Top 5 Best Multi-Currency Mobile Wallets

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You’ve probably heard the saying, “Don’t put all your eggs in one basket” when it comes to diversifying investments.

In cryptocurrency, there are over 20,000 assets to invest in, but managing diversified holdings across different wallets can be challenging.

To solve this issue, multi-currency wallets have emerged, allowing users to store multiple cryptocurrencies in a single wallet.

There are numerous multi-currency wallets available across different platforms, but mobile wallets provide the most convenient way to manage crypto assets on the go.

In this post, I’ll list the top 5 best multi-currency mobile wallets you can use.

OS: Android, iOS.

Founded in 2014 Coinomi is the reputed crypto wallet for mobile supporting more than 125 different coins and blockchains (the biggest number of assets for noncustodial wallets according to their site).

Coinomi is a user-friendly wallet with SegWit support which means you get faster confirmation while sending Bitcoin or Litecoin with a lower transaction fee. This feature is also available to 18 other altcoins.

The wallet also takes care of the security side by keeping your wallet private key on your device using strong encryption and cryptography plus you’ll need to set a password for sensitive actions, such as withdrawals, and it is also part of the recovery phrase encryption.

To set up a wallet, you don’t need any ID or KYC details.

Apart from SegWit, Privacy, Security feature Coinomi offers 168 fiat currency representations, readable in 25 languages. All supported assets can be exchanged instantly from within the app via built-in exchanges.

OS: Android, iOS.

Popular user-friendly wallet for mobile released in 2016 and is developed and maintained by ConsensLab, which is a Chinese company.

The wallet is popular because of its user-friendly interface focusing on a one-click approach, bringing all the functionality one-click away from you.

Initially, imToken mainly focused on the Ethereum ERC-20 tokens and also worked as the DApps browser, but now the wallet supports more than 35 blockchains including Bitcoin, EOS, ATOM, BCH, TRX, LTC, CKB, DOT, KSM, FIL tokens.

Another noteworthy feature of imToken is its one-click token swap feature allowing you to swap one token/coin to another. Just choose your desired pairing tokens, select amount, click, and boom!!! Your tokens are swapped instantly.

imToken offers the same security and privacy features as the above wallets asking no ID or any KYC details and storing private keys on your device.

OS: Android, iOS.

Founded back in 2014 headquarters in San Diego California, during the founding company name was “AirBitz” supporting only Bitcoin transactions and then the name changed to “Edge” and now supports 30 crypto assets.

The wallet comes with a built in-exchange and allows you to buy cryptos using a credit card or wire transfer, for spending cryptos, you can buy gift cards for popular online websites, such as Amazon, Steam, etc. through Bitrefill.

Safeguarding cryptos Edge lets you create a username and password but nothing to worry about privacy because all the details are encrypted on the device before being transferred to the servers.

Even you don’t need to fill out an e-mail or any other personal information to sign up for the wallet.

Edge also gives you full control over how much you’d like to pay in Bitcoin transaction fees.

OS: Android, iOS.

Started as the Ethereum web wallet in 2017 and now expanded to over 40 crypto assets and is available for Android, and iOS.

Even being the new wallet on the market, Guarda offers the best UI, Security, and Privacy.

Guarda encrypts your private keys and stores them on your device plus it offers multisig where two or more users are needed to sign the transaction, also never asks for any ID and verification to create a wallet.

Moreover, you can earn through Guarda by staking coins.

One downside of the wallet is Fees. You’ll have to pay a 3.5% fee when using the built-in exchange service which is relatively high compared to what other cryptocurrency exchanges have to offer.

OS: Android, iOS.

Freewallet Started operating in 2016 based out of Tallinn, Estonia.

The wallet supports more than 100 crypto assets, including a vast number of ERC-20 tokens.

Also, the wallet offers you free crypto assets transfer between wallet users.

You can buy any cryptos using a VISA or MasterCard credit card but keep in mind are fees pushing past the 7% mark.

But one drawback of the wallet is you’re not in control of the private key means the wallet stores your private key in cold storage, according to Freewallet, while remaining linked to wallet balances. This is backed up by 2-factor authentication options to secure accounts. A must-have in any online financial product.

These are some of the best multi-currency wallets available for mobile devices.

Most of these wallets are open-source, hierarchical deterministic (HD) wallets, and do not require personal information for setup.

They also offer low or no transaction fees while prioritizing security.

With these options at your fingertips, you can safely store and manage multiple cryptocurrencies from your mobile device.

Now it’s your turn — which wallet do you prefer? Have you used any of these? Share your experience in the comments!