(Last Updated On: September 21, 2018)

7 best altcoin wallet review – securely store cryptocurrencies 2018

best altcoin wallet to securely store cryptocurrencies 2018

In the article, I have listed and review the 7 best altcoin wallet where you can securely store cryptocurrencies without worrying about losing them.

I have self-tested below listed hardware wallet and most of the other altcoin wallets. Until now I haven’t come across any issue.

The easiest way to understand the altcoin wallet is the same as your bank. The bank is the place which creates and provides you with a personal account number to send, receive, and store funds.
In case of cryptocurrency the place where cryptocurrency wallet address is created termed as cryptocurrency wallet (i.e. Bank).
Similarly, your wallet address (i.e. your bank account number) serves the same purpose to send, receive and store cryptocurrencies.

altcoin wallet address -> Bank account number

altcoin wallet or cryptocurrency wallet -> Bank where your bank account number is created

Altcoin wallet or cryptocurrency wallet is a software program where cryptocurrencies are stored. To be technically accurate, cryptocurrencies or altcoins are not stored anywhere unlike, regular money.

There is a private key (secret number) for every altcoin wallet address that is stored in the altcoin wallet. The private key is only accessible to the owner of the cryptocurrencies.

There is a public key which is open to the public (altcoin wallet address) whose primary function is to send or receive the altcoins

In common terms, you can assume the private key as your email id password.

The public key as the email id username which facilitates sending and receiving cryptocurrency.

A public key is your cryptocurrency wallet address

There are four types of altcoin wallet or cryptocurrency wallet

1.Online or Web wallet

2.Desktop, mobile, or software altcoin wallet 

3.Hardware wallet

4. Paper wallet

The first type of altcoin wallet is the web wallet or online wallet. 

Web altcoin wallet is hosted by the third party server i.e. you don’t have access to your private keys.

Your coins security depends on the service provider, as your private keys are stored on another server.

Hence, security can be little susceptible (drawback of the web altcoin wallet)

Beginners who deal in a lower amount of cryptocurrencies can use web altcoin wallet for small day to day transactions.

Because they are easier to use and maintain.

You can access your online altcoin wallet from any device connected to the internet.

The transactions are very easy on web altcoin wallet hence they are pretty useful in small day to day transactions.

The second type of best altcoin wallet is Software altcoin wallet or desktop altcoin wallet

A desktop wallet is a software which can be installed on your device i.e. desktop or mobile.

Software altcoin wallet gives you complete control over your coins as your wallet address private keys are hosted on your device.

As long as your device is not compromised your coins will be safe. Hence in terms of security, software cryptocurrency wallet is more secure than web cryptocurrency wallet.

The third type of best altcoin wallet is altcoin hardware wallet or cryptocurrency hardware wallet

Cryptocurrency hardware wallet is the most secure way to store your cryptocurrencies offline altogether.

It is a device that can be connected to your desktop, laptop, tablet, and smartphone.

They are designed to keep private keys of your currency in an offline setting. Private keys are generated via your wallet when you needed to spend Bitcoins.

Your coins will always be safe even if your machine gets hacked or someone stole your hardware wallet.

Because without knowing the secret pin of your hardware wallet nobody can transfer your currency to any other address or device.

Cryptocurrency hardware wallet also provides a backup option which adds an extra security layer, so you can access them even if your device gets damaged.

7 best altcoin wallet or cryptocurrency wallet to securely store cryptocurrencies

WalletcryptocurrenciesSpecificationsFeatures with pros and consOverall rating & Price
best altcoin wallet ledger hardware wallet
Ledger nano S
BTC, ETH, ETC, XRP, XLM, EOS, USDT, BCH, ADA, BTG, BNB, NEO, NEM, TRX + 21 more
  1. Size: 98mm x 18mm x 9mm.
  2. Weight: 16.2g.
  3. Made up of Brushed stainless steel and plastic
  4. A connector used USB 2.0
Pros
  1. Support almost every major cryptocurrency
  2. Security is top notch
  3. One of the lightest altcoin hardware wallet after Trezor
  4. Cheapest altcoin hardware wallet in the market
  5. Compatible with all major operating software
  6. Multi-apps support: FIDO U2F, GPG, SSH
  7. Customer support is responsive
  8. Easy to operate and easy to carry hardware wallet
Cons
  1. There are no major cons of the ledger wallet. Its a value for money device (my favorite)
Rating - 4.8 / 5
Trezor wallet best altcoin hardware wallet
Trezor White
BTC, ETH, ETC, XRP, XLM, TRX, ZRX, SC, VERGE, OMG, EOS, USDT, BCH, ADA, BTG, BNB, NEO, NEM, GAME, LTC, DOGE, BNC, +500 more
  1. Dimension - 60mm x 30mm x 6mm
  2. Weight - 12 gms
  3. 120 MHz embedded ARM processor (Cortex M3)
  4. OLED screen - 128x64 pixels
  5. Build of plastic
  6. The connector used USB 2.0
Pros
  1. Support most no of cryptocurrencies ( + 500)
  2. Lightest wallet in the market
  3. Security is of the highest grade
  4. Intuitive and easy to use interface
  5. A true value for money device.
  6. The second cheapest hardware wallet.
  7. Using it from last two year. It has been a smooth experience.
Cons
  1. Build up of plastic ( no major cons good drop resistance level)
Rating - 4.8 / 5
keepkey hardware wallet best altcoin wallet
KeepKey wallet
BTC, ETH, DASH, ANT, BNT, OMG, DGD, DNT, GNT, FUN, GNO, EDG, 1ST, INC, RLC, GUP, NMR, REP, BAT, LTC, CVC, MLN, MTL, RCN, SALT + 10 more
  1. Dimension - 38mm x 93mm x 12.2mm
  2. Full Anodized aluminum metal body
  3. Polycarbonate front
  4. OLED screen 3.12"(256×64 pixels)
Pros
  1. Large OLED screen
  2. Tough, Durable, and strongly built
  3. Elite wallet give a premium feel
  4. Use ARM® Cortex™-M3 processor
  5. Inbuilt Shapeshift instant cryptocurrency exchange
Cons
  1. Heavy, not easy to carry
  2. Expensive in comparison to Trezor and Ledger wallet
  3. To me doesn't justify its price
Rating - 4.2 / 5

7 best altcoin wallet review – securely store cryptocurrencies 2018

1.Ledger Nano S

Ledger hardware wallet best altcoin wallet coinexpansion
Ledger nano S is first on the list of 7 best altcoin wallet. It is a USB shaped smart card attached compact device launched in December 2014

Ledger nano s is built of stainless steel and plastic.

Ledger nano comes with an inbuilt tiny screen. Hence, you can operate it without connecting it to your device this decreases the chances of malware attack.

It weighs only 16.2 grams. Ledger is compatible with Mac, Windows, Linux or Chrome OS.

Ledger Nano S ensures the account can only be accessible after entering 4 digit PIN code each time it is plugged into the device.

It also offers 24 words back up seed keys which is useful in case you lost your wallet.

Ledger nano S supports most of the popular cryptocurrencies including BitcoinRipple XRP coin, Ethereum coin, Litecoin coin, and other 30 altcoins

Ledger Nano S guarantees the security of your cryptocurrencies at a very attractive Price 83.60$ (price varies)

Buy at a nominal discount

Note – Ledger comes in one more expensive model i.e. Ledger Blue which I will review in an upcoming article.

How to configure the Ledger hardware wallet? Watch the Ledger official video

2. Trezor.io

trezor hardware wallet one of the best altcoin wallet to securely store cryptocurrencies

Trezor is second on the list of best altcoin wallet to securely store cryptocurrencies. It was launched in 2014 by a Czech company called satoshi labs.

Trezor.io is the most reputed cryptocurrency hardware wallet in the cryptocurrency world.

Trezor.io in native language also called as vault or Bitcoin safe.

Trezor.io comes with an OLED screen and can be used for password management and document signing.

Trezor.io is well known for its top-notch security features.

Like ledger nano S Trezor.io also generates 24 words seed keys and 9 digit pin which comes handy to recover your funds in case your hardware wallet is stolen or broken

Like all cryptocurrency hardware wallet, your private keys are stored in an offline environment.

If you wish to wipe out your device then it can be done with a simple click and still your coins can be recovered using your seed keys and 9 digit pin

Trezor.io supports more than 500 cryptocurrenciesTrezor.io is priced at 109$ and can be bought at the 10% discount from the Trezor.io official website.

Buy Trezor.io

 

3. KeeKey

keep key hardware wallet one of the best cryptocurrency wallet review to securely store cryptocurrencies 2018

Keepkey hardware wallet is third on the list of 7 best altcoin wallet.

It offers the same functionality as of Trezor and Ledger hardware wallet but at a higher cost.

KeepKey wallet is made up of Aluminium metal and Polycarbonate so it tougher than other two hardware wallets.

It comes with the large OLED display but it makes little inconvenient to carry.

But bigger screen also adds extra security feature of wallet recovery using the cipher.

KeepKey offers hidden/alternate wallet which can be accessed via the passphrase.

Unlike Ledger and Trezor, it generates 12 words Recovery seed which is useful while recovering your wallet information in case your wallet is stolen or lost.

It supports 36 cryptocurrencies right now including almost every popular cryptocurrency.

KeepKey hardware wallet is Priced at $129  at Amazon

Buy Keep key at Amazon

Read a detailed review of 3 top cryptocurrency hardware walletsclick here

4.Exodus Desktop altcoin wallet

exodus wallet 7 best altcoin wallet 2018

Exodus is a Desktop cryptocurrency wallet and stands fourth on the list of 7 best altcoin wallet to store cryptocurrencies

Exodus is a multicurrency wallet which supports major cryptocurrencies excluding Ripple coin.

It also has an inbuilt shapeshift instant cryptocurrency exchange which allows users to convert one cryptocurrency to another instantly.

It is free to use and has an attractive UI.

As it is desktop cryptocurrency wallet your private keys never leave your desktop.

So unless and until your system is not hacked or compromised your coins will be safe.

There are features like one-click email recovery and backup seed keys for restoring your wallet which adds an extra security layer.

Desktop altcoin wallet is the second most secure way to store cryptocurrencies after hardware wallet and paper wallet (which I listed at the end of the article).

However, to access Exodus, you need to connect to the internet.

5. Jaxx

jaxx desktop cryptocurrency wallet one of the top cryptocurrency wallet to store cryptocurrencies

Jaxx is also a desktop altcoin wallet and sits fifth on the list of 7 best altcoin wallet. Jaxx was developed by the Canada-based company, Decentral in the year 2014.

Like other Desktop cryptocurrency wallet, private keys never leave the device, and functions like 12 words seed keys enable you to restore your funds in case of mishappening.

It supports 13 cryptocurrencies excluding Ripple cryptocurrency and has very simple easy to use interface.

It is equipped with inbuilt shapeshift.io which exchange one cryptocurrency to another crypto in no time.

Jaxx supports platforms like Windows, Mac OS, Linux.

It also supports chrome & firefox extension and can be downloaded on your (android, ios) mobile

6.Electrum

Electrum software wallet one of the 7 top cryptocurrency wallet

Electrum is a python-based multicurrency desktop/mobile wallet and ranked sixth on the list of 7 best altcoin wallet to store altcoins.

Electrum is free software released under the MIT License. No single entity controls the electrum wallet.

It has been around since 2011 and recognized as a trusted desktop altcoin wallet.

Electrum is equipped with features like setting up transaction fee,  change address, create invoices, determine expirations, and much more.

Electrum has very easy to use and clean interface. Electrum supports Windows, Mac, Linux for desktop and Android, IOS for mobile.

Electrum generates the 12-word seed keys as you create your wallet address.

In case your system gets crashed, you can install it on another machine and use the seed to restore your coins.

You can also export your private keys and use them in other Bitcoin clients. Electrum is fast because it uses servers that index the Bitcoin blockchain.

As electrum cryptocurrency wallet is decentralized and redundant hence wallet never got down

Electrum also supports hardware wallets like Ledger, Trezor.io, and Keep key.

It also supports Multisignature services which split the permission to spend your coins across several wallets.

Electrum offers two-factor authentication. It is completely malware-proof

7. Coinbase (web or online altcoin wallet)

coinbase walet one of the best altcoin wallet to store altcoins

Coinbase is a web wallet and ranked seventh on the list of 7 best cryptocurrency wallet.

It is much easier to use and has very simple, smooth, clean and beginner friendly interface.

However, the major drawback of a web altcoin wallet is that your private keys are stored on Coinbase’s hosted servers.

Hence, you don’t have complete control over your cryptocurrencies

Coinbase is also a cryptocurrency exchange which allows buying Bitcoin, Ethereum, Litecoin, and Bitcoin cash at the platform.

15 crypto trading tips to earn like pro crypto trader

Cryptocurrencies are insured at the Coinbase web wallet.

Coinbase wallet is also available for android and ios mobile users.

For beginners, online altcoin wallet is a good place to start your cryptocurrency journey and they are pretty useful in small day to day transactions.

But if you deal in an abundance of cryptocurrencies then there is none better than Ledger and Trezor hardware wallet. Because they provide robust and unparallel security.

Sign up for Coinbase

Paper cryptocurrency wallet

Paper cryptocurrency wallet is the fourth type of altcoin wallet or cryptocurrency wallet.

A paper wallet is a second most secure way to store your altcoins after altcoin hardware wallet.

A paper wallet involves “printing” and storing altcoins in an offline mode.

But unlike regular currency, it is not altcoin that is printed. It’s the information stored in an altcoin wallet that gets printed out.

The information on the wallet includes the public key (altcoin wallet address), which allows you to transfer money into that wallet, and the private key, like your password which allows access to your altcoins.

Thus, altcoins themselves are not stored offline, but the important keys are stored offline.

I have explained this at the starting of the article.

Altcoin paper wallet is generated using open-source generators, such as WalletGenerator.net.

It’s advised to unplug your Internet access while the keys are being generated and wipe out your internet history after the keys have been created.

It negates any possibility of malware interference.

As private keys are kept in an offline environment then basically there is no way someone can steal your funds

Create altcoin paper wallet address with wallet generator.net

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harsh vasistha author and the admin of the conexpansion

Hello, I am Harsh Vasistha Btech(IT) from New Delhi, India. I am the Owner and the Author of Coinexpansion (An Altcoin & Exchange Hub). Although I am not a techie, in fact, I am more an ideological person but got infatuated with blockchain technology. Hence I commit myself to thorough and in-depth research on the core subject. Coinexpansion is the product of my cryptocurrency learning lust.

Hobbies – An avid reader, compulsive learner, passionate writer, sports addict, history captivated, and obsessed with learning new things and love to decode that stuff into simple and self-explanatory words.
I will do my best to serve my viewers with more pragmatic information about cryptocurrency and it’s associated technology and will try to keep you updated with current events of the cryptocurrency world

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