Top 10 best DeFi and CeFi cryptocurrency wallets 2023

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Every crypto trader or investor needs a reliable cryptocurrency wallet to keep their funds safe and secure.

In the crypto industry, there are hundreds of wallets and wallet providers for centralised finance (CeFi) and decentralised finance (DeFi) that each come with their own features.

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This guide will take you through 10 of the best CeFi and DeFi cryptocurrency wallets out there to keep your investments secured.

Top 10 best cryptocurrency wallets

Metamask

Metamask is a DeFi wallet for cryptocurrencies on the Ethereum blockchain. As a browser wallet that must be downloaded and installed onto a web browser, Metamask users can store cryptocurrencies, NFTs and interact with decentralised applications (dApps).

Metamask can easily connect to Ethereum-based dApps, decentralised exchanges and NFT marketplaces by simply clicking a button.

With over 30 million Metamask users worldwide it’s a goto crypto wallet for traders, investors and even developers who want to test applications and tokens using Ethereum testnet servers.

Trezor & Ledger Nano

Trezor and Ledger Nano wallets are hardware wallets for cryptocurrencies. Hardware wallets are the most secure crypto wallets on the market for their robust security settings and offline capabilities.

It’s not unusual for cryptocurrency exchanges or online wallets to get hacked and exploited. Many traders may use a hardware wallet alongside a browser wallet such as Metamask for extra security in case their Metamask gets compromised.

Hardware wallets like Trezor and Ledger Nano can store most cryptocurrencies including Bitcoin and Ethereum, passwords and important data. Hardware wallets are ideal for investors who want to keep their tokens for an extended period of time without worrying about security.

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Coinbase Wallet

Coinbase Wallet is a DeFi wallet connected to Coinbase’s CeFi exchange. Coinbase Wallet allows traders and investors to store cryptocurrencies bought on Coinbase while also being able to connect and interact with some DeFi applications on various blockchain networks.

Currently, Coinbase Wallet supports most Ethereum-based networks, BNB Chain, Fantom Opera and Solana.

As it’s a centralised wallet, Coinbase can make changes to available networks that the wallet can connect to without warning. As of February 20th, 2023, Ethereum Classic, XRP, BCH and XLM networks will no longer be supported.

Coinbase Wallet is good for crypto investors who are already registered with Coinbase and don’t mind having limitations on the number of blockchain networks or decentralised applications they can interact with.

Trust Wallet

As a mobile phone DeFi wallet Trustwallet lets users connect and interact with DeFi applications and some decentralised exchanges by using their phones.

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Users can purchase, sell, and store cryptocurrencies, earn interest on their holdings, and receive NFTs after downloading the Trust Wallet app from the Apple App Store or Google Play.

Trust Wallet users can also purchase crypto easily by using their debit or credit card. Trust Wallet’s easy access to DeFi and fast trading options make it a user-friendly smartphone application for crypto investors who are always on the move.

Crypto.com DeFi Wallet

Like Coinbase Wallet and Trust Wallet, Crypto.com's mobile DeFi wallet allows users to connect to DeFi applications, receive interest on holdings, and safely store cryptocurrencies.

Crypto.com’s DeFi wallet can also be installed as a desktop browser allowing users to sync their mobile wallets and desktop wallets together.

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Phantom

Phantom wallet is a browser extension wallet for the Solana blockchain. Like Metamask, Phantom lets users store Solana-based cryptocurrencies, NFTs and gives traders the ability to connect to Solana dApps.

The wallet is great for Solana traders and investors who are interested in Solana applications and cryptocurrencies.

Atomic wallet

Atomic wallet can be installed onto a computer and used to manage cryptocurrency holdings with support for over 300+ tokens. The wallet supports NFTs, crypto staking and token swaps.

Traders that buy cryptocurrency with Atomic wallet can receive cashback on their purchases. An advantage of Atomic wallet is that traders can register without providing personal information and remain anonymous users.

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Electrum wallet

For Bitcoin enthusiasts, Electrum wallet provides a secure place to store Bitcoin in cold storage. Electrum servers are community-based and decentralised. A unique addition to Electurm is the ability to create multisig logins.

With third-party add-ons, Electurm wallet can be used with hardware wallets such as Trezor and Ledger Nano.

Learn more about cryptocurrencies: What is Decentralised Finance (DeFi)?, How to buy cryptocurrency? Crypto exchanges, crypto wallets, DeFi and more, What is Chainlink (LINK)?, What is Polygon (MATIC)?

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