The most reliable cold storage wallets for cryptocurrency

📝 Overview
⭐ Reviews (22)

Due to the fact that cryptocurrencies are popularized more and more every day, the question "Where to store cryptocurrency?" Becomes logical. You can get the answer to this question in this article.

What is a cold wallet
Electrum
Electrum wallet instructions
Exodus
Exodus wallet instructions
Conclusion

What is a cold wallet

A cold or local wallet is a hardware device that is designed to store cryptocurrency without access to the Internet. This device can be your personal computer, flash drive or hard drive. This method of storing cryptocurrency is considered safer than using online services. This method is especially good for storing large amounts.

To withdraw money from a cold wallet, you will need access to the device, the Internet and transfer to an online service in which you have a cryptocurrency wallet.

Electrum

Electrum is a desktop wallet representative. You can use the wallet on Windows, Linux, OSX and Android. There is an opportunity to download a portable version for installation on a USB flash drive.

Electrum advantages:

security;
open source;
the ability to create a hardware wallet;
manual setting of the transaction fee;
sending funds to multiple recipients at the same time.

Disadvantages:

supports a small number of cryptocurrencies;
there is no version for iOS.

List of supported cryptocurrencies:

Bitcoin - electrum.org;
Litecoin - electrum-ltc.org;
Bitcoin Cash - electroncash.org;
Dash - electrum.dash.org.

Electrum wallet instructions

We have prepared detailed instructions for working with the wallet:

Downloading and installing Electrum

1. Go to the site electrum.org.

2. Click on the "Download Electurm" button.

3. Choose an operating system and download the application.

4. Install the application (1 - Choose the path; 2 - Click on the "Install" button to complete the installation).

Electrum setup

1. Create a wallet (1 - Enter the name of the wallet; 2 - Click on the "Next" button).

2. Wallet type (1 - Select the type of wallet (we recommend choosing the standard one); 2 - Click on the "Next" button).

3. Create a seed phrase (1 - Select "Create a seed phrase"; 2 - Click on the "Next" button).

4. Select the type of seed phrase (1 - Select "Segwit"; 2 - Click on the "Next" button).

5. Save the seed-phrase (1 - Copy and save the specified seed-phrase; 2 - Click on the "Next" button).

6. Confirm the seed-phrase (1 - Insert your seed-phrase for confirmation; 2 - Click on the "Next" button).

7. Create a password (1 - Enter the password; 2 - Click on the "Next" button).

Wallet Instructions

1. Go to the "Sending" tab.

2. Transfer cryptocurrency (1 - Enter the recipient's address; 2 - Enter the amount you need to send; 3 - Click on the "Pay" button to complete the operation).

3. To receive cryptocurrency, go to the "Receive" tab.

5. Receive cryptocurrency (1 - Enter the requested amount; 2 - Select the number of days until the transaction is completed; 3 - Click on the "Request" button to complete the transaction).

How to refill your wallet

1. Go to the site of monitoring exchangers the Bestchange.r.

2. Choose an exchanger (1 - Choose a payment method convenient for you; 2 - Choose a cryptocurrency; 3 - Choose an exchanger with a suitable exchange rate).

3. Make a money transfer.

Exodus

Exodus is a multi-cryptocurrency wallet for storing and executing transactions. This wallet is a representative of desktop wallets and supports many cryptocurrencies. For example, such as: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, Tron, Binance Coin, EOS and others.

Advantages:

there is no registration and verification;
responsive support service;
mobile application available for Android and iOS;
multi-cryptocurrency (supports over 90 promising coins);
unloading of private keys is available;
an intuitive interface;
the ability to create a backup using a seed phrase;
dynamic commission, which is set automatically and goes to miners for including a transaction in the next block. It cannot be changed. Exodus does not charge any commission for withdrawals or deposits.

Disadvantages:

closed source;
only the English version is available;
in order to save the seed-phrase, you must first replenish the wallet;
it is impossible to set the commission manually.

Exodus wallet instructions

We have prepared detailed instructions for working with the wallet:

Downloading and installing Exodus

1. Go to the site exodus.com.

2. Click on the "Download" button.

3. Choose an operating system and download the application.

4. Install the application.

Setting up Exodus

1. From the list of offered cryptocurrencies, select the ones you need and activate them.

Wallet Instructions

1. Click on the “Wallet” tab.

2. Here you can deposit, withdraw or exchange cryptocurrency.

How to refill your wallet

1. Go to the site of monitoring exchangers the Bestchange.r.

2. Choose an exchanger (1 - Choose a payment method convenient for you; 2 - Choose a cryptocurrency; 3 - Choose an exchanger with a suitable exchange rate).

3. Make a money transfer.

Conclusion

Of course, there are many more wallets than are displayed in the article, but we believe that these are the most reliable and best options for cold wallets. If you think differently, be sure to write about it in the comments.

Each of the aforementioned crypto wallets has its own pros and cons. We advise you to carefully weigh the pros and cons before choosing.

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Anzhel 1 December 2022 01: 47

Maybe someday I'll use these wallets

A complaint
keifor 17 October 2022 18: 18

Now, taking into account the blocking of users from the Russian Federation, cold wallets are more relevant than ever if they are needed for storage, today I only monitored the market, there is even a bank plastic card with nfc and a chip, interesting things

A complaint
Lumin 16 September 2022 11: 15

Cold wallets are very reliable, but you need to watch so that the child does not accidentally bring the flash drive to school or the wife does not "hid" it securely during cleaning.

A complaint
1. Anzhel Yesterday, 23: 08
  
  Тогда нужно ещё купить и сейф и там хранить)
  
  A complaint
Wael77 26 July 2022 13: 46

Thanks for the article Admin!!

A complaint
Mihhha 29 March 2022 12: 38

Thanks for the article: I used the Ledger nano for a while and now the application does not open. Windows is outdated....

A complaint
UdayAS8 14 February 2022 15: 12

Very good informations thanks Richie

A complaint
levnks 10 January 2022 18: 23

Thank you for the article!

A complaint
Anzhel 15 November 2021 22: 07

Thank you for the article

A complaint
kiryamalik 5 June 2021 12: 55

By the way, I want to try using the exodus wallet. I'll see how it is that

A complaint
kiryamalik 13 May 2021 08: 22

Thank you for the article

A complaint
4difeer666 17 March 2021 14: 05

Thanks for the article, no matter how praised exodus, I am still sitting in the blockchain, I'm already too used to it, I consider storing funds on binance as an alternative

A complaint
1. ilya28087 6 May 2021 21: 27
  
  I do not like the blockchain because there is a modest choice of crypt, but on binance, in turn, it is quite convenient for itself to store a crypt, if you wish, you can play as a trader))
  
  A complaint
  1. Akimskate 6 May 2021 23: 30
    
    Yes, but there are fewer risks with blockchain, as exchanges tend to scam
    
    A complaint
    1. 4difeer666 25 November 2021 18: 04
      
      Now, with the transition of the industry to tezer, I also switched to binance, but I plan to go back to my wallet soon.
      
      A complaint
      1. Mihhha 1 May 2022 23: 43
        
        I agree. But I have never heard of a portable version of Electrum with the ability to install a wallet on a flash drive. Thank you for the article.
        
        A complaint
Akimskate 17 March 2021 13: 52

Exodus is really good!

A complaint
AlexanderKudrya8027 16 March 2021 19: 44

Thanks for the article, I use exodus very much

A complaint
n1kto253 16 March 2021 19: 23

Thanks for the article, useful information!

A complaint
ilya28087 16 March 2021 19: 07

Thanks for the article, I myself use the exodus wallet, I advised, by the way, here on the blog. A very convenient wallet and a large number of cryptocurrencies, the version for android is not very convenient, because as for me, it is a little slow, but on a PC it works as it should, regarding the fact that the commission for the transfer cannot be regulated, this is correctly noted, otherwise, if you do not know which wallet to choose then I recommend Exodus.

A complaint
1. kiryamalik 12 June 2021 13: 01
  
  IOS has an app, don't you know?
  
  A complaint
  1. 4difeer666 13 June 2021 11: 00
    
    Yes, it's kind of easy to check)
    
    A complaint