Best Crypto Wallets in Canada to use in 2022

crypto wallets

A crypto investor should think of storing crypto in a safe place. Unfortunately, thanks to the growing scams and hacks, it has become easy for investors to fall for dirty crypto scams and lose all their crypto assets. Hence, most crypto experts advise users to store their crypto in secure crypto wallets and avoid crypto exchanges. So the question is, what are the best crypto wallets in Canada to use?

The internet has a lot of different wallets to offer. You will find hardware wallets, software wallets, and many more. So let’s quickly have a look at them:

Best crypto wallets in Canada to use in 2022

1. Ledger Nano X

Whenever it comes to crypto wallets, Hardware wallets are the best ones. Ledger Nano X is the most preferred one among all the hardware wallets out there.

The hardware wallet comes with tons of features, and it is designed to keep your coins offline and protected.

The app can be combined with the Leader Live app. So you can enjoy unlimited security and control over your crypto.

Also, the hardware wallet allows you to buy, exchange, trade your crypto in the simplest way. As a result, you won’t need to transfer your coins to an exchange to sell it. Or if you want to add newer coins to your portfolio, you can do it directly via the hardware wallet.

The wallet also offers you a huge capacity. It allows you to install up to 100 apps at the same time. Plus, you can store more than 1,800 different tokens.

The hardware wallet is compatible with both desktop and mobile devices. Such as Windows, Mac, Linux, iOS, Android, and more.

However, as it is a hardware wallet, you will need to purchase it. Luckily, it comes with an affordable price tag that won’t dent in your pocket.

2. Ledger Nano S

Apart from the Ledger Nano X, there is also the Ledger Nano S. The S version comes with limited but enough features and costs less than the X variant.

Ledger Nano S can also be paired with the Ledger Live app. So you can enjoy maximum security and control over your crypto. Plus, it keeps your coins offline.

The hardware wallet also has partnered with different crypto businesses. So you can easily buy, exchange, trade crypto with a few clicks only. This kills the need to transfer your coins to exchange for any buying/selling operations.

However, you can only install up to 3 applications Ledger Nano S. Also, you can install and uninstall apps as per your requirements.

Along with that, it supports more than 30 cryptocurrencies, including Bitcoin, Ethereum, and XRP.

Overall, the hardware wallet is also pretty straightforward to use, and it is compatible with a wide range of devices.

If you’re confused between Ledger Nano X and Ledger Nano S, this guide by The Money Mongers explains it detail so you can choose the best option wallet for yourself.

3. Trezor Model T Express

Up next, there is the Trezor Model T Express. This one is one of the oldest cryptocurrency hardware wallets available out there. It is created by SatoshiLabs, and it offers you a wide range of features.

Trezor is designed to store your keys pretty securely and ensures that your keys are never leaving the hardware wallet. Also, Trezor keeps the keys isolated and protected against online vulnerabilities.

The hardware wallet can easily handle multiple cryptocurrencies. Or you can switch to the Bitcoin only firmware to tackle Bitcoin operations only.

Along with that, it has a few exclusive security features. One of them is the Shamir Backup. This creates 16 shares, so it would be easier for you to recover your crypto if something happens to your wallet.

Sending or receiving crypto using the Trezor hardware wallet is also pretty simple. Simply switch to the receive tab to generate a receive address in the app. However, you cannot buy, sell, or trade crypto within the hardware wallet.

4. Exodus

Exodus is also one of the popular desktop wallets available out there. This is a software wallet available for your Desktop and Mobile devices.

The wallet is extremely easy to use and comes with a crypto exchange. So it will be super easy for you to buy, sell, trade, or exchange your crypto assets without leaving the hardware wallet. The hardware wallet also supports more than 150 crypto tokens.

Along with that, Exodus encrypts your private keys and transaction data. So no one will be able to access your cryptocurrencies. Plus, you can use Face ID or Touch ID to add an additional layer of security if you are using the mobile app.

The wallet also allows you to track your crypto portfolio and performance over time. As it offers you real-time charts. This way, you would know which coin you should buy or sell.

Moreover, you can also send and receive cryptocurrency safely using a QR code or address. Also, it checks all the addresses automatically for errors.

Also, Exodus is absolutely free to use. However, it does charge you some fee when you use its built-in exchange.

5. Trust wallet

You can also check out Trust Wallet. This is also one of the best crypto wallets that you can use. Trust wallet is a mobile centric crypto wallet that is available for both Android and iOS devices.

Trust wallet is extremely fast and secure, and it is backed by Binance DEX support. Also, it is the official crypto wallet of Binance.

With this wallet, you can easily send, receive and store cryptocurrencies and other digital assets. Also, it allows you to earn interest in your crypto, play blockchain apps, and give you access to the DApps and DeFi platforms.

Trust Wallet helps you with a security system that lets you buy and store multiple cryptocurrencies. Such as Bitcoin, Tron, Litecoin, Ethereum, along with many ERC20, BEP20, and ERC721 tokens on your devices.

Also, it comes with an integrated Uniswap and PancakeSwap feature. So you can directly trade on the app. Plus, it lets you buy Bitcoin and other cryptocurrencies using EUR or USD.

Overall, it is one of the trusted mobile crypto wallets that you can download and use free of cost. But yes, some of the features in the app may attract a small fee.

6. Coinomi Wallet

For my next pick, I have the Coinomi Wallet. With this one, you can securely store, manage and exchange cryptocurrencies. It supports more than 1770 tokens and Altcoins, including Bitcoin, Ethereum, and many others.

Along with that, it offers support for every asset on Ethereum. Such as ERC20/223/723), Omnilayer, NEM (Mosaics), BNB (BEP2), and Tron (TRC10).

Moreover, it also comes with exchanges and services built-in. It lets you convert between assets, buy cryptocurrencies using your credit card, and helps you to convert crypto into gift cards.

Along with that, it offers you excellent security. Thanks to superb wallet encryption and cryptography guarantee.

In addition to that, you can enjoy faster confirmations and lower fees for Bitcoin and other cryptocurrencies. Also, you can switch between Bech32, P2SH, and legacy modes.

It also provides you multi-seed support. So you can store and manage multiple accounts within the same app. Plus, it has custom and dynamic fees.

7. Guarda

In the end, I have Guarda. This one is also one of the best crypto wallets available out there. With this one, you can securely hold your cryptocurrencies.

Plus, the wallet makes it super easy for you to send, receive, hold, buy and exchange crypto coins. Also, it comes with a staking feature.

On the app, you will find a wide range of trending assets for staking. Also, you can get an almost 40% annual yield. So growing your crypto with this wallet would be super easy for you. It also lets you exchange your crypto over 50 different coins. Plus, it offers you the best exchange rates.

In addition to that, it supports over 50 major blockchains and provides you more than 400 tokens of all leading protocols. So no matter which coin you would want to store, the wallet will help you with that.

You can also purchase cryptocurrencies via a bank card, exchange coins and tokens with just a few taps. Plus, you can send or receive funds using a QR code.

Final Words:

So those were some of the best crypto wallets in Canada to use. Now go ahead and check these wallets out and see which one you like the most. Also, if there is any question you would like to ask, then drop a comment below.

Other articles from mtltimes.ca – totimes.ca – otttimes.ca

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