The 5 Best Multi-Cryptocurrency Wallets in 2020

Knowing how many interesting cryptocurrencies exist and how much money you could potentially make by investing in some cryptocurrencies, you might want a multi-cryptocurrency wallet rather than having one wallet app or program installed for every single cryptocurrency.

Now, if you’re interested in some great cryptocurrency wallets, some in terms of security and some in terms of usability and features, this is the guide for you.

1. Atomic Wallet

Safety level: average

The Atomic Wallet is a software wallet with a great user interface and user experience and supports over 300 coins and tokens. Also, you can even stake coins and tokens through their platform!

Take note though, Atomic Wallet is a software wallet that you install on your computer or mobile phone. Hence, your funds are significantly more vulnerable compared to when you’re using a hardware wallet like the Ledger Nano S or Ledger Nano X.

Advantages:

• Great user interface and experience
• Supports a huge variety of cryptocurrencies
• Staking features
• Available on almost all platforms
• Non-custodial

Disadvantages

• Vulnerable to hacks depending on your device’s security
• Not 100% open-source

Link to website: Atomic Cryptocurrency Wallet

2. MyEtherWallet (MEW)

Safety level: average

MyEtherWallet, also famously known as “MEW”, is the original and most used Ethereum wallets since 2015. With it being completely open-source, accessible on any device or platform, and fairly easy to use, MyEtherWallet gained the interest and trust of the Ethereum community very early on. Even today, it’s still one of the most recommended Ethereum wallets in the cryptocurrency community in general.

Advantages

• Supports all ERC20 tokens
• fully open-source
• non-custodial
• easy to use

Disadvantages

• Vulnerable to hacks depending on your device’s security
• Doesn’t support Bitcoin, only supports Ethereum ERC20 tokens

Link to website: MyEtherWallet | MEW

3. Trust Wallet

Safety level: average

The Trust Wallet, which is the official cryptocurrency wallet of the Binance Exchange, is said to be cable of holding thousands of different coins and tokens due to it also supporting Ethereum ERC20 and ERC721 tokens, and Binance Chain BEP2 tokens along with coins like Bitcoin and Litecoin.

While everything is sounding good with Trust Wallet, apparently, the Trust Wallet is open-source only on some platforms.

Advantages:

• Great user interface and experience
• Supports a huge variety of cryptocurrencies
• Staking features
• Has a DApp browser
• Available on almost all platforms
• Non-custodial

Disadvantages

• Vulnerable to hacks depending on your device’s security
• Not open-source on all platforms

Link to website: Trust Wallet

4. The Ledger Nano S

Safety level: Secure

The Ledger Nano S is one of the best hardware wallets you can get right now due to it being very affordable, but at the same time, secure.

When using a hardware wallet such as the Ledger Nano S, it is designed in a way that you can even transact and send/receive funds on a virus or malware-infected computer, without risking your funds to be stolen by hackers.

If you hold a good amount of cryptocurrencies, probably more than $500 worth of coins and tokens, a secure and reputable hardware wallet such as the Ledger Nano S is definitely heavily recommended.

Advantages:

• Great user interface and experience
• Supports a huge variety of cryptocurrencies
• Staking features
• Available on most platforms
• Non-custodial
• Very secure
• Affordable

Disadvantages

• Can be a hassle to use if you send funds frequently
• No Bluetooth functionality
• Low device memory, can only handle 3-5 cryptocurrency apps

Link to website: Ledger Nano S

4. The Ledger Nano X

Safety level: Secure

Just like the Ledger Nano S, The Ledger Nano X is a wallet that’s great for long-term cold storage investments. The advantage the newer feature-packed Ledger nano X has over the older but more affordable Ledger Nano S is that the Ledger Nano X has Bluetooth functionality. Meaning, you can easily transact on your mobile phone securely without even needing to use a USB cable. Along with that, more device memory!

Advantages:

• Bluetooth support
• Can hold up to 100 cryptocurrency apps
• Great user interface and experience
• Supports a huge variety of cryptocurrencies
• Staking features
• Available on most platforms
• Non-custodial
• Very secure
• Affordable

Disadvantages

• Less affordable compared to the Ledger Nano S

Link to website: Ledger Nano X