Crypto Wallets Explained For Beginners - Safest Options

Finding the best crypto wallet can feel like a complicated process. There are soo many different options available including those made by companies like Trezor and Ledger but which one is the safest and most reliable? Today I'll be explaining the best beginner-friendly options for crypto wallets.

SOFTWARE WALLETS: These are a free storage option that is outstanding for beginners. They are typically programs that you can download on your computer or phone. Some of the best software wallets include Exodus and the Trust Wallet. Exodus is compatible with both iOS and Windows. The wallet can be viewed on your phone and also computer. Best of all its completely free and a great starting point for anyone with a portfolio under $5,000

HARDWARE WALLETS: The 2 main manufacturers are Trezor and Ledger. Both of these wallets have their own unique pros and cons. The main differences include the types of coins the wallets support, how you interact with the device, and the price it costs to buy. A cheaper hardware wallet like the Ledger Nano S One is 80 USD and one of the most expensive options is the Trezor Model T coming in at USD $215. Hardware wallets are the gold standard of security when it comes to crypto and are ideal for anyone with a portfolio over $5000.

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I am NOT a financial advisor! This video is for entertainment purposes only. Always make sure to do your own research and make your own conclusions before investing.

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