Best Crypto Wallets in the Philippines 2024 – Compare Safe Bitcoin Wallets

Keeping your crypto safe is crucial, regardless of your location. You need to use a reputable, secure, and trustworthy crypto wallet to maximize your security.

As it turns out, some wallets enjoy a higher level of popularity and are more widely recognized within specific communities. In the following article, we’ll overview the best crypto wallets in the Philippines for Filipino traders and investors. Read on to learn more.

What Is a Cryptocurrency Wallet?

A cryptocurrency wallet is a program or a hardware device that stores your digital currencies. The BBC’s article on relevant crypto terminology compares crypto wallets to the standard ones: they keep our money in one place. The only difference is that your leather wallet holds paper money and tangible coins, fiat digital wallets (such as PayPal) keep digital fiat money, and crypto wallets only store digital assets. Nowadays, many digital wallets can accommodate both crypto and fiat money.

Essentially, a crypto wallet stores your private keys, giving you access to your crypto. Needless to say, you should never reveal your private keys to anyone.

Each wallet also features a public address, which is a wallet identifier. You can use the said address to send money to another wallet or share it with people who want to send you crypto.

Furthermore, we can divide all wallets into two groups: software and hardware. A crypto hardware wallet exists as a device or a piece of paper, whereas software wallets are apps that store your crypto. We’ll explain these distinctions in more detail later.

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Best Bitcoin Wallets in the Philippines Reviewed

In the following section, we’ll review the top crypto wallets in the Philippines and point out their main advantages and disadvantages. You’ll also find a table under each review with a quick overview of the wallet, its features, and more. 

1. Best Wallet – Innovative Crypto Wallet with High Security, Native Token and Unique Insights

Best Wallet is a newly launched crypto wallet expanding to the Philippines that aims to offer high security while creating a user-centric experience and unique insights that make it more than just a wallet.

Best Wallet is a non-custodial software wallet that employs cryptographic methodologies, multifactor authentication, and biometric security features. Best Wallet confers complete authority over a user’s assets, keeping them secure while providing easy accessibility.

The wallet incorporates an advanced AI chatbot that facilitates user engagement, furnishes customized portfolio insights, sends market watch alerts, and helps in seamless navigation. 

Best Wallet has support for multiple blockchains, accomodating transactions across Ethereum, the Binance Smart Chain, and Polygon ecosystems. It also has a built-in DEX for trading.

Users can also benefit from holding and staking the platform’s native token, $BEST. Holders can earn staking rewards and get exclusive privileges like zero gas fees.

2. Exodus – Best Bitcoin App for Beginner Filipino Investors

Exodus was created with one goal in mind: to make storing cryptocurrencies as convenient as possible. Unlike some of its competitors, such as the Coinbase wallet, which appeal to experienced trades, Exodus keeps things simple.

The app is available in many countries around the globe, including the Philippines. We wouldn’t quite call it the most popular Bitcoin wallet in the Philippines, but it earned the #2 spot on our list.

Exodus has ratings of 4.6 and 4.8 on Google Play and the App Store after over a million downloads. It accepts more than a hundred popular cryptocurrencies (over 260, according to the wallet’s official website).

The app offers round-the-clock customer support, contributing to a great customer experience. Moreover, it’s free to download, and there’s no need to go through the registration process to start using Exodus, protecting your privacy.

3. Ellipal – EAL5 Certifed Metal Seared Hardware Wallet

Our next choice for best crypto wallet in the Philippines is Ellipal Titan 2.0 – the flagship wallet of the Ellipal brand. This wallet gives you offline trading access to your cryptos, keeping it safe from online hacks and attacks. 

Ellipal’s Titan 2.0 wallet is EAL5 certified – meaning that it has gone through proper testing and is highly secure. The wallet comes with a 4-inch Full-lamination IPS display and supports touch response. The wallet’s camera can be used to generate offline QR codes – used to verify and complete transactions. 

The Ellipal wallet comprises a dual-layer defense with a CC EAL5+ secure element. Notably, Ellipal is the world’s first fully metal-seared hardware wallet. It offers anti-disassembly and anti-tampering features, making it secure from any physical and supply-chain attacks.

The wallet also has an in-built auto-destruct mechanism – protecting all your private information once any sort of tampering is detected. In total, investors can access more than 10,000 cryptos and coins with the Ellipal Titan 2.0 cold wallet. 

Interested readers can access this decentralized and 100% private wallet for $169. 

4. Ledger Nano – One of the Best Crypto Hardware Wallets for Filipino Traders

Ledger is a hardware wallet manufacturer and the most popular brand of hot storage wallets. It’s not only a Bitcoin hardware wallet but accepts over a thousand cryptocurrencies. 

Ledger offers two models, Nano S and Nano X. All of them feature superb security that’s essential for all cold wallets. However, Nano S is more affordable, at around ₱4,000, whereas Nano X features a Bluetooth connection and costs approximately twice as much. 

As a whole, cold wallets feature superb security, as they’re not connected to the internet, but that also means active traders will not find them as convenient. Fortunately, this, too, has been streamlined thanks to the Ledger Live app.

All in all, if you’re looking for a Bitcoin hardware wallet to store and hodl your BTC and other supported cryptos, one of the Ledger products could be helpful.

5. Binance – Leading Self-Custodial Exchange For Security and Liquidity 

The next top cryptocurrency wallet in the Philippines is offered by Binance. While Binance also plays host to more than 100 million through its global crypto exchange, the cryptocurrency wallet can be used by those who prioritize security and self-custody of assets. 

This self-custodial wallet gives you complete control and ownership over all your cryptocurrency wallets. Those having a Binance exchange account can quickly transfer their funds to the wallet within minutes. 

With the Binance wallet, investors can access CeFi, DeFi, and Web3 ecosystems with just the click of a button. The platform supports cross-chain token swapping for thousands of digital assets.

To safeguard investor’s funds, the Binance wallet is powered by MPC (Multi-Party Computation). MPC creates a security key management system without a single point of failure. The wallet offers built in-risk controls, allowing you to get alerts of security risks for a particular blockchain or token. 

6. Bybit – Top Cryptocurrency Custodial Wallet Offers Access to IDOs and Staking Opportunities

The Bybit Web3 wallet is your gateway to the decentralized world of cryptocurrencies. It uses a seamless and secure multi-blockchain interaction system to offer a stellar user interface without compromising security. The platform uses advanced cryptographic management, eliminating the need for individuals to store their private keys. 

Bybit stands out due to the number of resources and utilities it offers through its wallet. For example, investors can access new crypto projects through the IDO (Initial DEX Offering) mechanism. Discounts are also provided when investing in these IDOs.  

You can swap nearly 500 tokens on the Bybit wallet across eight bridges. To generate passive income, use the Bybit token staking mechanism. Currently, the wallet hosts 24 staking pools with a TVL (Total Value Locked) of nearly $4 billion. 

Another interesting feature is the ApeX – a non-custodial multi-chain derivatives decentralized exchange. On Bybit, you can start trading cryptos for just 0.1% per transaction. More than thousands of digital assets can be stored on the Bybit wallet. 

7. Trezor Model T – Popular Crypto Hardware Wallet With Great Security

Trezor is another popular hardware wallet brand. Along with Ledger, they make up most of the cold wallet market. It also features several models, although we opted for a specific one in this case — Trezor Model T. 

Trezor Model T costs around ₱10,500 at the moment, making it one of the most expensive options on the market, but for a reason. It features a great security mechanism, a big screen, and a range of other features to help you store your cryptos safely.

Model T can accept 14 native cryptocurrencies, along with all ERC-20 tokens. The number of available options will increase as many of the best ERC-20 tokens are gradually added to Trezor.

The touch screen provides easy access to some of the security features, and you can connect the wallet via USB to an external device, too.

Trezor wallets are more difficult to use compared to Ledger. However, that is a fair trade-off for the security they provide. Overall, these are perfect for Filipino users who are already experienced investors and traders willing to invest in cold storage.

8. Ngrave – EAL7 Certified 100% Offline Cold Wallet

The next crypto wallet on our list is Ngrave’s flagship ZERO wallet. This crypto wallet offers 100% offline cold storage – and gives you trading access to more than 3,700 cryptos. 

The physical wallet boasts a 4’ touchscreen, allowing you to manage multiple wallets and verify transactions with a tap and a swipe. The Ngrave ZERO wallet is EAL7 certified – which is the highest level of security in the blockchain and financial industry. 

This offline wallet does not rely on Bluetooth or any Wifi related devices to confirm transactions. Instead, Ngrave uses your biometrics, such as fingerprints, to confirm the transaction. The wallet also uses offline QR codes to confirm transactions. 

Once your wallet is set up, Ngrave will use your fingerprint as a variable to create your ‘Perfect Key.’ This is used to unlock the wallet. An 8-digit PIN code will also be used to confirm the transactions. This wallet also offers enhanced security by creating its own custom ZERO operating system. 

9. Blockstream Jade – Popular Offline Cold Wallet Priced at Only $64.99

Blockstream Jade, a product of one of the global leaders in Bitcoin technologies, offers a compelling solution for secure cryptocurrency storage. 

Priced at just $64.99, it provides an affordable entry into the hardware wallet space. The device allows users to store Bitcoin and other liquid assets in cold storage, ensuring enhanced security by keeping transactions offline.

The inclusion of individual wallet keys and a PIN for device access adds an extra layer of protection. The ability to scan and display QR codes allows for seamless transactions without the need for an internet connection. The scanning process, executed through a camera, ensures secure transaction signing.

Blockstream Jade can be accessed with Blockstream Green, the companion app accessible on desktop or mobile devices. Utilizing Multisig Shield technology, the app enhances security by enabling a recovery phase for wallet access.

Investors can not only safeguard their Bitcoin but also gain access to other liquid assets like Bitcoin Liquid (L-BTC) and Tether Dollar (USD-T). 

10. BitBox – Use Invisible Touch Sensors to Verify Crypto Transactions

BitBox02 is the flagship cold wallet offered by BitBox. Users can set up their wallets in just 5 minutes, and start trading more than 1,500 cryptos, including Bitcoin and Cardano. 

Notably, the BitBox02 wallet comes with invisible touch sensors. With a simple tap, you can navigate the different cryptos on the device. A swipe will allow you to confirm transactions. The wallet comes with a 128×46 px OLED Display, making it straightforward to confirm all transactions. Offering easy and instant backup, BitBox02 comes with a microSD card. The card can be managed from the BitBox app. 

Secure against hackers, BitBox02 uses a three-step security process. Firstly, one must need access to a random secret from BitBox02’s secure chip – which also protects the wallet against any physical tampering. 

Secondly, one must need a random secret from the microcontroller and access to the device password/PIN. Only then can you access the cryptos stored in the wallet. This popular wallet also offers a 24-word recovery password, in case you have forgotten your PIN. 

11. SafePal – Decentralized Crypto Wallet Lets you Connect to 100+ Blockchains

The SafePal S1 is a completely decentralized wallet that lets users retain 100% ownership of all their digital assets. This lightweight wallet is easy to use on the go and comes with a 5-button pad – making navigation straightforward. 

The set-up process takes 5 minutes and does not require a KYC (Know Your Customer) process. To secure the platform, SafePal uses an EAL5+ independent secure element and a random number generator to create your private keys.

With SafePal S1, you can connect to more than 100 blockchains. The wallet also lets you connect to multiple DeFi (Decentralized Finance) tools and NFTs. Keeping all your transactions completely offline – the wallet verifies activities using a QR code through the in-built camera. 

The SafePal S1 stands out for its low pricing – available for just $49.99. Users can connect their wallet to the SafePal S1 app, accessible through iOS, Android, Chrome, and Firefox. 

12. SecuX – Cold Wallet Uses Advanced Biometric Recognition

SecuX emerges as a formidable player in the cryptocurrency wallet arena, with its flagship product, Shield BIO, leading the charge in providing secure storage facilities. 

Shield BIO is a hardware wallet that stands out with its advanced biometric recognition, setting a new standard in user authentication and security within the crypto space.

The Shield BIO integrates biometric authentication – providing an extra layer of security against potential scammers. The SecuX Shield BIO also incorporates an EAL5+ certified military-grade chip, offering unparalleled security levels in the hardware wallet space. 

The wallet gives trading access to over 10,000 coins – including Bitcoin and Ethereum. The wallet also comes with a micro-scam alert feature, another safeguard against potential threats and attacks. The wallet’s compact size facilitates on-the-go trading, providing flexibility to easily buy and sell your cryptos. 

Users can also manage their crypto assets by connecting to the SecuX mobile app and desktop version. The Secux Shield BIO retails at $149. 

13. CoolWallet – Credit Card Sized Crypto Wallet is Priced at $99

The final wallet on our list is the CoolWallet S – another top option that can be used in the Philippines. The CoolWallet S is the thinnest cold wallet in the world – shaped similar to a Credit card. 

Its bendable and sleek design makes it portable and easy to carry. Notably, the CoolWallet S is heat resistant up to 60 degrees and water resistant for up to 60 minutes. The wallet chip is embedded with an EAL5+ secure element – giving it the utmost protection against potential scams. 

After setting up the wallet and creating your private keys, you can confirm transactions by using Encrypted AES-256 Bluetooth devices for secure data transfers. Through this wallet, users can access more than 10,000 cryptos. The wallet also gives you access to a range of DeFi tools and DApps (Decentralized Applications). 

The CoolWallet S retails for just $99 and can also be accessed by connecting to the CoolWallet app. 

14. Gate.io – Comprehensive Multi-Chain Wallet with Advanced Trading Options

The Gate.io Web3 wallet is a self-custody decentralized wallet that offers users access to the wide range of trading options on Gate.io as well as an entry point into web3.

Gate.io’s features include NFTs, perpetual futures with leverage up to 100x, a DEX, passive earning options, and inscriptions. Inscriptions are a relatively new concept in the blockchain industry and allow users to directly inscribe data to the blockchain in a transaction. This allows them to essentially mint NFTs for a low transaction fee – sometimes even for free. Gate.io has become a leader in the nascent inscription industry, averaging a 44% share of the total daily volume.

The wallet offers a high level of security with multi-factor authentication, cloud backup, and data encryption. The platform also undergoes an annual security assessment by Hacken which involves simulated cyberattacks and smart contract audits.

Gate.io wallet users can also access exclusive airdrops and presales through Gate.io Startup, an initial exchange offering platform. This launchpad feature allows early-stage blockchain projects to fundraise through the Gate.io exchange.

Gate.io supports multiple payment methods for Philippine peso (PHP), including credit or debit cards, Gcash, Paymaya, Coins.ph, and CIMB Philippines.

15. Electrum – One of the Best Open-Source Philippines Crypto Wallets

Electrum is one of the oldest wallets in the crypto industry, and it stands out for two reasons. First, it’s a Bitcoin-only app, which means it cannot accept any other digital currency except “digital gold.” Second, it’s one of the most secure BTC wallets, with a proven history of protecting BTC. It’s one of the reasons we included it in our list of the best crypto wallets of 2023.

Furthermore, Electrum is a non-custodial and open-source wallet. As opposed to custodial wallets, their non-custodial counterparts do not store your keys on their servers. In other words, you’re the only one with access to your private keys.

The only significant downside for Electrum is the lack of a stand-alone app for iOS users. Unfortunately, only those with Android phones can enjoy the benefits of using a phone wallet.

Of course, some would claim that only accepting Bitcoin or not having additional features is a disadvantage. However, that is not the case, as Electrum is perfect if you focus on BTC alone.

16. Trust Wallet – Binance Product That’s Popular Among Filipinos

Trust Wallet is big — it has more than 60 million users around the globe, thanks to its backing from Binance. We wouldn’t dare call it the most popular Bitcoin wallet in the Philippines. Still, it’s definitely one of the few that can deliver a great user experience with such a large organization behind it.

Apart from the supporting cryptos, Trust Wallet also accepts NFTs and can be connected with other dApps. It even features a dedicated Web3 browser within the app.

Even though Binance’s operations have been limited due to some regulatory issues in the US, the exchange and the wallet continue to operate in the Asian market. Therefore, it’s safe to assume that Trust Wallet is big among Filipinos, especially those who rely on Binance for their trading whereabouts.

17. MetaMask – Leading Crypto Wallet App With Chrome Integration

MetaMask is a popular wallet focusing exclusively on the Ethereum blockchain, meaning you can use it to store all ERC-20 and other ERC fungible and non-fungible tokens, starting with Ethereum. In other words, if you’re looking for a way to store Bitcoin, this is not a wallet for you.

MetaMask is a non-custodial wallet that gives you complete control over your private keys. It’s designed in accordance with the blockchain philosophy and is one of the most popular Ethereum wallets worldwide. 

The wallet has more than 20 million active users and fantastic ratings on both the App Store and Google Play Store (4.7 and 4.4 out of 5, respectively). Its most significant advantage is that it can be integrated into Chrome as a plug-in and used to access some of the Ethereum-built dApps.

In short, it’s safe to say that MetaMask is one of the best Ethereum crypto wallets in the Philippines for Filipino investors.

18. Mycelium – Popular Wallet for Mobile Users

Mycelium is an online wallet highly praised by smartphone users thanks to its mobile-first approach. It offers top-notch security features that come at a price: it’s not for beginners. In other words, if you’re an advanced crypto trader and mobile user, you’ll definitely find value in Mycelium. That said, keep in mind that Mycelium doesn’t feature standalone software for PCs and laptops.

Since it’s non-custodial and open-source, it gives great freedom to its users. Moreover, it’s also possible to connect it to some of the popular brands of hard wallets, including Ledger and Trezor.

The app also lets you swap, buy, and sell coins, which makes it practical for active traders. The majority of features are BTC-focused, even though the app accepts other digital currencies.

19. Atomic Wallet –  Simple Wallet for Filipino Investors With No Registration Required

Atomic Wallet is a light wallet aimed at beginners. It accepts more than 500 cryptocurrencies and is a multi-chain wallet where you can also store Bitcoin and other popular cryptos. The app is aimed at less experienced traders, who will also find its staking capabilities interesting in terms of earning passive income.

One thing that makes the Atomic Wallet stand out from the pack is the excellent customer support team, which is available round the clock and can be contacted via the ticket system, email, and live chat.

Unfortunately, Atomic Wallet has had several security concerns, including a $35-million reported theft. However, the team behind the wallet has been actively working on securing the app, which still enjoys a high level of popularity in the community.

20. Coinbase Wallet –  Crypto Wallet Focused on the US With Limited Availability in the Philippines.

At first, we weren’t sure whether to include Coinbase in our list analyzing the best Bitcoin wallet in the Philippines. Coinbase is a popular online crypto exchange mainly targeting the US market, but it’s available for Filipinos to an extent. The same applies to its wallet. Still, the wallet features great security, which is enough to justify its inclusion in this article.

Being part of the Coinbase family, this wallet is known for its great security features. You can store over a hundred cryptocurrencies, including NFTs, and even access thousands of decentralized apps.

Coinbase is advertised as the ultimate Web3 wallet. Still, the fact that Asia isn’t its primary market at the moment may not appeal to Filipinos.

Types of Crypto Wallets 

You’ll find many sources, such as this CNN article, which explain that wallets come in two forms — software and hardware. However, if we think of them through the prisms of software and hardware, we’ll have to add another type to the list: paper wallets.

You can also divide crypto wallets into hot and cold. The former is connected to the internet, while the cold storage isn’t. This is similar to software and hardware wallets, except that paper wallets are a type of cold storage too.

We’ll stick to the first distinction: software, hardware, and paper wallets. Here’s an overview of each.

Software Wallets

Software wallets are programs that store your Bitcoin or any other crypto. For example, an online Bitcoin app will store your BTC — all you need to do is download and install it on your device. 

They fall into several categories based on the device you’re using:

• Desktop wallets — These apps are downloaded as desktop applications for PCs and laptops.
• Mobile wallets — These are usually available as mobile apps for iOS and Android, and you’ll often find them in app stores. However, not all mobile wallets are suitable for both types of smartphones. For example, Electrum doesn’t have an iOS app, as the app is geared toward Android users.
• Web wallets — These wallets are based on your mobile browser. Perhaps the most popular example is MetaMask, which can be installed as a Chrome plugin and accessed from your plugins bar.

If you want to stick to mobile software wallets, you can check the best Bitcoin wallets for iPhone or the top BTC options for Android that we selected. Conversely, if you want to explore hardware options, continue reading.

We can also divide software wallets based on how they handle your private keys.

• Custodial — These wallets are usually parts of some bigger organizations, such as centralized exchanges. The term indicates that they have custody over your private keys. That’s not necessarily a bad thing, as they keep the keys safe, and you can recover them if you lose them. However, if such a wallet gets hacked, your private keys could be exposed and, hence, your crypto funds. A good example of this is the Coinbase wallet.
• Non-custodial — These wallets don’t store your private keys, meaning you’re the sole owner. This increases your anonymity, privacy, and security. However, it also comes with bigger responsibility, as you need to make sure not to lose the private key. Electrum is an example of a non-custodial wallet. These wallets usually don’t require registration. If you want to use one that accepts BTC, there’s no need to open a Bitcoin account in your crypto wallet. Instead, you’ll just receive public and private keys, and you can start sending, receiving, and hodling your digital gold.

Software wallets can also be categorized as follows:

• Open-source — Like any other open-source software, these wallets offer their code publicly, which can be amended. Moreover, the community can suggest improvements to the code.
• Closed-source — Closed wallets do not reveal their code publicly. This doesn’t mean they’re less valuable compared to their open-source counterparts. 

Finally, we can classify wallets based on the blockchains they support:

• Single-blockchain — This wallet only communicates with one blockchain. For example, if it only works with the Bitcoin blockchain, you’ll only be able to store BTC. If it communicates only with Ethereum, such as MetaMask, you’ll only be able to store Ether and other ERC tokens and NFTs. 
• Multi-blockchain — This type of wallet communicates with more than one blockchain. If you can store Ethereum and Bitcoin in a single wallet, it means multi-chain support is available.

Hardware Wallets

Hardware wallets are also referred to as cold storage, meaning your funds are kept “offline.” When you disconnect your hardware device, there’s virtually no way for a hacker to penetrate your wallet and steal your funds. The only way your funds can be compromised is if someone steals your device and learns all your passwords and private keys.

All hardware wallets are non-custodial and multi-chain. The two most popular manufacturers are Ledger and Trezor, which we included in our top 19 list.

Overall, hardware wallets are more secure, but they are less convenient compared to their “hot” counterparts. Because of this, many traders who opt to buy and sell digital coins actively choose software wallets. Ideally, you should consider using both and only store what you intend to hodl in your cold storage wallets to maximize your security.

Paper Wallets

Paper wallets are the least popular option. Essentially, you need to generate a public and a private key and print it on a piece of paper to have it as your “hardware” where you store your money. 

However, as it’s easy to steal or destroy paper — there’s no way to back up your crypto funds. The process of using your funds is not streamlined compared to hardware wallets. Unless really necessary, we advise avoiding paper wallets.

Seed Phrase Security 

A seed phrase is a sequence of 12, 18, or 24 words that acts as a master key to your crypto wallet. To ensure its security, users should invest in a top-rated seed phrase storage device. 

One such option is Cryptotag, which stores seed phrases in aerospace-grade titanium plates. The device is water and heat-resistant, and bullet-proof. Cryptotag offers three distinct products – ranging in the €129 – €350 price range. Cryptotag is compatible with wallets such as Trezor, Metamask, and Ledger. 

How to Pick the Best Crypto Wallet for You

If you’re unsure which wallet would be best for you, take a look at the short guide below.

Type of Wallet

First, you need to assess all the different wallets we’ve discussed. For example, if you’re only going to use BTC, it’s a good idea to find the Philippines Bitcoin wallet, which only focuses on BTC’s blockchain. If you want to use more than one crypto, you should choose another.

At the same time, you need to determine whether you’ll use a software or hardware wallet. If you can afford it, you should combine a hardware wallet with the best Bitcoin app (or any other crypto wallet, in case you go beyond BTC).

Finally, you should decide which device you’ll use and whether you want your wallet to be custodial or non-custodial.

Great Overall Security

All wallets feature some security protocols, but you should aim for the best ones. For example, if there’s a mobile app, it should have 2FA and biometric login to maximize your protection. If possible, turn all security features on. After all, you’re protecting your wealth that way, and it’s better to be safe than sorry.

Fees for Sending and Receiving Cryptos

Some wallets charge additional fees, and others don’t. In addition, each blockchain has standard transaction costs, which you’ll have to pay regardless of the wallet you use. It’s up to you to find the best price/quality ratio rather than sticking to the most affordable option.

User Experience

Explore the wallet you want to use in depth. Most of them are free to install, and for some, you don’t even have to open a Bitcoin account (or account for any other crypto you’re using). This research will help you understand how they work, how to navigate, and the overall user experience.

Additional Features

All the top wallets in the Philippines offer some additional features besides just storing your digital funds. For example, some will let you stake, buy, and sell coins right from the wallet. But you should only pick the ones that you will use. If not, you should focus on security and user experience instead.

Device Compatibility

Check if the wallet of your choice is compatible with your device. For example, you might pick Electrum for an iPhone, only to discover that it’s not supported on iOS devices. Some of the best crypto hardware wallets aren’t compatible with all OSs, so check that out before buying them.

Reputation and Reviews

Before picking the best Philippines Bitcoin wallet, check what the others are saying about them. You should consider popular forums and social media, but read professional reviews as well, as they can tell you plenty about a wallet.

Are Bitcoin Wallets Safe? How to Stay Secure With Crypto Wallets

Even though some wallets might have top-notch security measures, you should still take maximum precautions to make sure you protect yourself from any possible negative scenario.

• Choose a reputable wallet — This is something we already covered, so make sure that your wallet is highly regarded among users and has all security functions in place.
• Consider using hardware wallets — This is not necessary if you don’t have a lot of money stored in crypto. However, if you think there’s a certain amount you want to protect, you should store it in a hardware wallet.
• Set up 2FA and a strong password — 2FA means you’ll log in with more than just your password. For example, you might need to scan a QR code or enter a code you received via email or SMS.
• Update your wallets — Ensure your crypto wallet is always up-to-date to avoid possible security concerns.
• Back up your wallet and store it securely — Just like with any other valuable piece of data, regular backups are necessary to be able to recover your funds if your device is lost.

Conclusion

Finding a secure place to store your crypto holdings in 2024 can be time-consuming and unnerving. That’s why we’ve gone through some of the most popular and trusted options to save you the time and headache of sifting through hundreds of options.

Best Wallet is our top choice not only because it is an easy-to-use non-custodial wallet but because it offers high security and access to thousands of tokens.

References

• Basic Computer Skills: Open Source vs. Closed Source Software​ (gcfglobal.org)
• What Is a Bitcoin Paper Wallet? – Bitcoin Magazine – Bitcoin News, Articles and Expert Insights (bitcoinmagazine.com)
• Gate.io Emerges as Dominant Player in Inscription Token Market, Averages 30% of Exchange Token Share (prnewswire.co.uk)
• What is Bitcoin? Key cryptocurrency terms and what they mean (bbc.co.uk)
• Investing in cryptocurrency: What you need to know | CNN Business (ccn.com)

FAQ

Michael Graw

Crypto Expert

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Michael Graw

Crypto Expert

Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.

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