Best Cardano Wallets: Where to store ADA in 2022?
When it comes to cryptocurrencies, most of us tend to keep our holdings in online wallets. This is because online wallets are the easiest way to store your digital assets and make payments with them. However, this kind of storage has its limitations. Keeping your crypto assets in an online wallet means that you can only use that wallet with the digital device that you have right now. That is why many users are now starting to shift their crypto holdings into cold storage instead. In this cryptocurrency overview, we’ll be talking about the best Cardano wallets that you can use to safely store your ADA coins in the future.
What is the Best Cardano Wallet?
Cardano is a decentralized public blockchain and cryptocurrency project launched in 2017. It’s designed to partner with financial institutions and corporates to bring more advanced features to the blockchain. The most interesting thing about ADA is that it’s one of the first cryptocurrencies to implement the Cardano protocol. Cardano wallets are software programs that allow users to store their cryptocurrency offline (until they decide to buy cryptocurrency or exchange cryptocurrency), making it more secure than online wallets. There are a variety of wallets for different cryptocurrencies, and it’s essential to choose the right one for you.
1.Exodus cold wallet — Best for beginners
If you’re just starting to dive into the world of cryptocurrencies, then you’ll need a wallet that’s simple to use and allows you to store a small amount of ADA. The most convenient option for beginners is to use the Exodus wallet. This wallet was developed by the same team that created the world’s first cryptocurrency exchange, Mt. Gox.
Exodus is a multi-platform wallet that supports more than 30 different operating systems, including Windows, Mac, and Linux. Furthermore, this wallet doesn’t require you to download the entire blockchain, which means that you’ll be able to store a large amount of ADA with very limited storage space. To add new funds to your wallet, you’ll need to export your private keys first, which can be done on a paper wallet. But, if you want to quickly access your wallet to exchange ADA at Changelly, you can simply use your Exodus wallet via the Blockchain desktop app.
2.Jaxx wallet — Excellent multi-asset wallet
Jaxx is a popular multi-asset wallet that supports the storage of over 100 different cryptocurrencies. It’s currently the most popular option for storing ADA and offers a few useful features that make it stand out from the crowd.
Jaxx was the first wallet to support storing your private keys on a blockchain. This means that you’ll be able to access your funds from any device that you have. It also means that you won’t have to rely on your computer or phone. One of the best things about Jaxx is that it’s a cross-chain wallet that allows you to seamlessly move your funds between blockchains.
3.Trezor Wallet — A highly secure option
If you’re going to buy Cardano (ADA) and looking for the safest option for storing your ADA coins, then the Trezor wallet is the best choice. This wallet was created by the same team that created the super-popular cryptocurrency exchange, Cryptsy.
The Trezor wallet is a fully isolated environment that makes it nearly impossible for hackers to access your funds. It also comes with a cold storage option, which means that you can securely store your ADA coins offline. The wallet uses a one-time passcode that you can use to access your account anytime. This makes it highly secure, as it’s almost impossible for hackers to get your passcode.
4.BitShares x cold wallet — Secure and stable
To store your ADA in a fully decentralized way, you’ll need to first install the BitShares x cold wallet on your computer. The wallet allows you to store, send, and receive your ADA coins securely, while also offering a variety of secure options for backing your funds.
The boom of ADA can be attributed to several reasons. Firstly, Cardano’s technical capabilities as a decentralized blockchain — a feature that differentiates it from other digital currencies like Bitcoin and Ethereum. Secondly, the cryptocurrency is backed by one of the most prominent global institutions in research: The Cardano Foundation (CF). Founded in October 2017, CF is an independent, registered, not-for-profit organization that operates under the direct supervision of the USA/EN Wharton School of Business at the University of Pennsylvania to promote scientific research and education on technologies related to cryptocurrencies and blockchain.
These factors have established Cardano as one of the most promising cryptocurrencies out there. And when it comes to investing in cryptocurrencies, it’s crucial to choose the right wallet. This is because a good wallet allows you to safely store your coins, send and receive payments, and even manage your portfolio. There are different types of Cardano wallets, and we’ve reviewed the top four options above. Choose the wallet that best suits your needs.