E Best Cryptocurrency Wallets For Beginners

As a new entrant into the cryptocurrency ecosystem, it gets very hectic for you to settle on a wallet considering the number of options available. 

In this article, we narrow down the best cryptocurrency wallet options into a list of applications that are best suited for beginners.

What is a cryptocurrency wallet?

A cryptocurrency wallet is an application that allows you to store, send, and receive digital assets like Bitcoin, Ethereum, Litecoin, Monero, etc. It is very important for you to use a trusted crypto wallet to avoid losing your funds. Moreover, we advise you to always chose a decentralized wallet for which you hold the private keys. Always remember: “Not your keys, not your crypto!”.

What's more, you should refrain from keeping your cryptocurrency on an exchange to prevent loss of funds in case the exchange's security gets breached. 

Here are the top 5 cryptocurrency wallets for beginners:

1. Exodus Wallet

Exodus wallet is a hybrid cryptocurrency wallet that is available on desktop and mobile. The wallet also has a built-in exchange feature that allows you to exchange one cryptocurrency for another quickly.

Further, Exodus allows you to store your private keys on your device. The generated back up seed will enable you to recover or move your wallet. The platform also has a one-click email recovery method in case you misplace your seed.

Exodus is a great wallet option for beginners because of its intuitive and easy to use interface, especially on mobile. Also, the application allows you to keep several cryptocurrencies on the same platform.

2. FreeWallet

Launched in 2016, Freewallet is one of the most popular cryptocurrency wallet applications. Initially, the platform had just a standalone wallet for every cryptocurrency but has developed a unified app for all.

For new users, you should use the Freewallet Crypto wallet, which supports several cryptocurrencies in one app available on mobile devices.

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If you are new to cryptocurrency, you should check out our series of beginners' guides on our site to help you ...

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