{"id":3501,"date":"2023-01-21T11:04:49","date_gmt":"2023-01-21T05:34:49","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=3501"},"modified":"2023-07-22T00:33:02","modified_gmt":"2023-07-21T19:03:02","slug":"5-best-cardano-ada-wallets","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/5-best-cardano-ada-wallets\/","title":{"rendered":"4 Best Cardano (ADA) Wallets for Beginners (Hot & Cold)","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Cardano is one of the most promoting cryptocurrencies. Mostly because of Charles Hoskinson, Cardano\u2019s crypto-passionate and highly-respected founder. I\u2019m a fan too.<\/p>\n

He is one of the few people in the industry who truly understands what cryptocurrencies are all about.<\/p>\n

No matter how high Doge or Ripple goes, they won\u2019t have the same utility as Cardano. This means Cardano is much more scalable and has a lot more potential.<\/p>\n

For those who believe in Cardano<\/a>, here are the 4 best crypto wallets to hold ADA.<\/p>\n

Many crypto wallets<\/a> don\u2019t yet fully support Cardano. I\u2019ve used a bunch of crypto-wallets, and I thought it would be helpful if I wrote about some of the best ADA wallets that I know work seamlessly.<\/p>\n

And here we are.<\/p>\n

I\u2019ve included both hot wallets and cold wallets. I\u2019m sure you\u2019ll find the best one that suits you on this list.<\/p>\n

One more thing, some of them also allow you to stake your Cardano HODLings. It\u2019s totally safe and you won\u2019t lose your coins even when they are staked, they’re still in your control in most cases. Make sure you check the staking wallet conditions before proceeding.<\/p>\n

*This list brings up wallets other than Adalite<\/a> and Yoroi<\/a> since they need no introduction. They are already popular.<\/p>\n

Below are the 4 best Cardano wallets.<\/strong><\/p>\n

1. Exodus (Hot Wallet)<\/h2>\n

\"\"<\/p>\n

Exodus is my favorite crypto wallet. Well, after Trust wallet.<\/p>\n

Exodus supports Cardano ADA coins and it also allows you to stake your coins. Staking your coin will earn you interest on your idle coin, like a savings account.<\/p>\n

While they are staked<\/a>, you can continue to make transactions using all the coins you\u2019ve staked. However, you\u2019ll only earn interest on the number of coins left staked for at least 30 days.<\/p>\n

My number 1 recommendation for anyone looking for a Cardano Hot wallet is Exodus.<\/p>\n

It by far is the most beautiful and easy-to-use Crypto Wallet. It\u2019s beginner-friendly, works fast and it is also a non-custodial wallet. Meaning, you own every coin\/token in the wallet and have total control.<\/p>\n

No one can case them, and in case you lose the wallet, you can recover them through recovery seed keys.<\/p>\n

You don\u2019t have to create an account or give out any other personal details. Simply download Exodus, follow the steps to acquire your recovery seed keys, and you\u2019re good to go.<\/p>\n

Exodus also allows you to buy, sell and exchange cryptocurrencies effortlessly.<\/p>\n

Discover Exodus \u2192<\/a><\/p>\n

2. Atomic (Hot Wallet)<\/h2>\n

\"\"<\/p>\n

Atomic is another great Cardano wallet. It\u2019s easy to use, works fast, and is all non-custodial, just like Exodus.<\/p>\n

You can download Atomic wallet on your iOS or Android device and it takes less than 30 seconds to activate it. You can also access it on a desktop.<\/p>\n

This wallet also allows you to stake your Cardano coins. You will earn an interest rate of 5.1% when you stake on Atomic wallet.<\/p>\n

If you head on to their page: Atomic wallet Cardano staking<\/a>, you can actually calculate how much you\u2019ll earn using Atomic wallet to stake your Cardano.<\/p>\n

Overall, Atomic wallet is a great hot wallet for Cardano.<\/p>\n

It also allows you to buy, share and exchange other cryptocurrencies.<\/p>\n

Discover Atomic Wallet \u2192<\/a><\/p>\n

3. Ledger (Hardware)<\/h2>\n

\"\"<\/p>\n

Ledger is not a hot wallet. Instead, it\u2019s a cold cryptocurrency wallet<\/a>.<\/p>\n

It is a physical hardware device, free of the internet and much more secure than a hot wallet.<\/p>\n

Since it\u2019s a physical device, without the internet, there is no way anyone can steal your crypto unless they have physical access to it.<\/p>\n

You can store Cardano in Ledger pretty easily. Not all cold crypto wallets support it, so Ledger and the next one on this list are exceptions.<\/p>\n

Ledger Nano X comes with Bluetooth and has a mobile app for carrying out smooth crypto transactions called Ledger Live App.<\/p>\n

However, the app currently doesn\u2019t support Cardano. You will have to use Yoroi Wallet to transfer coins to Ledger Nano<\/a> X or Nano S.<\/p>\n

Why do I like Ledger hardware wallets? They are pretty solid devices and they work seamlessly most of the time.<\/p>\n

The new Ledger Live App is intuitive and beginner friarly. It allows you to purchase and exchange crypto right from the app.<\/p>\n

Using Bluetooth transacting from a hardware wallet feels like you are using a hot wallet, but with a more secure and safe environment to store your coins.<\/p>\n

Discover Ledger hardware wallet \u2192<\/a><\/p>\n

4. Trezor (Hardware)<\/h2>\n

\"\"<\/p>\n

Trezor was the first hardware wallet built for bitcoin initially.<\/p>\n

Later, it became one of the best and most secure hardware wallets for more than 1400 coins.<\/p>\n

Including Cardano.<\/p>\n

Trezor also supports Cardano, but you can not withdraw ADA directly from your Trezor wallet.<\/p>\n

First, you need to load ADA into Adalite wallet which is compatible with Trezor.<\/p>\n

You can transfer Cardano from Adalite to Trezor very easily as it natively supports the app and the interface is really easy to use.<\/p>\n

Currently, this is only supported in Trezor Model T.<\/p>\n

You can connect Trezor Model T with a computer. It comes with a touchscreen to input a passcode right into the device, making it much more secure.<\/p>\n

Discover Trezor Model T \u2192<\/a><\/p>\n

That was it. There you have 4 easy to use and equally powerful Cardano wallets.<\/p>\n

You can choose any one of the above, as they all are safe, secure, and manually tested by us.<\/p>\n

You’d also like to read:<\/p>\n