The best way to protect your investment in the crypto industry is to have your eggs in multiple baskets. You must also make sure that your baskets are locked.
This means that assets should be distributed among wallets and that you need to make sure that these wallets are secure and safe. CoinSutra has been a significant contributor to the education of the crypto community over the years about how to protect and secure investment.
Today’s post will focus on how to keep your ADA tokens safe. We have compiled a list top Cardano wallets for storing your ADA tokens.
Let’s get started.
Top 8 Cardano Wallets for ADA
These wallets are the best for storing your ADA tokens:
1. Binance (Exchange Wallet).
Top ADA Wallets – Binance Exchange Wallet
Binance is a top-ranked crypto exchange. It offers world-class security for its users.
The exchange has several security measures in place at the platform level.
To avoid hackers, keep maximum funds in cold storage. Suspend withdrawals within 24 hours after account changes. Use Multi-Sig wallets which require more than one authorized person for funds access. Encrypt data from end-to-end.
Top ADA Wallets – Binance Wallet Security
There are many other security options available at the user level.
2 Factor Authentication, Withdrawal Whitelisting, Device Authorization,Regular security updates and tutorials
Binance offers a Secure Asset Fund for Users, where 10% of the platform fee can be saved. This fund is available in the event of theft or hacking on the platform. It functions as an insurance policy.
Binance also offers products such as savings and staking that will allow you to make passive income from your ADA tokens.
Binance is a great place to store your ADA wallets.
You can find more information about Binance in our comprehensive Binance review.
2. Exodus (Desktop and Mobile Wallet)
Top ADA Wallets – Exodus Wallet
Exodus is a top-rated non-custodial wallet on the market. Users have full custody of their funds at any time.
It is important to note that transactions involving non-custodial assets require payment of a network fee.
You can earn passive income from your crypto assets by using the wallet’s additional DeFi features, such as lending and staking.
This is the user interface for the wallet:
Desktop WalletMobile WalletBrowser Extension
The platform is secure from a security standpoint because it doesn’t have custody of your crypto assets. It does not support 2 Factor Authentication. Trezor Hardware Wallet can be used to secure your Exodus wallet. This makes it easier to keep your funds connected to an offline device.
Exodus is a great way to store your ADA tokens.
3. Ledger Nano X (Hardware Wallet)
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Top ADA Wallets – Ledger Wallet
A hardware wallet is the best way to protect your crypto assets. Ledger Nano X is the best available hardware wallet.
Ledger wallets give you 100% custody and allow you to keep your funds offline. The wallet can only be accessed online at the time of a transaction.
You can manage your wallet from your mobile device. You can also create multiple assets accounts. The device can easily connect with DeFi apps via the LedgerLive app.
It is simple to use, offers a straightforward user interface, and allows you to store your crypto assets in the most secure way possible.
To learn more about Ledger Nano X, you can read our full review. We also have many tutorials on CoinSutra Youtube channel that will help you set-up and use your Ledger wallet.
4. Trezor Model T (Hardware Wallet)
Trezor Wallet is a top ADA wallet
Trezor, another excellent hardware wallet, keeps your funds offline. You have full custody of your crypto assets at all times.
Trezor was the first ever hardware wallet to be created in the crypto sector. Trezor Model T, a newer model of the Trezor wallets, is an upgraded version. It is easy to use and has a touch screen.
The wallet supports a desktop, android, and supported browsers. Trezor Suite is also available through the wallet, which allows for you to explore different DeFi applications.
Watch some of our tutorials on Trezor wallets here
5. Daedalus Wallet (Desktop Wallet)
Top ADA Wallets – Daedalus Wallet
Daedalus Wallet, a Cardano-specific wallet, is available. Input Output (IOHK), which is the company behind Cardano, supports the project.
Advanced security and validation systems are used by the exchange. All transactions are validated internally by the wallet. This allows for efficient, trustless, and accurate processing of transactions.
Daedalus Desktop wallet supports all major ecosystems (Windows, macOS and Linux).
You can customize the interface to suit your preferences by using a variety of themes. It can also be used to save ADA tokens.
6. Eternl (Mobile and Web Wallet).
Top ADA Wallets – Eternl Wallet
Eternl, another non-custodial wallet, allows you full custody of your ADA tokens. This wallet was previously known as “ccvault.io”, but it was later rebranded to Eternl Wallet.
The wallet can be used as a browser extension or as a mobile app for iOS and Android. You can pair the wallet with a hardware wallet like Trezor or Ledger.
Eternl wallet allows you to connect with various DeFi apps. You can also stake your ADA tokens for passive income.
Eternl can be considered a lightweight wallet. It does not validate all transactions, but validates only block headers. This can compromise a wallet’s security but it is very easy to use and maintain.
7. Yoroi Wallet (Mobile Wallet and Web Wallet)
Top ADA Wallets – Yoroi Wallet
Yoroi, a light non-custodial wallet for Cardano’s blockchain network, is called Cardano Light. This wallet was developed by Emurgo product and is supported by Input Output, IOHK, the company behind Cardano.
Hardware wallets like Trezor or Ledger can be used to secure the Yoroi wallet. You can also connect to DApps that are linked to your wallet.
You can use the wallet as a web wallet or a mobile wallet on iOS and Android.
Yoroi can be considered a lightweight wallet. It does not validate all transactions, but it only validates block headers. This can compromise a wallet’s security but it is very easy to use and maintain.
8. Typhon Wallet (Web Wallet).
Top ADA Wallets – Typhon Wallet
Typhon wallet can be used to keep your ADA tokens secure. You can also connect the wallet to a hardware wallet like a ledger, trezor, or other similar devices.
To earn passive income, you can stake your ADA tokens onto a Typhon wallet. The wallet also allows you to store and send NFTs (non-fungible token)
The wallet can be used as a browser extension on Google Chrome, Brave Browser and Microsoft Edge.
Conclusion – Top Cardano Wallets for storing ADA
This is the top list of crypto wallets that you can use to safely store your ADA tokens. Many wallets also offer staking, savings and lending services. You can also make passive income from your assets.
You can find some related posts if you’re new to crypto wallets:
Guide to the Best Crypto WalletsTop Bitcoin WalletsBest Ethereum Wallets
I hope you found this article helpful. If you have tried any of these wallets, please let us know. We want to know more about your tokens and will send you the best wallets.
This article does not constitute financial advice. Before making any financial decisions, please consult your financial advisor.