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The Best Cryptocurrency Wallets

Custodial wallets hold crypto funds on behalf of their clients. They are equivalent to a bank account in the crypto world.

Learn more

Our Pick

Wirex

4.3

ABOUT

Wirex offers a borderless account that holds a range of fiat currencies and crypto and lets you seamlessly exchange between the two.

THE BEST THING

A debit card that gives you 0.5% cashback in Bitcoin for every purchase you make

PLATFORMS

PAYMENT

ASSETS

+1 more

Runner up

Coinbase

4.1

ABOUT

Founded in 2012 in San Francisco, Coinbase is a custodial digital currency wallet with an integrated trading platform.

THE BEST THING

Simple to use and good reputation

PLATFORMS

PAYMENT

ASSETS

+6 more

Only USA

OnJuno

4.6

ABOUT

OnJuno offers a US citizens a crypto native bank account allowing to users to get their salary paid in crypto.

PLATFORMS

PAYMENT

ASSETS

+1 more

Crypto.com

4.1

ABOUT

Crypto.com offers a wallet and a suit of adjacent services letting you use your crypto to get a loan, lend it out and earn interest on it or spend it through one of their debit cards.

THE BEST THING

Earn interest on your crypto funds

Order a card and receive $25 worth of CRO tokens

PLATFORMS

PAYMENT

ASSETS

+7 more

Xapo

4.1

ABOUT

Xapo is a Hong-Kong based bitcoin wallet known for its extremely safe and sophisticated cold storage custody technology.

THE BEST THING

Multiple top-up options

Sign up and get $10 free when you add $100

PLATFORMS

PAYMENT

ASSETS

Luno

4.0

ABOUT

Luno is an Ethereum and Bitcoin wallet used by more than 3million people. It makes buying & sending crypto very easy.

THE BEST THING

Excellent customer support

Receive €15 if you buy €250 worth of Bitcoin

PLATFORMS

PAYMENT

ASSETS

What are Custodial Wallets?

As opposed to non-custodial wallets, custodial wallets hold crypto funds on behalf of their clients. This means that your funds are not tied to a blockchain address under your control.

Instead, the wallet provider holds all funds and is responsible for securing them. Because they store the funds for you, they are often compared to banks and like banks, are also regulated financial companies. Among other things, that means they have to verify the identity of their users, restrict their services in certain countries or even censor certain payments to comply with authorities. You will also notice a custodial wallet from the fact that you will not receive a private key when installing the app.

How to Choose a Custodial Wallet

Reputation

As custodial wallet providers take the responsibility of holding your funds for you, it’s important that you choose a trustworthy provider. Has the company ever been hacked? Are they backed by well-respected investors?

Fees

Similar to exchanges, most custodial wallets will let you buy and sell crypto from within the wallet. Good wallets are transparent about their fees and shouldn’t charge more than a 2% mark-up on the market rate.

Geographical coverage

Because custodial wallets hold your funds in custody and handle fiat payments they are subjected to regulation (unlike non-custodial wallets). This means they can only operate in whichever country they hold licenses. Search for a wallet that operates in your country.

Ease of use

Does your wallet offer a credit card so you can spend your crypto in stores? Can you earn interest on your crypto deposits? Make sure to choose a wallet offering the features that are most important to you.