Multi-currency wallets are online crypto wallets that allow users to hold, send, and receive a wide variety of cryptocurrencies. The benefits of multi-currency wallets are numerous. For example, crypto traders can keep their digital assets in one secure location. Additionally, these wallets offer users a chance to access a large variety of digital assets all in one place.
Some of the most popular multi-currency wallets in the crypto space include Atomic Wallet, Trust Wallet, Exodus Wallet, Coinomi, Ledger Nano, Copay, and Trezor. This guide will focus on each of these multi-currency crypto wallets and reveal the features of each wallet.
Atomic wallet is a multi-currency crypto wallet that supports over 300 different digital currencies. The Android and iOS version of this non-custodial wallet was released in October 2018. Currently, users can access the desktop version of the wallet on their macOS, Windows, Debian, Ubuntu, and Fedora desktop computers and laptops.
The platform offers users secure and convenient crypto transactions. Similarly, users will find several other exciting and special features when they download the wallet. For example, this wallet offers an affiliate program to its users, meaning that older users will receive commissions when they bring new users to the Atomic platform.
The wallet also offers a token swap feature to users with the Atomic Swap feature. However, the list of assets that are allowed to be exchanged on the token swap page is limited. Users can buy cryptocurrencies on the atomic wallet using the USD and EUR currency. Additionally, users can exchange their crypto assets using Shapeshift or Changelly.
Trust wallet is a digital wallet that is owned and managed by top crypto exchange Binance. The wallet supports over 150 types of crypto assets, and new cryptocurrencies are continually being added each day.
Trust wallet is available for download on the Google play store and Apple store. It is a very versatile wallet that can be used on Android and iOS devices since the code has been written in the native code of each platform. The wallet’s code is written in Java for Android devices and Swift for iOS devices.
Similar to the Atomic wallet, the Trust wallet has a token swap page for its users. Additionally, users of the platform can stake various digital assets in the wallet to earn more digital assets.
Trust wallet is a non-custodial wallet, meaning that an external third party does not control users’ transactions. As a result, users are fully in control of their private keys. Additionally, the wallet offers users access to several decentralized apps and decentralized exchanges while providing solid security features.
Initially, the wallet supported only ERC20 and ERC223 tokens. Now, the wallet can also hold tokens based on other blockchains, such as those from Solana. Due to Trust Wallet’s partnership with Kyber Network’s native decentralized exchange (DEX), users can purchase digital assets.
Exodus is a relatively new crypto wallet that users can store a large variety of crypto assets in. Users will find popular digital assets like Bitcoin, Ethereum, Dogecoin, Litecoin, and Dash in the wallet. In terms of its user interface, Exodus has an excellent user interface and offers users a simple and easy-to-use wallet.
An extra feature about this wallet is that it allows users to exchange altcoins within the wallet. This feature makes exodus stand out as a shapeshift exchange. The wallet also offers solid security, beginner-friendly features, and it is free for all users. However, the wallet does not have a mobile app.
This Seg-wit enabled wallet offers users the opportunity to exchange, manage and hold over 1500 different types of digital assets. All assets in this digital wallet can be swapped instantly using the swap feature in the wallet. Some of the top digital assets in the wallet include Bitcoin, Ethereum, Bitcoin Cash, Monero, Litecoin, USDT, USDC, and Ripple.
The Coinomi wallet can be characterized as a “hierarchically deterministic” wallet. To put it simply, Coinomi creates the account seed using a particular type of algorithm. In essence, the seed serves as a kind of “master password” that gives the account an additional layer of security. Due to this, users are encouraged to store their seed phrase in a secure external location that is not on the internet.
This is a physical hardware multicurrency wallet that offers excellent security features. The wallet has been tested repeatedly and has received rave reviews from a diverse range of users. However, Trezor does not support some significant digital assets like Ripple.
- Trezor was initially developed as a physical wallet, but it is now available for Windows, OS X, and Linux-based desktops and laptops. For crypto enthusiasts who want to store a large number of digital assets, this wallet is suitable.
This wallet allows users to carry out transactions in a secure environment even when they are connected to the internet. In this way, users of this wallet can be assured of the security of their private keys. The Trezor wallet is not free, and users are expected to pay up to $100 to get the wallet.
Jaxx is a multicurrency wallet that allows users to buy, sell, and store over 80 different types of digital assets. The wallet has a ShapeShift application that can be used to purchase and exchange digital currencies instantly.
The wallet also offers users cross-platform pairing of different digital assets. The Jaxx wallet has high functionality, and its services are synchronized across all of its platforms. This includes platforms like web browsers, mobile apps, and desktops.
Ledger Nano is essentially a USB device that uses smart cards to store user cryptocurrency. They are similar to USB flash drives.
This hardware wallet was designed to prevent attacks and hacks from external users. This wallet is not free, but it is inexpensive, and users can purchase it at a very affordable price. Additionally, users can recover seed phrases using this wallet without connecting it to a computer.