Whether you’re investing in cryptocurrency or simply holding onto assets, a crypto wallet is essential to secure your private keys and manage your digital portfolio. While a handful of wallets can hold Bitcoin, not all of them are created equal. To help you decide what is the best crypto wallet, Benzinga has compiled a list of leading options based on their security, functionality, and more.

Mycelium

What is the best crypto wallet, Mycelium stands out for its robust security features, which include multifactor authentication and encryption. Its noncustodial design ensures you hold sole ownership of your private keys, which is important for ensuring the safety of your investments. Mycelium is also the only open-source hot wallet on our list, which provides additional transparency and security benefits. Its only drawback is limited technical support options, but it’s still a top contender.

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The official mobile wallet of Binance, the world’s largest crypto exchange, offers a wide selection of supported blockchains and assets. It supports more than 100 currencies and tokens, making it a top choice for investors with diverse digital asset holdings. The app also boasts a comprehensive feature set, including built-in Web3 functionality that allows direct access to decentralized applications (dApps) and NFT marketplaces. Despite its broad support and features, the wallet is not fully open source, which may concern users who prioritize complete transparency. It is also a bit pricey, with transaction fees that can quickly add up. However, its integration with the Binance exchange makes it a convenient option for traders.