The global cryptocurrency wallet market was valued at $10.28 billion in 2023, and it is expected to surpass $94.45 billion by 2033, with a compound annual growth rate (CAGR) of 24.83% from 2024 to 2033. Currently, cryptocurrency wallets account for nearly 25% of sales in the overall cryptocurrency market. According to Statista, in March 2024 alone, downloads of the largest cryptocurrency storage apps worldwide exceeded 23 million.
One of the key advantages of cryptocurrency wallets is their capacity to securely store users’ private keys or passwords, making their cryptocurrencies safe and accessible. This allows users to send and receive cryptocurrencies such as Ethereum and Bitcoin.
Crypto wallets are often the first point of contact with blockchain for most novice users as they begin exploring the world of cryptocurrency, making the quality of these wallets a crucial factor in determining whether a user continues their crypto journey. This article will review the latest and most popular crypto wallets on the market and explain why they deserve their place in our rankings.
Bitget Wallet
Bitget Wallet has recently reported reaching 12 million monthly active users — a record metric in the market. It is now the top Web3 wallet by app downloads, surpassing MetaMask and hitting the milestone of 30 million users, making it the largest Web3 wallet on the market.
The key to its popularity lies in its multifunctionality and advanced user experience. Bitget Wallet was the first to achieve multi-chain aggregation, allowing users to interact with decentralized apps across various blockchains — all within a single app. This gives Bitget Wallet an edge over MetaMask, which has traditionally focused on the Ethereum ecosystem.
Additionally, Bitget Wallet offers on-chain token charts and cross-chain transactions and integrates NFT markets and launchpads on multiple chains. It has integrated with over 100 major public and EVM-compatible blockchain networks, making it the best all-in-one entry point for crypto users.
Bitget Wallet’s security is backed by cryptocurrency exchange Bitget, a leader in spot and derivatives trading. It boasts a unique DESM encryption algorithm and a $300 million User Protection Fund, providing a strong security track record.
MetaMask
Being the longest-tenured and most well-known crypto wallet in the market, MetaMask is probably an app that started it all for many crypto enthusiasts years ago.
MetaMask’s feature set has significantly expanded over the years. Originally designed for Ethereum tokens, it now includes an NFT gallery, a token bridge, Ethereum staking capabilities, and the MetaMask Portfolio, a suite of tools that offers experienced users more control over their digital assets.
In August, MetaMask launched the world’s first crypto payment card in partnership with Mastercard and Baanx. This launch will likely have a significant impact on the industry as a whole as it will contribute to the global mass adoption of crypto into everyday casual use.
However, its market-leading status comes with both advantages and challenges. As the most popular software wallet, MetaMask has become a target for hackers and has sparked debates about its decentralization, with some users concerned about the level of authority it holds in the Web3 space.
Tangem
Tangem stands out in the 2024 crypto wallet landscape with its blend of security, simplicity, and versatility. Available in two forms — a plastic card and a zirconia ceramic ring — Tangem emphasizes top-tier protection with its EAL6+ certified hardware, safeguarding against both invasive and non-invasive attacks.
The wallet’s firmware has undergone independent audits by Kudelski Security and Riscure, ensuring the absence of backdoors and maintaining firmware integrity with no updates allowed post-installation. Tangem supports over 6,000 cryptocurrencies across 65+ blockchain networks, providing users with robust management capabilities including buying, selling, and swapping assets. Its IP68-rated durability ensures resistance to dust, water, EMP, ESD, and X-rays, while NFC connectivity simplifies asset management through the Tangem mobile app without needing additional power sources.
Additionally, Tangem Express offers secure, competitive token swaps. This combination of advanced security features, extensive cryptocurrency support, and durable design makes Tangem a compelling choice for crypto enthusiasts.
Coin Wallet
Coin Wallet was founded by CoinSpace LLC in 2015, starting with both mobile and browser versions. Initially focused solely on Bitcoin, the wallet evolved over the years, reflecting the growing diversity of the cryptocurrency landscape. By 2021, Coin Wallet launched its desktop application, expanding its user base by offering more flexibility across devices.
In response to market demand, the wallet’s supported assets grew steadily. By 2021, Binance Smart Chain tokens and Dogecoin were integrated, with further additions in 2022, including Cardano, Ethereum Classic, Solana, and Tron. A significant milestone came later that year when Coin Wallet became one of the first platforms to support the Monero hard fork, solidifying its position as a forward-thinking and adaptable platform.
By 2024, Coin Wallet had introduced support for Toncoin, Fantom, Optimism, and their respective tokens, bringing the total to 21 supported currencies, not counting the hundreds of tokens available. Today, Coin Wallet is used by over 24 million wallets across 190 countries, making it the most popular and secure non-custodial multicurrency wallet.
Crypto.com
Not only does this wallet have the most desirable name and URL on the market, but it has deservingly earned its spot as one of the safest and most secure wallets in the sector.
Crypto.com has a stellar reputation with regulation compliance, and though it did face an exploit back in 2022, since then the wallet has incorporated top-notch encryption technology, and biometric and multi-factor authentication to protect its users.
What sets it apart is its seamless integration with the entire Crypto.com ecosystem, allowing users to trade, earn, and even spend crypto with the Crypto.com Visa card.
In August, Crypto.com announced that its US users can now purchase cryptocurrencies with PayPal, allowing people to seamlessly buy crypto in a much faster and more convenient manner. This feature is set to attract many new US-based users to the wallet given that PayPal is a well-established and trusted payment option with a good history in the region.