Best crypto wallets in Australia – 2025 review

The 12 best crypto wallets for value, beginners, Bitcoin, XRP and more.

Each year, we conduct an extensive review of Bitcoin and crypto wallets available in Australia. To arrive at these picks, we've compared more than 50 wallets on features like security, usability, cost and supported coins. This list is then reviewed each month to make sure it is accurate and up to date.

The picks below are designed to help you choose the best wallet for your goals and holdings. Since some wallets are better at some things than others, it's common to use multiple wallets at once. For instance, you might use one wallet for staking and another for its Web3 features.

Regardless of what you choose, it's a good idea to pair any software wallet with a hardware wallet for added security.

Best crypto wallets in Australia for 2025

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Ledger Nano S Plus – Best wallet overall

Ledger Nano S Plus Wallet

★★★★★
Finder score
$79
Price (USD)
5,500+
Assets
Hardware
Wallet type

The Nano S Plus is our pick for the best crypto wallet overall thanks to Ledger's robust security, wide range of cryptocurrencies and NFTs all at the affordable price point of US$79.

The Nano S Plus is a hardware wallet manufactured by French company Ledger, which has been around since 2014. Ledger wallets have a clean security track record, with no hardware breaches recorded.

The accompanying Ledger Live app also allows you to swap cryptocurrencies, purchase them with debit or credit card or put them to work via DeFi and staking. Ledger Live features the Merlin dashboard which lets you interact with 1,000+ DeFi protocols across 10 chains and track yield, PnL and impermanent loss.

You'll be hard-pressed to find another wallet that offers so much value at such a moderate price. Ledger Nano S Plus Wallet markets interface

Pros
  • Cheaper than the Nano X, but has most of the same features
  • Supports 5,500 tokens
  • Highly secure
  • CC EAL 5+ rating
  • Stores private keys to NFTs
Cons
  • Not Bluetooth enabled
  • Not iOS compatible

Ledger Nano X – Best hardware wallet (and best for XRP)

Ledger Nano X Wallet

★★★★★
Finder score
$149
Price (USD)
5,500+
Assets
Hardware
Wallet type
Free shipping

The Ledger Nano X is one of the best-known and feature-rich hardware wallets on the market. Its robust security, support for a wide range of cryptos and connection to both desktop and mobile interfaces are some of the reasons it was our pick for the best hardware wallet.

The Nano X hardware is supported by the Ledger Live app, which helps you manage up to 5,500 cryptos, Ethereum and Polygon NFTs and over 1,000 DeFi apps from a single user interface available on both desktop and mobile. It's also a great choice for storing XRP, which is also supported on Ledger Live.

You can also stake a selection of your digital assets via Ledger Live or put them to work in DeFi.

Ledger has a long track record of providing industry-standard level security for digital assets.

The Nano X is Bluetooth-enabled and compatible with both Android and IOS mobile devices, so you can manage your crypto on the go. Ledger Nano X Wallet markets interface

Pros
  • Manage over 5,500 crypto assets
  • Highly secure
  • CC EAL 5+ rating
  • Mobile and desktop compatibility
  • Stores private keys to NFTs
Cons
  • Expensive compared to the Nano S Plus

Trezor Model One – Best value and beginner hardware wallet

Trezor Model One Wallet

★★★★★
Finder score
$49
Price (USD)
1,000+
Assets
Hardware
Wallet type

The Trezor Model One is the original cryptocurrency hardware wallet and extremely good value at US$49, making it a great choice for beginners looking to get their first hardware wallet. It's a small USB device for securely storing the private keys to your digital assets in cold storage – offline and physically separated from your computer.

The Model One is all you need to manage major crypto assets like Bitcoin (BTC) and Ether (ETH). It is excellent for using with DeFi applications on Ethereum and layer-2 networks.

Trezor Model One Wallet markets interface

Pros
  • Arguably the most affordable hardware wallet
  • Easy-to-use interface and software
  • Can be linked with MetaMask for use with Web3 and DeFi
  • Highly reputable and rated brand
Cons
  • No Solana support
  • Not Bluetooth enabled
  • Not iOS compatible

Coinbase Wallet – Best exchange wallet

Coinbase Wallet

Free download
Price (USD)
450,000+
Assets
Mobile
Desktop
Web browser
Wallet type

The Coinbase Wallet doesn't require a Coinbase account to use it but verified account holders can connect directly to Coinbase's exchange to buy crypto. This seamless integration makes it our pick for the best exchange wallet.

The Coinbase Wallet can be downloaded as a mobile app or browser extension and features an easy-to-navigate UI consistent with the Coinbase exchange. The wallet is automatically configured to support many blockchains, including all EVM-compatible chains, Solana and more.

Security on the Coinbase wallet is consistent with the industry standard for non-custodial wallets, which means it does come with some counterparty risk. If convenience and easy access to your funds on Coinbase is important to you, then this exchange wallet has a lot to offer. Coinbase Wallet markets interface

Pros
  • Sync directly to Coinbase exchange
  • Mobile app and browser extension
  • Preconfigured blockchains
  • Purchase with selected fiats in-wallet
  • Coinbase company backing
Cons
  • Fee for coin swaps in the wallet
  • No DEX in the wallet, you must connect to an external exchange

Trezor Model T – Best wallet for experienced users

Trezor Model T Wallet

★★★★★
Finder score
$129
Price (USD)
1,000+
Assets
Hardware
Wallet type

The Trezor Model T wins our best pick for experienced users thanks to several advanced features which come together to give you greater control over your funds.

  • Multisig. Multisig wallets allow for multiple stakeholders to manage a single Bitcoin wallet. This is particularly useful for businesses and families.
  • Taproot. Trezor Suite supports Bitcoin Taproot addresses which can reduce fees, improve privacy and enable smart contracts on Bitcoin.
  • Shamir backup. Instead of using a single seed phrase, Shamir backup distributes it across multiple phrases which can then be stored in different locations. Think of it like multisig for a seed phrase.
  • Timelock. Users can delay a transaction until a specified block height.
  • Tor Switch. Anonymise your crypto transactions using the Tor network, which can be enabled via Trezor Suite.

Where the Model T falls short is the range of coins and tokens it supports. The Trezor Suite software only supports a small handful of popular blockchains, but through third-party software, the Model T supports over 1,000 coins and tokens.

Trezor Model T Wallet markets interface

Pros
  • Advanced transaction types for Bitcoin
  • Highly customisable security features
  • Integration with MetaMask for additional usability and DeFi
  • Touchscreen for improved functionality and security
  • In-app swaps and purchases
Cons
  • Trezor Suite doesn't support every blockchain
  • No native staking support in Trezor Suite, must use third-party apps
  • Expensive compared to the Ledger Nano X
  • No support for iOS

Ledger Flex – Best wallet for staking

Ledger Flex Wallet

★★★★★
Finder score
$249
Price (USD)
5,500+
Assets
Hardware
Wallet type
Get $20 BTC when you purchase a Ledger Flex in BTC Orange. T&Cs apply.

We've named the Ledger Flex as the best staking wallet because of its range of supported blockchains, coins and staking options, as well as its compatibility with iOS.

Like all Ledger wallets, the Flex supports over 50 third-party wallets and 5,000+ coins, as well as native staking for coins like Ethereum (ETH) and Polkadot (DOT) using the Ledger Live software.

You can easily stake over 25 cryptocurrencies through third-party integrations, including crowd favourites like Avalanche (AVAX) or Solana (SOL) as well as 1,000+ DeFi protocols.

Its next-gen E Ink touchscreen also gives it an edge over the more-affordable Ledger models, the Nano S Plus and Nano X, but without the pirce tag of the top-of-the-line Ledger Stax. Ledger Flex Wallet markets interface

Pros
  • You can stake without sacrificing your security
  • Ledger has great native and third-party staking support
Cons
  • Only some cryptos can be staked via Ledger Live

MetaMask – Best software wallet overall

MetaMask Wallet

Free download
Price (USD)
500,000+
Assets
Mobile
Web browser
Wallet type

With over 30 million monthly active users at the time of writing, MetaMask is a crowd favourite and considered the go to for Web3 and Defi apps, making it an easy choice for best overall software wallet.

MetaMask was one of the first non-custodial wallets to help open the door to the world of Web3 and DeFi. Operating on both desktop and mobile devices, MetaMask lets you connect to dApps, store NFTs and digital assets and trade cryptos across several different blockchains.

A key feature behind the popularity of MetaMask's wallet is the ability to buy and sell cryptos without providing any personal information. To start trading on DeFi exchanges you simply install the app or browser extension and log in using your private seed phrase.

Your MetaMask seed phrase acts as a password, login and proof of ownership all in one. Your information is not stored on any database and asset ownership is entirely in your hands; an important element of decentralisation. MetaMask Wallet markets interface

Pros
  • Easy to set up and install
  • No personal identification required
  • Supports multiple blockchains, including testnets
  • Portfolio dashboard makes managing assets easy
  • Can set spending limits for added security
  • Buy and sell tokens from within the wallet
Cons
  • No native Bitcoin support
  • Limited customer support

COLDCARD Mk4 – Best Bitcoin wallet

COLDCARD Mk4

$167.94
Price (USD)
1
Assets
Hardware
Wallet type

The COLDCARD Mk4 is a popular hardware wallet among hardcore Bitcoiners.

It was designed for Bitcoin maximalists by cypherpunks – technologists who advocate for privacy-enhancing technology.

The Mk4 doesn't have some of the functionality of Ledger or Trezor hardware wallets, but it does offer industry-leading security for the private keys to your BTC.

The device features 2 Secure Element chips – the same type of chips used to protect data for passports and credit cards – to protect your private keys.

To keep the private keys that you store on the device extra secure, you can send BTC to and from your device without even connecting it to a computer. When you use desktop software wallets like Sparrow or Electrum, you can use a microSD card to transfer data back and forth from your computer to your Mk4. COLDCARD Mk4 markets interface

Pros
  • Highly secure
  • Contains 2 Secure Element chips
  • Doesn't require a connection to computer
  • Features a high-contrast 128 x 64 pixel screen for messaging
  • Multisig-enabled
Cons
  • Only supports BTC
  • The user interface for Sparrow Wallet is less intuitive than competitor alternatives
  • You will have to purchase a microSD card adapter for your computer if you prefer to transfer data via the card

Ledger Stax – Best-designed crypto wallet

Ledger Stax Wallet

★★★★★
Finder score
$399
Price (USD)
5,500+
Assets
Hardware
Wallet type
Free shipping

The Ledger Stax was designed by Tony Fadell, the co-creator of the iPod and iPhone, and is easily the most polished hardware wallet on the market.

The device is more sleek and stylish than previous Ledger hardware wallets, yet it still offers the same level of security for which Ledger wallets have come to be known and trusted.

The most notable feature of the Ledger Stax is its 3.7-inch (672x400px) electronic ink (e-ink) touchscreen, which makes managing your assets and clear-signing transactions via the device a smooth and convenient process.

Other features that make the Ledger Stax stand out from previous versions of Ledger wallets are its wireless-charging capability and its lock screen, which you can customise with an NFT.

The device is also shaped differently than previous Ledger wallets. It's the shape of about 5 credit cards stacked on top of one another, while all previous Ledger wallets resembled a flash drive. Ledger Stax Wallet markets interface

Pros
  • Large e-ink touchscreen
  • Wireless Qi charging
  • Bluetooth-enabled
  • Enables clear-signing (to prevent hacks and phishing attacks)
  • CC EAL 5+ security certification (highest level of security against penetration tests)
  • Lock screen can be customised with NFTs
  • Strong casing
  • Sleek design
Cons
  • Most expensive Ledger hardware wallet
  • Can't stake many cryptos via Ledger Live

Zengo – Best for private transactions

Zengo wallet

$0
Price (USD)
180+
Assets
Mobile
Wallet type

Zengo is a multi-chain wallet that supports Bitcoin, Ethereum, Polygon, Base and other blockchains across 180+ assets. It uses MPC (multi party computation) instead of a seed phrase for secutiy purposes, and also offers 24/7 customer support.

Along with support for DeFi and NFTs, Zengo also lets you make private Bitcoin and Dogecoin transactions through its Pro serivce, by generating new addresses every time you make a transaction. Zengo wallet markets interface

Pros
  • Supports multiple networks
  • Sophisticated security features
  • Private transactions
Cons
  • No Solana support
  • Pro service is relatively expensive

Phantom Wallet – Best wallet for Solana

Phantom Wallet

Phantom Wallet

Free download
Price (USD)
4+
Assets
Mobile
Web browser
Wallet type

Phantom is a desktop and mobile software wallet that has established itself as the most popular choice for the Solana network, as well as NFTs.

It can be used on both iOS and Android devices, as well as browsers like Chrome, Firefox, Brave and Edge. While it is primarily a Solana wallet, it also supports Bitcoin, Ethereum and Polygon, and offers a convenient in-app swap feature that lets you move assets between networks in return for a flat 0.85% fee. Phantom Wallet markets interface

Pros
  • Supports variety of browsers and devices
  • Simple set-up and use
  • Supports NFTs and multiple chains
Cons
  • Doesn't offer Ledger support on Firefox
  • Staking is only supported on Solana

Atomic Wallet – Most loved by customers

Atomic Wallet

Free download
Price (USD)
1,350+
Assets
Mobile
Desktop
Wallet type

Atomic Wallet supports Bitcoin, Ethereum and thousands of other coins and tokens along with staking on more than 20 coins. Atomic was also named the 'Most Loved' crypto wallet by customers in the Finder Crypto Wallets Customer Satisfaction Awards. Atomic Wallet markets interface

Pros
  • Easy-to-use interface
  • Supports lots of coins and NFTs
Cons
  • Crypto trading feature isn't most competitive

Top 5 cryptocurrency wallets for customer satisfaction

The Finder customer satisfacion awards ask Australians which brands and products they trust and love the most. For the crypto wallets customer satisfaction awards, we surveyed hundreds of Australians to rate their crypto wallet.

WalletOverall satisfactionTrustworthy/reliable
Up
★★★★★ 4.13/5
83%
Up
★★★★★ 4.01/5
89%
Up
★★★★★ 3.94/5
83%
Up
★★★★★ 3.93/5
83%
Up
★★★★★ 3.79/5
91%

Best Bitcoin wallets Australia

With the notable exception of MetaMask, all of our best crypto wallet selections can also help you safely store your Bitcoin.

The following are some of our other picks for the best Bitcoin wallets in Australia.

Wallet typeAsset support
Electrum Bitcoin Wallet
Hot
Bitcoin only
Sparrow Bitcoin Wallet
Hot
Bitcoin only
Wasabi Bitcoin Wallet
Hot
Bitcoin only
Mycelium Bitcoin Wallet
Hot
Bitcoin only
Blockstream Jade
Cold
Bitcoin only*

Blockstream Jade technically supports a handful of other assets that exist on Liquid Network – a Bitcoin Layer 2 network.

Ledger wallets (Ledger Stax, Ledger Flex, Ledger Nano X, Ledger Nano S Plus)
Cold
Multi-asset
Trezor wallets (Trezor Safe 5, Trezor Safe 3, Trezor Model T, Trezor Model One)
Cold
Multi-asset
SafePal S1
Cold
Multi-asset

What's the difference between a hot and cold wallet?

When deciding which Bitcoin wallet is best for you, you have to first decide whether you'd like to use a hot or cold wallet.

Hot wallets are crypto wallets that remain connected to the internet and are therefore less secure than cold wallets, which can store your assets offline and less suspectible to hacks.

However, hot wallets can be more accessible and easier to use. As a general rule of thumb, you should try and move your holdings to a cold wallet and only use a hot wallet when actively trading or transacting your crypto.

Hot wallets can be used in conjunction with a cold wallet like our pick for the Best Bitcoin wallet, the COLDCARD Mk4.

What is a crypto wallet?

A cryptocurrency wallet is a software program that allows you to store, send and receive digital currencies.

Because cryptocurrency doesn't exist in any physical form, your wallet doesn't actually hold any of your coins – instead, all transactions are recorded and stored on the blockchain.

Some cryptocurrencies have their own official wallets, while other products allow you to store multiple currencies within the same wallet.

Bear in mind that different digital currencies have different address types and you're usually only able to send coins between like wallet addresses. This means you'll need to send Bitcoin to a Bitcoin wallet address, Ethereum to an Ethereum wallet address and so on.

Finder survey: How many Australians use a crypto wallet?

Response
No42.03%
Yes - Coinbase18.12%
Other14.13%
Yes - Ledger8.33%
Yes - MetaMask7.97%
Yes - Crypto.com7.25%
Yes - Trust Wallet4.35%
Yes - Exodus3.26%
Yes - Trezor3.26%
Yes - Coinomi0.72%
Source: Finder survey by Pure Profile of 1009 Australians, December 2023

How do cryptocurrency wallets work?

Instead of holding physical coins, a wallet has a public key and a private key.

  • Public key. This is a long sequence of letters and numbers that forms the wallet address. With this, people can send money to the wallet. It's similar to a bank account number in that it can only be used to send money into an account.
  • Private key. This is used to access the funds stored in the wallet. With this, people can control the funds tied to that wallet's address. It's a lot like your PIN number in that you should keep it 100% secret and secure. However, it's worth noting that not all wallets give you sole ownership of your private key, which essentially means that you don't have full control over your coins.

As well as storing your public and private keys, crypto wallets interface with the blockchains of various cryptos so that you can check your balance and send and receive funds.

Best non-custodial wallets

How wallets and blockchains interact

The blockchain of any cryptocurrency contains a public record of all the transactions that have been made since it began. Your wallet address keeps a record of all your transactions and tracks your crypto balance. By following the chain all the way to the present day, a wallet can figure out how many coins you have.

For example, let's say Alice sends Bob 0.001 BTC. Once this transaction has been verified and added to the blockchain, the ledger records that the amount of Bitcoin at Alice's wallet address has decreased by 0.001 and that the amount of Bitcoin at Bob's wallet address has increased by 0.001 BTC.

The amounts sent and received as well as the public wallet addresses are all public information.

Watch real Bitcoin transactions happening in real-time

Types of cryptocurrency wallets

Let's take a closer look at the different types of wallets available. Each has its own advantages and disadvantages in terms of security, ease of use, convenience and a range of other factors.

Hardware wallets

  • Generally considered to be the most secure option, offline storage, easy to set up and use.
  • Most expensive option and inconvenient if you want quick access to your funds.

Hardware wallets are considered the most secure type of wallet.

They are special devices, similar to USB drives, that connect to your computer. They store your private keys which are used to manage your cryptocurrency (eg, make transactions).

Because the private keys are stored on this separate device, and not your computer or phone, they are technically stored offline and considered much more secure. This is called "cold storage".

The downside is that you need access to the physical device any time you want to make a transaction, which makes it best for long-term storage or use at home, but not ideal for anyone who wants access to their crypto 24/7 or while on the move.

They also cost you money, typically ranging from around $80 to more than $600. Despite the cost, the security and peace of mind they provide is worthwhile.

Popular hardware wallets include the Trezor and Ledger range of wallets.

Software wallets

  • Easy to use, good level of security, plenty of choice, free to download.
  • Risk of computer viruses and malware. Inconvenient if you want to manage your crypto on the go.

Software wallets are apps, browser extensions or websites that store your private keys and are used to manage your cryptocurrency.

They tend to focus on convenience and ease of use. Many now integrate with Web3 software, which means you can use your cryptocurrency with applications made for crypto like games, finance, art and collectibles, NFTs and more.

Software wallets are a good entry point for beginners who don't have enough funds yet to warrant buying a hardware wallet, or want to use Web3 apps regularly.

The downside though is that they're always connected to the internet, which means they are at greater risk of hacks, phishing attempts or malware. Any wallet connected to the internet is called a "hot wallet".

Software wallets can be installed across multiple devices, but you will need to set them up ahead of time. So you will need to access them from your personal phone, laptop or tablet which makes them less accessible than an exchange wallet, but more accessible than a hardware wallet.

Software wallets are typically free.

Exchange wallets

  • Convenient if you plan on trading frequently. Easily access your funds with your account name and password from any device.
  • You don't own the private keys, exchanges are targets for hacking and phishing scams.

Exchange wallets refer to keeping your cryptocurrency on the same platform or exchange you bought it on.

When you do this, the platform manages your private keys on your behalf, reducing the complexity involved with properly storing your private keys.

This means you can easily access your crypto with just your account name and password. If you used an exchange website to buy your crypto, then you can also access it anywhere you have access to the internet.

This makes it an extremely convenient way of storing crypto if you need regular access to it round the clock, which is why many traders typically keep their crypto on exchanges, despite the risks.

Leaving your crypto on an exchange is considered the most risky way to store it. This is because exchanges are frequently the targets of attempted hacks, theft and phishing scams.

If you plan to leave your crypto on an exchange, make sure to enable two-factor authentication and other enhanced security measures.

Exchanges are also at risk of mismanagement. Events like the collapse of the FTX Exchange show that exchange operators may engage in business practices that put user funds at risk.

How to choose the best crypto wallet

Now that you know all about the different types of wallets available, it's time to find a wallet that's right for you. To do that, you'll need to consider your needs and compare a range of wallets based on several key factors, including the following:

  • The type of wallet you want. This factor comes down to personal preference. If security is your number 1 priority, you'll probably want to compare hardware wallets. But if your main goal is being able to quickly and conveniently access your coins, a mobile or web wallet may be your preferred choice.
  • Ease of use. Sending, receiving and storing cryptocurrency can be complicated and confusing, particularly for beginners. It's essential that any wallet you choose suits your tech knowledge and level of crypto experience. So while crypto novices might focus on finding a wallet that is simple to set up and use, experienced holders might look for more advanced features including in-wallet exchange and multi-signature transactions.
  • Security features. Find out the security features of the wallet such as 2-factor authentication and multi-signature functionality. Will your private key be stored online or offline? Has the wallet ever suffered any security breaches?
  • Other features. Check what other features the wallet includes, such as the ability to exchange between currencies within your wallet or providing easy access to live fiat exchange rates or other market information.
  • Supported cryptocurrencies. Are you looking for a wallet that stores just 1 crypto, like Bitcoin, or are you in the market for a multi-currency wallet? Make sure the wallet you choose is compatible with the cryptocurrencies you need to store and remember that some coins and tokens can only be held in an official wallet.
  • The team behind the wallet. Next, see what sort of information you can find out about the people behind the wallet. How long have they been in business? What qualifications do they have? Are they continually working to upgrade and improve the wallet?
  • Cost. While most crypto wallets are free to use, choosing a hardware wallet means you'll have to be willing to part with some cash. Consider the upfront price and shipping costs when making your decision. Some wallets charge a fee for every transaction you make, so check the fine print.
  • Reputation. What level of community trust does the wallet have? Check out a range of independent online reviews to gauge how other users rate the wallet and whether they would recommend it.

Want to compare more options?

You can use the table below to compare a bigger range of the top crypto software and hardware wallets on price and supported assets.

Prices are subject to change and should be used as a general guide only
1 - 10 of 70
Product GXFCY-WLT Wallet type Supported assets Price (USD) Offer Disclaimer
Zengo logo

Mobile

180+

Free download

Ledger logo

Hardware

5,500+

$149

Free shipping
Bitget Wallet
Bitget logo

Mobile, Desktop

500,000+

Free download

NGRAVE logo

Hardware

3,500+

$398

Trezor logo

Hardware

1,000+

$129

SafePal logo

Hardware

30,000+

$49.99

Free shipping when you buy 2 or more products. T&Cs apply.
Ledger logo

Hardware

5,500+

$79

Blockstream Jade
Blockstream logo

Hardware

4+

$79

Trezor logo

Hardware

1,000+

$49

Ledger logo

Hardware

5,500+

$399

Free shipping
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Ask the experts: What are the most important features in a crypto wallet, besides security?

Paul Levy's headshot
Expert insight

"A wallet should have an intuitive and easy-to-use interface, making it accessible to both beginners and experienced users. The ability to store and manage a variety of cryptocurrencies is crucial, as the crypto market consists of numerous digital assets. A good wallet should provide a reliable backup and recovery system to protect against data loss or theft of the wallet's private keys. Access to transaction history and reporting features is essential for tracking your cryptocurrency holdings and activities."

Paul Levy
Senior lecturer, University of Brighton
Ruadhan O's headshot
Expert insight

"Interoperability with web3-enabled sites is probably the most important feature after security for crypto wallets today. WalletConnect makes it possible to use a wide range of wallets to interact with web3 sites. Cross-chain compatibility and the ability to do swaps inside the wallet can also make life a lot easier."

Ruadhan O
Creator, Seasonal Tokens
Mitesh Shah's headshot
Expert insight

"The wallet should be easy to use and navigate. Users should be able to easily send, receive, and store their cryptocurrencies. The wallet should support the cryptocurrencies that users want to use. Multi-signature wallets require multiple signatures to authorize transactions. This makes them more secure than single-signature wallets.Cold storage wallets allow users to store their cryptocurrencies offline. This is the most secure way to store cryptocurrencies, as it protects them from hackers. Some crypto wallets offer additional features, such as staking, lending, and decentralized exchange (DEX) integration."

Mitesh Shah
Founder & CEO, Omnia Markets

Compare cryptocurrency wallets

How to use a crypto wallet

The first thing to understand is that how you use a cryptocurrency wallet will vary depending on the wallet you've chosen, and the blockchain (or coins) you're using.

While the basic principles are similar, you should make sure to read a guide specific to the wallet you've downloaded before making any transactions.

How to receive cryptocurrency to your wallet

The first thing you will need once you've got a new wallet is to deposit funds into it.

To receive crypto to your wallet, you need to find the address, which is also called the public key. The address is a long, alphanumeric string of numbers and letters.

Here is an example of a Bitcoin address: bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq

And an Ethereum address: 0xb794f5ea0ba39494ce839613fffba74279579268

Your public key is the address you will use to receive cryptocurrency transactions too. It will be displayed somewhere in your wallet.

It works a bit like an email address, meaning that you provide it any time you want to receive funds from yourself or someone else.

Let's take a look at how that works.

How to send cryptocurrency from one wallet to another

You can only send cryptocurrency to an address of the same type. That means you can only send Bitcoin (BTC) to a Bitcoin blockchain address, or Ethereum (ETH) and Ethereum tokens (ERC-20) to an Ethereum address. If you send coins to the wrong type of address, they will be lost forever and you will lose your money.

Once you have the address you want to send funds to, go to the wallet or exchange that you want to send funds from.

For example, if you're moving funds off an exchange like Binance or Coinbase, then you will want to go to the withdrawals tab of the exchange.

You will see a field asking you to put the address you want to send funds too, as well as much crypto to send.

This is where you enter the address you found earlier. The easiest way to do this is by using the copy paste command on your keyboard.

Even when using copy paste, always make sure to check the address was entered correctly.

How to keep your crypto wallet safe

Wallet security is a crucial consideration for any crypto owner, so keep these tips in mind to ensure you keep your funds as safe as possible:

  • Research before you choose. Don't just choose the first crypto wallet you come across. Thoroughly research the security features and development team behind a range of wallets before making your final decision.
  • Enable 2-factor authentication. This is a simple security feature available on an increasing number of wallets. It's simple to use and provides an extra layer of protection for your wallet.
  • Pick your password carefully. Don't be lazy when choosing a password. Make sure all usernames, PINs and passwords related to your crypto wallet are as strong as possible.
  • Consider a multi-signature wallet. Multi-signature wallets require more than 1 private key to authorise a transaction, which means another user or users will need to sign each transaction before it can be sent. Though this means it'll take a little longer to send funds, you may find that the extra peace of mind is well worth the minor hassle.
  • Update your antivirus protection. Make sure your PC, laptop, smartphone or tablet has the latest antivirus and anti-malware software installed. Make sure to set up a secure firewall on your computer and that you never install software from companies you don't trust.
  • Update your wallet software. Take care to update your wallet software regularly so that you always have the latest security upgrades and protections installed.
  • Make a backup. Ensure that you have a wallet backup stored in a safe place so you can recover your crypto funds if something goes wrong, like if you lose your smartphone.
  • Check the address. When sending or receiving funds, make sure you're using the correct wallet address. Similarly, if using an online wallet, make sure it is secure (i.e. check that its URL starts with "https://")
  • Don't use public Wi-Fi. Never access your wallet over a public Wi-Fi network.
  • Split your holdings. Consider splitting your crypto coins up between online and offline storage. You can keep a small portion of your funds in online storage for quick and convenient access, and store the bulk of your holdings offline for extra security.
  • Private key protection. Remember – you can't access your coins without your private key, so don't disclose it to anyone. Check whether the wallet you choose allows you to retain full control of your private keys, or whether you'll have to surrender ownership to a third party such as an exchange.

Risks of using a crypto wallet

When you use a non-custodial crypto wallet, you reduce the risk of a third-party custodian like a crypto exchange going under and taking your funds with it. However, there are still risks to using both software and hardware crypto wallets.

Software wallets are always connected to the internet, and, for that reason, can more easily be hacked. Also, if the code for a software wallet is closed-source, you are placing trust in the creator of that wallet to not extract your private keys and, therefore, gain access to the digital assets you manage via the wallet.

Hardware wallets are generally more secure than software wallets in that they remain disconnected from the internet when they aren’t in use, while some never have to be connected to the internet. However, if you use a hardware wallet that has native software — like a Ledger or Trezor wallet — there is always the risk that your private keys can be extracted through an issue with the underlying software.

For extra safety, it’s best to create a multisignature — or “multisig” — set up in which you use two or more wallets to sign transactions and protect your crypto.

Bottom line

There's no such thing as a one size fits all "best crypto wallet." The right wallet for you will match your needs, so if security is your number 1 concern, you'll probably end up choosing a different wallet to someone who wants fast and easy access to their coins.

The key thing to remember is to do your research and compare a range of wallets first. Start with our range of crypto wallet reviews to get an idea of what's available and the key features you need to consider.

Methodology

To evaluate our 2025 picks for the best crypto wallets, we compared 50+ wallets on a range of criteria, including the following:

  • Crypto and blockchain compatibility. Does it support a good breadth of coins, tokens and blockchains?
  • Ease of use. Is it user-friendly and suitable for new crypto investors?
  • Security. Does it offer non-custodial or offline cold storage for added security?
  • Cost. Is it a free software wallet or is there an initial outlay? If applicable, how does its price compare to similar products?
  • Extra features. Does it support NFTs or offer additional features such as staking or in-wallet purchases?
  • Mobile accessibility. Can you manage your portfolio from a mobile device?
  • Web3 support. Can you directly access Web3 and decentralised apps (dapps) from within the wallet?

Crypto wallets market update: Janaury 2025

  • Magic Eden airdrop checker opens. Leading Bitcoin and NFT marketplace Magic Eden announced the airdrop of its native ME token, requiring users to download the Magic Eden mobile app to check their eligibility.
  • Crypto wallets shortlisted for Finder Innovation Award. Crypto wallet providers Trezor and Verida were shortlisted for the Investment Innovation award in the Finder Innovation Awards.

Tom Stelzer

Tom Stelzer is the investments editor at Finder, covering all things cryptocurrency and share trading.

Frequently asked questions about crypto wallets

Read our crypto wallet reviews

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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To make sure you get accurate and helpful information, this guide has been reviewed by Fred Schebesta, a member of Finder's Editorial Review Board.
Thomas Stelzer's headshot
Written by

Journalist

Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio

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14 Responses

    Default Gravatar
    JohnAugust 8, 2023

    Hello, Atomic wallet was hacked on the 3rd of June 2023 draining 100 million worth of crypto from users. To date Atomic wallet have acted poorly towards victims and still leaves its exploited software up for downloads. This is a dishonest company. I urge you to do a search about the hack on the 3rd and you will see for yourself. This wallet needs to be removed from your recommendations else you will be exposing new unsuspecting users to be put in danger.

      AvatarFinder
      JamesAugust 28, 2023Finder

      Thank you for your comment John.

      We’ve reviewed the situation surrounding Atomic Wallet and chosen to removed them from our website until we understand more about the security breach.

      Thank you for reaching out – your comment was very helpful.

    Default Gravatar
    LenMarch 8, 2019

    How do I sign up?

      AvatarFinder
      JoshuaMarch 11, 2019Finder

      Hi Len,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      If you want to sign up and create a cryptocurrency wallet, you can click on the “Go to site” green button of your desired provider. You can also use our table to compare your options first based on wallet type and support cryptocurrencies.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    gbptv6883@gmail.comMarch 7, 2018

    I have the option to have my funds sent BTN orBCH I have both wallets does it make any difference?

      Default Gravatar
      JoelMarch 8, 2018

      Hi there,

      Thanks for leaving a question on finder.

      Unfortunately, we can not recommend a wallet since we are a comparison website and we do not represent any of the providers on our page. You will have to do the comparison on your own in this page.

      Cheers,
      Joel

    AvatarFinder
    MayFebruary 23, 2018Finder

    Hi Tochi,

    Thanks for your question. At the moment, we do not have a review for mycryptowallet.com though I can forward this to our team so they can check and for consideration.

    Cheers,
    May

    Default Gravatar
    RossJanuary 24, 2018

    How do I sell my cripto coins from Coinbase

      AvatarFinder
      JoanneJanuary 26, 2018Finder

      Hi Ross,

      Thanks for reaching out.

      For Coinbase, the sell option is currently not available in Australia. In the meantime, you may refer to our guide on how to sell bitcoin with other cryptocurrency exchange that is supported in the country. You can use our comparison table to help you find the platform that suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to their website where you can sign up or get in touch with their representatives for further inquiries you may have.

      As a friendly reminder, cryptocurrencies are speculative, complex, and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before you make any decisions.

      Cheers,
      Joanne

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