Top 6 Multi-Currency Digital Wallets

A multitude of multi-currency digital wallets are available for cryptocurrency owners, to choose from. But, which one is the best and the most secure? That’s the question that we aim to answer in this following article.

Each wallet will be rated on the basis of its type, ease of use and other functionalities. An important parameter that needs to be highlighted while reviewing the wallets is their security options. It is imperative that digital wallets stay secure and out of reach of hackers and other threats because they contain your valuable digital tokens.

Coinomi

Coinomi is the first wallet on our list. It supports more than 200 different digital tokens and a number of blockchains. It’s a great multi-asset cryptocurrency wallet, and at present, the wallet is only available for mobile devices.

Coinomi was opensource during the recent past and users can still download earlier versions of its code. Coinomi’s application license was changed after a number of hackers were found to be manipulating Coinomi’s code.

The wallet is very user-friendly and streamlines the process for sending and receiving payments from different blockchains.

Despite being the most popular and versatile digital wallet on our list, the reviews of Coinomi are mainly negative. Many users complain of lack of support and funds being stolen out of nowhere.

The majority of users agreed that Coinomi is a great wallet if you are going to use it for storing a small amount of cryptocurrency but for larger amounts, it is very unsafe. It only received a 3.4 rating on cryptocompare, with 120 user reviews.

  • Supported OS: Android, iOS
  • Internal Coin Exchange: ShapeShift Integrated
  • Ease of use: Easy to use
  • Open Source: No
  • Private keys: Held by owner
  • Download link: https://coinomi.com/
  • Score (by Cryptocompare): 3.4
  • Recommended: Yes, and tested.

coinomi

 

Exodus

Exodus provides an excellent UI along with seamless performance. It is a desktop wallet and is not available for mobile devices. Your private keys remain secure on your device and never leave it. Exodus can even encrypt the private keys for you.

The cryptocurrency exchange, ShapeShift is integrated into Exodus, which provides you with one-click, efficient trading options. Exodus supports more than 10 different cryptocurrencies and doesn’t plan on adding support for more, in the near future, because they only support the tokens that are accepted by ShapeShift. Like Coinomi, Exodus is not an open source wallet.

Exodus might only support a handful of cryptocurrencies but is famous amongst the crypto community. The vast majority of the users reviewed it positively, mentioning the active and quick support.

  • Supported OS: Windows, Linux, Mac
  • Internal Coin Exchange: ShapeShift Integrated
  • Ease of use: Easy to use
  • Open Source: No
  • Private keys: Held by owner
  • Download link: https://www.exodus.io/releases/
  • Score (by Cryptocompare): 4.2
  • Recommended: Yes, and tested.

exodus

 

Jaxx

Jaxx is a multi-platform multi-asset cryptocurrency wallet. Users can install Jaxx on their desktop computers or mobile phones. Jaxx is available for Windows, Linux, Mac, Android, and iOS. You can read our Jaxx dedicated guide.

The dark UI of Jaxx wallet is really attractive, and the users can easily carry out transactions using Jaxx’s one-click approach. The private keys are stored on the user device, and Jaxx does not access them. The support team is known for its effectiveness and fast response time.

Jaxx currently supports around 12 cryptocurrency tokens. Jaxx provides a 12-word “Masterseed” phrase for ownership and control. Using this “Masterseed” phrase, users can regain access to their wallets if they lose their device. Users can also easily swap between cryptocurrencies and exchange the tokens using its “exchange” button.

  • Supported OS: Windows, Mac, Linux, Android, IOS
  • Internal Coin Exchange: Integrated with ShapeShift
  • Ease of use: Very easy to use with an attractive UI
  • Open Source: No
  • Private keys: Held by owner
  • Download link: https://jaxx.io/
  • Score (by Cryptocompare): 2.9
  • Recommended: Yes, and tested.

jaxx

 

Cryptonator

Cryptonator is the most notorious digital wallet on our list. Sounds of a scam resonate around this online cryptocurrency wallet. Unlike other wallets mentioned on this list, Cryptonator takes control of your private keys, so you’re actually giving control of your funds to a third party, which is a red flag for us.

However controversial that method may be, users still genuinely use the platform. Cryptonator does take sufficient steps to secure the funds of their users. They claim to offer bank-grade security measures, and all services run entirely over secure SSL connections, and all the critical data is hashed using the SHA-256 cryptographic algorithm.

Lastly, the online platform provides you with the facility of two-factor-authentication, which makes your account a little bit more secure.

Many traders use Cryptonator because it supports a number of alt-coins that are not supported by the mainstream wallets and exchanges.

On Cryptocompare, Cryptonator received a rating of 2.6 with only 31 user reviews. I would advise you to consider carefully if you plan on using Cryptonator.

  • Supported OS: Web wallet.
  • Internal Coin Exchange: No
  • Ease of use: Easy to use
  • Open Source: No
  • Private keys: Held by a third party
  • Download link: https://www.cryptonator.com/
  • Score (by Cryptocompare): 2.6
  • Recommended: No, not tested.

cryptonatur

 

Agama

Agama is another desktop-based wallet in our list, which also boasts a simple yet interactive UI like Exodus. Like Exodus, it supports Linux, Windows and Mac OS. The private keys remain under your control, on your device and are not uploaded or accessed by the network, other than when required.

Agama is a relatively new wallet and supports major alt-coins. The wallet was developed by Komodo, which works on Komodo Blockchain. Agama is their official wallet, however, along with Komodo, Agama also supports a number of other alt-coins.

Agama has an in-built cryptocurrency exchange known as EasyDEX, through which users can easily exchange and transfer their tokens. EasyDEX mainly utilizes Atomic Swaps to perform transactions. Agama has a neat user-friendly interface and simple to use.

  • Supported OS: Windows, Mac, Linux
  • Internal Coin Exchange: Integrated with Komodo
  • Ease of use: Average
  • Open Source: Yes
  • Private keys: Held by owner
  • Download link: https://komodoplatform.com/
  • Score (by Cryptocompare): 2.6
  • Recommended: N/A.

agama

 

imToken

imToken is a user-friendly mobile-based digital wallet. The wallet was released in 2016 and is developed and maintained by ConsensLab, which is a Chinese company. The wallet is Ethereum blockchain based and hence supports ERC-20 tokens, like most of the ICOs.

imToken does plan on integrating more blockchains, and currently is only focusing on Ethereum based blockchains. An interesting feature of imToken is that it allows users to decide the transaction fee, higher fees will, of course, mean faster transaction acceptance.

imToken boasts an attractive, light and fast UI. The application is also focused on a one-click approach, bringing all the functionality one-click away from the users. This makes the applications easy to use and removes complexity often associated with cryptocurrencies.

  • Supported OS: Android, iOS
  • Internal Coin Exchange: No
  • Ease of use: Very easy to use with an attractive UI
  • Open Source: No
  • Private keys: Held by owner
  • Download link: https://token.im/
  • Score (by Cryptocompare): N/A
  • Recommended: N/A.

imtoken

 

A word about hardware wallets

Regarding to multi-currency wallets, we must mention hardware wallets, such as Trezor and Ledger Nano S, which have higher security level due to their cold storage. Both have a decent and growing amount of supported crypto currencies. The disadvantages are the variety of supported tokens and that hardware wallets are not free.

Conclusion

Going for a shady digital wallet might result in loss and theft of your valuable cryptocurrency assets. Every wallet has its pros and cons, the most important, in our opinion, is to keep your private keys in your hands. A good strategy would be to choose a wallet which has a strong online presence and where its support is known to respond quickly. As always, never send anyone your private key and create an offline backup.

 

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