Whether you’re diversifying your crypto portfolio or an enthusiast with a growing list of altcoins, multi-cryptocurrency wallets are the answer. But which is the best and how do the available options measure up? Here’s a detailed look at the top 5 multi-cryptocurrency wallets for both mobile and desktop users.
Released in 2014 and widely respected in the crypto community, Coinomi is a mature project with a dedicated team of competent crypto developers. It leads the pack on Android and iOS mobile devices, though there’s no desktop version. Coinomi is free to download and use.
Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Private, BitcoinZ, Bitcore, Dash, Digibyte, Dogecoin, Ethereum, Ethereum Classic, Komodo, Litecoin, Litecoin Cash, LBRY Credits, PIVX, Reddcoin, Stratis, Substratum, Syscoin, Tether, Vertcoin, Verge, ZCash, ZClassic, ZCoin, Zencash + All ERC-20 compliant (Ethereum network) tokens.
Coinomi’s main benefit is its enormous – and constantly growing – list of supported coins. It supports so many that it’s a catch-all for most users.
However, the app also prioritizes security. It generates new addresses for every transaction from a multi-word “seed” phrase, which is the only backup you need. If you lose your device or the app gets wiped out, you can recreate everything from the seed.
(Image from Coinomi’s Twitter feed)
Coinomi stores your wallets’ private keys on your device and, just like a hardware wallet, those keys never leave your device. They’re never transmitted to the Internet, so they can’t be intercepted.
Aside from coin support, the biggest positive of the app is anonymity. With no IP or identity linking to your crypto wallets, no KYC checking, no tracking, and servers that anonymize every transaction by hiding your IP address, Coinomi offers unparalleled privacy.
The app also has both ShapeShift and Changelly built in, so you can trade anonymously between cryptocurrencies, without moving them from your wallet. In addition, Coinomi can perform cross-chain transfers using those services, meaning you can send altcoins to Bitcoin addresses without extra steps.
(Image from play.google.com)
Coinomi works in multiple languages and can show your balances in one of a long list of currencies.
On the downside, the latest versions of Coinomi are not fully open source. That doesn’t necessarily mean the developers are hiding malware and other bad stuff inside their app, but it does affect trust and transparency.
Coinomi also displays in-app ads, such as invitations to ICOs and so on. That can make users wary of data security, especially combined with the closed-source nature of the app.
(Image from enjincoin.io)
Because Coinomi is not a centralized service, they have no access to your passwords or private keys. If you lose your password and your seed phrase, there’s no way to recover your assets. Make sure you keep that seed phrase somewhere very safe.
The app is not without its controversies, either. The developers proudly announce that no Coinomi wallet has ever been hacked, but they don’t point out things like the scandal when a user discovered that the app was transmitting all their Bitcoin addresses to the Internet – in plain text – every time it launched. That kind of mistake is to be expected in constantly changing apps, but it’s something to bear in mind.
Enjin advertises its wallet as the most secure mobile wallet in the world. While it is simple by choice and offers limited coin support, Enjin’s security outstrips every option except hardware wallets – a startling achievement on a mobile hot wallet. Enjin is free to download and use.
Bitcoin Ethereum, Litecoin and All ERC-20 compliant (Ethereum network) tokens.
The Enjin designers have two primary focuses: simplicity and extreme security.
Like Coinomi, Enjin uses a seed phrase to generate new wallet addresses for every transaction and stores your private keys on the device. They’re never transmitted online, so cannot be intercepted.
(Image from enjinwallet.io)
However, the app goes much further on security. It holds and processes all your key data in encrypted memory, doesn’t allow screenshots (except on iOS, to comply with iOS policy), and uses two completely independent cryptography layers – one hardware, one software – to double-encrypt your keystore and confidential data.
The app also has its own blockchain explorers, and offers a built-in, on-screen keyboard that you can randomize so nobody can tell what you’re typing (even with a malware keylogger).
(Image from enjinwallet.io)
Enjin’s also very simple and easy to use, by design. There are no ads and the interface is clean, clear, and evolves as you use the app. For example, it looks like a standard wallet until you add virtual goods or gaming tokens, then the UI adapts and shows you the platform-related features your tokens activate.
You can also import existing wallets from other apps and providers, such as Coinomi, Exodus, Jaxx, and both Ledger Nano and Trezor hardware wallets.
The app works in multiple languages and can show your balances in one of a huge list of currencies.
Enjin is a closed-source app, creating a dilemma for cryptocurrency users who are concerned with privacy and security. It’s the most secure mobile wallet available, but you have to trust the developers because you can’t see the source code.
(Image from enjinwallet.io)
The app has a very limited coin list and, like Coinomi, is a gateway to cryptocurrency blockchains, not a centralized service. If you lose your password and your 12-word seed phrase, you lose your assets. Make sure you keep your seed phrase somewhere very safe.
Unlike many multi-cryptocurrency wallets, Bread prefers to keep things simple. Coin support is minimal but it offers something the others don’t: fiat purchases. Bread is free to download and use.
Bitcoin, Bitcoin Cash, Ethereum, and The “top 100” ERC-20 compliant (Ethereum network) tokens.
Like the other wallets, Bread uses a seed phrase to create unique wallet addresses for every transaction and to secure your funds. Your private keys are never sent to the network. Bread offers fingerprint security.
(Image from breadapp.com)
The app is also anonymous. It connects directly to the crypto blockchains, so the developers never see, track, or store any personal information.
Bread is an open-source project, listed on GitHub, making it transparent to all users.
However, the standout extra is the ability to buy and trade crypto with Bread, using third-party services built into the app. It’s the only mobile wallet that offers credit and debit card integration to purchase cryptocurrencies, complete with identity verification through the app itself.
Image from thecryptotea.com (cropped)
The ability to buy crypto, combined with the simple, easy-to-use interface makes Bread particularly appealing to beginners and new crypto users.
Although Bread connects directly to cryptocurrency blockchains, so the company doesn’t collect any information about your activity, that means your transactions aren’t masked. Chain analysis tools could connect your real-world identity to your wallet activity, meaning the app is only as anonymous as the currencies you use.
Like the other wallets, Bread doesn’t see or store your private keys outside your device. If you lose your password and your seed phrase, you lose your assets. Make sure you store the seed phrase very securely.
Bread is also notorious for charging more to move your crypto than most wallets. The developers consider that users want speed more than frugality, so they set the fees higher by default. The app also uses third parties to facilitate trading and buying crypto, which can potentially incur extra charges on top of card fees from your bank.
The app has very limited coin support.
Released in 2014, Jaxx is unlike the other wallets on this list because it’s a multi-platform, multi-cryptocurrency offering. It works on Android and iOS mobiles and tablets, Windows, OS X, and Linux desktops, and even has a Chrome browser extension. Jaxx is free to download and use.
Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ethereum Testnet, Litecoin, Dogecoin, Dash, ZCash. Aion, Aragon, Augur, Bancor, Basic Attention Token, Bitclave, BlockchainCapital, Blockmason, Brickblock, Civic, Cofoindit, Creditbit, DAPowerPlay, Dawn, Dentacoin, DigixDAO, DomRaider, Edgeless, Enjin, FirstBlood, Fuel, Gnosis, Golem, Iconomi, iExec, Maecenas, Matchpool, Melon, Monaco, Musiconomi, Paypie, Poet, Polymath, Presearch, Quantum, Ripio Credit, Rootstock, RSK Testnet, Salt, Santiment, Sense, ShipChain, SONM, Status, Storm, Stox, Swarm, TenX, TokenCard, UCash, Unicorn Gold, Viberate, Wax, Winding Tree, Wings, Worldcore, Zap.
Like the other wallets, Jaxx uses a seed phrase to generate random addresses for every transaction, improving security and giving you an easy way to restore lost wallets. Your private keys stay on your device(s).
The app is also anonymous, working directly with crypto blockchains, so the Jaxx team never sees, tracks, or stores personal information. Jaxx is also open-source, for transparency.
Image from Google Play
The app has two standout extras: ease of use and cross-platform integration.
For crypto-beginners, the friendly interface makes setting up and using crypto assets extremely easy, without sacrificing too much coin support. The app has built-in ShapeShift support, so you can trade and swap coins without moving them to a separate exchange.
Image from Medium.com
Jaxx currently support nine different platforms and provides the same wallets, features, and support across them all. That’s a huge advantage for serious crypto users who need to access their funds whether they’re at home, at work, or on the move.
Compared to some of the other wallets, Jaxx’s security and privacy is “standard” – the app offers as much security and anonymity as, for example, core wallets for each currency, but nothing more. It’s good enough for most users, but if you’re concerned about being tracked, maintaining anonymity, and preserving your privacy, it’s insufficient.
Image from Jaxx support
The app has also had bad press recently because of security issues, including the ability to access all your wallets without authentication by moving a single folder from one computer to another.
Jaxx doesn’t see or store your private keys, just like the other wallets. Lose your password and your seed phrase, and you’ve lost access to your funds. Make sure you keep your seed phrase very secure.
Exodus is a multi-cryptocurrency desktop wallet. It has no mobile version, but it’s a standout choice for beginners and portfolio-builders because of the development team and their approach to crypto. Exodus is free to download and use.
Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Dash, ZCash, 0x, Aragon, Augur, Bancor, Basic Attention Token, Civic, Decred, Digibyte, District0x, Edgeless, EOS (and one-click registration), Gnosis, Golem, iExec RLC, Matchpool, Numeraire, OmiseGO, Ripio, SALT, Status, Storj, Vertcoin, WeTrust, Wings + Some ERC-20 tokens, most of which can be sent and received, but not exchanged.
Just like the other wallets, Exodus uses a seed phrase to create new addresses for every transaction to improve security. Unlike the others, you can get an email backup from the app, as an extra safeguard. Exodus stores your private keys on your computer, and even encrypts them for you.
Also like the other wallets, Exodus does not gather or store any personal information. However, the lack of centralization also means you’re susceptible to being tracked by blockchain analysis.
Exodus includes ShapeShift support, so you can exchange your cryptocurrencies without moving them.
The biggest benefit of the Exodus app is its usability. The interface is beautiful and extremely intuitive, flattening the learning curve impressively. It also has a built-in portfolio tracker that shows the current value of your assets, both combined and individually.
The development team is very human, with a well-maintained blog, a good sense of humor, excellent support, and regular updates.
The app is closed-source and only available for desktop. The Exodus team recommends not using their wallet if closed-source software worries you.
Like the other wallets, Exodus uses a seed phrase for security. Lose that phrase and your password, and there’s no way to get your assets back. Keep it very safe.
Exodus only offers “standard” blockchain security, too. That’s easily sufficient for most users, but if you’re concerned about anonymity and security, you’ll want a different wallet.
Originally, Exodus intended to offer the top 20 cryptocurrencies listed on CoinMarketCap that were also available in ShapeShift. They appear to have changed their minds, but there’s still the possibility of support being removed. This has happened with both 1ST and QTUM.