![]() It enables users to keep all of their crypto in one place while plugging into multiple different exchanges.Įxodus allows you to set custom fees to keep expenses low, as well as automatically set a fee to ensure the transaction is completed quickly. Exodus also supports swaps between more than 150 different cryptocurrencies. It is a simple, beginner-friendly wallet that supports more than 180 different cryptocurrencies. ![]() If you want to store a multitude of crypto assets in a free non-custodial wallet, you can go ahead with Exodus. Hence, if you want to store other cryptocurrencies, this is not for you. It's not beginner friendly and only works with BTC. This wallet offers the best efficiency and security features as it was designed specifically to work with the bitcoin blockchain. You can also add custom words to your seed phrase. You can opt for a standard wallet with 2-factor authentication or a multi-signature wallet. Furthermore, it validates the information reported by servers using a mechanism known as Simple Payment Verification.Įlectrum allows its users to set custom transaction fees as well as determine the level of security they wish to use. The company states that private keys are never sent to the servers by the Electrum client. It is free, secure, and open-source software with some advanced features and options. It's been in the game since 2011 (for over a decade). Electrum was created specifically to be used with bitcoin. If you want to hold Bitcoins, there is a wallet designed especially for this. MetaMask offers a mobile app as well as a browser extension to customers, which reduces any kind of friction in onboarding. This is a significant security enhancement over storing user keys on a single central server or even locally, which can allow for mass account thefts. MetaMask enables users to manage their accounts and keys in a variety of ways while keeping them separate from the site context. The wallet works with anything built on Ethereum, which accounts for a sizable portion of the Web3 world. ![]() Metamask has a very user-friendly interface and provides quick and easy access to thousands of tokens and decentralised apps within the Ethereum network. Remember, it's a hot wallet (i.e., connected to the internet). If you are not looking for a cold, self custodial wallet, this is a go-to wallet. MetaMask is not only the most popular and widely used wallet, but it is also free. That being said, here are some of the best self-custody wallets available on the market: You risk losing all of your funds if you misplace or forget your recovery phrase. If you lose the phrase required to restore your wallet, nobody can help you. Although self-custodial wallets are more secure than custodial wallets in many aspects, you need to be careful when using a self-custodial wallet.Īs a user, you must keep your recovery phrase incredibly secure and confidential. Users' private keys are not available to third parties, and the user solely owns or can access funds held in these wallets. ![]() As the name suggests, Self-Custodial wallets (also known as non-custodial wallets) give their users complete control of their crypto assets.
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