Investments

Discover the 5 best digital wallets for cryptocurrencies

Most investors are looking for the best digital wallet options to keep their assets safe! Find out what they are here and make your choice.

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Discover the best option in digital wallets to buy cryptocurrencies

melhores carteiras digitais para criptomoedas
Discover the best cryptocurrency wallets. Source: Pexels

Knowing the best digital wallets for cryptocurrencies is essential, especially for those who are new to this world. This way, investors keep their digital coins and tokens safe. 

These digital wallets are essential for investors, especially for those who want to keep their funds saved for a long time. Before choosing an option, investors must know what the options are. 

After all, to keep tokens and digital currencies safe, there is nothing better than betting on one of the best digital wallets for cryptocurrencies! Remember to compare the options and choose the one that best meets your needs.

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What is the best digital wallet for cryptocurrency: top 5 best options

melhores carteiras digitais para criptomoedas
Find out which are the best cryptocurrency wallets. Source: Pexels

First of all, choosing a digital wallet must be done with intelligence and mastery. In other words, investors must carefully evaluate the available alternatives, choosing the one that best meets their needs. 

Firstly, to choose one of the best digital wallets for cryptocurrencies, investors must have the following knowledge: what are they for? Do you want to invest in cryptocurrencies and save them for the long term?

After all, all digital wallets that exist are for a specific purpose. And it is essential to take your needs into consideration before making your choice. See which are the 5 best digital wallets for cryptocurrencies! 

1. Bitfy

Bitfy is one of the best mobile digital wallets, meaning they can be used from your smartphone. It is a digital wallet for Brazil, making access very easy, as it is a platform in the Portuguese language. 

Furthermore, it features a series of functions, from withdrawing to depositing cryptocurrencies. It is possible to say that Bitfy works like internet banking, in addition to presenting a series of features. 

In any case, investors can perform the following functions within this digital wallet: the possibility of buying and selling crypto assets or using bill payment and smartphone top-up services. 

2. Mycelium

Mycelium is another one of the best digital wallet options for cryptocurrencies available on the market. Finally, it is possible to say that this is one of the oldest wallets in operation. 

With operation considered simple, this is one of the safest digital wallets for cryptocurrencies. However, it is important to note that it only stores Bitcoin, and it is not possible to store private keys on the smartphone. 

Once you register on the platform, you need to save your words. After all, due to this security, Mycelium prevents your digital wallet from being invaded by hackers. 

Furthermore, this digital wallet also has protective storage that is offline. These features offer even more protection and security to investors’ cryptocurrencies. 

3. Coinbase

One of the best digital wallets for cryptocurrencies is Coinbase. After all, in addition to being a simple and easy place to store digital currencies, it offers complete security to consumers. 

Furthermore, Coinbase is one of the digital wallets that offer convenience for buying and selling cryptocurrencies. With a variety of features, this platform is the best place to trade!

Finally, among the main features of Coinbase, the following stand out: ease of managing the account; recurring investment in the main cryptocurrencies on the market; access to the official application, making it possible to evaluate market movements. 

In other words, in addition to having secure storage, Coinbase is also the best choice for investors who are looking for protection through insurance and best practices in the sector. 

4. FreeWallet

FreeWallet is another one of the best digital wallets for cryptocurrencies! Anyway, one of the biggest advantages of this platform is, without a doubt, the support for different digital currencies on the market. 

Currently, when registering on the platform, investors have access to Bitcoin and Ether. However, these are not the only digital currencies, as it is possible to store more than 30 versions. 

As well as cryptocurrencies, investors also find ERC-20 tokens. Among the main features of FreeWallet, the following stands out: the possibility of converting one cryptocurrency to another. 

5. Samourai Wallet

Samourai Wallet was created with the aim of facilitating the storage of digital currencies. After all, in addition to having an extremely secure system, it offers users complete privacy. 

Much like other versions of digital wallets, Samourai Wallet bypasses blocks and stores bitcoins offline. This platform has an application with the following functions: dynamic conversion rates, support for Tor & VPN and transactional privacy. 

Ultimately, one of the main advantages of Samourai Wallet is, without a doubt, its ease of use. This app has an app for mobile devices, but it is only available for Android. 

Usage tips

Everything about cryptocurrencies. Source: Pexels

Now that you know the best digital wallets for cryptocurrencies, learn some tips for using them correctly:

  • No digital wallet is 100% secure: Investors are responsible for the security of their cryptocurrencies. In other words, even the most secure platform is useless if users cannot configure it correctly. 
  • Invest only in trusted stores: Remember to purchase the digital wallet through the manufacturer itself or an authorized reseller. After all, it is common for scams or fraud to happen during this investment. 
  • Don't share private information: Finally, once you choose a digital wallet to store your cryptocurrencies, remember to never share your PIN or private keys. 
  • Don't miss the seed of recovery: As soon as investors register for a digital wallet, a recovery seed is sent to users. Store it in a safe environment, mainly to avoid losses if the device is lost, stolen or stolen. 

Last but not least, before choosing a digital wallet, remember to evaluate the available alternatives and choose the one that best meets your needs. 

Anyway, once you compare all the available versions and choose a good alternative, the next step is to register. Remember to save all data and correctly configure the wallet to avoid problems. 

And if you want more information about cryptocurrencies, see below how to join the Crypto.com brokerage!

corretora Crypto.com logotipo em tela de celular, ilustração

How to join the Crypto.com broker?

Joining the Crypto.com brokerage is a simple, practical and online procedure. See the step-by-step guide on how to join the Crypto.com brokerage to start taking advantage of all the services.

About the author  /  Aline Augusto

My name is Aline Mesquita, I'm a writer here on the blog, where I write about finance in general, as well as other topics. I have been working with content creation for 10 years, with a postgraduate degree in Project Management, with expertise in SEO practices, in addition to studying finance, market trends and cryptocurrencies.

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