7 Best Crypto Wallets For Android

Cryptocurrencies are unarguably highly prized digital assets. Not only because of their present value, but because of their potential future value.

Thousands of people are profiting daily from trading crypto and others have made millions from being early investors in Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Those who didn’t catch the train ride early are waiting for a price decline in these tokens, just to acquire them. Investing in cryptocurrencies is fast becoming the new norm, as some people are now requesting that their salaries be paid in Bitcoin, so they can save, or own a portion of it.

Finding the perfect wallet to store your crypto tokens will give you the peace you need to carry on with your day-day life. It will also give you the confidence to keep investing for your future! In this article, we’ve listed some of the most secure and reliable crypto wallets for Android. Let’s jump in!

1. Coinbase Wallet

Coinbase wallet is a self-custodial wallet, which means you have complete control over your crypto. You also have your private keys and data. This wallet supports more than a hundred ERC-20 tokens and allows you to store NFTs.

Coinbase wallet is owned by Coinbase, a popular cryptocurrency exchange founded in 2012. The Coinbase wallet is a separate entity from the Coinbase exchange wallet. You do not need to be a Coinbase user to use this wallet.

What do We love about Coinbase Wallet?

Coinbase wallet is very easy-to-use and great for beginners new to the crypto markets. In addition to this, the wallet holds many features that crypto enthusiasts will find valuable. For instance, users can buy cryptocurrencies within their wallets using credit/debit cards. They can also swap, send, and receive cryptocurrencies in their wallets. Even earn interest on Hodling crypto!

Features

• Supports 100+ ERC-20 tokens
• Buy and Store NFTs
• Buy crypto with debit/credit cards
• Buy, swap, send and receive cryptocurrencies
• Earn interest on crypto – up to 12% APR
• Access to a whole world of Decentralized applications (Dapps)
• Supports Android devices

Security

Coinbase wallet uses industry-leading security options and encryption to keep users’ data and crypto safe.

What Makes Coinbase Wallet Unique From Others?

• Reputable Wallet
• Buy crypto with debit/credit card
• Supports NFTs (ERC721 tokens)
• Earn interest in your crypto
• Swap crypto tokens easily.
• Top-notch security

Has Coinbase Wallet Been Hacked?

No, but in 2021, Coinbase Exchange did suffer a cyber-attack where 6000 users’ accounts were hacked, leading to loss of funds.

2. Coinomi

Coinomi is a trusted and secure multi-chain wallet used by millions of users worldwide. It supports 1700+ assets and true ownership of more than 125 blockchains.

Coinomi was founded in 2014 and is one of the oldest multi-chain wallets available in the market.

What do we love about Coinomi?

Coinomi is one of the most reputable wallets for Androids systems. In addition to being a secure wallet, it is also packed with many features that make crypto trading convenient right from your wallet. With features like a built-in exchange, users can exchange 168 fiat currency representations along with hundreds of blockchain assets. Some other features include;

Features

• Easy registration and anonymity – No KYC verification is needed
• Low fees for sending and receiving crypto
• Buy Crypto via Simplex
• Send, receive and store crypto
• Segwit support – Faster confirmation and lower fees for Bitcoin, Litecoin, and other coins
• Cold Staking – Earn rewards on crypto
• Supports NFTs and ERC721 tokens – store, access, and manage your collectibles
• Supports DeFi services
• Offers support in 25 languages including Russian, English, Chinese, and more

Security

Coinomi maintains a superb quality standard. Your private keys will never leave your device. They also use strong wallet encryption and cryptography to guarantee that your funds will remain safe under your ultimate control.

What Makes Coinbase Wallet Unique From Others?

• Never been hacked
• Faster confirmation for Segwit enabled coins
• Supports Collectibles (ERC721 tokens)
• Blockchain-based ID
• No KYC verification needed – Perfect for those who want to transact anonymously.
• Crypto-enabled gift cards.

Has Coinomi Been Hacked?

Since its launch in 2014, Coinomi has never been hacked and no user has ever been lost.

3. Crypto.com DeFi Wallet

Crypto.com DeFi Wallet is a non-custodial wallet, which means that you have full control of your private keys. You can send crypto to anyone at your preferred confirmation speed and network fee.

Crypto.com was founded in 2016 and has grown to become one of the most reputable cryptocurrency exchanges. The company sponsors many mainstream sporting activities like UFC, Formula1, and most recently, they announced they will be sponsoring the 2022 FIFA World Cup.

What Do We Love About Crypto.com DeFi Wallet?

Crypto.com DeFi wallet is the best place to store your cryptocurrencies while you go about your daily lives. You can send, receive, and earn cryptocurrencies within the app. Also, it is highly functional with a beautiful interface that new users will find easy to navigate.

Features

• Store, send and receive cryptocurrencies
• Supports 100+ DeFi assets
• Swap crypto for any one of the available assets in the wallet
• Earn crypto through staking

Security

Crypto.com employs industry-grade security to protect users’ wallets.
Your private keys are encrypted locally on your device with Secure Enclave, protected by Biometric and 2-Factor Authentication.

What Makes Crypto.Com DeFi Wallet Unique?

• Crypto Staking – Earn on your investments

Has It Ever Been Hacked?

The CEO of Crypto.com confirmed to Bloomberg that the exchange was indeed hacked and they lost about $34 million.

4. Trust Wallet

Trust Wallet is a simple and secure mobile wallet for Ethereum and ERC20/ERC223 tokens. It is used by 25 million+people worldwide. It allows you to buy, store, collect NFTs, exchange & earn crypto.

Trust wallet is owned by its parent company, Binance, which was founded in 2017, and is the largest cryptocurrency exchange in the world by market cap.

Why Do We Love Trust Wallet?

Trust Wallet is an easy-to-use crypto wallet that is great for beginners and NFT Collectors. It holds many features like a built-in exchange to facilitate crypto swaps and a browser to access a whole world of Dapps.

Features

• Buy cryptocurrencies with credit/debit cards
• Store, send and receive cryptocurrencies
• Earn interest on your Crypto
• Supports 200+ ERC20 tokens’
• Supports NFTs
• Built-in exchange
• Built-in browser to access Dapps

Security

Trust wallet is very private and secure. They do not collect any personal data from users. And they use industry-grade security to protect users’ crypto.

What Makes Trust Wallet Stand Out From Others?

• Supports NFTs
• Crypto staking
• Buy Crypto with your card
• Built-in exchange
• Browser to assess decentralized app

Has Trust Wallet Been Hacked?

No, but its parent company Binance was hacked in 2019

5. Exodus

Exodus is a leading cryptocurrency wallet for Desktop, mobile, and web applications. It allows you to send, receive, and exchange Bitcoin along with other 160+ cryptocurrencies with ease.

Exodus was founded in 2015 by two well known individuals in the crypto space.

What Do We Love about Exodus?

Exodus is a crypto wallet designed to give you complete control over your cryptocurrency assets. It has a crisp design that is easy to navigate and great for beginners. It is also packed with features that make cold storage easier.

Features

• Supports 160+ crypto assets
• Live charts and portfolio
• Built-in exchange
• Supports hardware wallets
• Crisp and professional design

Security

Exodus uses advanced security measures to protect its servers and users’ crypto.

What Makes Exodus Unique Out From Others?

• Hot and cold storage option
• Built in-exchange

Has Exodus Wallet Ever Been Hacked?

No, Exodus has never been hacked. They do not hold user’s private keys or data.

6. MetaMask

MetaMask is a software crypto wallet for mobile and desktop. They aim to make it easy for users to explore blockchain applications and decentralized web apps. You can buy, store, and send tokens globally with ease and lightning speed.

Metamask was founded in 2016. It functions as a software crypto wallet & gateway to blockchain apps. It is used by 21 million people worldwide.

Why Do We Love MetaMask?

MetaMask has been around for quite some time and they’ve established themselves as a reputable crypto wallet. They are also the go-to for most beginners. The wallet itself has simple and easy-to-use features, which makes it perfect for crypto investors.

Features

• Buy cryptocurrencies
• Store, send, and receive crypto
• Swap cryptocurrencies
• Supports ERC20 tokens
• Secure access to your data.
• Explore other blockchain apps

Security

MetaMask is very secure, which is why it is trusted by 21 million people. Users own their private keys and have complete control over their data.

Why is Metamask Unique From Others?

• Very reputable
• Offers basic crypto wallet feature – good for beginners

Has MetaMask Ever been Hacked?

No, MetaMask has never been hacked.

7. SafePaal

SafePal cryptocurrency wallet is a secure, easy-to-use and free application to manage cryptocurrency at your fingertips. It was founded in 2018 and now has more than 3 million users worldwide. The company offers both software and hardware crypto wallets, which can all be managed from the SafePal app.

Why Do We Love Safepal Crypto Wallet?

With your SafePal wallet, you can store, send and receive crypto with ease, and enjoy the smooth and intuitive user experience. It is perfect for beginners and offers both hot and cold storage options.|

Features

• Buy crypto with credit card, bank account, Ideal, and more options
• Swap and exchange crypto in wallet
• Access to Dapps and blockchain applications
• Supports 100+ cryptocurrencies
• Supports Hardware wallets
• Manage hardware, software, and trading wallets, in one app.

Security

Safepal uses secure encryption to protect users’ data and offers both hot and cold storage options for crypto.

What Makes SafePal Wallet Unique from Others?

• Offers Both Hot and Cold storage options
• In-built crypto exchange
• Access to Dapps

Has SafePal Ever Been Hacked?

No, SafePal has never been hacked.

Final Words

All the above listed crypto wallets are ideal for Android systems. They each possess advanced security measures and users have their own private keys. The only difference is in the features they offer, where some wallets support NFTs, others do not.

And where some wallets offer offline and online storage options, others don’t. Depending on the type of investor you are, you can choose a crypto wallet option that best suits your needs.