Polkadot is an altcoin with huge growth potential. Crypto experts all over the world consider this coin to soon become a competitor to blockchain ecosystems like Ethereum, Cosmos, and EOS. Polkadot was founded by Gavin Wood, Peter Czaban, and Robert Habermeier in 2016. Gavin Wood is a co-founder of Ethereum and created the language Solidity, which is used to develop Dapps on the Ethereum blockchain. The platform aims to reward a global network of systems to manage a blockchain over which users can create and run their own blockchains.
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Just like any other cryptocurrency, it is essential to store your Polkadot coins safely in wallets. Here we will take a look at the best Polkadot wallets in 2021.
Best Polkadot Wallets 2021 – Mobile Wallet For Polkadot Ecosystem
The Ledger wallet is a hardware wallet that is one of the world’s most popular and recommended crypto hardware wallets for storing Polkadot. The wallet secures all your private keys safely and offline in the device. Hardware wallets are often considered safer than mobile and web wallets, and the Ledger wallet is one of the most secure hardware wallets.
You can download the Ledger Live app, and through that purchase, sell, and exchange over 1500 cryptocurrencies in a single platform. The device comes with a USB cable and adapters that can be effortlessly connected to Android or iPhone or a laptop or desktop using a USB port. The Ledger wallet has two different versions: Ledger Nano S and Ledger Nano X.
Guarda Wallet is an all-in-one, non-custodial Polkadot wallet that can be used to safely store a variety of diverse crypto assets. This wallet can be accessed from any device, like web, desktop, chrome extension, and mobiles. And it facilitates users to trade between various cryptocurrencies within the wallet software. Users can also buy Bitcoin and many popular cryptocurrencies using fiat currencies using the wallet’s integration with Simplex. Guarda provides services for almost every aspect of the cryptocurrency ecosystem. The ledger hardware wallet can also be used with the Guarda wallet. As it is a non-custodial wallet, the private keys and information of the users won’t be saved on it.
Atomic Wallet is a Polkadot wallet that supports more than 500 coins and tokens. Atomic wallet’s primary attraction is its decentralized exchange called Atomic Swap. It is actually named after the exchange. Atomic Wallet supports all the major platforms such as Windows, macOS, Linux, Android, and iOS. It allows users to use fiat currencies to buy cryptocurrencies such as Bitcoin, Ethereum, etc… without using a centralized exchange. It is one of the most popular and reliable wallets in the crypto community. Because it is a decentralized wallet, all your private keys are encrypted and stored on your device itself.
Trust Wallet is Polkadot wallet software that enables users to trade different cryptocurrencies securely. The wallet gives you a secure access key that manages your assets safely against unapproved access. Trust wallet also provides multicoin support that allows you to buy and trade thousands of coins and crypto-assets. You can even purchase crypto coins with your credit card. Trust Wallet can be used on iOS and Android mobile devices. It can even be used to receive interest in your crypto assets and try out the latest DApps and DeFi platforms. It is the official wallet of Binance exchange, the world’s most popular cryptocurrency exchange.
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Polkawallet is the authorized mobile wallet of the cryptocurrency. It is available for Android and iOS on the Apple AppStore and Google Play Store. Polkawallet can be considered as both a hot wallet and a cold wallet. Even though it is connected to the internet like a hot wallet, it does not save your private keys. Polkawallet can also be used as an offline cold wallet. You will have to sign in using QR code scanning to the cold wallet. Polkawallet can be used to view your assets, trade history, and transfer tokens by scanning QR codes. There is also a unique feature to recover your account called “social recovery”. Using this feature your account can be integrated with someone of your choice like a close relative or a friend and use it to recover your wallet if you have forgotten your account.
Exodus is a popular Polkadot wallet that supports more than a hundred cryptocurrencies. This wallet was initially only available on desktop but is now available for Android and iOS. Exodus is different from other wallets because of its design. The wallet has an easy-to-use interface that makes things easier for beginners. Exodus also provides satisfactory customer support. While it is suited for newcomers, more seasoned traders may find it lacking in certain areas. It is one of the easiest wallets to use, and there are minimal options to make mistakes for beginner traders.
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These are the best Polkadot wallets to store your DOT in 2021. As the popularity of the coin grows, more and more wallets Polkadot wallets will arrive on the market. It is always advisable to store your crypto coins in a safe and reliable wallet, and not leave them on the exchange where they are vulnerable to hacks.
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