Looking for the best place to store your cryptocurrencies? Look no further. Here are our reviews of four of the top cryptocurrency wallets.
NAGA WALLET
When it comes to cryptocurrency wallets, the NAGA WALLET is undoubtedly the best — thanks to its ability to drastically simplify all that which makes cryptocurrency storage and trading complicated.
The NAGA WALLET supports over 1,200 different cryptocurrencies, and crucially supports crypto-to-email transactions — effectively eliminating the need for complicated private keys. NAGA WALLET users are able to both send and receive cryptocurrencies by just using a registered email address.
Additionally, NAGA WALLET features some of the lowest fees found anywhere in the cryptocurrency space, while affording users the ability to take advantage of zero fees on internal transactions.
NAGA WALLET is also an ICO hub, making participation in token sales easier than ever before, while also offering real-time token price information, instant transactions, and a built-in exchange — allowing users to internally convert cryptocurrencies with just a few clicks. One user told Bitcoinist:
I recently made a BTC transaction and forgot that I’d set a super low fee. I was afraid that it would be stuck there forever. In the end, I waited 7 hours for the confirmations to go through. With NAGA WALLET, however, transactions to other NAGA WALLETS are instant — now, I really understand the benefit.
Hands down, when it comes to functionality, no wallet tops NAGA WALLET.
Coinbase
After NAGA WALLET, Coinbase is probably the second best wallet available to cryptocurrency investors.
Coinbase’s greatest strength is its ease of use and beginner-friendly interface, which makes it easy for even the most computer-illiterate to make their first Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), or Bitcoin Cash (BCH) purchase with fiat currencies.
It’s also one of the most secure hot wallets in existence, with users’ USD funds being completely insured by the FDIC. 2-Step Verification, Google Authenticator support, and the ability to “Vault” large amounts of funds also help users keep some peace of mind.
As an added bonus, users may transfer their funds to Coinbase’s sister exchange, GDAX, for free. However, with only four cryptocurrencies currently supported, Coinbase doesn’t suit the serious cryptocurrency trader’s needs.
GreenAddress
GreenAddress is a robust and private wallet which offers an extensive list of benefits.
GreenAddress may be safely accessed from anywhere, including public WiFi, thanks to watch-only logins for quick balance and transaction checking. All access is controlled by one mnemonic phrase, transactions are instantaneous, keys can easily be swept for imported coins, two-factor authentication is supported, and a GreenAddress signature is required to move coins. Users may also set transaction limits and restrictions and create backup keys.
Additionally, User secrets are never transmitted to GreenAddress’ servers, nor are they stored unencrypted on users’ devices. In fact, minimal information is stored by the service.
For the privacy concerned, GreenAddress is an excellent option.
MyEtherWallet
For those looking to hold their own private keys without spending big on expensive hardware wallets, MyEtherWallet is a great paper wallet.
Users may easily generate their own wallet online and write down their private keys. (Just don’t lose them!) The website neither stores nor transmits any private information, but those who put security and privacy at the absolute forefront may download the wallet from GitHub and run it offline.
Still, paper wallets require more knowledge than the average cryptocurrency investor currently possesses. Because of this, MyEtherWallet isn’t recommended for beginners.
What do you think of these top four cryptocurrency wallets? Do you agree that NAGA WALLET is the best? Be sure to let us know in the comments below!
Images courtesy of NAGA, CNBC
The Rundown
