When you use cryptocurrencies, you need a place to store your private keys securely. Although it’s easier than ever to buy digital assets on exchanges, marketplaces, and even peer-to-peer, many users don’t realize that it’s essential to keep your crypto safe in a dedicated wallet.
Don’t underestimate the humble crypto wallet as just being a storage device. Wallets are becoming even more sophisticated, integrating features such as Web 3.0 access for decentralized applications, smart contract processing capabilities, non-fungible token storage, and in the most advanced wallets, identity storage.
Although there are hundreds of crypto wallets out there, here’s five which we think have totally unique features that you won’t find anywhere else.
Metamask has seen huge popularity and widespread use due to its ability to interface directly with Web 3.0 applications, process smart contracts, and link directly to decentralized exchanges.
It does this through a browser add-on, which can be downloaded for Chromium and Firefox browsers, so users don’t have to download a separate application to use their wallet. At the moment, Metamask only supports Ethereum and Ethereum-based tokens, such as ERC-20 tokens and also non-fungibles.
You can find official information about the Metamask wallet here.
2. MyEtherWallet (MEW)
One of the most popular wallets for Ethereum, MyEtherWallet, commonly abbreviated to MEW, is a crypto software wallet which you can access in any supported browser. Free to use and open-source, MEW has swap capabilities that allow users to switch between fiat and crypto.
Users with hardware wallets, like Ledger and Trezor devices, can connect and use MEW, which creates a secure way to access ETH and ERC-20 tokens. MEW has just launched mobile apps for iOS and Android, which offers the same functionality as their desktop application.
You can create a new MEW wallet, and learn more about its features here.
MyETPWallet is a multi-language wallet for the Metaverse blockchain. Users of the wallet can create their own MST(Metaverse Smart Token) or MIT (Metaverse Identifiable Token), similar to ERC and NFT tokens on the Ethereum blockchain, and transact them with other users. It’s also one of the safest wallets to send, store, and trade the native cryptocurrencies of Metaverse (ETP) and its Dualchain Network Architecture (DNA).
What makes MyETPWallet truly unique is its use of ‘Digital Avatars’, a new way to manage your digital identity. Avatars have unique alphanumeric symbols and a user can select a creative name to represent a Metaverse address – avoiding to use a long string of unreadable digits and risk making mistakes. Same as for verification signed messages, an avatar can be used for authentication on third-party apps.
To get started using MyETPWallet, you can find more information and documentation here.
Cryptopay is one of the few wallets featured here to support multiple cryptocurrencies for both storage and transfer. In addition to Bitcoin and Ethereum, the largest cryptocurrencies by market cap, Cryptopay also supports Litecoin (LTC) and Ripple (XRP).
Users can make instant exchanges between cryptocurrencies in the Cryptopay wallet with no need to place an order via a traditional exchange, and they can also credit their wallet with fiat currencies through fast payments for European customers.
One of its features is the availability of prepaid cards, which can be loaded up with a cryptocurrency of your choice, and spent in normal retailers worldwide. Enabling you to spend your cryptocurrency on real items once exchanged into fiat.
You can create a free Cryptopay wallet here.
The Bitcoin.com wallet is actually created for Bitcoin Cash (BCH), an early fork of the original Bitcoin blockchain. Supporters of Bitcoin Cash argue that the protocol is closer to the originally intended use case for Bitcoin, which the anonymous Satoshi Nakamoto wanted to be used as a means of exchange rather than a store of value.
As a result, Bitcoin.com has developed a wallet which makes it easier to spend and send BCH. Designed to be used on mobile, the Bitcoin.com wallet is available on both iOS and Android.
The Bitcoin.com wallet also accepts SLP tokens, which can represent any underlying asset similar to ERC-20 tokens on Ethereum, and supports original Bitcoin.
You can download the Bitcoin.com wallet here.
How do I choose a wallet?
Choosing the right wallet for your needs mainly depends on which asset you want to store. However, with such unique features being released by the latest wallets, such as digital identity storage or prepaid credit cards, there are now multiple reasons to use crypto-wallets beyond storage.
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity’s role is to inform the cryptocurrency and blockchain community about what’s going on in this space. Please do your own due diligence before making any investment. Blockmanity won’t be responsible for any loss of funds.
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