencies operate in the same manner as Bitcoin wallets. In reality, a vast majority of alternative cryptocurrency wallets support the world’s biggest cryptocurrency. 

We’ll go through what makes one Altcoin wallet superior to another, and why. In addition, we will give you a selection of the best Altcoin wallets for you to choose from.

What is the significance of selecting the best Altcoin wallets?

Altcoins (alternative cryptocurrencies) began to rise throughout the globe shortly after Bitcoin was created. The success of each currency was predicated on the fact that it made improvements to the Bitcoin protocol. 

For example, Ethereum took the Blockchain idea and turned it into a decentralized platform. Now, it provides a platform where anybody may create unique applications for the network. 

For its part, Litecoin is a cryptocurrency that is comparable to Bitcoin in many aspects. However, it has quicker transaction times, making it more convenient to use for payments.

While many Altcoins were developed with the intention of being superior to Bitcoin, others were merely made as a joke or, worse, as a hoax to defraud investors. 

In a similar way, there are hundreds of best Altcoin wallets accessible. Although many of them are reputable and legitimate, some are amateurish. There are yet others that are just a front for criminals to hide behind. 

The finest Altcoin wallets will guarantee that you do not fall prey to a criminal’s trap. In addition, it provides you with better functionality and support for alternative cryptocurrencies.

Which cryptocurrency wallets are the most reliable?

Choosing the Best Altcoin Wallet

It is crucial to note at this moment that there is no one wallet that can meet the demands, skill levels, and coin support requirements of every person. 

While some users may be seeking a wallet to keep the rare Altcoin, others may be hoping to make a profit on a regular basis via frequent trades and transactions.

Various Types of Bitcoin Wallets

Because there are so many various types of Altcoin wallets accessible, it is a good idea to categorize them in a number of ways. 

One of the most common methods of doing this is by dividing Altcoin wallets into two categories: cold and hot. Cold wallets are physical devices that are small enough to fit in the palm of your hand, but not necessarily. 

They are not free. However, they do offer improved security by being unplugged from the Internet for the majority of the time. On the other hand, a hot wallet is often free. However, this also implies that it is less safe than a cold wallet.

Hot wallets may be divided into the following categories:

Desktop Wallet

It is a type of bitcoin wallet that can be installed on your PC. Such wallets may be compatible with a variety of operating systems. Some may restrict to Windows, Mac, or Linux only.

Mobile Wallet

With the help of a simple Wi-Fi connection, you may transfer and receive coins using your mobile wallet. It is simply loaded on your smartphone. The best cryptocurrency wallets for mobile devices are those that function on both iOS and Android smartphones.

Browser Wallet

This wallet allows you to access your money and make transactions straight from your web browser, eliminating the need to download any software or other software-based solutions.

Price

Another crucial factor to consider is the cost of the wallet. With a few exceptions, the vast majority of hot wallets are free, but the vast majority of cold wallets are not. 

The decision on which choice to choose is mostly influenced by the level of security necessary. It’s possible that a hot wallet will be sufficient if you’re just going to hold a tiny amount of Altcoins. 

In contrast, if you want to invest in the finest Altcoins and hold on to them, a safe cold wallet (also known as a hardware wallet) is preferable.

Currency Exchange 

One feature that some of the best Altcoin wallets provide is integrated solutions that allow you to swap currencies quickly and easily. 

The end result would be that you’d be able to purchase and sell multiple supported currencies through an exchange, with cash immediately leaving and entering your wallet as needed. 

As an added convenience, certain wallet providers may also handle cryptocurrency exchanges, making the whole transaction easier and sometimes more cost-effective.

6 Best Altcoins Wallets

Wallet	Type	Number of Currencies	Recovery Option	Private Key Access	Storage Type	Security Level
Ledger Nano S	Hardware	1100	Yes	No	Cold	High
Guarda	Desktop Mobile Web	49	Yes	Yes	Hot	Medium
Coinbase	Desktop Mobile	100	Yes	No	Hot	Medium
Trezor	Hardware	1180	Yes	No	Cold	High
Exodus	Desktop Mobile	103	Yes	Yes	Hot	Medium
Indacoin	CEX	100	–	–	–	–

Ledger Nano S

Because of its elegant look and robust functionality, the Ledger Nano S is one of the most recognizable cryptocurrency wallets on the market. 

With the ability to accept more than 1,100 different Altcoins and ICO tokens, it is very user-friendly and suitable for both novice and expert users. The Nano S is a hardware wallet that features tamper-alert software to detect unauthorized access.

The wallet retails for a fairly reasonable price considering the features it offers. For reasons of security, you must have the device with you at all times in order to authorize transactions. 

However, in order to increase convenience, Ledger offers a mobile application that makes browsing and execution of transactions more straightforward.

Pros

• User-friendly
• Supports more than 1100 coins and tokens
• Provides an excellent value for money
• Lightweight
• Portable

Cons

• Doesn’t provide any private key access
• Difficult navigation

Guarda

Guarda is a popular digital wallet that has the particular feature of being compatible with a wide range of devices and browsers. 

Additionally, Guarda offers a Chrome extension, as well as Ubuntu, Mac, and Linux software, in addition to functioning on iOS and Android devices as well as Windows computers. 

This free worldwide Altcoin wallet may link to partner exchanges to give a quick method to purchase and sell currencies. It is simple to set up and literally anybody can use it.

Guarda is undoubtedly one of the top best Altcoin wallets for beginners due to its ease of use and simplicity. Due to the fact that it is an online wallet, it is not as secure as a hardware wallet. The total experience, however, may be had for a far lower investment of money. 

Please bear in mind that Guarda is a non-custodial wallet.

It means that users are completely responsible for keeping their passwords and recovery phrases private and secure.

Because Guarda is unable to act, you will be unable to access your cash if these documents are lost.

Pros

• User-friendly
• Supports more than 50 coins and tokens
• Provides the private key access
• Available across devices
• Compatible with different OS

Cons

• Supports a small number of coins and tokens
• Less secure than other cold wallets

Coinbase Wallet

Coinbase Wallet is the second regulated wallet on our list of the best Altcoin wallets. It is also the one we most widely use. Coinbase Wallet, which is owned by one of the major Bitcoin brokers in the world, is completely free to use and very simple to set up. 

Despite the fact that it is a popular mobile wallet, it is safeguarded by extensive security safeguards, some of which are similar to those found in banks.

When utilizing the Coinbase Wallet, you have the option of connecting with an online exchange in order to automatically transfer and receive other currencies.

While one of these exchanges is Coinbase itself, you are not restricted to using just this particular exchange. 

This wallet also allows you to connect with Decentralised Apps that are built on the Ethereum blockchain directly (DApps).

Pros

• User friendly
• No setup fee
• Available on Android and iOS 
• Supports recovery option

Cons

• No private key access
• Supports a small number of coins

Trezor

Trezor is a well-known maker of bitcoin wallets that are both safe and dependable. It was established less than a year after the birth of Bitcoin and now supports more than 1,000 other cryptocurrencies and tokens. 

The Model One wallet is the most affordable of the company’s major wallets, retailing at €59. The navigation buttons on this model, as opposed to the touch screen of the more costly Model T, allow for easier navigating.

Trezor’s Model One is a simple device that is suitable for both beginners and more experienced users alike. However, even though hardware wallets like this are inherently more secure than other options. 

Trezor includes two-factor and FIDO2 authentication mechanisms to further increase their security. When you link this gadget to your smartphone, the possibilities for its use become almost limitless. 

Using this method, you will discover an increasing number of applications that enhance the functionality and convenience of your Model One.

Pros

• User friendly
• Safe and reliable
• Supports more than 1000 coins
• Provides good value for money

Cons

• Difficult navigation 
• No private key access

Exodus

Exodus is a desktop and mobile wallet. It has the rating as one of the best Altcoin wallets in terms of overall usability. The online wallet, which is popular among Altcoin traders, features real-time price charts as well as the opportunity to purchase and sell Altcoins directly. 

It supports more than 100 different currencies and tokens. Moreover, Exodus also provides a selection of alternative applications to improve your trading experience and manage your money.

This Altcoin wallet is non-custodial, which means that it is primarily the responsibility of the user to keep their passwords and recovery phrases secure and confidential. If you don’t have them, you’ll be unable to access money in the future. 

If you’re a trader who is eager to invest in Altcoins, Exodus has a lot to offer, including the ability to trade while on the road straight from its mobile application.

Pros

• Free Setup
• Supports more than 100 coins and tokens
• Available on desktop, Android, and iOS
• Trading apps and live charts available

Cons

• Higher conversion fees
• Less secure

Indacoin Wallet

For Android and iOS smartphones, Indacoin Wallet is a mobile cryptocurrency wallet that supports a variety of cryptocurrencies. This wallet has received favorable feedback from its customers, and it provides a free method for getting access to a wallet in seconds. 

Indacoin Exchange is owned by this organization, and this wallet allows you to trade Altcoins as well as purchase them using a debit or credit card.

The Indacoin Wallet is simple to use, making it an excellent choice for novices. A total of over 100 different currencies and tokens are accessible via the wallet. Account activation is as simple as providing a cellphone number, and customer service is accessible around the clock. 

This is particularly critical in the event that you lose access to your wallet due to a password forgetting incident.

Pros

• Supports more than 100 coins and tokens
• Direct Altcoin purchase or conversion
• Available on Android and iOS
• Supports recovery option

Cons

• Android app has bugs
• Less secure 

Conclusion

As cryptocurrencies continue to develop, so will the best Altcoin wallets, which will become more and more sophisticated. 

In addition to the wallets listed on this page, there are countless more platforms where you may purchase, sell, and store cryptocurrencies and tokens. 

However, the wallets we discussed about on this page are super dependable, respectable, and trustworthy. Picking a wallet provider you can rely on, much like choosing a bank account, may save you time, money, and frustration.