Cardano is a groundbreaking blockchain platform that provides robust security and sustainability to decentralized applications (DApps) development, systems, and societies. This platform with a multi-asset ledger and verifiable smart contracts helps run the financial applications used by individuals and institutions worldwide.
ADA is the native token for Cardano, which can be used as a secure exchange of value. Users can store their Cardano (ADA) in secure wallets to delegate to a stake pool for earning rewards. There are many Cardano wallets in the market, and it’s difficult to choose an online ADA wallet for your crypto storage needs. Following is a curated list of top Cardano wallet apps that are easy to use and super-secure. The list contains free and paid apps with popular features and website links.
Best Cardano (ADA) Wallet
#1 Best Overall
✔️ Coins Supported: Bitcoin, Litecoin, Dogecoin, Ethereum.
✔️ Type of wallet: Cold wallet
✔️ Price: $175
#2 Top Pick
✔️ Coins Supported: 1000+ including BTC, ETH, DOT, ADA.
✔️ Type of wallet: Hot wallet
✔️ Price: Free
✔️ Coins Supported: Bitcoin, Ethereum, Ripple, HEX.
✔️ Type of wallet: Hardware wallet
✔️ Price: €189
✔️ Coins Supported: 500+ including BTC, ETH, LTC, BCH, DOGE, etc.
✔️ Type of wallet: Hot storage
✔️ Price: Free
✔️ Coins Supported: Bitcoins, Ethereum, XRP, XMR, LTC.
✔️ Type of wallet: Software wallet
✔️ Price: Free
1) Ledger Nano – Best Cold Wallet
The Ledger Nano is a hardware wallet that supports a multitude of cryptocurrencies. This hardware wallet has an LED display for payment validation and a PIN to confirm the transaction. This handheld device is convenient and secure.
Feature:
- You can easily access it via USB-compatible devices.
- It allows you to install up to 100 applications.
- This Cardano wallet allows you to secure and control all your crypto.
- It offers 2-factor authentication.
| 👍 Pros | 👎 Cons |
|---|---|
| It supports 5500+ coins and tokens. | It is expensive |
| It offers Bluetooth connectivity | Does not offer touch screen support. |
| There is no need for an OTG kit. It has a USB-C cable. | |
| It has 8-hour battery life. |
Key Specs:
Coins Supported: 5500+ coins, including Bitcoin, Litecoin, Dogecoin, Ethereum, LINK Chainlink, etc.
Type of Wallet: Cold wallet
Available Countries: Delivered to all the countries
Mobile App: Android and iOS.
Size: 72mm × 18.6mm × 11.75mm
Battery: Lithium-ion 100mAh battery that gives 8 hours of extended battery life.
Connectivity: Bluetooth and USB-C cable
Customer Support: It has a vast knowledge-based page, live chat, and email chat
Certification: It is certified by CC EAL5+
Staking Support: Yes
Blockchain Support: ERC20
Certification Level: CC EAL5+
Battery: 100mAh.
Price: $175
2) Binance – Best Wallet with Multiple features
Binance is one of the best platforms to create a Cardano wallet that offers a platform for trading more than 150 cryptocurrencies. It provides an API that helps you to integrate your current trading application.
Features:
- This application offers a wide range of tools for trading online.
- It is one of the safest Cardano wallets that provides 24/7 support.
- This platform is compatible with Web, iOS, Android, and PC clients.
- Binance offers basic and advanced exchange interfaces for trading.
- It does 1.2 Bn average daily trading volume with more than 1,400,000 transactions per second.
| 👍 Pros | 👎 Cons |
|---|---|
| Over 1500 cryptocurrencies for trade and Over 65 cryptocurrencies for U.S-based investors | Not a good customer support. |
| Affordable fees | |
| Wide selection of trading options and order types | |
| Provides comprehensive charting feature |
Key Specs:
Coins Supported: 1000+ including BTC, ETH, etc.
Type of wallet: Hot wallet
Available Countries: 100+ countries like North USA, UK, Belgium, France, Italy, etc.
Mobile App: Android and iOS.
Insurance: All U.S. dollar deposits at Binance.us are held at custodial bank accounts and insured up to $250,000 for bank failure by the Federal Deposit Insurance Corp.
Staking Support: It launched the “High-Yield Center,” where you can stake and earn up to 104.62% APY.
Blockchain Support: BNB, Polygon (MATIC), SOL, Polka dot (DOT), Cardano (ADA), ERC-20, BTC, ETH, LTC, etc.
Customer Support: 24/7 Chat Support, Submit a request.
Hardware Wallet Compatibility: Only with Ledger, Trezor.
Security: Very Secure
Price: Free
3) Trezor – Best Hardware Wallet
Trezor is a hardware wallet that helps you to store your Cardano (ADA) coins. You can easily plug it into your computer or smartphone. It helps you to randomly generated a pin code that keeps the device safe and secure.
Features:
- It offers ultra-secure offline storage.
- It supports more than 1,000 currencies.
- Easy-to-use touchscreen.
- Extremely simple to use.
- It allows you to hide your private key.
| 👍 Pros | 👎 Cons |
|---|---|
| It offers a color touchscreen. | Quite expensive tool |
| Trezor T is an Open-source firmware. | Needs good customer care support |
| Easy to set up | |
| Provides top-notch security |
Key Specs:
Coins Supported: 1800+ including Bitcoin, Ethereum, Ripple, HEX, etc.
Type of Wallet: Hardware wallet
Available Countries: Delivered to all the countries
Mobile App: Android
Compatibility: Linux, Android, Windows 10+, macOS 10.8+
Size: 64 mm x 39 mm x 10 mm
Connectivity: USB-C connector
Staking Support: Trezor hardware wallets do not allow cryptocurrency staking. Users can, however, link the Trezo Model T or Trezor One wallet to a third-party validator or staking pool. They can also use the Exodus wallet as a staking interface
Customer Support: email, Trezor wiki page, FAQ section
Certified: Trezor devices are clearly CE and RoHA certified.
Security: Very secure
Blockchain Support: ERC20
Certification Level: External power source.
Battery: ERC20
Price: €189
4) Coinbase – Best Wallet for Beginners
Coinbase is one of the best Cardano wallets that can be utilized for purchasing, selling, transferring, and storing digital currency. It securely stores a wide range of digital assets in offline storage. This platform is supported in more than 100 countries.
Features:
- You can buy and sell any digital currency and keep track of them in one place.
- It provides an app for both iOS and Android devices.
- You can schedule your currency trading on a daily, weekly, or monthly basis.
- It stores your funds in a vault for safety purposes.
- It is one of the largest cryptocurrency exchanges.
| 👍 Pros | 👎 Cons |
|---|---|
| User-friendly interface | High transaction fees |
| Multi-signature and 2-factor authentication support. | Limited trading types |
| Provide optional cloud backups which can protect your digital keys. |
Key Specs:
Coins Supported: 500+ cryptocurrencies, including BTC, ETH, LTC, BCH, DOGE, etc.
Type of wallet: Software wallet
Available Countries: 100+ countries like North America, South America, Europe, Asia, Oceania, Africa, etc.
Mobile App: Android and iOS.
Insurance: Coinbase maintains crypto-insurance and all USD cash balances covered by FDIC insurance, up to a maximum of $250,000.
Staking Support: Up to 8% APY in crypto savings
Blockchain Support: It supports various blockchains like Arbitrum, Avalanche C-Chain, BNB Binance Smart Chain, Gnosis Chain, Fantom Opera, Optimism, Polygon, xDai.
Customer Support: Coinbase help page, emailed support, an automated phone system, and a chatbot.
Regulations: Coinbase is also registered as a Money Services Business with FinCEN.
Hardware Wallet Compatibility: Only with Ledger, Trezor.
Security: Very Secure
Signup Bonus: $5 For US Citizens
Price: Free
5) Cex.io – Best for trading major cryptocurrencies
Cex.io is one of the best Cardano wallets that helps you to buy and sell crypto. It allows you to deposit funds using MasterCard, Visa card, or PayPal Debit MasterCard. This platform follows scalping and frequency trading strategies to secure assets and data.
Features:
- Users can trade USD for ADA, Bitcoins, Ethereum, and XRP (Ripple).
- It protects against DDOS(Distributed Denial-of-Service) attacks using full data encryption.
- You can trade with more than 10x leverage without creating an extra account.
- It is one of the top crypto exchanges that supports platforms like mobile devices and websites.
- This DApp offers downloadable reports showing real time balance and transaction history.
| 👍 Pros | 👎 Cons |
|---|---|
| It offers protection against DDOS (Distributed Denial-of-Service) attacks with the help of full data encryption. | Does not offer many coin options. |
| Offers advanced order matching algorithms. | |
| Supports REST and FIX APIs for automated trading. |
Key Specs:
Coins Supported: Bitcoins, Ethereum, XRP, XMR, LTC, Cardano, Neo, etc.
Type of Wallet: Software wallet
Mobile App: Android and iOS
Customer Support: email and Chat
Security: Secure
Price: Free
6) Kraken – Best Wallet with High deposit & withdrawal limits
Kraken is one of the best Cardano wallets that offers financial stability by maintaining full reserves, relationships, and the highest legal compliance standards.
Features:
- A highly comprehensive security approach.
- Allows you to buy and sell assets in a single click
- You can reach out to their support team via live chat.
- Kraken automatically checks all addresses for errors.
| 👍 Pros | 👎 Cons |
|---|---|
| Great security | It demands Higher fees when not using Kraken Pro |
| Gives high liquidity exchange | |
| Nice customer care service | |
| Straightforward user interface |
Key Specs:
Coins Supported: 120+ coins are supported, namely: Bitcoin (BTC), Polkadot (DOT), Ethereum (ETH), Dogecoin (DOGE), Cardano, etc.
Type of Wallet: Hot and Cold Wallet
Available Countries: Africa, Asia, Europe, North America, Oceania, South America
Mobile App: Android and iOS.
Staking Support: Yes. The APY ranges from 4% to 12%
Blockchain Support: ERC-20, TRC-20, Polkadot, Solana (SPL), Cardano, Ripple, + 20 other networks.
Customer Support: Available 24/7 via live chat, phone, and email.
Regulations: Kraken is regulated by FinCEN.
Hardware Wallet Compatibility: Yes
Security: High
Price: Free
7) Gemini – Best for beginners
Gemini is one of the best Cardano wallets that helps you to legitimize cryptocurrencies worldwide. It is a simple, elegant, and secure way to build a crypto portfolio.
Features:
- It provides discounts up to 0% for volume traders.
- It offers good security measures.
- Available in over 60 countries and all U.S. states
| 👍 Pros | 👎 Cons |
|---|---|
| Insured against certain unauthorized withdrawals through private plans. | Higher fees |
| Trading available on both web platforms and mobile apps. | No anonymity while using cryptocurrencies |
| Easy to set up | |
| Provides top-notch security |
Key Specs:
Coins Supported: 70+ including Bitcoin, Ethereum, Litecoin, Cardano and Bitcoin Cash, etc.
Type of Wallet: Software wallet
Available Countries: Delivered to all the countries
Mobile App: Android and iOS
Compatibility: Linux, Android, Windows 10+, macOS 10.8+
Customer Support: email and Chat
Hardware Wallet Compatibility: No
Security: Very secure
Price: Free
8) Coinsmart – Best Wallet for Canadians
Coinsmart is a digital currency exchange that enables you to buy and sell crypto with no hassle. It enables you to access your crypto balance instantly. This application provides you a quick and easy way to invoice your customers using SmartPay Invoicing.
Features:
- It provides 24/7 Live Support.
- It allows you to trade any currency with just one click.
- It processes all Fiat withdrawal in few days.
- Enables you to place customized orders seamlessly.
- This platform can be accessed from mobile and desktop.
| 👍 Pros | 👎 Cons |
|---|---|
| Easy to set up with quick account verification. | Available in very limited countries |
| Fast and same-day deposits. | It currently only offers 16 coins. |
| It offers a referral program |
Key Specs:
Coins Supported: CoinSmart currently offers 16 Cryptocurrencies, including BTC, ETH, LTC, BCH, EOS, XLM, ADA, DOGE, DOT, etc.
Type of wallet: Cold wallet and Hot wallet
Available Countries: Canada, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Turkey
Mobile App: Android and iOS.
Insurance: Their cold wallets are insured by BitGo for 200 million.
Customer Support: CoinSmart provides 24/7 omnichannel customer support, SmartRep, via email or live chat.
Regulations: Canadian Securities Administrators’ (CSA), Investment Industry Regulatory Organization of Canada (IIROC), and Ontario Securities Commission (OSC)
Staking Support: No
Blockchain support: ERC-20 and standard BTC wallets.
Price: Free
FAQ:
❓ What is Cardano Wallet?
Cardano wallet is a cryptocurrency wallet that allows you to send, receive, store, and manage the Cardano (ADA) cryptocurrency. Best wallets for Cardano are available in software, hardware, online, and application platforms. It offers robust security for cryptocurrency transactions.
👉 Which are the best Cardano Wallets?
Following are the best Cardano Wallets:
⚡ What are the advantages of Cardano?
Here are some pros/benefits of Cardano:
- Ensures mathematical accuracy in Cardano functioning.
- It helps you to lessen energy costs when checking blocks.
- Allows you to conduct fast transactions to work with digital assets.
- Cardano does not charge large commissions when instant transactions are carried out.
- Complete anonymity of users.
- It fixes network errors without a rear hitch.
🏅 Can you keep your cryptocurrencies in two or more wallets at a time?
No, you cannot store all cryptocurrencies in the same wallet, and not all locations store the same cryptocurrencies. Some wallets may store only 3 cryptocurrencies, and they are divided into three different wallets and have the options of vaults. However, some wallets also allow storing more than 3 cryptocurrencies.
🚀 What is the best Cardano wallet for Android?
Some Best Cardano wallet App for Android are Coinbase, Gemini, Binance, Kraken, etc.
👉 What is the best Cardano wallet for iOS?
The Best ADA wallet for iOS are Coinbase, Gemini, Binance, Kraken, etc.
💥 Tips for securely storing your Cardano
Here are some important tips for securely storing your Cardano (ADA):
- Go offline: Offline storage eliminates the threat of hacking, making it safer than any wallet that is connected to the Internet.
- Backup: Make sure you regularly backup your wallet so that it is up to date. You can easily access your crypto holdings in case something goes wrong.
- Use common sense: You need to use a strong password and never give passwords or private keys to anyone else.
- Choose a trusted wallet: Make sure you always choose a trusted and reputable crypto wallet.
❗ Which Cardano wallets can be used for Cardano staking?
Ledger Nano X, Coinbase, etc., can be used for Cardano staking.
💲 What is Bitcoin Wallet?
A Bitcoin wallet is a software application in which you store your Bitcoins. However, Bitcoin does not exist in any physical shape or form. Bitcoin cannot technically be stored anywhere except coin wallets. This type of software is easy to use and reliable while also being secure and fast.
❓ What are the safety measures used in cryptocurrency wallets?
Here are some safety measures you need to understand while using a cryptocurrency wallet:
- Keep a small amount in your crypto wallet.
- Keep a backup of your wallet that helps you to protect yourself against computer failures or any human mistakes.
- You should encrypt any backup that is exposed to the network.
- Use a strong password that must contain letters, numbers, punctuation marks and must be at least 16 characters long.
- You need to make sure you never forget the password, or you may lose your fund.
👉 Can you pledge/take a loan against coins stored in crypto wallets?
Yes, you can pledge or take a loan again coin stored in a Bitcoin wallet. It is known as a Bitcoin loan, which is similar to a traditional loan offered by banks. In the bitcoin loan, most of the risk is not on the lender. Still, the borrower is putting up more than enough Bitcoin to cover the loan and interest payments.
🏅 What are some important types of Crypto wallets?
Here are some important types of Crypto Wallets:
- Hot wallets. These types of wallets use keys (a type of cryptography, like a password) created or stored on a device that is connected to the Internet. Hot wallets provide high utility, but they are considered less secure than cold wallets.
- Cold wallets: These wallets use keys created on a device that is not connected to the Internet. They are also known as hardware wallets. Cold Wallets are stored on physical devices.
- Hosted wallets: These wallets are live on another server that you don’t have control of. Hosted wallets offer various levels of protection as third parties insure some hosted wallets.
- Decentralized wallets: In a decentralized wallet, you are the only person that holds the keys to your crypto wallet. A decentralized wallet never gives you a guarantee of complete privacy. However, it also means you don’t need to rely on a 3rd party to send, receive or store your cryptocurrency. It helps you to ease some security risks associated with hosted wallets.
- Hardware Wallets: Hardware wallets are physical devices (like a type of USB drive). The Ledger Trezor, Nano X, and KeepKey are popular names in hardware wallets. They are considered highly secure types of wallets. It is the best choice for you to keep your digital assets.
- Software Wallets: Software wallets are also called hot wallets. This type of online crypto software doesn’t require to be downloaded on a system and can be accessed through an Internet browser.
🌟 What should you look for in a Crypto Wallet?
Here are some important factors that you should look for in a crypto wallet:
- Usage: The biggest factor you should consider when selecting a crypto wallet is how you intend to use your crypto. So, if you plan to buy and hold your investment for the long term, a hardware wallet is surely the best choice for you.
- 2-factor authentication: 2-factor authentication, also known as 2FA, is a feature that allows you to verify your identity when logging into the crypto wallet. If someone has your password or cracks your password through several methods, they would still require passing the second level of authentication. The crypto exchange sends a verification code to your mobile, which must be entered into a sign-in field before granting access.
- Multi-signature support: Sometimes, a crypto wallet is owned by several people, like business partners. At that time, multi-signature support helps you set the security for the wallet, which is needed for multiple keys before access is granted. It also prevents any person from spending the funds unauthorized or transferring the funds to another wallet.
- Multicurrency vs. single currency: Many cryptocurrency owners own multiple cryptocurrencies. Therefore, managing a separate wallet for every currency can be a complex process. Therefore, you should select a crypto wallet that supports multiple types of currencies.
- QR Code Scanner: If you want to access the mobile crypto wallet, then a QR code scanner is needed. It allows crypto wallets to generate and scan a QR code for coin transfers.
- Backup Option: Your selected crypto wallet should provide an option for backup. So, in the case when your laptop, PC, or phone device stops working, you have data to back up immediately. Therefore, some mobile crypto wallets like Coinbase provide a handy feature to restore your wallet.
⚡ What is a Bitcoin address?
A Bitcoin address is like an account number. It denotes which wallet the coins should be sent to, like a bank account number. The major difference lies in the wallets having multiple addresses. You can customize your Bitcoin address by including payment request details like an amount and expiration date.
❗ Can I store all my cryptocurrencies in the same wallet?
Yes, you can store all your cryptocurrencies in the same wallet. You can follow crypto storage best practices as most cryptocurrency traders do. You can keep both a software and a hardware wallet to store your cryptos.
However, you can also utilize multiple wallets to ensure that your assets are safe and sound. Keeping multiple crypto wallets helps you store your cryptocurrencies and protects your assets.
Best Cardano (ADA) Wallet
#1 Best Overall
✔️ Coins Supported: Bitcoin, Litecoin, Dogecoin, Ethereum.
✔️ Type of wallet: Cold wallet
✔️ Price: $175
#2 Top Pick
✔️ Coins Supported: 1000+ including BTC, ETH, DOT, ADA.
✔️ Type of wallet: Hot wallet
✔️ Price: Free
✔️ Coins Supported: Bitcoin, Ethereum, Ripple, HEX.
✔️ Type of wallet: Hardware wallet
✔️ Price: €189
✔️ Coins Supported: 500+ including BTC, ETH, LTC, BCH, DOGE, etc.
✔️ Type of wallet: Hot storage
✔️ Price: Free
✔️ Coins Supported: Bitcoins, Ethereum, XRP, XMR, LTC.
✔️ Type of wallet: Software wallet
✔️ Price: Free
