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Provider
Type
Hardware Wallet Compatibility
Security
Our Score
Hardware
YES
Very Secure
Hardware
YES
Very Secure
Hardware
YES
Very Secure
Software
Ledger, Trezor
Secure
Software
Trezor, Ledger
Secure
8.3
Software
Ledger
Secure
8.1

If you decide to make an investment in cryptocurrencies, you should be aware of the security breaches that continue happening due to crypto wallets that lack security. In 2019 alone, more than $4 million worth of cryptocurrencies were stolen. Not only that, the private information of thousands of people was threatened last year. Considering these aspects, getting the best EOS wallet is a must.

EOS is the 55th most popular cryptocurrency, with a market capitalization of over $664 million. The main goal of creating this cryptocurrency was to allow developers to create DApps (decentralized apps) in the easiest way.

EOS cryptocurrency powers EOSIO, which is an open-source blockchain platform that allows performing transparent and fast transactions as well as scalability. EOS has a huge fan base and can be a very good long-term investment. That said, if you want to see what the future holds, you should get yourself the most secure EOS wallet.

After performing thorough research, I’ve put together a list of the best EOS wallets. Here are the top 7 wallets for storing this cryptocurrency that you’ll find out more about:

Before focusing on each of these wallets, let’s find out what kind of options are there. 

Best EOS Wallet: What Type of Wallets are There?

To choose the best EOS wallet for your wants and needs you should first be aware of different types of wallets that can be found in the market.

Best EOS wallet: an illustration of a digital crypto wallet.

There are 4 main types

  • Online Wallets 
  • Software Wallets 
  • Hardware Wallets
  • Paper Wallets

Each of them comes with different pros and cons. You’ll find all the needed information below. 

Online Wallets 

Online wallets are also known as web wallets. One of the main advantages of such wallets is usability. Accessing them is as easy as connecting to the internet. Such providers store your private keys on their servers, meaning that it’s also easy to make payments

While usability is important, there’s also a major drawback associated with online wallets - security. Since such crypto wallet providers store your private keys on their servers, online, your security will be compromised in case those servers get hacked. 

All things considered, such EOS wallets are recommended only for those who store small amounts of digital currencies

Software Wallets 

Just like online wallets, software wallets tend to be super easy to use and navigate. In most cases, they’re completely free, all you need is to download a mobile or desktop app. They allow you to access and your cryptocurrencies and make transactions anywhere and anytime as long as you’re connected to the internet. 

Main score based on expert evaluations & real user reviews.

Whether the crypto wallet is hardware, software, desktop or paper type.

For which purpose or for what kind of people is the cryptocurrency wallet best for.

Most popular hand-picked deals & coupons.

Final crypto wallet evaluation conclusion based on research, expert opinions & user feedback.

COINBASE ELECTRUM

Overall Score

9.1
8.2

Wallet Type

Software Software

Best For

Best for Safely Storing Cryptos Best for Day to-Day Spending of Cryptocurrencies

Latest Coupons

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Verdict

One of the leading cryptocurrency wallets in the current industry. One of the most trustworthy and oldest Bitcoin wallets around.
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Table: The main features of the Coinbase Wallet and Electrum

However, such wallets are also known as “hot” wallets because you need to connect to the internet to use them. They are more prone to hacking and other vulnerabilities compared to “cold” wallets. 

Hardware Wallets

Hardware wallets, also known as cold wallets, are considered to be the most secure EOS wallets. When using such wallets, your private keys are stored offline, meaning that even if your private information is threatened, hackers still won’t be able to access your private keys. 

Some hardware wallets tend to be pricey, however, you should think of it as paying for your own security.  They’re also not as easy to use as online or software ones, but all of them come with instructions and there’s always customer service that you can contact. 

Best EOS wallet: cold wallet - Ledger.

There is no doubt that hardware wallets are the most recommended when it comes to storing cryptocurrencies. It’s better to pay $50 or $100 one time than to lose all of your assets in case your privacy is compromised. That said, on the list of the best EOS wallets, you will find 4 hardware wallets to choose from.

Paper Wallets 

The final and the least popular ones are paper wallets. Using paper wallets is so much different from the previous methods of storing your cryptocurrencies. If you choose such a wallet type, you will need to write your private and public keys on a piece of paper. You will need your public keys every time when making a transaction.

Of course, this is a non-technical method for storing EOS, but it’s also one of the most secure ones. Of course, it lacks convenience, and you’re in trouble in case you lose that piece of paper. 

Such a wallet type is suitable for those who consider EOS as a long-term investment. It won’t be suitable for daily traders, though. 

Now that you’re aware of different types of wallets for storing EOS, it’s time to find out more about the best EOS wallets. 

Compare Crypto Wallets Side by Side With Others

Did you know?

Ever wondered which crypto wallets are the most secure for your crypto assets?

See & compare TOP crypto wallets side by side

Top 7 EOS Wallets 

When choosing the best EOS wallet, there are several aspects that you should take into account

  • Security. This is the most crucial aspect. You should always find out how easy it would be to steal cryptocurrencies from a wallet. 
  • Mobility. Is it possible to lose a wallet? If so, how difficult would the process of recovering your assets would be? Also, you should be able to access your wallet easily when needed. 
  • Usability. The best EOS wallet should be easy to use and have a clear interface. Even when it comes to hardware wallets, there are options that are easy to navigate.  
  • Supported coins. It’s always better when a wallet supports a high number of cryptocurrencies. That allows you to have more possibilities when making investments. Of course, since you’re looking for the best EOS wallet, the most crucial thing to pay attention to is whether or the wallet supports EOS coin. 

Every wallet has its own perks and quirks, while some are easy to use, others provide better security and more advanced features. While I will introduce the most recommended cryptocurrency wallets below, you have to think about the factors that play a major role to you and make your decision based on that.

1. Ledger Nano X - The Most Secure Hardware Wallet

Ranks #1 out of 7 Crypto Wallets

One of the options that you’ll come across when looking for the best EOS wallet is Ledger Nano X. The Ledger company was founded back in 2014 by 8 experts who had previous experience in entrepreneurship, cryptocurrencies and cybersecurity. They gathered together with the main intention of creating secure solutions for blockchain applications.

While Ledger was started by only 8 individuals, more than 130 employees are currently working for this company. Their main goal is to provide security to crypto-based products and services. That’s why Ledger Nano X is not the only product that the company offers. You can also choose Ledger Nano S Plus as well as find other accessories and applications.

Getting back to the best EOS wallet, let’s focus on Ledger Nano X. This is the most popular company’s model that allows you to buy, trade and sell cryptocurrencies securely.

One of the main reasons why Ledger is considered to be the best EOS wallet is security. It’s a hardware wallet, so your private keys are stored offline, ensuring complete privacy and anonymity.

Best EOS wallet: Ledger Nano X security.

Also, Ledger Nano X has Bluetooth Low Energy (BLE) connectivity, meaning that you can use it without a cable. Some of you might think that it raises some security concerns, however, you should know that only public data is transferred via Bluetooth. Your seed and private keys always stay in the device

Moreover, this hardware wallet features Secure Element (SE) that will protect you in case the Bluetooth connection is hacked by asking your permission before making any actions. Also, since it’s a physical device we’re talking about, you’ll be more than happy to know that Ledger Nano X is made of stainless steel that provides strong security against physical damage

Now, in case you decide to use this wallet not only for EOS but also for other cryptocurrencies, you should know that this device supports 5500 crypto assets. That said, whether you decide to go for EOS or other less popular tokens, it will, most likely, be supported by Ledger. 

When it comes to usability and design, Ledger Nano X has a wider screen compared to the company’s previous model - Ledger Nano S (it's discontinued, but you can find some info about it at the very end of our list of the best EOS wallets). The wider screen allows you to see more information at once and makes it more comfortable to use the device. 

If you want to connect this device to your computer you can easily do that using a USB-C cable. Also, Ledger offers an app that provides an even better user experience. 

Of course, this device might be difficult to use at first, however, it comes with all the instructions you need, and their customer support will be happy to help and answer all of your questions when needed. 

What is the Ledger Nano X Price? 

Ledger Nano X pricing is probably the only drawback associated with this hardware wallet. This device currently costs $149. However, you can come across special deals and get discounts that reach up to 40%. Also, when purchasing a bundle, you get a better pricing point. 

The price shouldn’t scare you because once you purchase Ledger Nano X, you’ll be able to use it for storing EOS for years! The wallet comes together with a USB cable, a leaflet for getting started, 3 recovery sheets, and a keychain strap. 

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

2. Ledger Nano S Plus - Accessible Yet Robust Hardware Wallet

Ranks #2 out of 7 Crypto Wallets

The Ledger Nano S Plus, an upgraded version of its ancestor Ledger Nano S, is widely recognized as one of the best EOS wallets. It does not differ that much from the Ledger Nano X, offering users a comprehensive suite of options for managing their digital assets.

Security remains the linchpin of all Ledger products, and the Nano S Plus is no exception. Equipped with a cutting-edge secure chip, it ensures that private keys are kept offline and impervious to potential threats.

This robust security infrastructure guarantees the safety of EOS holdings, even in the event of a compromised computer. Furthermore, the device integrates PIN protection and passphrase support, adding an extra layer of security.

Designed with both newcomers and experienced crypto enthusiasts in mind, the wallet features an intuitive interface that facilitates seamless navigation and compatibility with the Ledger Live app. Its accessibility is a key asset for individuals seeking a hassle-free experience in managing their EOS tokens.

Best EOS wallet: Ledger Live.

Moreover, the Ledger Nano S Plus offers remarkable mobility due to its compact size, enabling users to easily carry it around. Besides, just like any other Ledger product, it's made of durable materials to ensure longevity.

In addition to its compatibility with EOS tokens, the Ledger Nano S Plus extends support to over 5500 different crypto assets. This versatility positions it as an indispensable tool for users with diverse crypto portfolios.

While sharing similarities with the Ledger Nano X, it distinguishes itself by foregoing Bluetooth connectivity, having a slightly smaller design, and presenting a more budget-friendly price point.

What is the Ledger Nano S Plus Price?

The Ledger Nano S Plus is competitively priced at $79, making it an accessible yet robust hardware wallet option. It encompasses essential features such as formidable security measures, user-friendliness, and extensive support for various crypto assets.

However, it does not support a wireless connection, which means you'll need to use a USB. It might be a turning point for some. If you're all for the "no cables" experience, you might want to go with the Nano X model.

Visit Ledger Nano S Plus
...or read our Ledger Nano S Plus review

3. Trezor Model T - Super Secure & Offers Great Features

Ranks #3 out of 7 Crypto Wallets

Another hardware wallet that’s considered to be one of the better options for storing EOS is Trezor Model T. Since it’s a hardware wallet, security is also one of the main reasons why this device is so recommended. 

Trezor Model T is the newest company’s model that comes with multiple perks. Before this, the company released the Trezor One, which is a less advanced version of the Model T. However, you will also hear quite a lot about it when talking about the best EOS wallets in this article. 

Now, let’s focus on the Trezor Model T. This device features top-notch security - all your private keys are stored in Trezor and never leave the device, allowing you to use them without worrying about security. When it comes to passwords, all of them are locked within Trezor Password Manager individually by using your digital keys. 

What is more, no operations that involve your private and public keys will be performed without user authentication via PIN. Also, it supports BIP39 passphrases, meaning that they’re never stored or remembered by the device. These are the main security features, however, Trezor offers so much more. 

In case you lose the Trezor Model T while storing your EOS coins, you should know that there’s an easy way to fix this problem. Trezor provides super-reliable backup features, so all you will need to do is restore the recovery seed, and you will have your wallet back. 

Best EOS wallet: Trezor Model T.

When it comes to usability, Trezor has a touchscreen as well as two buttons for navigation. The screen is a huge improvement from the previous model - Trezor One (more about it later). It definitely makes the device easier and more comfortable to use. 

Some people might worry about installation processes, however, there’s completely no need. Trezor Model T is quite easy to set up. Also, it comes with all instructions on how to do that, so if you follow all the steps, you’ll be just fine. 

One more reason why Trezor Model T is considered to be one of the best EOS coin wallets is because it supports more than 1600 coins and tokens. There’s no need to tell how significant this number is! 

What is the Trezor Model T Price?

Trezor Model T is the most advanced model that’s currently offered by Trezor, so it maintains its price. At the moment, the Trezor Model T will cost you $219, however, you shouldn’t forget that you can find some coupons that offer exceptional deals and discounts, especially when buying a bundle. 

Keep in mind that whichever wallet you decide to choose, Trezor Model T, Ledger Nano X or any other, it’s always crucial to buy them from official providers’ pages. It’s not safe to buy such products from Amazon or other similar websites as your security can be threatened. 

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

Compare Crypto Wallets Side by Side With Others

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Compare Crypto Wallets Side by Side With Others

All Crypto wallets may look similar to you but they're NOT all the same!

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4. Trezor One - Affordable Hardware Wallet

Ranks #4 out of 7 Crypto Wallets

Trezor One was released back in 2014 by a company called SatoshiLabs. It’s another wallet that you’ll definitely come across when looking for the best EOS coin wallet.

When using this cryptocurrency wallet, you will never need to connect to the internet, meaning that it will be almost impossible for a hacker to access your funds. Trezor One is CE and RoHS certified, meaning that it meets all reliability and quality standards.

If you want to send/receive coins or even check out your balance using this wallet, you will always need to provide a PIN code that you will choose when setting up a device. Without it, no actions can be authorized.

Also, when setting up a device, you will be given a passphrase that you will need to write down and store securely. That will be needed in case you lose your device or it gets stolen. By using this passphrase, you’ll be able to recover your funds on another Trezor device.

This wallet supports more than 1400 cryptocurrencies, so it can be considered not only the best EOS wallet but also a recommended wallet for all other supported cryptocurrencies.

What is the Trezor One Price? 

Just like Ledger Nano S, Trezor One will cost you only $69. Needless to say, this is a very insignificant amount to pay in order to protect your assets and is completely worth it.

Now, you can find some discounts for Trezor One on special occasions. Also, if you choose to buy a 3-pack, it will cost you even less. So if you have friends who, just like you, are looking for the best EOS wallet, you can buy the set of 3 together!

Visit Trezor
...or read our Trezor review

5. Coinbase - Reliable Software Wallet

Ranks #5 out of 7 Crypto Wallets

Coinbase is different from previously recommended hardware EOS wallets because it’s a software wallet.

Since Coinbase is originally an exchange, you can use it to purchase EOS coins and then store them in the Coinbase wallet. That’s probably one of the easier ways to buy EOS and protect it all together. You will need to get separate Coinbase apps for an exchange and a wallet.

Coinbase may not be as secure as previously-mentioned hardware wallets, however, it’s definitely one of the safer software wallets that come with top-tier security measurements. That includes two-factor authentication, multiple signatures, confirmation requests, and even more.

Coinbase wallet has a very clear interface and is super easy to use. All you need to do is download the app on your Android or iOS device and provide the needed information. It’s definitely a good option for beginners!

What is the Coinbase Price? 

Since Coinbase is a software wallet, it won’t cost you anything to download an app. Keep in mind that Coinbase is compatible with both Ledger and Trezor, so if you decide to use Coinbase cryptocurrency exchange, you can still keep your assets in a hardware wallet.

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

6. Trust Wallet - Clean Interface & Great User Experience

Ranks #6 out of 7 Crypto Wallets

Trust Wallet is another software wallet for EOS. More than 5 million people chose this wallet for buying, storing and exchanging cryptocurrencies.

Being a software wallet, Trust Wallet is not as secure as hardware wallets, however, it’s considered to be one of the safer options. That’s because Trust Wallet doesn’t require you to provide personal information. Also, they never access users’ wallets, and your private keys are hosted locally.

Another reason why it’s one of the better EOS wallets is usability. Trust Wallet has a clean interface, which is super easy to use and navigate. Moreover, it comes with a variety of useful features that will make the whole experience so much more enjoyable.

Trust Wallet supports more than 160 digital currencies, and even more are being added on a regular basis.

What is the Trust Wallet Price?

You can download Trust Wallet completely free. It’s available for Android and iOS devices. Also, it’s compatible with both Trezor and Ledger hardware wallets.

Visit Binance Trust Wallet

7. eToro Wallet - Great Usability & More than 120 Supported Cryptocurrencies

Ranks #7 out of 7 Crypto Wallets

Every crypto enthusiast has already heard about eToro because of their advertisements that are everywhere. While many people choose eToro due to its social trading feature, it also provides a good EOS wallet.

Using the eToro wallet you can easily store, receive and transfer cryptocurrencies. It supports more than 120 digital currencies, and EOS is definitely one of them. There are also more than 500 crypto pairs available.

eToro wallet also includes strong security features, such as multi-signature facilities, DDoS protection, and standardization protocols. However, if security is one of the most crucial factors for you, then choose from the provided hardware wallets instead of a software one.

What is the eToro Wallet Price?

You can get eToro on Google Play or App Store completely free. It’s also super easy to sign up and start using it for different purposes.

Visit eToro Wallet

Conclusions

Choosing the best EOS wallet is not that simple as you have to take a variety of different aspects into account: security, usability, pricing, mobility, supported coins, and even more. While each of them is important, security should always go first.

Now,  if you’re looking for the most secure EOS wallet, you should go for hardware ones, including Ledger Nano X and Trezor Model T. These wallets keep your private keys offline, so hackers won’t be able to access them.

Main score based on expert evaluations & real user reviews.

Whether the crypto wallet is hardware, software, desktop or paper type.

For which purpose or for what kind of people is the cryptocurrency wallet best for.

Most popular hand-picked deals & coupons.

Final crypto wallet evaluation conclusion based on research, expert opinions & user feedback.

LEDGER NANO X TREZOR MODEL T

Overall Score

9.8
8.4

Wallet Type

Hardware Hardware

Best For

Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies Best for Easily Control Funds, Manage Balance and Initiate Transfers

Latest Coupons

All Ledger Nano X Coupons All Trezor Model T Coupons

Verdict

One of the best hardware cryptocurrency wallets ever made. One of the most-secure cryptocurrency hardware wallets on the market.
Visit site Visit site

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

While software wallets are less favored, it’s not a secret that they’re very easy to use. Also, they can be a great option for those who store small amounts of cryptocurrencies.

Overall, it all depends on your personal preferences, however, if you find it difficult to make a decision, you might want to consider storing part of your cryptocurrencies in a hardware wallet and part in a software one. It’s always better to split your assets because if one storage is threatened, you’ll always have another one.

Hopefully, this article was all you expected and even more!


Other Crypto Exchanges In This Category

Here are other crypto exchange related to the category but not as favoured by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchange in the list with the higher rating that I'd recommend for the same price range or less.

Ledger Nano S - Good Price-Quality Ratio

Update: The Ledger Nano S has been discontinued and replaced by the Nano S Plus. If you want to know more about the latter, you'll find that above.

Ledger Nano S is another option that you should take into consideration when choosing the best EOS wallet. It was the original Ledger wallet for cryptocurrencies that was created before Ledger Nano X - a more advanced version of this device that we already talked about. 

Now, Ledger Nano S is a perfect option for those who are looking for a less pricey hardware wallet that would still provide robust security. Once again, since it’s a cold wallet, security is one of the main reasons why people tend to choose it. 

Ledger Nano S allows you to buy and secure your cryptocurrencies as well as manage them using a single app. It was the first certified cryptocurrency wallet in the market. This device integrates a Secure Element (SE) that is considered to be the most secure chip in the market. It is capable of protecting you from sophisticated attacks and can host your private keys securely

What’s exceptional about Ledger is that their wallets have custom OS (BOLOS) that isolates applications from one another and protects your device against malicious attacks. Ledger wallet is used by more than a million people, both beginners, and more experienced ones. That said, it definitely deserves to be named as one of the best EOS wallets. 

Just like Ledger Nano X, this model is made of steel and other durable materials, so you shouldn’t be worried about physical damage. Also, in case you lose the device, you’ll be given a 24-word recovery phrase that you will need to use to recover your assets. The process is really simple

Unfortunately, this device is less user-friendly than the previously discussed wallets on this list. That’s because if you want to send your coins to someone else from Ledger Nano S, you will need to plug it into your desktop device. When doing that, you will need to enter a PIN each time. That’s good as it gives you even more security. 

Now, setting up hardware devices is definitely more complicated than using software wallets. However, the security you get is completely worth it. Since Ledger comes together with a user manual, you will need to follow simple steps and it will be ready in a few minutes! 

Best EOS wallet: the Ledger cold wallet device.

In case you decide to store not only EOS but also other digital currencies in this wallet, there are almost no limits. Ledger supports more than 26 coins and over 1500 tokens. That said, you’ll be able to store not only Bitcoins, Ethereum or Litecoins, but also less-known cryptocurrencies, such as Ubiq, Hcash, and Stratis. This is the first time I’m hearing about these tokens as well. 

What is the Ledger Nano S Price? 

As already mentioned, Ledger Nano S is one of the better EOS coin wallets for those who are looking for an inexpensive hardware wallet. 

At the moment, Ledger Nano S costs $59, however, you’ll be able to come across some really exceptional deals that will minimize this pricing even more. Or, you can get a family pack of three and pay only $139

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.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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MAX security

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Evaluation

Price value
Ease of Use
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Safety

Shanice Carlson

4.4/5.0 - Trezor Model T User
20/12/2023

Excellent Hardware Wallet

Worked perfectly

Evaluation

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Ease of Use
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Safety

JACKSON

4.8/5.0 - Trezor User
24/12/2023

BEST

Safest wallet I have used, was difficult to set up, but worth it anyway

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Ease of Use
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Safety

darlene spears

5.0/5.0 - Ledger Nano X User
22/01/2024

trustworthy wallet

I trust ledger's security features enough to access my funds through my smarphone

Evaluation

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Ease of Use
Experience
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Safety

A.J. Pugh

5.0/5.0 - Trezor User
13/02/2024

New customer

I decided to try out the older Tezor wallet to figure out if this device would work out for me. Next month I will upgrade to Model T!

Evaluation

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Ease of Use
Experience
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FAQ

What is the best wallet for EOS?

The best EOS wallets are mostly the same as the best cryptocurrency wallets, in general. While there are a few different options to pick from (such as dedicated hot EOS wallets), the top-rated options still remain the Ledger Nano X and the Trezor Model T - the leading hardware crypto wallets in the industry.

Can you store EOS in a hardware crypto wallet?

Yes! Online, there appears to be some confusion on whether or not EOS can be stored on some of the safest crypto wallets on the market - hardware devices. Well, I'm happy to tell you that, as far as brands like Ledger are concerned, EOS is fully supported with their wallets. With Trezor, on the other hand, you will only be able to store EOS on the Model T.

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.

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