Looking for the best Cosmos wallet to store your ATOM tokens?
Well, you are in the right place.
At TheMoneyMongers, we work hard in vetting the wallets for various cryptocurrencies and this time its turn for Cosmos blockchain and its native ATOM cryptocurrency.
The chances are that you already know about Cosmos but still let me tell you:
Cosmos is a decentralized network of many parallel blockchains. These blockchains can be made as decentralized or as centralized according to the need of the application.
To do that ATOM token is the fuel of the Cosmos network. So to do anything on the Cosmos network, you need to have ATOM tokens which give economic value to ATOM tokens.
Some of you have also bought ATOM tokens as an investment by understanding this fact, and I must say, ATOM can become highly valuable in the future.
So keeping your ATOM tokens on an exchange isn’t wise, and I suggest you go through this list of Cosmos wallets to choose a suitable wallet for yourself.
Best Cosmos Wallet
|Cosmos (ATOM) Wallets||Wallets|
Cosmos Hardware Wallets
|Ledger Nano X [Recommended]|
|Ledger Nano S|
Cosmos Android & iOS Wallet Apps
Cosmos Web Wallets
#1. Ledger Nano X
Ledger Nano X needs no introduction, and that’s precisely because the kind of product it is.
It is a hardware wallet with a sleek design which lets you store 1000+ cryptocurrencies even on a malware-infected device. The good news is Ledger Nano X support Cosmos network and is a perfect device for you to store your ATOM tokens.
The private keys never leave the device, and you get access to safety features like PIN code, passphrase, and seed back-up for recovery.
Also, Ledger Nano X, which is the successor of Ledger Nano S is a mobile device because it supports Bluetooth allowing you to connect with your iOS and Android devices.
It gets better:
Ledger Nano X also supports staking of ATOM tokens on Ledger and governance of Cosmos network if you use it wit Lunie wallet.
Lunie is a web wallet official developed by Cosmos team.
Using the Lunie web wallet for Cosmos, one can easily send, receive, and manage ATOM tokens. Plus it allows you to stake ATOM tokens, participate in governance by voting and monitor the network by showing you the blockchain activity.
Using Lunie, you either create a new Cosmos address or use an existing one.
Another good thing about Lunie is that it integrates with your Ledger Nano X device easily providing you the best of both the worlds- hardware wallet security and ease of software.
This way you can even stake your ATOM tokens using your Ledger device and also participate in the governance of Cosmos without risking your tokens on a software wallet.
That’s why Lunie is the easiest way to send, stake, and vote on the Cosmos Hub.
If you have ample amount of ATOM tokens and you are just looking to stake them most efficiently, Wetez is the wallet for you.
Wetez was involved in the earlier development of tools for Cosmos and now provides one-click delegation service for ATOM token holders.
It has iOS and Android version, but it is a custodial wallet which you can use to stake your ATOM tokens in one click. Also, Wetez is a multi-blockchain wallet and allow you to store/send/receive XTZ/ATOM/IRIS tokens.
#4. Cosmostation [Mobile & Web]
Cosmostation is a decentralized wallet for Cosmos (ATOM).
Cosmotation comes as a mobile (iOS & Android) as well as web-wallet, where the password and private keys are owned and stored only by the end-user.
The password is essential as it keeps everything encrypted in the user’s mobile or device itself. If some get this password with physical access to your device will be able to steal your Cosmos (ATOM).
The same wallet can be used for delegation, staking, and claiming rewards on the Cosmos network.
Lastly, if you are not comfortable using a mobile or web wallet, then you can use Ledger Nano X hardware wallet with Cosmostation wallet for staking, managing, & delegating on Cosmos network.
Conclusion: Cosmos (ATOM) Wallet
Cosmos is a relatively new blockchain, but it has ambitious plans.
As of now, it is getting sufficient traction from the blockchain community as it aims to solve the long-standing problems of blockchains such as scalability, governance, and decentralization.
If Cosmos is to succeed in doing what it is aiming for Cosmos (ATOM) will be one of the most sought after tokens in the cryptosphere.
So before it happens, it is wise to store your Cosmos network tokens smartly in our suggested wallets, and if you are looking for a single recommendation for Cosmos wallet, you should go for Ledger Nano X because it is future-ready and allows you to access most of the functionalities of Cosmos network.