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Bitcoin Hovers Near $100,000. Here Are the Best Crypto Wallets to Store Your Coins for 2025

Bitcoin Hovers Near $100,000. Here Are the Best Crypto Wallets to Store Your Coins for 2025
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As 2024 comes to a close, bitcoin and other crypto like dogecoin have been doing big growth numbers. With only a few days left in the year, bitcoin continues to hover just under $100,000. Whether you’re looking to start investing in crypto or you’ve been HODLing since the beginning, you’ll need a good place to store your digital currency.

Choosing to leave it on a crypto exchange would mean you’re trusting the company to hold it for you in a custodial wallet, which means you don’t fully own the asset. The better option is to move it to a noncustodial wallet of your own — which gives you complete ownership.

A crypto wallet’s primary function is to keep your crypto safe and allow you to make trades. Wallets also offer more control over your digital currency than you’ll get using a standard account at a crypto exchange or brokerage.

Crypto wallets can be external hardware devices — cold storage wallets — or software that runs on your mobile device or computer — hot storage wallets. 

Cold storage wallets are physical storage units that are kept offline and can only be accessed using a dongle — a physical USB that has to be plugged into your computer. They are generally thought of to be more secure than hot wallets because they’re not connected to the internet, but hot wallets are typically more easily accessible for making trades. Hot wallets include: 

Unless you’re making daily crypto trades or have only a modest amount of money invested in crypto, we recommend you don’t store your crypto in a custodial wallet. 

Best practices for holding crypto include purchasing a cold wallet for offline storage. Your next best option is a “noncustodial” software wallet or app. We’ll look at both options here in an effort to help you find the best crypto wallet for your own situation.

Choosing which crypto wallet is best for you will depend on how secure you want your assets to be and how much trading you intend to do. 

People who invest large amounts of money will likely opt for a cold wallet as it’s more secure, while people who dabble in investing will likely be fine not spending the extra money and using a hot wallet.

Security

When it comes to cryptocurrency, security is perhaps the most important thing to consider. You want your digital assets to be as safe as possible from hackers and fraudsters. The best defense from a hacker is going offline, so a cold wallet will be the most secure route to take. Being a physical object, cold wallets can still be lost or stolen, so it’s important to store your cold wallet securely.

If you do lose your wallet, you can still access your crypto by using your seed phrase. Seed phrases are randomly generated combinations of words that can be used to recover or access your account in the instance you don’t have your cold wallet or your hot wallet becomes disconnected. You’re assigned a seed phrase, or recovery phrase, upon setting up your wallet.

Fees

While transactions on the blockchain may come with fees, hot wallets like Exodus are typically free to use, while the cold wallets on this list cost up to $149.

Ease of use

Hot wallets are typically easier to use than cold wallets, simply because you don’t need to take an extra step to access them. 

Hot wallets are connected to your browser via an extension to your phone if you’re using a mobile wallet or via software downloaded to your computer. They can be accessed at any time, while cold wallets require a physical dongle to be connected to your computer.

Amount of trading

If you plan to do a lot of trading, you’ll need a wallet with advanced features. Some wallets support a lower number of digital assets, so you’ll want to opt for one that caters to a wider range of coins. You’ll also need to be aware of any restrictions the wallet has around trading. A cold wallet is the better choice if you intend to trade and store higher volumes of digital currency.

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