Crypto wallets are an essential tool for buying, trading, and selling cryptocurrencies. Traders need them to store crypto securely, as well as to protect and validate transaction information. Be the hardware or software, also called hot and cold storage, custom crypto wallets offer traders dedicated solutions compared to those from crypto exchanges. Read on to learn about the different types of cryptocurrency wallets, how they work, and which one you should pick. Some people searching for crypto wallets are looking for a crypto exchange, which is why we’ve included Public.com in this comparison table. If you’re more interested in learning where to buy and sell cryptocurrency, as well as, the pros and cons of centralized vs decentralized exchanges, you might consider reading our piece on the Best Crypto Exchanges. Best for Beginners: Coinbase We chose Coinbase Wallet as the best crypto wallet for beginners because it’s an intuitive and highly secure wallet that is backed by ...