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Top Crypto Hot Wallets

Top Crypto Hot Wallets

12 Feb, 2021

1.Exodus

Exodus is a desktop and mobile wallet with a very simple user interface and an exchange built-in. One of Exodus’s most popular features is the ability to swap between a growing number of cryptocurrencies. Exodus currently allows for swaps between over 100 different cryptocurrencies. 

  • Type of wallet: Hot wallet
  • Purchase cost: Free
  • Compatible hardware wallet: Trezor
  • Incorporated exchange: Yes

With its simplicity, this wallet is great for beginners just getting into the crypto space. It also has great support, which is an essential feature for beginners getting into what many would consider a confusing market.

While it is great for beginners, more advanced users may find it lacking in some features. First, Exodus is a closed source wallet. This goes against the ethos of the idea of Bitcoin and blockchain and can create some security concerns as its code is not open for everyone to see. Instead, users rely on the Exodus team to ensure there are no holes in the security of its wallet.

Exodus has an option to set custom fees in addition to automatically setting a fee that ensures the transaction completes quickly.

Pros
  1. Huge variety of cryptocurrencies
  2. Built-in exchange
  3. Good customer support
Cons
  1. Closed source software

2.Jaxx

Jaxx is a popular multi-currency, multi-platform all-in-one cryptocurrency wallet. It allows you to exchange more than 80 cryptocurrencies using the Jaxx wallet.

  • Type of wallet: Hot wallet
  • Purchase cost: Free
  • Compatible hardware wallet: Trezor
  • Incorporated exchange: Yes

It allows you to check your balance and complete transactions using multiple blockchains.
Helps uses to track the market by analyzing the price challenges, market caps, and following the latest trends.
Supported platforms: Android, ios, windows, and Linux versions

Pros
  1. Huge variety of cryptocurrencies
  2. Built-in exchange
Cons
  1. Closed source software
  2. Charge hi rate for transactions