What is a Crypto wallet?
A crypto wallet plays the role of a personal bank account but instead of storing fiat money it holds your cryptocurrency. Every crypto wallet has a public key and a private key. Public key is used by other people to send money to your crypto wallet and the private key is used by the wallet owner to access his funds.
Most crypto transactions happen on exchanges where you can buy and trade cryptocurrencies directly but your digital currency may be prone to thieves and hackers on exchanges. So it is important to have a secure crypto wallet where your digital currency is safe. Chose wallets that are widely trusted and offer full control of your keys and account.
As a crypto wallet allows you to store, send and receive cryptocurrency, it is important that you chose the right crypto wallet. There are a lot of crypto wallets in Australia. We have chosen some crypto wallets based on their features for you to check out. The list is not in any particular ranking order.
Some of the best crypto wallets in Australia are mentioned below:
Exodus is one of the best crypto wallets in Australia. You can display your crypto portfolio in Australian Dollars (AUD) or any other currency of your choice. This crypto wallet offers its users to store more than hundred types of cryptocurrencies along with Bitcoin. With Exodus users can integrate their wallet with your Trezor hardware wallet and trade on the Shapeshift exchange. It offers encryption security but doesn’t have two-factor authentication enabled yet. Exodus wallet owners can send, receive and exchange crypto directly through the app. It is a free crypto hot wallet which can be accessed through your mobile phone and desktop computer.
Coinomi is a hierarchical wallet and is built specifically for android. This crypto wallet is widely used thanks to its amazing user interface which offers a seamless layout and a wide range of cryptocurrencies. Users can store multiple digital currencies on their android phones. The best part about Coinomi is that it has an in-built exchange for hassle-free, efficient and fast trading. The security offered by Coinomi is also top-notch with market leading encryption due to its hierarchical deterministic security system. It also has the feature to support various digital assets other than cryptocurrencies too.
LocalBitcoins is one of Australia’s favorite crypto and bitcoin wallets. It allows the crypto holders to trade crypto directly with other users. This makes the trading process fast as there are no third parties or corporate overheads to take care of. This bitcoin wallet does its best to support all the local payment methods that its users want to use. LocalBitcoin is a web wallet which offers escrow protection for every transaction to make sure the traders’ money is safe. This wallet is free to use and the users don’t have to deal with stock-like exchanges with its simple peer-to-peer feature.
4. Ledger Nano S:
Ledger Nano S is a hardware crypto and bitcoin wallet. It is a portable hardware wallet that supports a wide range of cryptocurrencies including BTC, ETH, XRP, EOS, BTC cash, XLM and many more. Ledger provides high security by keeping your key safe in a certified secure chip. You can optimize your wallet capacity by installing and uninstalling applications on your device a sper your choice. You need to connect your hardware device with your computer, phone or tablet before spending your digital currencies. It has a sleek design which makes it easy to carry anywhere with you.
Swyftx is a crypto wallet provided by Australia’s most progressive crypto exchange. It offers more than 100 cryptocurrencies to trade and exchange. Swyftx organization is a member of blockchain Australia and thus follows all security protocols to keep your digital currencies safe. The Swyftx app is easy to use and quick to sign up on. The app has a lot of features, comparatively low fees, low spreads which the users can take advantage of to kickstart their investing and trading journey. It is compatible with both Android and iOS.
This crypto wallet is provided by Crypto.com, one of the fastest growing exchanges which has attracted over 10 million users globally. Crypto.com crypto wallet supports over 100 cryptocurrencies including BTC, ERC20, CRO LTC, WTC and many more. They provide three kinds of wallets that the users can choose from- a web crypto wallet, a DeFi non-custodial wallet and a mobile app crypto wallet. This wallet can be used for other financial activities like swapping, earning and sending. Crypto.com allows users to have full control over their private keys and cryptos.
eToro is one of the best crypto wallets in Australia. The eToro ecosystem is used by over 20 million investors and offers a platform for trading a wide variety of asset classes like forex, commodities, ETFs, crypto, stocks, and more. The crypto wallet offered by eToro is compatible with both iOS and Android. It is one of the most popular wallets among Australians. eToro is good for maintaining a diverse portfolio as it sports more than 120 cryptocurrencies. This wallet is highly secure as it is regulated by the Gibraltar Financial Services Commission (GFSC), a reputed financial body. Even if you lose your login credentials, you won’t be logged out of your wallet as eToro keeps your keys secure and unlosable.
Coinjar bitcoin wallet lets users securely store Ripple, Ethereum, Bitcoin, Litecoin, and many more cryptocurrencies. It is considered to be one of the best crypto wallets in Australia as it offers high security through multi-factor authentication and keeps the users’ coins safe. It takes only minutes to sign up on Coinjar and is really simple. You can easily manage diverse cryptocurrencies, customize your account and keep a tab on your transaction history as per your needs on this crypto wallet. It is compatible with both Android and iPhones.
Binance is a top rated cryptocurrency exchange and has a loyal customer base of over 100 million users. Binance offers two options for traders when it come to crypto wallets. First is the Binance web wallet which is highly convenient to use. You can login to your Binance account on your mobile web browser or online and access your coins from anywhere. The second option is you can download the Trust wallet by Binance. Trust wallet is a decentralized mobile wallet compatible with both Android and iOS. It can also connect with third party dApps for more trading features. Both the Binance wallets are secure, support many cryptocurrencies and let the users have full control of their keys.
OKEx can be counted in the list of best crypto wallets in Australia due to its enhanced features and multi-device compatibility. OKEx offers more than 400 digital currency pairs to its traders. OKEx can be used in Windows, Mac, Android, iOS and also as an extension to web browsers. Users have full control over their money and private keys. OKEx allows traders to buy DeFi coins without leaving the app and also gives access to all the latest cryptocurrency projects. OKEx also has an in-built exchange for easy trading within the app.
There are many more crypto wallets in Australia that you can choose from. Just make sure that your digital coins are in safe hands.