Provider
Type
Hardware Wallet Compatibility
Security
Our Score
Hardware
YES
Very Secure
Hardware
YES
Very Secure
Hardware
YES
Very Secure
Software
Ledger, Trezor
Secure
Online, Software
Ledger
Quite Secure
Software
Ledger, Trezor
Quite Secure

Cardano is a blockchain where ADA cryptocurrency lives. It’s mostly used for sending and receiving digital funds. At the moment, it’s the 6th most popular cryptocurrency with a market cap of more than $10 billion. Now, since you came to this best Cardano wallet review, you probably already know that. 

If you happen to have a huge amount (or simply the amount that you couldn’t afford to lose) of ADA coins, you should also find a reliable wallet for them. After all, storing your assets on cryptocurrency exchange platforms is highly unrecommended. Due to the lack of security, millions worth of cryptocurrencies are being stolen each year

In this best Cardano wallet list, you will find two different types of wallets - hardware and software. I will introduce you to each of them one by one and help you to make the right decision. Here are the top 7 options that are considered to be some of the best Cardano wallets and will be discussed in this article: 

Let’s begin with the introduction to different types of wallets that can be found in the market. It’s easier to choose a wallet for your personal needs when you have a broader understanding. 

Best Cardano Wallet: Different Types of Options

There are four different types of wallets that you’ll be able to find when looking for the best Cardano wallet. Here’s the list where you can find all of them:

  • Online wallets
  • Software/app wallets
  • Hardware wallets
  • Paper wallets

Each of these wallets come with different perks and quirks and can be recommended for different individuals. Before moving to the best Cardano wallet list, you should have a broader understanding of each of them. 

Online Wallets

Online wallets are known to be the least secure. If you’re choosing such a wallet, you should truly rely on the provider. While the majority of top-tier online wallets do not store your private keys, your coins can still be stolen in case someone manages to hack it. 

Best Cardano wallet: digital wallet.

The main advantage of such wallets is usability. To access online wallets you will only need to have an internet connection. Also, it’s super easy to make transactions because your private keys are stored on their servers. 

All things considered, online wallets can be only recommended if you store small amounts of cryptocurrencies. Otherwise, you should go for more secure options. 

Software/App wallets

If you’re planning on making daily trades, then software wallets can be a really good choice. They’re more secure than online storage, however, not as reliable as hardware wallets.

Software or app wallets are super easy to use. What is more, you can keep track of your assets on the go by using a mobile app. The reliability of software wallets completely depends on the platform. There are some really secure options that I’ll introduce when talking about the best Cardano wallet, however, you can also come across less reliable providers, not in this article, though.   

All in all, software wallets are recommended for people who make multiple transactions throughout the day, and also for those who store small amounts of cryptocurrencies in them. 

Hardware Wallets 

When looking for the best Cardano wallet, you’ll notice that the most recommended options are hardware wallets. They’re also known as cold wallets because your private keys are stored offline, so there won’t be any hacking issues. 

Best Cardano wallet: Ledger.

The majority of high-quality hardware wallets are made of durable materials, meaning that you shouldn’t be worried about dropping or breaking them. Also, the recovery process is usually pretty simple in case you lose it. 

Of course, when it comes to hardware Cardano wallets, they’re not as easy to use as online or software ones, however, if you store huge amounts of cryptocurrencies, getting such a wallet is a must.  

Paper Wallets

While paper wallets are considered to be the most secure, in case you lose them or some kind of water accident happens, your cryptocurrencies are lost. This is the only non-technical way to store your cryptocurrencies

If you choose a paper wallet, then you will need your public keys every time when making a transaction. Needless to say, it can be really time-consuming, however, such wallets are amazing if you consider ADA coins as a long-term investment

Now that you have a basic understanding, let’s take a look at the best Cardano wallets. 

Best Cardano Wallet: TOP 7 Options 

In the “best Cardano wallet” list, you’ll find a variety of picks, however, you should be aware of different factors that you should take into account when choosing the best ADA wallet for your needs. 

Let me quickly go through those aspects

  • SECURITY. Security is definitely the most important factor you should consider when deciding which Cardano wallet to choose. All the other aspects are not important if your security is at risk. 
  • Usability. A good cryptocurrency wallet should be easy to use and have a clear interface. This factor may not be as important for those who consider ADA coins as a long-term investment, however, is crucial for those who perform multiple transactions throughout the day.
  • Mobility. How easy it is to access a wallet? Also, if we’re talking about a hardware wallet, make sure that the recovery process is easy in case you lose it, and take into account the materials that it’s made of. They should be physical-damage resistant
  • Supported coins. Even though now you’re looking for the best Cardano wallet, you might decide to use it for storing other cryptocurrencies in the future. That's why it’s important to make sure that the wallet supports a good amount of cryptocurrencies. You’ll be surprised to hear that some of them support thousands of different assets. 

Each of the wallets comes with different pros and cons, that’s why every individual should choose an option after evaluating their personal wants and needs. Now it’s time to jump to the best wallet for Cardano list and find the most suitable option for you. 

1. Ledger Nano X - The Most Secure Hardware Wallet

Ranks #1 out of 7 Crypto Exchanges

The very first name that you will probably hear when looking for the best Cardano wallet is Ledger. The company offers two reliable options - Ledger Nano S and Ledger Nano X. The latter is the newest and the most advanced hardware wallet offered by the company. 

The Ledger company was founded back in 2014 by 8 experts who had prior experience in cryptocurrencies, cybersecurity and entrepreneurship. Their main goal was to create secure solutions for blockchain applications, and they managed to achieve that. 

Currently, Ledger Nano X is one of the leading wallets for Cardano and multiple other cryptocurrencies due to its security measurements. This device stores all your private keys offline that ensures complete privacy and anonymity

Best Cardano wallet: Ledger Nano X security.

What is more, it features Secure Element (SE) that is capable of protecting you in case your Bluetooth connection is hacked. It works by asking for your authorization before making any changes. That said, while some people were concerned about Bluetooth Low Energy (BLE) connectivity, you should worry no more. 

Now, since Ledger Nano X is a physical device, you should know that it’s made of top-notch materials, including stainless steel. So if you drop it on the floor by accident, nothing will happen to it. Of course, you might notice some scratches years into using it, however, that won’t affect the device’s performance. 

What’s amazing is that Ledger Nano X has a wider screen compared to the company’s previous model - Ledger Nano S. However, just like this one, it has two buttons for navigation. Even though you might need some time to get used to it, this device is pretty straightforward. Also, it comes together with a user manual where you’ll be able to find all the instructions. 

This device comes together with a USB-C cable that you can use to connect it to your computer. What is more, Ledger offers an app that will allow you to control everything from one place. All in all, you shouldn’t have issues when it comes to usability. 

Another amazing aspect about this wallet is that it supports more than 27 coins and over 1500 tokens. This means that you shouldn’t limit yourself to ADA coins, there are so many other digital assets that you can choose to invest into.   

What is Ledger Nano X Pricing?

Ledger Nano X might seem a bit pricey. Currently, it costs $119, however, you should keep in mind that you pay only once and can enjoy one of the best Cardano wallets for years. 

Also, the company offers some really attractive deals and discounts on special occasions, so you shouldn’t miss them. And if you purchase a bundle, one Ledger wallet will cost you less. 

Visit Ledger Nano X
...or read our Ledger Nano X review

2. Trezor Model T - Reliable Hardware Wallet

Ranks #2 out of 7 Crypto Exchanges

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Trezor Model T is another wallet that must be included in the “best Cardano wallet” list. Since Trezor Model T is a hardware wallet, just like Ledger Nano X, it stores your private keys offline. It’s virtually impossible for a hacker to steal your assets because the wallet is never connected to the internet. 

Using Trezor Model T, you can send and receive as well as store your cryptocurrencies (obviously), and check your balance. Before making any changes, you will need to enter your personal PIN number. What is more, you’ll get your backup passphrases that are needed in case your device is lost or stolen. 

Trezor Model T features top-notch security features. You already know that your private keys are stored offline, however, this wallet also locks all of your passwords within Trezor Password Manager individually by utilizing your digital keys. What is more, Trezor supports BIP39 passphrases, so your private and public keys are never remembered by the device. 

Best Cardano wallet: Trezor.

Note: It’s crucial not to share your PIN code or backup phrases with anyone! 

Moving further, Trezor Model T supports more than 1600 cryptocurrencies, including the most popular coins and even lesser-known tokens. Needless to say, the ADA coin is supported as well.

Also, based on customer reviews, Trezor Model T is relatively easy to install and use, even people without any experience will be able to set it up quickly. Since it comes with all the needed instructions, the process will be even less complicated.  

Trezor Model T has two buttons for navigation, however, what’s different from the previous model (Trezor One) is that this device has a touchscreen which is an obvious improvement compared to the previous model.  

All things considered, Trezor Model T is definitely one of the best options that you should take into account when choosing the best Cardano wallet. 

What is the Trezor Model T Pricing?

Being one of the best ADA wallets, Trezor Model T comes with a price. One device costs $169.99, or you can choose a package that includes Trezor Model T, Trezor One and a Cryptosteel safe for $274. Seems like a good deal. 

Also, you’ll be able to find some really attractive Trezor deals on special occasions, so make sure not to miss them! 

Visit Trezor Model T
...or read our Trezor Model T review

3. Ledger Nano S - Great Price-Quality Ratio

Ranks #3 out of 7 Crypto Exchanges

If you were looking for the best Cardano wallet before, I bet you came across Ledger Nano S multiple times. It’s a hardware wallet that allows you to not only store but also send and receive crypto assets. 

Ledger Nano S supports more than 1,500 different cryptocurrencies (26 coins and more than 1,500 tokens), including ADA coins, of course. Even though there’s no wallet that supports all the existing cryptocurrencies, Ledger Nano S is improving its list of supported cryptocurrencies every day. 

One of the reasons why Ledger is often considered the best Cardano wallet is security. Different from software wallets, your private keys are stored within the actual device - offline. What is more, you’ll need to choose a pin code that must include at least 4 digits, and you’ll be given a 24-word recovery phrase that’s needed in case you forget your pin. 

While there are some concerns when it comes to the durability of hardware wallets, there shouldn’t be any doubts about Ledger Nano S. The device is made from stainless steel that makes it resistant to physical damage. 

Now, while the Ledger Nano S is the company’s more popular model there’s also an improved version - Ledger Nano X. It has a bigger screen that allows you to see full wallet addresses as well as all the other needed details. 

Best Cardano wallet: Ledger Nano S.

Even though Ledger Nano S may not be as easy to use as software or online wallets, it strongly improves usability by providing an app that allows you to purchase ADA cryptocurrency as well as manage it. That said, all you need is a single app. 

An exceptional aspect about both Ledger Nano S and Ledger Nano X is that they have custom OS (BOLOS) that ensure applications are isolated from one another, and also protects you from malicious attacks. It also integrates a Secure Element (SE) that hosts your private keys securely and can protect you from serious attacks. 

What is the Ledger Nano S Pricing?

One of the main reasons why People often choose online or software wallets instead of hardware ones is that you actually have to own them. The fact is that some of them can be relatively expensive, however, what is Ledger Nano S pricing?

Ledger Nano S will cost you only $59 that is relatively inexpensive considering the fact that provides you with ultimate security, great features, and sleek design. 

The device will be shipped immediately after you make a payment, so you can expect to receive it in as fast as one business day. 

Both Ledger Nano S and Ledger Nano X can be considered the best Cardano wallet, however, you should pick one based on your personal preferences. 

Visit Ledger Wallet
...or read our Ledger Wallet review

4. Trezor One - Affordable Hardware Wallet

Ranks #4 out of 7 Crypto Exchanges

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When searching for the best wallet for Cardano, you’ll come across Trezor One. It’s one of the more recommended hardware wallets where you can store ADA coins. 

Trezor One is the original Trezor wallet that was released back in 2014 by a company called SatoshiLabs. The wallet is CE and RoHS certified which means that it meets quality and reliability standards. 

One of the reasons why it’s recommended to choose this wallet is security. When sending or receiving ADA coins using Trezor One, you will need to provide a PIN code each time you will perform an action. No changes will be made without your authorization. 

Now, in case you lose this device, you should know that the recovery process is quite simple. You’ll be given a passphrase when setting up your wallet. It will be needed to recover your funds. 

Trezor One is relatively easy to use compared to other hardware wallets in the market. It comes with all the instructions you need to figure out how to use it. 

What is Trezor One Pricing? 

Trezor One is one of the most affordable hardware wallets for Cardano. Just like Ledger Nano S it currently costs only $59. That said, you make only one payment and can use a secure hardware wallet for ADA cryptocurrency for years.  

Talking about the pricing, you’ll see that Trezor sometimes offers really attractive deals for both of the wallets, so you can spare your savings significantly. Also, when you purchase a 3-pack for you and your friends, one Trezor wallet will cost you less

Visit Trezor
...or read our Trezor review

5. Coinbase - Secure Software Wallet

Ranks #5 out of 7 Crypto Exchanges

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Even though at the beginning of this guide, I mentioned that software/hot wallets are not as secure as hardware ones, there are multiple reasons why Coinbase deserves to be on this list for the best ADA wallets. 

Before moving further, you should know that Coinbase doesn’t yet support Cardano, however, it should be included in the list of the supported Coinbase cryptocurrencies in no time. So, you won’t need to wait long. 

Coinbase is one of the most popular and reliable cryptocurrency exchanges in the market, however, it also has one of the safest digital currency wallets that can be used to store ADA coins. What you should know, though, is that you will need two separate apps for Coinbase exchange and wallet. 

One of the reasons why the Coinbase wallet is so recommended is security. It provides not only two-factor authentication but also multiple signatures, confirmation requests and multiple other security measures. It’s important to mention that Coinbase has never been hacked. This aspect adds additional reliability. 

What is the Coinbase Wallet Pricing?

The good news is that unlike hardware wallets, the Coinbase wallet is completely free of charge. This means that there will be no additional charges for secure cryptocurrency storage. You only need to download an app and start using it. 

Visit Coinbase Wallet
...or read our Coinbase Wallet review

6. Guarda Wallet - Multi-Platform Crypto Wallet

Ranks #6 out of 7 Crypto Exchanges

Guarda is a multi-platform cryptocurrency wallet that offers web, desktop and mobile wallets. What’s amazing about this wallet is that it’s compatible with Ledger. For this reason, you can keep part of ADA coins in a hardware wallet and a part of them in the Guarda wallet. 

Guarda wallet offers both online and software wallets that are known to be less secure than hardware ones. However, it comes with good security features, such as encrypted backups, face or ID recognition. 

When it comes to supported cryptocurrencies, Guarda supports more than 40 coins and thousands of tokens including ERC20s, BEP-2, and other popular assets. That said, some consider it not only the best Cardano wallet but also a really good option for other cryptocurrencies. 

Finally, the Guarda wallet is very easy to use, it has a clear interface and helpful features. That’s why this wallet is recommended for beginners. 

What is the Guarda Wallet Pricing?

Guarda wallet is completely free, just like the majority of other online and software wallets. Guarda desktop wallet is available for both Windows and macOS users. The mobile version can be downloaded for iOS and Android devices.

Visit Guarda
...or read our Guarda review

7. Atomic Wallet - Great Usability

Ranks #7 out of 7 Crypto Exchanges

The final option on the “best wallet for Cardano'' list is the Atomic wallet. Atomic is a software-based crypto storage platform that also has an integrated exchange for additional functionality. It means that you can use Atomic not only for storing crypto but also for buying, selling and trading various cryptocurrencies

The Atomic wallet was created back in 2017, the year when the cryptocurrency market was booming. The creator of this wallet is Konstantin Gladych, who’s also the man behind Changelly - one of the most reliable cryptocurrency exchange platforms

At the moment, Atomic wallet supports more than 300 cryptocurrencies and all of the existing ERC-20 tokens. While the number may not be the most impressive we’ve, it’s definitely more than enough, especially if you’re looking for the best Cardano wallet. 

As previously mentioned, it’s a software wallet, meaning that it might lack some security. However, when compared to online wallets, it’s definitely a better option. Atomic wallet is still new, however, I haven’t noticed any customer reviews that would be very negative towards the security of this wallet. 

Atomic wallet is very easy to use. All you need to do is download the app and create an account. Once it’s done, you can transfer ADA coins from another wallet to Atomic, or simply purchase this cryptocurrency on the platform. Also, if you have any questions you can always contact the company’s customer support. According to users, Atomic wallet customer support is really helpful when it comes to various questions related to usability issues.

What is the Atomic Wallet Pricing?

Just like other software wallets on this list, it won’t cost you anything to download Atomic wallet. 

Visit Atomic
...or read our Atomic review

Conclusions

When picking the best Cardano wallet for your personal needs, always consider the most crucial aspects that we already talked about: security, usability, accessibility and the number of supported cryptocurrencies. While each of these aspects is significant, security should come first. Keep that in mind. 

Each of the wallets in the list has its own pros and cons, so it completely depends on your personal needs which one you're going to pick. In general, if security is the number one feature that you’re looking for in a device, then you should definitely go for hardware wallets, such as Ledger Nano X or Trezor Model T.

LEDGER NANO X TREZOR MODEL T

Wallet Connectivity

Bluetooth
USB
Wifi
USB

Wallet Control

Mobile
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Mobile
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Table: The connectivity features of the Ledger Nano X and the Trezor Model T

However, if you’re storing only small amounts of cryptocurrencies and are looking for the easiest way to buy and store cryptocurrencies as well as make transactions, you might want to consider software wallets. When picking the best software wallet for Cardano, you should take into account the Coinbase wallet. It provides both cryptocurrency exchange and a secure wallet.

If you don’t have ADA coins yet, you should also pick a secure crypto exchange platform to purchase this cryptocurrency. A few of the most reliable and recommended platforms include

I hope that this guide helped you to find the best Cardano wallet for your needs. Don’t forget that security should always come first. 

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

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FAQ

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

What are “hot” and “cold” wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don’t need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you’re just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you’re an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

Can you keep your cryptocurrencies in two or more wallets at a time?

Definitely! It’s also part of crypto storage best practices, too! Most cryptocurrency enthusiasts prefer to have a software and a hardware wallet - the former for easy access and trading, and the latter for safe storage. However, you can also utilize multiple wallets simply in order to make sure that your assets are safe and sound. This way, if one of your crypto wallets becomes compromised, you won’t lose all of your assets.