Whether you’re looking for hot or cold storage–a wallet connected to the internet or not–there are a wide variety of cryptocurrency software wallets on the market. Especially when you’re first starting out with crypto-investing, it can seem daunting to choose a wallet. Do you want a hardware wallet or a software wallet? Many people use both. If this is your first leap into cryptocurrency like bitcoin, ethereum, and litecoin, starting with a software wallet can be a quick and simple option.
Even for crypto-trading experts, software wallets offer varied benefits such as quick transactions and conversions between different types of coins. Some of the factors to weigh when choosing the best software cryptocurrency wallet for you are ease-of-use, security, and the crypto currencies that are supported. For example, if you only trade Bitcoin, then a bitcoin-only wallet will serve you fine. However, if you want to invest in ether, bitcoin, dash, and Dogecoin, then a multi-asset wallet would likely serve you better.
This list encompasses some of the most secure, trusted, and widely-used software wallets on the market, each with their own additional features.
Here are the top 10 best cryptocurrency software wallets of 2017:
Coinbase offers an exchange and a wallet that supports bitcoin (BTC) and ether (ETH), and litecoin, but not ethereum classic (ETC). They offer immediate transfers to your local currency, multisig support, mobile wallets for Android and iOS, as well as investment plans so you can schedule to put money into crypto on a weekly or monthly basis. They are one of the tried-and-true options with over 8.2M customers in 32 countries.
Voted #1 “Best Software Wallet” by our readers!
Armory is a bitcoin wallet that offers “cold storage for everyone.” While most people think of hardware wallets when they think cold storage, this is not the case with Armory. They strive to give users the convenience of a hot wallet and the security of cold storage.
With Armory, users can store private keys offline as well as print backups of keys in paper wallet fashion.
While they do not yet support altcoins, they are looking into it for the future. They do offer multisig support. You can learn the answers to common questions in their FAQ here.
Electrum is another bitcoin wallet that supports cold storage by storing private keys on your PC, but they also let you export your keys to other wallets. They support multi-signature transactions, verify transactions using SPV, and easily interface with various hardware wallets like KeepKey and Trezor.
Electrum is considered a fast and aesthetically pleasing wallet software with decentralized and redundant servers for a no-downtime experience.
Mycelium is a long-standing, heavily-tested wallet with great reviews and a persistent drive to offer even better functionality. They offer watch-only accounts, a decentralized exchange, secure chats, and integrations that range from Cashila to Coinapult to Trezor.
Mycelium is working on tools that cover everything from personal finance to investment to crypto-asset creation.
Exodus is an all-in-one application to “secure, manage, and exchange blockchain assets.” They offer multi-asset support including bitcoin, ether, litecoin, dash, and other popular currencies.
Their interface even has ShapeShift built right in which lets users exchange between currencies directly within the app.
It has a beautiful interface and is available for Windows, Mac, and Linux.
In their own words, Coinomi is a “Free Secure Source-Available Multi-Coin Multi-Asset HD Wallet for Bitcoin Altcoins and Tokens.” Whew, that’s a mouthful. But Coinomi isn’t kidding–this is a fully-featured wallet that has all the good stuff for those crypto-connoisseurs (or coinnoisseurs, as it were) out there.
Because it’s open-source, you can verify security yourself, and they have ShapeShift in the interface to exchange between all sorts of currencies with a simple click. It’s a straightforward wallet with all the features a user could ask for from security to anonymity.
Plus, it’s lightweight, even though it supports practically every crypto-asset you can think of. They also have an Android app and the iOS app is coming soon.
Mobi offers a lot more than a basic bitcoin wallet; they’re bringing crypto into the everyday, real world. Through Mobi, which is available on Android and iOS, users can instantly cash out bitcoin for more than 100 global currencies, which can also be used with an associated Visa debit card. They make cross-border payments simple, seamless, and instant. They are truly bridging crypto and fiat in a way that makes bitcoin something to be used in everyday life at any merchant.
Mist is actually a decentralized app browser that also comes with an ether wallet. It can be used for browsing Ethereum DApps like the Million Eth Homepage and various crypto-games. It can also be used to send and receive ether with the included wallet. This is perfect for those cryptocurrency aficionados who also want to involve themselves in other blockchain projects!
The Blockchain.info wallet is a popular, secure bitcoin option that claims to be the most popular in the world with more than 14M wallets and 100M transactions. This is a bitcoin-only wallet that is secure with a simple interface. They also have an iOS and Android app.