With the increase in the number of altcoins, the need to store these altcoins safely is also growing.
Many cryptocurrency wallets are recognizing this need and making their single currency wallets as multi-cryptocurrency wallets.
There are good chances that you too hold many currencies and are on the look for a reliable multi-currency wallet or a safe altcoin wallet. If that is so, you are in the right place because we often review some of the best cryptocurrency wallets for you.
Choosing a wallet is not easy. It is easy to be deceived and get to use the wrong wallet, which can result in permanent loss of your funds.
So make sure you only choose the reviewed and tested wallets that have made some name for themselves in the cryptosphere. Here is the list of similar wallets that we think are reliable and vetted by us:
Best Multi-Coin or Altcoin Wallet For Cryptocurrencies
|Multi Cryptocurrency or Altcoin Wallets||Wallets|
|Hardware Wallets||Ledger Nano X [recommended]|
|Android & iOS Wallet Apps||Trust Wallet & Coinomi|
|Web Wallets||Magnum Wallet|
#1. Ledger Nano X [Hardware]
Ledger Nano X is the best multi-currency wallet one can ask for !!
It’s a hardware wallet which got launched in early 2019 and is now rocking the market with its cutting edge features. It’s not only the features but also the security standards Ledger SAS has set for itself.
Ledger SAS is the company behind Ledger hardware devices and is based out of France since 2015. Given the fact, a year in crypto is like ten years, so you can just imagine the amount of experience Ledger SAS has in developing solutions for crypto safety.
On the product side, Ledger Nano X offers superior design, and a highly engaging user interface both on the device as well as on its software client – Ledger Live app.
It gets better:
The device comes with Bluetooth allowing you to connect wirelessly to your iOS and Android devices so that you can play with your currencies on the go.
Of course, for this experience, the device comes with a battery which can last upto several hours. Additionally, the hardware wallet is capable of storing 1000+ cryptocurrencies, and you can use 100 coins at a time on the device, which is the most number of coins in comparison to its peers.
This makes it the best multi-cryptocurrency wallet in the present conditions.
Lastly, it is a non-custodial wallet where you can control the ownership of all the cryptocurrencies through one seed, which is an excellent feature to have.
Trust Multi Coin Wallet
Trust Wallet is my favorite mobile wallet, and I thoroughly enjoy using it because of its security and intuitive UI.
Trust wallet is a multi-currency HD wallet that supports Ethereum, Bitcoin, Litecoin, Etherum based tokens, etc. They have also added the feature of Staking via their DApp browser when you visit platform.trustwallet.com.
And with the Trust wallet, you need not worry about the security of your coins or tokens because it is a non-custodial wallet where you always control your private keys.
Not only this:
Now Trust wallet is available for both iOS and Android with built-in exchange/buy features with support to 40+ coins!
#2. Coinomi [Mobile]
Coinomi is another multi-currency hardware wallet which has made a name for itself in the cryptosphere. The company is based out of London, the UK since 2015 and is a pioneer in supporting forked coins.
The development team is swift and competent, which gives confidence to its massive user base to store its 100+ cryptocurrencies on it.
Coinomi is supporting 130+ currencies as of now and is available for iOS and Android users. They have also launched their desktop clients, but I have not used those.
Furthermore, the wallet gives you a single seed through which you can be in control of all the currencies, making it one of the most advanced multi-cryptocurrency wallets for mobile users.
Coinomi also has an in-built exchange in the app itself that allows you to exchange one coin for another without the going to your centralized crypto exchange. Such a feature is handy to have in events of extreme volatility.
#3. Exodus [Desktop]
Anyone who has read, TheMoneyMongers before would know that we love Exodus wallet and let me tell you this is not a bias.
Exodus is simply the best multi-currency desktop wallet to have on your personal computer. The wallet has never had major flaws and has a beautiful design.
The design is so simple that even your grandparents can use it. And still, they haven’t let this simplicity compromise their security, which is generally an easy thing to do.
Apart from that, it is pretty standard for them also to provide you with seed words that will keep you in control of your digital assets. At present Exodus supports 100+ cryptocurrencies & tokens.
I like the pie-chart representation of my portfolio and its capacity to integrate with Trezor like hardware wallet for several currencies.
Integration with a hardware wallet like Trezor gives you the best of both worlds. To Exodus lovers, it gives them the freedom to continue using the simple software interface and still leverage the secure hardware infrastructure.
Mac, Windows, & Linux versions are available for the Exodus wallet. They have also launched their mobile wallets, but I haven’t got a chance to look at them.
#4. Magnum Wallet [Web Wallet]
Magnum wallet is another multi-currency wallet that I started testing and using in 2019. So far the experience has been good and safe enough to tell you guys, so that’s why it has made to this list.
Magnum wallet is a non-custodial multi-currency wallet that is capable of storing 50+ currencies through its web interface. The seed or private keys remain encrypted in the browser itself, so make sure to use the correct wallet.
Also, beware of fake web wallets trying to look like a Magnum wallet and trying to get your password through phishing attacks.
When you make a wallet on Magnum for the first time, you will be required to set a password. This password is the key to your wallet, and losing this would mean losing your access to all the currencies stored on the Magnum wallet.
However, there is a way to back-up. When you first log in for the first time, make sure to take the back-up of the private keys file from the settings section.
Having this back-up will help you access your cryptocurrencies in an event where you have lost or forgotten your password.
Another, good thing about Magnum is, it integrates easily with Ledger Nano X wallet giving you the freedom to use hardware wallet infrastructure through the software interface of Magnum.
Best Altcoin Wallet: Wallets For Multiple Cryptocurrencies?
Now you must have understood how to create or get a multi-currency wallet. But the question arises now, which wallet to use from it?
Well, all the wallets that we have listed here are after a thoughtful use and discussion internally in our team. So all these wallets are safe and the best in the business of storing multiple currencies.
Moreover, at TheMoneyMongers, we don’t recommend custodial wallets because that goes against the ethos of cryptocurrencies itself.
But still, if you are confused and want a single recommendation from us, go for Ledger Nano X– a wallet that is future-ready and capable of storing 1000+ currencies for the long term.
If you have any more questions, feel free to shoot to us in the comments below 🙂
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.