Software wallets work through a browser or are installed on a computer and smartphone. User information and transaction data can be stored only on the developers’ server, but more often everything is downloaded to the cryptocurrency wallet owner’s device.
These are “hot” type wallets with a connection to the Network. With their help, you can conveniently and quickly carry out operations with funds, but they are more vulnerable to attacks of intruders. Therefore, it is better not to place large sums on them.
Trust wallet
This cryptocurrency wallet is useful for working with coins from the Binance exchange, but it is also compatible with a wide range of other currencies. For security, you can use two-factor authentication, Google authorization, and verification via SMS or email. Trust Wallet places most of its currency on cold storage servers, from where it is quite difficult to steal funds.
You don’t need to pay commissions for either the wallet or currency exchange. But a percentage of transactions on blockchain networks is charged. Through Trust Wallet, you will also be able to exchange cryptocurrencies and for that, you don’t need to transfer them to any third-party platforms. With Wallet Connect, you can link your wallet to sites integrated with it and quickly log into accounts or confirm transactions.
Exodus
The multi-currency wallet is available as an application for computers, browser extension and in mobile format. Exodus has a user-friendly interface and is suitable for beginners. It supports hundreds of cryptocurrencies and allows not only storing, but also buying, selling and exchanging funds. There is no commission for using the wallet – only for transactions with funds in blockchain networks.
Exodus can be linked to the Trezor hardware wallet, which will secure large cryptocurrency holdings.
MetaMask
MetaMask is available as a browser extension and mobile app. Through it, you can interact with almost all popular blockchain-related programs and websites. The wallet is rather limited in the number of supported networks. Among the popular ones are Ethereum, Polygon and Avalanche. For example, you can’t store Bitcoin on it.
Atomic Wallet
Atomic Wallet supports more than 300 currencies and tokens. The service offers not only a wallet for storage, but also purchase and exchange of funds. To work with it, you can use a program for Windows, macOS and Linux, as well as a mobile app for iOS and Android.
To track exchange information, there is a section with cryptocurrency price monitoring, which displays the current exchange rates and a graph of changes for the week. The developers do not collect user data, and a 12-word seed code is used to restore access to the wallet. With Atomic Wallet, you can earn passive annual income from staking by storing funds in several types of coins. Currency placement is available in the Staking section.
Jaxx Liberty
Jaxx Liberty supports dozens of cryptocurrencies – Bitcoin, Ethereum, Litecoin, Dogecoin and many others. The wallet works on Android, iOS, macOS, Windows, Linux and in Google Chrome. All private data is stored locally on the device.
In the app, you can accept and transfer funds, check transaction history, and exchange currency. Jaxx Liberty also offers to track and compare changes in the value of popular coins over different time periods – from an hour to a month. In addition, a section with trends and the latest news in the field of cryptocurrencies is available.
MyEtherWallet (MEW)
MyEtherWallet, or MEW, is one of the most popular and reliable services for working with the Ethereum blockchain. With its help, you can accept and send funds to your account, exchange currencies, and earn passive income through staking.
When opening a new account, all processes are executed locally. Private keys and passwords are stored only on the user’s devices. For greater security, MEW can be linked to hardware wallets and store funds on them in a “cold” state. The service is available via mobile apps for iOS and Android, as well as via an extension for Google Chrome.
